Renting & Real Estate - June 2007

the bank now owns my house but i need more time to relocate help !

2007-06-14 10:05:25 · 4 answers · asked by iwonder 1

2007-06-14 09:42:20 · 10 answers · asked by Butterfly 1

2007-06-14 09:24:13 · 6 answers · asked by C.D. Riley 2

Our in house financing has preapproved us for a loan and told us not to worry everything was taken care of, but now they have requested updated information on our income because they didn't really pre-approve us for the purchase price of the home. We added upgrades to the house which increased the loan amount, when we discussed the issue with the loan officer she just blew us off and never sent another good faith estimate with the new pricing. Now we have 3wks to closing and we are having to lock our rate at something much higher than we expected because the underwritting wasn't approved yet. Do we have any bargaining power against them for dropping the ball per say? We feel as though we might not be able to afford the monthly note now , because of their inadequicies. And finding outside financing at this point willl probably lower the credit score and penalize us all together! Please help we dont know how far we can push them and still get this home.

2007-06-14 09:00:42 · 6 answers · asked by melissa 2

We applied for a home loan at the end of April. We got preapproved. We went through the whole process. Our closing was set for June 15. This past week the lender keep calling and requesting things at the last minute after we had been told everything is fine and that the loan was approved through underwritting. Now today after everything is ready to go, we had the gas cut on, the inspection done, everything, the lender tells us that there is not much he could do. They NOW cant approve the loan. What kind of attorney do I get and can I sue for this?

2007-06-14 08:45:25 · 10 answers · asked by Anonymous

an offer. My credit is messed up right now, and I am currently working on getting it back together but my baby is due in sept. Is there any type of aide I can get from the state to get a 2 bedroom home? Is there like a grant or something. Please let me know. NO silly answers

2007-06-14 08:42:20 · 6 answers · asked by Anonymous

Does anyone know somebody that could pay up to 85% of what my house is worth and want to buy it cash. It is in good conditions and has a huge yard and a pool, but I am facing financial problems and I need to sell it, and it would take so long with a realtor.

2007-06-14 08:36:06 · 7 answers · asked by Anonymous

2007-06-14 08:36:04 · 15 answers · asked by Anonymous

I am in NY state (buffalo area), my husband got into some trouble, I took the rent money for 2 mnths and gave it as a retainer to the lawyer that kept him out of jail (these are old charges) -- I owe 2224.11, I have about 1000.00 that i can give them tomorrow, but the rest has to wait 2 weeks until i get paid again -- court is scheduled for monday @ 8am, they just left the notice on our door this morning. If I pay them (it's through a corporation) what I have, can they still kick me out and do I still have to go to court?

2007-06-14 08:33:50 · 3 answers · asked by Bakes 2

About what percentage of real estate investors use property management?

2007-06-14 08:31:57 · 12 answers · asked by ztim21 2

May anyone please give a website that explains everything one person may need to know in buying a home or apartment building.

2007-06-14 08:26:48 · 5 answers · asked by DG 1

I currently work for a company called Boston Equity Investments. We help reduce the typical liability associated with normal invests in real estate. If you have any interest in such a opportunity, please visit www.beipartners.com and ask for Jameson. You can also email me directly at liang_jame@bentley.edu

2007-06-14 08:17:52 · 2 answers · asked by jameson_liang 3

2007-06-14 08:14:07 · 5 answers · asked by Lfaye 1

2007-06-14 08:10:29 · 4 answers · asked by e 1

We accepted an offer to purchase our condo. The buyer has still not secured financing and we are now paying the mortgage on two homes. How can we force the buyer to honor the contract and continue the purchase and to what extent can we recover out of pocket costs? Frankly, this whole transaction has ruined all of the excitement of moving into a new place and has certainly stressed out my wife. I think that pain and suffering are legitimate damages in this instance. By the way, this was not a "by owner" transaction.

2007-06-14 08:09:04 · 6 answers · asked by icatfishman 2

Home listed for 199,900 rural IN 1 hr west of major city. Needs lots of updates and repairs(has no cooling, all floors need replaced, bunch of crap on property that needs to be removed, exterior issues(siding, roof, lighting etc) Home is 3800sq. ft. on 10 acres. Seller's lender is handling things. Set for auction in Aug. Please help. Want home but cannot go over 120,000.

2007-06-14 08:07:41 · 7 answers · asked by Anonymous

Hi,

I am about to purchase a VTX cruiser that i found on craigslist. I have met the seller in person and test driven the motorcycle. After deciding to purchase his, it turns out he is still paying off the finance company for it and therefore he does not have the authority to sell it.

his proposed method (which he supposedly discussed w/ the finance company) is:

he faxes them a bill of sale

I use western union quick collect to pay the finance company

they fax me a copy of the title and put the original in overnight mail to my home

the seller delivers the motorcycle to me



I am about to spend a LOT of money, so I was wondering if I should be worried about this. Is this commonly done? Is it safe? What can i do to protect myself?

Is there a better way? Thanks for any help!

2007-06-14 07:01:12 · 4 answers · asked by djz2k 1

We are first-time home buyers. Our closing date was supposed to be on June 29th. Our attorney just contacted us and told us that the sellers are unable to purchase the home they had intended due to inspection issues and request that we extend the closing date to July 31st. Our attorney says that we can keep the date and charge rent or extend the date.

I don't mind extending the date as long as they pay to extend the lock on our mortgage, but is there something else I need to worry about being that we've never bought a home before?

Obviously, I don't want them to extend it beyond a month. Is there a legal way to discourage that? I rent now and am not under any pressure to move out.

The family we're buying from is very nice and recently had some terrible circumstances, but we still can't have it extend any further than the 31st of July.

2007-06-14 06:43:34 · 2 answers · asked by momathomewith2boys 5

Jacksonville Florida

2007-06-14 06:26:15 · 4 answers · asked by MIkE ALEGRIA 1

My mother and father were never legally married, but were common lawed married. They purchased a house together in 1990. In 2002, my father left my mother for another woman and moved to Oregon with her five children. My mother wants to sell the house, but because my father's name is on the deed, she can't do it unless he agrees. She paid money into the house all those years and my father wants 50% of the sale even though he's never paid a house payment. (I've paid more than he has).

How can my mother remove my father's name off the deed? Or what would she have to do to make sure my father does not receive any of the sale money? There is only $40,000 left on the house.

2007-06-14 06:15:37 · 5 answers · asked by Cherry_Fire 3

i have bit off more than I can chew with my mortgage and I have tried to sustain for 2 years, but it is kicking my tail...

2007-06-14 06:09:48 · 7 answers · asked by jb 2

signed a lease with one other person in March 07 to start August 1 07 for college housing. am unable to return to school. lease contains a specific line to list address of specific unit to be leased this was left blank, also landlord did not request full deposit (only took 2/3s). given that lease seems incomplete is the lease legal and/or is there a way I can get out of lease.

2007-06-14 05:51:53 · 2 answers · asked by Mary H 1

2007-06-14 05:47:29 · 10 answers · asked by sectr9er 1

its actually my inlaws landlord and he has stolen money from them and pain killers from them so my husband changed the locks on him and now he keeps hounding them for a copy of the key and we wont let him have a copy and the police cant do anything because we have no proof that he actually did this other than just knowing he did it

2007-06-14 05:21:03 · 8 answers · asked by LOONEY LADY 5

Lowest income and property taxes, lowest house or coop prices or rent, and lowest inflation.

2007-06-14 05:13:35 · 3 answers · asked by wisemancumth 5

2007-06-14 04:03:21 · 3 answers · asked by Anonymous

I have started the prequal paper work, am determined to continue with researching a pre foreclosure home that I was told about by a friend, and am a bit nervous about how much I don't know about buying real estate. I am told I will have to pay for title insurance to protect the lender. What does this policy cover, is it sufficient protection for me as well and how much does it cost?

2007-06-14 03:49:17 · 5 answers · asked by LucyJ 1

please

2007-06-14 03:45:43 · 6 answers · asked by Dr. Mahni Lu-Aza 1

I am not looking to buy cheap, just better priced, and near where I work in Miami Beach, Florida. A friend suggested getting a list of bank foreclosures from an agent, comparing them with other listed homes in the same area, and said that at least I could be sure the title to each would be "clear".
I have enough capital and credit to buy a couple of units, one to rent out.
What other advantages is this market likely to offer me?

2007-06-14 03:08:23 · 5 answers · asked by Anonymous

I have an excellent credit score with less income than my friend. He has and excellent credit score equal to mine. For me to borrow $50,000.00 I am offered credit at 7 – 8 % where as my friend is being offered the same amount at 5 -6 %. This is an amount I can easily afford, but it seems that I must pay the lender more because I earn less.

Don’t credit scores seem to be a way our federal government regulates lending to assure wealthier people get very low interest rates when borrowing money and others must pay a very high rate of interest resulting having less of their income in the end for personal use.

If interest were the same for all income levels and only the amount borrowed be based on ability to pay it back, wouldn't that make it less likely for someone to default on a payment (less interest = lower monthly payment)?

2007-06-14 02:40:50 · 6 answers · asked by Traveler 4