You should ask your attorney and send him the letter, who will probably tell you all is well and that everything is up to date.
That is one reason that the title insurance policy you have is for.... more
It does not matter what you say you make per year, if you are self employed the lender will want to see the IRS tax returns to see what you claim you make, often that is WAYYYY less than you really make, but it is what the lender will use. Most lenders will not originate a home loan for less than $50k so you need to find a small bank or get a personal loan.... more
There are no federal tax credits for first time home buyers these expired in 2010, so unless there's some MN state tax credit there's nothing for you to do whoever suggested to you that there was a tax credit simply gave you misinformation.... more
When you include heating and cooling the condo fee has to go up, but don't forget that you are no loger paying them out of your own pocket. If there are other amenities provided, then it will show up in your condo fee - a concierge, security, garage parking etc. You don't usually see those services in JP. The condo association may be focused on building up a reserve, which is always a good thing for the property and the owners.... more
As the buyer this isn't really your issue, it's the seller's problem. You, your agent and or your attorney should be pressuring them as from the limited amount you've written; it's clear there's not going to be a closing till the Seller produces the signed waiver.... more
Yes, they are often restrictions as regards the resale. The purpose of these programs is to help people to become home-owners but also to keep properties affordable. It is a great way to find your home but may not be the best way to "make a killing in real estate".... more
The main reason is if you are listed as an owner, you may be responsible for some of its debt, taxes and upkeep of it. You should be asking your divorce lawyer or hire a real estate lawyer to review. The bottomline is the bank giving the mortgage can ask you for all of these because it could affect you in the future. You will have to play by their rules if you want their money or go to another bank.... more
Yes, I think you would have a good chance but you need to meet with an experienced mortgage broker and present your complete financial situation to them. They are the experts in this. I would be happy to provide recommendations to some local mortgage professionals if you want. Please contact me in private.... more
Go to CaprockRents.com to see legitimate rental opportunities. This is the website of Caprock Rentals. Many homes are pet friendly. Application fees are only $20 covering the credit and reference checks.... more
We will presume that you have qualified yourself and, better yet, have spoken to a lender. Since March is just 60-days away, it is not too early to begin your search for a home and to even put in an offer if you find the right place. By the time you identify home to purchase, negotiate the offer and go through the 5 - 6 weeks of finance requirements, your lease will be almost up. You may find that you will have to stay in your rental for an additional month or 2. Be sure to revert to a month-to-month tenancy so you can easily move when you are ready.
Hire a qualified and experienced Buyer Agent to assist you in your quest.... more