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About Tonya Snow-Saleeby
Expertise
I am a Realtor® in Raleigh Durham area and have working knowledge of the market in Durham, Raleigh, Hillsborough, Chapel Hill, Bahama, Rougemont, Roxboro and surrounding areas. If it involves real estate, I can help you!!

Experience
I was born and raised in Roxboro and spent much of my time in Durham. After living in Savannah, Georgia for some 14 years, I have returned to Durham. Since returning, I have been working as a Real Estate Professional and know the market well.

Organizations
National Association of Realtors® Durham Regional Associationof Realtors® Dover Ridge HOA Board Member Vice President for Home & School Association for Immaculata Catholic School, Durham, NC Co-leader for Brownie Troop 449

Education/Credentials
NC Certified Real Estate Broker Fonville Morisey Realty Broker Relocation Certified Associate Certified Real Estate Negotiator Completion of Fonville Morisey Staging To Sell

Awards and Honors
Fonville Morisey Manager's Award for April 2007,December 2007, February 2008, April 2008 & November 2008, March 2009, April 2009, May 2009, June 2009, July 2009, August 2009 Fonville Morisey Executive's Club 2007 Fonville Morisey Fast Trackers Award 2007

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Real Estate: North Carolina - Questions about homes and Short Sale

Expert: Tonya Snow-Saleeby - 11/5/2009

Question
Hello, I wanted to know about homes in Johnston County. I'm looking to buy one, and am wondering around how much the mortgage is and cost of the homes itself are and if you could reccomend anyone to help with my move? I'm moving there from New York City. Also, my home now, is on short sale. I'mw aiting for it to be sold so that I can purchase the home I have my eye on. Will that affect the buying process?

Thank you.

Answer
HI...I will answer this in parts:

Homes in Johnson County can range from the 100's upward. The first step is to speak to a lender to get a pre-qualification letter, indicating what you are qualified for. With that in hand, we could move forward.

I can certainly refer you to a reputable Realtor® who is an expert in the Johnson County market. I would simply need your name, and contact information, which you can e-mail to my private e-mail address. (tsaleeby@fmrealty.com) I could then forward to them to contact you.

Regarding the short sale and how it might affect your buying ability....I consulted a mortgage lender. If you have been current on your mortgage payments, and you can carry two mortgages until the short sale is complete, you would be fine to purchase your new home BEFORE your short sale is complete.

If you have not been current on your mortgage payments, you may not qualify for a new mortgage no matter what.

Once the short sale goes through, many lenders require a period of two years after the short sale is complete to purchase another home with a mortgage. That is why I stated if you can carry two mortgages and you have been current, the lender will not know your other home is a short sale until it closes.

I would HIGHLY recommend speaking to a lender to first establish your buying ability.

I wish you much luck and please do let me know how it goes and if you have further questions!!!

Respectfully,
Tonya:)

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