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Trenton : Real Estate Advice

  • All33
  • Local Info1
  • Home Buying15
  • Home Selling1
  • Market Conditions0

Activity 28
Tue Mar 12, 2013
Al Ayoub answered:
Quicken isn't bad but my question is "why a VA loan", there may be some cheaper options out there for you. VA has built in fees that are higher than most loans currently available. If your looking for a low downpayment then look at FHA or Homepath if you're buying a Fannie home. Also some lenders are doing conventional lending with lower downpayments, but you will have mortgage insurance added to your payment.
Al
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Sun Oct 28, 2012
Bob Schweiss answered:
i will be more than happy to work with you. You have not left much time . I f you contact me i can start the search today. Three bedroom one bath do you need a bath and garage, ranch or bungalow.
You should look to rent only, it is impossible to close a deal to purchase in three weeks and leasing to own is not a good option.

Bob Schweiss
Remerica Hometown One
(313)779-6188
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0 votes 1 answer Share Flag
Thu Sep 13, 2012
Ron Thomas answered:
Eight Days!

Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!
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Thu Jul 19, 2012
Annette Levinson answered:
Michelle,
There are 3 parts to a mortgage approval:
ability to pay -your income
willingness to pay -your credit score
collateral- the property
If you are missing any part you do not qualify for a mortgage. Go to your local non profit housing group for credit counseling. They will go over your credit with you and tell you what you have done wrong and what you should be doing. Listen to them and when your score is 640+ you will qualify for a mortgage. ... more
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Mon Mar 11, 2013
Haig Istamboulian answered:
Hello Amy,

I can give you a selection of four (4) great lenders to work with if you like. Email me and I will get those over to you quickly.

My contact information is listed below. I will look for your email.

Thank you,

HAIG
Elias Realty
(248) 379-6547
realtorhaig@aol.com
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0 votes 5 answers Share Flag
Tue Jun 5, 2012
Scott Williams (Preferred) answered:
Please check out my website for all listings... www.RentMeDownriver.com
It is updated twice a week. If you see something you like, please give me a call
0 votes 2 answers Share Flag
Sat Jun 2, 2012
Maureen Francis & Dmitry Koublitsky answered:
Esueta,

If you are staying in the same area, your agent who did your short sale can probably help you figure out where you are going next.
0 votes 1 answer Share Flag
Tue May 15, 2012
Scott Godzyk answered:
You will have to check your actual state law but i can tell you how we handle it in NH, security can only be kept towards repairs actually completed with a receipt for them. When they worte the landlord tenant laws short sales were probabily not around, but if you go back to what a landlord can keep it for, it has to be in one of those laws. Google landlord tenant laws for your state and look yo security deposits. good luck ... more
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Tue Feb 21, 2012
Brent Dorner answered:
Hi JJsole,

Although I'm not a lender, you need to put yourself in their shoes. If you default on the loan, they now own a home that not only needs a roof but may have additional damage because the home had a bad roof. If I was handing out hundreds of thousands of dollars I would want to make sure and reduce my risk.

Good Luck,
Brent
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Wed Oct 19, 2011
Bill asked:
0 votes 0 Answers Share Flag
Mon Mar 11, 2013
Karen Paytas answered:
Good Evening Crane:

I just ran a search on Realcomp and no listings came up with land contract terms in Trenton.

Good Luck,

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsource.com
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0 votes 3 answers Share Flag
Sat May 14, 2011
Gregorio Denny answered:
Everyone and anyone. Your best bet is to see a loan officer in your area and get a quote; there are far too many variables that go into arriving at a rate on an investment property to answer your question. Since everyone has the same rates, what you are actually looking for is the person that charges the least for the rate you want. To better understand you can read this blog: http://www.trulia.com/blog/gvd/2010/08/understanding_interest_rates ... more
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Wed Apr 13, 2011
Pam Bava answered:
Hi Philip,

If you don't see them on there you will have to contact an agent or your county offices.
0 votes 2 answers Share Flag
Mon Jan 2, 2012
Cathie Ferdon answered:
Showcase Homes, LLC has a land contract opportunity on a 2 or 3 bedroom condominium in Trenton, MI. Any interest in a condominium?
0 votes 1 answer Share Flag
Fri Jul 9, 2010
Michelle asked:
0 votes 0 Answers Share Flag
Fri Jul 9, 2010
Corey Grushin answered:
Andykula the usual requirement when you a commissioned worker is two years history of earning the required amount of money for the loan you seek. Since you don't have such your income at present will be zero and you co-signor will have to show enough income to carry both mortgages ... more
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Mon Apr 5, 2010
Scott Godzyk answered:
There may be some repercussion if it was a willfull error. Basically if teh bank accepted an offer on a price different from what you offered, you are back to the start so they can process teh new price. Depending on the difference in prices, if you want the hous ebad enough you bring your offer up unless you want to wait it out. The unfortanate thing is once a bank accepts an offer, they often will not accept anything lower. Your buyer agent should be guiding you through the process, soemone should have doubkle checked the paperwork before submitting, if you are going it alone you amy want to contact an attorney to review everything. good luck working things out ... more
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Sat Mar 13, 2010
The Maven answered:
Hi, Jvinny

Sorry you've found yourself here, but know that you're not alone and you're not hopeless....

I'm not sure about your particular bank, but that may not matter at all.

I may be able to offer up a little advice, but I have to first ask you a few questions...

1) How is your Debt-to-Income Ratio? Is it less than, or more than 50%?

2) How much are you upside down? Is at least 25%?

It sounds as if you are doing your due diligence to keep your home.

I don't want to make any assumptions here, so what were you hoping to acheive with your bank and your current situation?

Hope I can help you...Good Luck!


The Maven
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Tue Mar 9, 2010
Dovetale asked:
0 votes 0 Answers Share Flag
Thu Feb 11, 2010
Sam Bugeja answered:
Steve,
As the Buyer, you'd want to be represented by a Buyers Agent. The listing agent is already representing the Seller, and although it's OK to do both...do you really know who's getting the better service?
Sam
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