 If i'm renting and have good references will it matter if my credit rating is crap?? |
| At the mo, i am renting with my partner and we are moving south due to his job. Had a few problems in my past and went bankrupt about 18 moths ago, due to problems in a previous relationship. If we ... |
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 Can my landlord sell my apartment and tell me to leave? |
| I live in Florida. I have been late on my rent (with notice to the landlord) maybe twice. My question is can she, after accepting my most recent and current rent say "I'm putting my house ... |
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 Does building a conservatory add value to properties, or make them easier to sell? |
| I live in a fairly small 3 bedroom house with my husband and 3 children. We could really do with more space, and we intend to try and buy a larger property in the nest 12 months. So i am wondering ... |
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 Do you think it's fine.....living at home?? |
| My fiance wants to live at home a couple more years and I'm ready too get our own place. My parents think we are too old to be living at home and his parents think it's perfectly fine? We ... |
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 Is this a good time for renting out a house with the credit crunch ? |
we are deciding if we should let our house out or sell?
thanks.
Additional Details
we are in cheshire, united kingdom.... |
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 When someone has a rental unit and they refer to it as a duplex, what exactly is a "duplex"? |
I was just wondering because when i'm scanning the classifieds and someone has a house, apartmennt, flat/duplex for rent...What's a duplex?
Thanks!... |
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 I rent a home and I have a 2 year lease. I have been living here 6 months. My landlord now wants his home bac |
| My land lord who use to live in this home rented it to me because he was moving out of town to help a sick relative who recently died. Now he wants his home back. I am on a lease, I have never been ... |
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 Can a realtor break my apt lease? |
| I want to buy my first home but I still have months to go on my apt lease. Is there any way I can break the lease so that I can go about buying a home?... |
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 How hard is it to get a house with little or no money down? |
My credit isn't the best, and i am would like to be in a house by feb-march.
Additional Details
I am working on paying my debt off and should be done in the next month or two, that ... |
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 Where is the cheapest land for sale in the USA? |
| Where's the lowest cost of living? Or cheapest land sale.... |
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 Should I buy a house or continue renting? |
| Right now I can afford to put down about 5-10% for a house that I am looking for. If I wait about 6 months and continue renting I can save up and reach about 20% for a down payment and avoid paying ... |
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 Who owns your house if your bank goes out of business? |
| Hypothetically, if a bank such as bear sterns goes out of business and you had a mortgage with them. Would the city then own your house or would you own the house by default then? Because if you ... |
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 Would you rather buy a home with a pool or without? |
| I am selling my home which has a pool with a wrap around deck. We don't know if we should sell the house withouut it or not. We need to know what appeals to more buyers.... |
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Angel T | Can i sell my home if my mortgage is late, and i have a bad roof? Im want out!? |
I want to sell my home "as is", and find a cheaper one. |
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TryScience
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You can, but you'll probably lose some money. Talk to a realtor or the bank. |
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James M
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You can sell it as is,,,I would speak to a realtor... They would have some good suggestions. |
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LiL ButterFly
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yes, but you will lose money...........word of advice i would sell it to a person who flips houses ... |
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luminosa
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I sold a home like that once. I didn't get as much as it was really worth. But, there were a lot of repairs to be done in order to get it sold at the true value price. I couldn't afford the repairs and the house payments too, so I sold "as is". I don't feel like it was a loss, because my house payments were lower than rental prices, the house paid for itself in that department. And, I got out from under my house payment as well as the cost of expensive repair. And best of all, my credit was still good. Good enough that I was able to buy another house to better fit my budget. |
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brianjames04
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Yes on both counts but both problems will cost you equity. And if you do not have enough equity in your home to cover the cost of the back mortgage and a new or repaired roof then you're stuck.
Unless your buyer pays in cash an "as is " sale is difficult to pull off because the mortgage company/bank/lender will want the repairs made or want money put aside to make those repairs otherwise they will not lend the money.
And you can not pass the title to the new owner until you payoff the old mortgage. Sometimes to make the sale the old mortgage might settle for less money than the full payout but that will hurt your future credit. |
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andrwes h
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yes, if you can just fix everything a little bit. And besides whoever gonna buy this house will want to do this job for you. |
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bob b
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You can always sell, its more a question of what you will get when you sell.
Selling "as is" usually will result in a lower sales price because the buyer is deducting what he or she will need to spend after they get into the house.
If you are late on your mortgage, at the closing, the mortgage company will expect to be paid all the past due amounts, including interest, late fees, etc. If you don't have much equity in your home, there might not be enough to pay all your closing costs and pay what you owe to the mortgage company. If that is the case, then you would need to contact the mortgage company and ask about doing a short sale. A short sale is a sale where the bank agrees to take less than it is owed. It will do this if it believes you might otherwise default and they would have to foreclose, thus costing them more than if they did the short sale.
I would suggest you talk to a knowledgeable Realtor in your area that can go over all these details with you and help you decide what is the best path to take.
Good luck! |
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Hey U, Yeah U..Get over here
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yes you can as long as you make the realator aware the roof needs to be replaced so they can price less than what market rate is. If u r late on your mortage best thing to do is contact the bank and tell them you want out.....they maybe able to get you in contact with someone that can sell you house for you...b/c the last thing they want is for to forclose.
never lie to your Real Estate Agent...it can come back an haunt...but if you state right in your listing agreement.....AND purchase and sales agreement that the house is being sold "AS IS, WHERE IS" then that covers any repairs that need to be done to the home. But realize when you list a home or any business for that matter AS IS Where IS you basically telling ppl u r in trouble and need out and you will take whatever you can get.....and that maybe EXTREMELY less than what the house is even worth. So lets say the Market Rate for you neighborhood is approx. $175,000/per house...that's what the city or county assessor's have said the houses in your neighborhood "should" go for. So you need a new roof...well that's about 15-20,000 repair job depending how bad...so lets take 175,000-20,000=155,000 so that not too bad of a list price....right...but if you list As is where is....you inviting ppl to write an offer for $120,000...b/c who knows what else could be the matter with it. Best thing to do is do your own research some...go on your city or county website call you local assessor..see what the house is assessed for.....then spend the $1500 for an appaisal...trust me it's worth it....b/c the appraiser will go top to bottom in home and list what ever is wrong with it and what he/she thinks it should be for. That way you can list exactly, according to a licensed professional, what is wrong with the house and what he suggested the price should be....and then speak to an re agent in getting it listed.
Also, remember it's a buyer's market right now...meaning the buyer's have the upper hand. so you may have to take a hit...but at the end of the day if you still have to write a check to the bank at closing for what's left on your mortgage it's not worth selling....file bankruptcy instead or let it go to forclosure. |
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godged
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There are plenty of people out there looking for fixers, but bear in mind you won't receive the best offers.
Price it appropriately fo the needed repairs and it will sell.
Find out what your loan balance is, because you are either going to have to sell it for more than what you owe or come up with the difference, unless your lender will agree to a short sale. |
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teddy_bear
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most people want a house to move in right away and the bad roof problem most people want "u" to fix it but sum might not just check in with bank and all that |
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J.H.
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If you're late on your mortgage you probably will not be able to get another loan for 24 months. You can sell it, if you have to reduce you price because of the repairs, try to get your lender to agree to a short sale. |
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Salvation is at hand now !!
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Yes but it MUST been for enough to pay off your loan` |
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lloydrh1958
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you can sell your home at anytime but most people will want the roof fixed. |
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sel0729
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depending on your loan situation, you may have options of getting out with some money. i would try someone like these guys www.webuyproperties.org
they usually can help get people out of their situation without hurting their credit or anything. i'm sure there are others (investors), i've just read those guys don't try and screw you. |
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Biddie
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You can but it sounds like your house is what they call a the money pit! You put money in an something else happens! |
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