 I own a house and rent it out, but the rent doesn't cover the entire mortgage, and I have fallen (see details) |
| behind on the mortgage payment and am thinking about letting it go to foreclosure. Can I still collect the rent? And what should I do with the rent money? Do I have to keep it in an account, or ... |
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 Why are there so many home foreclosures? |
| I've been reading about how there's a real big problem these days with people losing their homes? I'm sure that sudden unemployment or over-spending might account for some of it, ... |
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 If you put your house for sale do you have to sell it if someone offers your asking price? |
| if asking 200k, and a buyer offers 200k, do you have to except his offer. is there a penilty if you change your mind and do not sell it to the offerer?... |
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 When is my first mortgage payment due?? |
| I have just applied for a mortgage with my partner. I was just wondering about the first mortgage payment. If we are accepted for the mortgage, when will the first payment be taken out of our bank?... |
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 What do you think of this move out deposit? |
| I rented for 2-3 years. We had cleaned the house and had the carpets proffesionaly cleaned. We did our walk out inspection on the 5th. The lady said that it was 'one of the cleanest houses' ... |
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 I was willed a home that is upside down on the loan? |
what options do i have?
I cant afford to keep it...can i just tell countrywide to take it???... |
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 Flatmare refusing to pay rent.? |
My flatmate is refusing to pay rent, however she has signed a joint lease but the rent comes off my account.
She quit her job and now has no money but she's refusing to contribute ot rent, ... |
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 Can i sue my previous landlord for this? |
| My previous landlord is trying to sue me for damages to the house and not paying rent when they kicked us out 3 months before the lease is up. Also they kept the security deposit that I was promised ... |
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 Customer wont pay? |
| I have just fitted a kitchen for a customer and they are refusing to pay. The kitchen was fitted last week and the money was due today but they say there is a scach on the work top so they are not ... |
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 How does paying down a huge amount on my mortgage affect my payments? |
If i buy a house for 300k, put down 30k and get a loan/mortgage for the remaining $270k . if 1 year later
i pay off a big amount of about 50-60k on the loan, will that help my loan payments at ... |
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 How do I get my landlord to stop the flooding of my apartment? |
| I have a townhouse that has a porch and sliding glass door. Twice since i've lived there and we get heavy rains, the water comes in from underneath the carpet by the door. The first time it ... |
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 As a tenacy with contract of one year how long notice i ha to give to may landlord as i lived 6 month? |
| I lhave a contract of one year in a property in uk i benn living about 6 months now i need to give notice to my landlord do i give one month notice or 2 months?... |
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 How to change from a 30 yr mortgage to 15 year? |
I bought a house a year ago and am in a 30-year mortgage. I was just looking at a 30 vs 15 year calculation and the 15 year mortgage is only about $100 more a month.
Can this be right? The loan ... |
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 My lease ends July but, my apartment says I cannot get out of the lease until September.....? |
| My lease ends July but, my apartment says I cannot get out of the lease until September because I didn't give them a heads that I was leaving on July. Is that true?... |
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 Once the old house is purchased how many years can you sew last owner for hidden faults? |
| we bought the house last year only to find out that the floors are completly rotten under ceramic tiles as well as the floor in the basement under carpet. Rotting is due to water entering over ... |
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 For all builders out there honest questions no stupid ones? |
| we hv just moved into property owned by housing assoc brand new were told not to do anything repairs for a year time is up now by law what should they be doing bearing in mind there are cracks ... |
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 How low will House Prices crash to? |
| How much are house prices going to drop in the next year? First time buyers need up to 50% to make them affordable... will they get there?... |
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 Landlord Issues!!!!!!!!!? |
Our Landlord comes round all the time to check up on us - thinks were ruining the place but the letting agent thinks our house is neat and tidy.
Its getting a bit annoying having him come ... |
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Ashley Hall | As a Landlord, Can I.....? |
My husband and I just moved into our brand new home in Texas. We now have decided we should have bought something bigger and want to start a family. There is no way we can sell our home. We want to rent it/lease/finance it to someone. Is it legal for us to have them pay the mortgage but for them to be responsible for fixing if something should break. We don't want to charge an extra 500-600 a month to cover those things, we just want someone to pay what we owe and take care of the property. What is our best route? |
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college_student
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I think it's called sub-leasing, and your best best is to talk to an attorney to make sure you don't get the raw end of any deal you get into. |
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kagent1561
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If they agree to your terms in the lease it should be legal. i would simply charge them the mortgage for their rent then pay it myself rather than depend on them to make the proper payment for you. |
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Michael / MrPORSHA / knottieWood
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set up a rental agreement to cover costs, DONOT get them involved in your mortgage. what if they default and you don't know about it. |
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Ken
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You can agree to have your tenants perform the maintenance but, unless you find someone that you really trust, it is not advisable. You are entrusting repairs on your home to someone that you do not know. Further, they may not have the money to properly maintain it when the time comes. Then there will be a dispute and they will move out without fixing the items. What items are they to cover? What if it needs a furnace? roof? Just charge them the extra $200 or $300 per month and put that away for repairs. |
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Kim W
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You can set the rent, the renters should not be prevy to your mortgage details. You are responsible for repairs, however you can hire a property-management co. to handle renting and light repairs. The renters can legally take you to small claims court if say you don't replace refrig. or of course you want to get right on water damage. Its the price you pay. |
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da_red12
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You could put that stipulation in the lease but I dont think it would be wise. If the renters dont fix what is broken then you are ultimately stuck with the property. Charge the extra amount and save it. Also, I would not trust them to send the mortgage payment to the company, collect it yourself or hire a property management company.
Good Luck |
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Janet P
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If you just bought the house you are going to have a tough time getting a renter willing to pay that much. Also keep in mind that you void your loan and have to refinance when you rent your home. A standard mortgage is for a primary residence and does not cover investment property. If you rent w/o telling the bank you are committing fraud and banks are coming after fraudulent loans these days. |
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wscarpelli@sbcglobal.net
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You can do a lease option. This gives the renter the option to buy your home at a future time for a set price. They are much more likely to take care of it as if it were their own, if they are thinking about buying it in the future. |
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Cardinal Rule
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Do you really think you're going to find a tenant who will cover your mortgage PLUS and extra 500 or 600 a month??? That is not going to happen. You'll be very fortunate if the rent covers the mortgage. No one would pay more than that because they could just buy their own house for the same price they're pay you. |
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Karen
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As a renter, I don't think you would find anyone that would want that deal. I would prefer to pay extra and not have to do maintenance. I think you will find that most good tenants feel the same way. |
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Joe Dragon
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Depending on the laws for your area you can put that stipulation in the lease with whomever rents your house and make them responsible for any house problems which should occur during their time living there. |
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