We got back the appraisal on our house. It was built in 1950 so is 59 years ancient. On the section "COST APPROACH TO VALUE" it reads the below:
"Physical depreciation calculated utilizing the economic age-life method. Land
to value ratio is typical for the area. Remaining Economic Life: The difference
between the effective age and the economic [...]

We have found a bank owned home that requires a lot of work which we can do at a honestly low cost being that we have family/friends that are licensed in different trades and are willing to do the work at cost…. the problem is, my boyfriend is VA approved and the listing agent doesn’t [...]

b of a needs me to sign a new HUD-1 statement that has figures on it, all they did was make it say SELLER PAID for the things the seller paid, but this is the 3 rd time they are doing this with a different doc. First it was the termite {cause i [...]

My hubby and I are ready to buy our first home. We just want to make sure we don’t get taken advantage of or screwed over in the process. Any advice on this? We are not too concerned about the loan process b/c he is in the Air Force and we are [...]

mamata banerjee is a storm in poliotics. as tysumi may not be contained so is mamata, for ego based mamata politics is just a dirty game. she means no security to any alliance, no political ethics. she started pressurizing upa to throwout cpm & allince in west bengal before the term expires. the [...]

I’m need advice. I have 30 year fixed mortgage at 7.25%. Because interest rates are low and I want more liquidity for the rocky future I want to refinance. I have a excellent credit history, excellent payment history, solid work history, eligible for a VA loan but cannot refinance because my house will not appriase [...]

IS IT POSSIBLE FOR A MORTGAGE LENDER TO PLACE SOMEONE
ON A RETENTION PROGRAM AS THE OWNER BECAME SICK FELL SHY OF 3 MONTHS,PAID THROUGH FOREBERENCE PROGRAM,THE HOUSE PAYMENT KEEPS GOING UP,I HAVE A
LETTER DATED SEPT.2008 THAT MY NAME CAME AND LOAN#,
AS WELL AS A FEW OTHER THINGS THAT WERE TAPED INTO BY
AN INVESTIGATION WITH THE [...]

Tags: HUD VA

I am buying a condo in NH ( which has had two owners in the family) and was reviewing the HUD 1 statement and noticed there is a 750 fee built on for title insurance. I was under the impression that this was my discretion. Is this something that I can elect yes or no [...]

I am buying a 60,000 townhome with a VA loan. My lender is saying I have to bring 1000 to closing, after my 1000 earnest money and after 1600 HUD is paying in closing.. seems a small high to me. Every thing I have found online says closing costs 3-5%, this is approaching [...]