Zillow Advice RSS: Question-Discussion-Guide,Buying Process,Springfield- MA http://www.zillow.com/advice/Springfield-MA/home-buying-buying-process/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate How does one find the mortgage history/outstanding balance for a prospective home? http://www.zillow.com/advice-thread/How-does-one-find-the-mortgage-history-outstanding-balance-for-a-prospective-home/264740/ Listing agent does NOT want to provide me with this information, Where can I find it?<br \><br \>18 replies Wed, 05 Aug 2009 14:40:00 GMT http://www.zillow.com/advice-thread/How-does-one-find-the-mortgage-history-outstanding-balance-for-a-prospective-home/264740/ 2009-08-05T14:40:00Z New offer to purchase after inspection http://www.zillow.com/advice-thread/New-offer-to-purchase-after-inspection/550104/ Hello<br/>First time home buyer here in Massachusetts <br/>I signed an offer to purchase with a 7 day inspection contigency<br/>Had the inspection done 3 days later,found some issues.<br/>Spoke with the seller (fsbo),he is willing to give 5k for repairs,I am fine with that<br/><br/>Is the correct way for me to go about it to write up another offer to purchase with the same terms as the original signed one and under additional terms add 5k for needed repairs?<br/>He offered to meet up with me at Staples so we can both sign the new offer and make copies.<br/>Please advise on how this is best done.I would rather get it dealt with now rather than have to deal with it during the P&amp;S <br/>If it is done this way and signed by both,is the previous offer to purchase null and void.Just wondering whereas the previous one doesn't mention the 5k.<br/>Thanks so much for your time everyone,much appreciated<br \><br \>9 replies Thu, 17 Jul 2014 22:58:00 GMT http://www.zillow.com/advice-thread/New-offer-to-purchase-after-inspection/550104/ 2014-07-17T22:58:00Z Buying a house to rent to wneu college students? My son being one renter http://www.zillow.com/advice-thread/Buying-a-house-to-rent-to-wneu-college-students-My-son-being-one-renter/537570/ Pro and cons<br/>looking for sixteen acres and Wilbraham side<br \><br \>5 replies Wed, 23 Apr 2014 01:01:00 GMT http://www.zillow.com/advice-thread/Buying-a-house-to-rent-to-wneu-college-students-My-son-being-one-renter/537570/ 2014-04-23T01:01:00Z Recommendation for a real estate agent/broker http://www.zillow.com/advice-thread/Recommendation-for-a-real-estate-agent-broker/517334/ I am looking for a real estate agent/broker to prepare an offer and submit it. I am looking for recommendation for a real estate agent/broker who returns % of commission to buyer. I am in metrowest area in MA.<br \><br \>11 replies Wed, 30 Oct 2013 19:26:00 GMT http://www.zillow.com/advice-thread/Recommendation-for-a-real-estate-agent-broker/517334/ 2013-10-30T19:26:00Z When should the home inspection be preformed on a short sale? http://www.zillow.com/advice-thread/When-should-the-home-inspection-be-preformed-on-a-short-sale/414386/ <p>After an offer on a short sale has been accepted by the sellers, should the inspection wait until after the lien holder also accepts the offer even though this may take several weeks?</p><br \><br \>6 replies Mon, 05 Sep 2011 11:01:00 GMT http://www.zillow.com/advice-thread/When-should-the-home-inspection-be-preformed-on-a-short-sale/414386/ 2011-09-05T11:01:00Z does the money you get from selling your house go towards buying a new house? http://www.zillow.com/advice-thread/does-the-money-you-get-from-selling-your-house-go-towards-buying-a-new-house/379863/ if i sell my house, do you use that money as a down payment and to pay off the mortgage I already have?<br \><br \>9 replies Thu, 06 Jan 2011 22:24:00 GMT http://www.zillow.com/advice-thread/does-the-money-you-get-from-selling-your-house-go-towards-buying-a-new-house/379863/ 2011-01-06T22:24:00Z Buying HUD REO with FHA Loan ? http://www.zillow.com/advice-thread/Buying-HUD-REO-with-FHA-Loan/220128/ Hello,<br/><br/>I have a question that I hope a HUD expert can confirm for me. <br/><br/>First off, I have already been pre-approved for a <a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/">30 year fixed</a> <a href="http://www.zillow.com/fha-loan/">FHA mortgage</a> up to $100,000 through Wells Fargo. There is a home in Springfield, MA that is HUD owned, the asking price and "as is" value according to HUD is $70,000, I will be bidding as an owner-occupant. <br/><br/>The house appears to be in good condition with no major repairs needed and is listed as being insurable&nbsp;(IN) for FHA financing, I was thinking of putting in an offer over the $70,000 that HUD is asking for but when I spoke to my lender (Wells Fargo) about this, I was told that with an <a href="http://www.zillow.com/fha-loan/">FHA loan</a>, I cannot bid any higher than what HUD is&nbsp;asking for and that if I do, I will have to pay the difference out of pocket, I was told specifically that this is a HUD rule and not a rule through Wells Fargo, can someone please give me some clarification into such a rule ?? The contact person&nbsp;is very reputable and I don't believe he would steer me in the wrong&nbsp;direction but this makes no sense to me. <br/><br/>It seems to me, this HUD&nbsp;Rule&nbsp;is almost discriminatory, as I was told I could go over the asking price with a conventional loan but not with an FHA loan, this would seem to put me at an unfair competative disadvantage, thanks for any feedback.<br/><br/>~M<br \><br \>4 replies Mon, 06 Apr 2009 18:33:00 GMT http://www.zillow.com/advice-thread/Buying-HUD-REO-with-FHA-Loan/220128/ 2009-04-06T18:33:00Z