Renting & Real Estate - September 2007

I see it on TV, info Mercial at night. I know that you can buy properties very tax sales, but has anyone had experience with john Beck, either good or bad?

2007-09-19 22:22:55 · 3 answers · asked by Anonymous

Due to market conditions our home is undervalued. It's not a huge concern right now b/c I won't need to refinance for another 3 years. But if this were 3 years from now I think I'd be screwed. Hypothetically, If I have a mortgage of 300k and the house is only valued at 250k (based on comps, recent sales, etc.) , what happens when it is time to refinance? Even if the bank will fund 100% of the value (250k) what options will I have on the other 50k? This is keeping me up at night.

2007-09-19 21:37:02 · 6 answers · asked by bigboatguy 1

Long story short; a fence behind my apartments was damaged and my landlord sent me a bill for $270. I am not responsible for the repairs because neither I, nor my children did the damage. On more than one occasion, I saw a kid from the neighborhood kick the fence boards down to "cut through the neighborhood", and I told my landlord that I would give the name and phone number of the kid who did it, but that I will not pay for it. So, yesterday in the mail I got a 3 day notice to pay my rent or move out. I did pay my rent, as always, but it seems as though my landlord applied a portion of my rent to the fence bill. Is it legal for them to do that?

2007-09-19 20:41:36 · 11 answers · asked by blublond1 1

2007-09-19 18:58:37 · 2 answers · asked by lokoyi7 1

I have been offerdd acontract to work in the Kingdom of saudi arabia the contractor will only pay the fare after i arrive 75% and the other 25% after the probationary period. Should i accept these conditions

2007-09-19 18:44:06 · 6 answers · asked by declan s 1

is it long???? for a e-4?

2007-09-19 18:25:04 · 1 answers · asked by Anonymous

I'm considering buying a condo in Lake Tahoe. The CC&R contains the phrase that the use of individual Lots in the properties is hereby restricted to Single Family Residential Use. In no event shall a residence be occupied by more individuals than permitted by applicable zoning laws or governmental regulations.

Does this mean I cannot use the condo in a vacation rental program? Aren't a lot of single family homes in Tahoe in vacation rental program? Does it mean that I cannot put more people than allowed in the zoning law or that I cannot rent it out at all as a vacation rental?

Thanks

Keith

2007-09-19 18:21:54 · 7 answers · asked by Keith 1

I heard he lives in Henderson, Nevada, but is there anything more specific?

2007-09-19 18:01:44 · 2 answers · asked by Anonymous

Hello, I'm considering buying a condo which is being sold as a TIC, but somewhat better because I can get a fractional loan. BUT, I'm wondering that when it becomes time to sell, will I be able to sell the unit at market price?

2007-09-19 17:44:35 · 1 answers · asked by elenafran9 1

2007-09-19 17:34:53 · 4 answers · asked by Anonymous

Ok well im not buying a home literally, but im looking for one, for my wife and i, right now its impossible for us to buy a home, because i dont work, although our credit is good, close to excellent actually, i just want to know with too much jargon, what is actually involved in buying a house, i understand about bank mortgages and good rates, approval, pre approval etc. But, what should i look for in buying a home, in terms of foreclosed homes, auctions etc, im looking for a home where it doesnt have to be in perfect condition, but i dont want it to fall down in 10 years time,where should i be looking for that? also as far as realtors, inspectors, surveyors go, what is there job?, are they nessesary when buying a home? Im a first time home buyer,(well will be) so any other info i can be given that i haven mentions im probably not aware about so i be grateful for all your advise and experiences, Thankyou!

2007-09-19 17:12:04 · 8 answers · asked by JD 3

... and can i still get a low mortgage rate like a person who has good credit? Can use the equity in home that will be gained upon purchasing it (i am get'n a 200k home for 150k)? can the seller somehow contribute to my down payment- if they wanted to help me buy their home (ie: equity sharing arrangement)?

2007-09-19 16:59:04 · 8 answers · asked by cyruswendydevo 1

OK HERES THE THING I MOVED IN THIS APARTMENT ABOUT 3 MOS AGO...I HAD NO CHOICE MY APTS B4 THAT WERE GONNA GET TORE DOWN SO I HAD ONE WEEK TO LOOK FOR A NEW PLACE AND THIS WAS MY LAST RESORT :( ND I HATE THIS PLACE....MY LIVING ROOM SMELLS....IT WONT GO AWAY MY CARPET IS OLD ND THERES LITTLE CATAPILARS CRAWING AROUND (GROSS) I HATE THIS PLACE SO MUCH AND I JUST WANNA MOVE TO SOME BETTER LOOKING PLACE WHERE I PAY FOR WHAT IM GETTING!!! I PAY TOO MUCH FOR THIS CRAPPY APT LONG STORY SHORT I WANNA BREAK MY LEASE WITHOUT IT GOING BAD ON MY CREDIT! PLEASE HELP!!

2007-09-19 16:58:45 · 5 answers · asked by patricia111400 1

I am excited about the Govt's recent activity to save my home fron recession....It would be easy to be the Fed chairman job..all you have to do is move rates lower when the economy looks flat lined and raise them while everything is going great. Anyway, now that the Govt has dropped the interest rate by a half percent, how long will it take until it gets easy again to refinance and lower the mortgage payment? I think the good days are back and homes should start building equity again. it should also be easy to get credit cards now that homes will shoot back up. Can I get some equity money at cheap rates going forward? After all, if the banks get loans for less cost, then we can expect this rate cut automatically...I can't wait, I want to shop til I drop and will put the goods on my CCard so I can pay later., I love free/cheap money!...lots of deals still out there.

2007-09-19 16:10:51 · 8 answers · asked by -* 4

2007-09-19 16:10:40 · 4 answers · asked by Anonymous

and he will pay me 10,000 US dollars, just until they fix the house, supposedly they will pay the mortgage until they sell the home , i wanna know if anyone has heard of anything similiar, or is it a scam.

2007-09-19 15:25:43 · 13 answers · asked by Rossy 3

I bough a house two years ago as an investment. The house was purchased for $310,000. I gave a $35,000 down payment. Now two years later I owe $290,000 (neg amortized loan) and the current market value of the house is about $275,000. I refinanced to an interest only loan so at least the property is no longer being negatively amortized.

What are my best options in reducing my loss?

Thank you for your time and advice.

2007-09-19 15:19:28 · 14 answers · asked by ANyone but you 2

Fiance owns a home that has been for sale w/ a reputable realtor for over a year. I own a home-in my name only. If house doesn't sell in another 6 months, he's going to have to foreclose. We will be married by then. If we have seperate bank accounts and my home is in my name only, as a result of the foreclosure, can his mortgage lender put a lien on my house or do anything to my bank accounts? Thank you.

2007-09-19 14:35:44 · 2 answers · asked by Ohio Girl 2

Ok, I am buying a house. I was told today that there was some repairs on the house that needed to be done before I could close. I WAS supposed to close on Monday the 24th. It is a rural development loan. So they require the repairs to be made. My mortgage lender told me she was going to contact Rural Development and see if they could loan me more. The house was appraised at 5000 more than what I am buying it for. Will Rural Development do this? Anyone?

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2007-09-19 14:21:40 · 2 answers · asked by Sheena E 1

My fiance and I rent a house with Real Property Management but were recently told they are not going to be managing the property anymore. The owner has called to explain that I do need to sign a lease continuance, however want to know if there is a way to get out of the contract and get my deposit back. As much as we love the house, we both started new jobs that just make the house seem so far away and we believe that since we signed the lease with Real Property Management and they are no longer going to be the management company associated with the property, we should be able to get out of the lease. What if we signed the lease because we liked the company and the agent? We are ignorant on the subject and would like an answer as soon as possible. Thanks.

2007-09-19 14:02:41 · 2 answers · asked by Ian H 1

I have made the decision to save my money and eventually buy my own mobile home instead of renting. What price range should I shoot for when shopping for a mobile home? Are there any good websites out there?

Thanks :)

2007-09-19 13:52:31 · 8 answers · asked by inquisitive_grl 1

We are renting a home from my in-laws. We are looking into taking the loan out of their names and putting it into my husband's. I have bad credit from a divorce. My husband has excellent credit. I am worried that my bad credit will hurt the chances of the loan being approved.

2007-09-19 11:32:26 · 7 answers · asked by Praying for a 2009 Miracle 2

gain and what is the percent of the penalty ?

2007-09-19 11:26:17 · 8 answers · asked by ronianne3 1

The home insurance was sent to me in June. I lost it. In September, I refinance the house and call the property manager to request a copy of it. She refuses to provide me one and said that it's her rule. She only gives the copy to lender, appraiser, but not me: the home owner. What should I do? Is she a dictator or am I asking too much?

2007-09-19 11:20:49 · 7 answers · asked by ttkh 1

so i can get the heck out of that place!

2007-09-19 10:50:56 · 5 answers · asked by Tireless 2

Now that the market is out of whack, I am guessing that lenders are going to make touger requirements for giving mortgages. I want to buy a house in 6-8 months. Right now I have about $2000 a month to either save for a house or pay credit cards. My debts including school loans are at $15,000 so it should be paid off after 8 months or so. My monthly minimum payments for these debts are $150.
Many of the house mortgages want a down payment rather than 100% financing. 5% down payment of the place we would want is $17,500.
So is it pay down debt or save for the house?

By the way, the lenders I have been talking to don't look at my entire debt. They consider my monthly minimum payments when computing ratios.

2007-09-19 10:49:35 · 14 answers · asked by Anonymous

Here is the story. 23 days ago, someone booked my apartment to rent it for 2 weeks. Every other customers could see since 23 days that my apartment was not available for 2 weeks at the date they chose. They paid me for the 2 weeks then, at their second night, they told me that they want to stay only 1 week and they want that I refund them the second week. We didn't sign a contract (only one for the deposit). The problem is that during 23 days, I could have booked the apartment with other people for their second week. So what should I do? They ask me to refund their second week.

2007-09-19 10:46:01 · 5 answers · asked by Kitkat 1

Does anybody can help and explain what does it mean: "Seller Finance (No money from you) we pay you the interest and the principal" and what is the lease/rent to buy. Thank you

2007-09-19 10:39:52 · 4 answers · asked by angel 2

I will be soon in the market to buy my first house in the next 6 months. I can either try for a 30 year mortgage for 6% or a 40 year one for 7%. My wife and I are newly out of college and are looking for a house that is about $350,000 in our area in CA. Right now according to calculators, we qualify for a house that costs $240,000. Problem is that even crack houses cost more than that!
So I see that most of the first few years of payments go towards interest so after 5 years, if I decide to move, I won't really have that much equity built up.
Let's say that by going to the 40 year mortgage, I am able to save $100 a month on my payment. If I kept applying that $100 monthly savings towards principal, will I build equity quicker?
It will also be tougher for us making payments now but in a few years when our careers advance, things will get better.
Good idea? Any calculator anyone recommends?

2007-09-19 10:31:42 · 6 answers · asked by Anonymous

i want the average cost to rent a HOUSE, not an APARTMENT, please.
thanks!!

2007-09-19 10:25:57 · 12 answers · asked by Anonymous