Archive for category Renting & Real Estate

Will a mortgage company underwriter verify your bank balance if the have up to date bank statements?

Wondering 1976 asked:


My information is being sent to the mortgage underwriters but, I have had to withdraw some funds from my bank account. The bank statement they have is current. Will they call my bank to verify funds even though they have bank statements and I haven’t provided a telephone number?

What is a home appraisal, and how does the bank conduct it?

Dave asked:


I just bought a house and my realtor told me, the bank needs to appraise the home, before they can complete the loan. What does this mean?

So the PMI pays the bank for the deficiency of sale of a foreclosed home?


So we still have to pay the deficiency? Seems like the bank is being paid twice? With our bk, they want to liquidate the small amount of stock and our vehicles. Or does the PMI insurance step in afterwards for the bank?Submited by:Mary B

I want to buy house but it is in a possession of a bank.How do you deal with the bank?

vicenta asked:


I already have an agent working for me,but I want to learn the system on how to bit the bank so I won’t be push around the system of owning a property. The property has a “short sale” clause in it.

What visa is necessary for buying a house?

toky asked:


I know people that have good credit, money for downpayment and TPS work permit from USCIS but the banks are saying they can not lend the money as credit because they not hold a visa as H1 or similar. What are the requirements? Is this legal?

How long is it usually before the bank forecloses on your home?

Carolina asked:


I know someone who has not paid their mortgage for 4-5 months. How long does it usually take before the bank takes action?

How long does it take a bank to approve a bid on a short sale of a pre-foreclosed house?

I put a bid down for a short sale, pre-foreclosed house 3 weeks ago and haven’t heard a response from the seller’s bank yet. The seller’s relator doesn’t have any answers for me. He does tell me that there was one other offer placed 2 1/2 months ago, but hasn’t heard whether the bank accepts that offer!!!! My offer was slightly more than their asking price, so I know it was reasonable. Please give me some advise regarding how long I should wait to hear if they accepted my bid. Does it usually take this long? Anyone have any experience buying a short sale house?

By: twucaraut

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How much does credit affect your ability to get an apartment?

Y asked:


i have bad credit, but i dont know what my credit score is yet, i have good rental history have been in the same apartment for 3 1/2 years. how much does credit really affect my chances of moving into an apartment.

What questions do apartments ask the bank in a verification form. before you are approved for the apartment?


i have applied for an apartment and they asked to give bank info. and they would be sending bank form of verification.Submited by:Sexy_Rican

How long does it takes for the bank to foreclosure a home?


I dont know if im asking correctly, my niece is moving to my sister’s home which she was unable to continue paying for ( she bought the house 3 years ago). My sister already move away to another state and left the house for foreclosure or for the bank to take since she can no longer pay and told my niece that she could move in until the bank takes it away. But our question is how long until the bank takes over the house physically? since she haven’t pay for 3 months? Thanks for your answers.Submited by:timbalita

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