Renting & Real Estate - December 2007

I am a first time home buyer and could easily afford a twin home, but I don't know much about them. I know the market is not great, but I'd rather buy and build some equity than continue to rent. To clarify, I would own half the house and live in that half, I would not own the other half. I'm adding a web address for clarity,
http://www.edinarealty.com/Listing/ListingDetail.aspx?Search=8b9a0fe1-4fbf-4400-99f7-8f51a03e0712&Listing=25200730&IRPAgentID=&Image=1&First=31&Last=40&pagesize=10&SearchType=map&ListingDistrictTypeID=&FirstLetter=&Sort=6&Cookies=&UseColorBar=false

Any help or info is good!

2007-12-03 05:38:52 · 3 answers · asked by berningme 2

Hi All! We are currently living about an hour outside of Cleveland Ohio. In 2003 we purchased our condo for $80,000. Last year, we refianced and consolated our debt for a new balance of $84,000. For that loan, we had our condo reppraised for $98,000. Our monthly mortgage payment is around $850 plus a $100 condo fee. When we refianced we were informed that if we payed off the balance within three years, we would have to pay six months of interest.

Now we have our second child on the way and would love to move into a new house with a yard and basement! :o) My question is, do you think think it would be a smart move to at least look into what kind of a loan we can get at this time. I am currently attending nursing school so we will definitely have a second income within the next year or two. I just feel like for what we are paying for a condo, we could be living in a house. I was thinking somewhere between $100k and $125k.

Thanks for any advice you can provide!

2007-12-03 05:37:26 · 8 answers · asked by Melanie 3

thanks i need help i will be very thankful

2007-12-03 05:23:18 · 2 answers · asked by Anonymous

i am separated and i have been paying my mortage payments alone. i want to take my husband's name off the mortgage so he does not get the credit for something he is not doing.

2007-12-03 04:56:13 · 8 answers · asked by VANESSA H 1

Is forclosure my only option. I put the house up for sale about 5 months ago and no offers yet. Payment goes up to $3338 on 1/1/08. If I move out by 1/1/08 do I just call my mortgage co. and tell them that I am foreclosing? Please help? I know nothing about the forclosure process.

2007-12-03 04:53:50 · 10 answers · asked by Anonymous

Well a good friend of mine is trying to get out of her lease because her mother is coming to stay with her and her family after being neglected in a nursing home. She had been staying in the same apartment for over 15 years. She would still stay in the apartment if it had another bedroom and was handicap accesible,which it is not. Also, it doesn't seem as if the Landlord has kept his commitment to the lease (to make repairs,etc) because she has countless holes in her ceiling,leaking from the walls,etc in her house that she has asked the maitience team to fix. She lives in NY by the way. Could any of this legally buy her way out of the lease? Or will she have to pay the remaining months? Her lease is up in FEB. btw.

2007-12-03 03:06:37 · 6 answers · asked by LoveeLoveGrl 2

My fiance and I are in the process of buying our first home. The house that we are interested in is beautiful. The sellers are going through a divorce and therefore, are selling this immaculate home. The home is over 1300 square feet sitting on .3 acres of land. They have only lived in the house a year and bought it while undergoing foreclosure. Their asking price is 78, 000 which, in my opinion is very underpriced. This home is in a very good neighborhood, surrounded by other beautiful houses. There is also a huge utility building included with the property (I can drive my vehicle into it). The back yard is fenced in which is a plus because we have a 2 year old daughter. The home has only been on the market for 40 days. We think the price is fair, especially since the realtor is taking care of some very minor repairs herself. Should we still try to negotiate the price? If so, how much should we go down? How do I find information on how much other homes in the area has sold for?

2007-12-03 02:25:41 · 8 answers · asked by Anonymous

We had a terrible experience with a realtor so now we want to try and sell our home by ourselves. How do I get an MLS number in Missouri?

2007-12-03 02:01:01 · 7 answers · asked by julie744527 4

Trying to sell property but it is difficult getting a mortgage right now. Alot of lenders are not making new loans or refinancing right now...

2007-12-03 01:59:51 · 1 answers · asked by carolcoleman123 1

Found a 12 yr old 3,200 sqft house we want to buy that needs some work. It has been moved 200 yards to make way for a new development. Its structurally sound but needs new kitchen countertops (granite), molding replaced, addit. insulation added (they skimped on this) and needs all the wood single pain windows replaced, some won’t open and some have gaps

The seller bought the house as an investment. He got the house for about $79k, land for $49k, and about $60k to move it and add new carpet, paint and some upgrades (New HVAC and Hot Water Heater). He has approx $190,000 in the house. He added “Desperate Seller, Make offer” to the posting. The agent said he is over extended and needs to move it or probably lose it soon.
He has lowered the price from $420K to $399K, to $345K. It has been on the market since Jan. with little interest. With the needed improvements ($30-$50K) Is $250k a good offer for a “Desperate Seller”? He would still make $50k+ is this a fair offer or way too low?

2007-12-03 01:57:42 · 12 answers · asked by wvuap372 2

I was wondering about those we buy your house buisnesses and how they work. Do they give you appraisal value for your house? Or do they try to give you just what you have in the mortgage? Do they do it by what the county market appraisal is?
I have a house I owe little on and I feel would appraise for what I would like to put in my pocket. Is it worth looking into one of these places and not bothering putting it on the market and playing the waiting game? Or is it worth playing the waiting game and the money I would spend in replacing the few things that need to be replaced like the carpet and some new paint, because thats really all that needs to be done.
How much more money would I really gain in this market if I were to play the waiting game, compared to the "we buy houses" option?

2007-12-03 01:22:38 · 8 answers · asked by W 3

My landlord came round recently and accused me and my partner of putting stuff down the toilet, they said we have been putting kitchen roll down. Apparently the toilet in the shop downstairs flooded and they said it "must" have been us as the people in the shop never use their toilet (yeah right).
We have never put anything other than loo paper down there and it turns out this is what they mean! Is it legal for them to stop us from putting toilet paper down the loo? They said that instead we should put in in the bin, I find this disgusting as we have no garden so all our black sacks of rubbish have to be stored in the flat till collection day which would mean we would have used toilet paper in sacks in the KITCHEN or BEDROOM (we have no other rooms as its a small flat) for up to a week!
At the moment we are still putting it down the loo and I might go see citizens advice if the lanlord complains again.

2007-12-03 01:06:24 · 7 answers · asked by Miss marmite 2

sale. What if the home we are selling is too much to afford with the new house and it goes into foreclosure? what will happen to the contract with the real estate lady if its within her time frame?

2007-12-03 00:56:14 · 6 answers · asked by cdf0 1

My house which I share with my partner is in my name and the mortgage is in my name. We would like him to have 50% share and responsibility.
The reason why it is in my name is because he was a student and couldn't be named on mortgage at the time. The previous house we had was also in my name but he has contributed significantly meaning we now own a good chunk of our current home already... so I do not want ' are you sure you want to do that..' answers!

2007-12-02 22:14:03 · 7 answers · asked by nesta 2

I will be moving out on my own as soon as I find a place with my 6 month old son. I can afford to pay the rent and deposit and everything else that goes along with having your own place. The problem is that I don't have the greatest credit.

When I was underage (i'm now 19) my mother signed me up for a credit card. I used it once paid it off then I went to use it another time and it was maxed out. I found out that it was mother than did it. I have pg&e bills that are in my name that are overdue and in collections from when I was only 16, and overdue cell phone bills from when I was under 18. That I know my Mother did.

Now I want to get an apartment but I know that all this will show up. What can I do? I know they said I can report it but I don't want to get my mother in trouble even though she should I have 6 younger brothers and sisters who rely on her to support them and I don't want to take that away. How can I get around this?

2007-12-02 21:44:35 · 2 answers · asked by Anonymous

2007-12-02 21:33:26 · 2 answers · asked by Anonymous

OK house has been on the market for 6 months and was listed, at that time for 395. After a few months I lowered price to 349 and that price stayed fromJuly to Dec. I had around 15 agents look all this time. Then 2 weeks ago I lowered it again down to 325 due to comps. I finally got offer yesterday. I do want to mention that my mortgage is going to balloon soon from 1100 to 2300 a month which makes me more vulnerale to see so low. My home is now the lowest in my neighborhood with around 40 homes for sale. I never had it apprasied which was very stupid of me. Anyway went and met agent and hear is what buyer wants. The price they accepeted but the problem is they want to move in on the 28th of Dec. There is no way I can get out by then due to low funds. I have to hire a mover and cannot pay him until settlement. I am sure these people are anxious to move in due to tax break, not sure but assume that is it. also have to pay closing of 9500 closing cost, carpet professionally cleaned and get this the agency makes a whopping 20,000 on the deal. That is half of what I will make. Like I said I am afraid to turn down the deal due to the upcoming balloon payment. I have not even found a home yet. Does anyone have any answers for me. I am going to phone the agent this morning and tell him there is no way I can get out of here in 23 days. thanks

Janet Speckmeier

2007-12-02 20:30:21 · 3 answers · asked by Anonymous

2007-12-02 20:28:54 · 3 answers · asked by Anonymous

if my wife and i agree that i keep the house or whatever property we acquired during our marriage can a judge (texas)rule and enforce otherwise?

2007-12-02 20:18:11 · 4 answers · asked by mr. curious 2

My roommate won't pay her portion of the utility bills (which are all in my name) but she's continuing to pay her half of the rent to the landlord. I've spoken to the landlord but my roommate is denying that she isn't paying the utility bills and the landlord doesn't want to get in the middle so he won't kick her out. I left her a letter taped to her door offering to relieve her of all the money she owes if she agrees to leave in 30 days. Not only did she refuse to leave but she told me if I continued pressuring her she would get a temporary restraining order against me and I would have to leave. I really don't want to lose this place--especially to someone like her. The only thing I have going for me is that the security deposit we put down is in my name, so if I leave, legally I'll get all the money back. Please help!

2007-12-02 20:13:31 · 14 answers · asked by Michael M 1

2007-12-02 19:34:03 · 6 answers · asked by curiousmorey 2

I have joint tenants. Both of their names are in the lease. The lady want to break the lease because she said the guy abused her. Do we have the obligation to force her to stay in the lease till the end of the lease or how does it work? I don't think he can afford it by himself. Please Need Help!!!

2007-12-02 19:00:17 · 5 answers · asked by tammy 1

Because our needs have changed, we want to sell our current house and purchase another one. The problem is, is that we owe more than it is worth. We aren't in any financial danger on our current loan, and our credit is excellent. Is there any loans or programs you can do to roll negative equity into a new house? Thanks!

2007-12-02 18:58:23 · 5 answers · asked by Tenenbaum 2

2007-12-02 17:41:41 · 8 answers · asked by Katy C 1

2007-12-02 16:51:47 · 22 answers · asked by Brandon 3

We have been working with a realtor for the past 6 months... she had been assisting us in our search for a home. Recently, she has asked us to sign an agreement with her. It states that if we purchase a home... she's our realtor for that transaction, no matter how the home was found. Our question is... should we sign an agreement like that? Does it help us in any way? Do most buyers realtors ask their clients to sign an agreement with them?

Thanks in advance for any advice! :)

2007-12-02 16:44:57 · 5 answers · asked by Matthew W 2

2007-12-02 15:42:13 · 2 answers · asked by anng56@sbcglobal.net 1

We are looking at a house, they are asking 197,000. They wanted 230,000 for it originally because an out of town relative told them it was worth it (NOT anywhere near market value in our area lol)

The house is still a bit overpriced. We really like it but honestly, in our area and at this time of year, 165,000 would be a fair price.

The owner has moved to a new place, the home is empty, and I was wondering what we should do. Wait until they inevitably lower the price after Xmas, or make a considerably lower offer soon?

2007-12-02 15:20:48 · 7 answers · asked by LifeLove 3

Things you know now,that you wish you knew when you began your investing career. Any info would be great.

2007-12-02 14:59:44 · 4 answers · asked by Anonymous

at all. Is this true? My feeling is that they are going to want to negotiate and whatever we say, they are going to say higher, so we should offer lower than what we want to pay. I would love any realtor's opinions.

Thanks!

2007-12-02 14:39:02 · 16 answers · asked by curious 3