 Should me and my common law girlfriend buy a house together?? |
| I have been living with my girlfriend for the last 5 years and we are looking at purchasing a new home....TOGETHER... is this a good idea...or should we wait till we get married... not really in a ... |
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 Can my landlord deduct £570 from my deposit? Is it legal? Can I dispute it? |
I have recently vacated a flat that we looked after impeccably. The landlord claims to have found a small stain on a mattress that he describes as the size of a finger nail.
He is now ... |
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 The owner of the house !! HELP !!? |
The owner of the house I live in told me that in 3-4 weeks I'm going to have to move out !
She put her house For Sale on November of last year, but in the area we live it's very ... |
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 If my home went into foreclosure, how could I protect my bank account savings in order to start a new life? |
| I have heard that creating a living trust might not protect me nor my assetts, particularly if I'm a beneficiary to trust designee, and the one that created the trust. I have 2 kids that I could ... |
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 Getting a Mortgage with credit card debt? |
| My credit score is about 605. I have several credit cards with balances near the limits (about $45k), but no other credit problems. My wife's credit score is about 640, with little debt, but ... |
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 I have 2 houses? One is primary and second is a weekend home about 50 miles away. I want to refinance primary |
| The problem is that I am over 80% LTV on my primary residence. Can I do a FHA loan? I am currently at 90%LTV. Is this the best thing to do? Anyone have any other suggestions? Even with PMI on a FHA ... |
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 I'm trying to sell my house. Other than obvious stuff is there anything I can do to make my house sell faster? |
| I need my house to sell between now and Jan 1. What can I do in my house to make it look better to buyers/stand out? I own a small two bedroom house and I don't have tons of cash to give away as ... |
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 First-time home buyer? |
| I'm a first time home buyer with excellent credit. I have some credit card debt that I would like to like to roll into my mortgage as this would help me with cash flow. I'm planning on ... |
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 I dont know what a tracker mortgage is? |
Can some one please explain to me in lay mans terms the different ways of paying back a mortgage ie:
What is a fixed rate Mortgage
What is a tracker Mortgage
What is a Flexible M... |
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 Can a landlord prohibit a tenant from moving in a friend? |
| Is it legal for a tenant to move in a girlfriend/boyfriend who is not on the lease or must they have the landlord's permission?... |
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 A visitor has been staying at my house for 14 months! does she have ownership rights? |
| I want to have visitors staying, but what makes the difference between a visitor and a dweller. For instance they get their mail sent here. If they become a dweller do they get ownership rights? This ... |
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 Need some REAL help PLEASE!? |
dont know if too many people will know an answer to this but help me if you can.
how will the Chicago Land area's real estate be for the next year or so? i really need it to do well. its ... |
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 Help me come out of this situation.My Landlord is going to sell the property after the contract period.? |
| Meanwhile ppl are com ing every now and then to see the property especially on weekends when we want to have some leisure that too twice r thrice .How do I avoid this situation and handle it smoothly.... |
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 Can you buy a home with no money down? |
| My husband and I would love to buy a home but we have no money for a downpayment and can not afford to pay more then $600 a month including the insurance on the house. Is there any way we could do ... |
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 Isn't there a law saying I don't have to pay for the landlord to paint my apartment? I've been there a year? |
| I got charged a 500 dollar paint fee off my deposit. Also, they took off 65 bucks for a late fee from last year!!! There has to be some place I can go to file a complaint and get me money back!... |
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Sid L | Am I wrong or is my mother? |
I made several financial mistakes which have hurt my mothers financial stability. She had financed a house for me which I was responsible for making the mortgage payments. As of know the house is in default and is currently on the market. I had given my mother the name of a company which specializes in selling homes which are in default. She refused since she does not trust me. She decided to use a family member who has sold six houses one of them being a short sale. The bank has turned down many offers so far. She wants me to come up with money which I do not have to up the offer to the bank since the buyer will not offer more. I have also learned that our family member is making about 13k on the sale. In closing, was she wrong about not considering the company which I found and should a family member be making that kind of money off of this house. Its important that this house sells since my mom owns another property which is free and clear and does not want the bank to go after it. |
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Landlord
 |
Man, you are a piece of work. I am glad you aren't my child.
Basically your mother is right, you are wrong.
Commissions are made on houses, relative or not. You should not make this an issue. The relative is still working.
You should do whatever it takes to save your mothers credit. You have $crewed her over big time and she may NEVER recooperate, even if she does it will be many many years down the road.
BTW, she is also right to avoid the default "specialist", there is no such thing, anyone claiming so is running a scam. |
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Aidan
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No its not wrong of her, its not right of you to fold on your agreements either. Your Mother seems to be doing the right thing by limiting the amount of financial liability. |
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James Watkin
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You are wrong. She can do as she pleases. You are the last person on this earth she would trust right now to make decisions involving money as you have already shown yourself to be too irresponsible to handle your adult responsibilities.
The fact that you are sitting here wondering who is wrong and who is right is horrible. You should be at a second job getting her the money to make up the difference. If it weren't for you she wouldn't even be in this position. You can try and turn it into whatever other issue you want, but it doesn't change the fact that you messed up.
Your grown, it is time for you to stand on your own two feet and take care of your debts. If this means working 16 to 18 hours a day so be it. Man up and pay your mommy. |
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Gregorio
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WARNING, stop reading now if you don't want to hear my opinion, you may not like it.
You are wrong!
You took on a responsibility and you ruined your mother's credit. Now you want to tell her how and who with, she should go about cleaning up the mess you made? 13k is nothing to make on the sale of a house, especially a short sale given all the time and effort that goes into it. And what do you care anyway, you were given a chance that many people would cherish and you threw it away and have the audacity to complain when you are asked to pony up your share? Outrageous! Why would she want to trust you to pick someone to sell the house when she could not trust you to pay for it? Grow up! |
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Sharon
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You asked so don't read what you don't want to hear.
Say nothing about the transaction unless you can help financially. Why should you have any say in something you so royally screwed up. You should be embarrassed you did that to a family member. Even worse your own mother!
Say nothing and pray that your Mom doesn't write you off.
Hopefully she's learned too and will never give you another dime. Although if I had to bet I'd say this is a pattern. |
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frankie b
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How can you even think of putting blame on your mom? She did something extremely nice for you by financing your home, and now since you screwed up you want to blame her? Glad your not my kid. Learn some responsibility and get a second or even a third job to save your mothers credit from further damage. I cant believe you are even asking this. |
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Yellow Mochiko
 |
I am not trying to project my view onto you... and this is just my personal opinion. Please don't take it the wrong way.
I believe as long as one person still financially depends on another, one basically has to follow what the other person says. Not necessarily a kid to a parent, this even includes a mortgagor and a mortgagee relationship.
If my bank says jump - I say how high. If I don't like it, I switch to a different bank.
My mum financed my brother's business. Until he can pay her back, he is under this emotional obligation to follow what she tells him to do - unfortunately, including which girlfriends to dump and which girlfriend to keep. Nasty, but if he doesn't like it, he should've switch to Citibank or HSBC or National Bank to get his finance, and not Bank of Mummy.
I think you are in the same position mate. Sorry to say. That house is practically your mum's albeit you were meant to make the payments - and therefore you have no say no matter how wrong things might sound/look to you .... |
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sylviavnpttn
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why should you care who is making any money off the house since YOU put the house where it is at today for sale. Your mother is not wrong and given the circumstances I think I would do the same thing if I were her. |
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C D
 |
I'm not going to sermonize about the personal responsibility aspect...others have already done that.
But, if you' re thinking that selling your house to a company that specializes in buying defaulted homes would have given you a better deal--think again! I've been reading some pretty awful horror stories in the press these days about some of these companies that are trying to capitalize on the whole mortgage mess. My guess is any such company would be making a hell of a lot more than 13K on the deal! |
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sspice5757
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Sorry, but I would be doing the same thing as your mother. You defaulted on a HUGE agreement. This is a really big deal and it needs to be handled correctly so it doesn't hurt your mothers credit any more that what it already has. I would be save to say that you probably will not receive any financial help from your mother again. What she originally did by helping you was an unbelievable thing of her - you should feel extremely bad about what has happened. |
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john_dennis
 |
Every bank handles short sales differently, a company that specializes in short sales (where you owe more than you can sell it for) isn't necessarily going to be more competent. That part makes no difference, neither does the amount of commission earned on the sale (which the lender has the ability to modify also), since you're going to pay someone to handle it either way. The default status just adds time pressures to the situation.
It is difficult to answer much of this because of lack of specific details, such as where the property is located, because laws vary greatly between countries and states. In most circumstances, the financed real estate is the sole recourse, but that can vary depending on the loan you obtained.
You should be conversing with the family member with the real estate license that is handling the sale. That is probably your best source of advice and information.
To sum it up, 1) no, I don't think she was wrong in going with a family member as an agent, that's more incentive to make it work in my book, and 2) if the house doesn't sell, they don't make ANY money, they lose money from their time, effort and expenses trying to sell it. It's better to pay family for a job than a stranger. You didn't give any information about what the other company wanted to charge, which is still irrelevant because the lender will determine the amount paid to the agents. |
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Lisa M
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Your mother is looking out for herself--she is right for doing so. |
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