Renting & Real Estate - October 2007

I walk and bicycle around most of the time.That's all I've got.

2007-10-25 09:17:22 · 10 answers · asked by Kenneth George Houdek 3

Recently had a client close and the title company (at first, they later provided a HUD-1 statement also) was using a "master settlement statement". They stated that in a cash sale it was not necessary to use a HUD-1. Neither myself (5 years as a REALTOR) nor the listing agent (14 years as a REALTOR, currently a principle broker) had ever seen one of these "master settlement statements". My question is (I couldn't decipher from HUDs website the answer) does RESPA require a HUD-1 for ALL real estate transactions (I'm in VA, but state doesn't matter since RESPA is a federal regulation).

2007-10-25 09:09:43 · 3 answers · asked by DP1980 2

2007-10-25 08:59:24 · 3 answers · asked by Anonymous

My husband has been told he could be "re-organised" in March. We have just starting buying a new house. Do the mortgage company need to know? How does it affect us? Do I need to tell them anything? Or is the fact that it won't happen till March a factor?

2007-10-25 08:45:56 · 4 answers · asked by kazza68uk 3

I'm getting ready to turn my house into a rental property, will I have to update my fusebox to a circuit breaker?

Will the inspector make me replace the unit, or are fuseboxes still code?

Thanks.

2007-10-25 08:19:12 · 6 answers · asked by rulkiewicz 2

I don't quite understand these terms on my contract, can someone please explain it in an easy way:

Unless otherwise prohibited by applicable state law, and management mutually agrees, the Resident may terminate this agreement before the expiration of the original term by:

Paying a lease termination fee of $REMAINDER OF LEASE TERM, such amount being paid by resident as additional consideration to management return for the relinquishment and release by management of any claim it might have against resident for the balance of the rent due under the lease. THis fee is also due to landlord/management should a tenant "skip". or not give a formal 30 day notice.


What does this mean?? I would like to terminate my contract in January, while my actual contract actually is still until the July of next year. Does this mean that I still have to pay the rent from February to July even though I am not living there anymore??

2007-10-25 08:07:05 · 9 answers · asked by ? 1

Will the banks AND the broker both bring up a credit report? If you were dealing with several banks offers over a period of 3 months, wouldn't that be extra inquiries on your report that could hurt you score?

2007-10-25 08:04:15 · 7 answers · asked by jinxies 2

If the realtor knows that the property has a history of being haunted or of being suspected to be haunted, then do they have to tell if you ask?

2007-10-25 08:03:38 · 7 answers · asked by JP74 2

2007-10-25 08:03:28 · 5 answers · asked by Anonymous

I didn't think we would have to put any money down at all and any down payment is between me and my mortgage broker. The thing is, he's putting a ton of pressure on us. He claims if we don't, we could lose out on the house, but I'm not really afraid of that because everyone in the area we're looking is very desperate to sell. So if these people say no, there's other properties to make offers to. What should we do? We could get the 10K together, I just don't want it tied up like that.

2007-10-25 07:57:20 · 8 answers · asked by newto413 2

2007-10-25 07:54:41 · 3 answers · asked by Ellen-Alex A 1

I was looking to try to find information on a foreclosed home going up for auction, speciafically in Walton county. I've contacted the mortgage company who told me what attorney to call, I did but the lady I talked to acted like I was just getting on her nerves. The mortgage co. told me if it does not sell at auction I could then make a bid on it. The attorney's office told me it will sell either to a 3rd party or back to the mortgage co, so I said then I could contact the mortgage company again? Her response was no. After telling me it will sell regardless at auction, to call her company back the day after auction to see if it sold. Seriously I can't be the only one to ever ask these questions, but everyone I talk to does not seem to have a clue?

2007-10-25 07:51:36 · 2 answers · asked by gotmyownmail 1

Looking for an attorney in Portland Oregon to help with these and more questions concerning this issue

2007-10-25 07:42:50 · 5 answers · asked by noname0174 1

I have quite a bit of equity in my house, but I need to move. Since the market is softer than an ice cream bar on a Phoenix sidewalk in August, our realtor suggested I put the place up for rent for a year and try again when things recover. Meanwhile, I kinda need the 100K+ I have in the house, so I was thinking of taking my lender up on those weekly offers I get about cashing out equity (second mortgage). Now, at the time I signed the first set of papers, it was owner-occupied. While signing for the second, it'll also be owner-occupied -- although that is bound to change shortly after. Will this come back and bite me in any way? It seems like it'll be no big deal as long as I make the payments, but what if I get in accident, lose my job etc. and end up foreclosing in say 9 months? Just trying to run worst-case scenarios ahead of time, so any input is appreciated. I'm in WA by the way.

2007-10-25 07:40:47 · 4 answers · asked by Bellevue Bob 1

2007-10-25 07:31:10 · 3 answers · asked by valerie p 1

in my property ? He owes rent too. I heard it is very difficult to do so because he claims dissability (on SSI).

2007-10-25 07:28:14 · 13 answers · asked by Riccardo 2

We have made on offer on a home that is in the process of foreclosure. The Selling agent ordered a HUD1 statement and supposedly submitted to the lenders. The property has a 1st and 2nd. How long should we reasonabley expect until the bank gets back to us/them. How do we know the selling agent really submitted the offer to the banks. It has already been 7 business days (not including sat & sun) offer is 17% below perceived market value.

2007-10-25 07:21:18 · 7 answers · asked by Anonymous

I want to explore something new.. I have been in sales for awhile and my Mom and I would like too team up and try real estate. Have any tips???

2007-10-25 07:08:44 · 5 answers · asked by igotyou888888 3

But we have to pay half of the mortgage. We have trouble paying and were planning to just file bankrupcy.Is it a good idea?Its hard to sell those property now a days in Tampa.Anyway we also own a townhouse were we leave is that gonna be affected?How many years our name gonna clear up? Who do we need to talk?I dont want to do this.

2007-10-25 07:07:46 · 6 answers · asked by shebang 1

I am planning to refinance my house. I have a good credit history. Last time, I checked my credit history, it said, mine is better than 92% of the population. This is my first home. Originally when I purchased my home, the builder convinced me to get the loan from their own lender. It was a big mistake. Now I am trying to re-finance and I do not want to make any mistakes. Can you suggest some good lenders with best rates and no hidden fees? Any advice would be appreciated. I live in FL.

2007-10-25 06:42:28 · 5 answers · asked by KB 2

I recently got engaged October 19, my finace and I started house looking, just to look around. We didnt think we would find anything or want anything so soon. (our Wedding is not until June) But we found a house what we absoltuely adore!! Both of us! We love everything about it! and the monthly payments will be within our budget! (Thank goodness!) My finaces mom is best friends with the owner of local banks, he has promised us a loan for the house, but we need $5000. down payment. Which would not take forever for us to save $5000. But we both love the house so much that we are afraid someone is going to have the chance to buy it before we do!!
Any advice at all is appreciated! we are in a pickle and not sure what to do about it!
here is the link to the beautiful house!

http://www.century21.com/buy/property_detail.aspx?teasers=property-detail-all+Property+Detail+with+Pictures+and+Tour&tr_key=33856677&bSite=N&City=Ashland&State=KY&PriceMin=100000&PriceMax=150000

2007-10-25 06:38:57 · 12 answers · asked by britt 4

Less than a week after we signed the agreement my husband and I separated. We signed the agreement the 1st week of October for a start date of November 1st. The landlord re rented the unit to begin on November 15th. Because she advertised on Craigslist there is no advertising fee that I would be responsible for. I agreed to pay the rent so that she wasn't out anything until the new tenants moved in. Rent is $2200.00 a month I paid $1,100.00 until the 15th. She kept another $1,100 which was a security deposit. I paid her for all that she is out and don't think its fair that she is trying to profit from this. The new tenants will also be paying a security deposit. The deposit would have to be returned to me anyways provided I kept the unit clean. Since I am not even moving in, Can the landlord do this?

2007-10-25 05:53:28 · 7 answers · asked by Laura F 1

I've painted, refloored, staged, showed, written ads, adjusted prices, advertised myself even!! She hasn't spent a dime on advertising. Now I'm trying to get creative with helping sellers with closing costs/points, I write to her, she ignores me until I trap her on the phone. I know I'm screwed with the mafia MLS system, and I signed a 6 month contract (which I can revoke but it'll create a lot of trouble) but WTF??? Why can't I sue her and her broker for being the lazy-asses they are (after a sale)---they don't deserve anything for any work. I've sold a house myself before, the contracts are not hard, 10 minutes tops to fill everything out, went through closing without a hitch, that house was $700,000. The MLS mafia is just too tight in certain geographic areas to fsbo all houses.

Has anyone ever sued for incompetency or failure to perform? I know a contract is a contract, but there's got to be qualifications.

2007-10-25 05:20:37 · 9 answers · asked by SQD 2

I have just recieved a bill for water rates but from what I understood in my tenacy agreement my landlord is liable,what does this section mean to you:-

Additional rent in respect of water and other rates and charges in the nature of rates levied on the premises are borne by the landlord.

2007-10-25 05:17:57 · 11 answers · asked by candyfloss 5

2007-10-25 04:52:11 · 5 answers · asked by april w 1

I am really tight financially and can't decide whether I should sell my house and move to a rental or not. I purchased the house 2 years ago after a divorce. I am so strapped I can't see straight. I already work full-time and part-time. Any advice would be greatly appreciated. Note: In my community, rent would only be about $100-$200 less than my current house payment. Of course, part of the time, utilities would be included in rent.

Thank you!!!

2007-10-25 04:44:24 · 5 answers · asked by Snow 1

It is in the divorce decree that she owes me money, but she said she needs this quit- deed signed first, In the decree it said she would refinance the house to pay me instead she got remarried in 3 weeks after the divorce and is selling the house. I dont have money to hire an atttorney again, does anyone out their know for sure what I should do to get my money, should I sign it ?

2007-10-25 04:33:50 · 10 answers · asked by be real 1

Me and my husband of 10 years would like nothing more that to buy a home. We have 2 boys, ages 13 and 1. Our dream is to buy a home. Our credit is bith not good, mine 595 and his 587. I have been trying 2 years to clean them up. When you are young you do not think aboutthings like this but we are in our 30's and it DOES matter a lot. We are sick of living in an apartment. I want a yard, I want to be able to paint and change things. It has been my dream for awhile now. We can afford up to $950.00 house payment, although we have nothing down...as we are a working family of 2. We pay our bills now comfortabley but are not able to save much. Can someone please help us get to someone who will not turn their noses up or look down on us and really and truely cares about our dream?
Thanks

2007-10-25 04:31:45 · 4 answers · asked by Sylvia Brown 2

The purchase price was $80,000

2007-10-25 04:24:20 · 11 answers · asked by nurse2011 2

I have a questions regarding the submission of an offer on a home. I want to make an offer with a deposit. When is the deposit, cashed in? when the offer is accepted? when escrow opens? any help would be greatly appreaciated thanks.

2007-10-25 04:07:54 · 4 answers · asked by explicted1 1