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Michelle Lane's Advice

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  • 54 Contributions
  • 1 Best Answers
  • 8 Helpful

Michelle Lane wrote:

release listing from agent

Answer
76 Madison Ave in Newton is listed in the MLS as on the market.  It shows as only being on the market for 11 days. And there is an Open House on Sunday!  Zillow is getting the information from the MLS.  She would not be able to release it from Zillow while it is a live listing.   Are you sure that you are no longer using that agent?  Have you cancelled the contract with her? If you have not already, you need to cancel that contract (and get that cancellation in writing so you have proof it is cancelled) before you can take control of it on Zillow.. 
October 08 2011
(0)

Buying a condo (half of 2 family) with another half foreclosed

Answer
That is an FHA regulation.  And there is no getting around it.  If you are not going for an FHA loan, then you may be able to talk to the bank about making an exception.  If I were you, I would wait until that one comes on the market.  It might go for less than the one you are buying!
August 24 2011
(1)

Can we get my earnest money back?

Answer
It appears that you have the right to receive the return of your earnest money.   The question now is how do you go about getting it back? First, it appears that your agent is not fulfilling his obligations to you.  He should be informing you of the formal process for requesting the return of your deposit.  Typically, you would sign a Release of Deposit form, then ask the seller to do the same.   If they refuse, the next step is to file a claim against them.  The amount seems too large for small claims court, so you should indeed get a real estate attorney who can assist you.Before that though, I would speak to the manager of the office in which your buyer's agent works.  Call, write, go in the office, whatever you have to do to get hold of that person and let them know that your agent is not being responsive.  Often, the manager would step in and try to resolve the issue. I would do the same with the seller's agent's office.  Most managers want to resolve these issues before they go to court.If that fails, get an attorney to formally reach out to both of them.  He or she will know the steps to take after that point if it has to go to court.  A few hundred dollars to have an attorney put pressure on them is a lot less than the deposit you risk never seeing again.I hope that helps.
November 08 2010
(0)

Can we get my earnest money back?

Answer
It is difficult to give you an accurate answer without asking some questions.  I see that you extended the closing date, but you don't mention if you also extended the mortgage commitment date.But the short answer is generally, if you had a mortgage contingency and you were not able to get commitment by the commitment date than you would have been able to pull out or the seller would have been able to decline a request for an extension of that date, with you getting your deposit returned.I strongly suggest you hire a real estate attorney.  Typically a strongly worded request for the return of your funds to the owner/manager of the office, not to the agent, would get you your deposit back.  If not, the lawyer can press from there.Persevere until you get your money returned.
November 06 2010
(0)

what's my home worth?

Answer
Rulu,I live and sell in Newton.  If you would like me to do a Comparative Market Analysis to give you an idea what you could list your house for, just reach out to me and let's set something up.Best,Michelle
July 22 2010
(1)

Why is a non-existing property listed?

Answer
It does exist.  It is off of a carriage lane off Commonwealth Ave, near Bullough's Pond.   Why do you ask? 
May 03 2010
(0)

If buying a house that needs repair, can I get a conventional loan or do I have to go with FHA loan?

Answer
That seems strange to say that you MUST get an FHA loan because you need roof repairs.  He/She might have just been suggesting that you get an FHA rehab loan so you would have the money to fix the roof.  A rehab loan just means they give you a mortgage to buy the house, then a bit more to fix it up.  there are requirements for proving you did the work, etc. Another option is to just take out an equity loan after the purchase (provided the home is worth enough) to get the cash to fix the roof.
April 30 2010
(0)

Closing

Response
To answer the question I would need to know who extended it?  The bank processing your mortgage?  Are you doing an FHA loan?  Buying a short sale or bank owned property?When you say you have been trying to close since March 8, does that mean you had the accepted offer on March 8th or that was the original closing date?If you could provide more information, I'd be glad to help you figure it out.
April 30 2010
(0)

How do I get rid of the price I paid for my house. I see some houses show it but some don't

Answer
Zillow is typically pulling that information from MLS and as wetdawgs points out, once it is in public records, there is not much you can do to hide it. The houses that don't show that information likely have not changed hands in recent years, have not been on MLS, and thus didn't have that information posted there for Zillow to pull it.  I don't believe that Zillow actually goes into each town's public record database or the registry of deeds to grab that info.The interenet has made the world very transparant.  A realtor can click on a public record button for any listing and get the sale history on a home going back about 30 years.   Anyone can go to the Newton Town's Assessor's database and look up that same information for homes in Newton.  So I wouldn't sweat too much about the information being on here, even though it must feel like there is no privacy anymore!
April 27 2010
(0)

is it for sale? why doesn't it have an mls number?

Answer
I see your question is a bit old, but not answered, so I may as well.  This house is not on MLS..  It last sold in 2007.   If you saw it here it could be that the owners put up information on the home or that the information remains from the last time it was on the market.
April 27 2010
(0)