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Jeff Armbruster's Advice

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  • 4 Contributions
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Jeff Armbruster wrote:

Should I rent or walk? Condo is under water and I need to move for work.

Answer
If your mortgage is a purchase money loan do a short sale.You may be eligible for relocation monies.You will be able to purchase again 3 yrs out if you keep up with your credit.My advice is locate a CDPE Certified Distressed Property Expert in your area they will be able to give you the answers you are looking for.Check into www.cdpe.com for a agent near you. 
January 24 2013
(0)

investing in single property vs multi family property

Answer
Multi units are the best.If you could buy a three or four unit live in the best one and rent the others out for more than your mortgage payment you end up living free and putting some money away for repairs etc.
January 24 2013
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Our buyer backed out of our short sale after 2 months. Do we get to keep the !000.00 earnest money?

Answer
Hi,In most cases earnest monies are not collected until short sale approval from your lender.Until SS approval buyers can back out for any reason which in your case is not good.You should always accept back up offers in case it happens again.
January 24 2013
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How much should I pay for a CMA?

Answer
Hello,Never pay for a CMA.It only takes a few minutes to get the data you need.Thx Jeff
June 05 2012
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