Renting & Real Estate - October 2007

Good friends of mine went into foreclosure do to the housing market in Central Valley California. They were not able to get their home refinanced because the home had loss value, due to this they were forced to go into foreclosure. Can they ever get back on track after going through this?

2007-10-16 04:07:23 · 4 answers · asked by jazzyt 1

I have been anticipating buying a particular house. My house is on the market for 3 months with no bites. Realtor from sellers agency on house I want is not communicating well with my broker. I Asked to be told if and when there are any bids on that house. Was told by my broker there isn't any interest from anyone on that house. . Last night my broker called and told me that the house is in contract. We weren't even informed that there was a bid. Had we known we might've put one in. Is there any recourse? ( I know we don't have a buyer for my home yet but there was interest in it and the potential buyer is most likely going to put out an offer). Didn't I have the right to be informed of the bid so that I could've countered? I am so disappointed!! I could only hope that the contract doesn't go thru. By the way how long does it take to find out if the financing doesn't go thru? Who is more at fault, my agent or the the seller's?What would you do?

2007-10-16 03:45:41 · 6 answers · asked by yoga1 2

2007-10-16 02:41:46 · 5 answers · asked by Anonymous

hi there, as a first time buyer on my own, id love to know how shared ownership works? the house prices are very high! and i dont fancy paying through the nose to live in a bin! as anyone got any advice on geting a morgage of this sort and what are the pros and cons. thankyou

2007-10-16 02:22:39 · 3 answers · asked by lindsey b 2

Hi, we have a property that a gentleman who was supposed to be a friend of my husbands agreed to rent. Unfortunately we did not make him sign a contract since he was supposubly a friend. The gentleman moved in changed the locks and will not leave while he has never given us one single dime since occupying the home in July. We have served an eviction notice but gentleman still says he will not leave he claims he was never renting the property and that it is his property. Since he claims he never rented the property he's just freeloading in our property is their any restrictions on getting him out of the home or do we need to go all the way to court. Thank You

2007-10-16 01:40:48 · 11 answers · asked by houtskc 3

Are realtors more motivated to present to their seller an offer from a buyer who has no realtor they are working with and make the double commission vs. presenting an offer from another realtor where they share the sales commission?

I'm looking for truthful answers please and not all the ethical soapbox dime a dozen answers.

2007-10-15 21:20:05 · 12 answers · asked by ? 5

my work has unexcepctedly transferred me, but i have a 12 month lease with my apartment. i dont think i should have to pay the breaking fees

2007-10-15 19:57:40 · 8 answers · asked by Anonymous

2007-10-15 17:48:44 · 13 answers · asked by Mr. Angel 1

I want to buy a 3 bedroom ranch house with an unfinished basement, attached garage and a covered concrete slab for a front porch. I would like to have 3 bedrooms, hardwood floors and an open floor plan. I also would like to have it built in the 1960 or 1950 time area because the houses seem like they
are more sturdy. I dont mind putting in new windows and doors.
What do you think my chances are? Does this sound like too much to throw at a realtor?
Is a basement too much to ask for?

2007-10-15 17:06:36 · 2 answers · asked by happydawg 6

Does a realtor have access to financial information like how much of a downpayment was put down on a home? Is that part of "looking up title" or any other accessible info?

2007-10-15 15:29:21 · 4 answers · asked by Carrie 4

I bought my home in February of this year for $309,000 and it is completely obvious that it is no longer worth that today, just 8 months later. While this doesn't bother me too much since we plan on staying here for years to come, I am having a problem with my city's tax assessor. My wife had to go meet with him tonight by herself since I could not make it. (their appeal hours are set up for 1st shifters only and I work 2nd shift). I went on Realtor.com and printed out 10 comparable homes for sale in our neighborhood all of which are selling much cheaper per square foot than what we paid and many of them are newer. The assessor was very arrogant and didn't want to hear anything my wife had to say. He just kept saying that we "set the bar" by paying $309,000 for it so that's what the assessment will be too bad. Obviously anyone who reads the papers knows that we are in the middle of a huge subprime mortgage meltdown and home values have come down substantially. Please help.

2007-10-15 15:16:15 · 12 answers · asked by Meadowlark 2

my tenant who rents a room in our house may refuse to pay the next rent. there was never any lease agreement drawn up. Does the tenant still have rights if there is no lease. Do I have to serve him with the three day notice to quit.
To make matters more complicated, the tenant is my father in law. The original agreement was that he would inject funds from the sale of his condo, and my wife and I would use our good credit to purchase the house.
He firstly dishonored the agreement by refusing to use all the funds from the sale of his condo, as he used $17,000 to pay of a judgement. His credit stinks. he is not on the deed, title or note. He does no work, so the work i do I bill him for. As the bills are in his name, I offset the money he owes me for doing his one third share of work, against what we owe him for bills. he dosnt agree to this and has threatened not to pay his rent. I have reclassified him as a renter/investor rathenr than one third owner.

2007-10-15 14:39:23 · 3 answers · asked by hyamsmike 1

2007-10-15 14:35:48 · 8 answers · asked by thecrismaster 1

how can I get some info on strategies to be a successful club owner

2007-10-15 14:22:24 · 2 answers · asked by MARS 1

he still has tenants that live there cuz there was a fire in only one room.its been more then 4 months and he still hasnt fixed that room...but yet the tenants still have to pay the same amount of rent for what is now a one bedroom.

2007-10-15 14:17:10 · 21 answers · asked by lisa c 1

Hi, a friend of mine is in a real big jam and can't no longer take care of the house he now owns here in Paterson, NJ. He has come up to me with the oppurtunitty of taking over the house and property by just taking over what he owns. This way his name is free and clear to buy an apartment in Queens, NY. The only catch is that he is behind on his taxes and owes like $7,000.00 which I will have to cover. He purchased the house a year ago for $437,000.00 and the house is a money making machine. The house is a 3 family unit. 1st floor is tennat occupied 3 bedrooms one bath for $800 (in my opinion should be more). The 2nd floor is a 3 bedrooms and 2 bath apartment and rents for like $1300 and the 3rd floor is 2 bed and 1 bath rents for $1,100.00. My main concern is how can I make this work by taking over the property and having all transfer to my name. I have never owned a house before and this can be a little confussing. Please tell me if you have done something like this before.

2007-10-15 14:14:39 · 4 answers · asked by floss 1

I rented out a home to a woman and she could no longer make payments or take care of premises so she moved out leaving a $400.00 rent balance and a mess of the home. I did collect a $200.00 security deposit and she was supposed to pay a $500 security deposit in monthly installments but never made it that far. Anyway her kids threw around a basketball in the basement and ruined the new paint on the walls and ruined about 20 new ceiling tiles on the ceiling,she cut a water line to install a water softener and took her softener with her leaving a cut up mess of plumbing and no working water cause the main line is cut.She put a small hole in the fiberglass tub,left stove and fridge a total mess,left 2 large staines in living carpet,holes in the wall from door knobs,ruined curtain rods and blinds. I have to repaint 80% of the basement and all the trim. What legal action can i take on this woman? And how do i do so? I live in michigan. If i had to guess ,there is approx $6 to $800 in damages

2007-10-15 13:55:24 · 8 answers · asked by daddyjohndeer 5

I was convicted in larceny when I was younger, but a felony lasts forever. I was thinking about a career change into real estate, but I don't want to enter the field if I'll only be an agent and never allowed to become a broker. Does anyone know for sure if a larceny conviction would stop me from getting a brokers license or not?

2007-10-15 12:28:40 · 4 answers · asked by Maliahbell 2

we are planning to move there, any advice, tips or helpful information? i currently live in southern california.

2007-10-15 11:58:54 · 2 answers · asked by 30 going on 40 1

i have another 10,000 but i want to use that for painting and buying furniture... do you think if i put 20 down will they finance closing fees

2007-10-15 11:03:11 · 14 answers · asked by nikkylyn 5

I have 250.000€ i i wanna live on the beach some where in the world. I should be peacefull country with low real estate prices. I would like to buy my wife and me beautiful house on the beach. I know that Mombasa and Malindi, Kenya is one country with nice price of real estate, and the cost of living is ok. We need help? Where to live? Does anybody have any idea? I

2007-10-15 10:40:12 · 3 answers · asked by Anonymous

How much down if any? What can I expect for intrest?

2007-10-15 10:39:20 · 1 answers · asked by mbz 3

I am a mother who was sharing a lease with my son who passed away recently, there was four months left on the lease. How can the mother break it legally. We are living in Sparks, Nevada. The landlord want me to pay an extra months rent for breaking the lease. I would be spending money i do not have. So how could i legally break this lease without paying the extra months rent.

2007-10-15 10:35:30 · 5 answers · asked by Anonymous

2007-10-15 10:33:39 · 2 answers · asked by Anonymous

Is it legal in the state of TN to lease out your home if you still have a mortgage on it? My aunt says you can, and thinks you can just draw up an agreement without going through an agent or financing? I have no clue how this works? Help anyone?

2007-10-15 10:23:47 · 5 answers · asked by C.M. 2

2007-10-15 10:19:22 · 2 answers · asked by Mikey 2

2007-10-15 09:56:47 · 9 answers · asked by fat snacks 1

My boyfriend and i signed the P.A., got approved for a mortgage on the home and set the closing date of the home to this Friday...I have $1,000 in earnest money towards the home..Friday we decided that we dont want to buy a place together and that we need to rent first and that we were jumping into something too fast. We tried to cancel but our agent said the sellers agent will not cancel the agreement and that if we aren't at closing they are going to sue. The home is an estate (i.e. they inherited it by their mother dying)..What can we expect to pay if we get sued? How can we get out of this? We are located in Minnesota! They haven't served us papers yet the sellers agent just said they are going to sue..so who for sure knows???

2007-10-15 09:45:46 · 8 answers · asked by BLoNdE22 1

We bought our home 2 years ago, and the title was clear. Now our homeowners association has put a lien on our place because we refuse to pay the previous owner's 3+ years of past dues. The title was clear when we bought it, then a year later they send us a bill for 2003-2005 - we didn't even purchase our home until the end of 2005. The association did not put a lien on the home when they should have, which would have made the previous owners responsible. Through working with an attorney, we discovered that the assessments run with the land, and we are responsible **gasp. Here is my question: We have tried to pay our dues (Not the previous owner's, but our own since we've lived here), and the association is refusing our payments. Is there anything out there that states if they refuse our payment, the whole bill is null and void? A few people have told me this, but I can't find anything about it. Any suggestions? Websites? Ideas? Thanks, from a small farm in Montana.

2007-10-15 09:12:50 · 7 answers · asked by screenedcandles 1

Im a newly separted single mom- I make about 1400 a mnth i have car pymnt of 400 mnth that includes my insur. Ive got fair credit, but it seems like everything I look at is too expensive for me -I wld like to put my money into buying a house but then w/ mortage -bills wld be an issue - does anyone have any suggestions????

2007-10-15 09:07:58 · 4 answers · asked by Hillary R 2