 I am having an apartment inspection tomorrow, and i was wondering what they were allowed to inspect? |
Are they allowed to open up my closets? What are they allowed to go through if anything? I thought that they were just allowed to look at things that are in plain view.
Additional Details<... |
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 Can an apt offer a 6 month lease, but then write up lease for 7 months without disclosing this to the tenant? |
| Moved into an apt on 4/1/06 with a 6 month lease. Now want to move out at end of lease and mgr said I signed lease for 7 months. This was never disclosed to me and I didn't catch the 7 month ... |
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 Tenants won't pay their rent, should I change the locks and kick them out ? |
They are new tenants and still have not even paid their deposit saying they need time. 1 month later and not paid the rent either. 1 week late. Whats my legal stance ?
Can I change the locks and ... |
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 I want to find out who reported my house for permits? |
| Recently - I received a visit from the town for my shed being to big, having a 4' freestanding pool with no permit, etc. Mind you - all of these charges were found to be a 'no grounds' ... |
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 I am a Landlord in Indiana my tenants moved out at the end of the lease without notice whats my rights? |
| The lease reads as follows under #32 NOTICE Any notice required or permitted under this leaseor under state law shall be requested ,30 days notice at the end of the lease to renew or not .I talked to ... |
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 Is landlord allowed to be in my house when im not there? |
| I live in wisconsin and have been having trouble finding this information. I know the landlord has to give at least 12 hours for entering but it doesnt state anything about whether he is allowed in ... |
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 How much do we need to make to afford this house? |
| We are interested in a house that we think we can get for $275k. We would put 20% down and have a 220k mortgage. This will be no problem with our dual salary, but we're thinking that I will ... |
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 Should a Landlord rent out his property knowing he's not been paying the mortgage or ground rent ? |
| This little surprise arrived on the hall mat, in the form of a letter addressed to the occupier, it stated that a hearing was set at the local court for repossession to commence, would you as the T... |
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 Do I Have To Let Him In My Home? |
| I am moving out of my apartment on June 1st but the owner wants to show off the apartment before I leave, do I have to let him? I figure that I paid for the whole month of May and it s still my place ... |
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 Does the year of a house built affect its sale value? |
Additional Details
Thanks for your supportive answers so far. What about the situation specifically for an apartment unit inside a co-op building?... |
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 What to do - Landlord not providing heat!!? |
| I live in Westchester county NY, in an apartment building. The landlord is supposed to provide heat, and there is no way for me to turn the heat on/off in my apt. I complained a few times in the ... |
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 Selling our house. How do we make the home information visible to out of state buyers looking to relocate? |
| We are selling our house. We live in an area that is very conducive to people looking to relocate. We are using an online service (buyhomes.com) and they will post our house on the mls realtor ... |
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 Where can I buy lots of cockroaches? |
The pet shop can supply mice and rats.
The problem is I am leaving my flat next week and the landlord says I have to leave it as I found ... |
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 How to get rid of my roomate? |
| I got a roomates about a years ago but i want her to leave i want to have the apt to myself i just rented her the room and she wont leave? the apt has been mine for 3 years never had any problems. i ... |
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flame_98 | Can I sell my flat with negative equity? |
I bought a flat in the UK for £150,000 just over a year ago and got a 100% mortgage. I haven't paid any of the mortgage off yet as it's interest only which means I still owe £150,000. I would now like to sell the flat and go back to renting but I think the price of my property has fallen to around £145,000. I don't have access to any extra money to pay back the £5,000 plus anything else on top such as re-payment fees. Will my mortgage lender let me sell the flat and continue to pay the remainder of the mortgage if I go into rented accommodation? |
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Unbiased Find a Mortgage Adviser
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Unfortunately not. By definition the mortgage is secured against the property and if you have sold it you cannot retain the debt against it. It is of course possible to create a loan with your lender which is then used to pay the excess off and you then continue to repay the loan. Alternatively you can rent with your lenders permission and that might be worth it given that interest rates are falling and as the capital value of the property is falling your net yield from the property is actually rising, so it makes sense to hang in there and rent. Hope that helps
Peter McGahan
http://www.wwfp.net/mortgage/mortgage-broker.html
Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving professional mortgage advice relevant to your circumstances. To find an independent mortgage adviser please go to http://www.impartial.co.uk. |
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Move on
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Because of the economic times many banks and lending groups are allowing the short sale. This is something that you will need to set up with your lender. If they don't, you may have financial issues. Hope they are not foreclosure or bankruptcy. |
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WelshLad
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You can sell the flat, they can't stop you doing that, but you will have to pay back and the difference to them. It's best to speak to them direct and get their advice on it, |
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glade90
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It's your flat to sell...he's a creditor for 5K.... |
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John G
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you probably signed a mortgage of lets just say 20 years and now if you sell the property at a loss you will have to make up the short fall as well as being penalised for closing say 18 years earlier than you agreed this along with your legal fee will come to a size-able sum , you are in a no win situation what ever you do |
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weewilly will
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The lender can't stop you selling the flat but they will pursue you for the balance owed Vigorously.
As they would if you defaulted and were repossessed and they sold it off cheap for quick sale.
You would be better selling it yourself rather than letting the 2nd option happen |
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COLIN T
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You are over simplifying things - it is not just the negative equity short fall you have to take into consideration but also legal fee's and estate agents commission on the sale so the money you would need to find would be near 10 grand than 5 plus if 150k was the going rate a year ago the current realistic price is likely to be a lot less than 145k. |
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John M
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they may, or they may entertain a short sale if you agree to a personal loan for the difference. if you agree to take the obligation to make them whole, be sure to get in writing that it will not affect your credit rating. You are offering to maintain full payments and keep them from losing any money at all, so they should not ding you on your credit report. But their internal systems may not be set up to process this and it could be handled as a short sale which would harm your credit.
I applaud your willingness to pay back the difference. Not many people are thinking that way these days, and if they did we might all be a lot better off. |
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dels replies
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doubt it Why should he lose money |
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James S
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Ask your lender. They will probably try to raise your interest on the remainder to something crazy |
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shaneeiu
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no |
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Teresa T
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No they won't, once you sell the flat you lose the thing that the mortgage was secured against i.e the flat. You could always take a credit card out and pay the difference. My advice would be to stay put if you can? And just ride the storm. |
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