Milwaukee : Real Estate Advice

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Kevin Olson,…, Real Estate Pro in Colorado Springs, CO
Kevin Olson, Jessica Laude answered:
Can a first-time home buyer obtain a FHA loan to purchase a property from a direct relative?
Yes, we have done it successfully several times. Wells Fargo has worked best for our situations.
0 votes Share Flag Tue Mar 8, 2011 Financing in Milwaukee
Colleen Pros…, Real Estate Pro in Germantown, WI
Colleen Prostek answered:
was 8244 N 37th st Brown Deer wis 53209 on the market? Is it going to be for sale soon?Thank you
It appears this property has gone to Sheriffs sale Jan. 2011 which means this home will eventually go on the market the process takes awhile so it could be months before you see a sign ... more
0 votes Share Flag Wed Feb 23, 2011 Foreclosure in 53209
Linda S. Cef…, Real Estate Pro in Franklin, WI
Linda S. Cefalu answered:
I want to express the importance of getting rid of clutter and the great photos to show online.
Great point Bernadette and I completely agree. The only problem is when you get a home that does not have much natural light regardless of how the sun is shining. Those become a real ... more
0 votes Share Flag Sun Feb 20, 2011 Home Selling in Milwaukee
Belinda Spil…, Real Estate Pro in Denver, CO
Belinda Spillman answered:
I live in Milwaukee,WI and I'm seriously thinking about starting a rental finder company. What are the steps in starting a venture like this one?
To start a property management company, you should get your real estate license first. There are many specific laws regarding security deposits and other aspects of property management ... more
0 votes Share Flag Thu Feb 3, 2011 How To... in Milwaukee
Bill Carey, Real Estate Pro in Charlotte, NC
Bill Carey answered:
How do I find a buyer agent who is experienced in obtaining homes with owner financing options, such as rent to own or land contract options?
Jenaleigh,

Your best bet is to rent until you can qualify to buy. Rent to own, lease purchase or rent to buy are all good deals for a seller but rarely workout for a buyer.

This ... more
0 votes Share Flag Mon Jan 24, 2011 Home Buying in Milwaukee
Troy Miller, Real Estate Pro in Milwaukee, WI
Troy Miller answered:
How do I find a buyer agent who is experienced in obtaining homes with owner financing options, such as rent to own or land contract options?
Jena,

With the market in the state it has been sellers have had to be creative in some instances to sell their homes. Over the past few years I've done numerous option to purch ... more
0 votes Share Flag Mon Jan 24, 2011 Home Buying in 53207
Joseph Finne…, Real Estate Pro in Bethlehem, PA
Joseph Finnerty answered:
Have an accepted Fannie Mae offer. Completed inspection. The furnance & electrical box must be replaced. Will Fannie Mae replace these/reduce?
Hello,

It never hurts to ask. Some of the banks (including Fannie Mae), even though selling the property as-is, will work with you on required repairs especially if it is a mortgage ... more
0 votes Share Flag Tue Apr 12, 2011 Home Buying in Milwaukee
Tony McMahon, Real Estate Pro in WHITE PLAINS, MD
Tony McMahon answered:
I have an FHA loan that was recently streamline refinanced we have lived there 4 years. Can I buy another home (conventional) and rent out this home?
You should review the new agreement that you just signed when you did the refi , and possibly do that with an attorney, to be safe.
0 votes Share Flag Mon Dec 24, 2012 Financing in Milwaukee
Linda S. Cef…, Real Estate Pro in Franklin, WI
Linda S. Cefalu answered:
Thank you for your replies, much appreciated. We were under the impression that if we had a Realtor showing us homes that they in turn received a fee.
Yes, Bernadette,

It would be in your best interest to have an agent who represent you as the buyer.
0 votes Share Flag Sat Aug 6, 2011 Home Buying in 53221
Chris Novak, Real Estate Pro in Brookfield, WI
Chris Novak answered:
Sold home in 2008 now looking to buy again, will be with a VA loan. Do not want to have to get a agent, can the bank be our agent as it was in 1998.?
Why would you not want an agent?? Having a buyers agent to work with can save you a lot of time and it should not cost the buyers anything. In all my transactions working with home buy ... more
0 votes Share Flag Tue Jan 11, 2011 Home Buying in 53221
Michael Emery,  in Minneapolis, MN
Michael Emery answered:
do i get 1099'd if the amount I owe is more than the foreclosed amount. I live in Wisconsin and it is my primary residence.
Yes, you will most likely receive a 1099 in that situation. However the mortgage forgiveness debt relief act of 2007 will most likely ensure that you will not owe taxes on the amount sh ... more
0 votes Share Flag Wed Jan 12, 2011 Foreclosure in 53211
Daniel Alvar…, Real Estate Pro in Weehawken, NJ
Daniel Alvarez answered:
I cannot get pre approved for a mortgage. I have a 610 FICO, but I already have an FHA. Can I get a loan and keep my current home for rental property?
Hi Monique,

You have two problems here: 1) FHA will not approve you if you already own a home; and 2) You say you have more than 2 late payments, which will make it hard to even qual ... more
0 votes Share Flag Fri Dec 10, 2010 Financing in Milwaukee
Linda S. Cef…, Real Estate Pro in Franklin, WI
Linda S. Cefalu answered:
Is there something like a Better Business Burea regarding realtors?
Dear Hawkman,

It may not be that these agents are lazy but rather cautious. Unless I have a receipt in hand with the date, property address and name of contractor, I do not give ou ... more
0 votes Share Flag Sun Jul 24, 2011 Home Buying in 53213
Brian French, Real Estate Pro in Beaver Dam, WI
Brian French answered:
WHAT DOES TRANSFER VALUE MEAN?
Need a little more information on this. Where are you seeing this term....maybe on the tax bill? Then this would represent the sale price (in thousands) multiplied by $3
0 votes Share Flag Tue Nov 30, 2010 Foreclosure in 53206
Mark Fitzger…, Real Estate Pro in Bonaire, GA
Mark Fitzgerald answered:
When purchasing from a tax deed sale auction does it have a title clean and clear?
No, there may very well be other issues. It varies from property to property.
0 votes Share Flag Mon Jun 3, 2013 Home Buying in 53210
Kathy Weber, Real Estate Pro in Temecula, CA
Kathy Weber answered:
1. What are the demographics?2. What is the crime rate in Graceland?
Michael,

Click on "Stats & Trends" on the Trulia tool bar. It will give you all types of information on the area.

Good luck!
0 votes Share Flag Wed Oct 27, 2010 In My Neighborhood in Graceland
Patrick Thies, Real Estate Pro in Anytown, IL
Patrick Thies answered:
can you collect rent on a closed mortgage?
You may need to clarify your question. Not exactly sure what you are asking here. If you mean can a landlord continue to collect rent from a tenant on a foreclosure or paid loan, the ... more
0 votes Share Flag Tue Oct 12, 2010 Rent vs Buy in Milwaukee
Fran Rokicki, Real Estate Pro in BOLTON, CT
Fran Rokicki answered:
I'd like to purcharse a rent to own home, who can assist me, can any realtor?
Yes, call a local Realtor to assist you, If you have a friend or family member, who has used a Realtor in their home purchase, ask them for the Realtor's name. Having an agent re ... more
0 votes Share Flag Sun Sep 26, 2010 Home Buying in 53211
Paul Spoerl, Real Estate Pro in Appleton, WI
Paul Spoerl answered:
53210 zip code, decent area?
Click on my website below to get lots of information. Compare the different zip codes to find out if the loctation is right for you.
0 votes Share Flag Mon Sep 13, 2010 Home Buying in Milwaukee
Jayne Vaughan, Real Estate Pro in Clarks Summit, PA
Jayne Vaughan answered:
What is the one thing you (the buyer) would tell the seller to do to make their home shine over everyone elses?
Debby

I would tell them to get rid of all the clutter and extra stuff. Buyers like to be able to walk around a room to imagine their things there.

Good Luck

Jayne Vaughan
0 votes Share Flag Wed Oct 6, 2010 Home Buying in Milwaukee
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