Renting & Real Estate - November 2007

The person buying our house has a 100% mortgage. Due to this there is a risk of them backing out at the last minute due to them not having given any deposit. What solutions are there to this issue. I've heard it's possible to get insurance for example.

2007-11-15 22:48:06 · 11 answers · asked by muffinresearch 1

we are coming from the new york area, and a young professional-artsy neighborhood would be well suited for us.

2007-11-15 22:20:26 · 5 answers · asked by remy D 1

My father passed away recently and the paper work from the lawyer who handled his will and distribution of the estate and paper work for the joint items my mother and father had.
Will the mortgage company alter the payments if my father's name is removed from the mortgage leaving only my mother? I am very concerned about this because my father was paying an insanely low $650ish a month on their large estate home in Southern California (there is only 79000 left in the mortgage) and I don't want them to increase the payments.

2007-11-15 21:03:51 · 5 answers · asked by Kelly M 1

places like bargain network or free and clear real estate all talk about getting houses for cheap. if this is not true then how are they in bussines to even sale anything? im sure they dont have people by the thousands buying their stuff cause its too good to be true.
it seems that it better to think of your own scam and put it on t.v and get rich that way!!lol

2007-11-15 20:39:44 · 3 answers · asked by Anonymous

I have been a faithful resident at the Club at Spring Valley (Concord Management) for 9 years & never late on a rent payment.

I spoke with the property manager today & he said it is a $1000.00 dollar penalty to break the lease early.

I can depart the property before DEC 1. 07'
I am not behind on any rent & they have a $500.00 security deposit in their possession.

My rent is $529 per month.
In the event they DO NOT rent the unit by DEC 1st, what if I gave them another $29.00 dollars before leaving & that would cover them until Jan 1st 08'

Their document says that a deposit does NOT cover rent obligations....why not??

If I don't pay the $1000.00 they state they will initiate collection proceedings will report the balance due to the credit bureau.

I cannot believe after being open & straight up with these people after nine years that they would not take the deposit & part ways amicably!

I am looking into any & all all options including bankruptcy!
HELP!!

2007-11-15 20:10:11 · 7 answers · asked by Michael D 1

How many % does Foreclosure Home save over non foreclosure home? Is it worth the save? Do i need to put more money down in foreclosure, do i need real estate agent?

2007-11-15 17:41:34 · 8 answers · asked by Anonymous

I am interested in selling my condo in CA, however it has negative equity of around $20k. What happens to it? Do I have to pay it back? Do I have to pay any of that back?

2007-11-15 17:17:24 · 5 answers · asked by meeee_3 2

I am planning on moving to my first apartement in a couple months I just wanted to know:

What are some of the different bills that I can expect to pay.

2007-11-15 16:44:30 · 3 answers · asked by icurious 3

We are looking to put our house on the market after the first of the year. We live in a very desirable neighborhood, and have had a market analysis done on the house to determine a reasonable asking price. We want to pull every penny we can out of the house, and when we heard what the realtors in our area charge we were a little shocked! I have heard that they do a ton of work behind the scenes, but I have a friend who is a very successful realtor and I feel that in all reality it may not be worth it to pay them the thousands of dollars they require. We live in a small town where houses for sale are really pretty obvious. Any advice?

2007-11-15 16:42:40 · 5 answers · asked by Anonymous

Just this week i went to closing for a property i plan to develop,
The woman i was going to purcahse the property from got the property in a divorce settlement, the property has been in her ex husbands family for some 40 years. The title report shows a broken link as to how her ex husbands parents came to control the property but the parents wrote a waranty deed when her ex husband and her purchased the home from the parents some 20 years ago.

The title report also says "right to title and intrest as disclosed by the aformentioned deeds" whats this mean, does this mean that the county recorder and court already cleared this up.

I dont have the time due to 1031 issues to wait 4-6 weeks to go through the courts to get this cleared up. The county has destroyed all records older than 20 years old and the title company that the parents would have used is out of business and the records have also been destroyed.

What should i do.

2007-11-15 16:37:27 · 4 answers · asked by kenfroewiss 1

we make about $100,000.00 a year. do you think it is possible to qualify for a mortgage of about $570,000? with maybe a down payment of $20,000? maybe first time home buyers programs? please help, we need to move out of our current place!!

2007-11-15 15:57:04 · 5 answers · asked by Anonymous

I couldn't find an option to reply to the answer spock provided, which was great by the way. If you see this, it is an investment property, and I was wondering if I could take depreciation, in addition to the repairs, taxes, home owners insurance, etc, and still claim the standard deduction? I am a single claiming only myself on my taxes as well as being a full time student and making ~28k this year.

2007-11-15 15:45:57 · 2 answers · asked by Brad F 2

My deductions including mortgage interest, utilities, mortgage insurance, home owners insurance, repairs and materials only totalled $1500 this year. Since the standard deduction is more, can I itemize these costs next year?

2007-11-15 15:23:05 · 2 answers · asked by Brad F 2

and were asking if we were interested in refinancing our home. We told them we were not eligible to refinance until next year, because if we refinance earlier than three years there is a huge pre-pay penalty. Anyway they wanted to schedule a meeting at our home, they without even knowing anything about our credit or bills or anything seemed positive that it would be worth it, even with the pre-pay.

I was wondering if I would be wasting my time, and if anyone has ever refinanced through them and what type of experience it was. Thanks in advance

2007-11-15 14:19:19 · 19 answers · asked by Lucy 5

I am sick and tired of renting, but am unsure about the market. Many people have told me to wait, others say I should take advantage of the low interest rates. Any suggestions?

2007-11-15 14:07:52 · 8 answers · asked by Mariposa13 3

2007-11-15 13:40:59 · 14 answers · asked by ? 4

2007-11-15 12:53:45 · 6 answers · asked by Anonymous

I'm biding my time and saving up my down payment, but want to buy when the market is at its absolute worst. I'm hoping that's in the next 6 months, but am willing to wait up to a year.

Has anyone purchased foreclosed real estate? I'm hoping to get a great deal on a repossessed property that a bank just needs to off load.

2007-11-15 12:43:08 · 8 answers · asked by leedogg1981 3

CAN SOMEONE EXPLAIN WHAT THE HOUSE JOINT RESOLUTIONS 192 IS??? IN LAYMANS TERMS!

2007-11-15 12:32:21 · 1 answers · asked by alliepegs4 1

I have asked a few questions here before and got some really good advise from people....so here is the situation. I am in the army and just came down on orders to move across the country. I have very little equity and $20k in debt, my credit is 700 give or take 5, and I might be able to put $2000 for a downpayment. I want to purchase a property around Fort Benning, GA and move into it and then sell my current house in Fort Lewis, WA once the pros come through and fully clean it up. Is there a way to do this? If yes can you elaborate a little please. Thanks

2007-11-15 12:26:10 · 6 answers · asked by The Government Mule 1

I looked at every question that was posted and none spoke to this situation. I got divorced from my wife 2 months ago and cant afford to live at my place anymore. She took herself off the lease and left me on, and I have to pay 1800 bucks to break the lease. so my question is what happens if I dont pay the 1800 dollars when I leave early? does it go on my credit or go to collections? and also I know how I could get purposely evicted, just by having someone not on the lease live with me. is that better to do and have on my record then an 1800 charge? I've already looked into roommates or subleasing. No go. any help or insight or experience appreciated.

2007-11-15 12:13:52 · 6 answers · asked by clkcrawford 2

2007-11-15 11:40:42 · 10 answers · asked by oz 1

2007-11-15 11:38:34 · 4 answers · asked by Anonymous

I am not thinking property but goods all ideas welcome.

2007-11-15 10:23:59 · 23 answers · asked by Curly Top 2

i saw this thing on tv...and i completely forgot what it was called...its something where the government can allow u to pay only a couple hundred dollars..and u only have to pay that price once

2007-11-15 10:07:16 · 5 answers · asked by Anonymous

I moved into a house last year with some friends. We told the landlord, but he never prepared a lease for me to sign. My roommates who had been living there for a year before had already signed the lease for the year we were supposed to live there. Unfortunately, they had misread the lease, which put the rent at a rate that we couldn't afford. The landlord was reasonable, and lowered rent for us. There was a lot of confusion because there were five of us, and it seems he told each of us different things. Suddenly, he demanded he hadn't lowered rent to such a low rate, and demanded we pay the difference for those months we had payed. My one roommate moved out, and all of us followed suit because she was the only one on the lease at this time. Our landlord later said that we had a verbal agreement for the lease, and that we all owe him rent for the rest of the year. He called me once, and I think he recorded me saying I lived there. It's been nearly a year since we moved out.

2007-11-15 09:51:53 · 6 answers · asked by Anonymous

My husband and I originally signed our lease in July, 2006. We were moving into a neighborhood with a highly volatile turnover in ownership, and I was concerned with that when I signed the lease. In the lease, it is stated that the house can only be shown 30 days prior to the end of the lease. When we re-upped the lease in 2007, we only signed an amendment indicating the original lease was still intact and that the rate has increased. Now, the landlord is selling, and there is a lockbox outside my door! Do I have the right to termintate my lease based on the statment in the original lease? The landlord wants to keep the security deposit, while I feel he has violated the spirit of the contract, so I feel he has not been "injured". Any advice?

2007-11-15 09:47:42 · 5 answers · asked by Kathleen R 1

If I was to practice Adverse Possession would that put me at a high risk of going to jail/prison or am I protected due to Adverse Possession / rights for housing? What would I have to do to ensure I would NOT go to jail or have my possessions seized without prior warning/knowledge? (please answer this question in regards to the area which I am asking which is: Durham NC USA)

2007-11-15 09:42:09 · 3 answers · asked by Am 4

So my situation is that my husband took a job out of state and I will be relocating in 7 months. Renting our house is not an option! My fear is that I could not sell my house for what it is owed and thus a short-sale would be an option for me. Here is my question, while I am trying to sell my house here I will also try to buy house in the other state. So will buying a house in another state cancel out the option of short sale in the state I am currently living? Should I try to buy a house first in the other state before even trying to short sale my house here in Cali? Thanks!

2007-11-15 09:24:10 · 5 answers · asked by j_mallock 1

I was told that I have everything put into my bank account and as my direct deposit is deposited it will reduce the principal thus making the interest lower

2007-11-15 09:23:21 · 2 answers · asked by sissytwo 3