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Ottawa : Real Estate Advice

  • All26
  • Local Info3
  • Home Buying11
  • Home Selling0
  • Market Conditions0

Activity 8
Fri Aug 12, 2016
Phil Makarewicz answered:
USDA is a very common type of lending in this area, almost all first time buyers are going with 100% financing such as USDA or FHA. Their inspections require a lot of basics such GFCI outlets in kitchens and bathrooms, is there any peeling paint, is there a sign of a problems that might cost the buyer money in the near future ? Depending on what kind of condition your home is the deciding factor if it will pass USDA. Personally I'm able to tell if a house will pass just by walking through it, but that's because I used to be a contractor. You can also call the USDA office in Ottawa and get the guidelines you might going up against. I hope this helps. ... more
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Wed Jun 10, 2015
Scott Godzyk answered:
Get licensed, get insured and then contact the leading local listing agents who handlethe preservation tasks. offer freeestimates, a good price, do good work and they will hire you back. There are national compoanies that may have even more work, but wiull pay less and have much more strict rules that you must follow, but it is steady work. ... more
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Tue Jul 31, 2012
Nazma_wardak asked:
how much is fire and flood insurance in canada,ottawa and which insurer is great to contact?
0 votes 0 Answers Share Flag
Tue Jun 26, 2012
Alice Green answered:
We have a lot of distressed properties in our area. I would be glad to send you some searches with properties in our area. Let me know more criteria via an email or phone call and we can start there. My email is or go to my website, or phone me at 815-488-9712. ... more
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Tue Nov 26, 2013
Linda Lanpier answered:
I have a 3 bed, 1 car attached property in Ottawa for rent on south side near McKinley school for $1150 mo. 2 1/2 baths, finished basement. Large lot next to park. New siding, roof, furnace and a/c.
If interested, contact me at 630 418 2137.
... more
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Tue Jun 26, 2012
Alice Green answered:
He needs to call the lender, identify which type of loan it is and talk to them about a short sale process. This is better than foreclosure, it does affect your credit, but in the long run offers you the option to buy down the road sooner than foreclosure. I do not live in Michigan, but most banks have similar requirements. Good luck. ... more
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Wed Apr 20, 2011
Chris Mabry SRS,e-PRO answered:
I'm sorry for your troubles. Is Wells Fargo telling you that the home has to be listed for 3 months in order to qualify for a short sale? If so, that just doesn't sound right to me. A short sale will have some negative effect on your credit, but you no longer will be responsible for taxes on the difference. Previously, this could have been taxed as income, but new laws have changed that. The fact that you are on a 15 year mortgage explains why the rent will not cover the payment. Talk to Wells Fargo about a loan modification. Typically speaking, the house must be your primary residence in order to qualify for this, but you can be sure that Wells doesn't want you to foreclose. They just want that monthly payment from you. Talk to them about getting back on a 30 year payment and that should really help. Then, hopefully you can hang on until the market gets better and you can sell the house. If you still have good credit and a steady income, Wells Fargo may be able to refinance you again if the loan mod isn't an option. Hang in there. I hope things get better for you and your family. Good luck! ... more
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Sat Nov 15, 2008
Glenn Still answered:
This system is not set up to contact the owner of a home or the listing agent. If you want to get an answer to that question you will need to contact the listing agent and ask.

Most people that have their homes up on the market are unable to move until they get the equity out of their house- so renting is out of the question for them. This particular house could be an exception. ... more
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