Renting & Real Estate - November 2007

Do to all of the things going on in Florida, could not sell the home.
I gave it back to the bank with a deed in lieu of foreclosure. Can the amount lost on the home, be taken off of next years taxes, or broken down into several years of taxes?

2007-11-02 23:37:56 · 6 answers · asked by Stan O 1

2007-11-02 22:13:49 · 2 answers · asked by Anonymous

I had to leave mobile home(It's not paid for) x husban an I bought all season mobile, we split 2 weeks after havin it sent.
This was over when I personaly caught him doin crack.
Our daughter and I couldn't do both places so mobile was it.
Our daughter and I lived in it 2001 and on, up until last month, My health is bad recently I've
been diagnosed with Rhematoid arthritis, fibromyalgia,
My pain Doc said dampness in a mobile is a big factor in how my health condition is getting worse,I got in touch idoit x he said "don't care" I want nothin to do with it.(he signed as buyer and I co-buyer.)My daughter and I soley lived in it 2001 and on.
I had no choice but to vacate Pain Doc told me to move, the Mobile could be causing the dampnes which is making it worse for me I worrid what can bank do to me?,I gave bank the ok to go into my acount to get loan paymet,My acount is soley my nameThe bank would go into my acount and take their payment Is the X responsible to

2007-11-02 20:53:48 · 3 answers · asked by shelleywadden@rogers.com 2

I need to sell my home within 2 weeks, my lenders will take 25K for the home to sell immediately, but any offer would be great. The home still needs some repairs done thats why the price is so low. The after repair value will be worth anywhere from 80K to 100K. I need to sell quickly to avoid foreclosure, If there's anyone out there that could take this property off my hands or refer me to someone I would greatly appreciate it... There's alot of profit in this investment, but I dont have the available funds for the repairs to capitalize on it. This property is located in Atlanta, GA. Details: I owe about 120K to the bank which was what the home was appraised for when I bought it in April of 2006, but they will take 25K to satisfy my loan because the mortgage is behind about 17 months (I know, that's a long time to not pay mortgage and still own a home). Its a single family 2 bed 1 bath home.

2007-11-02 17:45:05 · 4 answers · asked by Michael Shaw 1

With existing home values dropping all around the country what is local governments doing as far as the upcoming home accessments. Shouldn't your assessment go down proportionally? What can you do about it?

2007-11-02 17:39:41 · 3 answers · asked by INFOMINDSOLUTIONS 2

The house is 360K but I want to offer 300K.... This house has been on the market for about a year.... The owners were given their house as a gift... They had no previous offers

2007-11-02 17:34:22 · 16 answers · asked by Gabs2Much 2

i'm getting married soon, i'll be moving to n. carolina wwith my future husband

2007-11-02 17:10:47 · 4 answers · asked by toni 1

With the house and total debt, we owe about $195,000. House value is around 230,000. Would it be worth it to sell the house, payoff the mortgage, and then pay off the debt or would this be a bad move?

2007-11-02 15:38:31 · 7 answers · asked by thekilpatrickfamily 2

I can't seem to find this anyway on the internet, but i have talked to a couple different laywers that think since my landlord did not sign the lease, and still have not signed it after 3 months, it may not be legally binding. I have found one thing online that says the contract is not in affect until all parties names on the contract have signed. Which there are 4 names total, and 2 of us have signed, the other 2 are the landlords, which have not. Also if this is true my other question is, is there anything we could do about getting our money back for the rent we have paid since it would not be in affect. We were not sure of this because we have been living here, so we may not get a refund. which is understandable. If this is true and since they did not sign, how would we go about dealing with it, would we just tell them, and if they do not believe us then they can do what they think they need to do. We are talking to some attorneys and seeing if they will be willing to write a letter to them. That is probably the way we will go if possible. Also, sorry last question I promise. Since they have a copy and we have a copy, we are worried about them signing there copy and going and saying they did sign it, even though we do not have a signed copy. There are also parts of the contract that say we will receive a copy of the contract, and a copy of 5 other things listed on the contract the day we sign. I did not receive any of these, and still have not received the list they said we would get information about? Does that make a difference?

2007-11-02 15:08:31 · 6 answers · asked by jellybean91404 2

The easement states they have the right to 'inspect, maintain, remove, renew, repair and replace and substitute the same or any part thereof.' The neighbours want to upgrade their electricity and although we were in negotiations with them have sent an email from their lawyer stating that they have alternative ideas which will cost US 1000's us Dollars and if we don't pick one of the options they will arrive next week and commence digging up our yard. We are not trying to be awkward and as far as we were concerned we were negotiating with our neighbour and this has come out of the blue. Also they moved in over a year ago and they still haven't signed off on a road easement we spent $20,000 building for their property so we didn't have them driving infront of our house. We have spoken to their lawyer but he was rude and abusive and wouldn't listen to the fact I wanted to get OUR easement issue resolved before furthering decisions on theirs. Can we stop them digging up our yard ?

2007-11-02 14:37:02 · 3 answers · asked by freefaller 1

own our land have a trailer buying a modular home and want to know the moving process do i have to store furniture and then move in or do they leave the old home close to make moving easier

2007-11-02 14:09:27 · 1 answers · asked by bikerreveal 2

I am a real esate investor and have just started with commercial property. It is hard to find a long lease with a CAP rate I want. I wish to look into expiring leases to get a good price and then re lease to a corporate with a long lease Willing to work hard. Any tips will be appreciated.
thanks

2007-11-02 13:37:57 · 2 answers · asked by srilatha 2

2007-11-02 13:24:41 · 6 answers · asked by sally d 1

2007-11-02 11:52:10 · 2 answers · asked by xtian 1

2007-11-02 11:42:54 · 4 answers · asked by Anonymous

just wondering its like almost 3.50 here

2007-11-02 11:09:26 · 18 answers · asked by preppalette 2

Okay, the question may make some believe I'm an idiot for even attempting to buy a house this way, but the house belongs to someone I know and trust, so I feel confident that we are okay to attempt this transaction without a realtor.

Now, my true question is what kind of paperwork and such has to be done and filed? I don't have a clue to just how much "someone" else does and just what "we" can do to close a deal such as buying a house. Does the lender take care of all the paperwork or are there papers and such that I and the seller will have to fill out and file ourselves...something the realtor would have done if we were to have one?

I'm really a novice when it comes to this part. Please advise me as to what we could do to help keep everything easy, complete and more cost effective for my financially struggled home.

Thanks! I can't wait to read your responses!

Ashley

2007-11-02 11:05:53 · 9 answers · asked by ashleydjr73 2

They were not aware of this and do not have that kind of cash. Friend accepted a sellers offe and papers were signed. if transaction cannot go through foreclosure is likely. I think this is due to a 2nd mortgage or refinancing when the home was worth more. Friend had to move to accomodate a recently disabled adult.
County would not allow first home to be modified. Any ideas how to settle this issue? They are using a realtor.

2007-11-02 09:39:16 · 5 answers · asked by mrkrmrar 1

Are there a lot of risks or could this really be an opportunity?

2007-11-02 09:27:25 · 4 answers · asked by Anonymous

totally refusing with no counter offer? The house is $175,000

2007-11-02 09:15:01 · 4 answers · asked by mbz 3

my husband and I were facing foreclosure with our divroce and consulted with a company that helped struggling homeowners out of their existing loans. I decided to go with this company to help me.

I signed a quitclaim deed and the company cut my husband and I a check each for $1000. I was told the rest of the documentation would be mailed to me. It never was.

I am looking to buy another house and pulled my credit report. I learned that this house was never sold & the mortgage is still in my name. The 'company" i sold the house to, fixed it up and now has a renter there making payments to MY mortgage company in MY name......is this legally still my house? If the "comapny" that bought it tried to sell it...wouldnt the sale check be cut to me? Im confused!

somehow this doesnt add up and i dont think it sounds legal. Should I consult with an attorney?
Can someone give me some insight?

2007-11-02 09:10:11 · 3 answers · asked by Anonymous

If someone someone committed suicide or was murdered in a house that I want to buy, is it a law that I have to be informed of that?

2007-11-02 08:23:10 · 9 answers · asked by crazy_0z 1

2007-11-02 08:13:08 · 3 answers · asked by mujahidfurqan 1

2007-11-02 07:51:55 · 3 answers · asked by lake westbrook 1

Someone broke into my apartment and I moved. The landlord said it was okay and today a cop shows up at my house and he is suing me for 3 months rent! When he said it was fine for me to leave! What do I do?!

2007-11-02 07:36:19 · 10 answers · asked by Amy Dean 2

2007-11-02 07:29:22 · 9 answers · asked by geocomer 1

Husband & I refinanced our home 1.5 yrs ago to pay off his college loans & our joint credit card debt. We qualified for a "110% loan," leaving us with no equity. Plan was to not sell for quite some time. However, we're now divorcing.

1st mortgage = $160k, 2nd mortgage = $50k ($210k total).
Home's current value is ~$170k. Husband accepts responsibility for debt from his college loans ($42k). He also agrees that I get $10k "credit" for original down payment which came out of my personal savings. I will probably stay in the home for a few years; it's not in our best interest to sell now given the $ situation & housing market. Based on my assumptions & calculations, to "buy him out" he actually owes me $72k. Correct? Lawyer recommends not refinancing & leaving husband's name on mortgages so he feels more pressure to pay, or me refinancing with parents cosigning to reduce payments but then husband has no financial responsilibity to mortgage company, only to me. Recommendations??

2007-11-02 07:02:23 · 4 answers · asked by Kelly A 1

i know it has to do with buying a home

2007-11-02 06:53:53 · 2 answers · asked by ejbpaid 1

2007-11-02 06:47:29 · 15 answers · asked by ~~~Tara~~~ 1

Rates are dropping, and even though I have a great LTV and payment history my adj. rate mortgage just jumped to 10.11%. I know what I signed and realize they can, but why jack it so high they force me into foreclosure? Then they cry that they need bailing out? I don't think so - I think mortgagees need bailing out from unscrupulous lenders. I have already contacted them and they said...........blah...blah......you signed.......... up the rate if you want to but raise it 4%?!

2007-11-02 06:29:54 · 16 answers · asked by Tina h 1