Renting & Real Estate - September 2006

I have an opportunity to purchase a home that is going to be foreclosed on. The seller is asking me to purchase it, let him live in it for 1 year by paying me rent, and give me $10,000. When the year is up, I will sell it back to him at market price. He simply does not want to lose the house. Does this sound legit?

2006-09-27 12:34:36 · 12 answers · asked by Chacie 2

I recently bought a new house and I am living in that house. I bought the new house before selling the old house. I know, a mistake!! The old house won't sell!! It has been on the market for more than 60 days with no offers. I can't afford to keep paying two mortgages. The old house has a first and second mortgage. I don't know what to do. I can't rent it for as much as the payments are and I'm draining my savings paying mostly interest. If I have to let it go and the bank forecloses what happens to my new house and my other assets?

2006-09-27 12:33:46 · 10 answers · asked by jn 1

2006-09-27 12:02:58 · 7 answers · asked by ben.napa 1

I am doing the entire application process from Michigan and faxing everything. Is there anything I need to becareful about? I have heard of scams. The renters have a website and they look legit..

2006-09-27 11:41:09 · 6 answers · asked by Katherine 2

or organizaton that could help me?

2006-09-27 11:11:25 · 5 answers · asked by Anonymous

apply for an equity loan for 20.000 at this time, will that hurt me when i refinace in 2007.

2006-09-27 11:09:09 · 8 answers · asked by dpbran 1

I am refinancing my 540K mortgage and the loan origination fee is 1% is there any way to avoid this? or is this common. total closing costs including prepaids is $11,700. Help!!

2006-09-27 11:02:41 · 13 answers · asked by roberta 2

limited supplies? not enough houses for people? I just read an article about how expensive it is in the UK, just woundering why?

2006-09-27 10:45:49 · 13 answers · asked by OneDay 3

How low do you think fixed rate morgate rates will go in the next 12 months.

2006-09-27 10:39:51 · 4 answers · asked by danzka2001 5

what is fair? as a down payment and how do we know how much our royalties should be? should be get a lawyer?

2006-09-27 10:34:03 · 3 answers · asked by Louvina A 1

I am looking to find out the current rate of Property Taxes in California. Is there a website that lists the percentage that anyone knows about? Any information or even the rate and how you got it would be great.
Thanks in advance!!

2006-09-27 10:21:18 · 5 answers · asked by DL 1

Mother has been declare incompetent (demenetia). Siblings fighting over property even before Mom passes - think I'm "after" the house. Family is a mess - mother's will was done out of anger and everything has changed. She will be going into nursing home. Would like to avoid probate after her death. I want to add all of my siblings to the title so that everyone feels better about their "inheritance" and I can get on with caring for mom without all the fighting.

2006-09-27 09:38:29 · 6 answers · asked by Shirley 1

Escrow closed and they can not change the rental agreements until Nov.1.We do not know who they are as of yet and not sure what to do here .I would love to pay ,but to whom ?

2006-09-27 09:32:02 · 3 answers · asked by Mike E 1

2006-09-27 09:20:47 · 9 answers · asked by Simple1 1

I have a very large property with a large garden, perfect for either option. It would provide a great location for the retired or a people who require care.

2006-09-27 08:57:18 · 7 answers · asked by Bryan B 1

2006-09-27 08:56:52 · 5 answers · asked by NeedStudioAptFast 1

2006-09-27 08:42:52 · 5 answers · asked by curiosity 2

2006-09-27 08:38:03 · 5 answers · asked by Debasish g 1

We have recently moved, and before doing so we contacted a local real estate agent for help in finding a home. Once arriving, we gave the agent information about what we are looking for, but he has not been sending us any listings or taking us to view any houses. He also asked us to get prequalified through his lender (which we did) and send him a certified 1000 check to use as earnest money if we find a house we want to make an offer on (we have not sent the check!). The thing is, we have never even met this guy, much less viewed a house with him. Now, I am thinking we made a bad choice by signing the buyer's agreement. Is there anyway we can get out of it and find a better agent? Thanks!

2006-09-27 08:16:08 · 8 answers · asked by cutiemamaof3 2

My mortgage payment will be officially 30 days late on the 30th of this month. My new loan to refinance this loan funds on the 2nd of next month. The payment is about $4600. Should I pay it and Not have a mark on my credit or lose the $4600 (interest) and keep my Excellent Credit standing. By the way my credit is mid score 750.

2006-09-27 08:12:43 · 12 answers · asked by Anonymous

And now we are going into the second month .What rights do we have on this.

2006-09-27 07:53:07 · 6 answers · asked by Mike E 1

I'm going to be breaking my lease in a few months. I've given them the form they gave me to fill out (notice to vacate), and I'm going to pay all the fees associated with breaking the lease. My question is will this affect my credit? Will this reflect badly upon me and my credit for breaking my lease even though i'm doing it the right way (giving proper notice and paying fees)?

2006-09-27 07:50:18 · 8 answers · asked by akwardlykewl 2

So any of you know of good websites to find roomates and real estate in texas? I've triend roomates.com and rentclicks.com and found nothing. Please help! thank you!!

2006-09-27 07:14:36 · 5 answers · asked by Lily 2

My sister just bout a home about 3months ago and her intrest rate is 10.64% and I was wanting to iknow does she have to wait the full year to refinance for a lower intrest rate?

2006-09-27 06:53:26 · 8 answers · asked by jai h 1

Who much would it cost to buy or rent that building?

2006-09-27 06:53:18 · 5 answers · asked by duquesita33177 1

2006-09-27 06:46:05 · 3 answers · asked by sarahsweetnsassy69 1

So this is a long one. My friend and I moved into this apartment about 6 months ago. About a month after she signed a lease, she decided that she couldnt pay rent anymore, so she subletted to this guy she met off of craigslist. She didnt contact the apartment complex about subletting to him when she did this.

Well, as it turned out this guy was very annoying. I cant talk to him about bills without him getting pissy, he has a kid that comes over more often that he said the kid would be coming over, he was late on rent once for like two-three weeks. He has granades and guns in his room, which is really wierd.

Well, I talked to the leasing center about my problem and they said he was an unauthorized guess and he had to get out, or id be evicted.

So, we are wanting to kick this guy out now. My question is basically does it matter the reason if I kick the guy out?

2006-09-27 06:31:19 · 18 answers · asked by Travis D 1

in an around Kknagar, valasarvakkam, virugambakkam...

2006-09-27 06:14:59 · 4 answers · asked by Karthik K 1

Our landlord tells us we have nothing to worry about but he then brought a realtor to the home in question, along with his soon to be ex wife, and later told us that he has to put the house on the market for 90 days to appease his wife and then he will buy her share out. I do not want to be surprised with a 30-day notice in December and be forced to move in the snow and ice. What are our rights as our lease is good through June of 2007. If the house is placed on the market, does that void the lease so we can move if we choose to with no repsonsibility for remainder of the lease? Can we get our deposit back?

2006-09-27 06:10:56 · 9 answers · asked by totallyd14me 1

why would we not deduct money from RE mortgage everytime we hit "pay check" from our liabilities when in real life we would have to caluculate this step along with all other liabilities/expenses.

2006-09-27 06:02:47 · 1 answers · asked by Anonymous