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Home Selling in Wayne County : Real Estate Advice

  • All21
  • Local Info1
  • Home Buying12
  • Home Selling2
  • Market Conditions2

Activity 178
Tue Mar 26, 2013
Melinda J. Robison answered:
It generally takes about a week any more to hear back from the appraiser. The lender has to contact an appraisal management company, who hires an appraiser, then appraiser gets the appraisal back to the management company who runs it through quality control. Then it gets sent over to your lender. So it is quite a process and that is why it takes approximately a week.

Then I would talk to your lender, each one is different. This usually goes through the banks underwriter and then off to more underwriting, then back to your bank. So it could take another three weeks ish after the appraisal is completed. Remember that it is a temporary wait for a home you will love for a long time.

I hope this information helps! Best Wishes!
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Wed Aug 14, 2013
Penny Bradley answered:
please contact me at 586 663-3433
thank you
Penny Bradley
0 votes 6 answers Share Flag
Mon Apr 1, 2013
Andy Hargreaves (Team Lead) answered:
Ideally, you'll select a buyer agent who will represent you fully during your purchase experience.
You want to find an agent who is quick on reply, gives great information and is an asset to you. This person will represent you first on your behalf, not the seller.

Occasionally, you'll find a home with your buyer agent that they may be the listing agent on also -- that is a dual agency situation.

Many buyers feel that they can "get a better deal" by calling the listing agent -- and this is false. Commissions are pre-negotiated, and if you call the listing agent, their first responsibility is to the seller, not to you.

If you want to learn more or have questions, please feel free to check out my website below or give me a call. I have many references I can share :)

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Wed Nov 29, 2017
Claire-Anne Aikman answered:
I find them entertaining. I know of a one person that ever did this - a friends neighbor. They bought the home but the sellers were desperate and sold it for below market value. I guess it all depends on level of motivation ... more
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Mon May 6, 2013
Hussein Saad answered:
Call me 313-2823600 I will help you my name is Sam if I don't answer leave a vm
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Wed Aug 14, 2013
Jeremy Alexander answered:
It sold for 90,634 at the sherif sale.

Jeremy Alexander
Front page realty
313 877 9020
0 votes 2 answers Share Flag
Wed Feb 10, 2016
Joe Bertera answered:
I might be able to do 5% commission. Please give me a call tomorrow or email me to discuss options.


Joe Bertera
Remerica Hometown One
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Thu Nov 8, 2012
Alphonso Royan answered:
Hello Brenda,
This is Alphonso/Realtor/Real Estate One. Please contact me to discuss liquidation of your investment property. Thank You.
248-419-3116 Office/Direct ... more
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Sun Oct 21, 2012
Daniel Alvarez answered:
If you aren't struggling to make mortgage payments then you're going to run into some problems in getting the lender to approve your short sale.

Often times, if you're trying to short sale but aren't facing a financial hardship, you'll likely be outright denied.

Some lenders, however, might approve you for a short sale on the contingency that you pay back the difference in a structured 10 or 15 year loan.

In order to be forgiven for any deficiencies (amount owed on mortgage - short sale price) you would have to explain and demonstrate that you are unable to make full payments or soon will be unable to make full payments. The lender requires a "hardship letter" to go along with the 2 most recent year tax returns, 30 days of most recent paystubs, 2 most recent bank statements, and an income and expense sheet. Often times, most people are several months behind on payments and have at least attempted to apply for a loan modification. For those individuals, the deficiency will usually be forgiven (always forgiven under the HAFA program).

If you aren't facing a hardship (reduction in income and adjustable rate increases are legimitate reasons), and are attempting a strategic default, then fannie mae, freddie mac, and fha guidelines would prevent you from obtaining another mortgage for at least 3 or 4 years after completing the short sale.

Those lucky enough to have been approved due to verifiable hardships (reduction of income, interest rate adjustment increasing their monthly payments) AND were current on mortgage payments all the way until the short sale closes are able to IMMEDIATELY qualify for a new FHA mortgage.

FHA has very strict guidelines. If you were to apply for a mortgage immediately after closing the short sale, your explanation would have to be consistent with someone who was in a very bad financial position and not someone who wanted to move on to a bigger home.
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Mon Dec 3, 2012
Andy Hargreaves (Team Lead) answered:

If you signed an agency agreement for a set period of time, you're technically signed with their brokerage for that duration, not just the agent.

If you are truly unhappy with your agent, let him know that you want to be terminated from your contract. If he fails to do so, approach his broker and give them examples of why you feel you should be terminated. In the likely case, the broker will try to assign another agent to work with you, but you reserve the right to decline.

I highly suggest you do some additional research and/or interview an agent or two that you identify with before committing to one.

If you need more insight, please feel free to let me know - I'd love to help.
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Mon Sep 17, 2012
Anna M Brocco answered:
If your property is listed with an agent ask him/her the question; or directly contact customer service
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Sun Aug 26, 2012
Andy Hargreaves (Team Lead) answered:
Your best bet is to do some research and pick an agent whom you feel is trustworthy and meets your needs.

If you're wondering if this land is splittable, you may have to check with the building/zoning department to see how many splits (if any) are allowed.

I recommend you chat with a few of the regular bloggers on here, read some of the archived replies and/or do some research to find the best one to give you accurate advice.

Let me know if you need help!
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Fri Aug 17, 2012
Bob Jakowinicz answered:
From the time an appraisal is ordered by the lender it can take up to 2 weeks to get the results in some cases.
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Wed Sep 5, 2012
Tina Lam answered:
Real estate agents almost never charge anything upfront to list a home, short sale or not. Just find any agent you're comfortable with.
0 votes 9 answers Share Flag
Sat Aug 11, 2012
Bob Schweiss answered:
Great time to sell, especiaaly if your in a good area of Detroit. I have live in the big D since the 80's.
If you need help listing the property give me a call.

Bob Schweiss
Remerica Hometown One
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Sun Jun 10, 2012
Eric Michael answered:

The monthly statement that you receive every month will have a phone number on it. Call that number and find out who your lender is.

Talk to an attorney about what you should and shouldn't do. As a real estate agent, I cannot give legal and/or CPA advice. ... more
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Wed Jun 13, 2012
Feliece Miller answered:
Hello congrats on the new addition coming soon if the deal cant be extended for one more week till after the birth, if you have a agent you can always provide them with authorization to negotiate and or sign for you on your behalf. I hope this bit of information helped. Good luck. Contact me if you need any further assistance.
Feliece Miller
Ai realty
313 848 6377
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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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