Renting & Real Estate - December 2006

2006-12-31 08:02:04 · 4 answers · asked by Isabella 1

We own a home that is impossible to afford (got screwed by a mortgage company). We also own a business which operates from our home, and which can't exist without our home. We would like to "sell" or transfer the house to the business and then rent it from the business for an affordible amount.

We thought creating a trust might work.

Any ideas on the best way to fix this mess would be great.

2006-12-31 07:50:10 · 3 answers · asked by Caryn 2

My husband is the secondary signer on a house that him and hi mother went in on together. The house is going to be forclosed on within the next couple of weeks and there's nothing we can do about it. I was wondering how this will effect his credit seeing as how he is not the primary signer and also what effect this may have on my credit if any.

2006-12-31 07:37:04 · 9 answers · asked by settingsun2001 2

I am buying a home for 195k. It is a 2700 sq ft home that is fully finished. I beleive the home is priced extremely well for the area. I think I can get 1100 - 1500 in rental income and I expect my mortgage to be around 1100 interest only (includes taxes and insurance). I am only puting 5 percent down and buying it owner occupied. Anyone think this is a good deal?

2006-12-31 07:20:17 · 4 answers · asked by Anonymous

2006-12-31 07:19:30 · 6 answers · asked by pb70 1

2006-12-31 06:38:12 · 14 answers · asked by Velma J 1

2006-12-31 06:22:37 · 10 answers · asked by sellcape 1

-say, 3 friends.
-With home loan, and down payment, not cash.
-Houses in California are prohibitively expensive for young professionals, this would allow us to get into a nice area.
-So that one person does not have to sign all the paperwork individually and "trust" the others.

2006-12-31 05:59:59 · 10 answers · asked by ucsb 1

If it lapses can I still be made to sign another 1yr lease or is it turn automticly to a month to month I live in calif.

2006-12-31 05:47:01 · 5 answers · asked by Yeah Yeah 1

please help if anybody knows please contact

2006-12-31 05:20:25 · 2 answers · asked by Bizzy B 1

My realtor told me i got to pay 18% of the resale new price, is that a fact?? that cuts your profit big time...

2006-12-31 04:52:00 · 2 answers · asked by djgy06la 1

2006-12-31 04:47:14 · 14 answers · asked by Kristin H 1

I've been dealing with many lenders for the past 30days who gave me empty promises. I understand that my loan is consider somewhat complicated due to the fact that my mid score is appox. 542 & that I had 1X60day late on my mortgage. But why is it so hard trying to find a lender who can do a 85% LTV? I have plenty of equity but yet, I'm having a hard time being approve..is this an impossible loan?

2006-12-31 04:37:26 · 8 answers · asked by mcoopd1 1

I've been living with a roomate now for 6 months and we've been splitting the rent in half. We have a 2 bdrm apt with no util cost. Now my gf will be moving in with me and and there will be 3 of us playing the rent. I told him it would be fair for me and her to pay for 60% of the rent and have him pay 40%. He thinks we should all split it equally. Might I add his room is a bit larger and most of the stuff (furniture/electronics/) in the apt are mine. He doesnt think its fair, but most people I talk to agree with me. I wouldnt mind hearing what everyone has to say then forwarding him this link. Thank you very much

2006-12-31 04:30:32 · 12 answers · asked by Anonymous

My fiance and I our going to try and purchase a house within the next year hopefully. I am completely clueless about buying a house. How big of a down payment do I need, do you always need a down payment, interest rates...and many many more question. If you have any pointers please fill me in. Thanks!

2006-12-31 03:22:57 · 7 answers · asked by Heart 1

2006-12-31 03:07:32 · 2 answers · asked by Jene 2

My sisters central heating has not worked since christmas day. She has a 3 year old son. Is it against the law if the landlord fails to provide heating in the house?

2006-12-31 02:59:07 · 15 answers · asked by Anonymous

of common people buy houses at market's price, I mean looking in yahoo real estate site there's information about it which takes you directly into realty trac and prices are so low that I was wondering if this is not only a scam because I am one of those common people with a common mortage and my realtor never told me about this "great opportunities" and if this is real I would love to invest in one of this "jewels". Could anyone give me a good advice or tell me your experience doing this kind of "business" Thank you!

2006-12-31 02:57:12 · 8 answers · asked by ofalo O 1

We have a terrible problem with these mooncrickets in and around the city of Detroit!
Any suggestions would be greatly appreciated.

2006-12-31 00:33:50 · 5 answers · asked by charliemizejr 1

A friend of mine wants to buy real estate here in New York State as in investment. Does he have to pay property taxes, income tax, or any other type of tax for this state? He doesnt want to live here, he just wants to buy houses to rent out.

2006-12-30 22:24:54 · 3 answers · asked by Anonymous

2006-12-30 22:12:56 · 2 answers · asked by mary k 1

after 11 years of mariage my husband has thrown me out of home along with 2 kids.We have a joint property which is jointly in our name but I have mortgaged it to President of India as I am in Govt. Service and he is a Lawyer .He is giving the property on rent again and again without my consent and taking away all rent.I don't want to live with him any more as he is totally after my salary which he has taken for the last 11 years.How should I fight a proper legal battle and get child maintainence and my property back.

2006-12-30 21:17:18 · 6 answers · asked by DOLLYKUMAR 1

How many are succeeding from this? I had an associate of mine tell me that he had to lie a lot to people. Is this true ? How hard is it to get a pay check?

2006-12-30 21:03:58 · 6 answers · asked by Anonymous

I think they are shocking and can't understand how young people can afford to establish themselves. I read that the average price on a house is £ 1,7 mill. Shouldn't anything be done about this? What about those who are single or dependent on one income?

2006-12-30 19:06:26 · 11 answers · asked by Tuppence 2

The renters did not care for the home. We lived out in Arizona, so we couldnt check on the home as much as we should have. We were out for 3 years and they were NEVER late on the rent. But many things happened. They broke our furnise, I think thats how you spell it, our heating unit. How will this affect the selling of my home? If you need more info, I will post under additional comments.

2006-12-30 17:58:06 · 10 answers · asked by Justme 2

I have a friend in another country who needs help. A foreigner to her country ran up a huge debt in her name without her knowledge and then ran away.

If she could just sell her house I think that she could pay off all the debt. But her house is expensive and hard to sell. I've tried to help her sell her house on the internet but no dice so far. She lives in Bangkok.

Anyone know how I could find more people who would be interested in buying her house for around $200,000?

Or, I have been wondering if there is some Christian or other charity that has a lot of money and believes in helping people in big troubles like this? I have thought it would be great if someone could pay her debt off by directly paying money to the bank she owes the money. If a charity could do this, then she'd be willing to pay the charity back once her house is sold.

Anyway, I just want to help her as it's a big problem and needs solving soon.

2006-12-30 17:38:38 · 2 answers · asked by Anonymous

2006-12-30 16:45:10 · 3 answers · asked by Mike 1

2006-12-30 16:42:06 · 9 answers · asked by amethystfish 2

I just moved into a condo and the board whom are volunteers and unit owners do not seem to know what they are doing. They want to keep the hot water temp at a low temp - I find myself running water for 10 mins before it gets hot enough for a shower. They are also suggesting that each unit owner take turns in cleaning the hallways and stairs. I thought association fees is to take care of such things.

2006-12-30 16:36:54 · 4 answers · asked by Blindjustice 1

I have a friend (really a friend) in Indiana who is unmarried and jointly bought a house with her boyfriend (NO CONTRACT between them). Now the boyfriend has taken a job in Kentucky, and has abandoned the house (not making any payments or doing any upkeep). Is there a 'law' that allows her to declare that he abandoned 'their' property? If so, what is that called or where can I find information on it? How long does he have to be 'not paying/contributing' to call it abandonment. She is paying all of the bills/upkeep on the home, and is wondering if such a law exists?

I would appreciate any insight from experienced individuals, especially attorney's, mortgage underwriters and real estate brokers. I'm open to anyone that has been through this as well. I'm just hoping for informed answers please :) Thank you in advance :)

2006-12-30 16:06:32 · 8 answers · asked by replies2news 5