Renting & Real Estate - November 2007

If I'm a single guy with my college loans all paid off, working as a Dentist making a six figure salary (~$120), could I afford to have a Ferrari F430 (~$200k) and house in a nice neighborhood (~$500k)?

2007-11-25 04:17:02 · 10 answers · asked by Anonymous

My parents had a house built in OK tha should be ready in Jan. They a got loan for $15k to get some extra things put in to the house. My parents got the house built thinking that they could sell the house they have in NY quickly enough so they could use that money to pay for the new house and have some extra money. It's the end of Nov and the house still hasn't sold. If they don't pay for the house by Jan they will lose the $15k they put down. My parents aren't rich so I don't want them to lose that money. Here is the question. Now we are planning on having me get a loan to buy the house in OK. Pay the mortgage until they can sell the house. Then I will sell them the house to them for what ever my loan was for. The house in OK is going to be $203k. The house in NY is for sale for $350k. Would the plan above be a good idea or would we lose money doing that. Or should we just lose the house in OK, sell the house in NY and lose the $15k and just have another one built later on.

2007-11-25 04:14:12 · 3 answers · asked by Johnny 2

Is there a program or agency that can help people find housing even though they are unemployed right now. I have been living with my in-laws for a while, and our children need their own room. Three children mother and father, grandmother and great uncle. I just want my own place, so my kids can have their own room to play in. Please help

2007-11-25 03:46:08 · 9 answers · asked by tllymchll 2

I'm 17 until this coming June. I have money saved for living costs and I'm planning to move away from home shortly. I will be moving from one side of the country to the other, which will make it difficult, if not impossible for my parents to sign the lease for me in person. How would I go about signing a lease for an apartment?

2007-11-25 03:22:30 · 7 answers · asked by Anonymous

and what can i have built there

2007-11-25 02:06:22 · 7 answers · asked by djizz 2

I am going to be moving in december and will just let the landlord have the security deposit as a form of rent for december, and I going to jeopardize my chance to close on the house if I dont pay this extra rent?

2007-11-25 01:58:39 · 15 answers · asked by cinderfella 1

My husband and I bought a house with a 3/1 arm mortgage. Our payment will soon adjust starting Dec. of 2007 . The problem is we cannot afford to pay an additional $ 500.00 to our monthly mortgage. They say that if we call our lender, they might be able to help us . The thing is I don't know if i should call them or not. Do you have any idea on how they will be able help us. Any options?

2007-11-25 01:26:56 · 7 answers · asked by Tess F 2

And why are they so expensive? What is in their, why all this boom?

2007-11-25 01:25:00 · 1 answers · asked by Anonymous

2007-11-25 00:57:47 · 5 answers · asked by ama 1

What is a underwriter?

2007-11-25 00:31:46 · 4 answers · asked by cinderfella 1

Around how much would a Jim Walter home cost if you just got a basic 2-3 bedroom 1-2 bath home? What's the cheapest price house through them,just an average price range? Also,are they good homes?


And also,How can you get a home loan price to go up for more? Paying off credit cards and such will that make the loan go up more?

2007-11-25 00:23:44 · 4 answers · asked by Anonymous

2007-11-25 00:06:47 · 3 answers · asked by ama 1

2007-11-24 22:44:12 · 3 answers · asked by Anonymous

If my house has been foreclosed and the bank sells it for more than what is owed, who gets the money?

2007-11-24 20:04:50 · 6 answers · asked by cytang8 3

2007-11-24 18:32:30 · 2 answers · asked by Hwee S 1

there was a fire in my apartment buliding on the 18th of novemeber. i just got an email tonight from my landlord and she says that since i dont have renters insurance, that i am obligated to do the clean up and i have to pay for the damages the firefighters made while taking care of the fire. can she do that? she also told me that i have to clean the walls with bleach and she would take care of the painting.

if anyone can help please do. i have already lost everything that i owned and if i am obligated to this then i am just not to sure what i am going to do im lucky to be alive only to have to deal with this. i live in chicago if that makes a difference, thank you

also the toaster must of shorted or it had to do with the outlet, either way i was not in the room

2007-11-24 18:31:59 · 9 answers · asked by MakeAmyUp! 4

another property owner is demanding access to his property through my property, i have offered to let him go down the edge of my property to his but he insists that he hase the right to cut thru my property, instead of going down the edge he wants to drive across mine to a better access point, so he wont have do work to make an acess... ie cut some trees, and haul in some fill to make a road

2007-11-24 18:30:21 · 7 answers · asked by Frank 2

stops taking my payment saying I am a lieable since I filed for bankruptcy for my taxes,never was I late on payment just tax problem. I had the money to stop the foreclosure but being upset and not knowing what I could do I sold the property so a quik sell so the foreclosure shouldn't be on my credit for the property . If I have the money could I buy that or any other property. (As long as Ithe company can accept my payment ha ha).

2007-11-24 18:15:07 · 8 answers · asked by shatee w 1

When we first moved into this house, our shower wouldn't drain. It would overflow before we even got out of the shower so we figured it was clogged. Well, we told the landlord and she bought some draino. About 3 weeks later our bathroom started smelling of really bad sewage and this grayish dirt looking stuff would back up into our shower. We told the landlord because we thought maybe the septic tank needed emptied and she said it had been emptied 7 yrs prior to us moving in so she ignored the problem. Well, it began to get worse. Anything we poured into our sink would end up in the shower. Before we could even take a shower we had to clean it out because it had all that gray dirt/rock in the floor of it. We had to use buckets to get the water out or it would sit there for about an hour before draining. Anyhow we didn't pay rent for 2 months and now she is taking us to court. She gave us 2 weeks to get out! There was also mold growing in the bathroom. Will we end up losing at court?

2007-11-24 16:42:47 · 9 answers · asked by I ♥ my irish twins! 4

Where can we find information on foreclosures where we do not have to pay any fee.

2007-11-24 15:58:44 · 4 answers · asked by ab2623 2

| am considering purchasing a home that is currently vacant, been on the market for four months. The seller's realtor is suggesting that I use him as a dual agent. Hmmm..... I met him during an open house. How much can I save by doing this or if I have to ask should I enlist my own realtor?

2007-11-24 15:31:13 · 10 answers · asked by What to do? 1

We are renting to own a house from my Husbands Grandfather. We planned to get a mortgage for the house as soon as it is out of his bankruptcy. Is there anyway we can buy the house while it is still in bankruptcy?

2007-11-24 14:55:47 · 6 answers · asked by coryannewilliams 2

2007-11-24 14:46:43 · 2 answers · asked by tony 2

I just got a letter from the local water company wanting to me to donate or sell them an easement on my property for improvements on the water lines that run through my yard. What kind of payment can I expect out of this? I know it will be based on how much land will be included in the easement but I don't really know what to expect or whether or not it's worth it.

FYI the property is in Oklahoma

2007-11-24 14:40:33 · 6 answers · asked by samilynn04 2

My brother and I are trying to sell a home we just fixed up in San Antonio. But we're trying to find buyers like landlords or people who want to invest. We're just having trouble getting the attention of landlords or investors. Anybody have any good suggestions? We're new in this business.

2007-11-24 14:25:52 · 4 answers · asked by jojosh22002 1

I am a 25 year old living in an apt. I want to buy a house soon, but can't really afford to save up. I pay almost $800 for rent so I believe I can afford a morgage.
Do you have any advice on how I can start to get money for a home down payment....like grants or anything??

2007-11-24 14:21:13 · 4 answers · asked by Bronze Girl 3

how common is it to get a loan from a parent, for buying a house?

we found our dream house, it's gorgeous and in the perfect location, but I have no credit and that means I have bad credit, right? I can't cosign, so I was thinking... my mom is wealthy, and I have been pondering asking for a loan of 35k, at a 2% interest rate. If we get this 35k, we can afford this home no problem. I'd pay back the loan in full within 7 years.

Is this a normal thing to ask a parent? I'm a little nervous asking just because to me, it's a lot of money, but to her it isn't a huge deal. I was never spoiled so I realize how much money this is and how lucky I would be to be loaned it. Am I being selfish asking for the loan?? how can I ask her for this, she intimidates me a bit but this home is just perfect and I want to give it a shot.

2007-11-24 14:17:07 · 4 answers · asked by LifeLove 3

My husband and I are purchasing our 2nd home for $165,000. We can put $7,000 toward the down payment from the sale of our first house. To get 5% down on the new house would be $8,250. This would be fine, because we have over $3000 in the bank after paying this month's bills, and only need to use $1250 of it.

However, our bank will not allow us to to use the $3000 that we have (from recent paychecks) because it hasn't been sitting in the bank for 2 months!!! So they are requiring us to get 100% financing.

Is this _as ridiculous as it seems_, or are there other banks which would allow us to use the money we have earned at our jobs - which we can prove with our paystubs!!!

We don't have the luxury of sitting around and waiting for 2 months to prove ourselves to the bank (because I have been transferred with my job). And the 100% financing is a bad deal as far as interest rates and the extreme pickiness of the underwriters on every possible issue.

Should we try another bank?

2007-11-24 13:57:02 · 9 answers · asked by jenatasha 2

I was always curious but never really knew the difference...thanks.

2007-11-24 13:18:36 · 7 answers · asked by damacios_gurl_20 2

In short, for working 12-40 hours, do they deserve the equivalent take-home pay of almost a year of labor??? (assuming most people have a 30 year mortgage and pay about half to it each month...)

The labor is so overpriced, that no buyer in his right mind would pay 3% extra for a property for said "service", that's why it's mixed into the seller's price, so they get to lose.


C'mon, we all know this is a protected mafia racket that discriminates against and boycots FSBOs...don't you think people are going to wise up to this rip-off?

2007-11-24 12:31:09 · 12 answers · asked by SQD 2