Although the recent ruling states that you need an attorney particularly when there is a mortgage lender present, if you actually go through the order; it appears that an attorney is required for every close since technical issues are involved and it is necessary to protect the interests of both the buyer and the seller before the conveyance goes through. My guess, is that such attorney fees should be a flat fee especially if both the buyer and the seller use the same attorney and there is no other work involved.
Why don't you do a self-check to find out the amount you can get pre approved for. The site provides for this self-assessment. You can then evaluate your options from there.
What is your purpose in adding these facilities? Does it afford better leisure activity like fishing, sailing etc. Will it get you faster if you sail to some point on the Elizabeth river and then connect to the mainland. If so, it sure could add value. How do you plan to tackle the last 20 ft. Sure, would make it unnavigable after dark, unless you come up with something. If this purchase is a long-term purchase, go ahead with your dreams and add the bulkhead. Else have a look-see and think before embarking on this venture.
Is your husband uptodate on all his payments post that incident 7 years ago. If yes, I don't think it should matter much. Anyway you have a good enough score. The best course of action would be to speak to various loan officers and then take the one which works best for you. Timing should not be an issue. If you can get a loan approval, on your credit rating alone; go for it-instead of a joint one. That would save both time and cost.
You are getting two different sets of replies through these posts below. According to one view, the only way out is to consult a lawyer. The second view says that if as a part of divorce proceedings, the house is awarded to you, you have a clear title and need no signoff from your ex-wife. Instead of paying her upfront, just set up a preliminary meeting with a law firm to understand where you stand and then take it from there.
I have come across a number of posts and a number of people who say that contacting an agent online does not work. In most cases, he does not respond. I think this business still works in the old fashioned way. You land up placing a large amount of funds to purchase a property. You would like to have an agent whom you can trust and who is on the same wave length as you. For this, normally people prefer to rely on referrals or do the interviews themselves. So it does not surprise me that the web does not generate significant business for the agents.
Post Katrina, flood insurance is nearly double what it used to be with a larger deductible. Get in touch with a good insurance agency to get the exact quote.
This may or may not make a difference to the value of rented premises. You have to go back to the agreement to understand with whom the risks and rewards of such type of system lie. You also have to demonstrate that this is economical compared to traditional power. The type of solar system would also have an impact. Although solar systems are touted as energy savers, they may not be completely reliant and the entire house with all its appliances may not run on solar. Then in fact, this becomes more of a nuisance then an amenity.Best to do a study of the neighbourhood and understand the dynamics of this.
The question is not whether or not you can get a loan and which is the best source for a loan. The question is whether you can service the loan, if granted. If you have already maxxed out on your available sources of funds, chances are you will default on principal and interest payments. Therefore the order of the day is increase your earnings, pay off your loans, increase your savings and then toy with the idea of owning a house. Nothing wrong in renting till then.
Before you go in for refinancing, you need to evaluate whether refinancing is going to be beneficial to you or not. There are closing costs associated with refinancing which could be anywhere upto 6% of your loan amount. Also you need to understand the borrowing cost advantage/ disadvantage in terms of proposed rate of interest and associated costs vis-a-vis existing costs.