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Maria Morton's Q&A

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  • Questions (1)
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Maria Morton wrote:

Homepath Short Sale Seasoning requirements

Answer
Most lenders are going to want a 2 year wait after a short sale before taking a chance on lending money for another mortgage. I have heard of lenders who will agree to a mortgage sooner but you will have to check with your local lenders to find out what can be done in your area.
December 11 2011
(0)

How do I learn of local comparablewaterfront homes in my area?

Answer
If you want the Active comparables, you can drive the neighborhood to find those. (Provided signs are allowed in that neighborhood.) If you want the Sold comparables, you can get that from your County Recorder. Or, you could get both plus expireds, pendings, withdrawns, etc from a local real estate agent.
December 11 2011
(0)

do you have a link for information about non US resident owning houses?

Answer
hoops, you don't have to be a US citizen to buy a house in this country.
November 25 2011
(0)

I would like to get a listing of all Frank LLoyd Wright homes possibly under 1 million dollars, mayb

Answer
Here's a list: http://en.wikipedia.org/wiki/List_of_Frank_Lloyd_Wright_worksIt is probably not a full list and you will have to do some more research in each city to see about buying them but it's a start. Good luck!
November 24 2011
(0)

How to get insurance on a rental property in an LLC

Answer
I have an insurance agent who does nearly all of my investor's properties - many are LLC's - all are cash purchases. Ask your real estate agent which insurance company / agent they recommend in your area.
November 24 2011
(0)

What is a good offer to a seller ????

Answer
To determine the value of a home, look at what comparable homes have sold for recently. What the seller will accept is another matter entirely. See Dan's answer below. Your agent can help you determine how much the house is worth and plan your negotiating strategy.
November 24 2011
(0)

In Oregon, how much can the seller/builder contribute to closing?

Best Answer
The lender will dictate how much the seller can contribute towards the buyer's closing costs.
November 24 2011
(0)

What is the process and how difficult is to buy a house in Bankruptcy 7?

Answer
Very difficult. If you can find out who the Executor is, you can sometimes approach them directly with an offer. You could ask a local agent to see what they can find out. They may or may not be willing to spend the time doing so; they may or may not be able to get more information. You can also try registering with the local auction houses so that you would be alerted if the house went to auction.
November 24 2011
(0)

can i get a list of all streets in a zip code?

Answer
Try a local map maker for the best maps. Or, the postal service sometimes has maps available showing the zip code boundaries. That wouldn't be in list format.
November 24 2011
(0)

What should a room have to be considered a bedroom?

Answer
In Kansas City, to be considered a bedroom, a room must have a door and a closet. It also must have access to a bathroom without going outside and be above grade or in a walk-out basement or have egress according to code.
November 24 2011
(0)