Saturday, August 18, 2012
Getting an FHA Loan after Foreclosing
SOMEONE SAID:
I am interested in purchasing a new home using FHA guidelines, but have problems. Back in 2009 I had a foreclosure on our current house which also had a second attached to it. The County records state the house was signed over Sept 09 and resold Dec 2009. I Filed Chapter 7 BK in March of 2010 and was Discharged in July 2010. The Bankruptsy attorney included the house and second on the BK to eliminate the 2nd. MY credit report is showing 3/2010 now for the house accounts not the 2009 dates provided through the county. Question I have is can I still Qualify for a FHA loan?
MY RESPONSE;
Every situation is different. I am working with qualified buyers right now that went through a similar scenario as yours. Every situation is unique and the lending guidelines have changes significantly since 2009. In my opinion, you should talk to a qualified LOAN OFFICER and have them run a preliminary loan approval for you. If you are not immediately capable of purchasing, they should at least be able to get you on the right path to fix what ever is necessary for you to buy a home.... Best of luck!!
Danny Long
The Long Group
RE/MAX Results
Monday, May 7, 2012
Avoid Foreclosure, Sell Short! MN
We help Home Owners who struggling to make their payments sell there home. Having a Real Estate agent that knows the ins and outs of the process is extremely important if to increase the probability of a successful Short Sale. We are here to Help. Please contact Danny with The Long Group for a no Obligation Consultation. DanielLong97@gmail.com or call (952) 240-8821
Tuesday, April 10, 2012
Selling your house in Lakeville MN
Contact The Long Group with Keller Williams for your no obligation Market Analysis on your home.
(952) 240-8821 or email DanielLong@kw.com
Sell a Home
When it's time to move, you need someone who will advertise your home, show to prospective buyers, negotiate the purchase contract, arrange financing, oversee the inspections, handle all necessary paperwork and supervise the closing. We can take care of everything you need, from start to close.
When it's time to move, you need someone who will advertise your home, show to prospective buyers, negotiate the purchase contract, arrange financing, oversee the inspections, handle all necessary paperwork and supervise the closing. We can take care of everything you need, from start to close.
Consult on Home Selling Tactics
Oftentimes buyers don't visualize living in your home the way you do. We can make your home attractive to its ideal audience - which can help you get top dollar. Things like staging the home, making repairs or minor improvements, or even simply painting the walls can be the difference between a home resting on the market and one that's sold fast.
Oftentimes buyers don't visualize living in your home the way you do. We can make your home attractive to its ideal audience - which can help you get top dollar. Things like staging the home, making repairs or minor improvements, or even simply painting the walls can be the difference between a home resting on the market and one that's sold fast.
The housing values in Lakeville is stabilizing. Lakeville is projected to have I high population increase in the next five years. This is good for homeowners when buyers are looking for good property values in a growing city with great Lakeville schools.
First Time Home Buyers in Apple Valley MN
If you are a first time home buyer there are some key point that you should try to focus on when buying you first home Apple Valley
What can you afford?
Before you get out there and physically start looking at homes you should talk to a Loan Officer and get a Pre Approval Letter. You will need this for two reason. First of all, why start looking at homes if you are unsure what a bank will lend you money on. It is always unfortunate when a buyer finds the home of their dreams only to find that that are not qualified to purchase. A lender will run your credit score and weigh your Debt to Income to see what you can afford. Second, when you are ready to write an offer on a home, all offers must be presented with a "pre approval" letter or "proof of funds" if you are paying cash. Any one that is selling their home will want to see that a prospective buyer is capable of doing so before they pull their home off the market with a pending sale.
What are your "Must Haves" in buying a home in Apple Valley?
Make a list of 5 thing that you must have e.g; Location, Style of House,Yard Size, Kitchen Size, Master Bed, number of bathrooms etc..... Keep in mind, that you may have to sacrifice one thing to get another but 4 out 5 is great. Narrow your search down with your must haves. With so many homes on the market, it is important to do this, other wise you could end up looking at 30-50 homes. I have seen it time and time again, with out understanding what you really need in a house, the home buying process can drag out to the point where it becomes more of a chore for the buyer and it takes out the excitement. Identify what you need vs what you want and focus on those needs. The average home buyer looks at 15 homes before writing an offer.
What should I expect from my Realtor?
What can you afford?
Before you get out there and physically start looking at homes you should talk to a Loan Officer and get a Pre Approval Letter. You will need this for two reason. First of all, why start looking at homes if you are unsure what a bank will lend you money on. It is always unfortunate when a buyer finds the home of their dreams only to find that that are not qualified to purchase. A lender will run your credit score and weigh your Debt to Income to see what you can afford. Second, when you are ready to write an offer on a home, all offers must be presented with a "pre approval" letter or "proof of funds" if you are paying cash. Any one that is selling their home will want to see that a prospective buyer is capable of doing so before they pull their home off the market with a pending sale.
What are your "Must Haves" in buying a home in Apple Valley?
Make a list of 5 thing that you must have e.g; Location, Style of House,Yard Size, Kitchen Size, Master Bed, number of bathrooms etc..... Keep in mind, that you may have to sacrifice one thing to get another but 4 out 5 is great. Narrow your search down with your must haves. With so many homes on the market, it is important to do this, other wise you could end up looking at 30-50 homes. I have seen it time and time again, with out understanding what you really need in a house, the home buying process can drag out to the point where it becomes more of a chore for the buyer and it takes out the excitement. Identify what you need vs what you want and focus on those needs. The average home buyer looks at 15 homes before writing an offer.
What should I expect from my Realtor?
When working with my clients, I pride myself in providing all of the necessary resources to help them with a smooth transition into the world of home ownership.
Please feel free to contact Danny Long with The Long Group with any questions that you may have. Whether you are first time home buyer are have been through the process before, I can help!
Sunday, April 8, 2012
Apple Valley Real Estate Market Trends 2012
Specializing in South Metro Real Estate since 2010. The Long Groups expertise in cutting edge technology, marketing tactics and ability to work as a team provide the greatest overall experience for our clients today.
Sunday, July 10, 2011
Introduction
Hello to everyone,
My name is Danny Long. I am a realtor with Keller Williams Integrity Realty and I work with a team called "The Long Group". My office is located in Eagan Minnesota. I have been a realtor in the Twin Cities South Metro for a little over a year now (June of 2010). My self my wife Rachel, my brother Keller and his wife Kristen are in the business together as partners. We have goals of growing a successful family Real Esate business.
In the future I will be posting blogs to help consumers better understand the many aspects of real estate. Be it buyers, sellers, renters, investors, or anyone looking to go into real estate as their career. I am hoping that the blogs I post will be insightful to anyone that is interested in getting into the Real Estate Market.
I will also post my own personal experience in transactions along the way. One thing that I have learned, is no two transactions are the same.
I look forward to this blogging experience for it is something that I have never done. Hopefully, sometime along the way, something I post will help someone. I look forward to it!!
Until next time,
Danny Long
The Long Group
Keller Williams Integrity Realty
http://www.tlghomesmn.com/
DanielLong@kw.com
(952) 240-8821
My name is Danny Long. I am a realtor with Keller Williams Integrity Realty and I work with a team called "The Long Group". My office is located in Eagan Minnesota. I have been a realtor in the Twin Cities South Metro for a little over a year now (June of 2010). My self my wife Rachel, my brother Keller and his wife Kristen are in the business together as partners. We have goals of growing a successful family Real Esate business.
In the future I will be posting blogs to help consumers better understand the many aspects of real estate. Be it buyers, sellers, renters, investors, or anyone looking to go into real estate as their career. I am hoping that the blogs I post will be insightful to anyone that is interested in getting into the Real Estate Market.
I will also post my own personal experience in transactions along the way. One thing that I have learned, is no two transactions are the same.
I look forward to this blogging experience for it is something that I have never done. Hopefully, sometime along the way, something I post will help someone. I look forward to it!!
Until next time,
Danny Long
The Long Group
Keller Williams Integrity Realty
http://www.tlghomesmn.com/
DanielLong@kw.com
(952) 240-8821
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