 Whats the best way to sell my house quickly? |
| The red letters are coming more often, think we are gonna have to rent again but would like to move fast! Any tips for a quick turnaround would be great!... |
|
 How can I get my deposit back from my old landlord? It has being 5 month already that I left his house? |
| and how can I complain about the fact that the house heating didn't work, what made me and the next tenant endure a lot hardship ?... |
|
 Landlord took my belongings then served a 3 day notice wont return my stuff unless i move out? |
| land lord removed my garage door claiming to fix it ,it wasnt broken ,and took all my tools 10,000,00 dollars worth , and never replaced the garage door then served me with a 3 day notice 2 weeks ... |
|
 What is the current valuation of my house? |
| 10033 S 46th Street, Phoenix, AZ 85044... |
|
 Can my homeowners association dictate what I can add to my property? |
| I moved here (rural Arkansas) five years ago. I have never signed (nor have I even seen) any covenant, by-laws, or other agreements. Now the HOA for my street is objecting to the garage that I am ... |
|
 We are currently trying to sell our house, it has been on the market for about 2 months.....? |
| We have showings all the time but just no offers! We have recently lowered the price, we have painted, updated the house although its like new, cleaned carpets, we have really tried everything! S... |
|
 Can a landlord install used appliances when new ones were promised? |
| I signed my lease w/o appliances installed yet. I was told new ones were going in, and still have the advertisement that says "New Appliances". Instead I got old dirty ones that clash with ... |
|
 What happens when you break your lease and don't pay? |
| I am breaking my lease at my apartment complex. I gave a 60 day notice and I am paying the rent until my very last day. But they are also charging me another move out fee of $865.00. What happens if I... |
|
 What would you do if you had 86,000 dollars? |
| I am thinking of buying a house, as in putting about 60,000 down and using the rest for time beings mortgage.... |
|
 Is there a reverse mortgage available for people less than 62 years old? |
| I am a US homeowner. Instead of refinancing, I wanted to explore the possibility of a reverse mortgage.All I have seen so far is that this is only good for homeowners aged 62 or more. Is there a ... |
|
 Does anyone know if it's legal to sell a house with graves under it? |
real estate listing w/ no mention of the graves:
http://www.lowcountryhom... |
|
 I owe the housing assistance money but they wont let me pay.? |
| I am a single mother and needed low pay housing about 6 years ago. I just found out that I owe them money for moving out and not sending them a letter,but they say they can't find me in the ... |
|
 Im viewing a house in the morning they want £92,000? |
| what should i offer ive seen it on the internet it what we want nice area 3 bedrooms central heating garage conservatory nice gardens please help first time buyer with 10,000 ... |
|
 My landlord entered my apartment without proper notice, what can I do? |
| I've noticed that my landlord/apartment staff has been entering my home without notice and I know this is not legal. Under MN law, the tenant privacy states that no one can enter my apartment ... |
|
 I am a landlord, my tenants pay only portions of the rent when they feel like it. I feel like I am harrassing? |
| them but now here it is the 10th of the month and I have only recieved 1/3 this months rent. They said they would pay the rest on 11/6 and Istill havent seen it. They will not answer the phone, and ... |
|
 My landlord has a key, can he come in anytime without permission? |
| I am just curious. My husbands parents purchased the home, and we are renting it from them... we are just paying the mortgage. If we are not home is it legal for him to just go in anytime he wants?<... |
|
|  |
cowtrasher | 19yrs old, in college, is there any way I can buy a house? |
If I work full time, do you think i could possibly get a loan to buy a forclosed house or something?? is there a way I could buy it with a friend?? Thanks |
 |
 
rawleighman
 |
Yes pay cash |
|
Brother Otter
|
You sound ambitious!! Good for you!
There are several factors to consider.
Could you get a loan? Possibly. It depends on the house, the banker, and your circumstances. Three sentences about what you have in mind don't give us enough information.
Another factor is your time. DO NOT underestimate the amount of time it takes to remodel a house. I've done several. It's a big undertaking and could create a scheduling problem for you while you're in college.
The remodeling effort requires a continuous stream of money. Do you have a regular income? If so, is it a job? If so, how do you intend to keep up with classes, studying, job, AND working on the house?
Be very careful with the "buy it with a friend" idea. You're talking about a joint investor relationship. You'll need a very carefully worded legal contract since people's circumstances change and neither of you will want to get 'stuck' if the other has to pull away from the deal.
Can it be done? Yes, it can be done. But it'll take a lot of work and juggling. Go into it with a realistic budget on all of: Time, Energy, and Money and you could be successful. A young man will have plenty of energy. Time and Money are your especially limited resources. Be sure to establish a relationship with someone older whose judgement you trust (based on how well they're doing in their own life).
Good luck. |
|
PoohBearPenguin
 |
Possible, yes. Easy, no.
Unless you have a ton of cash lying around (as in enough to buy the house outright) it's going to be very difficult to convince the banks to give you a mortgage. Although it sounds counter-intuitive, it's actually HARDER to get a mortgage for a foreclosed property.
Personally, I wouldn't even think about getting a house while still in college. Just worry about getting your education and your degree. The banks will be a lot easier to deal with after that. College is a very volatile time in your life and you don't want to be tied down to a house if, for instance, you suddenly get the chance to go to Europe for a year. |
|
Lisa L
|
Under 21 is not a minor. Under 18 is. If you have job history & can qualify, i.e. substantial credit references, the income, the assets (or a gift from a family member) you may be able to buy a home. The only way you will find out is to call a loan officer. FHA will probably be your best bet. Just remember, a house payment will not be your only outlay when you own a home. Have reserves for any repairs that may come along. |
|
Answer Man
 |
yes as long as you have the finances to make the payments. go and check out bankrate.com and click on calculators and click on "how much home can I afford" |
|
☼AstrologerJuliAnne☼
 |
What amount are you willing to put down? What is your credit history/score? How much debt do you have? How long have you been working for the same employer or in the same field? Being 19, you most likely have a limited credit file, which will work against you. Can you get a co signer? I would never say NEVER that a 19 year old cannot buy a house as I bought my first house at 20, but that was a different time, and I had 6 years of credit history at that point ( yea, they gave credit cards to teenagers for some reason back then.. ? ) so there is no harm in meeting with a broker to discuss your ability to buy something. Another way you might be able to buy something is a Lease to Own, or seller financing. These are a bit more creative in the way you get into the home, but can help you on the way to home ownership. Foreclosures themselves are a breed all their own, and not for the meek. Sure, you might get a REO for a great price, but is it being sold AS IS? as most REO's are? That means you get in there and are responsible for any and all repairs, and believe me, those could run into the thousands. Don't give up the dream at 19 of owning something, as perhaps you have the financial ability to get something, every persons situation is unique. |
|
infinite crisis 247
|
it depends upon what you make. being as you are a college student, i can't see you making a huge salary (if i'm wrong, than i'm sorry...no offense here). in this day and age lender's are a lot stricter. do you have good credit? and by good, i mean over 700 FICO? a lender is going to see you walk in, and your age and student status are going to be two strikes against you from the get-go. it would also depend upon what market that you are looking to buy in.
i would stay away from foreclosures unless you have a good real estate agent and you know what you're doing. if you don't, you can get fleeced. if you do go the foreclosure route, better make sure that you get a really really good home inpsection.
do not, i repeat, do not, buy a home with a friend. it will be a huge mistake that can really cost you in the end? what happens if one of you wants to get out of the property and the other doesn't? will one of you have the cash to buy the other out? i've seen lawsuits over this kind of thing. don't do it. friends and business don't mix, and by going into this home together, he/she would become your business partner. never ever buy a home with anyone other than your spouse. |
|
boilerette72
|
I had a friend in college who did this. His parents gave him the money for the down payment (I guess they figured the $15k down would be the same as paying for 4 years in a dorm). He had enough credit and income to qualify for the rest. He rented out rooms in his house to other college kids. He actually made a profit.
So, if you got 10% down, good credit, and a steady income, then I do not see why not. Go for it!! |
|
Alterfemego
 |
Let's ask ourselves some questions, do you have a credit score above 700 ? Do you have money for down payment? Do you have a monthly income that will support a mortgage, car, food, living, and college? Are you planning to stay in this property for more than 7 years?
I know values are low and it's a great time to buy, but you have to be prepared to take on that kind of responsibility. The reason we have so many foreclosures, is the homeowners couldn't afford to pay for them. So do us all a favor and wait until you're ready. |
|
S-Dot
|
Age is not a requirement when applying for a mortgage, its actually against the law for a financial institution to discriminate against you based on age.
They will however turn you down if you do not have sufficient income or a steady job or if you have not so great credit. I think your score needs to be at least a 620 and that is still on the bottom for mortgages. Length of credit record/history is also important. They want top know that you have an established history of being responsible with credit. Try to get a FHA loan. Make sure you have a down payment, they will take you more seriously.
Also, considering today's market, its a great time to buy, but don't plan on selling it any time soon because everyone will low ball you on their offers. Plan to keep it at least a year. Maybe you are in an area that is doing well and you could sell quicker. I doubt it though. |
|
Bibs
|
Since you are not 21, you are a minor. Any contract you make, you can later void, if voided before 21. Only a fool of a lender would involve themselves in such a situation. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 39 minutes(s) ago
| | | |
12 | 2 hour(s) ago
| | | |
12 | 6 hour(s) ago
| | | |
12 | 8 hour(s) ago
| | | |
12 | 9 hour(s) ago
| | | |
12 | 1 day(s) ago
| | | |
12 | 6 day(s) ago
| | | |
12 | 1 week(s) ago
| | | |
12 | 2 month(s) ago
| | | |
12 | 3 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
