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Anthony Rueda's Advice

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  • 5 Contributions
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Anthony Rueda wrote:

How could I found out if the home owner is in default on their loan?

Answer
Defaulting on a loan is public information. A realtor could easily get this information to you at no cost and no effort. You could also do research online, but not all information online is accurate.
October 14 2010
(0)

wil lender work with score of 591 for the first time home buyer will i qualify for the FHA loan

Answer
Probably not. At this point you probably need a minimum score of 620. However, the good news is that getting 30 to 40 more points usually isn't that difficult to accomplish. I recommend talking to a good credit repair professional.  I've worked with specialists that have increased scores 80-90 points in 60-90 days. Credit professionals not only fix your credit, but  they are also good at educating you on how to keep your scores high. Finding a good one is the key -- their services should cost $500-$600, but they'll save you thousands in interest rates.I'd be happy to recommend a credit repair specialist if you like.
October 11 2010
(0)

How long does the sell take to respond to a offer on a short sale home?

Answer
The seller will usually respond within a few days. All short sale offers are contingent upon bank approval, and every bank is different. Bank approval can be as short as a couple weeks to many months or longer. It becomes more complicated If there are 2 or 3 banks involved. The skill of the listing agent can be a big factor in the success of the short sale.Please don't hesitate to email or call with any questions.Good luck!
September 17 2010
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I made an offer on a house that was listed at 175,000. My offer was $165,000 Plus closing costs.

Answer
Is this home is a short sale or REO? Has the listing agent submitted the offers to the bank? If so, then it's probably too late. If not, you should have the opportunity to re-submit your offer. I would talk to your agent as quickly as possible, he should be able to tell you if it's possible or not. Good luck!
September 14 2010
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how do i find the value of my home/

Answer
As mentioned before, websites like Zillow and Homegain can help you find the value of your home. They are fast, easy, and you don't have to talk to anybody if you don't want to. As a real estate professional, I found them to be less accurate. I believe a good real estate agent will be more accurate than any of the popular websites and most agents are happy to this for free.A certified appraiser will probably be the most accurate, but the cost is usually a few hundred dollars.
August 21 2010
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