Zillow Advice RSS: Question-Discussion-Guide,Home Buying,Hollywood- FL

I am looking for a 203k lender in the Hollywood Florida/South Florida area that knows this program.

Sun, 11 Oct 2009 15:07:00 GMT

I seem to be having a hard time finding professionals who understand this program or if they do they are hesitant to take it on. We have found our dream house...it needs a new roof and probably some other repairs, as it's an older home (1950's or so). This house had an offer that fell through due to standard FHA loan falling through due to the roof. I think the 203k is our only financing option. I'd like to find a company that is currently successful in closing these types of mortgages. Please help!!

2 replies

Can I narrow Search Results?

Fri, 14 Aug 2009 16:21:00 GMT

Such as Parking, Garage, Pool, etc.

0 replies

miami and surrounding city markets.

Thu, 16 Jul 2009 01:12:00 GMT

Hello, I am trying to understand the miami and surrounding city markets. Can anyone tell me about the home values and demographics of coral gables, fort lauderdale, coconet grove, and brickell (this is where the office will be). I am probably missing some parts of town I should consider, but I do not know miami at all.

Basically, I am looking for a nicer part of town; safe; good neighborhoods; social and preferably suburban. Ideally, I am looking for an upper end part of town, university educated people, quite streets, and polite-fun people.

Any thoughts on resources/websites that are useful for comparing different parts of town or any opinions you might have would be much appreciated.

Many thanks,
Mike

1 reply

I lost a home to foreclosure financed thru VA about 10 yrs ago..When can I buy another home?

Sun, 29 Mar 2009 14:42:00 GMT

I let someone else take over payments for my home, needless to say they didn't make a single payment. My home was financed thru a VA. How long do I need to wait until all this clears up and I can move forward towards purchasing another home? Can I re-apply for VA?

5 replies

Seller concession?

Mon, 16 Feb 2009 21:03:00 GMT

When you see a property posted as $240k and the seller agrees to a 3% concession towards my closing costs. What do you read:
a. The seller expects me to ask a loan for $240 - whatever down payment and they will receive only ~$232800 because they will apply ~$7200 towards my closing costs. OR
b. The seller expects me to ask a loan for $240k + 3% - whatever down payment and they will keep the $240k and let me use the 3% towards my closing cost?

In case a) I would be asking for a smaller loan, purchase price will smaller, etc. Case b) it just sounds like I am financing my closing costs and the RE agents are getting a slightly higher commission because the purchase price went up (and so my taxes).

7 replies

Can the Buyer's RE Agent contribute to closing costs without breaking the law?

Wed, 04 Mar 2009 14:52:00 GMT

The Buyer's RE Agent will receive 3% in commisions from the seller (a bank in this case). Is it legal for the RE agent to keep only 2% and contribute the rest (1%) towards the closing costs?

3 replies

$8,000 Tax Credit for Married Couples

Tue, 03 Mar 2009 20:44:00 GMT

We got married in 2008&my husband did not own a home and we now live in my home, which I own and the deed is in my name solely. Would we qualify for the $8,000 tax credit if my husband has the home titled in his name and he has not owned any home in the past 3 years? THANKS!

7 replies

Why would an agent request a processing fee from the buyer?

Mon, 02 Feb 2009 06:30:00 GMT

I found this line in the 'Seller's Description' of one ad:

"BUYER WILL PAY [XXXX XXXXX&ASSOCIATES] $295.00 PROCESSING PRE-FORECLOSURE FEE."

The house in question is out for short-sale in Florida but I do not see a reason for me to pay processing fees to the listing agent. They get their commissions from the seller and considering the current market conditions I would expect the seller to actually give some concessions towards my closing costs.

What do you guys think? I tried calling the number on their website and it is disconnected (!). Is this some kind of scam?

15 replies

Is the realtor lying to me?

Fri, 30 Jan 2009 00:59:00 GMT

I contacted the realty short-selling this house in Broward, FL after I drove by and saw their # on the sign outside the house. I liked the property so I wanted to submit an offer, but considering the current conditions of the house and the many repairs needed I would like to lower the price they are currently asking for ($270k).
When I informed my decision to the realty they let me know that "last week" the bank rejected an offer for $220k and they countered with $310k.Â

I asked them if they submited a complete detailed short-sale package and if the bank sent a BPO, if they have fully documented theÂ Loss Severity andÂ repairs needed with photos and contractor's estimates, etc.. but they replied that the offer was not sent by them so they have no idea.Â

My question is: since this realty is the one selling the house, is it possible for another realtor to submit an offer to the bank without their knowledge? Were they just trying to impress me so I do not submit a lower priced offer?

8 replies

how much can vary my actual closing cost from my good faith estimate

Sat, 24 Jan 2009 21:45:00 GMT

2 replies