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Home Buying in Grand Prairie : Real Estate Advice

  • All237
  • Local Info18
  • Home Buying64
  • Home Selling5
  • Market Conditions10

Activity 44
Sun Feb 23, 2014
The Oliver Team Chris & Holly Oliver answered:
Good Morning Erica,
The subdivision your interested in Grand Prairie has had a few foreclosures in the past year. The only 2 active homes for sale in the neighborhood are both foreclosure/bank owned properties. The only sold home in the past 6 months was a Jp Morgan Chase foreclosure. The neighborhood is nestled among Dickinson Elementary and Harry S. Truman Middle School. The neighborhood is also surounded by 2 parks as well.
There are many places to eat within a few miles of the neighborhood. The neighbohood is safe but has had some theft complaints. You can check into those complaints at
Let me know if you have any further questions or would like for me to send you the properties that are available in the neighborhood.
Have a Blessed Day!
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0 votes 3 answers Share Flag
Fri Dec 31, 2010
Brian Rayl answered:
Joseph is correct. There is not a bank in the world right now that would lend money with no money down.

That being said, as a first time home buyer, you might qualify under FHA financing criteria depending on the price of the home. FHA allows down payments to be gifted, so if you could come up with 3.5% downpayment, then you probably could with your credit score.

When debt is being considered, they consider your minimum monthly payments on items that show up on your credit report only. (Cell phone, electricity, water, cable, etc. does not count). If you would like more information on financing, I have a great loan officer that I use that I would be happy to refer you to.

If you have any questions, please feel free to call or email me anytime.

Brian Rayl, REALTOR®, e-PRO
Keller Williams Elite Dallas Park Cities
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0 votes 6 answers Share Flag
Sat Oct 30, 2010
Lucette Lemesh answered:
Mon Aug 23, 2010
Bruce Erickson answered:

If you will provide me with the area you are interested in, intended use of property (home or commercial), approx how much you have for a down payment, the size of property, and general description of property then I would be glad to put you in contact with an agent who will fits you specific needs.

Best of Luck ... Bruce Erickson Cell: 214-213-6382 Email:
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Mon Jun 21, 2010
It likely means that it is a bank owned property. The bank is not required to provide a sellers disclosure since they do not know the condition of the property.
0 votes 9 answers Share Flag
Thu Jun 3, 2010
Dallas Texas answered:
Do you require a loan? If YES two options
1. Contact a bank in your country request for a loan
2. Do you have cash you can purchase w/o a loan that would not be a problem
3. If you require a lender however can't obtain a loan through a bank in your country
a. Need 2 years employment
b. 3.5% or more downpayment
c. Credit score 620 or above

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
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Sun May 16, 2010
Anna M Brocco answered:
Short sales are by no means fast sales, unless already pre-approved by the lender. The seller can accept whatever offer he/she wants, but the lender decides to accept, reject or at times counter offer--keep in mind that the lender is looking to get as much money back as possible--you need to be aware of recently closed similar properties in the immediate area, review the data and see what it suggests as to a fair bid--if the property is priced on target for today's market or slightly below, multiple offfers may come to play--your agent can best advise you--as to the lenght of time the lender will take to respond--it depends, some lenders are quicker than others, there really are no set standards. ... more
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Wed Apr 14, 2010
T.E. & Naima Sumner answered:
Will you be buying a home for cash? If not, since you are a student, how do you intend getting a loan?

0 votes 1 answer Share Flag
Tue Feb 23, 2010
Sean Dawes answered:

Are you unable to qualify for a mortgage? Do you know where your credit is currently?

I suggest you go under the find a pro feature on trulia and email a few local agents and work with someone you feel comfortable with.

A skilled agent will be able to analyze your situation and show you what might be best. For example if you can get a mortgage but at a slightly higher rate, does it make sense to buy now, take advantage of the tax credit and lower pricing or does it make more sense to rent and then have the option to buy.

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0 votes 7 answers Share Flag
Sun Dec 27, 2009
Jeff K answered:
That's a really good question. I could be wrong but I wouldn't think that this would preclude your status on a 1st time home buyer since you didn't buy the house, and are just "on the title - there's no record of you having a mortgage, etc.

So I don't see how anyone would possibly know other than you and your parents.
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Thu Oct 11, 2012
Allen Robison answered:
Sat Oct 3, 2009
Diane Flynn ABR,CRS,GRI,SRES answered:
You will need to ask a mortgage person that question. Preferrably at the company you had your mortgage with. If the foreclosure was finalized, I don't know ho that woudld work out. Do contact your mortgage persson for the best change of getting a correct answer.

Good luck.

Diane Flynn
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Tue Sep 8, 2009
T.E. & Naima Sumner answered:
While your situation seems a little complex, if the amount of the loan is not too high and not too high a percentage of the property, you could probably make this work.

Your wife's income sounds like it is inconsistent over the last 24 months. If so, then you're right, it won't be useful. Credit rating is not that difficult to solve when it is non-existent, but it does take some work. ... more
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Mon Feb 7, 2011
T.E. & Naima Sumner answered:
Duplicate question:
0 votes 7 answers Share Flag
Wed Dec 5, 2012
T.E. & Naima Sumner answered:
They are both very comparable communities with similar amenities and price points. I think you should probably go by the home itself in this case.

I will be happy to send you a list of those for sale in each community.

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0 votes 6 answers Share Flag
Wed Feb 11, 2009
Dana Schuster answered:
Your foreclosure will remain on your credit record for at least 7 years. What makes you think that any lender would be willing to finance the purchase of another home when you were unableto meet your obligations regarding your previous one? ... more
0 votes 5 answers Share Flag
Fri Nov 14, 2008
Bruce Lynn answered:
Great place to live. I'll send you a list of current properties.

Bruce Lynn
Prudential Texas Properties
0 votes 2 answers Share Flag
Wed Oct 1, 2008
T.E. & Naima Sumner answered:
The house didn't show up. Please add it or feel free to call and I'll look it up

0 votes 4 answers Share Flag
Thu Mar 3, 2016
Jeff Kessler answered:
I would ask the previous owner or even the neighbors may know. I would think the Tax office would have it, but I guess you checked that. Let me know what you find out,
0 votes 14 answers Share Flag
Mon Sep 29, 2008
Sj209 answered:
Depending on the age of the home and type of foundation, yes it could be something unrelated to the foundation but if the floor is sloped (try rolling a marble, ball or bearing) I would say there is a structural problem. If it is just a matter of doors, they may not have been framed properly but more likely the house has settled over the years. If the home has a raised foundation there may be a relatively easy fix but not so for a slab. Some important questions: Any cracks in the plaster/walls? Are vents and windows square and move easily? Is the roof sagging at all? Are the walls square? What is the groundwater level? Where does storm water go? ... more
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