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Renting & Real Estate - March 2007

[Selected]: All categories Business & Finance Renting & Real Estate

Exactly how does it work?

2007-03-08 09:29:19 · 7 answers · asked by Anonymous

My husband and I are first-time homebuyers. The "owners" of the home we are most interested in buying are in preforeclosure and are filing for bankruptcy. I put "owners" in quotes, because they still owe the full home value on their mortgage. They want to stay in the home five days past closing to give them time to move their belongings out once they are certain the deal has gone through. Our concern is that they will trash the place on the way out, after we have already closed, and we will have no real recourse. Even if we sue them, they won't have any money to give us, since they are bankrupt. We are also concerned that it will be a hassle to get them to actually move out. Are we being overly cautious, or is it risky to buy a home from people in this situation? Are there particular ways we can protect ourselves? Our real estate agent doesn't seem to think our concerns are very well founded, so any advice will be appreciated. Thanks!

2007-03-08 09:24:08 · 8 answers · asked by elmo13595 2

need to know where a down payment is required, interest rate, and monthly payment. would appreciate any insight. thanks in advance!!

2007-03-08 09:18:56 · 7 answers · asked by Shayne L 2

I am interested in buying some of these tax deeds in Florida, however once you purchase the deed if it is a quit claim deed does that mean that someone else could still have partial ownership over the property or could they be entitled to some of your profits. I guess my questions is what are the risks and what do i need to do to avoid them when purchasing a quit claim deed. Thanks

2007-03-08 09:17:32 · 1 answers · asked by mikeberm 1

the bank never veried the phoney income statement. after i questioned the bank about why they gave me the loan we found false bank statements too. what should i do?

2007-03-08 09:12:22 · 10 answers · asked by STEPHEN T 1

Since I moved into my apartment 7 weeks ago, the heat has gone out twice (for a week at a time) and my hot water has never been consistantly hot (goes from hot to cold to hot to cold). I also haven't slept because the man upstairs has no carpets on his floors and likes to party until 4am. I have complained about all of these things to the landlord and the management company and always get the same response "we are looking into it". After numerous phone calls, letters, AND calls to/visits from 311, I have decided to move...but they don't want to let me break the lease. I live in a one bedroom in midtown Manhattan. I put down two months rent ($4700) PLUS a $1000 deposit for my dog. I can't leave without that money. What can I do? Sue them?

2007-03-08 09:08:49 · 5 answers · asked by Anonymous

I know this is a very general question and the USA is a very big place, but as a broad average, how would the price of an identical house vary between the USA and UK?

Thanks!

2007-03-08 08:48:16 · 6 answers · asked by Nelson 1

I am 24 years old single male and I live in Sacramento, CA. I am looking to buy a house or condo? Which would be the better option for me. I only plan to live in the Sacramento area for another 4 years. I guess I have a few questions.


Over the course of 4 years which option would be more cost efficient?

At the end of those 4 years which would be easier to sell?

Which property would have a greater monetary gain/loss?

What type of loan would be best for me in this type of situation?

2007-03-08 08:47:31 · 5 answers · asked by Half Man/Half Amazing 2

I live in the Las Vegas, Nevada area. I am moving into an apartment in June, but I need somewhere to be in the mean time. I do not want to stay at a hotel, or I know Budget Suites are very unclean. Where can I look to find a place? Do any apartments lease for two months?
Please Help, i am young & do not know where to look.

2007-03-08 08:26:39 · 1 answers · asked by k-mac 3

2007-03-08 08:04:18 · 18 answers · asked by PlatoQ 1

2007-03-08 08:04:03 · 5 answers · asked by PlatoQ 1

My townhouse has been on the market since December 20th and still has not sold. My contract with my listing agent expires on March 31. I realize that the housing market is soft but I also feel that she may not be doing the best job.

1. She has held no open houses and her reasoning is that they don't work, only the MLS or the For Sale sign works

2. The sign is very plain with no flyers

3. My home is in a suburb of L.A. considered "SouthBay" which has its own MLS but she has my home listed on the L.A. MLS and I may not be getting the same visibility that other homes in my area are getting.

I'm sure if I try to fire her she will blame the soft market, are my concerns valid?

2007-03-08 07:56:15 · 24 answers · asked by Justina 3

What can be written off and how does it affect personal income tax. Also is capital gains involved?

2007-03-08 07:43:30 · 9 answers · asked by christlivesinjohn 1

solicitor wrote me a letter saying that the valuer needs access again with regards to the bathroom and kitchen. The person im buying property off told her solicitor too write too me. I dont know why my mortgage broker told me it came out ok. I know too late too phone anyone now so i thought i would ask for you opinion. Yes there was something wrong with the bathroom, but the seller has now sorted this, but when surveying was carried out she told the surveyor she would sort this. What shall i do as im confused? obviously i`ll contact mortgage broker first thing, but i dont know who`s right and who`s wrong. I was told everything was ok we were even arranging building insurance as mortgage offer was accepted, and searches etc were carried out.

thank u

x

2007-03-08 07:41:00 · 6 answers · asked by Anonymous

I am considering buying a house there, and would like more information about the town. Including areas of the town to avoid.

2007-03-08 07:24:26 · 2 answers · asked by Daniel K 2

Me and my boyfriend are looking
to move out, but all the apartments
you need a certain income amount
and most of them are 3x the amount
we make about 2x or almost 3x
we also dont have very good credit
were young so we dont really have any
i have a credit card but thats not going to
help me in the next three months
that we need to move out in.

What can we do?
we need to move out
before our baby is born

2007-03-08 07:14:16 · 3 answers · asked by ♥ Stephanie Louise♥ 4

Are the apartment personel alowed to tell you how much the monthly rent is or do you have to visit/etc first? Can you just call and ask, without telling them your name or any information at all?

2007-03-08 07:09:41 · 8 answers · asked by Anonymous

I have some bills i would like to pay off but I just refinanced last November. Can I qualify how does it work? Does my morgage payment go up? Thanks

2007-03-08 07:09:29 · 8 answers · asked by Anonymous

What is the biggest mistake you made in Real Estate?
The one that almost made you quit Real Estate Investing.

http://forumforme.com

2007-03-08 06:58:44 · 3 answers · asked by Anonymous

If my landlord just told me that he wants me out by the end of the month for whatever reasons, and we have no written contract, can I just stay anyway? Can I have them at least pay the moving expense?

2007-03-08 06:56:43 · 2 answers · asked by Anonymous

I am looking to buy a condo in Roxbury, because the condos are very nice and it is close to the city. However, I have heard bad things about the area. I am nervous to live there. Can someone please tell me about the area. Is the crime really as bad as people say it is? Or is this just what has gotten passed around and it is actually safer now? Any input would be appreciated. Thanks!

2007-03-08 06:53:31 · 1 answers · asked by dazed and confused 2

Hi, Im turning 18 soon, and I was wondering if I have to get someone to cosign for an apartment.

2007-03-08 06:36:28 · 7 answers · asked by Rebekah G 1

I have been elected Treasurer of our 50 unit homeowners association. I purchased Peachtree Accounting Pro, thinking it would help me keep the books (our association voted to have a volunteer treasurer rather than pay for management services - I can't change that.) However, it's a new program for me, and I'm just learning. Can anyone tell me 1) which Chart of Accounts to use, and 2) the best way to enter each unit -- e.g., by lot number, by owner name (some people own more than 1 lot), and how do you link lot number to owner name?
Thanks.

2007-03-08 06:35:41 · 3 answers · asked by Liam P 1

could not purchase a property for $40,000, could they? Don't you have to have a FICO score of at least 520 for a lender to take a risk on you?

2007-03-08 06:30:44 · 17 answers · asked by Anonymous

I've been looking at a lot of houses lately (to rent) and have met with some fairly "unrefined" agents in the process. While I always go with someone, I just started wondering about whether they are indeed bonded.

I know I'd hate to have some of them have access to my home if I were selling.

2007-03-08 06:21:54 · 11 answers · asked by arewethereyet 7

We cannot afford 2 mortgages but love the bank owned home. They of course will not accept contigency offers. Is a bridge loan a good idea or are there other financing options out there? Or do we just be patient and wait until our home sells and possibly miss out on the deal? Thanks!

2007-03-08 06:11:19 · 5 answers · asked by Anonymous

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