We all know them. The lender who doesn't answer their phone, who won't return calls, who appears to be on vacation when actually in town. Is it because she was not referred by me to my client? Perhaps she has alot of clients, and doesn't need anymore.
Perhaps it could be that a $50K loan is too small to spend much time on? I try to google this lender, she cannot be found. Perhaps I should invite her to AR....
True, $60K may be pocket change to most, but it's an OPPORTUNITY! A chance to build repore, show how you can shine, make folks remember you! Bottom line.... I'm NOT IMPRESSED
I HAVE A BUYER, but as I was showing the home yesterday, a neighbor shared the news... the Owner had passed away the day before. However, there was POA given to a family member. (I'm not an attorney, not sure how POA's work at this point)
So... not sure what to expect now. Are we really going to have to wait 6 months? Are there ways around this... my little brain begins to brew... Which routes are available, which ones do we want to travel.
Is there a simple solution to this delima?
I have a question: If we have RATIFIED a contract, and EVERYBODY signs off, then the listing agent revises it himself to add "to include allowables and non allowables" how do I let him know he has crossed a line? What are the steps I need to take to let him know this is not how business is done?
Today is the DAY for BUYING FORECLOSURES! Being apprehensive is natural when scoping out dark, dirty homes, wondering if they will ever be inhabitable again.
Albeit, a sad day when a homeowner faces foreclosure, it is often a chance for many to own a home who otherwise could not afford to do so. There are different types of foreclosures, HUD forclosures, Bank foreclosures are a few.
A Hud foreclosure is usually starts as owner occupant, before it is open to an investor. You may ask "What is the Right of Redemtion", that is the time frame that the home can be (but usually never is) bought back by the owner. Keeping in mind the owner has to pay what the property foreclosed at, and an additional 12%. Thousands of these are sold every year... the key is making sure that during the ROR (less than a year), you keep your expense low, such as paint and carpet...and that you do not add on a garage, swimming pool, etc.
Yes, although there are many foreclosures that are trashed and destroyed, there are still an incredible amount that had respectful owners who, for some reason out of their control, they just couldn't make the payment anymore. These can be marked down anywhere from $10,000 to $50,000 or more! (I recently had a friend who bought a home for 200K, and with a little paint and carpet, now has a gorgeous $285K home!
For instance, a brick home with vaulted ceilings and double vanities in great neighborhood for only $103K, and one listed this week that Sold for 110,000 in 2004, is now foreclosed at 104,000. Here's a sweet deal, a home for $35,000 in Harvest -- a bit of a fixer upper, however a perfect opportunity! Worth to mention, a Harvest Mansion for under 300K!
Foreclosures galore in Huntsville, north to south, east to west, Not to mention Madison City is not immune, and has it's fair share weekly.
Hopefully, this info has been helpful. So much to write, and so little time. Feel free to contact me with any questions or concerns you may have! Have a blessed day!
Angie Avans Remax 256-503-6711
Not a true gift, but a true interest free loan! A $7,500 tax credit which is a dream come true for the first-time buyers (you cannot have owned a home for the past three years) who buys a house between April 9, 2008, and July 1, 2009. It must be owner occupant, not an investment property.
A single individual can have a gross income of $75,000, and a married couple up to $150,000. If your income exceeds the limit, you may be eligible for a partial tax credit.
Here is a great incintive, if you purchase a home in 2009, the IRS will give you the option to claim the credit on your 2008 tax return or wait until 2009, whichever would serve you best. Is it possible Uncle Sam has a heart?
For more detailed information, please shoot me an email!
Full time Realtor Serving Madison Huntsville & surrounding area. BRAC-Relocation Certified! BNI Member, HUD Foreclosures? We Will Sell Your Home, or ERA Will Buy It! Call or email for details!
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