First time home buyers. Found a house we really like. Only was on the market for 6 days. Made the offer on a Thursday. It was priced to sell and was a great deal so we offered full asking. Then radio silence. We figured they might have showings over the weekend, which we understood, but still nothing. (we have learned the seller’s realtor is part time and terrible with communication. Very frustrating) They countered our offer stating they want to keep their appliances, and want a 30 day closing. No $ counter. So we agreed and our realtor re submitted the counter offer. This was on Sunday. Still no word. We are starting to get extremely frustrated, and want to say we are walking if they dont give us a definite answer, however we still really want the house. The seller realtor called late Monday stating she hasn’t gotten a final answer yet as the seller lost their job. They have 4 kids and already have apparently signed a lease in a new town, so surely they want out of there asap? But still no freaking word from them. Its now Tuesday and I want to make an ultimatum, but again, we really want this house. Its under market value for sure.The plot thickens…We googled the seller’s names and turns out they have had some back taxes issues, and was a complaint posted to a public business complaint forum how this specific seller does not pay her bills and would disappear from weeks on end. Great…So now we are in a position where we still really want this house, but dont want to be jerked around by sketchy shade balls who are also incompetent. We are staring to look for plan B houses, but goodness this has been the most stressful situation ever. We are not going to raise our offer, given what we know now about their finances, but still dont know when we will ever hear back from them. Anyone else deal with this stuff?EDIT: TEXAS
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Americans are facing down a decades-long sugar habit.
So just spoke with quicken loans and I was preapproved for a home loan.Went online and filled out the application and then today spoke with a mortgage broker over the phone. I’m working with my current landlord directly and we didn’t want to go through a realtor but quicken stated they would get me in touch with inhouse realty and go from there.This is my first home, it’s not in perfect shape and he brought up mortgage insurance and how it will affect monthly payments, down payment and closing etc. 99.9% sure that whomever I go through, the insurance is going to be HIGH.Built is late 1800’s, has been redone but needs updates. Such as electrical, foundation, pipes etc.Thoughts?Edit: Metro area Minnesota.
I have around 20 years of experience and recently left the brick and mortar banking world to become a stay at home dad. I have a couple ventures I am pursuing, but at a leisurely pace for once. Most of my experience has topped out around $100MM, with lots of commercial real estate, C&I, and unsecured lending. Would be happy to answer any serious questions or provide any advice that I may have. I have lived all over the Midwest and the southeast (coastal and inland, no Miami.) I currently reside in the Midwest.
I posted this on personalfinance…I think I should have gone here…FLORIDAIn 2015 I closed on my first home. At closing, property taxes were collected for to pay taxes that coming Nov. Fast forward to earlier this year, I get a letter stating my taxes were never paid and I’m delinquent. I contact everybody involved, they all admit fault and pay up. Fast forward to today, Im needing to do some energy efficient upgrades to the house. I applied for YGrene Funding loan, which specializes in energy efficient upgrade loans. BUT…my property taxes for the last 3 years would need to have been paid on time. Even though title company paid the taxes, my record still shows I was delinquent. I tried explaining this and even offered to show them proof that I DID pay, just at closing though and it wasnt my fault. They said they cant do anything unless the records show otherwise.. Do I have any chance as beating this somehow? I feel the title company should own up to this. And now I’m worried about what else that delinquent record affects. Any advice helps, thanks!
I own 10 properties, a friend also owns 10. They are all in the same neighborhood, with virtually the same value. What steps would we need to take to combine forces? Properties located in Pennsylvania.
Yet another interesting headline in the world of health and well-being. American Science And The Nazis
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Lots of people forget to take their medicine on time. Now firms are selling “smart” pill bottles that send patients reminders through the internet. But maybe the real problem isn’t forgetfulness.
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Background I own a home and currently owe 109k with interest at 4.10% and it’s worth 315k. I currently have renters that pay 1500 a month.I would like to buy another house.. I’m not sure whether it would be smart to refi that house at a 30 year fixed rate and use my savings to buy another house or if I should pay my house off and use the equity to buy another house?