Posts Tagged ‘water damage

Short Sale in Florida. Does Buyer need an attorney?

Saturday, October 3rd, 2009

I am buying a house on small sale in Florida. There are 5 known liens place on the property, including unpaid taxes for the last year. I have a copy of HUD estimate approved by the seller’s lender. So I know all lien holders. I also can do the last minute search on the Internet right before the closing in order to avoid any surprises.

In this situation, do I need a real estate attorney to make sure all liens are satisfied and I get the property with the marketable title? Or closing title company can handle all this issues?

My real estate agent advises to hire an attorney for the flat fee of ,000. Will it be a waste of money in Florida?

Thank you!
I guess, my question is What value will a real estate attorney add to the small sale process?

I can search public records for new liens right before the close, make sure that they are satisfied at closing, and then check public records if my buy is properly recorded.

Also, what are the legal mechanisms available to protect me from the new liens?

Thank you all for your ANSWERS!
Just closed on this home buy.

We hired an attorney and made the lender pay for it. Strongly recommend getting an attorney for the buyers.

Our attorney not only negotiated the fees but also make a lot of amendments to the documents. Saved us a lot of money. Hope this info is helpful for people dealing with small sales. Thanx All.

(more…)

Tags: , , , , , , , , , , , , , , , , , , , , , ,
Tags: , , , , , , , , , , , , , , , , , , , , ,

Can I get a loan other than an FHA and still get the first time home buyer tax credit?

Monday, August 31st, 2009

Trying to buy a foreclosure as a first time home buyer. The house needs a small work (slight water hurt, floors, paint) so I dont reckon I will be able to get an FHA loan. I want to do the work myself. If I get another type of loan will I still qualify for the first time home buyer credit?

Tags: , , , , , , ,
Tags: , , , , , ,

Landlord troubles. Please read.?

Thursday, July 16th, 2009

Landlord troubles. Please read.?

I rented a place about a month ago, I stupidily rented without getting written proof of things. Our lease, is just an application and it doesn’t say who is responsible for what. Before we went in, they had agreed to fix stuff up before we went in and the man tried to get me to sign up for HUD because I’m pregnant and it might help on rent. I didn’t sign up for it though. The rent is 375 and deposit was 475, an extra 100 for pets. I paid rent and the extra hundred, but not the rest of the deposit. They never came and questioned for it and the things they said they would fix was never done, and this was when we first went in. They never even told us where to go and pay rent. Coming to live there I have found a lot of things incorrect that I wouldn’t want my own pets to live there. I didn’t know that the water hurt was so terrible that when I looked out the window I started to go through the floor. Underneath the kitchen sink had poo..yes, poo underneath it and the board is rotting. The bathtub is slanted and moves down everytime you step in it. There is a bullet hole in a window that he said he would fix if someone went in. He had even said that he would lay plywood down for the sink. It was supposed to come furnished with a stove and fridge. The fridge when you opened it had literal mold on the racks. So we finished up getting our own and there was no stove. He said that he would bring one, and when he didn’t bring it within two days time, we called and he said he forgot and he was out of town. We never got a stove until 2 weeks later and it is sitting on our porch. Normally I would just bring it in but when we looked in it there was all sorts of goo and leftover french fries. Is there anything I can do? Especially where I didn’t end paying the deposit? By the way, I’m moving I found a place that I wouldn’t mind my child living in. So I’m moving this weekend. What should I do?

But, there are interested on USA government Landlord troubles. Please read.? now for buying purpose. There are also got into HUD Department has the loan. by the best feature, plus with this question about HUD grants along with law enforcement officer and low-moderate-income families.

Tags: , , , , , , , , , , , , , , ,
Tags: , , , , , , , , , , , , , ,

Will FHA loan fail due to missing shingles on roof?

Saturday, June 27th, 2009

Our bid was accepted on a HUD home, the appraiser was out last week, and we are awaiting his report. He noted shingles missing on the roof, but to me the roof does not look that terrible, no water hurt on the inside of the home. So will we not get the loan beacause of roof repairs? I know the seller won't fix the roof, we have the money to fix the roof, will HUD let us hire a contractor for the repairs? I am just wondering if we close the loan and then escrow money for the repairs, It took three weeks to get the appraisal, no one will give me an answer they say just wait, and see. I just wonder if repairs cited on the FHA appraisal report have to be fixed prior to close, are we allowed to fix them, or do we just get denied? Who gets the apprasers report, our realtor or banker? Then do we negotiate with HUD. I know the home appraises for what our offer is, it just needs minor repairs.

(more…)

Tags: , , , , , , , , , , , , , , , , , , , , , , ,
Tags: , , , , , , , , , , , , , , , , , , , , , ,

House buying?

Saturday, June 20th, 2009

Is it possible to buy a fixer upper house with my FHA loan?
What are the guidelines by FHA appraisers? The term "fixer upper" obvioulsy means it is in need some type of repair, but how does an FHA appraiser ok the loan if it (might) not pass inspection? It seems as it is a catch 22 situation.
We are willing to fix any problems the appraiser finds. The bank is selling the house "as is" so they will not be repairing any issues that are found. Which we are ok with. Any help?
ps- The worst we reckon is the house may need a new heating system because the bank will not turn on the gas for our inspection / or at least repair of a heating pipe. It looks as if a pipe broke due to freezing? Visual of slight water hurt in kitchen. Not really terrible. We still are going to get an inspection done to be 100% sure. The house price is 100% worth it even if we had to place in a new heating system. Bank is selling for 0,000 but it's valued at 9,000. I say it's a deal if no other problems are found.

Tags: , , , , , , , ,
Tags: , , , , , , ,



Search :


Related search on ‘water damage

  1. If you have a drywall that is water damaged, then there is a great chance that it happened because of leak from the pipes or also because of flooding. It can also be caused by leaks on your roof where rain water enters your home and ...

  1. 2G water damage, repair or junk it?: Restoration damage - Water damaged. Water damaged.

  1. Restoration damage - Fix water damage. Black Hawk home heavily damaged in fire - Rapid City Journal.

  1. Restoration damage - New York shower water damage. Why some drinks make your mouth dry; healthy winter skin care: the You Docs - Plain Dealer.

  1. Fire & Water Damage Restoration | Water Removal | Flood ...: Restoration damage - New York water damage resoration. New York water damage resoration.

  1. Cockermouth residents weigh flood damage - Independent Online: Restoration damage - Home water damage. Home water damage.

  1. Restoration damage - Charleston SC water damage stains. Chem Dry of Charleston, SC Carpet Cleaning, Upholstery ...

  1. Restoration damage - Indianapolis shower water damage. Lawton Cleaning & Restoration of Noblesville - Home.

  1. Restoration damage - Birmingham water damage resoration. Oakland County Brick Chimney and Fireplace Repair Expert Explains Why Brick ... - Earthtimes (press release)

  1. Water Damage Restoration Services in Washington, DC: Restoration damage - Water damage team. Water damage team.