Renting & Real Estate - June 2007

2007-06-11 19:46:53 · 3 answers · asked by Lorraine C 1

My husbands job is transfering us to a city 7 hours away from our hometown, and we are looking at homes for sale. But mostly all we can find are homes built in the 70's. Alot of them are fixer uppers and need a lot of remodeling. Would it be a waste of money to invest in an older home and fix it up?

2007-06-11 19:26:04 · 10 answers · asked by Vee 2

2007-06-11 18:38:44 · 4 answers · asked by Anonymous

Planning on buying a condo for 175,000 in Texas. First time buyer. I've done some research and know I can afford it, but dont know much about mortgages. I will probably be in the place for 10 years or so....any advice???

2007-06-11 16:14:27 · 9 answers · asked by zilch 1

If I put 20% cash down on a $500,000 house (and I got laid off and couldn't keep up with the payments) and it foreclosures, what happens to my $100,000 in cash?! Is it gone, and is this way people get 2 mortages (one main and one 2nd for the downpayment)?

2007-06-11 14:59:28 · 4 answers · asked by Anonymous

am i going to get credit card offers in the mail like crazy?

2007-06-11 14:57:53 · 4 answers · asked by stevenzepke 1

2007-06-11 14:39:44 · 10 answers · asked by Anonymous

THIS QUESTION HAS TO DO WITH MORTGAGE.

2007-06-11 14:32:34 · 5 answers · asked by Chica 1

I finally found a great home and after the contract is signed my mortgage lady gives me a good faith estimate of 11309.07 She said FHA loans are typically higher.is this true.Should I be looking for a different mortgage person

2007-06-11 14:23:13 · 8 answers · asked by anthonyjmorale 1

When looking for a house on the net, and a house has been forclosed and is real estate or bank owned, and the foreclosure price is listed, is that the price that the house will be resold for? Even if it is a $100,000 home and the foreclosure price is like 3 grand?

2007-06-11 14:15:28 · 6 answers · asked by BigRick the Beer Drinker 6

I will be paying for the house with a cash (not real bills but what i mean is that i am not going to get a mortgage). Part of the money is given to me by my parents so i want to be very careful. Closing is being done by the title company who is also the escrow company.
Ideally i want to pay by certified check. i want to avoid wire because when i initiate a wire request i don't get reciept
1. What documents should i recieve in the closing meeting to assure that i am safe and not being frauded.
2. The seller told me that if you pay by certified check then i will not get the keys until the check clears. This makes me suspicious. Should i not get the keys and dead at the end of the closing meeting.
3. The seller (who is also a real estate agent) told me that closing agent from title company can meet us at the sellers office and close there. The place doesn't seems neutral to me, is that an acceptable practice.
Please help i want dont want to risk my mom and dad's money.

2007-06-11 14:09:50 · 6 answers · asked by Nervious Guy 1

Tenants have 6 months left on a 12 month lease.

2007-06-11 14:02:15 · 9 answers · asked by sendmymailoverhere 1

http://realestate.yahoo.com/Real_estate_news/story?s=rytimes/item-7a561f8d38111a8d3ce9cf67da8e277b.html

The real estates agents, the escrow companies, the banks...all in this together to make the sale...push the deal through...make the commision/money regardless of moral or ethical precepts(and one wonders why this is another aspect of society that has gone rotten since we fired God), you sure lead the sheep to slaughter on a massive scale of deception.

When I buy my first house, I'm sure not using the 1st two mentioned above...

"It pays to have a realtor"...really? Who does it pay?

No, not all realtors, escrow companies or bank employees are crooks...but just like Enron employees...nobody seems to be accountable for ANYTHING..."I just work here".

2007-06-11 14:01:15 · 8 answers · asked by Anonymous

Can a landlord in the State of California REQUIRE a person to pay rent on a month to month lease on or before the 1st of the month and IN the form of a money order only? We used to have till the third of each month by midnight, but now they say they will serve us with a 3 day pay or quit notice by the 2nd of the month and you MUST vacate by the 5th of the month if that happens. Can they DO that? I thought the process of the law was on the side of the renter and that seems VERY harsh to me. Serious answers only please, hopefully from an attorney in the State of California. Thank you.

2007-06-11 13:57:03 · 2 answers · asked by La_Liona 4

It is 6 yrs old, 3 br, 2 bath, 1750 sq ft. Listed at 175,000 but county records say assessed at 160,000. How much should I put in as an offer? I have never purchased a home before and do not know the normal procedure of how far under asking price a house usually sells. Is it rude to offer 150,000-155,000? (I can not go over 160,000.) Is this a long shot or doable?

2007-06-11 13:55:31 · 6 answers · asked by Sahmantha18 2

We have an offer on a single family home in Va for almost 6 weeks now. This is a short sale and 3rd party (bank) approval is a must. We thought about withdrawing the contract, but the seller's agent offer to ratify it (accept no others' offer). It doesn't mean we will get the house, but can she do that? Also, anyone has real life experience with buying a short sale property? Thanks :)

2007-06-11 13:44:46 · 3 answers · asked by Ceci C 3

this mkts crazy,the inventory of homes for sale are not that desirable in south jersey,so im asked to sell for less,but pay more for next home,im downsizing but dont want to overhaul next home, so how do you motivate other sellers to drop thier price,not to mention contingencies involved with getting out and buying another home as suitable housing need., frustrated.

2007-06-11 13:29:10 · 2 answers · asked by crazy b 3

per the flood certification that had to be done prior to the sale of the home. I have had two appraisals done and both appraisals state that I am in a Class A Flood Zone. Can't the mortgage company get in trouble for such an error/discrepancy?

2007-06-11 12:56:03 · 4 answers · asked by justhonest 1

We signed a purchase agreement in April and our closing date is in July. In April everything was great with money and we wanted to say in this town. Now, we are having money troubles and got new job offers back home which is two hours from the house we signed for. We cancelled the purchase agreement bc we don't want to live here now nor do we have the money for the down payment bc of money problems since signing. We understand we could be sued and lose our depoist. I got a good faith loan and only had to put down 5%. Which we have not done yet since our closing date is in a month. So we are just wondering if anyone had done this or has any advice for us. We just want to move back home and give the seller time to resell the house. We now know that signing for a house so early was a mistake bc life can change in a heartbeat. If anyone has any help that would be great...Thanks!!

2007-06-11 12:48:33 · 7 answers · asked by lynn 1

I called Rent a Center to buy the new computer i've been wanting. They have good specs on it, and its only 37.99 a week. I thought, "ok thats good" and the overall price is 1728. Decent. But heres the Catch, you have to pay that in 90 days ti get it for that price, otherwise, you DOUBLE that and pay over 2 years. I realize there might have to be some interest but thats just like buying 2 whole computers? I do realize you have to sacrifice to get what you need but doubling the price seems completly outrageous!! Does anybody know why they would do this,when their website and commercials claim "easy, cheap, AFFORDABLE" obviously, they are taking advantage of people who don't have the credit to buy it directly online. Why? someone, help me out here!!!

2007-06-11 12:36:52 · 4 answers · asked by Anonymous

If you originally was prequalified for a loan of 85000. Made an offer on a house for that amount. Can the Loan be denied if the appraisal for that property comes back at less then the original amount offered?

2007-06-11 12:33:33 · 3 answers · asked by HappySC 1

2007-06-11 12:12:21 · 6 answers · asked by Anonymous

So you're behind on your storage payment, and are getting notified that your stuff may be put on auction later in the month. Are you allowed to just go to said auction and try to win the contents of your unit, and be off with them?

2007-06-11 11:59:01 · 3 answers · asked by Erik 1

My exact apartment in a better location within the complex is being offered for $75 less than what I pay. I just moved in less than 2 months ago.

When I inquired, I was told that unit rented for $675, but the ad says it's $600.

2007-06-11 11:51:29 · 3 answers · asked by Anonymous

2007-06-11 10:58:44 · 5 answers · asked by monkeypower777 2

Every where I look they want credit card info! Is there anywhere that you can just browse around for free?

2007-06-11 10:51:07 · 5 answers · asked by YouAsked4it 3

2007-06-11 10:36:45 · 1 answers · asked by Angie 1

I've checked out legalforms.com and usalegal . Am willing to pay but want the most accurate, etc. I'm not an agent but am a fledgling real estate investor, looking to buy distressed properties and assign the contract.

2007-06-11 10:24:52 · 0 answers · asked by LynnD 1

I am FSBO, offering 4% to a selling agent. Since I got sooooooooooooooooooo sick of showing my home to lairs, cheats and window shoppers, I started requesting that a 90% letter, prequalified verification be sent prior to showing my home. Realtors do it all the time before they take someone out for days to show homes.

Anyhow, one lady in particular forwarded me a copy of an email she get from Lending Tree through Amerisave. It states

"Dear Mrs. Smith,
We still have not heard from you regarding your application to Lending Tree. Your conditional approval with Amerisave is valid for 60 days from the date of initial inquiry, and it has been 45 days. Please take the time now to contact me or one of my team members to proceed with your loan request. We are here to help."

Should this be considered the same as a 90% letter, or is this just some cheap internet pre-approval crap they rubber stamp everyone with to get you hooked in? I only want qualified buyers here. Thanks!

2007-06-11 09:33:14 · 4 answers · asked by Anonymous

2007-06-11 09:16:56 · 2 answers · asked by NO MORE 5