Renting & Real Estate - August 2007

2007-08-10 14:27:32 · 7 answers · asked by bigspud80 1

My father moved out and left the family in 1998 and went down to Florida. The house that he and my mother had in their names is in New Jersey.

In 2002 he sent divorce paperwork and my mother's lawyer did not respond in time and it was granted by default. In the paperwork, there was no awarding of the house to either party.

My mother has been paying the mortgage (which was initially put under both of their names, shows up on both credit reports, etc. but for some reason when items arrive in the mail are addressed to just my father). for the last 9 years. Everything paid by check from her personal checking account.

She currently only owes $6000 more on the mortgage. She can't afford a lawyer my father won't cooperate with taking his name off. He demands that my mom sell the house and give him more than half. My mom doesn't want to sell the house - she lives there!

Does anyone know how she can get his name taken off the title? He hasn't paid a cent and has been gone 9 years!

2007-08-10 12:48:18 · 7 answers · asked by Miss Linda 3

Where I live, there are hundreds of houses in all stages of construction. Behind us, curbs, streets and street lights have been finished for months but no houses started. The stock market is in the pits...will somebody tell Bush that the economy is taking a serious hit?

2007-08-10 12:32:52 · 12 answers · asked by ArRo 6

I got a letter today the 10th saying i have until the 15th to move my vehicle that doesn't work or they'll tow it at my expense. It is their rental property and they had some conversation with the home owner's association so I'm assuming they have the right to tow it off their property, but they say they're taking it to a junk yard. Can they take it there? Doesnt it have to go to impound or something? They have no way of knowing that the vehicle isn't in working condition, although the front end is smashed because i wrecked it. If I move it to the street, will it be considered public property and can i circumvent that. Can I charge them with anything if they remove my property from their property? what's my best course of action on this?

2007-08-10 12:18:37 · 11 answers · asked by Ryan M 1

I'm entering into a simultanious contract and closing with and individual who is purchasing one of my retail properties, should I be concern with the source of his money? In other words, I will be getting certified funds at the closing, but I don't know if he got his money from legal sources, is that my problem and how could it effect the deal?

2007-08-10 11:54:48 · 5 answers · asked by jonathan s 1

I've always wondered how people who are just starting are miraculously able to afford a $300,000 house.

Well, of course, they went for the extremely risky loans that were being offered to them left and right, no income verification, interest only, variable rate, etc., when interest rates were really low.

So is it now OUR FAULT and we're supposed to "bail them out" or else it will affect the economy?

NONSENSE. They took and knew the risk. And recent 1980's history warned them what could happen, and they ignored it. I mean, am I the only one who opens a history book any more?

But then there will be a glut of overpriced houses on the market! So? It will be a temporary thing. Believe me, people who really CAN afford it will buy up those houses at discount prices and reap the rewards, AS THEY SHOULD.

Should people who live beyond their means expect sympathy from those of us who play by the rules, sacrifice, wait, and save up for things?

What do you think?

2007-08-10 11:31:25 · 11 answers · asked by Anonymous

ok i have verry bad credit and iwant to try and get a loan to buy a home where can i go?
and how can i go by getting it is it even possible to get a home loan if u have bad credit?

2007-08-10 11:26:20 · 5 answers · asked by i miss you 1

Is it legal to have a mortgage in one name, call him Mr. X a sole borrower, even though he has signed a quit claim deed over to release all interest/ownership to his first wife Mrs. V?

No, it was not a part of their divorce decree. The divorce decree says the home will be sold "promptly"...that was 9/2003.

It just seems like the mortgage company is at risk this way. Since Mrs. V is not on the mortgage but lives there, Mr. X does not live there but pays rent elsewhere plus the mortgage note Mr. X could easily fall behind. And has.

So if he no longer owns the house, how does the mortgage company protect themselves from a default?

2007-08-10 11:19:37 · 4 answers · asked by upside down 4

thanx!

2007-08-10 10:19:20 · 13 answers · asked by ♥jen♥ 4

2007-08-10 10:01:58 · 9 answers · asked by sweetbottom 2

2007-08-10 09:51:35 · 6 answers · asked by Anonymous

My gf and I are apt hunting, using a broker.
We found a perfect apt and applied.
We paid the $500 initial fee.
We have perfect credit, good jobs, about 4 yrs of rent in our bank accounts.
We are maybe 4K short of the yearly income requirement, but my gf's mom has a $1M house in New Jersey
We applied on Mon. The broker told us we would know on Wed, Thu at the latest. It is now Fri.
We have been in contact with the broker several times since we applied.
We have heard: "Pretty sure you have it"
"looks good", "Just waiting for final word",
Everything except "Come down and sign the lease".
It has now been five days, and the same old rhetoric.
From what I understand:
In NYC, there might be six or more brokers trying to get the same apt rented.
Until a lease is signed, the apt. remains for rent.
Every day we wait, our chances of getting it diminish.
What is the hold up? Do we have it or not?
NYC apt hunting is unique, so please only answer if are familiar with the procedure in NYC.

2007-08-10 09:47:37 · 9 answers · asked by Rob 4

2007-08-10 09:30:47 · 7 answers · asked by Anonymous

Is this is an opportunity or not? The facts are these:

My avg. FICA is 715, make about 85K p/year, have @ same job for 12 years (teaching) and have about 30K in investments ready to put as down payment and about 20K in cash.

The property is a Duplex in L.A. area (South Bay), I already put $3,000 as guarantee, The terms are to put 5% down; The loan is option is a 85/15. Tthe interest on the loan is 7% fixed on the big loan (85% Interest only for first 5 years), and 10.75% on the small loan (15% jumbo loan).

I just heard today more statistics on what has been suspected: more people defaulting on mortgage payments and a worldwide stock maket scare due to this. Countrywide. WaMu, and other lending institutions are in trouble. I know it'll be hard to get better loan terms right now but I don't want to let the opportunity go.

Is it better to wait few mos. untiI the storm's gone or do I gamble with what I have on hand? (1st time home buyer)

Thanks for your advice. =0)

2007-08-10 09:27:05 · 7 answers · asked by Quijano 2

want to sell my house right away anyone know if there is a place that does that

2007-08-10 09:26:57 · 4 answers · asked by andy r 1

Given the following assumptions: first time buyer, able to make 20% down payment, excellent credit, flexible on timing, already pre-approved, silicon valley area, intends to live in 2 bedroom condo for at least 5 years. How should the crisis affect decisions, particularly concerning timing? Should I wait a few months, or get it over with? Will housing prices drop somewhat? Will I get hit with a higher interest rate for waiting?

2007-08-10 09:20:51 · 10 answers · asked by yggdrasil's gardener 3

I have a friend in Eastland Texas who got her license recently and in 2 days sold 2 houses! She's 19!!! I live in Fort Hood/Killeen. I was wondering if anyone knew the market here, or how I could find out about it. Because I hear some places there are like 1 agent to every 5 people, and that you can't make any money. Before I shell out the dough for classes I want to see if its worth it. In addition she did her classes online. And a real estate company still took her on as an agent. So is it true that if you get your credentials from online they're less impressive?? Thanks ALL!

2007-08-10 09:17:24 · 4 answers · asked by mrs.v 4

I want to buy a house,i can't find financing , my credit score is not that low so i can't figure out what the problem is or where to turn for help.

2007-08-10 09:15:34 · 6 answers · asked by candyb29335 1

Is this true?

2007-08-10 08:51:14 · 10 answers · asked by X0_JUSTxF0RxFUN 2

Interested in a broker giving me a list of housing ,that are forecloses.

2007-08-10 08:41:25 · 2 answers · asked by reginald2006c 1

2007-08-10 08:37:37 · 7 answers · asked by nikki 1

2007-08-10 08:14:03 · 9 answers · asked by palmerhett 1

2007-08-10 08:06:13 · 1 answers · asked by Anonymous

The lease on the flat i am renting for £400 a month will run out at the end of next month. The company i rent from has informed me that my rent is going up to £520 a month. I cannot afford to pay this now and i think it's pretty unreasonable to put it up by £120 a month. What are my rights? Do i have any? I'm so upset about this. Thanks.

2007-08-10 07:41:29 · 1 answers · asked by . 7

I've heard that mortgage companies are trying to get new laws passed regarding 30 yr fixed mortgages. I've heard that they are trying to make it so that if any new company buys your mortgage the new company will be able to change your rate even though you signed papers for a fixed rate over the life of the loan. I currently carry an extremely low conventional mortgage with the rate of 5.25% fixed for 30yrs and I recieved this mortgage through a very ligitament bank. My contract states that no matter who purchase my mortgage they cannot change my rate throught the life of the loan no matter what. Obviously most banks don't hold onto the loans and my loan was sold to Countrywide about 4 months or so after the closing and I have been paying them for 5 years. But I've heard that they are trying to make it so they can change rates of fixed loans with new legislation. Is this true? If so can anyone point me to some info regarding it?

2007-08-10 06:54:30 · 13 answers · asked by W 3

I have listed my home with a real estate agent. They have not shown my house one time in the last 3 months. What is the best website to use for the listing. My contract is good for 3 more months with this agent. I want to change companies if it is not shown before then. Who is the best agent to use? I wan't someone who will advertise well and put the listing on the internet with pictures and a good description of the home.

2007-08-10 05:55:42 · 5 answers · asked by bobbie2908 1

following divorce, we are having problems selling the house. it is on the market at too higher price and my ex wont reduce it. it may get repossessed as i have no more money to pay. are there other options ? is there financially a way out for me rather than be credit blacklisted?

any ideas would be useful

2007-08-10 05:40:46 · 4 answers · asked by SIMON T 2

I have a lease and I have paid the rent until the end of August. A broker came by today and said the house was foreclosed on and I have 3 days to move out (I assume the broker bought it). I cannot reach the landlord. What are my rights as a tenant in Texas when the house has been foreclosed on? Thanks

2007-08-10 04:52:17 · 2 answers · asked by Anonymous

Or does prop. 13 force counties to stick with the original price a buyer paid for the home? I want to take a very small home equity loan out ($5,000), but it may not be worth it if my tax bill goes up 50%.

2007-08-10 04:46:00 · 1 answers · asked by Rossonero NorCal SFECU 7

Is it legal to charge residents 25.00 a day everyday that a tenant is late paying their rent?!

2007-08-10 04:08:06 · 10 answers · asked by kristin_jobe2002 1