Comments for Gary N Smith.net http://garynsmith.net Home Inspections | Energy Ratings | Construction Consulting | Serving Central MS since 1974 | 601.691.1496 Wed, 09 May 2012 13:07:36 -0500 hourly 1 http://wordpress.org/?v=3.3.2 Comment on Brave First Time Home Buyers Buy a Fixer Upper by Web http://garynsmith.net/brave-first-time-home-buyers-buy-a-fixer-upper/#comment-1511 Web Wed, 09 May 2012 13:07:36 +0000 http://garynsmith.net/?p=1474#comment-1511 Eventually, everything boils down to owning that house that you have been dreaming of. You have tried and have become tired of living in apartments, in condominiums, in rental homes, and in your parents' living room. However, you still crave and long for that structure that would be under your name and that you can call your home. And if luck prevails, you may own the home that you have been dreaming of. Eventually, everything boils down to owning that house that you have been dreaming of. You have tried and have become tired of living in apartments, in condominiums, in rental homes, and in your parents’ living room. However, you still crave and long for that structure that would be under your name and that you can call your home. And if luck prevails, you may own the home that you have been dreaming of.

]]> Comment on The Real March Madness: House Hunting with First Time Home Buyers by Ottawa home inspection http://garynsmith.net/the-real-march-madness-house-hunting-with-first-time-home-buyers/#comment-1510 Ottawa home inspection Wed, 09 May 2012 13:06:30 +0000 http://garynsmith.net/?p=1576#comment-1510 Seeing the fishbowl or the cap being passed around again? Your office community is again beginning to bet on who will win the NCAA and which school will dominate the entire NCAA roster. There will be a frenzy of hoop talks and fearless forecasts that is so indicative of university basketball betting. There is a reason why people call it the "March Madness." Seeing the fishbowl or the cap being passed around again? Your office community is again beginning to bet on who will win the NCAA and which school will dominate the entire NCAA roster. There will be a frenzy of hoop talks and fearless forecasts that is so indicative of university basketball betting. There is a reason why people call it the “March Madness.”

]]> Comment on 10 Home Improvement Projects You Can Finance with FHA 203k by Gary Smith http://garynsmith.net/10-home-improvement-projects-you-can-finance-with-fha-203k/#comment-1502 Gary Smith Mon, 16 Apr 2012 22:33:00 +0000 http://garynsmith.net/?p=1388#comment-1502 No legal background here, but I'd say yes to getting all heirs to agree to "who owns what"! No legal background here, but I’d say yes to getting all heirs to agree to “who owns what”!

]]> Comment on 10 Home Improvement Projects You Can Finance with FHA 203k by No Profile Comment http://garynsmith.net/10-home-improvement-projects-you-can-finance-with-fha-203k/#comment-1501 No Profile Comment Mon, 16 Apr 2012 21:22:44 +0000 http://garynsmith.net/?p=1388#comment-1501 Ola! Garynsmith, Thanks for the info, My father is getting ready to begin a huge home improvement project(i.e. renovation and restoration). However he has a huge problem. When my grandmother passed back in 1984, she left the house and property to my father and his other 5 siblings. The problem is, 4 of the siblings have been dead for 25 years. When they were, they never paid property taxes, utility bills, or contributed to anything with the household, my father has been the main person who occupies the house, maintains the utilities, AND pays the property taxes. My father is in the beginning stages of the project but cannot seem to finance the project. In order to obtain a home equity line of credit, he is told that the remaining parties on the deed that are deceased would have to be removed from the deed. My question is, the children of the decease? They are trying to get house out of my fathers name so they can sell the estate and get the money. if my father gets the line of credit does he owe them anything? Keep up the good work Ola! Garynsmith,
Thanks for the info, My father is getting ready to begin a huge home improvement project(i.e. renovation and restoration). However he has a huge problem. When my grandmother passed back in 1984, she left the house and property to my father and his other 5 siblings. The problem is, 4 of the siblings have been dead for 25 years. When they were, they never paid property taxes, utility bills, or contributed to anything with the household, my father has been the main person who occupies the house, maintains the utilities, AND pays the property taxes. My father is in the beginning stages of the project but cannot seem to finance the project. In order to obtain a home equity line of credit, he is told that the remaining parties on the deed that are deceased would have to be removed from the deed. My question is, the children of the decease? They are trying to get house out of my fathers name so they can sell the estate and get the money. if my father gets the line of credit does he owe them anything?
Keep up the good work

]]> Comment on Short Sale Negotiations | Seller Cash Contribution by Short Sale Negotiations | Seller Cash Contribution | Gary N Smith.net | What Is Short Sale Of A Home http://garynsmith.net/short-sale-negotiations-seller-cash-contribution/#comment-1171 Short Sale Negotiations | Seller Cash Contribution | Gary N Smith.net | What Is Short Sale Of A Home Mon, 05 Mar 2012 02:53:14 +0000 http://garynsmith.net/?p=1566#comment-1171 [...] really is no “standard” in short sales. The way one … … See the rest here: Short Sale Negotiations | Seller Cash Contribution | Gary N Smith.net ← Short Sale Second Mortgage, Tips on Preserving Your Credit Score Keep Your Home [...] [...] really is no “standard” in short sales. The way one … … See the rest here: Short Sale Negotiations | Seller Cash Contribution | Gary N Smith.net ← Short Sale Second Mortgage, Tips on Preserving Your Credit Score Keep Your Home [...]

]]> Comment on Top 3 Things to Consider When Hiring a Contractor by Gary Smith http://garynsmith.net/top-3-things-to-consider-when-hiring-a-contractor/#comment-1170 Gary Smith Mon, 05 Mar 2012 02:01:58 +0000 http://garynsmith.net/?p=1549#comment-1170 Yes sir, you're correct and you made an excellent point with your comment on Facebook about how some borrowers who work with the FHA 203K Rehab program think they're experienced enough to perform work on the job. As a consultant who has worked with hundreds of these rehab projects, when a homeowner elects to participate in the project with sweat equity the project starts to unravel. Working along side the contractor also opens both parties to increased liability. It's best to hire an experienced contractor and leave the job to the experts. For those who are not members, join us in the Facebook Group :: FHA 203K Pros at this link: https://www.facebook.com/groups/203kconsultants/ Yes sir, you’re correct and you made an excellent point with your comment on Facebook about how some borrowers who work with the FHA 203K Rehab program think they’re experienced enough to perform work on the job. As a consultant who has worked with hundreds of these rehab projects, when a homeowner elects to participate in the project with sweat equity the project starts to unravel. Working along side the contractor also opens both parties to increased liability. It’s best to hire an experienced contractor and leave the job to the experts.

For those who are not members, join us in the Facebook Group :: FHA 203K Pros at this link: https://www.facebook.com/groups/203kconsultants/

]]> Comment on Top 3 Things to Consider When Hiring a Contractor by Mike Otto http://garynsmith.net/top-3-things-to-consider-when-hiring-a-contractor/#comment-1169 Mike Otto Mon, 05 Mar 2012 01:36:29 +0000 http://garynsmith.net/?p=1549#comment-1169 Weighing in on this post as a contractor I usually find most homeowners who do create that list of what they want to do are 50% ahead of other homeowners. As a contractor though I find most of these lists don't take into account value engineering or alternative solutions to solve the problem. I suggest interviewing 3 contractors and hiring one you trust to help figure out what the list really should be. Thirty percent of homeowners who bring these lists to me end up deciding a remodel is not the right thing to do Weighing in on this post as a contractor I usually find most homeowners who do create that list of what they want to do are 50% ahead of other homeowners. As a contractor though I find most of these lists don’t take into account value engineering or alternative solutions to solve the problem. I suggest interviewing 3 contractors and hiring one you trust to help figure out what the list really should be. Thirty percent of homeowners who bring these lists to me end up deciding a remodel is not the right thing to do

]]> Comment on Top 3 Things to Consider When Hiring a Contractor by Gary Smith http://garynsmith.net/top-3-things-to-consider-when-hiring-a-contractor/#comment-1167 Gary Smith Mon, 05 Mar 2012 00:14:42 +0000 http://garynsmith.net/?p=1549#comment-1167 Thanks Vito, you've got some good looking videos with top notch info. Bo, you're right, contractors in our area do a great job and we're here to help them make wise choices! Thanks Vito, you’ve got some good looking videos with top notch info.

Bo, you’re right, contractors in our area do a great job and we’re here to help them make wise choices!

]]> Comment on Top 3 Things to Consider When Hiring a Contractor by BoKnowsMortgages http://garynsmith.net/top-3-things-to-consider-when-hiring-a-contractor/#comment-1166 BoKnowsMortgages Mon, 05 Mar 2012 00:08:43 +0000 http://garynsmith.net/?p=1549#comment-1166 Great tips Gary. Always good stuff related to helping our customers with the FHA203k Renovation Tricks. Great tips Gary. Always good stuff related to helping our customers with the FHA203k Renovation Tricks.

]]> Comment on Top 3 Things to Consider When Hiring a Contractor by Vito Simone http://garynsmith.net/top-3-things-to-consider-when-hiring-a-contractor/#comment-1165 Vito Simone Sun, 04 Mar 2012 22:55:11 +0000 http://garynsmith.net/?p=1549#comment-1165 Great post Gary full of good information. There are some excellent short videos on a 203k channel at http://203kExperts.com as well. Thanks! Vito Simone HUD 203k Consultant Great post Gary full of good information.
There are some excellent short videos on a 203k channel at http://203kExperts.com as well.

Thanks!

Vito Simone
HUD 203k Consultant

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