Renting & Real Estate - August 2007

If a bank appraiser told you he would guarantee that the house you were trying to purchase would appraise for your (very) lowball offer if you slipped him $1000 under the table what would you do?

2007-08-28 14:48:27 · 4 answers · asked by wendysorangeblossoms 5

Hi again, loan experts. BTW, I've really appreciated all the many and various answers you've given and have learned so much. Sorry I can't just chose you all as best answers!

Anyways, the Lending Tree guy was trying to tell me to stay away from 80/20's because the interest rate on the "20" or second loan is never locked...meaning it can go up to 12% if the lender so decides. True? False?

2007-08-28 14:19:49 · 6 answers · asked by adrift feline 6

Calling all renters! I have started a new Property Management Company because as a Manager for several years I was always very disappointed with the upper Management.

What has your experience been like with different Management companies. I would love to hear any positive things that you liked and or respected and of course any constructive criticism you can provide.

I am very excited to hear your answers, I am looking forward to building a company that you would enjoy renting with! Thank you,

2007-08-28 14:08:30 · 4 answers · asked by Rosie 4

2007-08-28 13:25:12 · 4 answers · asked by Madmen22 1

I have paid rent for years, how long do I have to get out ? We are all in Florida. I got a notice saying 21 days, even though my rent is paid. Some legal help, please !

Thanks, Homeless Soon !

2007-08-28 12:58:02 · 9 answers · asked by The Advocate 4

My friends and I are planning to get an apartment together next year and split the rent/bills 4 ways. However, only 2 of us will be 18 by that time and the others will be 17.

I'm pretty sure that it'll be fine, because you can always add names onto the lease and such, but should we wait until everyone's 18 to save some paperwork or go for it ASAP?

I guess I'm asking for experience with this subject? We live in Virginia and I just want to know if anyone's ever done something similar or for reasons why they haven't/wouldn't. Thanks to ALL in advance! =)

2007-08-28 12:57:45 · 3 answers · asked by Panda 1

I dont want any portion of my home purchase price to be towards a realtor's commission unless it's being paid by the builder out of their own profit. why would i need a realtor for a new home

2007-08-28 12:46:18 · 7 answers · asked by MM 5

If a property is listed as "buyer to cooperate in 1031 exchange" but I would prefer to purchase outright, is this possible? There is a 4 plex I'd like to buy but I don't want to exchange my current investments. thanks

2007-08-28 12:15:15 · 5 answers · asked by illinoisgirl 1

We need to get 100% financing to buy a new house. We have zero for a down payment & need to finace closing cost as well. Total loan wouldn't be more than 100,000~110,000. We just got this type of loan last year but we need to move & are selling our current house for pay off, just to get the hell out of this neighborhood, so that leaves us with nothing to put down on a new house

2007-08-28 12:07:42 · 9 answers · asked by justaskme 3

Is there a way to protect your property and avoid HOA or creditors from placing lien on your property?

2007-08-28 11:58:24 · 13 answers · asked by animeexplosion2000 1

I was told it was value last month X 0.70= current value.

So if my house was worth $300,000 last month and I multiply that by 0.70 it's current value is $210,000.

Is that correct?

2007-08-28 11:54:05 · 7 answers · asked by Anonymous

A couple who is not married bought a house togther, broke up a over a year ago. One wants to transfer all resposablity of title and motgage to the the other owner who has been living there with out the other party for over a year. This person just wants out of house with no buy out. How would one do this?

2007-08-28 11:53:52 · 3 answers · asked by christine d 1

i called every mortgage company in the phone book and every one said 100% financing but can we buy a house , no. how do you find a company that will truly finance the under dog. my hubby works i do not and with three kids you need a house with more than two bedrooms. does any one have any idea how to do it and not have to pay 10% to 15% down?

2007-08-28 11:38:49 · 15 answers · asked by danigirl1125 1

2007-08-28 11:31:12 · 6 answers · asked by colin050659 6

2007-08-28 11:25:55 · 6 answers · asked by . 3

We moved into our duplex 6 months ago with two dogs(with no deposit).We have 6 more months of our lease to go.The landlord is selling the duplex .If she sells it can the new landlord try to get us to get rid of our two dogs?It's in the lease that we have them would that be breaking the lease?Can they make us give them a pet deposit it's in the lease theres no pet deposit.What will happen if they want us to move before our 6 months is up?This whole thing makes me mad because we told our landlord we wanted to have a place long term and six months is not long term before we even signed the lease.

2007-08-28 11:16:25 · 6 answers · asked by Anonymous

I have been trying to research buying a house, but I am not sure if I could.. Currently I am a college student, who works a stable full time job (I gross $2200/month). I just bought a brand new car a few months back all on my own, so that and insurance are my only large monthly expenses (car alone about $300/month). I also have 3 credit cards, which I have consistently paid over the minimum and have not been late on. So knowing that, would it be possible for me to get financed as a first time home buyer? How much do you think I would be able to get financed for? Also, what may help improve my situtation to make me more likely to be able to purchase a house?

2007-08-28 10:59:52 · 10 answers · asked by dolceserendipity 3

My house is in 5 month default. I moved into a rental. I tried to sale the house unsuccessfully. The realtor suggested I do a short sale. But a lawyer advised me against a short sale, and to go with Ch.13 bankruptcy. The bankruptcy lawyer said that I would have to pay $1500p/mos for 5yrs.

My dilemma is should I go ahead with the ch13, or let the foreclosure continue.

2007-08-28 10:49:01 · 8 answers · asked by Anonymous

Also I have a first mortgage and also an equity line. I still have money on the equity line. If i spend that before I foreclose will I become liable for that money?

2007-08-28 09:53:37 · 6 answers · asked by lifeagent 2

2007-08-28 09:40:24 · 10 answers · asked by talley 1

Hello, I am a 20 year old who was seperated of my parents house because i want to get independent and be with my own for now... So with that said, i am currently finding a job and i am stayin in library to get access on computer. Now im officially homeless on the streets because i dont have enough money to rent apartment. can someone please help me, or steer me in the right direction.

Im in a new area in US and have no friends or family around. and no way in hell would i ever sell my body so thats a definite. I am not relying on anybody for money, i just needed some ideas on how to help myself. I've never been in a situation like this before and im not going to let someone (my parents) tell me who i can be and who to be with. Thus im standing my ground, but paying a penalty. which i think is really sad.

2007-08-28 09:37:04 · 10 answers · asked by Rainier 3

Let's say, a home goes through foreclosure. Its related mortgage was pooled and securitized among thousands of others. Now, the home is for sale. The real estate broker incentive is to set a low price to turnover the property quickly. That's because for a broker time is money.

So, who negotiates the price and protect the fragmented owners interest (MBS investors). Is it the servicer of the mortgage? But, because of his own operating cost he also would have an incentive to sell quickly at a low price. How about the securitization bond trustee. Does the trustee step in and negotiate with the broker what price is deemed acceptable to the MBS investors?

You can see it is kind of a gnarly question. If you have a clear understanding of this process, please educate me.

2007-08-28 09:32:29 · 2 answers · asked by Gaetan 3

My loan penalty will be over in Feb.2008, from fix at 10% for $5292 a month, after that it will be adjustiable rate. I can't refinance for lower rate because of self employed and low credit score. wonder if adjust. will be ok for me? how does adjust. work? We are in Contra Costa, california.

2007-08-28 09:29:21 · 10 answers · asked by stacey b 1

Hi All,

We are moving out end of this month from our old appartment.

We have lived in this rented property for 2.5 yrs and there are some stains left on the carpet and some marks on the walls of the house.

Our landlord is supposed to perform a walk through of the place in a few days and he wrote to us that he expects the place to be in move-in condition.

I was wondering there is expected wear & tear of the carpet in 2.5 yrs, for that are there laws protecting the tenant from that.

What should the landlord expect from us? What should we offer when we talk to him? Can he make us pay for changing the carpet and painting the walls.

2007-08-28 08:41:53 · 3 answers · asked by Anonymous

I am trying to sell my home and my broker/agent will not hold an open house, will not run print ads, and has only got us ONE SHOWING in 2 MONTHS. I am waiting for the contract to expire to get a new agent. My question is will I owe her any money at the end of the contract? Is it customary to pay a listing charge if you decide not to sign an extension of the contract? The contract states "seller shall pay in cash to broker for services a total commission as follows:$1500 listing broker." Doesn't commission mean you sold something??

2007-08-28 08:28:34 · 7 answers · asked by L. T. 2

Hi, I'm trying to hang in there until my penalty is over to refinance in Feb.2008. My question is that with the market being down, wonder if I can refinance for lower rate? My 1st is 598,000 with 10% rate and 2nd $21,000. I just wanted to refinance my 1st. Trying to hang on paying $5292 a month. The problem is that market is down and checking online my house is worth $620,000. Will it even go down in the near future when I can refinance and will that be a problem? Also my credit has gone down because of 1 late mortgage payment, from 650 to 583-610(3 credit score). Also another problem is that my husband is self employed in Oct.2006.
What is my chances to refinance for lower rate in Feb.2008?

2007-08-28 07:39:27 · 5 answers · asked by kaytreya 2

i own a 5 room bedsit can anyone tell me who is liable for the poll tax the tenants that live there or me the landlord

2007-08-28 07:31:59 · 16 answers · asked by phil_mac36 2

We are buying our first home but have hit a snag with the seller...after offering and jumping back and forth over prices she has came down to 41500. and we are saying 40000. I know it's only 1500. difference but she is taking all the appliances with her and the home is only worth 40. I really love this house and I've already started getting ready for the move but my husband will not budge and neither will she. She really wants to sell it due to moving out of state in a few months and getting married. And needs the money for her expenses. But how can we get her to come down? The realtor keeps calling and wondering what we are going to do and we keep telling him we are stuck at 40,000. and that's all we are offering. I really want this house and would hate not to get it over a few thousand. HELP!

2007-08-28 07:17:58 · 6 answers · asked by Kathryn T 2

my fiance and I were in a rush to buy a home beacuse the lease on our apartment was up, and we made the mistake of purchasing a refurbished mobile home and had it moved to a community outside of the city that we work in. with rising gas prices and our son having to stay with his grandparents during the week to get a better education we want to move. but with it being a refurbished home it is faling apart, and no matter how much money we put into it somethings are unfixable because the people who did the refurbishing just pieced the thing together with glue and duct tape and scrap pieces they found laying around. when they moved it in we asked them several times to fix a broken window that they caused when moving it. to this day 7 years later it is still broken. what can we do so that we can get rid of this house but not have it looming over our heads for the next 7-10 years?

2007-08-28 06:52:20 · 15 answers · asked by Anonymous

2007-08-28 06:30:04 · 8 answers · asked by home4joe 1