Renting & Real Estate - August 2007

What do you think about the houseing problem?

2007-08-14 08:12:16 · 10 answers · asked by RTR!! 1

My husband will be graduating Medical School shortly, and soon he will have to send out letters of recommendation to different Hospitals. My question is.. What is the best place to live in Illinois, besides Chicago? We lived here all are lives, and living costs are very expensive. we stay in an apartment along with are 5 children, and trust me it is tight!! so we want to relocate out of Chicago and buy a house "a Huge one!" but would like to know what locations in Illinois or even another state, would give a huge home,great neighborhood,and schools,along with a reasonable price range for purchase of a home. I mean sure you can spend 400,000 on a home in Chicago. but there.are going to be several things wrong with it and its to small. So we are looking for even brand new homes that give you more Bang for the buck . please we really need this help and like I mentioned before, if you don't know anything about Illinois and other state would be very helpful to us also

2007-08-14 08:00:29 · 10 answers · asked by Guillermo M 2

2007-08-14 06:54:34 · 6 answers · asked by jonathan 1

We're in Virginia. I do have permission from my mother to live with him. Can we get an apartment together? If so how can we go about it? (He's military if that matters)

2007-08-14 06:51:15 · 41 answers · asked by James 1

2007-08-14 06:40:50 · 10 answers · asked by Danathefly 2

I've only been renting there for a little over a month, but during that time I've had the distinct feeling of being watched. I may be imagining it, but I'd like to be sure. Plus, something about the property manager makes me wonder if that could be something he would do.

2007-08-14 06:15:49 · 5 answers · asked by Michelle 1

What entity would be best and why?

2007-08-14 06:14:39 · 2 answers · asked by Anonymous

Is there some kind of ratio for how much your house should cost vs what you make in a year? Like 100,000 your house should be no more than 200,000...I know you are supposed to have 6 monthes pay in your savings account and no more than 15% debt. What is the housing rule?

2007-08-14 03:54:37 · 8 answers · asked by beth l 7

2007-08-14 03:33:06 · 1 answers · asked by jack c 1

is it possible i can get my money order back?i signed up for a low income housing apartment and i haven't signed the lease yet just gave the manager the security deposit.if i changed my mind about moving in can i get my security deposit back?

2007-08-14 03:08:38 · 7 answers · asked by mom goddess 1

Can you just bring your loan up to date and have it restored? Does one have the right to owrk out a payment plan with the finacial institution? Can the payments be put on the end of your mortgage like in a forebearance case? If your house is sold by the bank do you get the difference between the loan and the equity present in the property? I owe @ $2500 on a 600k house in which my equity should be over 400k. Any suggestions?

2007-08-14 02:39:01 · 11 answers · asked by eddie a 2

2007-08-14 00:58:32 · 1 answers · asked by lili j 1

We have a potential buyer for our home that we're still negotiating price with...but they are insisting on an August 31st closing. We want a September 30th closing. Their offer is asking us to rent back from them for a month for $1000. I told my agent that I wanted a traditional closing--where I sign the papers, hand over the keys, and walk away from my house forever. Maybe stay in a hotel for a few days between our selling closing and our buyer's closing on our new house in another state. Clean and simple. My agent kept pushing for it, saying "Lots of people do it..." and "I think you should do this..." I told her that the $1000 rent is money lost to me, whereas I could put that $1000 towards my normal mortgage payment instead if we do a normal closing." She said, "Not much of your payment goes to principle anyway", and I told her, "I have a 15 year loan with a low interest rate. About 800 goes to principle". Am I wrong for being so against this and wanting a normal closing?

2007-08-14 00:51:42 · 10 answers · asked by Anonymous

I have my first property which is a 3 bedroom house 2 bathrooms and a downstairs WC, All in all a pretty tasty property.
I reckon I could rent out the house for the same amount as the mortgage which is just under £600 however is on a variable rate so could increase.
Would it be possible if I rented out the property to take another mortgage?
As the house is paying for itself if it was rented out, I would have all my income that was originally used to calculate my original mortgage, so surely this means I can get lent the same ammount of money???

2007-08-14 00:31:55 · 3 answers · asked by Anonymous

My husband and I have been looking at single/studio apartments in the West LA/Santa Monica area because one bedroom aptartments are too expensive, and landlords say that they will not rent to two people. Is this legal?

2007-08-13 23:51:13 · 6 answers · asked by Kay S 2

2007-08-13 20:02:26 · 10 answers · asked by filo d 1

We just bought our 1st house, what is the proper thank you to our real estate agent?

2007-08-13 18:24:15 · 9 answers · asked by mssmss1 2

2007-08-13 18:06:53 · 1 answers · asked by cummingswife 1

2007-08-13 17:55:58 · 2 answers · asked by damilla 1

My friend wants to make a 100% cash, no-finance offer on a house in Tucson, and he was told by his agent that he could not submit a bid without a pre-approval letter for a loan. Is this right? Is this legal? Thanks for any help...

2007-08-13 17:23:18 · 3 answers · asked by fraudvixen 2

I've singed lease papers in Los Angeles,CA and would like to cancel it within 72 hours. Is it allowed

2007-08-13 16:23:34 · 2 answers · asked by Kapil G 1

Why instead of a bailout doesn't the government force the lenders to work with their customers to refinance their mortgages into a more affordable option than the options that mortgage brokers put them into? Wouldn't that be a better solution?

2007-08-13 16:10:58 · 4 answers · asked by proudfatherinIllinois 2

I am looking in to purchasing raw land on a lake with the plans to build a log cabin for a vacation property.

However, with the requirement for 50% down on land loans and the current housing market (buyers market) and interest rate plus the fact that the down payment can be as low as 10%, I wonder if it is more cost effective to buy a used cabin on a lake. I am thinking of renting out the property (new or used) to weekly vacationers while I am away in order to help offset the additional mortgage. I am looking for some advice from someone who has expereince in vacation rental property.

Point snatchers: Please don't waste my time with your simple "build" or "buy" opinion - that doesn't help. Tell me WHY.

2007-08-13 15:09:41 · 4 answers · asked by Nathan S 2

I am closing on a house in 2 days and when I contacted my realtor today, aparently the seller is trying to get a short sale approved. My realtor has been working on this for the past couple of weeks, I've had no knowledge of this. The seller had signed off on a contract stating that he would pay for majority of my closing costs. What problems could there be with this. I am still waiting to see if we will still be able to close on Wednesday....

2007-08-13 14:19:12 · 8 answers · asked by Houston 1

I can't seem to find this info on the internet. We are new landlords and it has come to our attention that our tenant changed the locks on our rental property. Is this legal? If not what do I need to do to make them aware what they did isn't the way it should be, and to get a key to the property? We live in the state of PA.

2007-08-13 14:18:08 · 13 answers · asked by Trish 2

I would like to know if there is a way to find out if and when taxes were paid on a house. The house is not mine however I do have reasons to wonder. I would ask the person themselves but they may feel thrented. The goal is to find out if this person has someone helping them before I myself help. The information is needed first.
Thanks to anyone that can help

2007-08-13 13:35:59 · 15 answers · asked by love 4

I am a Realtor and things are so slow that I need to get another job. Any suggestions what I need to do and what I need to know to become a property manager. I live in Michigan. Any help would be appreciated.

2007-08-13 12:24:41 · 3 answers · asked by lori3331 1

We are looking at a home valued at $447k in northern CA. His credit is good (716) and mine is not (516) a combined income of over 120k. What do you think our montly payments would be and what are some recomended loan options for first time buyers? 0% down 100% financing...thanks!

2007-08-13 12:04:17 · 6 answers · asked by Jessica S 4

i know they make 6% of each house sold in total.

so lets say they sell a house for 900,000

after all the expenses (broker fees, listing agent fee, etc)

how much of that 6% will he get?? how much money after all the fees are payed will he have at the end of the deal for himself?

2007-08-13 11:45:25 · 4 answers · asked by Anonymous

Last Sunday (Aug. 12th) my boyfriend discovered that he had a $23 NSF fee on his banking account for a recent rent check (due Aug. 1st) Our landlord apparently cashed them, and they cleared on the 9th (mine did) and he got the charge on the 10th. He immediately contacted the Landlord and offered to make get her a money order and drive it out to her if the check did indeed bounce. She told us that she would charge a $30 late fee for each day (the 1st through today--the 13th) that the check was late. That's $360 for a bounced check. In our lease, the details are a bit fuzzy, but it says there will be a $45 late fee for each bounced and returned check, plus any late charges (that are applicable). Are we in the wrong for believeing that we shouldn't be charged $360, but just a one day penalty since we offered to pay it immediately. We live in Florida, and as far as we can tell, the max that a lessor is able to charge is $40 on a rent check of $300 or more. References requested.

2007-08-13 11:38:42 · 1 answers · asked by Anonymous