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Littlerock : Real Estate Advice

  • All14
  • Local Info0
  • Home Buying2
  • Home Selling1
  • Market Conditions1

Activity 7
Sat Apr 21, 2012
Laura Coffey answered:
I would check out Also I would look at Megan's Law type web-sites. Also ask the local law enforcement.
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Mon Aug 15, 2011
Misskaren08 asked:
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Sun Mar 21, 2010
Bill Eckler answered:
If banks are smart(????) they will avoid flooding the market and driving prices down. A better approach could be the "trickle effect" which results in small numbers of REO9;s being released over a long period of time, thus minimizing the negative impact on the market and economy.

The reality is...there is a log jamb that will eventually be released and the time is getting closer.
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Thu Jul 5, 2012
Carlos Rivera answered:
If the deal is that good, you might be able to find a hard money lender to finance the purchase, but the challenge will be getting a refi loan to repay the purchase loan (seasoning &; credit issues). If the property was yours, most investors will probably will leave it alone - "lease options" aren't something that most investors do out here. But good luck either way. ... more
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Sat Oct 31, 2009
Sherry Ferfes answered:
The first step should be to contact your Realtor and see if they can help you.

Century 21 Doug Anderson
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Sun Mar 21, 2010
Karen Miller answered:

This question needs to be answered by a good mortgage provider. I do not know of any current programs that offer 100% financing, but these programs change all the time. Please contact me if you'd like a good lender referral.

Karen Miller
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Mon Jul 29, 2013
CJ Brasiel answered:
Renan -

Bank owned properties typically take longer to process through a sale because there are many layers of approval. Because there is an influx of REO properties on the market, many REO departments are overwhelmed with contracts. There are some deals to be had with these types of properties but consult with a REO Realtor expert to understand the nuances of buying one of these homes.

The property is normally sold AS IS meaning that any repairs will be passed on to you as a buyer. It is also important to have an appraisal and confirmation of clear title on the property. If you believe the house is the right deal it may very well be worth paying the home inspection fee to know about any repairs up front. This is the cost of jumping into the REO market but can also prove to be a great deal compared to the up front costs.

Good Luck,
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