How Do I Find Safe Areas In Birmingham and Huntsville?

questions

Q: I’ve been trying to find out about areas in the Birmingham & Huntsville areas of Alabama. I’ve talked to Realtors.Police Departments & C of C for these areas & keep getting the same answer,WE ARE NOT ALLOWED BY LAW TO GIVE YOU THE INFORMATION.Everything I find on the internet is so far outdated that it’s not good. I’m not asking about race,I’m trying to find out about crimes for the areas.We’re just wanting to find a home where we’ll feel safe & can have neighbors come over to visit. We live in Kansas & are considering moving to Alabama since the cost of living & real estate taxes are cheaper.
–TV, Wichita, KS

A: It is true that these people cannot tell you whether an area is “safe.” The police department, though, should be able to provide you with a list of crimes in the area. Some police departments make that information available on their web site. You can use that information to make your own decision.
Phil Lunnon is a Realtor® with Lunnon Realty in Lakewood, CO.

Are you interested in having a qualified REALTOR answer your questions?
Click through to Ask a REALTOR® now.

Are you a REALTOR who would like to answer consumer questions?
Click through to become an Ask a REALTOR® participant.

Fangtastic Halloween Fun In Your Community

Halloween is a great time of year for little goblins and ghouls to visit their grandparents at Jim Chapman Communities. The builder features boo-tiful active adult ranch style homes in five Atlanta areas: The Springs at Sterling on the Lake, Brookhaven at Sugarloaf, Brookhaven of East Cobb, Brookhaven at Johns Creek and Brookhaven at Lanier [...]

Should I Pay The Closing Costs?

questions

Q: I signed up to buy a home on a short sell through the VA. The agent told me that the bank will pay the closing cost, also I were told by the loan officer that I will probably will get money back at closing. Now the real estate agent says,I have to pay all the closing cost. She told this to me on Friday night and then proceeded to say I need to close on the following Tuesday. This is my first time buying a home and I need help. I have limited funds and knowledge about buying a home and want to avoid the “country wide “type of deal. I were told by everyone that I have to rely on my agent who said this happen because she didn’t put the closing cost in with the offer she sent to the bank. What can I do other than take her word and pay the closing cost?
–Anonymous, Desoto, TX

A: My biggest concern is that the agent tells you that the bank will pay the closing costs, then tells you at the last minute that she forgot(?) to put the closing costs in the offer she sent to the bank, and now you will be paying more than you thought you would for the house. Only you can decide whether you love the house enough, and are willing and able to come up with the extra cash to complete the purchase. If that will cause you hardship, you are not obligated to close. You should discuss this with the agent and the agent’s managing broker. You have referred to her as your agent, which implies that she should be working in your best interests. If her negligence did indeed cost you money, you might consider asking her to contribute her commission toward the closing costs. If she refuses, you can file a complaint with the real estate division in your state. You should not suffer due to her oversight.
Phil Lunnon is a Realtor® with Lunnon Realty in Lakewood, CO.

A: On the short sale approval letter it will state the exact amount that the bank has approved to pay. If any amounts approved are less than the actually amount owed than the buyer will be responsible to pay in order to close. You can always request a copy of the approval letter to know exactly what will was approved to be be paid.

Also, I would suggest you ask to review a copy of the closing statement (known as HUD-1). This will show what the buyer and seller pays and how much is due at closing.

Good Luck
Stephanie Leon
Realtor
Stephanie Leon is a Realtor® with Avanti Way Realty in Miami, FL.

Are you interested in having a qualified REALTOR answer your questions?
Click through to Ask a REALTOR® now.

Are you a REALTOR who would like to answer consumer questions?
Click through to become an Ask a REALTOR® participant.

Three Roswell New Homes Remain at Ivey Mills

Time is running out at our popular Ivey Mills community in Roswell! Buyers have been loving our gorgeous new homes in this executive, gated community, and now only three opportunities remain!
Home buyers at Ivey Mills have a tough choice between two elegant floor plans, the Rosebriar and the Barrington, both on estate size lots. The [...]

Are There New Guidelines To Shorten Short Sales?

questions

Q: Was there a guidelines put in place recently that shorten the short sales process to 30-60 day? The max. being 60 days. Thanks. If possible , please tell me where to find the information on this new guidelines. –Evy, Archer, FL

A: This is true and false. Fannie Mae, Freddie Mac, HUD, and individual banks have put in place different polices that are intended to shorten the process. Depending on the hardship, the amount of documentation required from the borrower has been greatly reduced to lower the amount of review time spent on each file. Government programs, if qualified for, also have similar changes regarding reducing the qualification requirements for borrowers. Several agencies have also added acceptable “hardships” to their lists including divorce.
It really is a case by case situation, but as of right now, I have not seen any reduction in times on any of my current short sales.
Margo Borkin is a Realtor® with Real Estate One in West Bloomfield, MI.

Are you interested in having a qualified REALTOR answer your questions?
Click through to Ask a REALTOR® now.

Are you a REALTOR who would like to answer consumer questions?
Click through to become an Ask a REALTOR® participant.

Cumming New Homes Available at The Springs at Burnt Bridge

About Sales, Inc. announces that the Cowart Building Group and The Knight Group have one move-in ready home and two more under construction at The Springs at Burnt Ridge in Cumming, Ga, with a fourth inventory home to begin soon. About Sales, Inc. is currently seeking an on-site agent to sell these amazing single-family homes [...]

Live in the Highly Sought-After Sterling on the Lake

Are you dreaming of a new home for the holidays? Stop dreaming and start owning at Sterling on the Lake in Hall County.
The Lancaster on homesite 21 is a wonderful three bedroom and two-and-a-half bathroom home priced at a low $179,900. Buyers will be wowed by all of the home’s details including the hardwood floors [...]