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USA : Real Estate Advice

  • All162
  • Local Info20
  • Home Buying77
  • Home Selling17
  • Market Conditions6

Activity 93
Mon Apr 25, 2016
Shane Milne answered:
The form the lender asked you to complete was the IRS 4506t to verify that the IRS transcripts match up to the tax returns you've provided.

If you filed 2011's & 2012's, and they can be verified by the IRS, you should be fine... however the IRS just started accepting them at the end of January, so they may be a couple weeks away from being able to verify you filed yours.

Lenders just need to see the most recent 2 years of tax returns, so I could see why they may have initially were requesting 2010 & 2011, because they thought 2012's were filed yet, but if you tell them that 2012's were filed then they should be able to provide a new one that only verifies 2011 & 2012's.

If you need the IRS to expedite the processing of your tax returns you can contact the IRS Taxpayer Advocacy Service (TAS) at http://www.irs.gov/uac/Taxpayer-Advocate-Service-6 and let them know you are in the middle of buying a home and you need the tax returns to be processed ASAP. I've had my clients use that in the past and it cuts down on the time it takes to process... usually to around 3 weeks (so I guess it's in line to what the IRS is already telling you).

Alternatively you could go to your local IRS office and ask them to stamp a copy of your tax returns as the ones you've filed, not all lenders will accept that, but some will... so ask your lender if they'll accept those before you take the time to go to the IRS office.

Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans | 949-273-4161 direct
... more
0 votes 7 answers Share Flag
Thu Jul 25, 2013
Missy Hayes answered:
Please contact me and I will be happy to answer your question!
0 votes 1 answer Share Flag
Sat Dec 22, 2012
Ann Ryan answered:
They could, but why would they? There are plenty of qualified buyers now. What we actually need in this market is more sellers.
0 votes 2 answers Share Flag
Mon May 13, 2013
Shane Milne answered:
This was a rumor from an article written on Sept. 10th by Dan Green (link below) who doesn't cite the source of his information, and said it may be "within 75 days". It's now been over 90 days.

Dan's article: http://themortgagereports.com/11091/fha-may-waive-its-3-year-foreclosure-waiting-period

Shane Milne | Lending in all 50 states | NMLS #81195
... more
0 votes 3 answers Share Flag
Mon Dec 3, 2012
Rodney Mason answered:
For any tax advice, you would need to consult with a CPA or a Financial Advisor.
0 votes 2 answers Share Flag
Mon Feb 18, 2013
Patrice Smith answered:
Your fears are not unfounded. In order for her to issue a valid pre approval letter to your builder, it has to be based on your CURRENT credit status, not on what she thinks it will be in a few months. Work on your credit FIRST, get your scores where they need to be, and you will eliminate any unwanted surprises at the end. Your mortgage approval is not based on score only. You must also have a certain number of you ESTABLISHED trade lines as well. As a former mortgage banker of 16 years, there are too many variables to list for your credit requirements because they also vary depending on which particular program you will be utilizing for your financing needs. I would strongly suggest that you use a different lender, one that can be factual with you, not suggestive. Or, get a second or even third opinion on the matter......until you are comfortable with the person guiding and assisting you with your purchase. ... more
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Tue Dec 4, 2012
Scott Godzyk answered:
It should if it is found he knew, that he failed to send help and he said today, the orders came from him. The cover up grows. The cover up of the cover up grows. Will we ever get the truth? ... more
0 votes 3 answers Share Flag
Sat Nov 10, 2012
Rodney Mason answered:
All traditional mortgages (i.e. FHA, VA, USDA and Fannie Mae/Freddie Mac for Conventional) are going to require a certain citizenship status. You must be either a US Citizen, a Permanent Resident Alien, or a Non-Resident Alien. A Non-Resident Alien will require only certain Visa statuses and additional requirements.

You must have a verified 24 month employment history with 2 years of US filed Federal Income tax returns. A US credit history is also required. Anyone not meeting these definitions would likely be considered a Foreign National.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing
... more
0 votes 2 answers Share Flag
Thu Nov 8, 2012
Chad Gray answered:
Do you have a particular question we can help you with?
0 votes 1 answer Share Flag
Thu Nov 8, 2012
My NC Homes Team answered:
Not sure what your question is.
0 votes 3 answers Share Flag
Mon May 27, 2013
Peter Mohylsky answered:
You would have to satisfy the requirements of your local lender. There generally is no problem with non residents. Find a good local lender and get pre approved.
0 votes 4 answers Share Flag
Tue Jul 28, 2015
Jeffery Culp answered:
Yes of course, But always check with your local board of Realtor's If you have any questions about what a local agent may or may not do.
0 votes 7 answers Share Flag
Thu Oct 4, 2012
Peter Mohylsky answered:
Generally the buyer, but you need to check with a local title company. they offer free qualified advice.
0 votes 1 answer Share Flag
Wed Sep 26, 2012
Rev Mrs Kate Brain answered:
Hello,

I am Rev Mrs Kate Brain, i live in florida, United State, when we are building our church Auditorium, we ran out of cash and we are realy in need of getting $150,000 after we where being scammed by some fake idiots that called themself money lender not unit i met this God send International Lender who offer me a loan without credit check, no collateral, no cosigner with just 3% interest rate so i will advise you to contact them whosoever that need a loan. he is 100% fully guarantee. just contact them now via email: microinvestmentloanfinance@live.com

Good Luck,
Rev Mrs Kate Brain
... more
0 votes 1 answer Share Flag
Thu Oct 4, 2012
Peter Mohylsky answered:
According to the US Census Bureau Approx 75.4 million people in the United States own homes. This number might be low considering that some homes are titled in both names of the families. Were are you going with this question? ... more
0 votes 1 answer Share Flag
Thu Oct 8, 2015
KHALED-BHB answered:
You need SSN to buy a house in USA , and under your current status (B2), you are not eligible for the SSN.

Good Luck
0 votes 3 answers Share Flag
Wed Sep 26, 2012
Johnny Jordan answered:
If you have a SSN an have proof of income any mortgage company should be able to help you !
0 votes 2 answers Share Flag
Mon Jul 9, 2012
Rodney Mason answered:
L-1A and L-1B are both eligible Visa type for a Non-Permanent Resident Alien status for a mortgage loan.

You would have to contact a CPA or tax preparer for any tax related questions. No one else is qualified to give advice on that.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle Renovation | VA | USDA | GA Dream | Jumbo Financing
... more
0 votes 3 answers Share Flag
Tue May 29, 2012
Katie Beth Clark answered:
Tue Sep 3, 2013
Ann Ryan answered:
Purchasing a house does not give you the right to reside in the United States. Instead you may want to consider "Treaty Trader" visa status. Consult a immigration lawyer for better and more thorough advice. ... more
0 votes 4 answers Share Flag
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