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E Saint Louis : Real Estate Advice

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Activity 3
Sat May 3, 2008
Mitzi Berens answered:
Delilah: The St. Clair County Grants Department (618-277-6790 x3226) has a program that requires you to attend a homeownership class then provides down payment assistance in the form of a grant, I believe you do need $500 of your own funds. The home also must qualify, it has to pass an inspection and be occupiable at closing. There are some other grant-type programs that are partnered with FHA mortgages (AmeriDream & Nehemiah) each has there own nuances and can be better explained by a lender who specializes in these type of loans. Hope this is helpful ... more
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Tue Sep 11, 2007
Ute Ferdig answered:
Most likely, the property will be listed with a new agent. Banks recycle their inventory and give a brokerage only 3-6 months to sell a foreclosed property. If the property was on the market for a long time already, then the banks may hand it over to an auctioneer. One thing the bank won't do is sell it directly to a buyer. It is difficult to get the name and contact information of the asset manager who handles the lender's foreclosure sales. I would tell the agent who had the listing to keep an eye out for it and ask him to notify you if it comes back on the market. Then this agent can represent you on the buying side. ... more
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Mon Sep 10, 2007
J Lo answered:
Typically - expired means the contract between brokerage and seller has ended. This is not necessarily to mean the contract has not been re-instated with the same agency or another.


If you have a home you are interested in - an agent can easily find out if the house is still "technically" on the market.
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