Renting & Real Estate - October 2007

I borrowed $400,000 in 2006 when my condo was "appraised" for $560,000. The loan balance is currently $405,000, plus I have two more years before a $14,000 preppayment penalty is waived. My carrying costs are too high to continue. Do I have any legal recourse against the lender for "over-apprasing" the value. My condo is now on the market 120 days and I have no buyer despite my asking price being lowered to $450,000

2007-10-23 07:05:07 · 14 answers · asked by Depressed in Connecticut 1

I have complained and complained and complained to no avail. Are there any laws or anybody got an suggestions?

2007-10-23 06:58:32 · 15 answers · asked by Changsmom 1

My credit scores before I purchased my home were 620,650 and 570. At this rate I believe I should've had a better rate than what I got. I'm 100 percent sure that my broker got over on me because his fee is not stated on my HUD form.

2007-10-23 06:54:14 · 7 answers · asked by Neenah 3

Our rent is do on the 1st of november. My husband lost his job and just now got another one at this other place. He started on Monday for his training, but we have NO money at all whatsoever. I'm trying to sell stuff, but we really have nothing to sell. we also have a 5 week old little girl, I don't want to winde up living with someone. We've paid our rent on time every other month, I just don't want our rental history to get messed up. Any ideas on what we could do?

2007-10-23 06:48:24 · 18 answers · asked by Aneres 3

We bought the house together, title is under both of our name (single man and single woman). But her credit is much better than mine so the mortgage was sole under her name. We both pay the mortgage together (with our join account). My question is, will I be able to claim the mortgage interest for my tax deduction? how about property tax? It is very important since we both work and our real estate agent told us that we both can claim it. However, I am not sure if we can trust our agent with that information. Please help~ Thanks

2007-10-23 06:43:00 · 3 answers · asked by bchen521 2

2007-10-23 06:42:32 · 6 answers · asked by Anonymous

2007-10-23 06:37:28 · 4 answers · asked by stposterboy11 1

I live in Denver, Colorado. My husband and I own a condo that has depreciated in value nearly 30% since we purchased it 5 years ago. That said, we would not be able to sell it today without coming to the table with tens of thousands of dollars just to get out from under. However, we are ready to start a family and need a bigger place. We considered renting out the condo for a few years until we could sell it, but we were told by the HOA that the 25% rental restriction has been reached (only 25% of the units are allowed to be rentals, per the HOA declarations). My question is, what would be the implications if we violated the HOA covenant and rented out our condo anyway, despite being over the maximum restriction? Just how powerful are HOAs? Are we looking at fines? Having to kick out the renters? Thanks for your answers.

2007-10-23 06:22:45 · 8 answers · asked by slovesn 1

2007-10-23 06:15:15 · 11 answers · asked by lakafan2 2

Can you include in the mortgage your rent ( from your apt.) for the year so that you can break your lease and purchase a home?

2007-10-23 06:03:43 · 6 answers · asked by Terri24 1

The property has to be in Southern California and the specific expenses I am looking for are taxes, special assessments, insurance, utilities, on-site mgmt, professional mgmt, pool, landscaping, repairs & maintenance, reserves, and misc. If anyone is a broker and knows these that would be great!! Thank you!

2007-10-23 06:03:02 · 5 answers · asked by redetocheer 1

My Grandma wants to transfer a house deed to me, my brother and my mom. 3 people. Ive heard quitclaim? grant? etc... I dont know the details. Thanks!

2007-10-23 05:48:08 · 5 answers · asked by Jay 1

such as structual defect does the buyer have any recourse even though they purchased with a rehibition clause?

2007-10-23 05:23:00 · 6 answers · asked by micheal777 2

it will be used as rental property

2007-10-23 05:13:53 · 9 answers · asked by 420_PimpDoc 2

Is it only when someone is constructing a new home, or only if someone is constructing improvements on their property, or both?

2007-10-23 05:11:08 · 4 answers · asked by Designchc 3

I put an offer in on a house Sunday. It is now Tuesday. My realtor said that the listing agent doesn't answer her calls or call her back. My realtor is very persistent and does a great job, so I know it isn't her. When I got there Sunday to write the offer, another lady was leaving, and I believe she had just written an offer. However she'd have submitted it by yesterday (Monday) so why haven't I gotten my answer yet? My realtor said that putting a time limit on an offer in this market does not work. So there is no time limit. The house is near forclosure, so why are the sellers taking their time? Are they waiting to get more offers in? I offered full asking price, but they are to pay $5,500.00 in seller concessions. I don't think that's a bad offer in this market. Here in MI. the market is really bad. When do you think I should expect a response by? I am getting kind of mad. I want out of this house before it gets cold outside.

2007-10-23 04:56:27 · 6 answers · asked by Olivia 3

We have been renting this place since april and have a one year lease. Yesterday our landlord said he's putting the house up for sale. I feel upset because I don't like the idea of people entering the house while I'm not there. I would have never rented the place if I had to deal with this! Is it legal for him to do this even though our lease isn't up till march?

2007-10-23 04:47:07 · 9 answers · asked by Anonymous

We have been renting this place since april and have a one year lease. Yesterday our landlord said he's putting the house up for sale. I feel upset because I don't like the idea of people entering the house while I'm not there. I would have never rented the place if I had to deal with this! Is it legal for him to do this even though are lease isn't up till march?

2007-10-23 04:45:03 · 28 answers · asked by Anonymous

I have a condo that I own in Jacksonville, FL. A potential tenant found me on www.tenant.com...he is located in the UK. He sent me a check for the first month's rent and security deposit and later found that it was a fake check (verified by two different banks). Since he is located in UK..what can be done?

2007-10-23 04:33:47 · 7 answers · asked by Elton B 1

I just lost my job this week and was ill-prepared. I can afford another month on my lease but that is about it. Can I appeal to my properties manager to end my lease early?

2007-10-23 04:31:43 · 9 answers · asked by artforce_1 1

2007-10-23 04:23:05 · 7 answers · asked by jcd38740 1

2007-10-23 04:19:40 · 4 answers · asked by lilbagel21 2

2007-10-23 03:55:07 · 20 answers · asked by brwnidgrl 2

We have decided to rent two properties, but can't seem to come to the right rent amount.

2007-10-23 03:52:44 · 9 answers · asked by latinmoe 1

Hi all,
My family and I are considering a move to the Raleigh/Durham area in the next year. We are aware that the traffic in the more central areas of the city are fairly busy and are hoping to find a subdivision that offers a quiet, neighborhood with more upscale homes. (Price range from $450k to $560K) If you live in the general area, what subdivisions would you consider? We're willing to do a bit of a commute. Thanks!

2007-10-23 03:47:54 · 3 answers · asked by Mom-to-Sophie 3

i have no $ to do this. are there people that do this pro bono?

2007-10-23 03:40:38 · 5 answers · asked by Mandy 1

I would like to move into Tarrytown/Sleepyhollow NY area. Does anyone know what street/areas to look into? I would like to buy but if I haven't saved enough money by the time I'm ready to move then I'll rent for a while. I'm looking for a nice and quite area maybe a garden apartment. Oh and that allows pets. Thanks.....

2007-10-23 03:23:40 · 5 answers · asked by Travel Girl 2

Basically whats happened it that a house that my wife fell in love with came on the market, so we had a look & she loved it even more. I wasnt sure as it needs gutting & I dont want to have to go through all that again as we did that in our current house.

Anyways we put our house on the market & someone put an offer in on it & we accepted it. I know for a fact that they still have to get thier mortgage sorted & finanlised (so in my opinion they are not ready to proceed). The house we wanted to buy, we have found out that it needs re-wiring throughout & this is going to cost an extra £4000.00 on top of the £5000.00 that is required to 'do it up'.

So we decided to back out of the deal as we cant afford it, pure & simple, but when I asked my agent if we could now reject the bid on our house, they said we are still liable for the projected commision which is £2500 inc VAT.

Can anyone advise as to when someone becomes ready, willing & able to proceed?

Massive thanks

2007-10-23 03:02:47 · 6 answers · asked by Puzzled Santa 2

2007-10-23 02:32:21 · 4 answers · asked by Jen 1

What amount should I be expected to pay, and what would you suggest would be a good lender to use?
What is the total amount of the house would I be able to afford too

2007-10-23 02:24:34 · 7 answers · asked by a bear hugs 2