fb462827053's Advice

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fb462827053 wrote:

Why do some foreclosed homes have parking listed and a price behind it.

Answer
It seems as if you are asking about parking space? Homes/apartments/condos in cities often have parking available either to rent or purchase. If the foreclosed home had parking attached to the property, i.e., was previously owned by the property mortgage holder, then it would again be available to the new owner, for a price. 
December 05 2012
(0)

Moving at the end of Dec.-is it too soon to contact a real estate agent?

Answer
It is not too early to look. Call the base, they will have people that are  informed of the rental and housing situation for military families. There is likely to be someone, or some agency that can get you the information you need. I would recommend you stay away from Craigslist and instead look at the military housing options and rental agencies that are directly involved with base families. Many times you will be able to rent something that a deployed service member owns.  
November 19 2012
(0)

My landlord did not pay tree company that was doing work after Huuricane Sandy and the Nor'Easter

Best Answer
I smell a rat too. Don't know the legal ramifications, but do take photos of the interior of the home, now and when you move. If he tries to keep the security deposit you can take him to small claims court. If you haven't had the work done for the trees yet, DON'T. You would not get your money back from the landlord, and if you deduct it from the rent he will likely take you to court. Instead, take photos, and let him know that you feel it is a liability and that you want to make him aware of how dangerous the situation is so he doesn't get sued. If you did have the work done,  have proof of payment for the tree guys, and any other costs that you incur as tenant that he should of covered. Good luck.
November 18 2012
(0)

Selling my house, still looking for another

Response
It is rare that you would find the home you want from open houses. The open house is held to satisfy the seller that the agent is doing something, and usually gain some clients. That said, if you are not working with a buyers agent for your next purchase, you are missing a huge portion of the market. A buyers agent can narrow the field of houses on the market to just those that have the criteria you need, so that you can more readily find that perfect home. Just because you are having an open house does not mean that you will get an offer, you may not even get any actual buyers. While it is best to be prepared, do not be disappointed if the cards do not quickly fall into place. I would suggest you get a buyers agent, not the agent that is selling your home (no I am not one, but used one for the purchase of our last home), so that when you do get your offer you are not pressured to make a decision on a home, wondering if there was something better out there. You should also be aware of the average days on market for homes in your area, the financial situation of the buyer, (cash sale=quick close), and if you do find the perfect home and you do have a buyer for yours, that you may be able to rent back from the new owner your own home for a few days or a month. Good luck
November 18 2012
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Can I just use a lawyer and forgo the buyers agent when I purchase a new home?

Answer
The commission is split between brokers, so if you don't use a agent, the seller isn't going to save any money, commission will just go to the listing agent.  You may be able to find a home, however a buyers agent will have access to more homes than you would every be able to find on your own. Very few homes are available as open houses, and many more will be taken before you would ever find out about them. You would most certainly want to use a lawyer to close the deal, but a buyers agent will steer you in the right direction and would be able to give you insight on properties that you do wish to look at. A buyers agent works for YOU, any other agent works for the seller. Good luck
November 15 2012
(1)

I have been quoted something called a bank fee for my HARP refi. What exactly is that?

Answer
Home Affordable Refinance Program. Google it for information, talk to your bank for your specifics. Not everyone can qualify.Good luck. 
October 23 2012
(0)

Why doesn't home appraisal consider the down payment?

Answer
The appraised value is the VALUE of the house. It has nothing to do with how much anyone is putting down. HOWEVER, if the bank/appraiser states the house is only worth 350K, and the seller was asking 400K, you can ask the seller to come down to 350K; they may counter at 375K which may be helpful to you if you willing to split the difference, and you really want the home.You also need to remember that the appraised value is the VALUE even if someone puts more than 50% down, pays all cash or has less than 20% invested in the home. The loan does not equal the value. 
October 16 2012
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How to ensure the immidiate neighbors are "normal" for the house I want to buy?

Answer
For each of the homes we purchased (it has been 4 over the past 30 years) I just knocked on the doors of the immediate neighbors and told them I was considering purchasing the home next door, and what could they tell me about the neighborhood. It worked out quite well. Granted people move and dynamics of neighborhoods change, but I feel there is no need to hire an investigator when you can easily get the answers you need by being friendly. Good luck
October 16 2012
(0)

Need advice on renting or selling our home.

Response
You are making quite a few assumptions there. One he has to GET the job, and keep the job.  You will both  need to like the area if you plan on purchasing there and you are assuming that the zillow estimate is accurate, and will continue to be so. My advice is slow down. While planning your life out is always good, take it one step at a time. Once he gets the job, then see if the cost of selling is worthwhile vs the cost of property management. Compare the rent in the new city to the cost of purchasing a home, and determine the short and long term expenses of holding two homes. You would need to speak with a mortgage lender, as well, if you plan on holding two homes you may not qualify, especially as you won't have established a long term renter.  The cost to sell your home will likely eat up any expected profit, and you may not end up ahead. Good luck. 
September 02 2012
(0)

Is it possible to get a $200,000 mortgage loan.

Answer
You need to contact the credit bureau with the judgement on it, and speak with a representative to clear this up. It sounds like it may be an error (there are many people with the same name) maybe an account number was one digit off and inadvertently was linked to your credit. Get the name of who you speak with, keep records of all your conversations and correspondence  to clear this matter up. You should get this taken care of asap. You also need to speak with the mortgage officer that you have worked with for the pre-approval to let them know about the medical bills. Better to be pro-active than to lose a home. 
August 20 2012
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