Renting & Real Estate - August 2007

I am 21 years old and i am trying to buy my first home. I keep hearing about the housing market in the news but i don't understand much of the terminology. Is it a good time or a bad time to take out a mortgage?

2007-08-30 08:26:02 · 8 answers · asked by stretch 2

is it more like a share apartment or like a shelter or hotel ? i really have no picture to it.

2007-08-30 08:19:18 · 7 answers · asked by eve 1

I'm not sure how to begin the letter, does anyone have any suggestions or tips?

2007-08-30 08:09:45 · 4 answers · asked by Anonymous

When a person annual income is 20k or so and he is qualified to buy a $500 home! I don't see that person suffering back then when he made the purchase. Its all about greed and America and its money making machine that went south. I don't feel sorry for any of these people since they know what they were getting into.

2007-08-30 07:58:02 · 8 answers · asked by Mark 4

2007-08-30 07:54:54 · 8 answers · asked by justplainlisa1 1

I rented a house from a guy and come to find out he wasnt even the owner. Can i sue him for damages and my money?

2007-08-30 07:37:33 · 6 answers · asked by carol c 2

I recenlty got married and am in the process of changing my name. I bought a house with my fiance prior to getting married. The deed is in my maiden name and his name. The mortgage is in only my name and I just changed it to my new married name. That leaves the deed. Do I need to change the deed to reflect my married name since the mortgage is now in my married name?

2007-08-30 07:36:48 · 5 answers · asked by Laura L 1

My husband & I moved to Virginia less than a year ago to a small apartment. We are looking to buy our first home when our lease was up but were told by some friends that if you relocate to Virginia & find a home to purchase within your first year you can get out of your rental agreement.
Is this true & if so what are the requirements other than purchasing in the first year?

Any help is appreciated.

2007-08-30 07:33:33 · 2 answers · asked by Mrs. V 3

so what I want to do,is sell them a junk car for the price I want for the house,,,then give them the house,I called my congerssman and was told there are no laws on the books for this.......that way the buyer won't have to pay high property taxes

2007-08-30 07:23:50 · 7 answers · asked by Anonymous

I'm working with a mortgage broker, he states the 100% financing must include a seller's concession and if the seller does not agree on it, we must come out of pocket for the closing cost. Is this true?????

What's included in the 100% financing. What are the guidelines? Is the closing cost included?

Thanks for your assistance.

2007-08-30 07:16:13 · 4 answers · asked by Nancy Rodriguez 2

so i saw this ad for Real estate on tv..
sum bs about regular American that make about $30,000 for a house they sell.
It's some program with cd's and books and other stupid stuff
It's like $30.00
and you have to attend meetings or w/e..
Does this really work?
THEY Show you secrets of Real Estate on how to get rich ..
i think it's a bunch of bs

but i still have doubts..DOES IT REALLY WORK?


Seriously???

2007-08-30 07:05:03 · 8 answers · asked by Anonymous

I am interested in a home that is in a great neighborhood but needs some major updating and renovations such as new roof, new heating and air and new windows, in addition, some of the copper plumbing has been stolen in the basement, wow, sounds like a lot, but the house could be a great investment with about 25-30 thousand put into it. The problem Im facing is that it is bank owned. I have been approved for mortgage that of 100 thou, the asking price of the house is 89,900. First questions is according to what I previously mentioned that needs renovated what would you offer, and secondly and most importantly, what is the best way to get a rehab loan in order to do the work. Thank you so much

2007-08-30 06:56:02 · 4 answers · asked by TT 1

Do they hire someone to do those tasks?

2007-08-30 06:35:56 · 3 answers · asked by Anonymous

Then do I just go up to the court and file it.

2007-08-30 06:25:46 · 3 answers · asked by ? 6

My brother bought a house with his now ex wife. They divorced and at the same time his adjustable rate mortgage increased his payments. He tried selling his house, but he'd taken out a personal loan for some home improvements. Because the sale wouldn't cover the loan, they wouldn't let him sell.
My brother has since moved 3 hours away and has basically been letting his house be in default.
Do you think this is a feasible solution - my brother makes an arrangement with the lenders to take care of the arrears, either by entending the term of his loan or paying more money on his mortgage every month. We find someone to rent his house. If there's any deficiency between his mortgage payment and the rent, I'll pay that so his mortgage is paid on time every month.
I don't want his credit to be ruined. Do you see any down falls? I can afford his mortgage payment with no tennant on top of my own, so that's not an issue if the place didn't rent out very quickly.

2007-08-30 06:00:04 · 13 answers · asked by Roland'sMommy 6

I want to sell a 1982 Mobile home. It's a 12 x 68. It's basically completely gutted out. Nothing left in there. It pretty much needs to be completely redone on the inside, but the structure is still good. Outside just needs to be pressure washed. What could I sell it for or is there a website where I can get a general idea of what it's worth?

2007-08-30 05:23:21 · 7 answers · asked by ★ LesbianLucy ★ 3

We signed a whole bunch of papers with intent to buy the house, but we really want to make a more informed decision before purchasing our first home. What do we need to do in regard to the papers we signed, and can we get our earnest money back? We did this just 3 days ago. Thanks.

2007-08-30 05:04:43 · 12 answers · asked by Anonymous

I have overpaid for four years now at 10% interest on a 10 year note..at $24500...............
According to him I owe $16000.........found out that He hasn't even recorded deed into My name.....
Where can Iget a loan for the last $16000...Icould pay it off in 3 years......

2007-08-30 05:04:17 · 4 answers · asked by LIAR-KILLER 2

My grandparents purchased a property which has two mobile homes on it that are rented out. Both of the mobile homes were occupied at the time of purchase. One of the families that rent one of the mobile homes pays on time and keeps the property clean. The other, however never pays rent on time and keeps the property a mess. The lady has a job and also collects disability. I'm not sure how she can do both. But anyways, she says that she can not be evicted and can stay at the property for 3 months before she has to move, which makes no sense to me. The property is in the state of Tennessee. Everywhere that I have lived in Tennessee says that if you don't pay your rent, the landlord can give you an eviction notice and you have 30 days to vacate the property. Is she stating that she doesn't have to vacate for 3 months because she's on disability?

2007-08-30 04:58:37 · 11 answers · asked by Cynthia E 3

I have a friend who lives in northern NJ and his house was foreclosed in May. He wants to stay in the house for as long as he can because he is renting the house and does not have much money since he is in his early 70s and he has 2 daughters in college. They are all trying to save money so they can rent an apartment later on. But right now he is just worried about how much time he has left to live in the house and if there will be any penalties or money that he has to pay. Does anyone know? or what else he can do?

2007-08-30 04:30:32 · 4 answers · asked by Curious Girl 3

....or is it just a bit behind and will soon be in the negative ?

2007-08-30 03:41:40 · 2 answers · asked by idez9 4

So, my fiance and I cant get out of our lease for another 3 months. But, we've already found a new apartment to live in, we are moving in 2 weeks. We are going to continue to pay the current landlord his rent, for the rest of the lease term. We dont want him to charge us for a whole bunch of other things, such as cleaning(which doesnt need to be done), advertising( which is expensive), etc. So, we are going to pretend like I left my fiance and he's living in the old apartment alone. We want to leave as little as possible behind in the old apartment. Is this idea ok as long as we keep the utilities on? Im just afraid that if we are up front with the landlord he's going to try to charge us for all kinds of things, as the lease says he can, and he's not the nicest guy.

2007-08-30 01:44:02 · 9 answers · asked by Anonymous

Ok here is my info.

I make $43,000 a year before taxes. I am single. I have a $325 a motnh car Payment and $156 month Insurance payment.

Home interested in: I put an offer in for $110,000 taxes yearly are $3,112.

Credit score of :795

Can I afford this home and all expenses?

2007-08-30 01:06:19 · 9 answers · asked by Anonymous

I just took a survey about subprime worrys. and 67% of the people feel that the worst is yet to come. How come I think that it has already passsed and we have little to worry about?

hmmm.....

2007-08-30 00:52:11 · 8 answers · asked by Anonymous

2007-08-29 23:06:27 · 9 answers · asked by craigk75 1

2007-08-29 23:05:19 · 3 answers · asked by craigk75 1

or the corporate housing market.

2007-08-29 20:05:52 · 2 answers · asked by CIndee J 1

I just found out our rental is being forclosed. We have been trying to contact our landlord to ask him what the deal is. We found out because a real estate agent approached us and asked if we were the owner. And thats when he gave us the full details. Should I continue paying rent? What are the CA laws on it. Can he evict us if we don't pay rent?

2007-08-29 18:41:42 · 8 answers · asked by Rachael I 1

okay cali houses are more expensive BUT the houses in seattle alot of them are old! and there selling it for alot!.....
I live in texas and wonder y are house here so cheap?!? is it because theres not a big growing population? i hear the fastest growing places are n. carolina, phoenix, nevada etc.???

2007-08-29 18:11:10 · 3 answers · asked by Anonymous

i'm renting for 2 months already, just a small room..$500/mo..when i moved, the LL asked me for $1000(payment for 1 month and a deposit)..i decided to move state this october..i'm planning to leave the house by the end of september..the question, will the deposit cover my last month stay? The LL didn't tell me that it is a security deposit or something and we don't have any contract..thanks for the help..

2007-08-29 17:12:40 · 3 answers · asked by wheels7 1