Renting & Real Estate - June 2007

Are there any negatives in buying a forclosed home?

2007-06-21 09:14:41 · 5 answers · asked by jackie g 2

I own a home out of state and a car, but when I was layed off and got sick, my credit plummeted ( and have yet been able to even TRY to recover). All of the complexes I call say they will check my credit!!! I have no evictions or anything, just a bunch of stuff that has been turned over to collections!! I need advice PLEASE.

2007-06-21 09:11:17 · 7 answers · asked by ♥Ashley K. 5

the following answer came back in response to an apt rental query. Tell me what you think..would YOU take this guy up on his offer?

Hi,

My name is William James.I am in my early age of 50s and I am an european . I come to the states often mostly for business purposes because I deal mostly in Furniture. I furniture to stores in the states and europe . Infact that is my family business cos we are from france. I bought a house last year in the states cos i love it there .It is peaceful and with a loving neighbourhood.

Unfortunately my Mother passed away on the 7th of May 2006 and as the only son in my family i have to go and take care of the family business back in France and i realised that it will be very difficult to supply goods to my clients again in the United states while am away and it will definitely cost me alot to come over to receive payments cos they pay mostly in checks and money orders .

Running the business from there it will be difficult and will be impossible especially the aspect of payment and i dont also want to lose my clients or customers there . So what i intend doing is that i am looking for some one to stay at my house free of charge. I dont want to sell the house cos i just bought it and i will have all the rest papers by August but i have ALL the keys now. I am simply looking for someone that is honest and trustworthy and clean for two reasons:

1. to maintain the house when i am away and
2.To help me receive payments from my clients within the USA on my behalf in his/her name and have it cashed cos they pay mostly checks and money orders and have the funds wired to me here in France thru money gram transfer/western union transfer . You dont have to pay me for the accommodation. its just for the purpose of keeping my business going on in the United state.and if you wanna keep this assignment as a job let me know so i can allocate 10% on each payment that you receive if at all you dont wanna live in the house or if you are far from the house.

The house is a great one,living room,bedrooms,bathroom,parking space e.tc furnished as well . If you want i can email you more pictures and if you are interested i will send the keys to you via courier so you can go and see the house. It is a very lovely house and there is no way you wont like it.

If you are interested in handling my business in the state and keeping the house neat, please send me your full name and address with your phone number and also for me to be able to no how far the place is from your present residential place.I am back in France. you send back your response to my personal email:(willie4usa@hotmail.com)
I've been hard hearing for 4 yrs so i won't be able to make phone conversations but i can always email you anytime.

Thanks

William.

2007-06-21 09:04:51 · 9 answers · asked by wolfticket2003 1

I do definately go thru with eviction proceedings if it gets to that level the problem is with residents who pay, but pay late every single month, ex. the 10th. But I need to figure out a way to get these people to pay ON THE 1st, when rent is due. Different approaches as opposed to notices going out.

2007-06-21 09:03:53 · 4 answers · asked by IknowEverything 3

2007-06-21 08:50:54 · 9 answers · asked by Anonymous

I don't want to embarass any of my residents but I want to get the point across clearly.

2007-06-21 08:43:35 · 7 answers · asked by IknowEverything 3

My husband and I just put a bid on a foreclosed home (this is the first foreclosed home we've ever bid on) on Tuesday. It's now Thursday and we have heard nothing. The house has been on the market for a while, so I thought we'd hear back quickly. Usually on other homes we've bid on, we'd hear back from the sellers within 24 hours. Is it normal for banks to take a long time to respond to an offer?

2007-06-21 08:35:41 · 6 answers · asked by Anonymous

When we purchased our brand new condo last November we were advised that the items completed in our walk-through would be completed within 30 days of closing. We closed Nov. 15th to advice from the real estate agent saying that the builder had always kept their word and nobody had had problems before.... here we are OVER SIX MONTHS LATER and we still have a list of items on the fridge that we have been calling and faxing and pressuring the builder over - our requests aren't unrealistic, we've actually dropped items that we finally decided "we could live with". Is there ANYTING we can do???

To top it all off... last week the main pressure valve for the emergency sprinkler system burst and flooded the entire bottom floor of our building (all 4 units including mine!) and it's now unliveable for the next month! ... they still don't know why ours burst etc... ANY HELP!?!?!? PLEASE!

2007-06-21 08:21:43 · 3 answers · asked by AriesJWR 4

2007-06-21 08:15:42 · 1 answers · asked by Angie 1

2007-06-21 08:14:50 · 6 answers · asked by Angie 1

The last 2 days.. I've been freaking out...

DH and I are doing a rent-to-own thing for a house. We get posession late Aug, beginning of Sept.
We have to come up with $5000 by closing, and another $5000 within 4 months once we're in.
This is doable.. but I'm freaking out about it.

Where we are now, we are behind in our rent, but paying as often as we can.... The place is turning into a dump, and I"m asking for some of the money to be taken off of what we owe because of the way the building is.

I don't think we'll get an eviction notice, but I'm totally freaking out thinking we may before we move into the new place... I'm going to give notice on August 1 (Gives us til mid Sept just in case)(Our property manager is a mega-***** on a power trip so I can't really talk to her)
I was totally excited, now I'm completely stressed out...
1> Can we come up with the money in time
2> What if we get an eviction notice before Aug 1
etc etc etc.

What do I do

2007-06-21 08:07:26 · 2 answers · asked by LMH 1

My husband and I were ready to make an offer on a condo, when I decided to do a little research on it, I found out that it has had a failed septic since January, and the town had rejected the recent proposal to make a it town sewage less than a week ago. Even though I had specifically asked about the septic no one had told me this. There are also a few other issues I have simple questions about, and despite asking the questions repeatedly no one is giving me any answers. We love the place, but I have some questions I need answered, what should we do?

2007-06-21 08:07:20 · 8 answers · asked by Kini 3

Does anyone know if you can enter into an agreement (in Texas) where the purchase contract states, "subject to existing financing via silent assumption" and it is legally binding? I believe the owner is still financially liable for the mortgage but how would the logistics be handled with owner? seller? bank?

2007-06-21 07:58:59 · 3 answers · asked by Blitz 3

I just moved in yesterday in a new apartment. When we looked at the apartments before the ones they showed us were nice but the one we got is horrible. holes,stains,paint everywhere. I had directv hooked up and now they are charging me for damages to the apartment and now making us put a deposit down for the satelite which was never mentioned even when i told them i was going to get directv. I know i can back out of the lease but only with paying rent until it gets rented and or fines for breaking the lease. Is there a certain period i can opt out of the lease without having that happen??? I live in minnesota if that helps i know laws are different in other states.Please help i want out of here now!!!

2007-06-21 07:55:11 · 5 answers · asked by ajmarti82 2

We took our house off the market but found out the reltor said it was "temporarily" off the market, so our lender turned us down. Does anyone know of a lender who will help me?

2007-06-21 07:53:35 · 6 answers · asked by LittleMomma 3

I currently have a credit score in the 570's but only work part time, my husband's is in the 470's but is the primary income, Does anyone know of mortgage company who will do this type of a loan? Please Help!!!!!!!

2007-06-21 07:51:39 · 5 answers · asked by gonzomars 2

There is a girl at work, who says she has mice in her flat, is that anything to do with cleanliness? She is on the top floor.

Plus she has threatened to call the environmental health on the estate agents she is renting the house from?

Saying that she wants the months rent back as compensation.

Can she win?

She is very concerned!

2007-06-21 07:50:29 · 11 answers · asked by Rebz 5

Will my 7year old son have to share a rom with my 8month old daughter? I f so then for how long?

2007-06-21 07:46:05 · 2 answers · asked by liz t 1

My california real estate broker told me over the phone that she shredded my deposit check even after I told her I'll pick it up. I asked her if I can have the shredded check back she tells me she threw it away. When I asked her if I can have copy of my bank statements & fico score which I provided for her earlier she tells me that she's busy today, tomorrow & next day. And then she tries to sell me other available properties that I am not interested. All I want is to have my documents back. Should I just let go those documents and move on? Is it normal for real estate broker to keep its client's documents?

2007-06-21 07:39:14 · 9 answers · asked by Anonymous

do you mean that i have to pay off the mortgage befor sell it? thank you.

2007-06-21 07:26:44 · 5 answers · asked by kuchichiu 1

We have a contract, til sept!

2007-06-21 07:24:29 · 13 answers · asked by Anonymous

Ok my girlfriend and I want to purchase a home together. Hoping to catch a good deal on a fixer upper in a nice neighborhood. For reasons, I don't want to be listed on the mortgage. But I have the monies for down payment , closing , renovations etc. Now is there anyway this can be reflected in a legal document outside the mortgage? Just in case the relationship dissolves my involvement in house is recognized. hopefully it will not come to that but, expect the worst hope for the best. Thank you for your comments and suggestions

2007-06-21 06:59:26 · 1 answers · asked by tyrone c 1

2007-06-21 06:37:28 · 6 answers · asked by bbq 6

This will be the first time i buy a house and and would like a little more clarification of when my lender loans me the $81,000 dollars to purchase my home and with $856.72 of a monthly mortgage, I have calculated to have paid back the $81,000 in about 8-9 years, yet i have to keep paying for thirty years and a total of $308,419.20 I understand an interest rate but $308,419.20 ??? With that type of loan I could have bought a mansion. Please help me understand.

2007-06-21 06:31:02 · 7 answers · asked by claudr_30 2

before their house was built. How can you find that information before purchasing property?

2007-06-21 06:22:07 · 2 answers · asked by Anonymous

2007-06-21 06:15:31 · 3 answers · asked by GARY D 1

I'm considering buying a new home that has not yet been built in Austin TX, but I heard mold was a huge problem there. How can I prevent mold or take preemptive measures..?

2007-06-21 05:56:49 · 3 answers · asked by MM 5

I am approaching 62, and have heard about these "reverse mortgages". Have any of you done so? And good and bad points? Would you "do it again?"

2007-06-21 05:52:38 · 2 answers · asked by Mezmarelda 6

I just recently entered into a lease for the habitation of a manufactured home on farm land. The lease in not even a month old (signed may 25, and habitation was set to start the first of june).I have been in and out of the home dropping moving boxes off and such however i have not yet started to live there. The last time i was in the home was about 2 weeks ago when soon after arriving to unload some boxes i noticed the power to have gone out after a summer storm. Returning to the home today I was surprised to find a huge flood of sewer waste (feces included) throughout the house most likely having started from a toilet overflow or sewer line damage. To say the least, there is no way one can live in a home like that. I now want to get out of my lease and was wondering whats the most efficient way to do so?
By the way I already paid first month's rent and the equivalent $ in security...I don't even want that back, i just want out.
Any help would be appreciated, thanks.

2007-06-21 05:45:41 · 4 answers · asked by Anonymous

Here's the scenerio:
My husband and my mother bought a house for $183,000. The house is valued at $200,000 today. When they purchased the house, it was only put in my mother's name, but we split everything 50/50. My mother wants to sell the house to us entirely so it'll be in our names only. Here's where it gets tricky. She wants to sell it to us for cheaper than it's worth, so we'll have a low mortgage payment each month. Is she allowed to sell the house for whatever value she wants, or does she have a limit to what she can knock the price down to?
She would like to sell it to us for $100,000. Is this possible? And would she profit $100,000 off the sale and would this money go into an escrow account so she could use towards the purchase of a new house?

2007-06-21 05:27:11 · 9 answers · asked by Bell 1