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Milwaukee : Real Estate Advice

  • All333
  • Local Info34
  • Home Buying122
  • Home Selling26
  • Market Conditions9

Activity 219
Sat Jan 12, 2013
Shane Milne answered:
Fannie Mae/Freddie Mac programs will go up to 85%, and Essent Guaranty Insurance will insure it with a 720 FICO score.

If it's a Fannie Mae HomePath property, then 90% financing is permitted if using HomePath financing.

Shane Milne | Lending in all 50 states | NMLS #81195
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0 votes 3 answers Share Flag
Thu Jan 3, 2013
Carl Henker answered:
There are no set guidelines as this type of financing is consider alternative to conventional lending which does follow standard guidelines. Most lenders will want to see from 30% equity to 50% equity depending on borrower, property and transaction. You will need to check with the investors for their individual requirements. ... more
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Wed Jan 2, 2013
Troy Miller answered:
That address is in Milwaukee's 4th district. They can provide detailed crime information for the area and can be reached at 414-935-7242. If you call during the day you should be able to connect with the Community Support officer.

Troy Miller
Total Realty LLC
414-333-3723
troymiller@totalrealty.com
... more
0 votes 2 answers Share Flag
Wed Jan 2, 2013
Mark Dallmann answered:
There are a couple of ways to find going rents in an area. Check Craig's List to see what landlords are asking for in the area or there is a formula some often use, Property Value / 10 / 12 months or $129900 / 10 / 12 = $1075 per month. ... more
0 votes 2 answers Share Flag
Tue Oct 8, 2013
Liz Apuli answered:
Hi,
Wauwatosa has a lot of older homes...often they didn't build 2 full baths. Many have been renovated though. You can find some though. If you're open to different areas, I would look at those areas and see where you can get the most house for your money. If you're not working with an agent, I'm happy to help. Please call, text or email. ... more
0 votes 10 answers Share Flag
Mon Dec 3, 2012
Liz Apuli answered:
You could contact Ben Kral at Kral Real Estate, Milwaukee. They may be able to help you or direct you to someone who could. Best of luck. It's great to have young, energetic college students. ... more
0 votes 2 answers Share Flag
Tue Apr 16, 2013
Mona Elmore answered:
Here is a great contact. Let me know if you need assistance in purchsing the home. Mona Elmore, www.MonaElmore.com, monaelmore@remax.net

Prospect Mortgage is:

· #1 HomePath Renovation Approved Lender

· 8th Largest Lender in the Country

· 3rd Largest FHA Purchase Lender

· 2nd Largest 203k Lender in the Nation – Banked Loan where we handle servicing & draws

· Largest REO Financer in the Nation



I am able to do

· Conventional

· FHA down to a 580 credit score

· FHA 203k Rehab down to a 620 credit score

· VA

· Rural Housing

· HomePath

· HomePath Renovation

· HomePath Investors up to 10 properties

· Homestyle (investor rehab loan)


RENOVATION LOANS ON AVERAGE CLOSE IN 45 DAYS!!!


Rates are more than competitive with the banks. We closed over $9 billion in Mortgage business ONLY last year. We don't have local branches with checking or savings depositories, we are a $3.5 billion dollar equities firm.


Thanks,

Mandy Fritsche, NMLS# 557211

Sales Manager - Wisconsin

Prospect Mortgage

262-327-5700 Cell, 877-868-9198 Fax

Mandy.fritsche@prospectmtg.com
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0 votes 10 answers Share Flag
Wed Nov 14, 2012
Troy Miller answered:
You should start by interviewing several agents to find a good fit. Its more the agent then the specific company that will service your listing/purchase. As in any business there are the workers and there are the slackers.

Finding a home should not be an issue as there is still ample inventory....selling is the harder part of the equation especially coming into the winter months which traditionally are slower.

If you have any specific real estate questions or would like to discuss further either selling or buying please feel free to contact me anytime.

Troy Miller
Total Realty LLC
414-333-3723
troymiller@totalrealty.com
www.totalrealty.com
... more
0 votes 2 answers Share Flag
Sat Jan 5, 2013
allan erps,ABR,SFR answered:
Yes you can... FHA loans can be had for total down payment of 3 1/2% down. Please look into it and best of luck!
0 votes 16 answers Share Flag
Sat Oct 27, 2012
Debra Cera Haut answered:
Hi Mike. I hear you're trying to contact a real estate agent. Where do you have an interest in Florida? Are you looking for an annual rental? How soon do you need it? Many questions to ask. Call me at 561-843-4553. Debra Cera Haut ... more
0 votes 7 answers Share Flag
Wed Jul 31, 2013
KerryAnn Douglas answered:
It appears you are 5 points away from possibly being able to obtain FHA financing. Have you spoken to anyone on how and the time frame needed to bring it up the 5 points? I can offer you a referral to a loan officer if you would like to see if they can lend on your current score or to aid in suggestions on bringing it up. Just click on my profile to contact me. (I can also help you sell your current property too.) ... more
0 votes 3 answers Share Flag
Mon Oct 8, 2012
Alison Hillman answered:
Hi there-

I would recommend investigating this topic through Trulia's Crome maps: http://www.trulia.com/real_estate/Union_City-New_Jersey/crime/

Stay safe!

Ali, Community Manager ... more
0 votes 1 answer Share Flag
Wed Sep 26, 2012
Linda S. Cefalu answered:
It could be a single family that was converted to a duplex. Sometimes a home can be either. If you email me with the address, I'll be happy to look it up for you with a further explanation.

Hope that helps.
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0 votes 2 answers Share Flag
Mon Jun 16, 2014
Derse Smith answered:
Which construction project are you referring to? If it's the top of the River Resnaissance bldg, that is a private penthouse resisdence.

Derse Smith
First Weber Group
414-698-3242
dsmith@firstweber.com
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0 votes 1 answer Share Flag
Thu Sep 6, 2012
None answered:
Any agent can handle a short sale for you. Not too many are willing to, however, because fo the hoops through which you have to jump to sell one.

Despite all of our training and licensing, being a REALTOR is a communication business and an agent that communicates with you regularly and answers your calls immediately is probably worth more in the long run than one with experience in short sales. ... more
0 votes 5 answers Share Flag
Mon Jun 3, 2013
Dominique Wilder answered:
We might be able to help you with a business loan instead of hard money. We don't do residential lending but are able to help current investment property owners or those that want to start investing. You're welcome to contact me anytime for more information.

Thank You,

Dominique Wilder
Universal Acceptance
559-375-2512
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0 votes 4 answers Share Flag
Thu Aug 2, 2012
Wisconsin Badger asked:
Mon Jul 30, 2012
Troy Miller answered:
B...short sales can be tricky to navigate. They do typically take longer than regular transactions and even straight foreclosures. Some questions to ask yourself:

1) How good of a deal is this short sale? Did your broker comp the area and show you what comparable homes are selling for?

2) Are you willing (and able) to spend the additional time working with both the bank and the seller?

3) How much do you really like this particular home?

Only you can decide whether or not short sales are for you.

Troy Miller, ABR, RNG
TOTAL Realty LLC
414-333-3723
troymiller@totalrealty.com
www.totalrealty.com
... more
0 votes 6 answers Share Flag
Tue Aug 7, 2012
Larry Hicks answered:
The average time homes should be on the market are 60 to 90 days. If longer than that buyer will think something's wrong with the property.


we are currently investing in the 53217 area. Call -Now !!!

262-385-3105
... more
0 votes 1 answer Share Flag
Fri Jul 27, 2012
KerryAnn Douglas answered:
I am a CDPE, but not fluent in Spanish. I do have access to a spanish speaking agent.
0 votes 4 answers Share Flag
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