Posts tagged closing

this was a hud sale realtor did not submit allowed expenses for closing?

2
1 year ago
by admin in

Question : this was a hud sale realtor did not submit allowed expenses for closing?
hud allowed $ 1965.00 for closing upon checking with the management company, i was told it was up to the Realtor and title company and my requested appraisal fee and homeowners insurance would be a allowed closing cost expense,however as i stated previously, we did not find out until the last moment that they did not include those fees but gave as a home warranty instead, since there offer to postpone was not an option my question was what recourse do i have,
homeowners warranty insurance

Best answer:

Answer by acermill
None, if you have already closed on the purchase. At time of closing, you signed the HUD statement, thereby agreeing with same. If you were aware of those options at closing and closed anyway with that knowledge, the responsibility is yours.

Can I refinance my mortgage with no closing costs if I owe more than it is worth?

6
1 year ago
by admin in

Question : Can I refinance my mortgage with no closing costs if I owe more than it is worth?
I already have a 30 year fixed (6.38%) but would like to take advantage of the lower rates now. My mortgage is through SunTrust and (unfortunately) I have never been late with payments and am not in any financial distress. The main problem is that because of the current market, I owe more than what it is worth.

Is this possible without bringing any money to the table for closing?
no closing cost refinance

Best answer:

Answer by kissamahbutt
Not a chance. You will always have to pay processing fees when you refinance, and because you are up-side-down in the loan, it will be hard to get approved. You will need to bring money.

Commercial Bridge Loan Financing – Fast Closing Commercial Bridge Loan Programs

14
1 year ago
by admin in

commercial loan financing


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Get your homeowners insurance before provision Closing

0
1 year ago
by admin in

Now that your offer will be accepted on a house, the whole process is nearing completion until the day of closing. But this does not mean you have nothing to do before closing. You still have to consider some things before closing. One of the most important things you need to do to get in the weeks before the end of the closure of homeowners insurance.

If you own a house for the first time, chances are you already have renters insurance. Homeowners insurance is like the tenants, but it is more expensive and has more elements. You need to protect your property and not just your property, and that’s why you need to get homeowners insurance. Homeowners insurance provides protection for owners of financial losses from theft, windstorm, fire, natural disasters and all other causes explained in your policy. Please read the policy details and your rights. Take a second look at your policy and know your rights.

It is best, home insurance, which covers five or six separate contracts instead of covering for specific coverage. They spend more when you obtain separate measures. Homeowners insurance includes five ceiling

home insurance. This warranty covers the physical structure of the house and no other structures such as the guest house, fences, detached garage, etc. This means that you will be covered in the event of damage. Main house and stems as a garage

Personal Property Coverage: This coverage home insurance guarantees the contents of your home appliances such as terms that you do not usually become an integral part structure of your home such as furniture, televisions, household appliances, clothes, utensils and tools

liability insurance. This insurance will guarantee, if you owe someone other injuries or damage. In one such incident homeowners insurance soon enter a minimum of 000 as the cover. Policyholders will receive an additional bonus of one million dollars. This cover includes emergency relief stage, injury medical costs, legal defense, loss of income compensation, funeral costs, (the person must be listed on the policy of insurance) are guaranteed, and the medical care for sickness and / or illness.

medical care payments, this insurance will cover your medical costs if someone is injured, also in the area of your property. specific injuries are covered by your health insurance, including your dog bites someone on your property. It also covers the insured and their family members, if the vehicles of others, or if the insured person and their family members are on foot and hit by a car. Hedging costs are subject to limits you choose when you purchase your auto insurance. Normally, the basic service, you can set the value 0, which can increase to 00 by paying additional

loss of use coverage. If your house is damaged for any reason and become homeless, under this situation, that your insurance covers your living expenses.

With all the advantages that make insurance owner Ensure the security of your home and your life.


Home Insurance

I would like to refinance my house but have no money to put down or use toward closing cost. Could I do it?

7
1 year ago
by admin in

Question : I would like to refinance my house but have no money to put down or use toward closing cost. Could I do it?
I’m looking for a rate better than 5.875 for 30 years. This would help greatly since we’re on one income as I have lost a job, but my husband has a secure job and I can’t get unemployment. Only thing is we have necessary expenses, so there is no more cutting down. Our mortgage is 1665 monthly and he brings home 2000. I’m looking for a job but I’m having trouble finding one even with temp agencies help. Since I have young kids, finding mothers hours make it more difficult.
no closing cost refinance

Best answer:

Answer by Robin C
The interest rate you are paying is not that high. You can find a no fee, no closing cost re-finance, so it is possible to do it.

Do you have to pay any closing costs when you refinance your home?

3
1 year ago
by admin in

Question : Do you have to pay any closing costs when you refinance your home?
I’ve been in my home for about a year, and with the fed cutting interest rates I’ve been thinking about trying to consolidate my two loans into one low interest mortgage. I’ve got 25% through Chase at 8.75% and the remaining 75% through Wells Fargo at 6.25%. I’m thinking about refinancing, but am wondering if I’d have to pay closing costs again. Does anybody know about the process involved? Thanks.
low cost refinance

Best answer:

Answer by Nancy Kay
yes, you will have costs associated with the new loan closing, such as appraisal, lender fees, title and escrow costs, unless you are able to qualify for a “no cost” refinance program, of which there are fewer and fewer these days, and they often increase the interest rate to compensate for no closing costs up front.

How much can I expect for closing costs?

1
1 year ago
by admin in

Question : How much can I expect for closing costs?
I am about to by a two-family home in upstate NY. I am buying it outright, no mortgage. The building inspector has given it a pretty clean bill of health. I have already paid him. I just need to know how much I am going to need to move around in order to pay the lawyer, fees, taxes, etc. The property taxes are $ 2,500/year. Selling Price is $ 24,000. $ 1,000 in escrow, leaving $ 23,000 on the table. Realtor’s cut will be paid by seller.
ny home inspector

Best answer:

Answer by Common Sense
Not psychic, but figure 3-4000 for costs.

Can I sue the seller of my home after closing is over?

3
1 year ago
by admin in

Question : Can I sue the seller of my home after closing is over?
First let me say that I know I’m going to have to talk to an actual lawyer from my state, but I’m at work and my day is dragging because of worry; so I’m on here in hopes that someone can calm my nerves a bit.

Now, my question is:

My husband and I closed on our first home July 9th. We left immediately to go out of town right after closing and only spent a couple nights in our new home and everything seemed to be running smoothly. However, upon returning from vacation we noticed that our A/C unit was running literally 24/7, but not cooling the house. We contacted a HVAC center to make sure (I know it sounds silly, but you never know) that we had it turned on properly and set properly and we did. So the next day we contacted our home warranty company to file a claim that the AC was obviously broken. The HVAC company came to our home and told us that basically the AC was installed incorrectly and that the warranty would not cover it. He informed us that it was shotty work and that we would need to contact the seller to make repairs, or it would cost us 3k.

My husband and I had TWO home inspections, so we did not buy the home blindly. However, the home inspector did not mentional anything about the AC unit. I asked the home inspection company and our real estate agent whether he should have and they both informed me that the home inspector is not a trained HVAC technician and his only job it to state whether its working properly at the time of inspection, which it seemed to be (mind you it was only 70 degrees out side, now it’s 95 and my house is a sauna) so it wasn’t stated in the report.

My overall question is, if the buyer refuses to make the repair do I have any hopes at winning in small claims court now that we’ve lived in the home for two weeks?
seller home warranty

Best answer:

Answer by Michael C
You would have to show that they knew the AC was not working properly and intentionally misled you.

how do i find out who my mortgage companies closing lawyer is?

1
1 year ago
by admin in

Question : how do i find out who my mortgage companies closing lawyer is?
i am selling my home and my closing lawyer needs to get a hold of my mortgage companies closing lawyer to ask him some questions.
my mortgage companies name is option one mortgage company.
mortgage companies

Best answer:

Answer by Paul S
1. Is you home currently on the market or is it under contract with a buyer?

2. Does Option One currently hold the mortgage on the house or is that who will fund the loan for the buyer?

Please clarify the situation.

If you don’t want to go into it here send me a private email at Info@LegacyFunding.net

Paul S.

the difference between a fixed mortgage and a home equity loan is a home equity does not have closing cost?

7
1 year ago
by admin in

Question : the difference between a fixed mortgage and a home equity loan is a home equity does not have closing cost?

fixed home equity loan

Best answer:

Answer by Apathy
Some home equity loans have closing costs.

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