Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Essex County : Real Estate Advice

  • All8
  • Local Info1
  • Home Buying6
  • Home Selling0
  • Market Conditions0

Activity 447
Tue Aug 2, 2011 answered:
We need a little more info to answer your question. Are you referring to the good faith deposit you put down at either offer stage or PS stage?
0 votes 2 answers Share Flag
Tue Aug 2, 2011
Amy Mullen answered:

That depends on which notice it is. Call me - I am a CDPE (Certified Distressed Property Expert) and may be able to help.

0 votes 3 answers Share Flag
Mon Aug 1, 2011
Jmknottsr asked:
0 votes 0 Answers Share Flag
Thu Jun 11, 2015
Andrew Adams answered:
You will need a renovation loan. This time of year a bank is not going to close a conventional loan with the septic unless it's a renovation loan. By going with a renovation loan you will know you will close. You will need to set aside more for renovatoin need the full plans but it's done all the time. ... more
0 votes 23 answers Share Flag
Thu Jul 14, 2011
Jeff Makowski asked:
0 votes 0 Answers Share Flag
Wed Jul 6, 2011
Gerard Carney answered:
That is a question that only the bank and the Short Sale underwriter know, I have seen some on the market over a year and others stop and foreclose in a few months!
0 votes 5 answers Share Flag
Fri Dec 2, 2011
Robin Silverberg answered:
That is insurance paid to insure the lender against default when the loan amount is more than 80% of the value of the property, or purchase price, whichever is less.
Private Mortgage Insurance is privided by various companies, Genworth, Radian, PMI, to name a few. The rates vary based on credit score, loan to value, property type, etc.
MIP, or Mortgage Insurance Premium, is the insurance provided by FHA.
There is an up-front fee for MIP, but not PMI. The monthly premium on MIP went up so much recently that PMI is now starting to look like a much better deal, especially for those with good credit scores who don't have much to put down. Another great feature that can be done with PMI, that is rarely used, is what is called the Super Single Premium by some companies, not sure what others may call it. This is a 1 time fee paid at closing so that no monthly PMI amount is paid. The borrower can either pay it up-front, have a credit back from the lender to cover it by paying a higher rate, or a combination. I was once asked by a client why everyone doesn't do this, and I told him it was because most loan officers don't know enough about it to either advise about it at all, or know how to present the option to borrowers.
... more
0 votes 5 answers Share Flag
Fri Jun 24, 2011
Andrew Adams answered:
You will be hard pressed to find a commercial loan with just 10% down. Anything above 4 units is considered commercial lending.
0 votes 3 answers Share Flag
Thu Aug 11, 2011
Scott A. Nelson answered:
You should go & look at the competition. What are properties of like size/type currently on the market for & at your current pricing how does your property compare to others in the $600K range. You might re-do your market analysis to see what might have changed in the local market recently/since the time you listed. ... more
0 votes 12 answers Share Flag
Thu Jul 7, 2011
allan erps,ABR,SFR answered:
Fri Jun 7, 2013
Louis Wolfson answered:

Most rentals are handled by real estate agents. They will qualify the tenant, do all the paper work and do a credit check. The fee's vary from 100% of the fee from the landlord, to 100% of the fee from the tenant, to 50% of the fee from each the landlord and tenant. The variation of the fee is based on the supply and demand of available rentals in a market place. Management companies collect the rent, and will maintenance of the unit for a fee. Most condo complexs have management companies that handle the maintenance but not the collection of the rent.

good luck

... more
0 votes 5 answers Share Flag
Thu Jul 7, 2011
Molly Hay - Mosley, CDPE,CNE, MIP, SFR answered:
This a great question! The typically percentage in Ohio's market place is 6%. 3% to the buyer’s agent and 3% to the selling agent. Commission is negotiable. I have a program that if my seller uses me on the buying side I can reduce the cost on the listing side. Interview a few different agents and see if anyone in your area offers any incentives to use them. But keep in mind if an agent does reduce the commission that may hinder them from doing certain marketing to help get your home sold. Good Luck! ... more
0 votes 8 answers Share Flag
Tue May 24, 2011
Michael Consoli answered:
No, its cancelled. I've sent you a separate email. Call or email me to discuss further.
0 votes 1 answer Share Flag
Sat May 21, 2011
Trevbeco asked:
0 votes 0 Answers Share Flag
Sun Nov 17, 2013
David Burnham answered:
You can pay the difference at the settlement table, but otherwise there are not a lot of options other than to hold on to the property until it appreciates a little or you pay the mortgage down a little.

If you don't have the $8000 you may want to look at drawing a personal line of credit or some other loan to help get you the money to dump the house, then you can pay back that loan in the upcoming months or years.

Otherwise, you can try to talk to your bank, but I doubt they will approve releasing the lien without going the full short sale route.
... more
0 votes 10 answers Share Flag
Sun Apr 27, 2014
Praful Thakkar answered:
Getting better. I can perhaps add lots of things here - should you want to know specifics, let me know.
0 votes 7 answers Share Flag
Fri Jun 3, 2011
Gerard Carney answered:
Simply put, people may not be interested in the area! If you can't find a renter then maybe it is time to ask for a Realtor's help!
0 votes 4 answers Share Flag
Sat Mar 30, 2013
Brent Kluge answered:
Sounds like a wonderful project!

I have a few contractor referrals for that area. In addition, I would be glad to compare if you would like, for your FHA 203K.

I am CERTAIN our interest rates and fees will save you THOUSANDS....

Bigger than that, we are a bank and do NOT sell your loan... this means we also have our own draw department... So YOUR CONTRACTOR WON'T WAIT 60-90 DAYS FOR YOUR DRAW CHECKS! We send out checks in 24-48 hours in an overnight FedEx directly to you the homeowner!

In addition, most lenders disappear when the loan closes... not us. You will be assigned a Project Coach (TM) who you can call for ANY questions from planning phase all the way through project completion and post project review.

Please check us out and feel free to call me directly!

Brent Kluge
... more
0 votes 2 answers Share Flag
Sat Apr 23, 2011
Lauren Consolazio answered:
Yes, Hamilton Wenham are "Green Communities" which means they receive federal monies for green initiatives. There is also a nonprofit organization called Hamilton Wenham GREEN which works to foster sustainability in the two towns. Find out more on their website If you are looking to buy in Hamilton/Wenham I would be happy to help I am a vice president of HW Green and a long time resident. ... more
0 votes 1 answer Share Flag
Sat Apr 16, 2011
Marie Souza Team answered:
Hi - I am sure that you will get a lot of response here from local agents. I would do some research in your area. Start looking on Trulia, Zillow & Realtor,.com for Agents with lots of listings (lots of listings = lots of activity). Call 3 of the Top Agents & interview them. Make sure they represent buyers. Ask for refrences & how many sales they did with buyers this past year. This will give you a good idea of who you should work with.
Good luck! The Marie Souza Team - Top Selling on Cape Cod
Phone: 508-790-2000 Fax: 508-790-4005
... more
0 votes 13 answers Share Flag
... 7 8 9 10 11 ...
Search Advice