 Credit crunch and today's interest rate drop - when to buy a house? |
| I'm a first time buyer so for me, the more house prices come down the better. But I'm also worried about missing the boat - I don't want to wait and wait and then find that suddenly ... |
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 As a homeowner, should I sell the house of rent it out? |
| I live in zip code 95132. Rents might go to $2000 for a 1790 sq.ft., 4/2 house. My property, unmodernized, built in 1965, might sell for $125,000 less than last year (now <$600,000) I have an ... |
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 What do you think? Quick question, easy 10 points for best answer!!!? |
| My lease is over this month and i want to leave, rent is gonna raise for all tenants who renew. so i applied for this other apt. showed proof of job,bank account, and current apartment verification (1... |
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 Please help!!!can not find no where to live!? |
| me and my fioncee have been looking for a place to live in apple valley ca since it is where he works at and i have been looking everywhere for listings of houses to rent. i have found some but since ... |
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 Landlord problems? |
I am really un sure what to do about this!!
I moved into my rented rent at the end of February 2008, a month later I got a letter through the door from a solicitors saying that we need to ... |
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 When first buying a house, financially speaking should one go very big or go small? |
| It seems that people these days go as big as possible (really stretching financially, some so much that they go paycheck to paycheck starting on a 0% down ARM)...is there a good reason to go this ... |
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 I chose realty fraud for my senior project...will that put people to sleep? |
| I'm a senior now and I need to choose an interesting topic. what do you think of realty fraud? where can I find good information on it? I couldn't find any. it'd help if you told me ... |
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 How can i rent an apartment without a backround check? |
| Me and husband have tried to rent an apartment but his criminal backround is not good mine is fine and they wont take us because of it what can i do?... |
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 Should I trust a tenant on housing benefit? |
| A young lady has advertised for a flat. She is pregnant and will claim housing benefit. She revealed, however, that she has a partner who works and that she is also working part-time. Will they ... |
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 In Texas, is land lord responsible for providing window units in home with no central air conditioning? |
| I am renting a house in Texas that does not have central air conditioning....is there some kind of 'tenant law' that says my land lord is supposed to provide the window units? Where can I ... |
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| We put new wall to wall carpet in our rental unit before the tenants moved in two years ago.? |
| They have been having trouble with one of their children (smoking cigarettes), and there are four or five burns in one of the carpeted rooms. I imagine the whole carpet will have to be replaced when ... |
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 Rent Increase Do To Greed? |
My rent has gone up 90 dollars in the past year and a half.
Can they do this? And to top it off it has just gone up another 20 dollars while the interest rate has drop?... |
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 Names of manufactured homes dealers? |
| i'm looking for them to be located in G... |
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| I sold my home and my Realtor also represented the buyer. The buyer moved closing date sooner and wants rent? |
Additional Details
My home closed today and the realtor wants me to sign a rental agreement for the days that i will be in the house. I was pressured to accept the 21 early day closing ... |
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 Home Insurance? |
| I plan to turn my first single home into a rental property. Do I need to report the insurance that I will not live in that house?... |
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hopeful | Can a home lender come after you after they've foreclosed on your house? |
My current home is at the beginning stages of foreclosure, and I know I can't bring it current. If I retire after the home has been foreclosed and I use my annuity to purchase a new home, outright with cash, can my previous lender come after me?
Additional Details
I can't use my annuity until I retire from my city government job. Because of some health issues I may be forced to take an early retirement. Unfortunately, my annuity won't be enough to pay off the mortgage, and I owe more than it's worth. I'm not trying to cheat anyone, I'd much rather keep the house - single mom, 3 kids - I want this home for them. I live in Michigan, if anyone knows the specific laws that apply. Thank you. |
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Landlord
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Yes, you had assets to cover the money you gave them and have no reason to screw them. They can seize assets. |
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Feeling Mutual
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Yes, they can collect any remaining balance due after they sell the house.
I don't think they can touch your annuity or retirement plans, but you might want to check with an attorney. They can go after other possessions such as a new house though.
If you file for Bankruptcy protection you might be safe, but discuss it with a bankruptcy attorney first. |
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Mr Placid
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It depends on your particular state's statutes, the type of loan the property is securing, and the course of action the lender decides to pursue.
Some states flatly prohibit deficiency judgments. The lender gets the home, and nothing else. Some states prohibit deficiency judgments on only certain types of loans, and certain types of properties. Some states require lenders to undergo an expensive judicial proceeding to obtain a deficiency judgment, so lenders won't bother collecting a deficiency even when state law allows it.
Bottom line: There is no general yes/no answer. It depends on your state's laws. |
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James O
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It depends on why the foreclosure is in place. But their insurance will cover 80% of the value and the PMI will cover the rest if you were paying PMI. You should go to loss mitigation department and ask for a loan modification. This is where they will rewrite your note to a more affordable rate without a refinance. |
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jack a
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If you had an annuity in the first place, i'm wondering why you would let your home go into forclosure? Every step should have been taken to avoid this. You may purchase another home, but you must realize that your credit has been destroyed, and will take years to come back up. Besides this most lenders will require 7 years plus since your last foreclosure to even be considered. |
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estielmo
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If they can't recover the debt from the sale, yes. See about forming an irrevokable trust and transfer all your assets into it. Consult a financial advisor. |
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K.D. S
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Take a look at your deed of trust note, you will most likely find a clause that allows the lender to come after you for deficiencies after he liquidates the property. |
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HIGH SHAMAN
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They definately CAN ....
That is a legal - binding debt and you owe them their Money ....
They are allowed to pursue colletions to recover what is owed to them ... |
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Real Estate pro
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Home loans are no recourse, technically they can not go after you for any difference in what they sell the home for versus what they loaned you.
But, there is fine print; if you committed some sort of crime like fraud in obtaining the loan, they can come after you for their loses. |
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