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Home Buying in Miami : Real Estate Advice

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Activity 1,211
Mon Feb 20, 2017
Jonathan Klurfeld answered:
If the HOA governing documents require a minimum income then yes. It is to make sure that you can afford the assessments on a continuing basis. The HOA couldnt care less about the if you have a mortgage or how you pay for the unit, as long as they get paid.

Disclaimer: I am a Florida attorney and licensed Realtor. Information posted or made available on or through this site is not intended as legal advice or to create an attorney-client relationship between you and any attorney/our firm until officially retained. You should consult an attorney for advice regarding your individual situation since every case is different and not all information is relayed in an online question.
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0 votes 1 answer Share Flag
Sat Feb 11, 2017
Jonathan Klurfeld answered:
You need to retain a lawyer as that is a legal question; especially if you are buying a house you should already have a lawyer representing you and reviewing all of the docs and doing your closing.

Disclaimer: I am a Florida attorney and licensed Realtor. Information posted or made available on or through this site is not intended as legal advice or to create an attorney-client relationship between you and any attorney/our firm until officially retained. You should consult an attorney for advice regarding your individual situation since every case is different and not all information is relayed in an online question.
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1 vote 1 answer Share Flag
Wed Feb 8, 2017
Ally answered:
The standard waiting period is 3 years for short sales and foreclosures, 2 years for bankruptcies.

However, there is a program by HUD called the back-to-work program which allows a buyer to qualify 12 months after short sales, foreclosures or bankruptcies. There must me extenuating circumstances that lead to the event, and you must be able to show that you have recovered to qualify.

This information came from The Lenders Network, they will be able to assist you in finding lenders that offer the HUD program and can help steer you in the right direction.

Good luck to you!
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9 votes 14 answers Share Flag
Thu Jan 26, 2017
CC answered:
if the bank refuses you are of the hook hopefully you were smart enough to put a time limit on their decision too as some short dale decisions can take months

Other answers mention condo ass papers but your question does not state any condo or hoa ... more
0 votes 9 answers Share Flag
Thu Jan 26, 2017
Kings answered:
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While most lenders make you wait days and sometimes even weeks to hear back about your loan, we don’t. We strive to fill in the financial gap quickly so you can get a piece of mind and get back to your daily life without having to stress over money issues. Hundreds of people turn to us every day when they are in a pinch, because we can help.

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0 votes 56 answers Share Flag
Sat Jan 21, 2017
Stoyan answered:
It depends what you are looking for. It is not a simple yes or no answer. Please don't hesitate to email me for a more detailed answer at stoyan@realestatesmarket.com.
0 votes 1 answer Share Flag
Sat Jan 21, 2017
Kathy Burgreen answered:
If it is a For Sale By Owner listing, yes you need to contact the seller / owner. Only if the listing is with a realtor / brokerage you cannot contact the owner.
0 votes 2 answers Share Flag
Mon Jan 16, 2017
Javier Olmedo answered:
Why do you want to buy at an auction type event? Those (depending on the situation) might not offer the best deals as some may have no clean title or other issues might present itself. The first type of auction as described by another realtor in this blog can be a bag of surprises. Do your homework. ... more
0 votes 6 answers Share Flag
Sun Jan 8, 2017
Thomas Martin answered:
You can check the MLS. Your realty should be able to send you a list of all the homes listed as FHA approved on the MLS. Just because the home is listed as FHA approved does not always mean it will meet FHA/HUD min property standards. We provide FHA/VA loans all the way down to a 580 fico. As a licensed real estate broker and mortgage broker over 10 years i can answer any questions you have throughout the process. http://www.florida-mortgage-lenders.com/ ... more
0 votes 14 answers Share Flag
Sun Jan 8, 2017
Tom Bawany answered:
Hello Albert

FHA has low Down Payment , 3.5% , and a 2 yr wait period after Chapter 7 Bankruptcy . Chapter 13 is less time (1 yr) but with other critera

Conventional Loan is 4 yrs after Chapter 7 and requires a 5% down payment with good credit (This may work for you)



Tom Bawany
Loan Officer
NMLS# 519971
407-924-2759 Cell
877-874-5962 Fax
Tom.Bawany@ProspectMtg.com
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0 votes 7 answers Share Flag
Thu Jan 5, 2017
Rafael Curquejo answered:
non-us may buy a house in Miami, Florida.
0 votes 2 answers Share Flag
Fri Dec 9, 2016
Isaiah Y. answered:
Try Mortgage Rates Fast. They're pretty good at getting people approved. I'll include a link to them. Hope that helps!
0 votes 31 answers Share Flag
Thu Dec 1, 2016
Karen Peyton answered:
You can, but you have to sell your house first in order to have the cash. Or you can try for a new first mortgage on your existing home...but that is the very situation you're trying to avoid on the home you will purchase.

Find an agent in Miami and discuss the details. They can provide the best info working with you directly.

Good luck!
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0 votes 1 answer Share Flag
Wed Nov 30, 2016
Jonathan Klurfeld answered:
No clue, you will need to hire an attorney literally tomorrow to review your contract and give you a legal opinion on your rights to the deposit and if seller even has the right to ask for more or not.

Disclaimer: I am a Florida attorney and licensed Realtor. Information posted or made available on or through this site is not intended as legal advice or to create an attorney-client relationship between you and any attorney/our firm until officially retained. You should consult an attorney for advice regarding your individual situation since every case is different and not all information is relayed in an online question.
... more
0 votes 1 answer Share Flag
Wed Nov 30, 2016
Thomas Martin answered:
We provide FHA/VA loans all the way down to a 580 fico. As a licensed real estate broker and mortgage broker over 10 years i can answer any questions you have throughout the process.


US Mortgage Lenders - Thomas Martin
Min FICO 580 FHA/VA Loan Approvals 7 days a week
PH: 954-667-9110
http://www.florida-mortgage-lenders.com/
http://www.fhamortgageprograms.com/
... more
0 votes 9 answers Share Flag
Fri Nov 25, 2016
Thomas Martin answered:
We provide FHA loan approvals down to a 550 fico.
US Mortgage Lenders - Thomas Martin
FHA/VA Loan Approvals 7 days a week
PH: 954-667-9110
http://www.florida-mortgage-lenders.com/

http://www.fhamortgageprograms.com/
... more
0 votes 24 answers Share Flag
Fri Nov 25, 2016
Thomas Martin answered:
For the most part all homes must be move in ready to qualify for VA or FHA. With VA the home will have to have a clear termite with no signs of damage. Usually the seller will have to repair any termite damage before closing to qualify for a VA mortgage.

US Mortgage Lenders - Thomas Martin
Min FICO 580 FHA/VA Loan Approvals 7 days a week
PH: 954-667-9110
http://www.florida-mortgage-lenders.com/
http://www.fhamortgageprograms.com/
... more
0 votes 20 answers Share Flag
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