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Upper Marlboro : Real Estate Advice

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  • Home Buying44
  • Home Selling5
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Activity 78
Wed Mar 15, 2017
brent mendelson answered:
I do not believe so without it being clear. I take it the short sale was on another home?
Good luck though.

Thanks,
Brent Mendelson
1st Mariner Mortgage
nmls #111407
0 votes 5 answers Share Flag
Sun Mar 17, 2013
Ariana Loucas answered:
Dear JWilkinson,
You ask a question we hear often. I wrote a post to answer that very concern. It's pasted below. Feel free to also browse my site for other helpful FAQ topics: www.FindHousesDCMetro.com
Researching an area to move is probably the first thing you as home buyers do when wanting to move. The research often begins with the houses, and prices. If you like the homes for the price, then many buyers make searching community amenities and perhaps schools next.

Now comes the time to have the REALTOR take you out and tour the homes researched. Wondering if your research has been accurate you ask the agent “How is this area?” At which point you should imagine hearing the sounds of a mack truck’s screeching breaks trying to stop before hitting the itty bitty car in front of them. What I mean by this is did you know that it is a violation for us REALTORS to comment on any neighborhood, community, city, region, or even schools. That’s right. We could be accused of trying to “steer” certain people into certain neighborhoods by answering questions like “What are the demographics here?” Or “What is the crime rate here?”

To find these answers call the local police department. Google the local crime reports, which often will populate by entering an address alone. Drive the areas at different times and include early morning trips to gain an idea of traffic to and from your office if you’d be in rush hour traffic. I had a client rent a hotel room one night near the house she was considering to get a feel for the community and commute to work. She shopped the nearby malls, ate at an area restaurant, walked the local park, and left the hotel for work in the morning. What a great idea to get hands on research.

Do your own investigating and ask neighbors in the community. With the Internet, everything you’d want to know is at your fingertips from community reports, school report cards, US Census reports, employment / employers and more. Just remember, you shouldn’t seek this information from a licensed Real Estate Professional. A home purchase is a big investment lasting years. Do your homework in advance.

Regards,
Ariana Loucas RE/MAX
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0 votes 6 answers Share Flag
Wed Feb 27, 2013
Catherine Purcell answered:
Hello CD Brown,

For most loans, mold must be remediated before the lender will approve financing on the home. Mold remediation can be costly and sometimes the cost to remediate would be over and above the value of the home. Call a certified mold remediation company and find out what they would cost to estimate the damage.

Trying to sell a property with severe mold would be difficult as anyone coming in with government financing such as FHA, VA or USDA will not be able to qualify for the loan until the mold remediation has been completed...thus, this limits the bidders on your property to those with Conventional financing that does not require mold remediation to be completed or cash purchasers.

Renovation loans, such as the FHA 203k allow for mold remediation to be included in the new purchaser's financing, however, if the expense of repairing the property is greater than the value of the home after improvements, the loan will not go through. Many loans are killed because the damage to the property is so great that the cost to improve exceeds the marketable value of the home.

Sincerely,

Catherine Purcell
Senior Mortgage Loan Officer
Fairway Independent Mortgage Corporation
cell 202 573-6035
catherinep@fairwaymc.com

> MLO# 194172 FIMC NMLS# 2289
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0 votes 9 answers Share Flag
Tue Dec 31, 2013
Ariana Loucas answered:
Dear Kongdc28,
That's a good question. There is a county disclosure you sign when you are within 1 mile of an airport. You may do best by asking neighbors in the community or even at the local grocery store. Please don't hesitate to contact me directly if you have any further needs or questions.
Regards,
Ariana Loucas RE/MAX
... more
0 votes 9 answers Share Flag
Mon Jul 25, 2016
Michael Paige answered:
The process to get a short sale approved can be a long one. There are a number of players involved. For one you have the bank, who works for the investor and if you have mortgage insurance you have to deal with them also. To make it even more complicated, if you have a 2nd mortgage or line of credit, you have to deal with them too. Because of some people you have to deal with and the process by which each department has set forth that could stretch the approval time out over several months. ... more
0 votes 11 answers Share Flag
Thu Jan 31, 2013
Michael Paige answered:
Hi Joseph, February 3, takes you into a new month and you could be liable to pay February's rent. January, 31 is the end of the rent cycle for January that why they asked you to move by that date. Unless you had a provision in the lease agreement as it relates to tenants making repairs, the landlord does not have to give you your money back. Remember only what is in writing is what the legal system goes by. ... more
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Wed Jan 30, 2013
Greg Myers answered:
If you short saled your primary residence FHA requires you to wait 3 years UNLESS your short sale was a result of job loss or relocation by your employer. You will have to document the reason for your short sale from 2011 and be able to produce your document submission to the short sale bank.

You will need to consult with a lender for specific FHA guidelines to your exemption.

Greg Myers
RE/MAX Realty Group
... more
0 votes 4 answers Share Flag
Tue Dec 31, 2013
Akil Walker answered:
Hi Vslumpkins,


Typically, it is a minimum of 640 now with a few exceptions. if you are interested in some homes or qualifying give me a call.
0 votes 9 answers Share Flag
Wed Dec 5, 2012
Anna M Brocco answered:
0 votes 6 answers Share Flag
Sun Nov 25, 2012
Suzanna Woodhead answered:
I'm not sure what you are asking. Could you be more specific?
0 votes 2 answers Share Flag
Sat Feb 23, 2013
Robert McArtor answered:
Is your home currently listed with an agent? If not, I would be more than happy to email you a detailed Sellers Comparable Report by email as a PDF file. Just email me your contact information through my website. http://www.MarylandHOMESTeam.com/ ... more
0 votes 6 answers Share Flag
Thu Jan 17, 2013
Mary C Stokely answered:
I would encourage you to go on-line and check both the Prince George's County Police Crime Report site and the Prince George's County Sheriff's Department site. There are also available sites for sex offenders.

Although all of us want to feel safe in our homes and neighborhoods, I have always felt that safety is very subjective. I think you have to gather unbiased information and decide for yourself and your family what is "bad."

Good luck.
... more
0 votes 6 answers Share Flag
Thu Jan 17, 2013
Yvette Marie answered:
Hello Ejvieth,

You will have to look into the crime statistics at www.city-data.com which can provide you all the information you need on any crime in the area. Real estate agents are bound by Code of Ethics which doesn't allow us to give crime statistics.

Feel free to contact me if you have further questions - I would be more than happy to assist you.
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0 votes 4 answers Share Flag
Sun Sep 16, 2012
Tracey Simms answered:
Baltimore county savings bank..I did one last year.
0 votes 2 answers Share Flag
Fri Feb 1, 2013
Kathy Hutchins answered:
You need to get a real estate attorney- take them a copy of your contract and they will advise you on what recourse you have- you can find one in Upper Marlboro since that is the county seat for PG County. ... more
0 votes 8 answers Share Flag
Wed Aug 22, 2012
Tony McMahon answered:
Realtor's are not permitted to discuss how safe, or good, or bad a neighborhood is , but you can contact the local law enforcement who can and will advise you on such matters. Trulia actually has information on these matters as well, when you click on a property and scroll down the page you will see links to information that you may find helpful. ... more
0 votes 1 answer Share Flag
Mon Jul 16, 2012
Gilbert Poudrier answered:
Find a place to rent. Work on your credit. Buy a home when you can get traditional financing.
0 votes 4 answers Share Flag
Thu Dec 6, 2012
Kathy Hutchins answered:
Check the crime with the police department- they can advise you on these matters since they deal with this on a day to day basis. Are you looking to buy or rent in Upper marlboro? I can help you with both in Uper Marlboro. I have been in the business 37 years and am an expert in the Upper Marlboro area! Call me at 301-785-1995l ... more
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