How do I find property records for a house that appears to have none? Real Estate |
- How do I find property records for a house that appears to have none?
- Buying a house before moving to a new city for employment. Borderline illegal?
- Is what my lender saying normal?
- Home inspection
- The management of my grandmothers building are not behaving professionally
- 23 years old, thinking about going into real estate?
- Real Estate Data
- mortgage late payments and new mortgage
- Not liking the condo I bought 9 months back
- Is real estate a good investment for cash purchases?
- First time homebuyer, closing walk through
- (FL) What could happen at this point to delay closing?
- Accidentally found a home we love; what should the next steps be?
- Purchasing a forecloser with multiple renters still living in home. (CAN)
- [Oklahoma] Will borrowing from 401k risk sale falling through?
- Interested in flipping
- Buying down points?
- Low Appraisal on Purchased Home
- Seller financing dilemma...
- CRP Land Questions [IA]
- Selling my condo soon - question about whether or not do redo baseboards
- [TX] Tarrant County Homestead
- Question about 203k loan
- Bypassing The 2 Year Minimum Rule With Loans
| How do I find property records for a house that appears to have none? Posted: 04 Jun 2018 10:12 PM PDT There's an amazing abandoned home from the '40s at the end of our street. We've googled the shit out of the address, but, mysteriously, there are no public records for the house. In the county records, there exist property tax records and deeds and everything for the properties on either side of it, but it just skips this one property. Google's told us the name of the former or current owner (we don't know which, but we suspect the latter), as well as his current address and phone number. The only county documents we found which mention him are some sort of record showing he founded a shell company and vehicle taxes. I'm so fucking confused, but I'm dying to find out the history behind this house. It's older than every other house on the street by two decades, and it's the only one that's abandoned and lacking property records, and it's some legit southern-gothic creepy as fuck shit. Advice? [link] [comments]  |
| Buying a house before moving to a new city for employment. Borderline illegal? Posted: 04 Jun 2018 12:21 PM PDT I am moving to Seattle, WA for a new job. I wanted to buy a house before I move there so that I can avoid moving twice (current -> temporary -> final house). My lender just told me that I can't do that before I actually start working in the new company as I will be quitting my current job shortly and the pay stubs that I provide as proof of income will no longer hold good because my current employer will no longer be my new employer. He said that I should wait for day-1 of new job at least then apply for loan (and the lender can call and verify my employment my new employer) and then process the loan. Is this information accurate? He said that getting a loan using my current employer will be wrong (borderline illegal) since I am aware that I won't be employed here shortly. It goes without saying that I don't have sufficient amount of money to buy out the house, in which case, lender, employer... wouldn't even be there in the picture :) [link] [comments]  |
| Is what my lender saying normal? Posted: 04 Jun 2018 11:25 PM PDT My wife and I are moving 8 hrs away, we close in 10 days and I start a new job in 15. I currently don't have a job because I just came off of a deployment and have been focused on the move. My wife has a part time job now and starts her new teaching job in August. Our lender say she must be employed at her part time job on the day of closing, while we're 4 states away. They said her last day could be today as long as her job still says she's employed on the day of closing. Our loan relies on her boss saying she still works there even though she already worked her last day. Her boss agreed to keep her employed til then but is also clueless and may forget. They also said my new job doesn't matter, she has to be employed on the day of closing. Is this normal? We're putting 20% down, have plenty left over in savings and my job is enough to pay the bills. I don't like having our new home ride on her boss' word. [link] [comments]  |
| Posted: 04 Jun 2018 11:19 PM PDT Just had my home inspection completed and there are just a couple of really small things that came up (wire for heat system near exhaust, insufficient supply of combustion air for heat system, and missing the filter in the heat system). These are tiny issues that would cost less than $500 to fix, and I have no problem spending that money in order to keep the sale on track, but this is a new build so I am leaning towards asking the seller (builder) to have the items fixed. He has the crew and expertise to get it done quickly, and cheaply, and it would be nice for me to not have to worry about it after closing. Any thoughts on going to the seller to ask for these things to be addressed? Should I do it or just forget it to keep the deal going? [link] [comments]  |
| The management of my grandmothers building are not behaving professionally Posted: 04 Jun 2018 08:39 PM PDT okay so long story short, my 85 year old grandmother lives in Brooklyn in an apartment that my father owns. The management company that manages the property can care less about the condition of the building, with even some repairs being needed since since hurricane sandy. The super who lives in the building isnt even licensed and just some regular guy that the board of directors know. Also, only one person of the board of directors actually lives in the building. When hurricane sandy happened they made everyone in the building pay $2000 for "repairs", which doesnt make sense because I thought insurance companies paid for the damage. It feels like the board of directors all know each other and just collect the $400 maintenance fee every single month from the residents and just put it in their pocket. The gate to the resident parking lot has been broken for the past couple of months and there is no indication when it will be fixed. I looked up the management company of google and the address to the company came us as a random house in brooklyn, not even an "office" looking place. When the building lost they heat for 9 days during the cold months because of a gas leak, I called to complain and the guy at the management company didnt want to give me his name and was pressing numbers on purpose because apparently my tone wasnt to his liking. I seriously feel like there is fraud going on with this management company and I do not know what to do, I live across the country and feel helpless. My father lives in another country and is very limited to what he can do. Please help me reddit [link] [comments]  |
| 23 years old, thinking about going into real estate? Posted: 04 Jun 2018 01:36 PM PDT Gonna keep it short and sweet. I am 23 years old, working as a sales rep at a cellphone store and thinking about going into real estate. I like to talk to people, create relationships, love to sell, and I am a hustler. I just wanted to know if any real estate agents here can give any advice/tips on becoming a real estate agent. What steps would I have to go through to become one. Anyway I can do real estate while going through school or will that be too much work? [link] [comments]  |
| Posted: 04 Jun 2018 03:21 PM PDT This is an interesting article I came across this afternoon, about US home prices vs income and mortgage rates. [Article](http://www.mortgagenewsdaily.com/06032018_black_knight_mortgage_monitor.asp) Based on the mortgage payment to income ratio in this article, it seems we have a ways to go (about 5 years) before this housing market starts to cool off and impacts the larger economy. [link] [comments]  |
| mortgage late payments and new mortgage Posted: 04 Jun 2018 06:20 PM PDT I'm currently in the process of selling my house and trying to secure a loan for a new house. I got a preapproval from Quicken loans (I know this sub hates them). My agent recommended I get a second preapproval letter, so I contacted the guy she referred me to (Howard Hanna). This second broker apparently is doing a more thorough preapproval and noticed I have been making late mortgage payments. He said there probably isn't much he can do to help us. The guy from Quicken told me that mortgage guidelines state no more than 2 30 days and 1 60 day in the last 12 months. It would be fine on my jumbo, I only have 1. But my HELOC has multiple late payments. I think the reason that Quicken didn't catch it is that I have a bankruptcy from 8 years ago and the mortgage companies stop reporting payment history to the credit bureau. So how screwed am I? What if I end up selling my house and then wait 3 months to get a mortgage? Will they still consider those late payments? Should I just wait a year and get my shit together? Also, my real estate agent seems pretty upset considering we just got listed 5 days ago. She said it would end up costing us $500 for the photographer and other fees if we wanted to delist it. Nowhere in the contract we signed with her does it state anything about any fees like that. Any suggestions? I owe 80k on a 6.875% jumbo and 19k on a 7.75% HELOC. These rates are way too damn high. Should I just sell and live with my In laws for awhile and save up? [link] [comments]  |
| Not liking the condo I bought 9 months back Posted: 04 Jun 2018 02:34 PM PDT Hi, I live in the VHCOL Bay Area. I bought a fixer condo for 630K in San Jose and completely re-modeled it as per our liking. The re-modeling cost was around 30K. We discovered there were inconsiderate neighbors upstairs who stomp around and drop furnitures even in the middle of the night. This really bothers and annoys me and I have started to hate the place. I am considering selling the property as I am not enjoying this as a home. Luckly the property has appreciated a lot and a similar unit sold without any upgrades sold for 820K last week. What would you do in the current situation? Would you value the peace of mind more and move on or would you rent the property out considering the real estate market is so hot and units are hard to get. I have a 3% 7ARM. [link] [comments]  |
| Is real estate a good investment for cash purchases? Posted: 04 Jun 2018 03:46 PM PDT I am not eligible for a home loan and I have enough cash to purchase a mid-size home. But with returns at 3-5%, should I be looking to invest into something other than real estate? (US, AU) edit: Location [link] [comments]  |
| First time homebuyer, closing walk through Posted: 04 Jun 2018 05:31 AM PDT I'm closing on my house in a few weeks, on a Friday at 9am. I was told over the weekend that the sellers won't be moved out until 6pm the day before and are having professional cleaners come the morning of closing. Is this normal to cut it so close? I want to do the walk through AFTER the cleaners are done in case of damage, so I think I'm going to have to push back my closing time.... is this smart or does it not matter? (NC) [link] [comments]  |
| (FL) What could happen at this point to delay closing? Posted: 04 Jun 2018 09:57 AM PDT Everything has gone really smoothly so far. Within the last month, my boyfriend was approved for a loan, got his offer accepted (on a vacant house), inspection went great, appraisal came in over the offer by just a few K, the bank is happy with it, he has insurance set up, and the closing should be the 15th. Can we bank on this going through or are there some other kinks to look out for? Should we start packing? [link] [comments]  |
| Accidentally found a home we love; what should the next steps be? Posted: 04 Jun 2018 08:33 AM PDT My fiance and I had a timeline for our first home buying process (here in NJ) and planned on finding a real estate agent this summer... but unexpectedly, we went to a random open house yesterday and fell in love with the house. If we want to move ASAP on it (since the NYC suburbs are typically a hot market and it was a crowded open house), what should the next steps be? rush to find an agent today? contact the seller's agent? call the whole thing off and just be better prepared for the next house? haven't been preapproved for a loan yet, but it's not something I'm worried about (6-figure income, no debt, and +800 FICO score; based on a mortgage calculator, the mortgage + taxes/insurance would only be about 25% of our income) [link] [comments]  |
| Purchasing a forecloser with multiple renters still living in home. (CAN) Posted: 04 Jun 2018 04:43 PM PDT Let me start with this is my first reddit post so apologies if I'm not on form. That being said , we are looking at purchasing a forecloser that has 4 renters still in it. 1. Is this common for renters to be present and how does one get them removed upon sale? 2. Are they liable if they trash the place upon eviction? 3. Does the previous home owner still have access to the property? The seller on agents fact sheet is Court of Queens Bench of Alberta. 4. What risks in general come with purchasing a forecloser? Ty so much for any insights on this. [link] [comments]  |
| [Oklahoma] Will borrowing from 401k risk sale falling through? Posted: 04 Jun 2018 04:42 PM PDT We had an offer accepted and are under contract. We'll be using an FHA loan, and Our contribution to closing costs is more than we expected in the offer estimate, and I'm not sure we'll be able to make it work. We're looking at options, and one of the best right now seems to be borrowing $2k or so from a well established 401k. Will this affect financing? Is there a risk of the mortgage lender backing out on the sale if we do this? [link] [comments]  |
| Posted: 04 Jun 2018 07:32 PM PDT ...but I know nothing about the job. I can use tools no issue and I can solve problems, but how does one actually get into the business? Where do I start? Update as per LocationBot: I'm located in the triad of North Carolina, USA. Specifically Greensboro, which I hear is a great place for flipping [link] [comments]  |
| Posted: 04 Jun 2018 01:14 PM PDT Hi, I am purchasing a home and scheduled to close June 7th. I was exploring the option of buying down points. My lender sent me some information that shows how much I would have to pay up front to buy down certain amounts and how it brings my monthly payment down. I was curious if anyone knew, should you always buy down points if you can afford it? I am interested in getting my monthly payment down, but it seems that for the max amount it would be less than a $100 difference. Thanks for your thoughts. [link] [comments]  |
| Low Appraisal on Purchased Home Posted: 04 Jun 2018 06:52 PM PDT Hey guys, My boyfriend and I are selling our current home and moving (obviously.) We found a house we LOVE, just needs some basic cosmetic updates we're fully prepared to do. This house had only been on the market for 1 day and had an open house the next day, so our agent suggested offering 5k over asking price (asking price was 299,900, we offered 305k in West Bloomfield, MI.) Had the appraisal and the house only appraised at $270k. Our agent originally thought the sellers would drop the sales cost to the 270, but they won't accept less than 285/290k. Is our only option to walk away? It seems crazy to me that if you own a home that's not appraising, and the appraisal sticks with the house, why would they think they can get $290k for it? Am I missing something? Could they really get 20k over the value of the home? [link] [comments]  |
| Posted: 04 Jun 2018 02:56 PM PDT I am negotiating with a seller who is interested in selling her property to me with seller financing. The house is a dump and needs a lot of fixing. we've agreed on terms but the issue is that she has a $65k mortgage on the property. I only have $25k for the downpayment and it will not cover the payoff of her mortgage, commission and fees. I have the seller looking into a wrap around possibility and or if the loan is assumable. If I were to get a loan for the difference and have her be in second position I have a feeling her attorney will advise against it. Worst case scenario I am thinking I can get a personal loan for the difference. Does the fine people of reddit have any savvy ideas here? Any help would be much appreciated. EDIT: I'm sorry guys I realize now I should of given more information on the situation. I tried to keep the post short. The place needs a lot of repair but is currently habitable. It's actually being rented for $1300 a month currently. If it were in turn key "move-in" condition it would probably appraise around $490k. In its current state it is worth about $280k. That's why at $265k I consider it to be a deal. With some mandatory repairs I could get it to qualify for a loan but for tax reasons the seller doesn't want to pay capital gains. Her accountant advised her to wait until she retired to sell. This was my savvy way around it. Seller financing helps both of us. How? By charging me 5% interest for a 15 yr mortgage with the request that I don't refinance and pay her off. Again, for tax reasons. No there is no prepayment penalty and I discussed with her that my plan would be to pay it closer to 10 years. I would not start any repairs prior to paying off that small mortgage and having the property be completely in my name. Since the current tenants are content with the condition of the property there would be no reason to fix anything at this time. Everything is up to code it's just rough. If and when I do go to move into it I will end up gutting the house and doing a full remodel. Coming from a family of contractors I can do the remodel for mostly the cost of materials and get an owner/builder permit. I really appreciate your input. [link] [comments]  |
| Posted: 04 Jun 2018 02:48 PM PDT Does anyone here have any experience investing in land in the Conservation Reserve program? I am looking at a parcel of land that would cash flow with 20% down and the lease payments are from the government. Is there a downside I am missing? Is there something specific I should be asking that I am not thinking of? There are 14 years left on one contract and 3 years left on the smaller contract. I don't think the land is worth much of it is not in the program. [link] [comments]  |
| Selling my condo soon - question about whether or not do redo baseboards Posted: 04 Jun 2018 06:32 PM PDT When I bought my home, my father installed floorboards in our livingroom. Instead of doing it the proper way, he installed them so that they're right up against the existing baseboards instead of under. I'm considering putting some quarter round in front of it, though it may make the imperfection more apparent. Regardless, it's much better than the gross carpet we had before. TLDR; Our floorboards are up against the baseboards instead of under in our livingroom. Is a minor adjustment like this even worth the effort now that we're thinking about selling? Thank you! [link] [comments]  |
| Posted: 04 Jun 2018 02:13 PM PDT I gave up my homestead a while back on my house in Tarrant county Texas, and my taxes really jumped up due to increases in land value. I moved down to Houston temporarily to be closer to my grand children. I now have the intention on moving back and filed for another homestead on the property in Tarrant County. The county then sent me an explanation letter that I need to fill out and then send back to them. (I was going to scan it and post it here, but this sub it seems does not allow for images.) Basically the questions I need help with are:
I believe in the state of TX as long as you intend on returning within 2 years to your primary residence you can file your homestead. I just do not want to make a mistake filling out this explanation sheet and not have the ability to get my homestead back on this property, otherwise I might be forced to sell it due to the huge tax increases. Thanks so much for all the help here! [link] [comments]  |
| Posted: 04 Jun 2018 05:36 PM PDT So I'm looking to buy a home in Upstate NY and got approved for a FHA loan. The home I'm looking to purchase has peeling paint and the real estate agent said I need to get my loan changed to a 203k loan to get it paint repainted . What are the chances that the bank lending me the money will change the type of loan? [link] [comments]  |
| Bypassing The 2 Year Minimum Rule With Loans Posted: 04 Jun 2018 05:20 PM PDT I bought a rental property in Connecticut last year in cash when I was 19, remodeled it in cash myself, and now it's worth $150,000 and grossing $32,400/yr. I have been trying for the past year to somehow pull some equity out of this house so that I can continue flipping, but I keep running into the 2 Year Minimum wall. My income - while high at ~$60,000/year including the rental income - is a patchwork of self-employment history. I've been a college student for the past 3 years so it's not like I have the time to work a full time job, and I wouldn't be making nearly as much as I do on my own. I also only have a single credit card account that has surpassed it's second anniversary. I've talked with 13 lenders from Banks, Credit Unions, and Private Equity, and I've routinely been denied either because my income isn't 2 years old, or I don't meet the minimum number of credit lines over 2 years old. I realize I'm in a pretty good place financially for my age, but I'm terrified of stagnating - it's killing me not having another rental property already when I have all this equity, knowledge, and talent at my disposal. At the present moment the only offer I was able to get was a 12% APR hard money loan as a first position on my current rental and the future rental for 1 year, at 2.5 points - which is highway robbery and extraordinarily risky. Are there any other possibilities out there I could explore before I go through with the hard money loan? [link] [comments]  |
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