Renting & Real Estate - March 2007

I still have $20,000 for a down payment and no unpaid loans.

2007-03-24 04:14:16 · 5 answers · asked by Wurm™ 6

2007-03-24 03:54:44 · 8 answers · asked by Wendy B 1

We hired a real estate agent(husbands friend) to sell our flat at a profit. We managed to find a buyer and signed the "Option to Purchase" agreement. We thought we made a profit of around 20K from our agreed price. Who knows there's what we call "accrued interest" that must be deducted from the proceeds of the sales and the interest amounted to 40K. This was not brought out by the agent until the property officer pointed it us. We are very frustrated with the whole thing. We wanted to pull out from the deal by discussing with the buyer. But buyer charges us aside from the option to purchase fee(which we agree to pay back) his agent's fee, 6K for delay and if we never show up for the completion of the option he will get a lawyer to sue us. I believe the buyer consulted our agent on steps to do. We are taken aback and delaying the time frame. Also, we informed the property officer to put a hold on the case upon telling her our argument. How can i pull out from this deal?

2007-03-24 03:46:03 · 6 answers · asked by DeathStar 4

My husband and I are looking to buy our first home. We found one in a great location, 4 bedrooms, 1 and a half baths also with an in-ground pool. The house sits on about an acre of land. They are asking 92,500 for it, but I don't think it s worth that at all. Our agent told us to bid 82,400 but I was wondering how low is appropriate to go. It is bank owned, been on the market for about 4 months, needs all new carpeting (there is none, they ripped it all up) It also needs some patch work on the drywall, none of the bedrooms have doors, new kitchen cabinents, etc. Could anyone tell me what would be the right price to bid?

2007-03-24 03:44:49 · 5 answers · asked by Jessica R 2

Our mortgage lender says the taxes and insurance are included in our loan. My realtor is gone on vacation. the other realtor in the office said we had to get insurance on the home before closing. Does my FHA loan cover all my insurance? the realtor said i need to get hazard insurance. Why would i need 2 insurances. She also said the insurance from our lender was title insurance...were 1st time buyers and im confussed. Does anyone know about FHA insurance and what kind of insurance i will have with them...our good faith says flood, hazard, etc. the realtor said oh that just means they are going to check to see if its in a flood area...I wish my realtor was here, but who is right...i dont wanna pay an insurance co if i already have it...can someone explain this to me...thanks

2007-03-24 03:38:35 · 4 answers · asked by SweetP 2

I had a tenant sign a lot lease(mobile home park) and pay the lot security deposit for a 3/15 move in. he was suppossed to contact me on the 14th to sign the lease on the actual mobile home and pay that security deposit and the first months rent. It is now 3 weeks since I have heard from him.. and i have someone else interested in renting that unit.. when can I re-rent it?

2007-03-24 03:22:49 · 2 answers · asked by fishinggirl1978 2

I paid 2000 when I moved into my apartment which is the equivalent of 2 months rent. Since Ive been here my dog has chewed up some of the woodwork and has soiled the carpet. what is a reasonable estimate of costs and will my apartment leasing office make me aware of each itemized cost,finally how long does it take to receive a refunded security deposit?

2007-03-24 03:03:47 · 7 answers · asked by Jas 2

we are in the process of looking for a house to buy, do you think that house prices will come down eventually?

2007-03-24 02:25:46 · 16 answers · asked by Anonymous

just the average.....

2007-03-24 02:24:55 · 3 answers · asked by drichards2 3

2007-03-24 02:21:06 · 7 answers · asked by Lou 1

A house I am interested in has "Active Capa" listed as its status. What does that imply? Thanks!

2007-03-24 02:17:04 · 0 answers · asked by BigBri6 1

My landlord has just served notice and my partner and I will have to move out three weeks before our baby's due date. The landlord has not breached our contract in any way but I'm wondering if there is anything that may prevent him from doing this in light of our circumstances.

2007-03-24 01:35:03 · 11 answers · asked by Thanks! 2

i am retired, my husband works. the payment is difficult to make sometimes. i didn't do what he told me to do. should i have done what he said?

2007-03-24 01:28:03 · 2 answers · asked by fun2sun1941 2

by june this year everyone selling a home has to fork out £400 to have an energy survey done (UK).my home is only six months old and everything about my home was included in the info when i bought it.do i still have to have a survey done,i know my home is 92% energy efficient.

2007-03-24 00:56:45 · 5 answers · asked by Anonymous

2007-03-24 00:36:43 · 8 answers · asked by thebigemailstar 1

our ground rent re lease is running out and I need to know if this puts us in a quandray ie: will it effect our property in any way are there any financial implications

2007-03-24 00:17:21 · 5 answers · asked by Rosie 1

recent interest rate rises and property value falls (in a specific area) have resulted in the rent collected being much less than the mortgage payments required. I am now struggling to make the payments. I have tried to re-mortgage but no one will take it on as it has fallen invalue and the current lender is offering significantly less based on current rental values. If I stop payments (it is a buy to let mortgage) and allow them to re-possess what will happen ? All ideas and thoughts gratefully recieved..

2007-03-24 00:15:10 · 10 answers · asked by Harryboy 1

Would a 5 or 7 yr ARM make sense to lower the payments? Then it would be affordable...(I did the math..)..My question is...does this make sense in the long run..or rather in the 5-7 yr. run? I should mention that I will be retiring in about 6 yrs. I should also mention that it's near the ocean and will probably go way up in value.

2007-03-23 23:56:46 · 2 answers · asked by Mandy 1

2007-03-23 21:25:13 · 2 answers · asked by Rounin 1

2007-03-23 21:01:30 · 1 answers · asked by doris 1

A friend of mine lives in MI. Does he need to worry about criminal or legal problems. I think the bank sold the property but the sale probably would not have covered the full mortgage amount. How does he find out? What should he do? Is he in any trouble? He's scared to ask anyone. Please let me know how I can advise and help him!

2007-03-23 20:41:31 · 5 answers · asked by dotes 1

I would like to become a specialist agent or broker in REO in California. I have B.A in business, working towards a MAsters and will get my Real Estate License soon. But how to I get into REO???? How do I get my listings? Do you have any career advice or reccomend me to any reputable organizations? Please advise. I need some mentoring ;-) Is this something I can do part time. Anyone hiring out there??

2007-03-23 20:35:47 · 2 answers · asked by It's about the Spirit 2

Let me be clear, that the repairs are not due to negligence of usage by the tenant.

2007-03-23 20:24:33 · 5 answers · asked by nevildadrewalla 2

2007-03-23 20:10:10 · 4 answers · asked by Anonymous

do they have no money down/no closing cost program for 1st time home buyers with less interest?what are the programs that will help a rookie like me?we really would love to own a home for our starting family but ofcourse with a little bit(or maybe A LOT!)of assistance..

2007-03-23 20:01:47 · 2 answers · asked by jo-ann 1

I am considering getting a 3 bedroom condo in Santa Barbara with 3.5 baths, a dining room, kitchen,family room, and includes wash/dryer, refrigerator, basically all the kitchen ammenities. this condo also has security, a spa, and gym access. but i would need two rent out 2 rooms, what is a reasonable price to rent a couple of rooms that includes all access to condo ammenities, electricity/water, and cable? in santa barbara with close proximity to the ocean.

2007-03-23 19:44:49 · 4 answers · asked by rockabilly.betty 2

my landlord has issues with only certain tenets & i am one. I have not committed any crimes or anything to be evicted but she keeps sending me letters & lease violations because of my boyfriend staying overnight. When i moved here she told me the rules were no more than 14 overnight guest per month, she sent me some papers to sign saying the new rules were 14 nights per 12 months but no one else has recieved this. I have abided by the rules as i was originally told. Now she is taking pictures of his car when its here . He was here the other day while his car was in the shop & she saw him. She left a note on my neighbors door to call her. So she did, on her cell, on speaker phone from my apt . She asked her where my bf's car was and who kept my kids wed night when i was out. She told her she was gonna find his car no matter what. She then called my friend that lives at the same apt complex & was fishing for info as to whether she watched my kids that night.

2007-03-23 19:34:01 · 11 answers · asked by aicgoddess 2

I'm thinking of taking in a flatmate or lodger to help me pay the rent. I will have to ask my landlord for permission. Do they really have the right to refuse? I have a 3 bedroom house and its just me in it.

2007-03-23 19:11:43 · 9 answers · asked by wizzer249 1

my land lord is trying to tell me either try and buy my house or find some place else to live. The house is falling in, the firnace is coming through the living room floor. the floor in the livingroom floor is sagging, so is the up stairs, there is some sort of white plant thing growing in the cawl space he calls a basement, in the laundryroom the floor is slanted, the water heater leans forward, if you spill something on the kitchen floor and go to get something to clean it up with, the spill has travled at least a foot and a half. oh and five and a half rooms are all on the same breaker. Please tell me who I can talk to about this mess. There is a lot more crap wrong, but my hands are tired.

2007-03-23 19:10:10 · 6 answers · asked by Anonymous

2007-03-23 18:50:56 · 2 answers · asked by dave c 1