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East Saint Louis : Real Estate Advice

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  • Local Info1
  • Home Buying6
  • Home Selling0
  • Market Conditions0

Activity 11
Wed Feb 20, 2013
Chris and Michelle Spalding answered:
You need to be connected with a Realtor who can market your home for you in MLS and also get it propogated to the affiliate sites such as Trulia, good luck!
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Tue May 8, 2012
Rodney Edwards answered:
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens' full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency. Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties.

A short sale is often used as an alternative to foreclosure because it mitigates additional fees and costs to both the creditor and borrower. While credit is also typically damaged much less than from a foreclosure, both often result in a negative credit report against the property owner.
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Sat Mar 24, 2012
Nan asked:
Need realtor who is familiar with selling lower priced properties that need to be rehabbed in this area
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Mon Jan 31, 2011
Keisha asked:
Mon Jan 31, 2011
Keisha asked:
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Tue Jan 26, 2010
Dallas Texas answered:
Simple answer:

You need establish credit or repair credit for lender approval.
Requires 2 years employment
3.5% or more down payment
Debt income ratio in balance
Money close

There could be grants however still requires establish credit.

Speak with mortgage broker for your options.

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911

http://www.lynn911.com
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Wed Jan 28, 2009
Bill Eckler answered:
Makia,

Thank you for serving your country and protecting our freedom.

Our recommendation is to consult a loan agent relatiive to securing a VA loan even prior to beginning you property search. This will help you determine the price range for your search criteria and allow you to focus on property that is within your comfort range.

Good luck
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Mon Mar 5, 2012
Sean Hayes answered:
Melanie,
Glad to see that you are reaching out for answers to make sure you are taking the right steps in this process. The 2 most important things that you need to accomplish right now are getting pre-approved by a lender or bank and find an agent that is going to be open about what you will experience in finding and buying your new home. I live in St Louis, but am not licensed in Illinois. If you would like a referral for an agent that can help you in East St Louis, please let me know and I will be glad to help set you up. Best of Luck! ... more
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