Renting & Real Estate - August 2007

2007-08-25 10:26:23 · 10 answers · asked by savvy 1

Is the payments made to the loan in the mortgage every month?

2007-08-25 09:51:55 · 4 answers · asked by sheron h 1

2007-08-25 09:31:11 · 5 answers · asked by wolverine1052000 1

This is like my 4th post, I want to give all the facts this time.
I am near the end of my loan closing. My rate lock ends next Sunday. My loan was with the underwriter but its been transfered to the closing department. My credit score is 786 as of last time I checked. I picked out furniture at a local chain store, and I applied for their Preferred Shopper Card. I have not been billed yet and will not be until after delivery. I have more than enough money in the bank to pay for this purchase when it will be time to be billed, as well as enough for my closing costs/down payment. I don't even know if this will be discovered by the lender, but if it does, do you think an explanation will be enough? Will they even care? I want SERIOUS answers.

2007-08-25 08:39:24 · 8 answers · asked by buffyfan80 2

2007-08-25 08:37:06 · 6 answers · asked by xxSweeeeetheartttxx 1

What is your home's value based on? Is it simply the size/neighborhood/structural condition? Or do appraisers look for aesthetic value as well? Basically, I'm wanting to know if doing little things to the outward appearance of our home will help increase the value? (Things like adding nice, potted flowers to the front steps, fresh flowers in the house, etc. I think it's what is called "staging" your home for potential buyers) We're not selling our home- the appraisal is for re-financing our home.

2007-08-25 08:08:10 · 11 answers · asked by JustMyOpinion 5

I pay $925 per month for a big one bedroom. Should I buy a unit which is just down the street for $190,000. I live in Jersey City, NJ. The unit that I am renting now is a little bit bigger than the one I would be buying, however, the one I'm buying is on the top floor which I like because it's quiet, whereas now I am on the 4th out of 5 floors. If i get a mortgage the monthly payments would be about $1400 including taxes (1400 per year) and maint is 250/month. What should I do?

2007-08-25 07:08:29 · 6 answers · asked by Anonymous

This is what my agent keeps telling me, but I've heard otherwise. Personally, I think he's just trying to hook a lawyer up.

2007-08-25 06:58:40 · 2 answers · asked by dullerd 2

2007-08-25 06:50:18 · 5 answers · asked by allienoz 1

Title/Deed is under both of our names. If we foreclose the 1st home, will my credit rating also be affected? How will it affect our 2nd property since he's name is also on that property?

2007-08-25 06:31:46 · 5 answers · asked by Darn 2

I live in rural ohio and need to update a septic tank. Do you need a full acre of land to do this? I only own a half acre. I wasn't sure if this was only true for newly built homes. Any info would greatly help! Thanks so much!

2007-08-25 05:41:27 · 6 answers · asked by Anonymous

My husband and I have a very good income combined. We have been paying back debts and therefore not much saved for a downpayment. We have been renters for many years. I am a bit skeptical of scams relating to this matter.

2007-08-25 04:55:45 · 8 answers · asked by MrsMaltz 3

My home is 1130 sq ft. 3bd 1.5 bath with a yard, it was built in 2000, and is in great shape. So how much should I require the new renters to pay for a security deposit, and a pet deposit? And how much should be refundable? Also the rent is $1150 a month.
Thanks

2007-08-25 04:21:08 · 19 answers · asked by ml 2

Just curious. I was quoted $230 ... could that be right?

2007-08-25 03:56:04 · 5 answers · asked by Annie 2

i want to live on Cooper st...Is there any homes for sale in that area...10 points!!

2007-08-25 03:47:42 · 3 answers · asked by girl u played tag with 1

I must bring a check for around $100K to the closing on my house. To whom do I make the check payable? The attorney is unavailable today.

2007-08-25 03:27:00 · 10 answers · asked by justcurious 2

We sign a contract agreement to buy a house and now we find other property, at a lower price and more space. We want to terminate the first agreement. We don't want them to take any actions against us.

What can we do to avoid a sue and (maybe) recover the downpayment money?

2007-08-25 03:26:59 · 9 answers · asked by Hector J. R 1

I currently own an investment property with a business partner. I am the only one on title since the mortgage is only in my name. I desperately need to get out of this property. My partner has agreed to release me from my obligations. I am giving up all my equity to accomplish this.

We have two options available from what we can tell to get me off the mortgage which is the main objective:

Option 1 - He can actually purchase the property from me to release me from the mortgage. This likely is a bad idea. Essentially, he would buy the house but the proceeds that I receive would end up going back to him at closing. This could easily be looked at as loan fraud and I have not interest in breaking the law.

Option 2 - We add him to title and then he refinances the property removing me from the mortgage. He has been an owner the whole time, it just hasn't been reflected that way on title. He is more than qualified to be approved for the loan.

Is option 2 legal?

2007-08-25 03:16:56 · 9 answers · asked by Anonymous

The first lender who ordered the appraisal came back with ungodly fees and interest rates. I would like to shop around for a better loan. Now other lenders want an appraisal as well. The appraiser says that I do not have rights to the appraisal that I paid for. Is he correct?

2007-08-25 03:07:10 · 9 answers · asked by Perpetual chaos 1

My mortgage company recently raised my payments by $440 per month to 'make up for' taxes because they have 'reassessed their escrow schedule'.

Basically, they do an escrow analysis each August. This year, they paid my 2nd installment of taxes in August (not September, when due), so that they could include the 2nd installment in the escrow analysis, done in August.

Are they doing this because so many people are defaulting loans now and they are not recovering the taxes they have paid?
What else could be the logic?
I have to think that if this is happening everywhere, the results could be devastating to homeowners.

I tried calling them and they gave me some lame answer about how the county called them and made them pay it in August, but that doesn't make any sense to me.

Thank you.

2007-08-25 02:58:28 · 12 answers · asked by Stupid Flanders 7

My mom wants to sell our house, and move elsewhere, but it would be sold for less than what she bought it for initially. If our house is going to be sold for, say, 140,000, can she buy a new house, say for, 130,000, and put the remaining 10,000 on the new house?

2007-08-25 02:41:40 · 6 answers · asked by ? 2

2007-08-25 02:34:09 · 13 answers · asked by Anonymous

2007-08-25 01:26:03 · 9 answers · asked by Toni B 1

Hi there, my landlord sent me a letter stating that I have to leave the apartment for three days because they found termites on the condo. I asked her about the temporary place to stay and she just said that I should look for a place to stay for my own.
My question: is it that legal, doesn’t she have to provide a temporary place for me?
Please I need some advice, and if there’s any article or something that talk about please let me know. But the way I live in Miami, Fl.

2007-08-25 01:09:20 · 5 answers · asked by Flaca II 5

I am told that once someone makes a purchase agreement with a contingency a lot of perspective buyers will just consider it sold and move on. I don't know what to do? I have had 2 couples that love the house but have houses to sell. The market is so bad I feel like I may only get an offer if there is a contingency. Any opinions will be appreciated especially from realtors. I have my home listed with a realtor.

2007-08-25 00:28:02 · 4 answers · asked by Dona P 2

in one month of working as a loan officer I have got 14 applications... and as we all know getting 14 applications does mot mean 14 loans, because you always run into your shoppers, people with crappy credit, or homes with no value, or even worse negative value... so what advice would a seasoned loan officer have for a newbie like me. Right now I am just using the companies leads, but I would like to know how to get my own leads, and referrals, where to get better training, my company just kinda throws us out there. And what do you do to stay afloat in this market? I got in now thinking the market has to turn around within a year, and I would be a better saleswoman if I started when it was hard. But I don't feel like I am getting good training on how to sale and really do a loan. We only got about 2 hours total of training.

2007-08-24 19:18:56 · 3 answers · asked by Anonymous

Is there a mortgage lender or bank out there that can STILL help finance those who are almost loosing their home as a last resort? Just when you think all hope is lost...
Let me know
Thanks

2007-08-24 18:22:29 · 9 answers · asked by havequestion 1

What's the easiest way to monitor rates for non-conforming loans? I see the national mortgage rates went down, but when I asked my lender for my mortgage rates (trying to get a loan) totally the opposite, so I was wondering if there are any website to monitor rates for non-conforming loans so I can lock my interest rate once it comes down. any tips would be great. thanks!

2007-08-24 17:27:31 · 6 answers · asked by Bouchon89 1

I recently closed escrow on a new home mortgage, but because of the recent chages in the home mortgage industry, the broker cannot sell the loan to a traditional bank. They are basically stuck with the loan. Is there anything I should be concerned with?

2007-08-24 16:58:29 · 11 answers · asked by Jack24 1

2007-08-24 16:10:50 · 19 answers · asked by Anonymous