Owner of house near me recently passed away. Records say Bank has taken house back. Real Estate |
- Owner of house near me recently passed away. Records say Bank has taken house back.
- Put a deposit on a condo then find out the HOA doesn't allow dogs
- First Time buying a home and I feel like I'm going about Lender searching the wrong way...
- Using an Oregon Real Estate License to practice property management
- Realtor Questions - how many, how long before, what's kosher?
- Parents passed - taking over mortgage. Need some advice?
- Vegas Dumps Zillow
- Lender quotes a higher rate for 20% down than 15%. Is this BS?
- Tenants toilet isn't working and the leaking has damaged the floor, I have some questions.
- Need info on Qualified Opportunity Zone viable opportunities
- Real Estate Sources, Historical and Modern
- Getting ready to sell home in Central Texas. Should I replace master bedroom carpeting with wood flooring?
- Military family, possibly wanting to buy in 2020, worried about increasing interest rates.
- Lender Origination Credit
- Advice Needed - 1 primary 1 rental want to pull equity to pay bills.
- Question about HVAC and home inspection
- Appraisal report came in today, looks great. How long until closing/keys?
- Buying a house as a non resident.
- How can someone find a decent home in San Diego
- How does hotel ownership work?
- Anyone know a lender who will do a portfolio loan on residential properties based on appraisal value with 6 mo or less seasoning?
- Downside to using a broker as a buyer?
- Selling home - Pros and cons of a real estate attorney?
- Can a reevaluation to show market value lower payments in FL??
| Owner of house near me recently passed away. Records say Bank has taken house back. Posted: 20 Nov 2018 09:28 AM PST A house near me is listed on Zillow as being potentially a foreclosure home. After doing some research, the original owner (single guy) purchased the house in 2016, but got in a car accident recently and passed away. I'm renting in the area and really looking for a house to buy, specifically a duplex, which this one happens to be. The house is not listed and local forcelosure laws state that family has 6 months to get the house back, I think. Assuming that his parents/family would have that option to do so. I'm not extremely educated in foreclosures so I may have some incorrect terms. In short, I'm interested in purchasing this duplex. Do I need to wait until it hits the market or is there a better way to contact the bank or family to show interest in the house to help ease burden. I'm not trying to take advantage of the grieving family. I just really like this suplex and the area it is in. What would you do? Thanks in advance for any and all comments / coaching. [link] [comments]  |
| Put a deposit on a condo then find out the HOA doesn't allow dogs Posted: 20 Nov 2018 06:14 AM PST I put a deposit down on a home a week ago and started the appraisal. I went to the inspection yesterday where I find out for the first time that the HOA has a zero dog policy by signs posted in grassy areas. I can't imagine giving up my pet. This information was not included in any part of the listing or agreement. Can I back out and still get my deposit back? [link] [comments]  |
| First Time buying a home and I feel like I'm going about Lender searching the wrong way... Posted: 20 Nov 2018 08:38 PM PST As the title suggests, my soon to be wife and I are looking to purchase our first home no later than March. I was screwing around in bed on my phone and somehow ended up on Lending Tree hoping to see a min and max rate of the current market just to get a feel for what I might be getting myself into. After some late night key strokes, I spent most of today getting phone calls from what felt like every lender under the sun. How should I be going about this? Should I contact my bank, a 3rd party and a credit union? Also, I would like for all my credit inquiries to hit around the same time. Is there a window for that? [link] [comments]  |
| Using an Oregon Real Estate License to practice property management Posted: 20 Nov 2018 02:42 PM PST Hello everyone, I apologize if this has been asked in the past but I can't seem to find the right information it. Can you practice property management with a real estate license in Oregon? From my understanding you can become a license property manager and not practice real estate sales. You can get a real estate license and practice property management or sales but not both. Is this correct? [link] [comments]  |
| Realtor Questions - how many, how long before, what's kosher? Posted: 20 Nov 2018 12:21 PM PST About me: I'm a young professional saving to buy a house. I don't think I'm ready at the moment to buy, but I go to open houses occasionally to better educate myself on the market. I don't have a realtor currently, but was curious how the process works, and what is appropriate etiquette? Questions: When is the right time to meet with realtors? How early is too early? What resources do you use to locate a good realtor? When meeting a realtor - what questions should you ask to asses if they are competent? How many realtors can/should you have a relationship with? Are there any benefits of having one realtor or being exclusive? What are they looking for when meeting - how are they evaluating me (do I have funds, am I serious)? [link] [comments]  |
| Parents passed - taking over mortgage. Need some advice? Posted: 20 Nov 2018 11:21 AM PST Hello! My mother and father in law have both passed during the last two years. After my mother in law passed my wife and I assumed care giving for her dad. He passed in February - neither had a will and both had to go through probate. We are at the end of that now and I spoke with our probate lawyer (who has been of very little, but very expensive help) and found out we are supposed to finish moving the property into our name prior to closing the probate. My wife and I have lived her for over two years and have been making all payments since moving in. After some googling I found that I could call the mortgage company and basically tell them to transfer the payment and information into our name. But we don't really want to assume her parents mortgage - the rate is ridiculous. We'd like to refinance but we aren't sure how we go about that? Can we just contact some mortgage brokers in our area to get the best rates possible and they would know how to handle the legalese of moving the house from her parents name into ours? Any advice OR any suggestions on who to contact for advice would be supremely appreciated. My wife and I have never owned a home so we are completely lost when it comes to this stuff. EDIT: I should add that we would also like to refinance at more than is owed on the house and put those funds towards repairs and improvements that will make the home more comfortable for us to live in and easier to sell when we choose to. Who is the best person to take a look at our home and provide us with suggestions on where we should invest (obviously we know kitchen and bathroom etc)? We really want to figure out a ballpark on how much more we should take out a loan for prior to closing on a refi. And for knowledge (but not too much) what's owed on the house is roughly 30-35% of what the house appraised for when we had an appraisal done earlier this year. But the home has been poorly cared for over the last decade and needs a lot of TLC. [link] [comments]  |
| Posted: 20 Nov 2018 05:00 PM PST |
| Lender quotes a higher rate for 20% down than 15%. Is this BS? Posted: 20 Nov 2018 07:25 PM PST Hi all, I'm starting to shop around for mortgages on a condo. I can afford 25% down on a $240k loan, my credit is bulletproof (lender did a hard pull and it came out at 778), I'm a first-time homebuyer and I'm going for a 30-year fixed, no points. Here's what he quotes me:
Options 3 and 4 sound fishy to me. Higher down payment is more secure, right? So that means a lower rate should be feasible. I get that I lose access to option 1's assistance program, but that rate hike from not having PMI sounds like greed to me. Is my BS alarm correct here? This lender is the first one to give me a quote so far and I'm in no way attached to them. I just want to know what to expect when I'm comparing. [link] [comments]  |
| Tenants toilet isn't working and the leaking has damaged the floor, I have some questions. Posted: 20 Nov 2018 06:40 PM PST Backstory for those who want a read. So I've had a tenant for 16 months. Great tenant for the first 12 months no problems at all, always paid the rent on time. For the last 3 months her daughters moved in and been living with her. I didn't raise her rent or anything wasn't a big deal to me they are both clean. But since her daughters been there the toilets been giving me some trouble. She calls me i go out there unclog it and everythings fine, ive been out there 2 times already but this time...This time everything is not fine. Its a two layer sub floor so the top layer has rotted out from the toilet leaking so now i have to buy some cement boards and replace that while also putting down new tile and ofc buy like a $50 snake unclogger to try to unclog this pipe. She keeps calling me telling me "please just call a plumber you guys have been here 3 times and haven't fixed it its almost the holidays and i always pay my rent on time!"(Its true i've been out there twice to unclog and spent about 5hrs today until the sun went down and I think i've found the root of the issue) I understand where shes coming from but at the same time I definitely feel like I can fix it myself i was there for like 5hrs and I'm like 80% sure i know what I need to fix but at the same time shes pressuring me so much its worrying me because its almost rent time. Questions:
Also I want to add i'm not a "scumlord". I've been a landlord for nearly 2 years with absolutely no complaints this is my first time going through something like this and I want to make sure i'm doing everything by the book so I'm not a scumlord. I have no problem paying the fee if i can't fix it myself, but i'm confident I can so want to make sure I can legally take an extra day or two to fix this issue. Sorry if this is long, i appreciate any help. [link] [comments]  |
| Need info on Qualified Opportunity Zone viable opportunities Posted: 20 Nov 2018 06:15 PM PST I sold my house at the end of August. I will pay significant capitol gains tax on the gain. I recently was informed about these Qualified Opportunity Zone as a way to defer those capitol gains taxes. However, it seems from the articles I have read is that the rules are not well defined yet. I read Financial Samurai's blog post about them, he mentioned the Fundrise Opportunity Fund. I am wondering if anyone else has actually invested in this, or something like it. If it is a viable option, I would need to get moving on it. I was hoping I could find something like a REIT that would give me income from the investment, but I don't know if that is possible, or if its supposed to be just a long term growth option, where I put my money in and wait 10 years. I was hoping to retire next year, I would need that money to help generate income, so if that is not possible I would have to take the hit and just pay the tax on the gain and put the remaining money in something else like CD Ladder, Bond Ladder, Dividend Stocks, REITs, etc. Please let me know if you have any solid experience with these or anything you could recommend. [link] [comments]  |
| Real Estate Sources, Historical and Modern Posted: 20 Nov 2018 06:08 PM PST Hello all, I wanted know who might be some of, it not the best, sources on real estate, historical and modern? [link] [comments]  |
| Posted: 20 Nov 2018 06:04 AM PST My house is 5 years old and has ceramic tile in living areas, carpeting in bedrooms. The master bedroom carpeting shows wear. I'm trying to decide if I should just re-carpet or invest in wood flooring. Any thoughts? [link] [comments]  |
| Military family, possibly wanting to buy in 2020, worried about increasing interest rates. Posted: 20 Nov 2018 05:44 PM PST A few things: my husband is in the military and we will be at our next duty station in spring 2020. We don't know where that will be, but if it's a place we like and it doesn't seem like it would be too hard to sell again in the future, we'll probably buy. However, I'm worried about rising interest rates and if we'll be able to afford anything within our BAH (housing allowance). I know that in the grand scheme of things they are pretty low, but still, they've risen a lot lately and that effects a monthly payment a lot. I've read articles predicting a small recession soon because of rising interest rates. I guess I'm looking for a discussion on interest rate trends and where you think they will be for 2019 and 2020? Do you predict that it will be better to buy a house in the next couple years, or worse? And any advice on how to potentially prepare next year to buy a house? What ducks should be in a row? [link] [comments]  |
| Posted: 20 Nov 2018 04:46 PM PST When a mortgage lender gives you a 'lender origination credit', of say $5,000, but the actual closing costs only total $3,500, what happens to the remaining $1,500? Does it go into 'escrow' to be applied towards the taxes and insurance held in escrow for your first 6 months, or does it disappear because lender credits can only apply towards actual closing costs? [link] [comments]  |
| Advice Needed - 1 primary 1 rental want to pull equity to pay bills. Posted: 20 Nov 2018 07:47 AM PST One rental property in WA state estimate is 340,000 owe 200,000. Primary residence OH estimate 304,000 owe 245,000. I have family renting the house in WA so I can't kick them out and sell. I tried refinancing to take cash out of the rental but they wanted 6 months of rental income in the bank. I just want to money to pay off credit cards and bills etc. How can I get money out of my houses? What am I missing without having loads of cash in the bank? Any tricks out there? [link] [comments]  |
| Question about HVAC and home inspection Posted: 20 Nov 2018 04:28 PM PST Under contract for buying a house. HVAC was disclosed as 19 years old so we knew it could be potentially near the end of its life. Home inspector didn't like what he saw, asked us to get an HVAC contractor to look at it. HVAC contractor says heat exchange is good, but the whole furnace is barely functional. Says we'll be lucky to get through the winter on it. Could not test the AC, due to outside temp today, but he says from the looks of it, doesn't look good. Also, there are some rust spots on the inside ductwork (a few rusted through which could be indoor air quality issue. This is New Jersey by the way. I know there's a potential conflict of interest in him wanting to install a whole new system, but I can usually spot someone who's not being honest. Assuming he's correct and its on its very last leg, do I have a right to ask for it to be replaced, share in the cost of being replaced, or am I SOL? [link] [comments]  |
| Appraisal report came in today, looks great. How long until closing/keys? Posted: 20 Nov 2018 04:12 PM PST Seller accepted our offer on 10/27. We were pre-approved for loan, submitted docs to underwriting about 2 weeks ago. Came back with easy conditions. Mortgage broker is submitting the requested documents today. The appraisal report came back today perfect...the exact selling price of the home. How long from this point until closing & we get keys? Thank you! [link] [comments]  |
| Buying a house as a non resident. Posted: 20 Nov 2018 03:39 PM PST I'm originally from DC (I'm a citizen) but I've been living abroad for ten years. During that time I got married to an Italian citizen and had kids. We want to move back to the states (Maryland) within the next year. We want to buy a house then apply for the green card for my husband from the US (doing it from abroad can take about 18 months). I've been a stay at home mom all the time I've been abroad and since I've been gone so long my credit is none. My husband owns his own company so we have money and enough for a down payment on a conventional loan. Thing is, we don't know where to start looking for an agent who deals with international buyers. Can anyone point us to the right direction? [link] [comments]  |
| How can someone find a decent home in San Diego Posted: 20 Nov 2018 02:21 PM PST I'm at my wits end, my husband and I just cannot find anywhere to live here in the area we're wanting to live. We finally decided to wait on buying until the prices go down. Renting is a completely other nightmare. We have 2 kids, my husband makes the most money out of us two. I'm going to round it to about 95k a year roughly. On his income about 4800-5k monthly. In San Diego we are basically poor because of the cost of living. We have been looking for a 3b 2b and it's damn near impossible to get anything affordable with our income. Then you throw application fees in there to possibly be considered and then, you didn't get it. Someone else did. We can't afford to just give these property management co. $35-$45 each application to "maybe" get a rental. So how do people live in San Diego, seriously? I've lived here my whole life and thankfully we rent from family right now. However 2b 1b doesn't work for a family of 4. Any tricks you guys want to share to ensure getting a rental without fees? I'm desperate. [link] [comments]  |
| How does hotel ownership work? Posted: 20 Nov 2018 02:19 PM PST If there is a better sub to ask please direct me. There are 4 hotels on my area. 2 of them have changed ownership multiple times recently. They switch from one major chain to another. Can someone explain why this happens? [link] [comments]  |
| Posted: 20 Nov 2018 02:15 PM PST I figure if there are any options, they are likely local. This is for Milwaukee, WI. [link] [comments]  |
| Downside to using a broker as a buyer? Posted: 20 Nov 2018 12:48 PM PST I'm curious if having a broker, as a buyer, can be a disadvantage when shopping for a home. My concern is that the seller's broker may favor other buyers, that aren't using their own broker, knowing that they won't have to split the commission. Is this common? Thanks for reading. [link] [comments]  |
| Selling home - Pros and cons of a real estate attorney? Posted: 20 Nov 2018 08:41 AM PST My state requires an attorney, and my agent is asking if I want to use the buyers attorney as we move to closing. What would be the pros of doing so (e.g., maybe lower cost)? Since that attorney won't represent me, what are the cons and possible things could go wrong? [link] [comments]  |
| Can a reevaluation to show market value lower payments in FL?? Posted: 20 Nov 2018 12:17 PM PST In 2004 my Mom bought a house for $115,000. Its 2018 and the market value of the house is now significantly lowered to $85,000. My question is... *"Can a reevaluation to show market value lower payments in FL??" Not just payments but the overal amount owed??? It feels quite unfair that we have to pay on a high principle when the current assesed market value is significantly lowered..... Is there anything I can do legally about this? [link] [comments]  |
| You are subscribed to email updates from HomeOwners & Investors. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment