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New Fairfield : Real Estate Advice

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  • Local Info0
  • Home Buying2
  • Home Selling0
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Activity 3
Tue May 29, 2012
Jacques Ambron answered:
If the lower level is below grade, it is not considered livable area, and there may not be a certificate of occupancy that includes it.
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Mon Feb 7, 2011
Sally Grenier answered:
Try contacting Trulia through the "help" link. Posting a question under the "Advice" section probably isn't going to get to the tech support folks. Also, keep in mind that this may have to do with your own company's MLS feed. You may want to contact your company's web/marketing people. Good luck. ... more
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Mon May 3, 2010
Don Fabrizio-Garcia answered:
A HUD listing is a home that had an FHA loan on it and has been foreclosed upon. Upon foreclosure, the lender deeds the home back to HUD, who then sells the home (HUD stands for the Department of Housing and Urban Development).

If a home is bank-owned, then the bank is selling the home as they have already foreclosed on the home and are now the owners. The banks utilize real estate agents to list and sell their homes.

Please keep in mind that foreclosure/bank-owned homes are typically sold as-is in their present condition. The bank will make no disclosures about the condition or even the livability of the home. Once your offer on a bank-owned home is accepted, you typically only have 30 days to close on the home, so be sure you are working with a lender who is able to turn around your financing quickly. Of course, you need to be pre-approved for financing before a bank - or any seller for that matter - will even consider your offer.

As an aside, I live in New Fairfield and love it here.
... more
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