Answer by Edmund Choi: It depends. Do you want to purchase or rent your next home? Are you in a position to bring money to closing on the sale of your current home? If you were to short sale your home, would the lack of access to the mortgage market for a period of 12-36 months impact your goals, both financial and personal? Could you live in your home a few […]
Answer by Edmund Choi: You can certainly negotiate for a seller's assist; however, don't assume that it will correspond with what your lender will allow depending on the loan product you qualify. Each investor has a unique matrix, and it may not allow for any at all. Good Hunting! […]
Answer by Edmund Choi: Welcome to Collegeville, Young! Several things should be addressed since we have some time before shopping for a home. Assembling your "team" - realtor, mortgage banker, title company, etc.- will allow the process to move efficiently and smoothly. This forum doesn't allow enough opportunity to discuss all that needs to b […]
Answer by Edmund Choi: It is possible to complete a short sale without a financial hardship. However, the bank will most likely not waive the deficiency. Depending on your intermediate and long-term goals, access to credit markets will also be temporarily halted. There may be alternatives, but a more thorough discussion of your situation would help. […]
Picking a neighborhood is not as simple as buying a car. It's more like falling in love, in all its messy serendipity. You narrow your prospects, go on a lot of reconnaissance missions, and then, if you're lucky, stumble into the right fit.
Since 2004, my mission has been, quite simply, YOUR HOME.