 Escrow Question...? |
| I have money sitting in escrow from a real estate deal that fell thru. I was denied by the co-op board... How do I go about getting it back? I have no lawyer anymore. How long can money sit in escrow?... |
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 How do I finance a house down payment while I am still making payments on the home I am trying to sell? |
| The buyer for our home just backed out and we have to close next Friday on the house we had made an offer on. We don't have enough cash on hand without our equity in this house to make the down ... |
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 Where do you think the housing market is going to be in 5 years? |
| I live in Huntington Beach about 2 blocks from the beach amnad main street, I bought my property for $500,000 9 months ago and have an oppurtunity to buy another 1 for $375,000 and I could rent it ... |
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 Landlord Obligations? |
| my sister is a landlord and is moving back into her house that she has leased so does she have to go through her solicitor to tell them they have to move out. what is her legal obligations for ... |
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 My landlord is taking me to small claims court after a year of moving out when he gave me my full deposit back |
| I moved out and then a year later he is suing me for 3000.00 for replacing the carpets. When i moved out we did the walk thru and he gave my full deposit back.... |
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 Mortgage Loan Question? |
Our good friends are buying their first home. They are more than confused about how to finance it.
The home costs $130,000
They do have $10,000 to use for closing and or down ... |
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 Compelling reasons for/against moving to Florida...please? |
| I'm a single mom of a five year old, and am considering a move to the Brevard County area of Florida. I don't really like Florida, but as I see it, I can struggle anywhere...and I have ... |
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 Looking for a lender that doesn't require employment verification with mid score of 768 and no late payments. |
| We have excellent credit, no late payments, not much debt apart from credit card and always pay on time. We are seeking a lender who can give us a break. Husband out of school and doesn't have 2 ... |
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 Moving suggestions? |
| My new lease at my new apartment begins July 1, but my current landlord says my current lease expires 10am the day before. How do most people work out this situation?... |
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 Has anyone ever been harassed or ripped of by rent a center? |
if so could you please explain if it was harrasment or rip off and also if you were harrassed explain how.
Additional Details
if this does not apply to you would you be so kind not to ... |
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 Would it be better to rent for $800/mo or try to buy a house with no money down? |
| I'm 25, still in college, but I'm tired of throwing money away on rent. I have no other debt, my car is paid for. And I work full-time. But I don't want to get screwed on interest, ... |
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 We bought a house last year for $350.000, the price now is $372.000, if we sell it, do we make profit ? |
Additional Details
The reason I ask is because maybe I will be moving out and find my own place like a town house, so we have to sell the house. Can I afford a town house with approx. $6... |
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 Is a real estate agent required to work for a broker? |
| I am interested in getting licensed to be a sales agent - I just want MLS access, and be able to sell properties myself that I rehab. Am I required to be licensed if I want to sell my own rehabbed ... |
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 Landlord legal question? |
| I moved out of my old apartment. I gave the landlord $1200 for security deposit. We walked through the apartment on my move out date & she said nothing about the condition of the apartment, ... |
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 Can I qualify for a mortgage loan? |
| My husband and I are wanting to buy a home (after many years of renting). We have a good monthly gross income ($11,500). However, we have a lot of credit card debt (61K) and a small balance on a ... |
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 Are first time sellers usually trustworthy? |
| I know that usually i should buy from only sellers with good feedback, been ebayer for long time etc etc....however theres this really good deal, but its the first sale for that person, or he has no ... |
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 Is there a age limit at whice u can purchase a home..? |
| my aunt been abroad most of her life, and now decided to come back to usa, she is 50 years old, she was tryin to finance a new home but the bank give her a hard time they say due to her age, ... |
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 Purchasing house....how to make an offer? |
| My husband and I are purchasing our first home. It is 1 story, slab-not basement, 3 bedroom, kitchen, living room, attached garage, and medium sized fenced yard with shed. It is siding with some ... |
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C00KiE | How do I know when everything is going to close for sure on a home? |
Our offer got excepted and we submitted everything except for 3 papers that I am waiting to receive (1 paycheck stub and 2 bank statements). We signed papers and shipped them back and I checked the status of the loan and the last thing they ordered was the appraisal. I want to know when I know for certain that everything will go through so I can start buying stuff for our new home.
Additional Details
also before we were able to make an offer, we had to get pre-qualified first. |
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loanmasterone
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It appears as if you are still in the mortgage approval stage.
Once the appraisal has been gotten and accepted by the lender with no conditions or requirements this is a good indicator that things are going great, but not that the mortgage will close, but a very good indicator.
You should be told by your loan officer when your loan is approved and an expected funding date.
You should stay in constant contact with your closing agent, sometimes called an escrow agent.
This person would know better than anyone else.
Another person who would know immediate information is your loan officer, you might ask the loan officer when is The mortgage schedule to fund. This will give you a preliminary date of sorts. Make sure you ask your loan officer if there is anything that would keep the mortgage from funding.
Now once you have found this information out from your loan officer call your closer and see if there is anything that would keep the loan from funding?
A day before funding call everyone once again and touch bases with them to make sure things are still in a funding mode.
Now about buying things when you are given a funding date is a pretty good indicator that all is well and you should be in a good position to now go purchase things you want for your new home.
I hope this has been of some use to you, good luck.
"FIGHT ON" |
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Old Guy
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The realtor will keep you appraised of the events and timing. |
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A D
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Sounds like you are moving right along to purchase your home.
Now a word of caution - DO NOT PURCHASE A LOT OF STUFF FOR YOUR NEW HOME.
You have been approved based on the amount of debt you currently have and the amount of money you have on account.
Please check with your lender and real estate agent before incurring more debt or using your cash on hand.
You will have plenty of time to buy items for your home after you actually HAVE a home.
Most lenders will do a final credit check before closing to see if you have incurred debt they were not aware of before. And the lender may want to see cash on account for a certain amount.
Don't queer the deal.
Good luck. |
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Doll
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I wouldn't buy ANY THING until you have the keys in your hand and you KNOW for SURE that the home is actually YOURS!
a friend mine went to sign her papers the day her house was supposed to close and it fell through in less than 3 hours before closing was to take place...talk about a messed up deal...she was heart broken and had new things for her home...not a good idea to do that...we made an offer on a house last week and are not buying anything new until we know that its ours don't want to curse it....good luck to you
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Libby
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Not to sound like a smart *** but seriously, you'll know when a house will close for sure when you are closed. Deals can fall apart anytime, even at closing. Just because all of your finances are in place doesn't mean that you are guaranteed to close. The title could come up unclear, a lien on the property by the builders or workers, etc., the seller could have never gotten a permit to remodel the house, ANYTHING!
Even though we all like the plan ahead and know our closing date well ahead of time, more often then not something always comes up delaying the closing date.
If you want to start buying stuff for your new home, I would wait closest to the closing date but there is no guarantee until that money is deposited into your account. |
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estielmo
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Don't buy anything or notify your landlord until the keys are in your hands. |
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jeriuana
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About 5 minutes before settlement. |
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Sharon T
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You should get a loan commitment letter that says you are approved with certain contingencies, which it will list. If you can produce or do what they ask, you have a loan.
Next you should get a copy of the commitment for title insurance and the appraisal. You won't get these things unless you ask for them (except you'll get a copy of the title report when you sign closing documents).
The closing office will call to make an appointment for the closing. That is a good sign that it is going to close.
If you have an agent, he/she should walk you through this process. Another resource is the title officer or closing officer, who knows this process inside and out.
Tip: Ask to have a copy of the main closing documents at least a day before you are scheduled to sign. Take them home (or have them faxed to you) and go over them with a yellow highlighter, making notes of all your questions. Call and get the answers so you won't feel foolish asking your questions at closing. Mistakes do happen and it is better to find them early so they can be corrected before signing. |
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poo
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sure...buy stuff
-congrats on your NEW home |
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