Eric Smith's Q&A

No

I'm not aware of closing cost being any higher just because of a short sale transaction. 10% in closing cost seems very high.I hope the 10% includes your 3.5% down payment...note: Florida is considered a high cost closing cost State.Go over your Good Faith Estimate carefully.

This will not be possible for any standard mortgage programs.

you don't...you can't receive the credit until you actually buy.

i don't know of any programs that allow you to refinance in this situation. Unfortunately, banks don't seem to work anything out until you become multiple months behind.good luck and keep your head up!

Is the equity loan secured by the home you want to sell? If so, the loan will need to be satisfied before it transfers into your buyers name. This is typically done by the money brought in by the sale of the home. If the sale price is less than the debt on the home, you will have to make up the difference.If the mortgage you co-signed for is not secured by the house you want to sale...you have nothing to worry about.Either way, you don't have to pay off the debt of a home to put it for sale...the debt can be paid off from the sale.hope this helps

Whats the rest of your question? You got cut off

Go here to find a 203k lender. You can look by location (your State), then uncheck all of the boxes and then check the 203k box at the bottom and click the search button.This will help you find 203k lenders in specific areas.Good luck and hope this helps!

The best thing to do is get an appraisal...ask your lender if there are particular appraisers to use (or not to use). In other words, make sure the appraisal you order will be acceptable to them. Appraisals are typically around $300. If this is what your bank wants, its probably easier and less expensive than fighting with them (unfortunately)On the other hand, if you think you may benefit from refinancing, you may also look into that. (If it makes sense)Good luck

Go to http://gcgis.co.guilford.nc.us/guilford_new/click the Parcel Search button at the top right and type the address...just type in 8210 Kelly FordGood luck