 In foreclosure, can they take other property? |
| I can't make current mortgage payments, and am trying to sell. But if I can't it will go into foreclosure. If the bank sells the house for LESS than the loan amount, can they make me pay ... |
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 College, flat and a job ~ only 16 need advice!!?? |
hey !
i want to move in a flat with 3 of my friends into a 2 bedroom flat (we're gonna share rooms) but i know that rent is very expensive so i would need to get a job to help pay for it, i&... |
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 Foreclosure or...? |
| I own a rental with huge structural problems needing repair and tenants who never pay their rent on time. The building is below code and this wasn't reported to me by my inspector. I am in ... |
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 How do i rid myself of a renter who wont pay rent? |
| i have a renter who will not pay her rent. i want her out because i have someone who will. i dont have the money to go to court. what do i do?... |
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 My new home contract says that the home is pre-wired for a security system, but I found out that it is not? |
| They are only offering me $150 to make up for this. To me, the pre-wiring was an attractive and valuable part of the home purchase, especially when I decide to sell it. What do you recommend that I ... |
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 How can medium income people afford a home in California? |
How is it that people can afford homes in California if a small home is $400,000 or more?
I know for a fact that people don't make 8 times as much as the rest of the country.....
... |
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 Roomate problem? |
| I recently bought a house on my own. I got a renter to help allivaite the added costs of living. But this current roomate seems to think he "runs the show". He takes things of mine and ... |
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 Will we be able to refinance our home ? |
| We bought our home in Riverside Ca. in 11/05 - we have a 5 years interest only loan - we have 3 years left on that loan. We can refinance at the 5 year point - but with the market the way it's ... |
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 How can you buy a house if you have bad credit? |
| How can you buy a house if you have bad credit?... |
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 My rental property has mould and damp. the landlord keeps telling me to wipe it off and keep windows open? |
| is this legal . i have reported it many a time and he says its because of double glazing. whats my legal ... |
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| Has anyone had their home reposessed.? |
| If so where did they move to, do councils rehome them ?.... |
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 I am purchasing a foreclosed home and I am trying to figure out what the property taxes will be. Help!? |
| Ok, so on zillow.com is says the property is appraised at $125k-149k but I am only paying $84k for the house. I am waiting on my appraisal from the mortgage company. Is this appraisal used to ... |
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 If I plan to move mid month, do I have to pay rent for the entire month? |
| My lease is up as of 7/30, but my new apartment won't be ready until 8/7.... |
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 What do you think??????????? |
What do you think of Oklahoma? Is it good or bad place to live, also whats the rent like around there (cheap or expensive). Be as honest as you can.
Additional Details
WOW!!! NOT THE ANSW... |
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ShannonFlorida | Buying a home in a bad neighborhood? |
My husband and I have the option to buy a nice 3 bed/2.5 bath home in a good area of San Diego for $480,000 which would make our payments somewhere between $3,000-$3,600 per month. We make decent money, but this would make things tight. Now we have the option to buy his parents old home 3 beds/3baths which would make our payments about $2,700 per month. We would get rent money from the studio house in the front part of the property which would make our payments $2,000 per month. This would free us up of a lot of money.
The only problem is that the 1st home is in a great area, has a lot of yard with grass, tons of plants, is very private and the 2nd (his parents) is in a very bad area, has a pool. There is a lot of crime and is less appealing. I wouldn't feel safe there. I don't know if it's a good idea to buy the home in the bad area. What do you think? Is it worth saving the money? This would help us out with the stress and I could finally buy a new car.
Additional Details
Well we do not have kids yet. We hope to stay in the crappy neighborhood for a couple years, who knows how real estate will be in the future.
It's tough because he was raised there and feels totally compfortable. I agree, safety is more important, but I can't get him to go another route. He refuses to buy a condo which would save us money. Am I being selfish for not wanting to live there? |
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Mike
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I grew up in a high crime neighborhood. I would never live in a high crime neighborhood if you gave me the house for free.
If you are in a high crime neighborhood, that new car that you want to buy with the money that you save will be stolen. I guarnatee it.
Also your home will be broken into, and your belongings stolen.
If you are lucky you will not suffer any physical injury from the criminals in the neighborhood as long as you immediately hand over all of your valuables when they rob you.
I recommend that you never ever live in a crime ridden neighborhood. |
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Real Estate Guy
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location, location, location is the MOST important part of real estate. |
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bumblebee
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Look around some more and find something within your price range in a better neighborhood. |
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Richard B
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The $$$ savings are not worth the danger. |
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daeve930
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Are you really considering buying a house you're afraid to live in?
Do you have kids? Would you want them to live there? I know the prices in CA are out of sight, but your security is at stake. |
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audoribleaudrey
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It is worth it to spend more money to be safe and enjoy your area you will be living in. If you are still unsure why not try looking for a decent area for a price right in between? Sure it takes time, but you are making a big investment! Surrounding areas of your ideal location may be an option =) Good luck! |
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kylometers
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Well, I'm not sure what you can do to get him to budge on the location issue but with regards to the condo, I'm going to have to side with your husband on that one. With exceptions that are very few and far between (basically super-luxury condos in high-demand areas...Manhattan for example), buying a condo is a bad idea when compared with a home for a few reasons.
1) Since an "indefinite" number of condo's can be built on a parcel of land, the supply is nearly limitless. Bad for the price of your unit.
2) Condo Fees
3) Condo's are the last thing to appreciate and the first to depreciate
4) Families are the largest segment of home buyers, and very few of them buy condos. Thereby, you exclude the largest pool of potential buyers when it comes time to sell
5) You have very little control over the value of your condo...neighbors, building upkeep, bylaws, etc.
I don't know anything about San Diego and what is considered safe vs. unsafe. My rule of thumb is that if my wife can't go for a run in the evening and feel comfortable, I probably don't want to live there. Is it just a "rough" neighborhood where the houses aren't that nice or is it actually a mecca of crime? |
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xeno277
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I live in Florida, but I still think it's laughable you would pay 480K for a home it probably took 90k to build.
I would stay away from buying a home right now or lowball. I feel real estate prices have at least 15% more downside.
It's better to buy the worst home in a good neighborhood than the best one in a bad neighborhood. |
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Lory R
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I live in San Diego and there are more homes available for less than that which would be about the same size. What area are you looking in? San Carlos, Santee, Lakeside, etc. have some great deals right now. If you would like some help, let me know. I am a loan consultant and I can search for you free of charge. Good Luck! |
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