 Is there a site where i can find out the price of houses in one street? |
I need to know what my house is worth without getting anyone in,is there a website where you can put in your post code or something and it will tell you roughly the cost of houses in that road?
... |
|
 Can I Sue for Untimely Return of Security Deposit? |
| When I moved out of my apartment, I gave my landlord the incorrect forwarding address to return my security deposit. However, before they mailed out the check, I provided them with the correct ... |
|
 Unemployment and getting a mortagage loan? |
| Does anyone know if I could get a mortgage loan while on unemployment?... |
|
 Job as a real estate agent? |
| I've heard that in their first year that real estate agent's don't make very much and I was wondering if any agents out there can give some advice on whether I should get my license ... |
|
 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<... |
|
 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 ... |
|
 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 ... |
|
 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' ... |
|
 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 ... |
|
 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 ... |
|
 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 ... |
|
 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... |
|
 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 ... |
|
 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?... |
|
|  |
angela R | Can someone please explain to me, why a mortgage company would not want to finance a "flipped" home? ? |
We bought a home as an investment to "flip" and now the buyer's mortgage company is asking why we flipped it and I am wondering what the problem is? They told me the bank does not like to finance a flipped property, please explain? Thanks in advance.....
Additional Details
We bought the property cash and now we found a buyer and the buyer's mortgage company does not want to finance it because we(seller) bought the property to flip.....Sorry for the confusion... |
 |
 
tigerrrrrrrr98
 |
As a mortgage broker, here is the real reason...
Lenders are concerned with fraud and collusion on the part of buyer, sellers, and appraisers. There have been scams against lenders where all three of the above parties are in on the scam.
Essentially it works as such: Seller agrees to sell to buyer for a certain price. The buyer hires an appraiser to present a value that is at least as high as the purchase price. But like I said, they are all in on the scam. They get a loan for MUCH more than what the seller just recently paid for the property, all 3 split the proceeds, never make a single payment on the mortgage, and then disappear.
The key tip-off to this kind of scam is the length of time between the purchase and the sale.
I'm not saying that you are attempting to defraud a lender. I am simply giving you the reason that some lenders are wary.
Feel free to give me a shout if you would like more information or assistance. There are many lenders that will do this kind of transaction. |
|
lendermark1
|
http://www.lendermark.com/house_flipping.htm |
|
Princess1
|
because flipped homes are usually foreclosures or have been tied up in probate. these issues are not always completely solved and some legal things come up and the bank may lose some money due to them. |
|
p-nut butter princess
|
ok the reason for this is because with flipped properity there are a lot more people doing it these days trying to make extra loot unfortunetly some people do this and they do a half a** job and for a bank to finance something it has to meet certain criteria well these smae people who get the job done in a weekend do great jobs covering stuff up and a month later you realize that your roof in just paper mache' after a good hard rain so a lot of banks are kind of hesitant so mabe if you came up with paper work of all your purchases or mabe have the house inspected yourself it may cost a little more but these are documents that you will have until you sale the house and you can usualy add these to the price of the house as an extra feature good luck |
|
Bors
 |
They don't make as much money. The loan gets payed off right away, and so they do not collect the interest the accrues. A lot of loans come with provisions that they cannot be payed off within the first year or 2. |
|
reggiewjr1
|
I can do the loan... |
|
mac_218
|
Usually, it's just an issue with the lender. Granted, some, certainly not all, will be ok with financing a "flipped" property, but there are those occasional lenders that hesitate.
The primary reason that I think lender's are scared about flipped transactions (as well as us in the title company industry) is that there are those few "bad guys" out there that are looking to score some money (which I'm sure you're not.) What some people will do is have a friend who is an appraiser. They'll get their friend to go out and appraise the property at $300K (just a figure.) Well, after that bad guy agrees to buy the property at $300K, he'll get his appraiser friend to go "re-appraise" the property at a higher amount, say $400K. That new buyer will get a loan for $400K from that lender, and the bad guy middle-man makes a $100K profit... for nothing!
It's just a scary situation for a lot of lenders. Now, unless you've owned the property more than 3 months, or in that time from of 6 months to a year, lender's will just hesitate to make sure that no invalid liens have been filed on the property that may cause issues in the future. |
|
ancestorhorse
|
It don't make sence to me. Did you ask the bank what the big deal is? Please let me know what they say. My address is-ancestorhorse@yhoo.com |
|
Raven E
|
90 percent of your first years payments are interest (100 percent profit to the bank)
so by selling the house right after you bought it.
YOU get the profit and not the bank... |
|
baretell
|
no |
|
dantrumble1974
|
Go to another lending source:
Call Damico Consulting in Ingleside, IL (I don't have the number but he's a wizard).
Slainte,
-D |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 17 minutes(s) ago
| | | |
12 | 30 minutes(s) ago
| | | |
12 | 2 hour(s) ago
| | | |
12 | 7 hour(s) ago
| | | |
12 | 11 hour(s) ago
| | | |
12 | 2 day(s) ago
| | | |
12 | 4 day(s) ago
| | | |
12 | 2 week(s) ago
| | | |
12 | 2 month(s) ago
| | | |
12 | 5 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
