My parents house is going up for auction, what can I do? Real Estate |
- My parents house is going up for auction, what can I do?
- Why do mobile homes look so good as compared to houses in a similar (or lower) price range?
- I am currently in Escrow and I think my closing costs are too high; am I screwed?
- Is it normal for a management company to want to be 'additional insured' on our insurance policy for the investment property?
- What is the MOST PETTY thing you’ve ever seen in a TRR (repairs request)?
- Which of These Mortgage Fees are 'Junk Fees' that I Might be Able to Negotiate Away?
- Oakland - Whats the best way on a vacant lot to get back tax, lien, title info
- (Texas) Partition to Sell Home of two Co-owners
- Sublease
- Bad Realtor?
- Is the "floor space" from builder the usable interior space or does that include the walls?
- How much should I put down?
- Dispute about repairs required for closing
- Expectation for Final Walkthrough?
- Real estate Lead gen companies and cash offer websites ...
- Change garage door locks?
- Dream Home Taken Off Market but Didnt Sell - Ok to Contact Homeowner?
- purchase cash or mortgagee - public info or not?
- Appraisal then lowering sale price
- Procuring Cause in a relisted condominium. Florida
- Asbestos Siding Covering Question
- I want to invest in Orlando because I like the city
- Recommended reading for someone totally new to real estate?
- Does anyone have a sample of an agreement between a landlord and property manager? I’m getting a property manager & have no idea what the contract should say. Any help is appreciated.
| My parents house is going up for auction, what can I do? Posted: 08 Aug 2019 04:48 PM PDT I'm not really sure where else to turn. I still live with my parents, though I plan to be leaving soon. I have a well paying job and am self sufficient, I'm just looking for a place right now. My entire family today left on vacation to Disney World, which is quite expensive, and after the flight landed my dad called me and explained that my mom hasn't been making mortgage payments (she's in charge of that) and has been throwing out all the notices. Unbeknownst to all of us our house was foreclosed on, and is going up for auction in 8 days. They won't be home for 10 days. My dad isn't sure he has the capital to buy our house back, so we may lose it if it goes to auction. Is there anything I can do before the auction to stop my family from losing their home? [link] [comments]  |
| Why do mobile homes look so good as compared to houses in a similar (or lower) price range? Posted: 08 Aug 2019 03:19 PM PDT My fiancee and I have been house shopping, mostly for fun right now, will probably get more serious in a couple years. We've decided we're okay with a mobile home (no parks though), but they most we'd pay for one is around $50k and the most we'd pay for a 'real' home is around $95k, unless we find something with good land or nearby a river or something like that. Ideally we're looking for something with a modular kitchen, 1-2 bedrooms, and 1-2 bathrooms. I'm leaning toward a 'real' home because the roof will be strong enough to install solar. We're looking in relatively low cost of living areas, so nothing we're finding is broken down or needs a ton of work, but what we've noticed is that every mobile home we've come across looks like it was designed by Ikea (which we love) and every house we've seen so far has such strange design choices that it's a huge turn off. I'm talking like windows put in diagonally (or all the windows are stained glass church-style), extremely steep A-frames leading into the ground, thick shag carpets in the bathrooms with some questionable stains, every room painted a different shade of dark brown, hallways so small not even a child could squeeze through them, additions that look like the builder just squashed two very different houses together, and quite a few where the entire outdoor lawn has been replaced with either a gravel pit or the kind of fabric you see on mini-golf courses. I get that in such a low price range we're not going to find anything phenomenal, but I also feel like if people can build mobile homes so inexpensively, it should also be relatively inexpensive to build a house that looks just like a mobile home on the inside. We've been getting to the point where we're describing what we want in a home as "a rectangular box with laminate floors and white walls (and I know we can paint it ourselves), a bathroom with a tub, and simple electrical/plumbing that doesn't make repair people tear their hair out when they see it". Is this normal or are we just looking in the wrong areas? Have other people had these experiences also? [link] [comments]  |
| I am currently in Escrow and I think my closing costs are too high; am I screwed? Posted: 08 Aug 2019 11:03 AM PDT I am in California (central valley) and my closing costs are $12k on a $245k home on a FHA loan or I can choose a Cal HFA loan (buyer assistance) and total closing costs are going to $4k more? (I need to ask lender on the exact amount). Is this reasonable?? I want to go another lender and get a second opinion, but can I do this? Am I too late? I already submitted my deposit and paid for inspection. (I think I have 2-3 wks left til Escrow closes) [link] [comments]  |
| Posted: 08 Aug 2019 02:30 PM PDT |
| What is the MOST PETTY thing you’ve ever seen in a TRR (repairs request)? Posted: 08 Aug 2019 09:57 PM PDT Simply curious what's common across the country. How would you like to have "professional house cleaning" before move out included on your TRR? [link] [comments]  |
| Which of These Mortgage Fees are 'Junk Fees' that I Might be Able to Negotiate Away? Posted: 08 Aug 2019 04:38 PM PDT I'm under contract for a property and currently shopping mortgages. Below is a breakdown of fees associated with a mortgage that I'm considering. I've got suspicion on which of these are 'junk fees', but want to confirm with the experts here. Location is New Jersey, USA (if that matters):
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| Oakland - Whats the best way on a vacant lot to get back tax, lien, title info Posted: 09 Aug 2019 02:54 AM PDT Alameda parcel map isnt helping or the rest of the site. [link] [comments]  |
| (Texas) Partition to Sell Home of two Co-owners Posted: 08 Aug 2019 07:21 AM PDT Pretty sure this is not an unheard of situation. Boy meets girl, boy buys home, girl will move in only if on the deed, boy puts girl on the deed against all contrary advice and reason. Boy is the only party obligated on the mortgage. Boy pays most of mortgage, but girl does make 20% contribution toward ownership costs. Boy and girl discover they don't get along. Boy and girl break up. Boy wants to buyout girls interest or sell the home, which ever will result in not living together. Girl wants to continue living in home until she decides what to do next. Girl says she will decide what she wants to do February 2020. Boy says that is too long. Boy is not interested in making back his "investment" as the home was purchase approximately 1 year ago and the 1/2 interest in $14k equity isn't not worth spending the next 6 months with girl. What are the cons of Boy filing for a partition sale of property? What are the typical timelines from filing to an auction sale? What other concerns should boy have? [link] [comments]  |
| Posted: 08 Aug 2019 04:08 PM PDT Hi, I've been trying to sublease my apartment for August and September bt could not find anyone for August so paid my rent for the month of August. I signed a short term lease for 3 months because I had to do an internship. The manager to my apartment called me and said they found someone that wants my apartment and I have to leave by Aug, 9th. She told me that I cannot be reimbursed for the month of August and if I didn't do the deal I would have to pay for the month of September. I would like to move back home bt I've already paid for August rent, what should I do? Location: Pensacola, FL [link] [comments]  |
| Posted: 08 Aug 2019 04:29 PM PDT I started using an agent. I asked to see a property on the 4th at 10AM, he got back to me on the 5th at 6PM, 8AM on the 6th I gave him my availability. He got back that day and said only Thursaday so he'd try to get me a time after work that day. I confirmed ok and he had asked if any other properties were a go. I gave a second choice property. I hadn't heard back from him since the 6th so I asked him today if that was still going to work (around 12:30PM) and I'd wondered if he's straight forgotten about me. He got back to me within minutes saying he'd check. He knew I got off work at 4 and at 3:56 emailed me saying the seller was being difficult and not allowing showings as they're sick. I'd asked about two properties. The main one has been on the market since January and had a price reduction. I can't imagine there's a huge demand as there's no interior photos and it has renters I'd have to evict to move in and I have only seen the outside and know the area is nice. Realtor never mentioned the second house, either. I will admit that I've gotten used to my 'two days Prime shipping' expectations but I'm starting to wonder if I want this guy handling the whole thing. Am I being unreasonable in my expectations for responsiveness? It feels like maybe he forgot about me and just threw out a reason when I questioned him and he didn't get a response from the other team in three hours. [link] [comments]  |
| Is the "floor space" from builder the usable interior space or does that include the walls? Posted: 08 Aug 2019 04:19 PM PDT I'm quite confused with the term "floor space" as it seems some realtors and builders are using the interior usable space and some uses the "exterior" space which includes the walls - there can be at least 100 sq.ft difference with those two numbers. Is there a standard to derive these measurements or something that everyone follows? PS: I'm in Ontario, Canada - maybe it means different things in different places? [link] [comments]  |
| Posted: 08 Aug 2019 08:48 PM PDT My home offer was accepted at 900k. I'm not certain how much I should put down. I could put 20% down if I needed to but it's an expensive place And I would lose a good chunk of my current savings to do it. I went with putting 5% down on a doctor loan and there is no PMI and my 10/1 arm is 3.125% - this is all based on the preapproval. I like the idea of keeping costs down even if it leverages me up and my monthly is a little more and since there is no PMI is not a significant penalty to go 5% down. But I could put down more if there was some rationale to do so. Also on the preapproval there is some addition of $400 a month for escrow, not for principal/interest. What is that referring to? Appreciate the thoughts [link] [comments]  |
| Dispute about repairs required for closing Posted: 08 Aug 2019 04:13 PM PDT We signed a purchase agreement a month ago and are nearing closing. The inspection had about $4k in items we just agreed to take a credits on. Then the appraiser noted that there is a safety issue because of a missing deck railing. The seller is insisting we should split the costs, and was told it is only a requirement because it's an FHA loan. I spoke to my lender and she said it's a safety issue and the FHA requirements have nothing to do with it and any loan would require it be fixed. I am at a loss because it does seem to me anything not up to code should be on them, but am I right? [link] [comments]  |
| Expectation for Final Walkthrough? Posted: 08 Aug 2019 07:45 PM PDT We recently attended our final walkthrough the night before an early AM closing. To our surprise, sellers still had possessions in the home and were staying there. While it's technically their home, is it normal for this to happen? We expected possessions to be out and nobody living there anymore such that we could assume what we saw was truly the final state of the home before we take possession. We have fear that there could be damages incurred between then and closing. Is this an over-reaction on our part? What's the take on this. Edit: I think my question is misleading. This is in regards to the walk-through BEFORE closing. Just want to know if it's normal for them to still be there with stuff at that time. Past experiences were homes were always vacant at final walkthrough but not this time. It's just weird to me. [link] [comments]  |
| Real estate Lead gen companies and cash offer websites ... Posted: 08 Aug 2019 11:54 AM PDT Just curious, I am looking into getting into wholesaling and I noticed lots of "quick cash" buy your house type websites with forms. I assume a lot of these websites are selling the leads maybe... Was wondering if it would be a good idea to just pay for leads, anyone else do this? Or do most of you hunt and generate your own deals? Also..curious how companies like webuyuglyhouses.com operate...do they actually buy the home, or do they just serve as middle men between cash buyer and home seller (they are sort of like a wholesaler?) Reason I ask is, would it not be wise to reach out to companies like this if I am looking into wholesaling? I can shop my deals to them? Thank you. [link] [comments]  |
| Posted: 08 Aug 2019 05:07 PM PDT This might be the wrong sub, so my apologies if it would fit better elsewhere. One of the first things I did when I purchased my home was to change the 4 exterior door locks. That was a month ago and it just occurred to me that I should probably change the garage door locks. Not keyhole locks-they are automatic doors with remotes. Is this something feasible to do or does the whole system need to be replaced? [link] [comments]  |
| Dream Home Taken Off Market but Didnt Sell - Ok to Contact Homeowner? Posted: 08 Aug 2019 11:32 AM PDT My wife and I found a perfect house a couple of months ago, well within our price range and it really ticked all of the boxes for things we desired. We even bid on the home but were outbid by 2 other offers (one offer was supposedly either cash or way over asking - the other was the same as ours). The realtor said they weren't taking backup or counter offers and it was a done deal. A few weeks passed by and the home was still in pending status, our realtor called the homes realty company and they said it was still waiting to be assessed. Another week passed by and the for sale sign was taken down, the homes info online showed it did not sell, and now months have passed and it appears to be all the same home occupants as before. Would it be a bit bold or over the top to attempt to reach out to the home owner to see if they'd like to sell or what kept them from selling earlier? In person seems a bit much, but would a mailed letter be an ok approach? The place was felt like one of those once in a lifetime chances and I wouldnt mind sticking my neck out if it was appropriate. [link] [comments]  |
| purchase cash or mortgagee - public info or not? Posted: 08 Aug 2019 12:45 PM PDT is there a way to know if a purchase of property is under a mortgagee or not? for example see how here https://www.realtyhop.com/property-records/search?q=sonal+bhatia says "mortgagee..." please advise ... thank you [link] [comments]  |
| Appraisal then lowering sale price Posted: 08 Aug 2019 03:21 PM PDT Hopefully a quick question. I'm trying to buy a house and the inspection and appraisal were both today. The inspector found numerous things that will need to get fixed/seller give a price reduction to accommodate. Is there a possibility that the appraiser appraises the house at the original offer, buyer and seller agree to a lower price, which then creates more equity in the house for the buyer? [link] [comments]  |
| Procuring Cause in a relisted condominium. Florida Posted: 08 Aug 2019 03:17 PM PDT To sum it up. Condo is up for sale. Potential buyer looks at it, but does not make an offer. Condo goes off the market for a few weeks, while the owners do some decorating on it to make it show better. Condo gets relisted with a different real estate company at a different price. The same potential buyer looks at it with a different agent than the first time and decides to buy it. Is that an issue? it's an entirely new listing with an entirely different company. The potential buyer has a different agent than the first time. An agent from another agency. The first agent is aware they're no longer working with them. [link] [comments]  |
| Asbestos Siding Covering Question Posted: 08 Aug 2019 12:52 PM PDT EDIT: I am not asking about the pros/cons of asbestos siding. I am asking whether professionally covering it with another siding will mitigate it from official records. Please let me know if this is the wrong subreddit to post this or if I should post somewhere else...thanks. I recently purchased a home with asbestos siding, which is still in good condition. I am mostly thinking about the future value and ease of insurance coverage (because a lot of companies just won't insure the stuff). I priced out removal and replacement with new siding, but I might as well just buy a new house if I am going to pay that price. The contractor I was talking to said that 90% of people in my area just cover it with new, vinyl siding. This seems like the best bet for me right now. Right now, both the MLS and county records show that I have asbestos siding..obviously. My question is if I have it professionally sealed and covered with vinyl or some other type of siding, will it still be officially classified as having asbestos siding or will it show the new siding? If for insurance and appraisal purposes it still shows up as having asbestos siding, then there is no point to even do it unless it starts to deteriorate. TL;DR: If I have asbestos siding professionally sealed and covered with vinyl or some other type of siding, will it still be officially classified on MLS and county records as having asbestos siding or will it show as having the new siding? Thanks! [link] [comments]  |
| I want to invest in Orlando because I like the city Posted: 08 Aug 2019 04:17 PM PDT I'm not a real estate guy and live in nyc. After visiting Florida for two weeks, I really ended up liking Orlando and it's not just because of Disney I always wanted to invest in an area that I could see myself moving to or living in myself and I believe I have found that place except I want to start with an investment property. Ideally I want to invest in a place with 2bd 2baths condo but not exceed 110k. Don't really care for rental amount as long as it pays the dues and a couple hundred left over for repairs if need be. Ideally this property would appreciate over the next 5 years. How should I go about this journey? I contacted some agents on Zillow but they never respond. Should I travel back down there? [link] [comments]  |
| Recommended reading for someone totally new to real estate? Posted: 08 Aug 2019 10:12 AM PDT This is literally a brand new idea. I would like to buy a few acres in a state with a lot of nature like Idaho, Montana, Wyoming, Utah or Colorado, and build a tiny home, <500 square feet, on it to use as a base for some of my outdoor hobbies like camping, backpacking, hiking, and mountaineering. I would only use the house personally for a few weeks/months of the year. The rest of the time I could hopefully rent it. I literally know next to nothing about buying land though. Is there recommended reading that will teach me what to look for in a plot of land, how to buy land in different states from where I currently live (CA), breakdown the expenses of buying land and building a home, and any other information I should know? [link] [comments]  |
| Posted: 08 Aug 2019 07:43 PM PDT |
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