Renting & Real Estate - December 2007

My boyfriend and I are interested in getting a new place together in a few months. We are able to pay about $1000 in rent and have found some nice 2 bedroom places that are in our price range. We will more than likely will be living there for a few years, until we decide to buy a home. We don't want to be throwing our money away by renting a place, but we are both new to renting and buying. My credit score is higher than his probably about a 690. We trying to decide while we have some offers available....HELP!!!!!

2007-12-12 12:05:43 · 45 answers · asked by mizz lady 2

and that I need to go and resign my lease because that is up as well. If I don't go to resign the lease what would happen. Can I continue paying what I'm paying now since I haven't signed a new lease, or will I be charged the month to month cost which is about $200 more.

2007-12-12 11:28:35 · 10 answers · asked by Texas Rose 3

2007-12-12 11:20:31 · 4 answers · asked by m26e4u 1

2007-12-12 11:12:30 · 5 answers · asked by Christine F 1

2007-12-12 11:01:46 · 4 answers · asked by Anonymous

By the laws and common practice, who exactly will be in charge to inspect tenants apartment when they move out and decide to charge tenants for something? Property management or the third-party such as someone who works as a public inspector?

2007-12-12 10:33:37 · 18 answers · asked by firstquality72 2

We are buying our 1st home. What is done during the inspection.

Thanks for your help

2007-12-12 10:31:16 · 12 answers · asked by justintime 2

I am taking the course requried but everything seems so packed up and I am losing track as I go along. My friend told me to do the course and then get a test prep site. Please any advice. I want to past on the first try.

2007-12-12 10:19:29 · 3 answers · asked by Diva 2

My agent wants me to put down 5% or 15K. I always thought you could put down as little as 3-5K or less. The house is in NY. I know the money goes towards closing cost. I just think if I am buying the house, why should I have to put down such a huge amount. My agent said thats the only way the buyer will negotiate my offers.

2007-12-12 09:46:49 · 14 answers · asked by turbo36 2

2007-12-12 09:16:13 · 11 answers · asked by S75 3

I have been an assistant to a mortgage broker for the past 2 1/2 yrs. Because I've worked for a very good mortgage broker (who actually finds the best rates to the borrower at the lowest price possible) I find it difficult to see good people like my boss become extinct due to bad brokers out there.

Indeed, I do believe that bank mortgage executives (& account executives) and underwriters are to blame for allowing the stated income/stated assets to have gone to far. Indeed, I feel that the banks should have questioned "obviously" inflated stated incomes by running a search from places like salary.com

NOW I feel that the mortgage banks will create a monopoly to charge WHATEVER they want to the borrower since they know that people are no longer going to brokers. At the same time too, I feel that banks should have asked why certain borrowers were applying for mortgages with predatory characteristics.

2007-12-12 09:08:19 · 6 answers · asked by christiansareawesome 4

If housing is already in short supply where do the repossed people find another roof to live under?

2007-12-12 09:07:02 · 5 answers · asked by New Sage 2

I just found out on my own that the landlord received a NOD in November their second one! I have only been living there for 2.5 months which means I have put in over 8k to stay in a place where I will be forced to move from. Any suggestions on my actions, and i do not want to buy the house. I already know I shouldnt pay anymore rent but that puts me in jeapordy with the landlord I also know I need to contact the bank but I dont know how to find out which one it is any advice is greatly appreciated.

2007-12-12 08:59:43 · 8 answers · asked by Marsbar 3

We had severe ice damage to our property. Some damage to the house which the owners said they would take care of but we have 5 trees down that will require massive cleanup. Am I responsible as a renter to clean this up or would that fall on the owners responsibility?

2007-12-12 08:35:45 · 12 answers · asked by janellw12 2

amount of work which is is fine thats what we wanted. Its an older woman who's husband passed away and she brought a small condo. Its listed at 379,000 we are putting a bid in for 300,000 and if need be we will go up to 310-315. What are the chances that she will accept the bid? We felt it was legite in this crappy market, houses keep going down and its needs alot of work... any thoughts?

2007-12-12 08:24:20 · 10 answers · asked by Anonymous

An acquaintance tried to refinance but couldn't because the appraisal of the residence came in too low. A factor was two houses (next door and across the street) were distressed sales, meaning they were foreclosed and sold at auction well below the price the other houses in the market were selling. I am talking about 30% lower. In one of the cases, the owner of the house rented to a group of young men who were making amateur porn and fight videos inside the house, and they totally trashed it. They eventually walked away without paying rent, leaving the owner holding the bag, who also just walked away. In the other case, a couple divorced, and neither could manage the payments on an ARM, and there the Bank also foreclosed.

Is it standard practice within the appraisal industry to factor in these distressed sales when determining values?

2007-12-12 07:48:45 · 10 answers · asked by gary.aldras 3

I'm a realtor that has had my income cut to less than half. Here's my current situation. My home is the biggest problem.

I own a home that I owe $400K on. It is worth about $440K at best. I owe the IRS about $16K. Half of which is over 3 yrs old. That is the only amount (the 3 yr+ old amount) I can put into Ch 7 BK. I owe about $12K in credit cards that are past due. I'm 2 mos behind on my car payment so I know they're going to come get it soon. I am working now in sales but don't clear enough to pay all my bills. I'm putting my house on the market this month, but the market stinks so I do not expect it to sell before they'll foreclose. I'm thinking of moving out and renting a place and trying to sell my home, but if I can't then I am considering filing Ch. 7 BK. My income for the year is under 40K. I have no other assets. Does this sound like my only option- try to sell the home & file Ch.7 BK if it does not sell? I am also trying to rent my home. Thanks in advance.

2007-12-12 07:18:14 · 8 answers · asked by TB1836 2

We have a complicated situation. We live in a duplex, never signed a lease, never gave a security deposit, we pay rent every month and thats that. They were friends of ours. Now we are moving out (we gave over 30 days notice) and we have til the end of the month, but the landlords (him and his daughter) want to show the house while we are still living here. I dont object except for i have pets (which i was allowed). 3 dogs, a cat, 3 ferrets and 3 rats. They want me to take all the animals somwhere every time they show the house, and for us not to be there. I dont think this is fair. I said I would fix any damages made to the house before we leave, clean carpets and paint, (we dont have the money right this moment) and we plan to, but there is no point in doing it now when our animals will still live here and we will have to redo everything again before we leave because of the animals. We can not move into our new house until the 1st, its only the 12th now. What do I do?

2007-12-12 06:51:54 · 8 answers · asked by MaxSydBD 1

The house was surrendered the house due to arrears, but only a few days ago. I now want to re-buy the house for my friend then sell it to get the equity out of the house and return the difference to the friend. Buying the house for me is not an option, neither is a family loan, they never work. The house was a council house which they now own.

Q1. Would a mortgage company refund the difference to the owner if/when the house sells for more?

Q2. Would the mortgage company allow us to pack back the arrears, now?

Q3.Is there a time limit to sell an ex-council property and not have to pay something to the council?

Help please... got to get this sorted and get the max equity out for the friend.

2007-12-12 05:40:51 · 5 answers · asked by Anonymous

I have a repayment mortgage and have done for 4 years. It seems odd that other buy-to-letters don't do this. I don't understand. What type of mortgage set up should I have? How do people make money in property? IS there a secret I don't know about!!!? I'm sure it all comes down to financing etc.

2007-12-12 04:51:05 · 2 answers · asked by Happy S 1

I issued 2 checks for rent & pet fees almost 3 months ago. However, the apartment's management (3rd party I think) hasn't cashed it out even though funds are available. I've talked w/ both apartment & property management several times and said they would cash it. Is there a way to somehow see if my funds drop below the check amounts so they can file a bounce check, etc? What site or resource I can use to find if this situation has happened before w/ them? Seems shady....

Thanks
- aggitated & suspicious

2007-12-12 03:50:04 · 5 answers · asked by LeoBeau 2

I have a great job making decent money and my boyfriend who moved in last year also had a great job. Since July of this year he has not had a job. I pay around 1400 per month for a condo, association, and energy bills. Boyfriend does not pay me, but helps around the house and takes me out to eat. He is a gem, however, I do not want to be taken advantage of and I shouldn't be the only one paying on the condo that we both live in. I am just not sure what is fair to charge him. Most people I talk to say half. I have charged him before, and have not heard the end of it. Please help me out. Fellow Yahooher

2007-12-12 03:45:53 · 12 answers · asked by Sugarmama 1

My boiler has been broken for 3 days now, meaning no heating or hot water. The landlord has been helping me get on the case of the engineers to fix it, but as always the engineers are taking their time, they're waiting to get a part in etc. Hopefully it should be sorted by tomorrow.
Do I have a right to ask my landlord for some money off this month's rent? Even thought it is not particularly his fault and he has tried getting onto the engineers?
Don't know if i'm being cheeky or not?!

2007-12-12 02:54:23 · 19 answers · asked by Eki TC 2

Why now a days are houses built so close together, like in Florida? I understand that the owner of the land wants as many houses as possible on their land to make more money, but my question is:
We are trying to put a garage on our house, and the town will not allow us to do it because it will leave only about 12-15feet between our house and next door.
Yet, in this same town, within 2miles, houses that are newly built have only 10 feet between them.
Codes should be the same all around.

Can I fight this???

2007-12-12 02:45:29 · 3 answers · asked by Mom of 2 great boys 7

I remember when I was talking to a realtor about a new home, she mentioned something about only having to pay property taxes on the land for the first year since it's new construction. Is this true?

2007-12-12 02:27:05 · 11 answers · asked by BW 1

Is it true that who ever bought a house with 5 year interest only loan and now is adjustable, that the government can give them a fix rate. How would I find it out?

2007-12-12 02:25:20 · 2 answers · asked by gary d 1

I live in an apt complex that has been being renovated since the beginning of summer! They are remodeling the unit below us and the banging, drilling, etc, always started at 8am. For the past several days, I have noticed they are working earlier. Yesterday, around 7:45 and today 7:30. My son is still sleeping(little sweetheart),but I know he will be up soon because of the noise. Isn't there some kind of law that says construction shouldn't begin til 8am? I feel they are pushing their luck, and I'm getting mad about this.
Oh, what do you know? My son's up.
Please help. Thanks.

2007-12-12 01:02:34 · 5 answers · asked by karly 4

What's the catch is it really that cheap? How can I go about buying one? Do regular realty companies help? I see some houses listed at like 20,000 for a 3 bed 2 bath home... Is it for real? Any websites or realtors you know of I can talk more to about this because I will save up 20,000 and then buy a house flat out if that's the real truth.... Please All Info you can provide real facts and sources to back it up. Thanks

2007-12-12 00:50:22 · 12 answers · asked by kit-kat 2

We received an offer on our house Monday night. The asking price is $124,900 and the offer was for $116,000 with $3000 closing costs. We countered $123,900 with $3000, which is what our realtor recommended. The prospective buyer countered $117,000 with $2000 back and said it was a final offer. We countered that with $119,900 with $2000 back which is actually lower than we should even go financially. So, what are our chances of having the offer accepted?

Additional info:

Our house has been listed with a realtor for 4-5 weeks. We have had steady showings (1-2 per week) since it has been up. Each realtor has said that ours is the best house for the price. Two friends have sold houses in the past two months in our neighborhood. One was asking $127,900 and received $125,000 with no money back (sold in six days). The other was asking $141,900 (a little bigger, all brick) and received $135,900 with no money back.

Thanks!

2007-12-12 00:03:32 · 6 answers · asked by Anonymous

I know that buy-to-let lenders will be more willing to repossess, due to the fact that the borrower does not live in the home - but I need further details!

2007-12-11 23:55:36 · 2 answers · asked by Tom S 1