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Renting & Real Estate - August 2007

[Selected]: All categories Business & Finance Renting & Real Estate

Seriously - I would take drastic measures, take some pretty undignified jobs if I had to etc. etc. before I'd let that crazy $hit happen to my house. What the hell? Didn't people realize that somebody was going to have to pay? Now we see the repercussions were huge. What kind of person would let this happen and how do they sleep at night knowing what a loser they've been?!

2007-08-21 17:16:35 · 8 answers · asked by Mishy 1

I'm looking to get involved into real estate after reading many books such as the Rich Dad Poor Dad Series, Real Estate Riches, Nothing Down and Real Estate Negotiating - but I have a few questions.

1.) If I apply for a loan, would the loan be in my mom's name or in both of our names?

2.) Where can I find my local real estate investing club?

Thank you.

2007-08-21 16:38:08 · 7 answers · asked by rob y 2

I'm in San Diego staying in one of the rooms of an apartment (two equal sized bedrooms,two full private attached bathrooms and two same sized closets). but my apartment mate, occupying the other room wont pay half the rent. If i go to small claims court can they give him an order to pay half the rent from now onwards. Im sure, to defend himself he is gonna say that i did not pay the rent in past.

Anybody had similar experiences. please help.

Also if i choose not to pay rent and they evict both of us. how does that work???? bcos they are going to ask both of us to pay the eviction costs which i dont want to pay completely.

Again any experiences with that please help.

2007-08-21 16:21:18 · 2 answers · asked by deeps_sandhu 1

I am stuck on this question for my assignment, can anyone help me out ???

Here it is:-

You are holding the deposit for an exchanged property in your agency trust account. It is about to settle and your bookkeeper informs you that there has been an overrun in promotions against what was originally agreed to in the agency agreement.
On further examination you see that the reason why there has been a cost overrun was due to a placement of an advertisement in an extra publication to what was originally agreed. This was done at the request of the vendor. Explain what you would do.

2007-08-21 16:19:58 · 3 answers · asked by Anonymous

unpermited add on's and coversions. i just found this out. i have about a 500 neg cash flow on it and im guessing its gonna cost big money to get the changes legal and permitted. im thinking of giving up the property to the mortgage company. what are my options?

2007-08-21 16:13:20 · 2 answers · asked by Anthony C 1

are there any apartments that i can just move right in with my money. thats in the area miami or tallahassee?

2007-08-21 15:54:24 · 3 answers · asked by Laneda 1

We dont really know about different percentage rates and what they mean. We are going to use a VA Loan. We are buying in Columbia SC. We know to get a newer home. But what else should we know.

2007-08-21 15:47:50 · 7 answers · asked by Me 2

I am selling a home and have a question about earnest money.

The buyer signed a contract on June 20, 2007, the closing date listed on the contract was July 31, 2007.

The buyer put down $1,000 earnest money, and paid a $100 option fee, and the home status was moved to option pending, ( so we had hardly any showings after that).

The home was appraised on July 12, 2007.

The home was inspected on July 20, 2007, and the inspector noted a few small repairs, all which could have been completed for under $500.

On July 24, 2007 the agent contacted my agent and said that they wanted to terminate the contract because they didn't want to wait on the repairs to be completed.

They are now requesting that we give them their $1000 earnest money back that the title company is holding.

Do we have to do this or should we be given these funds because we took our house off the market for this buyer and they backed out? What does the option period / $100 fee mean?

2007-08-21 15:30:46 · 4 answers · asked by MO 2

I have been in my apt for about 2 months, me and my boyfriend signed a year lease, but now we are looking at possibly buying a house. What would happen to the year lease we signed if we moved out before the year was up?

**serious answers only

Thanks

2007-08-21 15:30:45 · 5 answers · asked by moviebuff 4

I am a first time homeowner and my primary homeloan is an Interest-Only 5/6 LIBOR ARM. It was explained to me
by both my real estate agent and the mortgage guy as a wise thing to do given that the Atlanta housing market
is 'always strong' and if you think you 'might move within 5-7 years'. There was (and still is) a chance I may
need to move within that timeframe and it's true Atlanta has been a hot market for quite some time(until now). So I decided
to go with it eventhough I wasn't quite comfortable with the idea, but I wrote that off to first time home buying jitters and trusted the 'experts' I had.

So, I am wondering if you have this type of loan, what is the best way to protect yourself? Should I refinance to a 30 or 15 yr fixed rate? And if so, is it a situation of the sooner, the better or should I hang on until I near the end of the 5 year period? I am 2 years into my 5/6, so I have time before it begins its potential jump. My job is stable.

2007-08-21 15:28:21 · 4 answers · asked by D S 1

We want to rent a house in Columbia MO for 1 year.

2007-08-21 15:21:09 · 2 answers · asked by Michael 2

2007-08-21 13:52:31 · 7 answers · asked by NATHAN G 1

I have been living in this place for almost a yr and haven't had a rental agreement.....Now all of the sudden the new boyfriend that has moved in over there, decides that he is going to make a lease, he hands me a lease that states that I have to have his permission to even have someone SPEND the Night with me !!!! I would not sign it, unless they would take that off..... So now he says that he is going to Evict me.....I told him to serve me papers.... Now He wants to come over and call the police on everyone that comes over, and hollering at me and cussing me .... OOOOO, it is getting ugly, what are my rights ?

2007-08-21 13:50:55 · 10 answers · asked by Jennifer B 1

im just looking for some quick morning exercise,anything quick and effictive

2007-08-21 13:50:47 · 4 answers · asked by Steve M 1

I finally heard back from my loan processor. The underwriter wants some older W-2s from 2005, which I understand..but they want a letter from my parents saying I lived there rent free. Why in the world would they need that?

2007-08-21 13:48:17 · 8 answers · asked by buffyfan80 2

I just signed a lease for one year with an apartment company. They incorrectly spelled my last name on the lease and my signature on it is not even close to what my real signature is.

Anyway, my job just informed me that I'm being relocated in a month so this puts me in a bind. I don't want to be charged a RIDICULOUS $1,500 to break the lease.

I have no moved into the apartment yet and my lease hasn't even started. I was just wondering if any law buffs out there knew what kind of a chance I could have if I tried to get out of it with my ammunition being that they do not have the correct name on the lease. Thanks.

2007-08-21 13:44:03 · 5 answers · asked by xParadiseRyan 2

2007-08-21 13:38:28 · 8 answers · asked by Jonathan M 1

If the house is scheduled to close by the end of the month and it goes longer, would the seller be responsible for the buyer's rent given that a 30 day notice has been given?

2007-08-21 13:37:57 · 7 answers · asked by eisabela 1

I am a real estate investor and I was looking into getting a property under contract and setting up a lease option with a tenant buyer. Is it true that if the tenant buyer, fails to make the monthly payment, that I would not be able to evict them and I (Or the actual owner) would be forced to go into foreclosure? If this is true, how can I protect my self, or what can I do to prevent this. I know people do lease options all the time, so this would seem like a big risk, if it was the case.

2007-08-21 13:31:01 · 7 answers · asked by Jron 2

I'm always hearing about people trying to jump on a rent controlled apartment, but what's it mean? And what does a co-op apartment mean?

2007-08-21 13:11:01 · 5 answers · asked by Anonymous

2007-08-21 12:58:03 · 7 answers · asked by Anonymous

State: MO

We bought some land in Missouri from a relative and after living on the property for over 20 years we found out the whole house isn't even on our property. It was bought from a family member and they refuse to grant us the land. Is it possible to get the land and the house? I'm sure it will be costly, what are your recommendations?

2007-08-21 12:45:57 · 6 answers · asked by addisonite 2

Some of the ones here, only "charge" for everything!!

2007-08-21 12:20:02 · 3 answers · asked by Eartha Q 6

What if you live in a dangerous city?

2007-08-21 12:19:11 · 9 answers · asked by Eartha Q 6

How much can I expect to pay in closing costs on a $290k condo?

2007-08-21 12:17:51 · 6 answers · asked by Anonymous

2007-08-21 12:15:31 · 8 answers · asked by Donna M 1

What is the total commision (I heard 5% usually)... does this mean the buyers agent would make 2.5% of that?

Can an agent give a price break in the sale price of 2.5% if the buyer does not have an agent?

2007-08-21 12:15:08 · 4 answers · asked by Anonymous

My husband and I are having to get a house, and we don't have enough money to put down on the house. So we plan on getting 100% financing can someone tell me what this will do to us. What kind of mortgage should we expect it's a $175,000 house and I was wondering how much monthly the mortgage payment should be if we get a 30 year mortgage. We should be paying 20% down but we don't have $30,000 to pay. We both have excellent credit. Also how much does utilities run on a house, it's two floors and we have electricity and gas, then of course water, sewage and trash to pay. Someone please give us an idea of what kind of situation we will be in.

2007-08-21 12:10:22 · 9 answers · asked by crymeariver 5

I will be buying the home I am renting from my landlord. Someone elser lives downstairs. How long should I let him live there before I tell him to move out so my best friend can move in downstairs?

2007-08-21 11:51:28 · 5 answers · asked by IhateDan 1

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