 I was curious how a house value is based upon it's market value? (See below)? |
| My wife and I bought our first house in september of last year at that time we paid 174K the valation according to the State of Maryland was only 86K. State of Maryland values it's properties ... |
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 Who pays for the home warranty and the survey? The buyer or seller? |
Have yet to make first offer, just got approved @ 5.875% for 30 years. Any Advice Please!
Additional Details
Got approved through FHA... |
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 Any Good Real Estate Sites sites to list my home for FREE ? |
| Does anyone know of any Real Estate websites where we can list our home either free or inexpensively ?... |
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 Who would I report this problem too? Too many people in 2 bedroom apartments? |
| I live in an apartment complex, all are 2 bedroom apartments. Many of these have 10-15 people living in them and are way overcrowded, I know this is against the state laws, but who would I call to ... |
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 What good is an open house? |
| I am FSBO selling my home. When I first began marketing the home I was getting about 3 showing per week. This until I quickly realized that everyone was likely window shopping, or nosy neighbors. So I... |
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 Is this a legal eviction in NYC when a landlord gives 7 day notice but no valid reason? |
| I rent a room in a brownstone in NYC on a week to week basis. Any time in the past that I've asked the landlord to fix something, he always says that he doesn't have the money to make any ... |
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 Curious. What would a general monthly payment be on a house that is $125,000.00? |
| Someone has told me that when you figure in insurance and taxes, it should be a lot more added to each months payment. Of course, this depends on the taxes and insurance. But, will it be as much as 50... |
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 Who is responsible for a broken boiler in rented accommodation? |
| I live in the UK and rent through an estate agent, who is responsible to pay for the repairs? me or the estate agent?... |
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 How fast will UK house prices correct to an affordable level and to what extent ? |
| People are predicting a 28 percent correction over several years, rightmove has posted a large fall in prices for august, what do you think ? And do you think it will help people who currently have ... |
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 Can you sue a bank if they approve the loan then a day before closing they dont approve the loan? |
| We applied for a home loan at the end of April. We got preapproved. We went through the whole process. Our closing was set for June 15. This past week the lender keep calling and requesting things ... |
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 Is it possible to add extra money onto a new mortgage to pay off my debt? |
Additional Details
I mean get a mortgage for more than I owe on a house so you can pay off existing debt? I am a first time home buyer.... |
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 Is my realtor full of bs about washington state real estate? |
| I'm trying to buy my first house, in the cheaper suburbs about 30 miles outside off seattle. I've been trying to buy for 8 years but prices were always one step ahead of me. This is the ... |
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 Do you think this guy is trying to rip me off since I'm doing owner financing through an attorney? |
We've discussed the house for months, and now I have the $ so we talked to a lawyer today to draw up a contract (I haven't agreed). His stipulations are:
*9% financing 48k over 15 yrs<... |
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bubba | Can a lien be put on a home if two people are on the deed and one owes money? |
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Still reading
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Yes--the house can't be sold until the money is paid back. |
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Jon H
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Here in Alberta Canada, you would simply go to the Land Titles office and register a caveat on the property. The property can't be sold unless the caveat is satisfied |
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Janet P
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Of course it can. It would be terrible if you couldn't. |
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dragonfire
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yes |
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InquiringMind35
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Yes, even if one of the title holders is debt free. |
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Heinz M
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A lien may be put on the part owned by the one who owes the money, but not on the other's. |
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GREG S
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Of course, that is extremely common.
This may be more helpful. What if one owes too much money or has bad credit? That one needs to be off the deed because their middle score will be used for the loan and could sink the whole deal or cost a bunch more.
The other can try to buy it alone if they have a good enough score and enough income.
BUT - what if their income alone is not enough but both together make plenty so they feel it is ok to proceed. I am a mortgage broker. We seek out a lender that will let the stronger borrower apply "stated income", not full documentation. This costs maybe 1/8 or 1/4 more in rate only, not 1 or 3 full points. Yes, these plans are usually used by self-employed people, but some lenders will go with w-2 employees. May need to show substantial work history, assets, and stability. Talk to an experienced mortgage broker in your area. Show them this note.
You can add the other person onto the deed after closing if you want. It's not necessary, it's not illegal, but it protects their interest in the event of future sale. It does not help rebuild their credit, as they are not on the mortgage. |
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newmexicorealestateforms
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Yes, although one signed on the promissory note both title holders had to sign on the mortgage giving the right to the lender to proceed against the property.
If it is not a mortgage then the debt gives the right to only lien the property which they can, if not paid, reduce the lien to a foreclosure in a court of law.
It's best to see about getting rid of the lien if one is put on the property since a lien will make the property not merchantable which means that you will not be able to get title insurance on the property for purposes of selling it, until the lien is removed.
I wish you the best. |
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godged
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Absolutely. If the home is used a collateral for a loan and the payments aren't made, the bank will foreclose. Or if there is something of value in one deedholder's name, whoever is owed money will put a lien on that property. |
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Good Luck! |
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