 Anyone know the tips of how to get the house sold faster? |
I have 3 houses in my hand and would like it get it sold soonest.
Thanks in advance for every good advice of yours.... |
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 How am I supposed to do afford my rent? |
| I have a full time job with the government, a second job as a waitress, and I attend night school. Even with my two jobs I barely make over $1000 a month. I am single, and live alone. I live in the ... |
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 What would you do? |
| I just moved to an apartment and we had to pay $400.00 a month for our dog. $200 is a security deposit and $200 is a sanitation deposit. Puld I have to pay $20 extra a month for rent. I don't ... |
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 How much should i charge for rent? |
for an apartment with two rooms, one bathroom, one kitchen and a small yard, in Flagstaff Arizona
rooms and kitchen are about 110 square feet each, bathroom is about 40 square feet
<... |
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 My husband needs to make peace with Grandma. How can we make her understand? |
| Ok, we reluctantly bought grandmas house from her for her named price. It was on a high traffic main road, had apartment buildings on one side, and was outdated. Because Grandpa built it, we put a ... |
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 Can my landlord evict me if he has someone who wants to buy the property? |
| I am under a 1 year lease that expires in April 2008. I have to notify my landlord if I am going to buy the lease to purchase I am renting from him. I am not going to buy it. I will be cooperating ... |
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 I sued a tenant and won a judgment. I need to garnish their wages at work, how do I find out where they work? |
| I own several properties that I rent out. I evicted a tenant and I won a judgment for delinquent rent and property damage, about $3500. I filed a "garnishment of wages" at the courthouse to ... |
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 I'm renting a house: Is it my or my landlord's responsibility to maintain the lawn? |
THERE IS A MAINTENANCE AND REPAIR CLAUSE WHICH STATES:
"LESSEE WILL, AT LESSEE'S SOLE EXPENSE, KEEP AND MAINTAIN THE LEASED PREMISES AND APPURTENANCES IN GOOD AND SANITARY CONDITION AND... |
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 Stuck in horrible mortgage? |
| I bought a house in 2006. When I first purchased property (a house and just under 5 acres) I got a 1st and 2nd mortgage at Wells Fargo Bank 6% fixed on first and like 10.5 on second. My then ... |
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 What's better to rent a house or a town house for same price value? |
| i need help deciding on which is better for a family of 4? a house or a town house and which is cheaper? (bill wise)... |
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 My Ex-Landlord is being shady. Wont give back security Deposit.? |
Here is the situation:
I moved out of my apartment in New Jersey last month after being there 2 years. Before we left we cleaned the apartment thoroughly and rented a steam carpet cleaner and ... |
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 Does anybody know how much we would get offered for a mortgage on joint earnings of approx 37000. thanks? |
Additional Details
oh yeah sorry we are both 23 my partner is plumber and i work in jewellry shop not that that would make any difference. im only part time tho does that make a ... |
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 If I sell my house for money, what return will i get? |
i want to sell my place,pay off debts and move abroad.i have an interest only mortgage but my house is twice the price that i paid for it.
what amount would i have to pay back to my mortgage ... |
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 What to do with a 3 million dollar mansion? |
I'm just wondering...
If you were to somehow inherent such a big big 10 storie 1/2 mile wide mansion, what would you do with it?... |
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 When doing an eviction is their anything that I can do to make it uncomfortable for them? |
| My friend rented to the wrong people and now has started the eviction process. I am trying to help and wish so much that I could use force to get the trashy people out. what can we do to get them ... |
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 Home Loan for teens? |
| I am looking to buy a home loan, but I am having a hard time finding a bank that will even consider me because I am only sixteen. I am very motivated and a hard worker. I am also extremely ... |
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 Can the landlord just drop by and demand to inspection without notice.? |
| The landlord came by and demanded we let her in for inspection. We told her she should give us some notice and she could come by tomorrow at 1. She said we broke the lease and she is going to evict ... |
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 Rent Deposit - I never got it back? |
How long is someone obligated to give you your rental deposit if you never moved in the unit? I gave a friend who i was supposed to move in with $1500 for first and last months rent.
The ... |
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Jen | Can I lose my home if my renters do not pay? |
I have a home which was occupied with renters. They have stopped making payments to me so I fell behind $10K on my mortgage. I've evicted them and now I am facing foreclosure. I have not contacted the mortgage company as I just found about this-after months.Can I lose my home if the reason is the renters?
Additional Details
I was living outside the US for health reasons. The renters were making payments directly to the mortgage company, which is why I found out too late they were not. |
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Brian G
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Yep. However, there are many ways to fight off Foreclosure. Such as...if you were not properly served papers by the court...you can have any judgment abstained. You can find out if you have an "open" mortgage or not. If so, you can more than likely do a rate and/or term modification (or Forbearance). There are many things you can do...you just need to start educating yourself on how the whole foreclosure process works...and...if they actually even have the right to foreclose. Its actually very easy to stop foreclosures and sheriff sales. I have done it many times for properties I have purchased in the past through short sale. |
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devine_308
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Yes this is your obligation, you signed the note it's not the renters responsibility to pay your mortgage but you can file suit against them for the rent. I would try and work something out with the mortgage company on a repayment plan if you want to keep the home. |
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Jennifer
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Sure, it's still your mortgage, your responsibility. You should call your mortgage company and ask about other options that can save you from foreclosure. |
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acermill
 |
Of course you can lose the property. YOU are the one who signed the mortgate documents. YOU are responsible for the monthly payments, regardless of whether the units are occupied or not.
You need to learn that this is a business venture. The lender is NOT responsible for insuring that your expected rents are paid. |
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debbie m
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yep you could! |
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Samirah
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Well, here's a question, "why did you allow the renters to stay this long without paying?" I would have evicted them months ago...I would say this is really your fault. Unfortunately, the courts will not take your story into consideration. In fact, I promise they will ask the same question. |
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Real Estate Guy
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there is a little thing called the internet . . . where you can actually review your mortgage account on line each month to see if the mortgage had been paid. |
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Landlord
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The reason has nothing to do with renters. YOU did not pay, the mortgage contract is yours, not theirs. If you did not honor your agreement they bank will foreclose. |
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Sherry C
 |
Yes you can. I have a house that is rental property. I do extensive background checks on my renters, and I ask for a security deposit and 1st and last rent. This usually runs around 3,000.00 dollars. If they can't afford that then they can't afford my house. Also the first time they get more than a month behind, start eviction proceedings. You should not have waited. I also have a small savings account I keep just for any problems that may come up including repairs. I have a good rental contract also that they sign. When they don't pay go to justice court and evict them, then garish their wages. You would have their SSN and employer. I have never had a problems.
Try and take some equity out of the home to get caught back up on your payments, and seek the advise of an attorney. Pick better renters next time. |
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jw
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Its potentially even worse that what people are telling you.
If the mortgage on that house is in YOUR name...you will be personally held liable.
Here's what will happen.
The bank forecloses on the home and sells it at auction. The auction won't cover what you to the bank. The bank will promptly turn around and go after whomever is listed on the mortgage. They will claim assets to cover their loss (the difference between what you owe and what they got at auction). So not only will you lose that house and wreck your credit...the bank may come after you to cover their loss!
Moral of the story to all who read...get a liability shield if you own rental property. |
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misslady81
 |
i would take the former renters to court to make them pay what they should have if that's possible. if there is a next time always make sure you have the funds yourself in case someone isn't able to pay you rent, but yes, you can lose your place due to not paying your mortgage because it was in your name which makes you responsible.
*********I was living outside the US for health reasons. The renters were making payments directly to the mortgage company, which is why I found out too late they were not.****
yes, i would think that you are still at fault according to them. it would have been better if you had collected the funds yourself and made the payments or contacted the mortgage company yourself for receipt of payment. never rely on someone else in these situations. since it is in your name you are still responsible just like when there is a co-signer. maybe you should consult a lawyer to get a clearer understanding if you have something in writing between you and the people that you had evicted, but i would still think you could lose your house. |
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