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Joe Colon Jr.'s Advice

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  • 31 Contributions
  • 0 Best Answers
  • 8 Helpful

Joe Colon Jr. wrote:

Can I pay more than the asking price to the seller so I can get cash back to pay off debt?

Response
The short answer is no, you cannot get cash back.  However, debt reduction may appear on the settlement statement so long as the seller concessions (plus the amount to be used for debt reduction) appear in the concessions clause of your purchase contract (seller concession clause must state the amount and the statement: "To be used for buyer's debt reduction"), and is permitted by your loan type (NOTE: You cannot pay off debts on an FHA loan, only VA and conventional)…Unless it is a REQUIREMENT or condition of your loan.PS. This scenario has nothing to do with the purchase price or assessed value of the property and can be accomplished so long as the appraised value is the same or above as the purchase price and the amounts to be paid are agreed to by the parties in the contract.
January 03 2011
(0)

How Can I find out if im the owner of my "house''? If im in the tittle of the house?

Answer
Hey Agdvela,   Randy is right, you should get an attorney to look at this ASAP. However, I would ask you to look at your purchase paperwork to see what the Deed of Bargain and Sale says.  Did you purchase the home through a closing company/firm? If so, did you purchase owner's title insurance?  In the event you did, all you need to do is let your closing company know about the mess up and they should take it from there. If you didn't, then you may be better off hiring that attorney.   Unfortunately this isn't the first time I've heard about this as we deal with these issues, and others like it, a lot. Let me know if this helps and if you need further clarity on the subject.  All the best to you.
June 10 2010
(0)

Is there a phone number to talk to a person not this automated answers? Need to get things moving.

Answer
Hey Matt,   I was able to find another Zillow staff member who will be better equipped to answer your question; incase you didn't get the other answer I gave you...here is the link to David Tobey, a customer support specialist.  Hopefully he will be able to answer your questions.   Best of luck.  
June 04 2010
(0)

I have a house I own on here with two listings. How do I delete one so it does not exist anymore?

Answer
Hey Matt,   It sounds to me like only a Zillow rep will be able to answer this one. To be honest, it took me some time to even find one. Either way, the following is a link to a Zillow Staff member who will be better equipped to get you the answer you need. Click here for Ia S. of Zillow.   Hope this helps.
June 04 2010
(0)

What does "This home has been claimed by owner. " mean?

Answer
Hey lcd3rd,   "Claimed by Owner" usually means that a registered Zillow user had claimed their home on Zillow.  The following is an answer link to follow. The question was answered best by Ash_Lee of Zillow:Click Here.I hope this helps out.
February 15 2010
(0)

What does claimed by the owner mean?

Answer
Hey pforte125,   "Claimed by Owner" usually means that a registered Zillow user had claimed their home on Zillow.  Allong with Nancy's answer, the following is an answer link to follow. The question was answered best by Ash_Lee of Zillow:Click Here.I hope this helps out.
February 15 2010
(0)

What is "claimed by owner" mean?

Answer
Hey R. Wood, CSP,   "Claimed by Owner" usually means that a registered Zillow user had claimed their home on Zillow.  The following is the proper answer link to follow. The question was answered best by Ash_Lee of Zillow:Click Here.I hope this helps out.
February 15 2010
(0)

who are owners and how can i get in contact

Answer
Good Day!,   Diane is 100% correct, that would be the most professional way to pose any questions without knowing who the owner is.  However, if you're just looking for information on who the owner of a property is remember that this is information that can be attainded from the courthouse. Anything that is recorded in the city records is public information; therefore, finding out who is the current owner does not violate any privacy issues.  That said, if you're still serious about finding this out I would be happy to help you, or you can ask your trusted closing company to help you find this information.     I hope this is of some help.  
January 21 2010
(0)

Does the home have a fireplace? When was it last sold and for how much?

Answer
Hey Pat & Denise,   Unfortunately short of driving by the property myself, I will be unable to answer that question as I'm a settlement agent in a title company.  I can tell you every person that owned that parcel of land and what improvements were made; however, I believe you will have to get in touch with a Real Estate professional to get that particular answer.   I wish I could give you a better answer, but if you would like to contact me for any other issues I will be more than happy to be of help to you both.  Have a great day!  
January 21 2010
(0)

how can i get in touch with the owners

Answer
Good Day!,   When looking for information on who the owner of a property is, remember that this is information that can be attainded from the courthouse. Anything that is recorded in the city records is public information; therefore, finding out who is the current owner does not violate any privacy issues.  That said, if you're still serious about finding this out I would be happy to help you, or you can ask your trusted closing company to help you find this information.     I hope this is of some help.  
January 21 2010
(0)