Renting & Real Estate - March 2007

2007-03-26 07:40:37 · 6 answers · asked by Anonymous

entered a year-long lease dec. 06. landlord has not paid mortgage since oct. 06, and in 90 days, the house will belong to the bank unless landlord pays substantial amount of money.
any advice?

2007-03-26 07:32:57 · 9 answers · asked by Anonymous

A friend of mine (a male---they love to tell us women what we're always doing wrong!) said that I shouldn't of had my credit dinged with getting a pre-approval since I won't be buying a house immediately. He also said I need to go to other lenders (banks, I guess?) and shop around because the dude that is with Wells Fargo doesn't even have a Wells Fargo address. Somehow he's affiliated with Wells Fargo though, but I'm not sure how. I guess he's a mortgage broker? I'm confused. Did I just mess up already? I have 6 months to study up on buying a house at least...

2007-03-26 07:21:21 · 3 answers · asked by Neophyte 3

I am looking for a place that would be somewhere between those places, safe but not in the middle of no where. Thanks!

2007-03-26 07:18:11 · 3 answers · asked by Anonymous

My friend is in need of some finances and she wanted to use her house as collateral to apply for a loan

2007-03-26 06:59:26 · 6 answers · asked by Anonymous

I'm highly considering using the builder's lender to take advantage of the incentives such as, 10k towards closing and 2 yrs paid HOA fees.

I had them run the numbers quickly on a 80/20 30yr fixed and the rate on the approximation was 7% on 80 and 10% on 20. Closing costs were about $13,000 on a $350k mortgage.

What should I watch out for? This deal seems to be pretty good given the fact that they are paying most of closing costs and 2yrs of HOA fees ( @ $185 per month).

2007-03-26 06:57:42 · 3 answers · asked by Anonymous

We were behind in our bills, so the landlord told us that we could work off the rent. Not only on her house, but also around her own house. She is my mother. When we don't get to her house to do the work around her house she gets really mad at me. I have lost my own job from her constant expectations and my husband has lost his as well. We use all the gas money we do have to "wait" on her as she says our rent still isn't paid for and we must do more. How much is enough?

2007-03-26 06:57:03 · 8 answers · asked by Franchesca 2

It doesn't take a lot of thought to realize that the housing market is in real trouble. The number of affordable homes has seriously declined over the last 3-4 years. While experts provide a whole lot of statistics and financial advisors love to tell us that there's nothing to worry about, in reality, there is a lot to ponder. Middle and low-income prospective home buyers have been pushed out of the market. This is causing a serious social/psychological/emotional effect on Americans. Americans can no longer afford the "American Dream" because the housing market has abnormally driven up the prices of homes across the country. This negative socio-psychological effect will hurt Americans all across the country. What is the solution, you might ask - A serious correction in housing is required across the country. The correction is already happening but gradually and the housing downturn will continue until the average prospective homebuyer can realistically afford to buy a home in his/her own community. However, the housing downturn isn't occurring fast enough to relieve the build up of psychological and emotional distress that affects most Americans across the country.
Actually - it would be wonderful to see the homebuyer "community" across the country issue a moratorium on buying a home. Just for a month or two - that would really produce a jolt in the much needed housing correction.

2007-03-26 06:54:21 · 5 answers · asked by KI557 2

Is it a good idea to buy a foreclosured home?

2007-03-26 06:42:24 · 5 answers · asked by J.B 1

I am interested in buying some rentals but i am sure that mortgage companies will get leery about lending once i have a couple in my name. How do people go about owning 20-30 or more properties.

2007-03-26 06:41:16 · 9 answers · asked by Anonymous

My siblings and I have been left my mothers house in her will. We have just received grant of probate and would like to sell asap. My brother and sister and executors. Do we need to change deesd/land registry or can we just sell using the grant?

2007-03-26 06:41:06 · 7 answers · asked by Anonymous

We are thinking of buying a property in France - have you done this, and do you have any advice? Were you tempted into buying more land or a bigger property than you could manage, because of the relatively cheaper property prices? Have you made or lost money on your investment? Did you move out there or purely have a holiday home? All advice gratefully received!

2007-03-26 06:34:07 · 4 answers · asked by Miss Behavin 5

2007-03-26 06:33:34 · 19 answers · asked by Anne M 2

my house is 2 years old and i want to refinance from an arm to a 30yr fixed. i dont have a early payment penalty on loan. so what am im looking at to get my note a little lower, any help is greatly appreciated with 10 points:)

2007-03-26 06:24:53 · 3 answers · asked by Anonymous

We have found two homes, each with a decent school district. We're not settled on either house, but thus far these two houses are in our shopping cart so to speak.

House #1: At the middle-upper end of our price range, clean, a house and area we could live in for 10+ years, only 15 miles extra miles to work for my husband. Seller is happily working with us. Also, it is in an area that is in the path of the expasion of the metro area meaning that the value of the house could potentially go up in the next decade.

House #2: At the upper end of our price range, semi-clean but will need some work. More bedrooms, but in a less attractive and safe neighborhood (streets are currently under construction and won't be completed until late 2007). It's a 1993 house built among houses built in the 20s, and it's a split-level which can be difficult with small children. It adds 8 miles to my husband's work commute.

2007-03-26 06:23:15 · 6 answers · asked by FaZizzle 7

2007-03-26 06:14:12 · 3 answers · asked by Anonymous

Here is my situation. I have been approved already for a few different mortgages, my credit score is good (700) and my income is good.

My problem is I’m trying to buy my first home with little to no money down even with the closing costs... So 100% loan and cant afford anymore then 4,000 out of pocket. (Rest is saved for furnishing) I'm trying to buy a junker. So now i need 100% with little to no money for closing cost, and I also need 15,000 to 20,000 to fix the place up. Say the same homes in the area go for 140,000 and i get this place anywhere from 75,000 to 90,000. Please help with what my options are. I cant seem to get a straight answer from any company and I’m running out of time. If anyone has any companies or knows anyone that could help me with this I would greatly appreciate it! Thanks

2007-03-26 06:10:26 · 5 answers · asked by ddig22 1

it's a studio flat in a refurbed loft style building. the problem is the rent is only £375 a month and since the interest increases the mortgage is now about £420. The interest rate i am payingis about 6.5% but i couldn't get a better rate cos of the 130% rent to mortgage payments criteria. It hasn't been that easy to let and the area isn't going up in value like predicted when i first purchased. WHAT WOULD YOU DO?

2007-03-26 06:02:26 · 7 answers · asked by curlyloxx 3

I am selling my house, and a buyer come in putting this term on the contract. What does that mean? And what risk do I have? Thanks!

2007-03-26 05:52:26 · 16 answers · asked by David L 1

In general where on the Internet do I find more info and explanation about real estate jargons?

Thanks.

2007-03-26 05:39:26 · 7 answers · asked by ready_to_rumble 1

We are closing on a house this Thursday. The loan we are getting is fixed rate (7.15%) for 30 years. This is a no money down loan, with the total of the loan being 72,100 (this is a 3 br, 1 ba house with 2.638 acres of land, some cleared, some wooded). The house itself appraised at 82,500 with one company, and 80,000 with the other. Our payments will be $715.40 per month.

My concern is all the talk the last few days about subprime lending problems. To my knowledge, we ARE NOT getting a subprime loan, but how do I know for sure? I am scared to death that something will happen in 2-3 years, and we will lose this place. While I know we have plenty of money, and could afford about $600 more per month in payments, we felt that we didn't need something that high.

Do I have reason to be concerned, and if so, could you explain?

2007-03-26 05:38:51 · 4 answers · asked by Critter Lady 4

I'm a realtor and I'm offering $3,000.00 cash back for closing cost. I have had no response. Do you think people think there is a scam?

2007-03-26 05:38:24 · 5 answers · asked by Kevin K. 1

I have lived there for 1 year and 9 months...Please let me know the percentage if less than two years living there...

2007-03-26 05:35:32 · 3 answers · asked by Anonymous

are staff being made redundant

2007-03-26 05:28:30 · 5 answers · asked by pauline h 1

The light bill is too much for me right now, so i want to cancel the light bill in my name, and i'll just have free lights and gas till i move again. I live in a 3 family house. The lights wont be off if i close my account. But the thing is, you think the landlord will be the one forking the bill for the floor i'm in?

2007-03-26 05:24:17 · 10 answers · asked by sjrosario82 1

They are listed in the laundry area next to W and D for washer and dryer.

2007-03-26 05:23:44 · 1 answers · asked by Anonymous

Texas or Florida in particular.

2007-03-26 05:06:13 · 4 answers · asked by MM 5

2007-03-26 04:46:34 · 1 answers · asked by Anonymous

I mean almost every person I talk to says, yeah we let er go back to the bank. Foreclosure usually takes up to 8 or 9 months and most Realtor listings are about 6 months. Instead they choose to put blight on the community. Actually run the interest and PMI rates for the rest of in the future. I have sympathy for unemployed and disabled. No shame in being poor either. But there is shame in not taking responsibiliy and being downright indifferent to how it affects your neighbors.

2007-03-26 04:46:23 · 2 answers · asked by redneckupnorth 1

Hi we are looking at purchasing a spec home and want to make an offer below their asking price.

What is reasonable?

It is in a very fast growing community outside of Houston. It is also 1 of 4 homes left in the section by this developer. They have marked it down a few thousand but we still think we may have room to work with. We will have to purchase a frig, sod the back yard among a few other things.

Any advice? We want to make an offer today but just don't know how to figure out a fair price and how to present it.

Thanks.

2007-03-26 04:17:30 · 7 answers · asked by rsf 3