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Rob Thompson's Advice

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  • 233 Contributions
  • 1 Best Answers
  • 43 Helpful

Rob Thompson wrote:

how to find the amount of debt on a property

Answer
wetdawgs is correct in that the specific amount is private.  An agent with access to MLS should be able to tell you when it was last purchased and what the mortgage amount was.  Knowing the interest rate and the time, you should be able to make an educated guess as to the approximate remaining debt. 
May 26
(0)

Thinking of selling this property for $83,000.00. Is that too low?

Answer
Have an agent do a CMA for you; they can tell you the nearby recent comparable sales. 
May 26
(0)

HOW TO ACCEPT OFFER WITH A CONTINGENCY

Answer
Take a look at the conditional sale provisions in the contract to buy and sell real estate for your state.  Does the provision allow for this?  Is the buyer okay with this exception?  This is one of the downsides of conditional sales.  Your best control, IMHO, is a shorter deadline for the conditional sale.  DISCLAIMER: not an attorney, this is not legal advice
December 22 2013
(0)

Short Sale with an equity loan

Answer
Nothing fishy as in shady.  It's the HELOC trying to get more money, which is their obligation to do. :(  There's little you can do as the buyer in this.  It's between the seller, 1st and HELOC. 
December 03 2013
(0)

legal / ethical question

Answer
jr6678, agents don't restrict access to owners.  Can you elaborate on how the agent allowed the owner to access the property?
November 10 2013
(0)

License to rent my house

Answer
Hamp,    Why the leap to ask why and assign it to an agent?  Could just as well have been his neighbor.         OP, as Mr. Yonce wrote, the right is nearly inalienable though I have seem some HOAs prohibit renting out properties.   Rob
November 02 2013
(0)

Short sale question...

Answer
What does your agent say?  Does it show closed in MLS or the public record?  If they collected your earnest money (security deposit?) and you had an accepted offer, there's a problem here. 
October 29 2013
(1)

another scam

Answer
kaka4chelsea, would you mind posting a picture of today's newspaper in front of the home?
October 25 2013
(1)

How do I become an agent for Make Me Move

Answer
Are you asking how to have Zillow connect you to a make you move home?  I don't think the system works like that; you can pay to have your ad placed in a specific zip code, though.
October 24 2013
(0)

We are looking at a house that is being advertised as a "short sale", being sold "as-is" and "where-

Answer
fb232003096,    I'd say it's neither good or bad for a first time home buyer.  Be aware that the seller (be it a bank or the occupying owner) is unlikely to make any concessions or repairs.  Also, it could (and probably will) take several months from offer acceptance to closing. Rob
October 23 2013
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