 Rental home question...? |
| Our renter signed a lease, and on that lease, it said that just herself and her 2 children would be living in the home. She told us that she was separating from her husband. She called my husband ... |
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 My roommate signed a lease and now is not moving in am I suck with all the rent? |
| A friend and I were going to move in together for a year to save money. She saw the place and signed the lease. I'm sober and she decided to go back out and not move in. Can she ditch her lease? ... |
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 How can I get my inheritance early? |
| I am set to inherit £30k from the sale of my grandmothers house when she dies. Is there anyway that she can release the money now while shes still alive (just my share, not the other £200k) so that ... |
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 Can an owner legally do this? |
| Back in July '07 we expanded our business and moved into a building with a car wash and our coffeeshop in one corner of the building. We overpay for the small space we have and our lease is up ... |
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 How do I sell my house quickly? |
| I have already moved and need to sell my house really fast. I need to sell it qucikly and with very little interaction because I live several miles away. What is the quickest way to do so with out ... |
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 What is 2.1 bathrooms? |
In a Real Estate Listing what is 2.1 bathrooms?
I understand the bath, half bath, and 3/4 bath, but i am at a loss for the 2.1 baths.
Additional Details
I don't think it is a ... |
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 What do I do if I want to buy a house, but I can't prove my source of income? |
| I'm a freelance Web Designer. How do I legally get proof of income? The only savings that I have is the money that's going to go to the deposit, so my bank statements could be useless, or ... |
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 How do I get out of a prepayment penalty on my mortgage? |
| I have a mortgage with Countrywide and it has a 3 year prepayment penalty. I am in year 2 now and is there any way to get out of it?... |
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 I need to move and find a roommate, how scared should i be? |
| i am looking for an apartment/town house/condo but i can't afford something on my own and i need a roommate. where can i find one that wont steal my stuff and or stab me in my sleep?... |
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 Should we buy a house now or wait until I graduate? |
| I graduate in a 2010 from nursing school. We are currently renting. Will the real estate market still be a buyers market? Should we settle for buying a smaller home or wait until we can afford a ... |
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 I want to sell my house and rent. Where do I take my proceeds check since banks insure only to $100K? |
| I'll get a check for about $350K. I'm not sure what to do with such a big check when they hand it to me. Go to the bank? Go to a mutual fund office like Fidelity? Go to a brokerage house? A... |
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 What is a person who sells houses called? i cant find it on the internet anywhere!? |
| all i could find on the internet was Real estate and nothing else; it kept giving me definitions of real ... |
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 My tenant is not paying the rent, what do? |
| hasnt payed it yet and it goes on each month until we call her and keep asking. she is getting help from another agency to pay off her bills and wants me to sign and fax a lot of forms so she can ... |
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 Do I have to have a good reason to kick out a subletted roommate? |
| So this is a long one. My friend and I moved into this apartment about 6 months ago. About a month after she signed a lease, she decided that she couldnt pay rent anymore, so she subletted to this ... |
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 How can I make my house look cheaper to a person who is appraising my house? |
I need to make our house look cheaper to an appraiser. I'm trying to help my mom because if we dont and the house is appraised highly my dad can get a LOT of our money. :(
So far we ... |
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 Is it the responsibility of the landlord to provide a phoneline? |
| At the viewing the agent could not say whether or not there was a phoneline. I now find there isn't one. I need the internet at the property in order to do my job. It will cost substantially to ... |
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LOLA | Can i buy a house for $200.00 like tv adverstises? |
has anyone heard a Tv commercial where it says that you can buy a house $200.00 and then sell them for current value is this real? what is the catch.. ?
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Landlord
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The catch is you have to pay off all past liens, mortgages, back taxes, etc.
Those are a scam to collect 89.95 from ignorant people. |
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dirtyrubberduck
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The houses that sell for $200 need tens of thousands of dollars worth of repair. And you can't sell ANY house for ANYTHING right now. |
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sweetwaterfish
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There is a little more to it than that....
There are a few ways of getting houses at auction, but for this example, we'll talk about tax auctions. If a house is sold at a tax auction, its because the taxes are typically a couple of years delinquent. The tax lien take precedent over all other liens, ( such as the mortgage, second mortgage, etc).
After plenty of notification to interested parties, the taxing authority holds a public auction for the taxes. Typically the houses will be in poor condition. Likely if there was a mortgage on the house, the lender would have been notified and told about the auction, and they would have paid the taxes, since their interest would be foreclosed upon at the end of the auction.
The auction is a bidding process, so usually there will be competition for the houses that are being sold. But yes, it does happen, sometimes the weather is bad, people get into car wrecks, etc, and the auction is just not well attended.
Usually the TV commercials are trying to sell you a educational program, but its not needed. By doing research you can learn about tax foreclosures on your own!!!!
There are also bankruptcy auctions, foreclosure auctions, sheriffs auction, and I'm sure others that I'm not thinking of right now. Each an every type of property auction has its own risk factor, and can be dangerous if you don't know what you are doing, but can also be very profitable if you are educated.
The people that say you are stuck with a mortgage are absolutely incorrect, if you are buying a tax lien auction. Tax liens are superior and erase all tother liens!!!!!!! An auction on a first mortgage will erase a second mortgage, and so on. And auction on a second mortgage will leave the first mortgage intact and it will have to be paid off. All auction will require the taxes to be paid, however. |
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Alterfemego
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I know they make it sound so easy and profitable, but to be honest, things in life just aren't that easy. They want you to buy something first! If you have never purchased a property either to live in or as an investment, this isn't something to take lightly. You could invest thousands of dollars and lose it all in a heart beat. My best advise is don't believe it if is sounds too good to be true. In most cases there is more to the $200 they are asking, like most properties have a mortgage or maybe two mortgages. But they don't tell you that. You have to know how to do the research to find out all the liens on the property, who really owns it, etc. So doesn't really work they say they portray on TV. |
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erik p
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Dont pay for any books, cds, or DVDs. You can get a free listing online or at your city hall.
Yes, but 1) you may get stuck with paying back-taxes, leins, or other expenses that are left over, 2) it will be in a neighborhood where you do not want to live, 3) it will probably be in a neighborhood where you don't even want to drive |
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Mary B
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I am in real estate. If you could actually buy a house (decent or falling down) for $200, millions of people would have already done so--with the real estate agents being first in line. If something sounds too good to be true - it is. |
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apollo8562000
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yes you can but alot is involved that they don't tell you.first off many are in run down neighborhoods.also if there are any taxes and such owed that would be the buyers responsibility to pay there also may be liens on the property that the buyer would have to deal with and the buyer would be responsible to bring the house up to codes and remodel so it can be sold .so after everything is said and done that 200 dollar home could cost the buyer an extra 30,000+.On the other hand there are deals like that that can work out not to cost the buyer much more than the selling price but they are hard to find. |
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andrea
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foreclosure where you pay 200 dollars for and house and ALL of the back taxes...which trust me is A LOT!!!! |
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W. E
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There is a program called REO. You pay 100.00 down on a HUD REO property. http://www.hud.gov/offices/hsg/sfh/reo/reohome.cfm
$100.00 down for the purchase of a HUD home, effective October 1, 2008 Hold up to $5000.00 in Repair Escrow. Use the HUD appraisal that was originally done. No DTI (Debit to Income Ratio) on approve.Eligible loans, Down to 580 middle credit score.
You would need to find a lender that does these programs. (ok) But it is a great program that does work. Lenders have such loans on their books that they are wanting to sell. You can go to www.hud.gov web site, and learn about the programs that Hud offers.
Homes: You can use this link http://www.hud.gov/homes/ or just go to www.hud.gov and at the bottom right you will see Homes for sale.
Buying a HUD Home: http://www.hud.gov/offices/hsg/sfh/reo/reobuyfaq.cfm
There are a few lenders that do the financing, one is United Wholesale Mortgage, but the loan amount has to be $60.000 + Most lenders have a starting loan amount they require. Most are $50,000 and higher. |
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MrBrandonLoves ya.
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The homes are on foreclosure witch means theve been on teh market for like 4 years. That means theres something majorly wrong with them. There houses no one else will dare to buy for one reason or another |
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skiddly dee
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Catch is that after you pay for all the back taxes and repairs to make the house livable, then, you've paid more than most people would have paid had all that been paid for. |
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onecrossonelife.friendhood.net
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Two hundred dollars...no... |
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Jesi
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The catch is you probably buy a crappy house and fix it up. Either that or it's illegal |
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hobbit0299
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no but how ever people are having trouble selling there house because of the market so who knows they will do anything to sell it. |
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❤JULIE❤
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you have to pay the back taxes which are more the 200.00 |
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PJ
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No. They are just saying that to get you to call. If they had $200.00 houses they wouldn't have to advertise on TV. |
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orangejump3
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there is no catch when peopel buy homes they have to pay the bank and the people dont pay them they will sell the house for that price.. so there is no catch |
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Wise Old Man
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There is a catch. You pay $200 up front, and you will have to pay something like $10000 a month for a few years. This way you can spread the cost. However, you can't sell the house again until those few years are up. |
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li_zetsudai
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no. that is a bad idea. you'll owe way more money later, and end up paying alot more intrest to the bank. |
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