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All Forum Posts by: Shanequa J.

Shanequa J. has started 62 posts and replied 863 times.

Post: Seller raised price 2 months after contract

Shanequa J.Posted
  • Realtor
  • Houston, TX
  • Posts 916
  • Votes 296
Originally posted by Steve Babiak:
Originally posted by Shanequa J.:
2 months ago the bank accepted an offer for a short sale. Repairs were made and new appraisal was ordered. It came back higher. ...

Notice the mistake that was made here. Not that a new appraisal was ordered. The mistake was that there were repairs made before closing. That will usually tend to increase anybody's idea of the value of the house - and for a house that is now perceived to be more valuable, wouldn't you expect that any seller would want more money?

So if I'm selling a house and the buyer requested repairs done after the contract was signed that increased the value, am I able to tell the seller that I now want more money? The bank did not do any repairs the owner did.

Post: Seller raised price 2 months after contract

Shanequa J.Posted
  • Realtor
  • Houston, TX
  • Posts 916
  • Votes 296

It was word of mouth from the realtor. The bank and the seller accepted the offer. The realtor (dual agent) called me Tuesday about the new price and closing is scheduled for Thursday.

Post: Seller raised price 2 months after contract

Shanequa J.Posted
  • Realtor
  • Houston, TX
  • Posts 916
  • Votes 296

The offer was accepted by the bank 2 months ago. How can they come back with a higher counter when they agreed to the price? The realtor offered to reduce his commission, but I said no. They are just being greedy. I will walk and they will be stuck with a house.

Post: Seller raised price 2 months after contract

Shanequa J.Posted
  • Realtor
  • Houston, TX
  • Posts 916
  • Votes 296

2 months ago the bank accepted an offer for a short sale. Repairs were made and new appraisal was ordered. It came back higher. Now the bank wants more money because they said since the previous owner had a VA loan VA has to make a certain percentage from the new appraisal. I told the realtor I wasn't paying more and to foreclose. What would you do? Has anyone had anything similar happen?

Post: Sold! 1 DOM!

Shanequa J.Posted
  • Realtor
  • Houston, TX
  • Posts 916
  • Votes 296

I've seen the show and it is the worst house flipping show I've ever seen. I know these shows are staged, but it is really over the top. I think the 1 DOM thing is totally fake.

Post: strong cat urine odor

Shanequa J.Posted
  • Realtor
  • Houston, TX
  • Posts 916
  • Votes 296
Originally posted by James Hamling:
OMG, I LOVE the smell of cat urine in the morning........ it smeels like money!!!!!

LOL. Funny! :D

Post: Section 8 chaos

Shanequa J.Posted
  • Realtor
  • Houston, TX
  • Posts 916
  • Votes 296

Has anyone watched this? I feel bad for these people because some really need housing assistance especially in this bad economy. It's just sad.

http://www.youtube.com/watch?v=Q5ocjZ9GatA

Post: loan left

Shanequa J.Posted
  • Realtor
  • Houston, TX
  • Posts 916
  • Votes 296

In my county, the register of deeds is online for free. Type your county + register of deeds in a search engine. Not every county has it online. I also use the tax assessor's website. If not, you can always go to the court house. I don't know if it's free though.

Post: loan left

Shanequa J.Posted
  • Realtor
  • Houston, TX
  • Posts 916
  • Votes 296

You can ask them or get their mortgage statements. You can also use an amortization table but you have to know the starting loan amount, total years financed, interest rate, and the remaining years to be financed. An amortization table is available online. Plug the numbers in and it'll do the calculations.

Post: money down

Shanequa J.Posted
  • Realtor
  • Houston, TX
  • Posts 916
  • Votes 296
Originally posted by Mark Fitzpatrick:
Hi Thomas, the key is finding a deal with built-in upside, then finance with a partner or hard money. Once the deal is rehabbed (assuming it needs it), you can refi into permanent bank financing. I have a free report you can grab off my website that shows you how to do this. The link is either on my profile or my signature, so feel free to check it out.

Awesome report from your website. It's always good to hear what lenders look for from an actual lender.