Renting & Real Estate - March 2007

I almost lost my house but before foreclosure, I signed it over to a friend so I am no longer the owner. Does this count as a sale, transfer, or what in the eyes of the IRS? How do I report this on income taxes?

2007-03-18 04:56:21 · 3 answers · asked by registered nurse PA 1

I AM PURCHASING A PLOT OF LAND. SPALY AREA OF ABOUT 24 Sqft is marked in this land and the seller insists that he is the owner of this area and warrants consideration for this part of land too.

2007-03-18 04:51:20 · 1 answers · asked by KALYAN 1

if not what can I do to close on a house if I don't have $5000.00 dollars to pay off the judgement?

2007-03-18 04:32:05 · 9 answers · asked by Tim 1

I would like to purchase the property in an urban locality. The proposed land has a 24 sqft splay area. The seller claims that he is the owner for this area too and demands consideration for this piece too.

2007-03-18 04:31:33 · 1 answers · asked by kalyan 1

am finding difficulty paying my extortionate rent so where can i find private landlords offering cheaper places to live?

2007-03-18 04:23:31 · 3 answers · asked by peppi 1

2007-03-18 04:15:46 · 3 answers · asked by Des Kaye 1

2007-03-18 04:09:41 · 2 answers · asked by z z 1

I'm starting a auto upholstery,tires,stereo,etc., shop and searching for a bldg. to buy,rent to own,lease to own within 6 months or less from 30k up to 70k ? E-mail jathcc@yahoo.com

2007-03-18 04:04:17 · 2 answers · asked by Tony H 1

2007-03-18 03:59:34 · 3 answers · asked by connie f 1

2007-03-18 03:55:15 · 1 answers · asked by connie f 1

2007-03-18 03:50:34 · 4 answers · asked by scooter 1

Also, are there any benefits for Realtors when dealing with foreclosures?

2007-03-18 03:27:00 · 5 answers · asked by AA 1

I know about http://www.CREOnline.com (great site) and the Motley Fool sites (US and UK). Are there any other investment forums that have an active community of investors sharing useful information?

If you know of real estate blogs that are worth reading please provide the URL and why you like the blog. Thanks in advance.

For a little about me and my investing perspective:
http://johncorey.wordpress.com

As a RE investor for over 20 years (multiple states & countries) I enjoy helping others with their RE questions. I have found that listening to what other investors find is working in the marketplace is a great way to stay current.

2007-03-18 03:25:06 · 3 answers · asked by Anonymous

I've finally find a house that fits. I call my agent, and she falls in love with the house too.!! Ofcourse she has more pull and is financially able to afford it. What should I do? She has helped me to find a lender and get pre-approved and they have a strong relationship. If i go with another agent..will this jeopardize my getting approved with the same lender! Help!!

2007-03-18 03:11:15 · 11 answers · asked by Anonymous

we are first time buyers and cant really afford much so would it be worth holding on a little longer to see if prices fall?

2007-03-18 03:10:28 · 12 answers · asked by me 1

I am aware that there are several states that let you use your license without taking their state's exam, I just don't know which states...

2007-03-18 02:47:43 · 6 answers · asked by nite_owl26 1

My lease is up at the in of April and I would like to renew but the house needs some work. I was built in the 50's and it still has the bad wall paper and appliance and oter things. Can I get him to do some changes before renewing my lease?

2007-03-18 02:39:56 · 6 answers · asked by ball 2

I am moving to New York in about 15 days. The apartment I am supposed to be renting states that heat and hot water are NOT included. I am wondering if anyone knows how much that would cost since the rent is not cheap as it is.... I want to see if it would make sense to find another apartment.

2007-03-18 02:38:55 · 2 answers · asked by Anonymous

2007-03-18 02:34:53 · 6 answers · asked by kani_cute_ c 1

I'm from the state of Alabama and I have given some tenants a termination notice which has come and gone. They refuse to leave, stating that they need about a month more. We had a month-to-month tenancy and I gave adequate notice (52 days) and they still claim that they need more time. I said no to their request and they are refusing to leave. Apparently, they know something about eviction law because they gave me the opportunity to throw their stuff out and I wouldn't and they left the door to the house open so that I could take possession of it and I wouldn't do that either. I think they are trying to set me up to break the law so that they can claim money and more time. I know that I need a valid reason for eviction and I believe that refusing to leave the premises and trespassing on private property should suffice. This is a private house and not an apartment. I terminated the lease because they weren't taking care of it the house or the outside lawn areas.

2007-03-18 01:57:32 · 7 answers · asked by Straight-Up 3

The house was owned by the local council (not a council house) and given to the local town trust to renovate & rent out. Is there any right to buy or right to acquire such a property?

2007-03-18 01:44:44 · 2 answers · asked by Anonymous

I have finished paying off my home and my landlord will not send me my title. The DMV says that he owes back taxes and fees and fines for not paying for the sticker and he wants me to pay for them. Anyone know how to go about getting my title?

2007-03-18 01:43:07 · 6 answers · asked by Adrianne H 1

I want to be moved out by the end of summer.......

2007-03-18 01:12:18 · 4 answers · asked by Anonymous

2007-03-18 01:01:04 · 6 answers · asked by duckmayo 1

2007-03-18 00:48:57 · 5 answers · asked by michael b 1

I am a 33 year old single female, yearly income appx $45,000. I have rented for 10 years now and want to buy a home. I have two student loans ($20k total) and a car payment ($9k still owed). Not much in savings. Credit score not great from a divorce. I have no idea how to start going about seeing if I can get a loan. Suggestions on steps to take would be welcome.

2007-03-18 00:25:36 · 5 answers · asked by scigal 1

2007-03-18 00:23:03 · 2 answers · asked by Brenda E 1

In March 1988, Daniel E. Beren, John M. Elliot, and Edward, F. Mannino formed Walnut Street Four, a general partnership, to purchase and renovate an office building in Harrisburg, Pennsylvania. They borrowed more than $200,000 from Hamilton Bank to purchase the building and begin renovation. Disagreements among the partners arose when the renovation costs exceeded their estimates. When Beren was unable to obtain assistance from Elliot and Mannino regarding obtaining additional financing, the partnership quit paying its debts. Beren filed an involuntary petition to place the partnership into Chapter 7 Bankruptcy. The other partners objected to the bankruptcy filing. At the time of the filing, the partnership owed debts of more than $380,000 and had approximately $550 in the partnership bank account. Should the petition for involuntary bankruptcy be granted?

2007-03-18 00:15:19 · 3 answers · asked by help 1

If I have $60K available for a down payment and closing costs, no loans whatsoever (no car payments, no credit cards debt), excellent credit, and can afford to pay $2,000 a month in mortgage and tax alone (before utilities), what is the maximum market value of a house or condo (assuming I can afford $300-400 condo fees) I can buy?

2007-03-17 23:41:44 · 6 answers · asked by browneyedgirl 6

Please let me know if you have! I need similar stories! I'm in the middle of trying to get SOMEONE to look into the fact that Im a victim of fraud under a rent-to-own scheme by Colorado State Business Group aka CSBG aka Core Realty. There's alot of web info about rise in mortgage & appraisal fraud & articles on how all these various politicians intend to do something about it, meanwhile, I cant get ANYone to look into my particular case. I "bought" a house from CSBG (Chris Stiebler, Andy Klein, owners) which I was to rent from them for 1 year, paying 1% of THEIR purchase price (claims paid 140k but I found out they paid 112k) which was $1400/mo. (I was to get 1/2 back for down pymnt- DIDN'T).At the end of the year I was to buy the house from CSBG for 15% above THEIR purchase price OR the appraised value, WHICHEVER WAS LESS. The appraiser THEY hired appraised at 165k. I found out @ refi later that appraisal was inflated & value @ the time was closer to 130K. I WAS SCREWED! HEEEEELLP!

2007-03-17 23:27:50 · 1 answers · asked by m_4_real 1