Renting & Real Estate - June 2007

I know many people would think I'm taking a risk, but the 3br, 2 ba unit balcony faces the LIRR.

2007-06-20 04:51:38 · 3 answers · asked by Anonymous

I am trying to figure out all of the costs assosiated with closing a loan

2007-06-20 04:48:55 · 4 answers · asked by andrewelliottjobs 2

2007-06-20 04:33:00 · 5 answers · asked by Thomas G 2

I'm looking to buy an investment property in the very near future, any help with a location would be greatly appreciated. Also if you are a realtor with something in mind that would be great too.

2007-06-20 04:00:16 · 2 answers · asked by RU11 2

How do I do about figuring the cost basis for rental property that used to be a single family home. My wife and her ex husband bought the place in 1995 and lived there until 2000. They divorced and she got the house. We got married and began renting the house in 2001. How / where can I find information about figuring the cost basis when it began as a rental. We are selling the unit next week and the selling price is 120K more than they originally paid in 1995 so I was trying to get information on how to treat the taxes. I know capital gains are going to kill us, but we just put over 20K in the house repairing damage from the prior tenant who cannot be located. Need to know about how much to keep back to cover the tax liability before we invest the rest. Thanks

2007-06-20 03:57:46 · 3 answers · asked by vabchcpl2002 1

I have access to working capital to fund a purchase of the mid price range family home category needing only cosmetic or minor repairs that I would mostly do myself before getting it back to market in say 180 days. Am I up against stiff competition from professional rehabbers wanting to buy foreclosures in Chicago?

2007-06-20 03:53:14 · 2 answers · asked by InvestorPete 1

2007-06-20 03:51:57 · 2 answers · asked by eagle 1 1

I am wanting to just take over paying taxes and insurance myself.

2007-06-20 03:45:48 · 7 answers · asked by Musicman 2

I want to avoid doing an inspection through the city. The last house I bought in Romulus MI, was a pain because the city got envolved with the inspection. I can do an inspection myself, not a problem, but I don't want the city envolved in the inspection process. How can I find out which cities get envolved, and which ones let you do your own?

2007-06-20 03:45:36 · 2 answers · asked by csmithballsout 4

I'm a first-time home buyer and decided to buy a home that is about to be built this fall. The basic price of it is $400,000. We've added $40,000 worth of options and upgrades. They offer 50% discount on options. I want to negotiate the price before signing the contract and I'm quite nervous since I haven't done this before. What would be an effective way to negotiate the price and how much discount is reasonable to ask for?

Thanks!

2007-06-20 03:23:54 · 8 answers · asked by KCA 1

I am in the process of selling my flat which is a leasehold property. As such, I need a Licence to 'allow' me to sell the flat, but the management company are with-holding it despite all of their queries being replied to by me and my solicitor. As they are being so unco-operative, I have lost a sale and am in danger of losing another, along with lots of money!! Does anyone know where I can report them and get some sort of compensation? My solicitor is no help!!

2007-06-20 03:14:06 · 3 answers · asked by Anonymous

Me and 2 friends would like to buy a house anywhere from $100 to $150K in any metropolitan/suburban area.

What cities would be the best to buy a house with a price range like this?

2007-06-20 03:09:48 · 7 answers · asked by Soccer Stud 2

I've been renting a house for 5 years now, and in doing so have aquired a lot of crap. Roommates have come and gone, leaving a bookcase here and bedframe there. Now that i'm ready to move out, i'm wondering what will happen if i just leave all this stuff there, cause it'll take a u-haul to get it all out. Would the landlord have any recourse?

2007-06-20 03:01:54 · 8 answers · asked by KidCuervo 3

Looking at posting of shrieff sales at the county court house is one-way. But you are really pushing it to about 30 days & a lot of times people have already move out and hard to locate. Are there other ways of locating individuals?

2007-06-20 02:59:51 · 2 answers · asked by Anonymous

my closing date is aug. 8. i think my job mabye in jeopardy. if i lose my job before closing date...do i have to tell my mortgage bank? what happen if i get another job before than? do i still have to tell them? yes or no?

2007-06-20 02:37:57 · 13 answers · asked by seafood10 3

I have a friend of mine going through an dilly of a perdicament. She has been living in a rent stabilized unit for 10 years on the Upper West Side. Recently she received an eviction notice saying that she owed back rent from 1999.

They asked her to furnish proof of payment but could not (who keeps receipts that long?) So does anyone know anything about tenent law and if this is even legal? The total of monies they claim she owes is $1000 - a pitance I know, but still - can they evel legally evict her for that?

2007-06-20 02:25:57 · 1 answers · asked by Jess T 3

Our house has just been sitting on the market and its getting too frustrating for us (we don't even live there anymore!). The house is almost brand new (as we only lived there for 4 months). I feel that our realtor isn't doing much (no more open houses, never calls us a.k.a. no ones looking at the house, etc.). My husband and I have never sold a house before and we just feel like we are losing this neverending battle (we don't want to get stuck paying 2 mortgages, 2 electricity bills, etc). What can we do to possibly speed things up?

2007-06-20 02:11:44 · 7 answers · asked by LESLIE P 2

I recently received a collections letter from an old lease I broke almost 5 years ago - I assume it's from a company who bought the debt from another. My friend & I had rented a place together from a private landlord (not a company), and our names were both on the lease. The collections letter in my possession lists my name and someone else's who I've never heard of before. I can only assume it was the roommate my friend brought in after I left, or a total stranger. Either way, this is not the person who I originally signed the lease with. Another concern is that my SSN is listed in plain text along with the unknown person's number. I can only assume the other person has received the same letter and has enough information at her disposal to commit identity theft. (name, SSN, and current address).

The lease amount was on my credit for the longest time, and has now disappeared. Will the new recovery efforts place it back on my report?

Any suggestions on what I should do?Thanks

2007-06-20 01:44:39 · 4 answers · asked by Anonymous

family and friends are interested in buying property to renovate and resell in this country, not sure of the legal issues. we are talking cash buying, not mortgage. although interested where we would stand with mortgages too... if anyone can help it would be greatly appreciated

2007-06-20 01:41:23 · 4 answers · asked by vaha 1

not offering a choice, not given you awritten notice three before signing or explaning the prepayment clause

2007-06-20 01:21:46 · 3 answers · asked by bill g 1

it is in indianapolis indiana 46201

2007-06-20 00:58:57 · 3 answers · asked by sheebagry 1

I'm selling my house to move into a townhouse, hoping to eventually move into a condo, am I making the right move?

2007-06-20 00:40:39 · 7 answers · asked by paul g 2

2007-06-20 00:32:48 · 6 answers · asked by jck_kerouac 2

After receiving appropriate planning permission, I have converted my existing property back into the original 2 separate cottages and now need to accquire a new postal address for the newly created part

2007-06-20 00:13:32 · 6 answers · asked by kate_snellock 1

How tough is it to get a refinance to another interest only or ARM? Here's my predicament - my "interest only" homeloan rate shot up and my bank only gave me 45 days warning (down to 30 now). I don't have equity and my credit score is 618 which is JUST under what banks normally like to lend to (or so I've heard). I have really streched and paid off a credit card so my credit score goes up. I just want to go for another year or so and then try selling and be rid of my condo. I plan on renting for a while and saving up so I can put down 20% (I only put down 5% for this and only paid interest - not wise, I know).

2007-06-20 00:08:40 · 3 answers · asked by shacker2762 3

we have been tryiny to buy a house from some builders and they have verbally given us ten completion dates and never honoured them. What do we do? Our mortgage has changed to higher terms after changing twice. presently they are not telling us anything concrete.We negotiated on this house because other houses were already built on the site with people living in them.We were given March 2006 as the completion date.We are frustrated and desperate because they changed the builders.We.need a solution

2007-06-19 23:53:19 · 5 answers · asked by kemilar 1

I require a bit of advice about an estate agent and whether I have a case against them. This is my story:-



I made an enquiry with an estate agent about an “affordable home”. I was required to provide a £250 deposit in order to reserve this property. On 5th June 2007 I attended at the estate agents to find out more about the property. I had the £250 deposit cheque that I had been told to bring with me. I was very keen to purchase this property but the estate agent told me that they could not take the deposit cheque until they had proof we could fund the purchase. They therefore made me an appointment to see their mortgage advisor the following week. When I attended to see their mortgage advisor she confirmed to me I could obtain a mortgage for this property but that she could not take matters any further that day because something had come up a section 106 agreement on the property and she needed to find out more before she could proceed to arrange a mortgage. Whilst I was with her she told the estate agents not to take anyone else’s deposit for this property until she had clarified the position. She said as soon as she heard from the local authority or the developer she would get back to me in order that I could proceed with the purchase. She then telephoned me on Friday last week to say she still hadn’t heard anything about the s106 agreement and that she was due to be receiving an email and as soon as she received it she would be in touch. I said I was still very keen to proceed.



However, on Monday this week I was looking on the estate agents website just out of interest and I noticed that the property I had enquired about was now sold subject to contract. I immediately contacted the estate agents and they confirmed that they had sold this property to somebody else. I explained the situation and how I had spoken to their mortgage advisor on Friday who said she was waiting to hear back still. They said to me that this person who is purchasing the property did not need a mortgage and the s106 agreement did not affect them. I have contacted the estate agents and they apologised to me and said that this has occurred because of a breakdown of communication between their company. I am very concerned and upset that they have now sold this property to somebody else. As far as I was concerned as soon as their mortgage advisor had received the information I would have been able to proceed. I was able to give the £250 deposit over two weeks ago but because of the difficulties that had arisen in relation to the s106 agreement I was told to hang on to it until the position was clearer



I do not believe that I should miss out on the opportunity to purchase this property because of a lack of communication on their part. I am very keen to purchase this property and I would like to know whether there is anything that I can do or say to them so that I can proceed with the purchase. I do not believe I should lose out because of them.

2007-06-19 23:15:52 · 8 answers · asked by Emma 2

2007-06-19 22:09:31 · 3 answers · asked by shane p 1

it has come to our attention that our landlord has lost the lease we signed. we live in the state of washington.

anyone know what our rights are legally? can we move out early if they don't find the lease?

we are sick and tired of their disorganization, and this really is the last straw for us. we don't want to be here any longer than necessary.

2007-06-19 19:51:43 · 2 answers · asked by jj 2

When walking through various houses with my real estate agent, I often look at the curb appeal and other obvious things about the looks of the house. I want to know other things that I should look at in the house before considering making an offer.

2007-06-19 19:42:19 · 5 answers · asked by blankness0876 1