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West Warwick : Real Estate Advice

  • All33
  • Local Info1
  • Home Buying19
  • Home Selling1
  • Market Conditions0

Activity 20
Sat Jan 19, 2013
Josh Greenwald answered:
Sat Jan 19, 2013
Josh Greenwald answered:
Yes, absolutely, there are mortgage products for just about anyone - especially if you have a creative RE and Mortgage broker. I'd be happy to talk with you and see how I could help - creativity is my specialty. Give me a ring at 401 527 1994 or email -J ... more
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Sat Jun 9, 2012
Michelle Spalding answered:
A couple of factors play in to it. First, have you looked to see what comparable properties are renting for and how long they sit on the market before they get rented. I would consider a price decrease after 30 days, but I have clients that will decrease it after two weeks. Knowledge of the local market is important! You can peruse Craiglist postings to get a quick and dirty idea of rental comps, but a local Real Estate Agent or Property Management firm will be the best resource to give you stats on price and days on the market. Hope this helps!

Michelle Spalding
Realty ONE Group
(602) 476-8100
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Tue Jan 7, 2014
Laura Lass answered:
I can't say this is anything I have ever done myself. But each agent runs there business as they see fit. If you haven't signed anything with your agent, and they went as far as to call your mortgage company, maybe you should let him/her know that you are not comfortable with them tapping into your personal information without you having signed a designated buyers representative agreement. Without this... Your personal information is not protected.

Hope you get things cleared up :-) and happy house hunting!!

Laura Lass
RI Licensed Sales Agent
Coldwell Banker

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0 votes 10 answers Share Flag
Tue Feb 19, 2013
William Friedman answered:
You can absolutely purchase a home as long as your income and credit guidelines are acceptable. It would be age discrimination if you have the proper credit and income requirements. You can feel free to contact me to meet in the office to discuss your personal situation. I can also have my mortgage agent present to answer any questions. I look forward to hearing from you. Bill Friedman/Re/Max 401-353-8500. 30+ years experience. ... more
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Tue May 1, 2012
Anna M Brocco answered:
If you don't have an agent consider the idea, he/she will be your best guide; in order to determine an offer, review comps--recently sold similar properties in the immediate area, see what the data suggests and go from there; be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously. ... more
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Tue Sep 14, 2010
Angela Dolber answered:
That is a fairly tough question to answer without any specifics as to the size of the rooms you're planning to add, the type of flooring you want, any special windows or skylights, as well as if exterior walls would need to be removed, any landscaping removed where you want to add the rooms, etc.

I would talk to and interview 2 or 3 local builders or contractors to give you estimates as to what you would like to do and then check their references and go from there. They would probably want a plan drawn up of the room additions to be able to give you estimates of the cost to put them on the home.

Good luck with your room addition.

Angela Dolber
Prudential Prime Properties
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Tue Sep 14, 2010
Gerard Dunn answered:
Tue Oct 19, 2010
Christopher Cox answered:
Hi Bee,

No they are not monkeys. Monkeys at least show some signs of intelligence close to human beings :)

No, but really here is the problem, BOA is taking a bath on these short sales and are completely overwhelmed with the shear number of these. Plus, this is not a revenue making department, so a sound company is not going to invest a lot of $$ into making sure it runs smoothly. They are paying essentially collections people to "negotiate" the deal and these collections people are making like $10/hour. They really have little to no incentive to move the deal along.

Good Luck,
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0 votes 12 answers Share Flag
Mon Dec 7, 2009
Yes, but not by your credit score. Mortgage lending is more "Balance sheet" lending, so we look at all aspects. You can have the greatest credit in the world but if your income isn't high enough for your debts and new home loan, you won't qualify.

A good loan offier who pre-approves you should be able to tell you how much room you have to take on a new car loan. Keep in mind that Fannie Mae is lowering their maximum debt ratio requirements this month, so you'll want to stay pretty conservative if positive.
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0 votes 9 answers Share Flag
Mon Sep 18, 2017
CCC answered:
To my understanding you need 24 months after short sale and no mortgage debt or note.
I will recommend you to sign for the "classes"
Email me or call me please. I do not want to sell you anything. I would like to explain some tips for you.
I dont have a contact information for you.


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0 votes 3 answers Share Flag
Wed Aug 19, 2009
Christopher Cox answered:
Hi Terri,

That is a nearly impossible question to answer without a lot more information. The most important being is a city sewer tie-in even available where you are looking? The next big factor is how far the tie in is from your home. They are most likely going to charge you by how many feet they have to go to connect. I hope this helps and good luck.

Happy Hunting,
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Tue Aug 9, 2011
Rose answered:
I guess what I am really asking is how will it affect taxes since WW obviously does not have the money to pay the settlement amount that they supposedly owe. Will the taxes jump or if the town goes bankrupt, will there be problems for the taxpayers? It is a tragedy that is having repercussions on everyone, most importantly the victims families of course. ... more
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Sat Apr 18, 2009
Sandra Brown answered:
That's a tough question to answer. If you go by the statistics (houses that have recently sold) that area is between $93-$120 per square feet, Many, many, factors can change that price including the size of the lot, the upgrades in the house, and foreclosures in the area. Your best bet is to work with a buyers agent who can do the research (CMA) for you. They can let you know whether your getting a great deal, or if the property is over priced for this current market. If I can help, just let me know. ... more
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Fri Feb 27, 2009
Marty S answered:
No. Different lenders have different guidelines. Sit down with a mortgage broker and discuss your options.

I am a mortgage broker. If I can be of service, please let me know!

Martin Smith

Precision Funding
877-238-6324 Ext 704
877-238-6324 FAX
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Wed Feb 25, 2009
Bill Eckler answered:
This simply means they have an executed contract on the subject property but are interested in accepting other offers in the event the first deal does not work out and fall apart.

Many people that feel this is the home of their dreams will consider doing a back up offer in an attempt to obtain the home.
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Tue Nov 4, 2008
Scott Godzyk answered:
You need to pay for a membership to get addresses and full information. you should know that some foreclosures may not be on the market and the price listed by realty trac may not be correct. Realty Trac picks up feeds from local registires when the foreclsoures are recorded. The house then has a period where it has to be assigned to an assett mamager, they have to do an oocupancy check, assign it to a local realtor, get it cleaned out and prepped for sale, get an appraisal and set the price before it can be listed. Somethime realty Trac is showing a price of what the bank bought the home for or what was owed at foreclosure instead of the asking price. I hope this helps. ... more
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Wed Nov 5, 2008
Jeff and Ginny Mitchell answered:
If this is not a bank owned property, is it a "short sale" since you are concerned about the bank reaction to your offer. I will assume so for this answer. Let us know if I misunderstood. In the case of a short sale, your offer may sit with the bank in a tall stack of files and considered after about 60 to 90 days before you may or may not hear back from them. The bank will choose the "best" offer and negotiate with that offer. If that negotiation is not successful, then they will move to the next best offer. The bank frankly feels no obligation to let you know the progress of these negotiations. You may not hear anything until the property is sold if you are not the successful bidder. A Realtor usually has better but not total access to this information though.

You should work with a Realtor to decide what offer to make for this property because that professional assistance will typically cost you nothing because the seller and/or bank will pay the commission. You should offer current market value if you wish to be the successful bidder. That may be at or even slightly above the current "asking" price, which is sometimes enticingly low to encourage offers. It may be considerably below the asking price. There is no set percentage for the relationship between asking price and selling price.

In addition a Realtor will be helpful with the complicated process and extra load of paperwork required with a short sale. We recommend a CRS agent because fewer than 4% of Realtors nationwide earn this distinguished designation that requires additional education and substantial successful sales with buyers and sellers. Look on the website to find a CRS Realtor in your area. Good luck to you.
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