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McDonough : Real Estate Advice

  • All239
  • Local Info27
  • Home Buying50
  • Home Selling4
  • Market Conditions7

Activity 96
Sun Sep 1, 2013
Michael Cheng answered:
Are you asking if you qualify to buy or to get a loan? Most likely, you wouldn't qualify for the latter.
0 votes 8 answers Share Flag
Wed Apr 3, 2013
Henry Rose answered:
That is a tough question relative to a $650.00 per month range. It would depend on the specific sub-division or community.
0 votes 2 answers Share Flag
Thu Mar 28, 2013
Keith Jean-Pierre answered:
I would suggest you try the usual places like Zillow, Trulia, Realtor.com, Craigslist, & Apartments.com

Good luck with your search!
0 votes 2 answers Share Flag
Thu Mar 21, 2013
Stevensgloria56 answered:
I have a 5 bdrm 3 1/2 bath home with a finished basement. One of the bedrooms and a full bath is located in the basement. Income verification, and rental history would be necessary for consideration. I can be contacted at (678) 565-3282. Gloria Stevens ... more
0 votes 1 answer Share Flag
Wed Mar 6, 2013
Rayonnap asked:
I am looking to pay no more than $900-$950 a month. Schools are a big issue for me as I have 2 children that I am trying to get out of a bad school at this time. Any help will be grea...
0 votes 0 Answers Share Flag
Fri Feb 15, 2013
Lee Taylor answered:
Yes, indeed we do.

I told somebody today that I think metro inventory will double in a few months then shrink again next winter. Get used to it.
0 votes 1 answer Share Flag
Mon Feb 11, 2013
daisyangel575 answered:
southwinds stockbridge, great place, are schools an issue?
0 votes 1 answer Share Flag
Sun Sep 8, 2013
Alison Hillman answered:
Hi there-

Take a look at the available listings here on Trulia: http://www.trulia.com/for_rent/30252_zip/#for_rent/30252_zip/3p_beds/

Hope this helps,
Ali, Community Manager
0 votes 4 answers Share Flag
Mon Dec 24, 2012
Tim Brown answered:
pdhall,

It should not affect you if the following are true:
1. You have either paid it off prior to purchase or have reached a payment schedule for repaying the debt with the IRS. If you have created a payment schedule, you will need to have done so at least 3 months in advance of the home purchase to demonstrate you are paying the debt as promised.
2. Adding the lien repayment to your debt load would still enable you to qualify from a debt to income perspective.
3. The tax lien has not lowered your credit score below the minimum threshold (usually 620) for qualifying for a mortgage.

I hope this helps.

Timothy Brown
LPO Manager | Evolve Bank & Trust
11605 Haynes Bridge Road Suite 125| Alpharetta, GA 30009
tbrown@getevolved.com
678.468.5626 x110 | fax 678.935.1156 | cell 678.467.9959
NMLS#: 168281
... more
0 votes 4 answers Share Flag
Sat Jan 12, 2013
April Williams answered:
Hi

I'm not sure if you've found a rental yet, but I am very familiar with this area and can help you. Please give me a call at your convenience so I may assist you. 678-548-9339
0 votes 2 answers Share Flag
Thu Dec 20, 2012
April Williams answered:
Hi Yomi,
Hartsfield-Jackson Atlanta International Airport is anywhere from 25-40 minutes depending on your location in McDonough, and there are multiple taxi and shuttle services available to the airport. Please let me know if you have other questions. April, 678-548-9339 ... more
0 votes 1 answer Share Flag
Tue Dec 4, 2012
Rodney Mason answered:
I do not suggest doing lease purchases. There are simply way too many things that can go wrong with one from either side.

In order to do true owner financing, the owner must own the property free and clear of any mortgages. Very few sellers are going to be in that position.

If the property currently has a mortgage on it, the owner cannot legally transfer the title to a buyer without the mortgage first being paid in full. Most all mortgage loans have a due on sale clause. This due on sale clause requires that the mortgage be paid in full should a title transfer occur.

The buyer is also at great risk on a lease purchase transaction should the seller quit making their mortgage payments. Right now, many sellers cannot afford to make their mortgage payments or simply chose not to continue making them. I have seen where the buyer is making their rent payment, but then the owner is not paying the mortgage. The next thing the buyer knows is that the home is in foreclosure. That means the buyer will generally not get back any of the money they have given as earnest money or security deposits.

It is also a big risk on the buyer. If your credit is not where it needs to be now, there is no possible way of you knowing it will be acceptable in a set amount of time.

Before entering into any type of agreement like that, the buyer needs to make sure that they fully understand the potential pitfalls that could arise. Should the seller default on the mortgage, the buyer could lose ALL of the money that they have invested. Until you are able to purchase, renting is generally the safer option.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing
... more
0 votes 2 answers Share Flag
Mon Nov 12, 2012
Sonja Tani answered:
HI RONMELINDA,
I HAVE A WONDERFUL HOME LOCATED IN JACKSON, GA BECOMING AVAILABLE IN DECEMBER. IT HAS THREE BEDROOMS ON THE MAIN LEVEL AND ACOMPLETE SUITE ON THE LOWER LEVEL WITH A FULL BATH AND SEPARATE ENTRANCE IT SITS ON THREE ACRES IN AN UPSCALE DEVELOPMENT. IT IS CONVENIENT TO I-75 AMD BUILT IN 2006. IT WILL RENT FOR $1,075. IT IS AVAILABLE TO SHOW IMEDIATELY.
PLEASE CONTACT ME BY USING THE "COMTACT" UNDER MY PICTURE. LOOKING FORWARD TO HEARING FROM YOU.
... more
0 votes 2 answers Share Flag
Thu Nov 8, 2012
Maria Gilda Racelis answered:
Your question could be best answered by a loan officer. There are factors to be considered before you can be approved for a loan. A credit score is just one of them. Your debt-to-income ratio is one more big factor; employment; etc.

Good Luck
... more
0 votes 3 answers Share Flag
Mon Oct 22, 2012
Kallai Casey answered:
Hi my name is Kallai Casey! I am a local Real Estate Salesperson and would like to speak with you about how to build good residential payment history. My number is 770.616.8240
0 votes 3 answers Share Flag
Sat Oct 13, 2012
William Berry answered:
Well there are alot of rent to own properties out there but a rto is set up for the renter to loose. So the best thing to do is to find something that you really like . Pay rent for something that you really like and get you credit straight , because it is alot of deals out there where you can get a house for atleast $.50 to $.60 on a dollar. when you rent you leave all the responsibility on the owner , you can break a lease but not a mortgage. there is no plan b for a mortgage. If you fall on hard times in a rto they will keep everything you put into the property and tell you to leave. so i hope answered you question. ... more
0 votes 5 answers Share Flag
Mon Dec 24, 2012
Tami Manross answered:
I understand your frustration and I would be more than happy to assist you in your search for a home. Please give me a call to discuss. 404-790-0760
0 votes 11 answers Share Flag
Sun Sep 30, 2012
Kaylane Peters-Davis answered:
Hi Johnathan I can help you find a property for rent give me a call... Kaylane Peters. Keller Williams Realty Metro Atl. Licensed in Ga. & La. 504-373-9696 ... more
0 votes 1 answer Share Flag
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