Comments for Walpole Homes for Sale http://walpolehomesforsale.com Homes for Sale in Walpole Fri, 18 May 2012 09:47:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Can a lender agreeing to short sale keep you out of foreclosure? by Landlord http://walpolehomesforsale.com/can-a-lender-agreeing-to-short-sale-keep-you-out-of-foreclosure/#comment-137 Landlord Fri, 18 May 2012 09:47:47 +0000 http://walpolehomesforsale.com/can-a-lender-agreeing-to-short-sale-keep-you-out-of-foreclosure/#comment-137 Yes, if the lender agreed to a short sale they gave him a time limit to find a buyer. They will not do anything during that time limit as long as he is making payments. If he is not paying them they continue to ding his credit, but not foreclose. Yes, if the lender agreed to a short sale they gave him a time limit to find a buyer. They will not do anything during that time limit as long as he is making payments. If he is not paying them they continue to ding his credit, but not foreclose.

]]> Comment on Can a lender agreeing to short sale keep you out of foreclosure? by bud68 http://walpolehomesforsale.com/can-a-lender-agreeing-to-short-sale-keep-you-out-of-foreclosure/#comment-136 bud68 Fri, 18 May 2012 09:46:02 +0000 http://walpolehomesforsale.com/can-a-lender-agreeing-to-short-sale-keep-you-out-of-foreclosure/#comment-136 That is the whole idea of a short sale. But the lender must agree to it to stop a foreclosure. That is the whole idea of a short sale. But the lender must agree to it to stop a foreclosure.

]]> Comment on Q&A: How badly does a short sale mess up your credit? by My Take on It http://walpolehomesforsale.com/qa-how-badly-does-a-short-sale-mess-up-your-credit/#comment-135 My Take on It Tue, 15 May 2012 06:06:12 +0000 http://walpolehomesforsale.com/qa-how-badly-does-a-short-sale-mess-up-your-credit/#comment-135 You would need the approval of your lender to do a short sale. Yes, people can purchase homes after being through a short sale, but it won't be right after. It would be at least 2.5 years. Your credit will take a hit of about 200 to 250 points. Your lender will probably require you to show hardship to qualify for the short sale. Most people who end up doing a short sale cannot afford their home and become delinquent. I don't think this is a requirement though. You would need the approval of your lender to do a short sale.
Yes, people can purchase homes after being through a short sale, but it won’t be right after. It would be at least 2.5 years. Your credit will take a hit of about 200 to 250 points.

Your lender will probably require you to show hardship to qualify for the short sale. Most people who end up doing a short sale cannot afford their home and become delinquent. I don’t think this is a requirement though.

]]> Comment on Does the realtor help to get approved for a home loan or should we get approved and then approach one? by A * T http://walpolehomesforsale.com/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-134 A * T Sat, 12 May 2012 06:58:26 +0000 http://walpolehomesforsale.com/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-134 To a degree, they know a lot of people in your situation so they could recommend some one to you. They make a commission off the sale price, so I don't see how it would hurt to take a referral from them. How much you get approved for is between your credit report & the lender, nothing to do with the realtor. Really depends on the realtor you get & how much they are willing to put into selling you a house. The realtor I used was extremely helpful & I had trouble with the first loan officer I tried & the realtor recommended some one to me from a bank & with their loan officer everything went very smoothly. To a degree, they know a lot of people in your situation so they could recommend some one to you. They make a commission off the sale price, so I don’t see how it would hurt to take a referral from them. How much you get approved for is between your credit report & the lender, nothing to do with the realtor. Really depends on the realtor you get & how much they are willing to put into selling you a house. The realtor I used was extremely helpful & I had trouble with the first loan officer I tried & the realtor recommended some one to me from a bank & with their loan officer everything went very smoothly.

]]> Comment on Does the realtor help to get approved for a home loan or should we get approved and then approach one? by carolinagirl http://walpolehomesforsale.com/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-133 carolinagirl Sat, 12 May 2012 06:15:41 +0000 http://walpolehomesforsale.com/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-133 It's much easier on you if you get pre-approved before you start looking at homes. That way you know what price-range you should be looking in. A Realtor can recommend some loan officers for you but shouldn't tell you which one to use. It’s much easier on you if you get pre-approved before you start looking at homes. That way you know what price-range you should be looking in. A Realtor can recommend some loan officers for you but shouldn’t tell you which one to use.

]]> Comment on Does the realtor help to get approved for a home loan or should we get approved and then approach one? by Glenn S http://walpolehomesforsale.com/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-132 Glenn S Sat, 12 May 2012 06:11:54 +0000 http://walpolehomesforsale.com/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-132 Experienced Realtors have a couple of lenders that they like to work with because they trust them. If they say they can get a loan closed they can usually get the job done in a timely manner. These lenders put extra effort for their Realtor's because they keep coming back with new business. A lazy or inexperienced lender (and there are a lot) will screw up a transaction more times than not. If the lender knows that they probably won't be getting anymore business from a particular Realtor they often times will not put in the extra time and effort that a deal might require. Experienced Realtors have a couple of lenders that they like to work with because they trust them. If they say they can get a loan closed they can usually get the job done in a timely manner.

These lenders put extra effort for their Realtor’s because they keep coming back with new business.

A lazy or inexperienced lender (and there are a lot) will screw up a transaction more times than not. If the lender knows that they probably won’t be getting anymore business from a particular Realtor they often times will not put in the extra time and effort that a deal might require.

]]> Comment on Does the realtor help to get approved for a home loan or should we get approved and then approach one? by I Buy And Sell Houses http://walpolehomesforsale.com/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-131 I Buy And Sell Houses Sat, 12 May 2012 05:13:07 +0000 http://walpolehomesforsale.com/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-131 The Realtor can help by suggesting specific lenders or mortgage brokers. Typically, they're ones who are professional and can get the deals through. However, the Realtor really can't "help [you] to get approved." Realtors like for you to be preapproved before they start working with you on finding homes. However, there's nothing wrong with going to a Realtor and saying, "I'd like to work with you. I'm not preapproved yet. Can you suggest a couple of lenders who you know and work with that I can go to to begin the approval process?" And especially if your situation is somewhat unusual or difficult, the Realtor may have some suggestions for lenders who'd be more willing to work with you. Hope that helps. The Realtor can help by suggesting specific lenders or mortgage brokers. Typically, they’re ones who are professional and can get the deals through. However, the Realtor really can’t “help [you] to get approved.”

Realtors like for you to be preapproved before they start working with you on finding homes. However, there’s nothing wrong with going to a Realtor and saying, “I’d like to work with you. I’m not preapproved yet. Can you suggest a couple of lenders who you know and work with that I can go to to begin the approval process?”

And especially if your situation is somewhat unusual or difficult, the Realtor may have some suggestions for lenders who’d be more willing to work with you.

Hope that helps.

]]> Comment on Does the realtor help to get approved for a home loan or should we get approved and then approach one? by Amy C http://walpolehomesforsale.com/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-130 Amy C Sat, 12 May 2012 04:21:59 +0000 http://walpolehomesforsale.com/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-130 Sometimes your realitor can suggest a loan officer. They know who is good for working with first time home buyers and what not. Or you can go with someone who is recomended thru a friend or whatever. Sometimes your realitor can suggest a loan officer. They know who is good for working with first time home buyers and what not. Or you can go with someone who is recomended thru a friend or whatever.

]]> Comment on Does the realtor help to get approved for a home loan or should we get approved and then approach one? by KayKay http://walpolehomesforsale.com/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-129 KayKay Sat, 12 May 2012 03:39:02 +0000 http://walpolehomesforsale.com/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-129 a realtor will be looking for her best interests not yours..apply with banks for one then find the realtor a realtor will be looking for her best interests not yours..apply with banks for one then find the realtor

]]> Comment on During a short sale, does the title get deeded over to the seller before the lender approves the sale? by bud68 http://walpolehomesforsale.com/during-a-short-sale-does-the-title-get-deeded-over-to-the-seller-before-the-lender-approves-the-sale/#comment-128 bud68 Wed, 09 May 2012 01:54:47 +0000 http://walpolehomesforsale.com/during-a-short-sale-does-the-title-get-deeded-over-to-the-seller-before-the-lender-approves-the-sale/#comment-128 Sounds like a scam - don't do it. You should work any short sale directly with your lender, not some third-party company. Sounds like a scam – don’t do it. You should work any short sale directly with your lender, not some third-party company.

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