| Subject | Date Asked |
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| Buying contingent to selling | 9/11/2008 |
Q: We are selling our townhouse and bought a house. I’ve been married for 2 years and I am 27 years old ...
A: The appraisers are really lowballing the appraisals these days. They are so afraid of losing their ...
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| VA loan | 9/10/2008 |
Q: I purchased a home with my brother-in-law in Virginia a few years ago. He and my sister have moved ...
A: I'm sorry, I misunderstood and thought that you were paying the money directly to your brother in ...
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| VA loan | 9/8/2008 |
Q: I purchased a home with my brother-in-law in Virginia a few years ago. He and my sister have moved ...
A: You are correct, you should actually have two official signed lease agreements to present to the VA ...
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| Selling a home to an FHA buyer | 8/17/2008 |
Q: I would like to know if there is a quide for a home seller on getting your home into shape to pass ...
A: There is no "guide" that I know of to get your home ready to pass an FHA inspection. Even the HUD ...
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| Buying a home way under appraised value | 8/13/2008 |
Q: My wife and I own a townhome and are considering moving to a bigger townhome (we like ...
A: Sounds like you might be getting a great deal on the town home! But if it is a short sale or ...
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| Foreclosure in Nevada | 7/3/2008 |
Q: My house is to be auctioned in trustee sale 7/16/08 for 296,000 on the first and there is an IRS tax ...
A: It sounds like the IRS is in first position in this situation, and if the lien was filed before the ...
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| selling my home | 6/21/2008 |
Q: I currently am trying to sell my home ( property A). A couple years ago I sold it on contract. ...
A: You can always sell a property prior to having it foreclosed upon! I am assuming that when you sold ...
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| Best to buy a new or older home? | 6/6/2008 |
Q: My brother and I both plan to buy homes in the Las Vegas area next spring (I am also considering the ...
A: Stephen, there are certainly pros and cons to each situation. How about I break down each one for ...
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| foreclosure home buying | 4/11/2008 |
Q: I've come across a company offering ridiculously reduced mortgage payments on homes that are on the ...
A: This definitely sounds like some sort of scam! Just the fact that no legitimate lender is offering ...
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| first time home buyer | 3/3/2008 |
Q: My wife and I recently moved back to the east coast after a year living on the west coast.While we ...
A: Sorry to hear you took a loss on your first home. That always stinks!! While you are not ...
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| Quick Sale | 2/22/2008 |
Q: My home is up for quick sale. I received an offer which allows me 2 months move out time after ...
A: Your bargaining power really depends on the buyer's motivation. The bank has drawn the line on what ...
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| first time home buyer | 2/6/2008 |
Q: we found a house we would like to purchase. our real estate broker asked us for the good faith ...
A: I am glad that you have obviously already read up enough to know the ramifications of an end of the ...
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| making an offer before I sell my house | 12/26/2007 |
Q: We have found a house that we would like to make an offer on but the problem is that we just listed ...
A: You can absolutely get pre approved for a new home loan contingent on selling your existing home. ...
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| Realtor Commission on the Sale of Realtor's Parents House | 12/10/2007 |
Q: My mom and 3 step-brothers are selling my deceased grandparents home. There is a trust that says ...
A: Usually when selling a home that is in a trust, a Realtor is hired to market the home and is ...
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| FHA loan and Co-borrower | 11/26/2007 |
Q: My boyfriend is interested in purchasing a home for 150,000. It is well below it's appraisal value ...
A: Without looking at a complete loan package, I can't say for sure that your boyfriend can get a loan ...
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| Mortgage with a Judgment in repayment | 11/16/2007 |
Q: I have been approved for a loan by a bank, i've received my committment letter, had the inspection, ...
A: I really wish they would stop calling them "commitment" letters! You can get a "commitment" letter ...
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| Commission | 11/14/2007 |
Q: What is meant by the gross sale price of a purchase and sale contract? Example: If I agree to pay ...
A: Gross sales price refers to the total sales price of the home before closing costs or concessions. ...
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| CHFA Loan (Connecticut FHA Loan) | 11/6/2007 |
Q: I have a condo unit that's mortgaged with a CHFA loan. Under this loan the unit has to be owner ...
A: Alan. Sorry to take so long to answer, but I actually went on my first vacation in over a year the ...
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| existing mortgage/construction loan | 10/29/2007 |
Q: Our home is about 60 years old. It's in an older section of a small town that is being revitalized ...
A: You will still owe the amount due on the original mortgage. But you may be able to get a ...
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| buying a double wide? | 10/25/2007 |
Q: My husband and I are young first-time homebuyers. In our area there doesn't seem to be much on the ...
A: Jennifer, I take it you have not yet looked into financing on the double wide? One thing to note is ...
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| Loan | 9/22/2007 |
Q: How much income annually do I need to borrow a $300,000 loan? I want to own a home at $300,000 with ...
A: the banks want to make sure you can afford your monthly housing payment and still have money left ...
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| Loan | 9/22/2007 |
Q: How much income annually do I need to borrow a $300,000 loan? I want to own a home at $300,000 with ...
A: In order to qualify for a $300,000 loan you will need approximately $90,000 in annual salary. On an ...
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| buying us property | 9/4/2007 |
Q: We are planning on buying a modular home in Arizona on a lot in a park, it is an older property and ...
A: Mandy, in order to answer this question, is this modular attached to the land and is it considered ...
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| Land Contract and property taxes | 9/1/2007 |
Q: Diann- If I buy a property on a land contract is the property reassessed as far as property taxes ...
A: Unfortunately I can't answer this question for sure as I don't know where you live, and your local ...
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| want to sell or rent our home | 8/28/2007 |
Q: How do we sell or rent our home through section 8?
A: In order to rent your home through Section 8, you need to become approved by your local HUD ...
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| Buying out of a home | 8/27/2007 |
Q: Let me first start off by explaining my situation. My fiance' and I purchased our first home in ...
A: Unfortunately you cannot get out of the contract on this home if your name is on the mortgage. (If ...
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| buying and flipping propert/ houses | 8/15/2007 |
Q: I am currently refinancing my house. The market here in nc is low now. I have a VA Home loan I can ...
A: Your VA loan eligibility can only be used on a personal residence, not on an investment property. VA ...
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| SELLING HOME | 8/7/2007 |
Q: MY WIFE'S SON WANTS TO PURCHASE OUR HOME.WE LIVE IN OKLAHOMA.THE MORTGAGE COMPANY HE WANTS TO USE ...
A: Sorry to take so long to answer your question, but I did not get the original email from All Experts ...
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| Best way to buy mom's home | 7/25/2007 |
Q: My mom's health is poor and my husband and I want to buy her home, build an addition for her to live ...
A: Do you have any idea of the cost of the addition and the remodel yet? If you buy your mom's home ...
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| Breaking a contract | 7/9/2007 |
Q: I was pre-approved for a home mortgage loan. I found a house and signed a contract. I am due to ...
A: I could not answer this question without knowing all the terms of your contract as there are several ...
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| question | 7/5/2007 |
Q: .. quick question... Is it possible to buy or lease apartment building in San Francisco,ca and ...
A: A tenancy in common property means you are not buying the entire property, but are only a part owner ...
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| question | 7/3/2007 |
Q: .. quick question... Is it possible to buy or lease apartment building in San Francisco,ca and ...
A: I really don't know where you could find an answer to this question online. You would need to call ...
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| question | 7/3/2007 |
Q: .. quick question... Is it possible to buy or lease apartment building in San Francisco,ca and ...
A: I would assume you could buy (but not lease) an apartment building and convert it to a hotel as long ...
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| selling my home on contract | 6/29/2007 |
Q: I am the executor of an estate. There is a home in the estate to sell. There is a party that wants ...
A: First you need to find out if what the party is offering you is a good value for the home. Contact a ...
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| buying a home disaster | 6/27/2007 |
Q: It is under agreement, but it has been one thing after another with the owner. We do have an ...
A: If you have a fully executed sales agreement (meaning signed and dated by all parties), you may be ...
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| FHA growing equity and graduated payment mortgages | 6/20/2007 |
Q: We are buying a home this summer and will most likey get an FHA mortgage. I have some questions ...
A: It is tough for me to answer interest rate questions as each lender has their own guidelines! Rates ...
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| FHA growing equity and graduated payment mortgages | 6/20/2007 |
Q: We are buying a home this summer and will most likey get an FHA mortgage. I have some questions ...
A: If you are going to have an increase in income in the future, an FHA graduated mortgage payment may ...
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| Buying a home with a contingency | 6/20/2007 |
Q: I recently signed a contract and paid earnest money to purchase a home, contingent on me selling my ...
A: This is where you need a straight answer from your agent as to the practice in your particular state ...
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| Overpriced house/Change Realtors? | 5/31/2007 |
Q: My husband and I made the initial mistakes of 1.listing with a 3% realtor, who did nothing 2. ...
A: Sharon, I can hear your frustration! It is doubly hard when there are not properties that are ...
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| Sell my home | 5/14/2007 |
Q: In Feb. of this year I refinanced my manufactured home with 17 acres into my name only because my ...
A: Wish I had better news for you. Unfortunately FHA loans are only assumable WITH qualifying at this ...
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| Placing a offer on a property | 4/30/2007 |
Q: If I put a offer on a house (asking price) can the real estate agent wait until a second person puts ...
A: I am not sure where you are and if local laws may be different. But in general real estate contracts ...
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| principal | 4/21/2007 |
Q: How much of the principal to a home purchase must be repaid before you are allowed to sell it? I ...
A: There are so many reasons for foreclosures. Most of the time there IS no profit for the owner, and ...
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| VA Loans vs Conventional | 3/29/2007 |
Q: I am 27 and did 4 years in the United States Navy. I got out about a year and half ago, and since ...
A: First of all, thank you so much for serving our country. And congratulations on your impending ...
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| disclosures | 3/26/2007 |
Q: If you are selling a home "as is" are you still required to use a disclosures statement? Thanks, ...
A: Yes, you are always required to use a disclosure statement, even if the home is being sold "as is, ...
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| Pre-construction Condos | 2/28/2007 |
Q: I am planning on purchasing a pre-construction condo to live in myself and hold for around 3-5 ...
A: How wonderful to have first choice of any unit in the building! That is a true first phase ...
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| question | 11/13/2006 |
Q: Can I buy a home with no money down
A: There are definitely a number of different no money down loans in today's marketplace. Your lender ...
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| Real Estate Contract | 10/23/2006 |
Q: We put our house on the market 3 months ago with a real estate agent. We have a 6 month contract ...
A: You are absolutely within your rights to withdraw your listing at any time from the market. You do ...
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| Seller Liability | 10/17/2006 |
Q: Diann We live in Pennsylvania. My wife and I are thinking of selling our house. A couple we know ...
A: There is no Federal law that says a seller is liable for something that goes wrong up to one year ...
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