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Realty gods?


garbagepailcat

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Put in an offer on a house I really, really like. It’s close to the big city for work but not too far from family. It’s new and not falling to pieces (which pleases the husboy). So far we’ve had shit luck, so I’m not going to get my hopes up. But if y’all want to make a sacrifice to the realty gods or something, idk. It might help. I just want somewhere to live, y’all. It shouldn’t be this hard. Seller’s market. Blah blah. SELL ME A HOUSE. 

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1 hour ago, garbagepailcat said:

Put in an offer on a house I really, really like. It’s close to the big city for work but not too far from family. It’s new and not falling to pieces (which pleases the husboy). So far we’ve had shit luck, so I’m not going to get my hopes up. But if y’all want to make a sacrifice to the realty gods or something, idk. It might help. I just want somewhere to live, y’all. It shouldn’t be this hard. Seller’s market. Blah blah. SELL ME A HOUSE. 

Google St Joseph

If he can help people sell houses, maybe he can help you buy one

 

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  • 2 weeks later...
20 minutes ago, garbagepailcat said:

Thanks, disco! I’m so happy that I cried! This is such a relief. It started to feel like it would never happen. Maybe your luck will turn and you’ll find a building soon! 

funny you say that. 

after the last couple weeks of my pity party, 

i went back to a second building today, to peek inside.  the realtor only said it 'would need too much work'

i'm calling b,s. 

eh...not about me. 

ABOUT YOU!!!

and 5 acres is a lot of land. 

so much room for activities!! 

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On 10/7/2018 at 11:39 AM, garbagepailcat said:

when we put in an offer, so did someone else. 

4 hours ago, garbagepailcat said:

HOLY SHIT. We got it! Now for inspections and more chaos.

This happened to me too! When I bought this house last October, I originally got beat by a lower offer, but their bank didn't approve their mortgage loan because they messed up the paperwork so it fell through.

Turned out it was someone else from the same realtor as the selling agent, and they were trying to keep it in-house and buy it on the cheap to flip it.

 

But more importantly - Congrats!

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  • 2 weeks later...

@Sawdamizer I have a question. Just to set up the situation, this is a conventional loan on a foreclosed house.

Our lender is requiring repairs based on issues found in the appraisal (hvac, chipping paint, stained carpet, and some minuscule drywall repair). We have been told by our realtor to get some quotes for repairs and submit them to the bank that owns the house. Done. Just got them submitted today. 

What is the likelihood that the bank will make any repairs? Also, why is the lender requiring these repairs? They seem insignificant to us, and we had planned on fixing all of it once it was ours.

Forgive me if all of this is stupid. I’m trying to figure out if this house is still a viable option, and it seems like the realtor and lender are too busy to explain anything thoroughly. 

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39 minutes ago, garbagepailcat said:

@Sawdamizer I have a question. Just to set up the situation, this is a conventional loan on a foreclosed house.

Our lender is requiring repairs based on issues found in the appraisal (hvac, chipping paint, stained carpet, and some minuscule drywall repair). We have been told by our realtor to get some quotes for repairs and submit them to the bank that owns the house. Done. Just got them submitted today. 

What is the likelihood that the bank will make any repairs? Also, why is the lender requiring these repairs? They seem insignificant to us, and we had planned on fixing all of it once it was ours.

Forgive me if all of this is stupid. I’m trying to figure out if this house is still a viable option, and it seems like the realtor and lender are too busy to explain anything thoroughly. 

It's based upon overall risk appetite.

Bank A owns the toxic debt, Bank B doesn't want to assume the debt without some conditions being met, if you defaulted they wouldn't want to be sitting on a property that is considered "under construction".

It's a stipulation from the underwriter likely, and they are considered weighted stipulations.

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