It;s possabale that it could be done..please contact me and let me review the numbers to see if it posssiable..I just closed on a home in Hennigans Grove this past week..I can be reached at:614-395-9554 - Direct
Century 21 Excellence Realty
614-395-9554 - Direct
614-474-1781 - U-Fax
740-919-4145 - Office
In your case you can definately rent out the property. The bank can not do anything to you if your situation changed. As long as you make the payments as agreed, you will be fine. Only issue would be if you wanted to purchase another home FHA since you already own this one. In that case, you should still be able to qualify as long as you provide the lease for this property and a few other verification items which vary from bank to bank. Good luck with renting your home and in your new place!... more
You have an active Home Owners Association for your community. Each HOA has different rules and are the keepers of all of that information. The best way to find out the answer, if you do not have a copy of the HOA rules, is to call a member of the board of the HOA or the developer, if they are still in charge of the HOA.... more
Frank, that's a question you'll have to ask the Auditor. This is a question that a lot of folks have. The Auditor has a very complicated process for valuating property. Just know that the Auditor's value doesn't always equal market value.... more
The Ohio Housing Finance Agency (OHFA) has a few different down payment assistance programs for First-Time Homebuyers. You can receive 2.5% of the required 3.5% down payment funds for an FHA mortgage loan. I've helped numbers of homebuyers take advantage of this program. For more information, please feel free to contact me. Have a nice day!... more
Your best option will probably be craigslist.com a majority of people who own rental properties manage their own property and tend to post the rentals on craigslist.com because of the popularity of the site, however watch out of scams if you do find a home on there make sure you get identification and proof of ownership before you give anyone money.... more
There may be some rentals available in a duplex situation on Meadow Grove. This is a desired area and you typically do not find rentals here. However, if you shoot me a email with your criteria I send word out and see if I can find you something.
Thanks :-)... more
A foreclosure remains on your credit report for 7 years, but its impact to your FICOÂ® score will lessen over time. While a foreclosure is considered a very negative event by your FICO score, it's a common misconception that it will ruin your score for a very long time. In fact, if you keep all of your other credit obligations in good standing, your FICO score can begin to rebound in as little as 2 years. The important thing to keep in mind is that a foreclosure is a single negative item, and if you keep this item isolated, it will be much less damaging to your FICO score than if you had a foreclosure in addition to defaulting on other credit obligations.
A bankruptcy will always be considered a very negative event by your FICOÂ® score. How much of an impact it will have on your score will depend on your entire credit profile. For example, someone that had spotless credit and a very high FICO score could expect a huge drop in their score. On the other hand, someone with many negative items already listed on their credit report might only see a modest drop in their score. Another thing to note is that the more accounts included in the bankruptcy filing, the more of an impact on your score.
I hope this helps,
Howard Hanna Real Estate
It varies. Sometimes it happens right away and sometimes it happens months later. I can set up an auto notification that will notify you as soon as it is listed if that would help. Keep in mind however when it does become available that it could sell quickly. So you would want to be ready to go with your loan pre-approval and things.
Let me know if I can be of assistance.
Kevin Coffey, Realtor
Keller Williams Consultants Realty
In my shop the minimum waiting period where there was a foreclosure is 3 years from the date the property transferred, if you are trying to go FHA. But it isnâ€™t really as simple as that, it also requires re-establishing credit, meeting the minimum FHA scorecard, getting an approval from AUS, etc. It is a lot more complicated than anyone in my business makes it sound. Loan officers are sales people, we try to encourage. Just hook up with a Realtor you trust and them have them introduce you to the lender they trust the most and ask the LO for guidance. Working as a team will get you there ASAP. Good luck,... more
It is hard to predict what house prices and or interest rates will do this far out... I would think that home prices will still be low, but I'd hesitate to comment on interest rates. If you can purchase now, the timing is amazing on all fronts for Buyers. I hope this is of some help to you. And best of luck!
Consider working with an agent of your own who can help you locate suitable properties, provide any necessary information, showings, etc.; rent to own situation can be risky, and one could stand to lose a bit of money....... more