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Mobile County : Real Estate Advice

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  • Local Info0
  • Home Buying6
  • Home Selling1
  • Market Conditions1

Activity 208
Sat Dec 10, 2011
Lilkeshon Major asked:
Thu Dec 1, 2011
Ron Thomas answered:
As long as the Agent DISCLOSED it, there is nothing illegal about that.
You must have given him permission to act as a Dual Agent.

Good luck and may God bless
0 votes 4 answers Share Flag
Wed Nov 30, 2011
Sarah Goulart Nathe answered:
I have to be honest here, I would be very surprised if there is anywhere that exists that type of a market. I'd love to be proven wrong, but even in a good rental market, I can�39;t imagine a home of about $130K garnering $1800 a month in rent.

But, should someone respond with one, I may be buying one too!

Good luck in your search, the rental market is hot right now for sure.
... more
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Sat Nov 19, 2011
Parrish Walker answered:
Every foreclosure in Alabama has a one year right of redemption, which begins at the date of foreclosure. The only way to avoid it is to purchase a foreclosure for which the rights have already expired. Another alternative is to focus on short sales. That is a distressed sale, like a foreclosure, but the homeowner is trying to avoid foreclosure by selling it for less than what he/she owes before it is foreclosed. If you purchase a short sale, you don't have to worry about rights of redemption at all.

I'd be happy to help you find a great home and answer any further questions you have. You can reach me at (251) 459-4764 or parrish@therealtyninja.com or www.facebook.com/propertyspecialist.
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Mon Nov 14, 2011
Jolie Muss answered:
Lillie , looks like you question was truncated. Here in NYC contracts are usually prepared by experienced real estate attorneys who are the ones to perform "due diligence" in reviewing the contract, inspecting the building' s financials, board minutes and all other pertinent matters. As an exclusive buyer's agent/ broker I am required to use due diligence to perform my fiduciary duty to protect and advise my buyers/ clients -The listing/selling agent is required to use due dilgence to perform their fiduciary duty to protect and advise their sellers/customers. ... more
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Sat Nov 5, 2011
Jim Simms answered:
It depends Denise, there are some lenders that say they will go to a 580 credit score on an FHA, but that only works if you meet the minimum scorecard. A credit score of 650 may not pass the minimum threshold as well. Many think credit score is the only issue, it isn’t that simple. However, the higher your score the more likely the system will approve your application.

You may have people suggest credit repair. Just be careful, building or rebuilding credit is fine, disputing everything is a crime. I linked to my blog which contains more on this topic.
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0 votes 6 answers Share Flag
Thu Sep 27, 2012
Anna M Brocco answered:
It's possible if the homebuyer qualifies; therefore he needs to visit with any loan officer, after reviewing his overall financials, credit, debt, income, etc. a determination on qualification, the type of loan etc., can be made; be aware that a mortgage pre-approval letter is required in order to determine price range and for any offers to be taken seriously. ... more
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Wed Sep 21, 2011
Michael Morrow asked:
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Wed Oct 12, 2011
Annette Lawrence answered:
That's tricky.
Responding to such a question in this manner would be appropriate:
"Westchase, as reported by TBO Magazine, is popular with many young professionals due to it's close proximity to the Neilson complex which is home to many high tech companies employing over 8,000 workers. The pedestrian trail connecting the park to the community is viewed as a huge asset in addition to the courtyard community gathering for those after hours events.'

"Ybor, a downtown Tamp, historic community, has long been an area favorite with great restaurants, entertainment and arts. Fortune magazine reports one of the 50 fastest growing high tech companies in the nation is located there."

Injecting personal opinion my be problematic. The general public is unaware of the restrictions imposed on real estate professional in regards to commenting or good, best or safe neighborhoods.

Annette Lawrence
ReMax Realtec Group
Palm Harbor, FL
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0 votes 13 answers Share Flag
Wed Aug 10, 2011
Sarahmarie asked:
0 votes 0 Answers Share Flag
Sun Aug 7, 2011
Scott Godzyk answered:
You can certainly purchase a property if you have the cash or quailified for the mortgage. A real estate attorney can outline what if any tax implication there will be.
0 votes 2 answers Share Flag
Fri Aug 29, 2014
Cindy Stacey answered:
Talk to everyone you know. "Who do" them. Ask them, "Who do you know that is interested in buying real estate." You can advertise, but real estate has always been a people business. People do business with people they know and trust. ... more
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Fri Jul 29, 2011
Mack McCoy answered:
No, Toni, it was always going to be that difficult.

For those readers who don't understand, a short sale, by definition, requires the approval of the seller's lender to accept a lower payoff than they're due. So if they owe $200,000 and the sale would only pay off $175,000 of that, the lender would have to agree to accept that, remove their lien from the property, and allow new buyers to start over.

Of course, you can have a situation where the seller owes more than they're going to net, but they can afford to write a check to pay it off, much like you might do when you trade-in a car.

All the best,
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0 votes 9 answers Share Flag
Mon Jul 9, 2012
Amanda Williams answered:
Below are some resources to answer your question. Depending on your question you might also want to consult a tax accountant.

Vivian G. Johnston, Jr. is a tax attorney with Hand Arendall and I have always been pleased with Hand Arendall.
1 N Water St # 30290, Mobile - (251) 694-6230

A good tax accountant is JD Baxter for Real Estate

Crane Title has a real estate attorney on staff
... more
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Wed Jun 15, 2011
Vishalpriya asked:
0 votes 0 Answers Share Flag
Mon May 23, 2011
Ron Thomas answered:
Sun May 22, 2011
George Raymondo answered:
There are several land mines waiting for a prospective home-buyers out there. But that's why you need to work with a skilled professional Real Estate Agent and Lender. It is our jobs to steer you clear of the land mines so you don't get blown out of escrow or your closing. Hopefully you already got your loan pre-approved by a lender. Not by just a phone call, but legitimately had an application taken, had your credit run, and the lender actually reviewed your income documentation. I can't tell how often we loan officers (good ones) have to step in at the 11th hour and try to save a deal because someone didn't do their job right by asking detailed questions. A common occurrence is when you tell your loan officer what you make but neglect to them you filed a Schedule A (Itemized Deductions) on your 1040s by claiming a huge amount in non-reimbursed expenses. That's a real deal killer! But providing your lender did what they should have done, you'll be fine. Don't charge anymore on credit cards, pay your bills on time, work your normal schedule work week and do exactly what your lender tells you to do and you'll be fine.

Best of Luck!

George Raymondo
Nationwide Mortgage Banker
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Sun Sep 1, 2013
Samantha Alspaugh answered:
Alabama Power does and apparently if the utilities have been off for more than 6 months the city must inspect before they will come turn it on...the things you learn! ughh!
0 votes 1 answer Share Flag
Thu Apr 14, 2011
Dallas Texas answered:
Following could assist you ;

City
Your Buyers Agent
Property Owner
Listing Agent

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
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