Renting & Real Estate - September 2007

Or does the house have to be zoned as commercial?

2007-09-12 13:16:25 · 8 answers · asked by Ebony R 1

2007-09-12 12:45:48 · 4 answers · asked by BingoBanggoBongo 1

I took at 80%/20% loan to get into my first house. 5 year fixed ARM (4.5%) and equity line for the 20% @ 10% (adjustable). I have never missed a payment on either of these loans over the 3+ years. I would like to turn this loan into a loan to eliminate the equity line. Initial loan was 200k, I currently owe 190k on the loan.

Can I do this without putting cash down (20%)? I do not have 20-40k to put on this refinance loan as my wife and I each are full time employees and full-time graduate students. What options are there out there?

2007-09-12 12:45:33 · 2 answers · asked by JB 1

2007-09-12 11:46:00 · 5 answers · asked by ? 6

How does the whole owner to owner house sale work? Will i need a broker company?

2007-09-12 11:36:48 · 4 answers · asked by WebSurfer 1

2007-09-12 11:07:18 · 12 answers · asked by Carmoon 2

30% Fixed @ 6.5% for 95% single loan of 251,145 w/ PMI. average score is 750. Locked two weeks ago. Is this a good deal or bad deal.

2007-09-12 11:02:54 · 12 answers · asked by Ryan 2

We recently bought a brand new condo with 800 square feet in NJ. After moving in for 6 weeks, we were informed by our lawyer that the square footage calculations previously provided to us were incorrect and according to the corrected calculations, my unit now is actually 780 square feet. From the start, we were not only informed by the seller’s realtor, the owner of the building, but also the appraiser hired by the mortgage company that it has 800 square feet. We feel we were mislead. If I knew the condo was smaller, I would have adjusted my offer price accordingly.

We talked to our lawyer and he said that we don’t have a case because the master deed somehow has the correct square feet. Is there anything I can do now? It's unethical and unfair to first home buyer like us. Please give me some suggestions. Thanks.

2007-09-12 10:58:37 · 12 answers · asked by Sara 1

I bought my home with no money down:
1st mortgage 270K at 5.375%
2nd mortgage 93M at 8.625

Can i refinance the second without refinancing the first?
How can I do that?

It seems a lot of places won't just refinance the 2nd alone.

Thanks!

2007-09-12 10:43:55 · 9 answers · asked by frdsgt 2

I just moved to an apartment and we had to pay $400.00 a month for our dog. $200 is a security deposit and $200 is a sanitation deposit. Puld I have to pay $20 extra a month for rent. I don't get ANY of it back when I leave. I am a nice person and always pick up after my dog but since I am paying $200 for sanitation, shouldnt they have to clean up after her?

2007-09-12 10:29:54 · 11 answers · asked by Baby Girl Rylin 5/3/08 4

I am single and would like to find a property within reasonable distance of charlotte. I would like to keep my expencis as low as possible, but the house should be liveable, or close to liveable. I am equipped to renovate, and repair as needed.

2007-09-12 10:15:45 · 4 answers · asked by Mark Jln 1

We had this planned for a couple years and we tried to sell the house two years ago when I was pregnant, took it off to have the baby, tried to sell it again then I got pregnant again, took it off the market and need to try to sell it again. Is there an easier way to sell a house, or rent or something? My husband has a job with the USPS so he will transfer, no worries on the job front. Any advice would be appreciated...

2007-09-12 09:57:16 · 3 answers · asked by Pashta 4

I am currently trying to refinance one of my properties.The problem is that my credit score plumitted because I am behind on payments(I have a variable interest rate & noone is currently renting my home).My payment keeps going up & I'm afraid I won't catch up!!!They tell me because of my score I would only qualify for a hard money loan & on top of that I cannot cash out.I've heard these loans are VERY high risk.Are they trying to srew my over.What do I do??My payment keeps going up,I need to cash out so I can pay for backed up bills.They tell me the only program that can give me a low monthly payment that is fixed is Option 1.Please give me your opinion.Thanks people I appreciate the help!!

2007-09-12 09:43:47 · 8 answers · asked by klueless 3

Ok guys I’d really appreciate your thoughts on this.
I’m looking to rent an apartment. The letting agent needs a work reference before she can let it to me. I have been working for the past year and at the moment I’m using the last of my holidays as I’ve just finished up with my job. For the next year I want to dedicate myself to writing a novel. It will be my first and I have planned for this by saving up more than enough to cover the rent for at least the forthcoming year. The problem is, I don’t want to tell the letting agent this as I don’t think she would let the apt. to me if I I’m not currently in (paid) employment. i don’t think I could ask my employer to say I’m still working with them given that I will be finished up with them in a few days.

So should I just forge the work reference? The agent just wants an email from my boss saying that I’m in ‘gainful employment’. Can’t I just write that myself? Here’s the plan: (please go to part 2 of the question)...

2007-09-12 09:28:25 · 3 answers · asked by ylanger ylanger 3

We put a higher bid in on a house than the other offer they had. We were with a different realty company than the seller's. The other offer they already had was with the seller's company. They told us our offer was better, and went with the other offer AFTER the other offer upped their dollar figure to JUST above ours, though we were not allowed to put in another offer to beat theirs. Why wouldn't you want a bidding war to get the most for your house, and is it legal or ethical for that to happen the way it did?

2007-09-12 09:16:37 · 6 answers · asked by Valentinebaby 2

As I have mentioned before my dad owns the house I live in and I pay him rent so he is also my landlord, now I know that since I am an adult as far as the Father/Daughter thing I have every right to not show him my house hold bills, but what about as far as Tennant/Landlord? Since he owns the house do I have to show him my bills if he asks to see them?

2007-09-12 09:06:38 · 4 answers · asked by pumpkin2 1

2007-09-12 08:46:19 · 8 answers · asked by reflections 1

His credit is good and my credit is not so good. should I just let the morgage be under his name and add my name in later, or the two income would be better? if I add my name in later would that affect the morgage rate or anything?

2007-09-12 08:42:57 · 10 answers · asked by Anonymous

This is the first time buying a house. I was wondering do different lenders have different payment set ups, or do they all go by the same "rules" For instance, i got a quote on a house its 80,000 and my payments would be 730 a month for that lender. Would it be the same no matter what lender i go to. Also,Could someone explain all the important details i would need to pay attention to and any extra help. Thanks

2007-09-12 08:33:21 · 10 answers · asked by mtsoccerx 2

I own a home that i currently rent out. I prefer to sell my home to an investor however since there isn't a great profit to be made by renting investors have offered me to "take over the payments". They put it into a trust account and then they say at some point they turn around and sell the house and what ever profit they get. I basically walk away free and clear and not make any profit. Has anyone heard of this? Or is this a scam? They claim that if they don't pay on the mortgage then we both can loose the house. This is what scares me most because I don't want to ruin my credit if they don't pay. A lot of "we buy your home quickly" companies are offering this as an option.

2007-09-12 08:33:13 · 11 answers · asked by B L 1

i have a year lease signed with my tenant, but now i need to move back into my home. can i evict him. he has also broken the lease. he had roommates move in without me knowing about it.

2007-09-12 08:29:14 · 10 answers · asked by sherry c 1

Do they just shut down a business or give them time to grab their stuff and run or do they try to find a common denominator. What happens when a business cannot pay to stay there?

2007-09-12 08:14:47 · 2 answers · asked by shallytally 4

Does a broker give some of his commission to anyone? Im not sure how the process works...the agent get 6% and splits it with the company, and then has to split the rest with the broker? What does a broker do and how do they make money??? Any info would help, Thanks!!!

2007-09-12 07:45:36 · 7 answers · asked by maggiejo717 3

My question is, our deal is nearing the 30 contingency period and the load application is almost approved besides the bank property inspection. However our due diligence uncovered some soil contamination and we might break the deal? Do we still have to pay for the loan application, appraisal, or anything having to do with the loan? I mean basically,we waisted their time....

2007-09-12 06:57:20 · 9 answers · asked by Chris R 1

as an owner of a Condo, do you really own the land on which your home is built? how often do they increase the maintenance fee?

2007-09-12 06:43:54 · 11 answers · asked by di_cassano 4

2007-09-12 06:20:01 · 6 answers · asked by jacnjill 1

Okay, so if you look at my questions, you can tell, we all hate my landlord. Anyway. He intends on raising rent $200 - $400 within the next 2-3 months I am hearing. Anyhow, I reserached the laws in California and it said that IF the increase is MORE than 10% of the LOWEST rent paid in the last 12 months, then he has to give us 60 days notice.Well, 10% of $1200 IS $120 so yea, his intended increase IS MORE than $120. Am I right? He is telling everyone that he only has to give a 30 day notice?? WTF?

2007-09-12 06:13:59 · 15 answers · asked by A hardworking American 2

I live in Texas. My roommate is moving out this friday, our lease is up in March 2008. He is moving out because I caught him stealing from me and confronted him about it (he denied it in the face of blatant evidence). I didn't even ask him to move out, he came up with that on his own because we aren't "getting along". He is going to continue to pay rent until the lease expires, but does not want to pay any more utilities. The cable is in my name, the electric in his and the water/ trash in both of our names. I am canceling the cable and he said he is canceling the electric bill and I need to get one in my name. I signed up for a 13 month lease with bills split evenly between the two of us. I understand he feels he doesn't have to pay because he will no longer be there, but why should I have to pay more for his choice? I don't think I can afford the extra bills. Is he in any way legally bound to half of the electric/ water bills?

2007-09-12 05:36:45 · 6 answers · asked by Robbie 1

I am selling my house for cash to an investor.There is a small 15k loan on the house.This means the bank will be involved in the transaction.
The investor is doing most/all of the paperwork.
Should I hire a lawyer to check all the paper work?
Or as long as the cashiers check has the right numbers on it will I be ok?
My thinking is I DO NOT need an attorney because the bank will be watching its own interests, therefore unintentionally watching mine as well.

What do you think Yahoo's?

2007-09-12 05:17:14 · 10 answers · asked by LostKoss 1

In all this national talk about foreclosures, does anyone with a legal background know what happens to the homeowners if the bank short sells the property for a lot less than is owed on it because there are no buyers. Suppose there are just NO buyers and the bank forecloses on a house that is appraised at $500K but there is a $350K loan on it. But even with such a large discount the bank still can't sell the property for $350K and instead sells it for $275K. Does it still attempt to collect the difference from the original homeowner -- after all, it's not the homeowner's fault that the bank took a bad offer b/c it was unwilling to wait for a better one.

2007-09-12 04:56:58 · 12 answers · asked by curious shopper 1