 I am buying my first home. asking price and my price.? |
| i am interested in buying a home listed for 139,650. i have been doing some research of my own and i know all the precautions, but i am wondering if i make an offer, how much lower should i ask? i ... |
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 How Can I Move Out Of My House? |
| Im only 20 I cant get a full time job so I have to put up with only working part time to bring in money, i still live with my parents but theres never really been a relationship there recently its ... |
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 Can the owner of the house where I'm renting a room enter into my room without telling me? |
| I never signed any papers to move in, the verbal agreement was that I would pay $700 a month and it would be month to month, no utilities just $700 for the room. Well after 3 months of being there I ... |
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 Is this a good idea or not? ? |
| My boyfriend & I are looking at a house to buy and we have been trying to run through all the possible options. He came up with this one and I'm thinking its a good idea but I want to see ... |
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| My boyfriend and i just rented this house just to find out from our nighbor that the house is in forclosure, I asked my landlourd if this was ture and she had said she didnt want to say anything to ... |
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 Countrywide broke into my house, why won't they accept liability? |
| I went to my cottage that I own and I walked up to the door noticing the screen door jammed open and the main door had no doorknob on it, it was lying on the floor. I noticed a note on the door that ... |
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 Why do rich people have mortgages? |
| I know the answer may be tax related, but why not, if you have the money, pay off your house. If the house is an investment in itself, why not?... |
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 Where can I check to see how much a property sold for? |
| Is there a website I can go to that will tell me how much a property sold for? (apartment complex)... |
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 I want to throw a tennant out and want to know if it is a civil or criminal matter if? |
i go round when they are not in and throw their stuff on the street and change the locks.
they have not paid their rent now for 4 months and we are in serious debt.
we have gone through ... |
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 Ebay........? |
| you dont make any money on ebay. u pay ebay to sell even if u dont sell. your better off selling on Craigslist for free. there is no better way to sell. your start your price low & it may still ... |
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 How do I buy land in Heaven? |
| I am looking to invest in a REALLY good loaction and money is no object. The Christian heaven is my first choice but I am also interested in anything that comes up in Nirvana, Valhalla, Utopia, S... |
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| Has anyone ever bought or sold property without using a real estate agent? |
| I'm shopping for a house. I got a group of listings, and as I was driving by one of the houses, I ran into the guy selling it who reccommended that we leave out the real estate agent and save us ... |
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 Can anyone advise how my parents can transfer ownership of their home to me, legally? |
| My wife and I have lived in a large house with my parents for 27 years. My parents now want to pass ownership to my wife and I. There are no monies owed on the house.... |
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| Are we responsible to pay the remainder of our rental lease if the landlord has the condo listed for sale? |
| We are currently renting a condo, but the landlord is in the process of trying to sell it. The lease is up at the end of October, and we are currently buying a house with the intent to move in ... |
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 I see a lot of vacant homes around.Can I just go in and settle down there? |
I walk and bicycle around most of the time.That's all I've got.
Additional Details
The kind where the doors are left wide open and no signs of life around.... |
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 I am a Tenant in a privately rented house. and at the moment im having problems with my shower? |
| for the past 2 months its started to breakdown ive been onto the landlord about it he said get a quote i got a few quotes he said there all too expensive so a month past and landlord contacted me and ... |
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 Buying a house? |
| Me and my husband are moving to Ft. Stewart, GA. He really wants to buy a house and I am not really into that whole idea. In the military we normally stay at one spot 2-4 years. He's saying when ... |
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cgoo | Can you split a mortgage? |
I am not married and this seems like the best way to protect an investment. For example, if my boyfriend and I want to buy a condo for $300,000 can we each have a mortgage in our names for $150,000 less the down payment?
I am sure that this is fairly basic, but I do not own property. |
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BILL
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yes |
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Fatty
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no you cant. a loan will need to secure the property in the FULL amount. no lender in their right mind would take half interest in the loan.
there is no such thing as a split mortgage.
easiest thing to do is get the loan together (as co-mortgagors, co-borrowers refer to married people) and have title vested as joint tenants. this will give you each 50% rights to the property and neither of you will be able to sell or refi, without the others consent. |
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effeykins
 |
No, this cannot be done. Since you are both purchasing the property, both of your names will appear on the Deed. This means both of your names will appear on the Mortgage. After closing, the lender will receive a lender's policy of title insurance, which guarantees that they have the first, best lien on the property. If there were 2 separate mtgs for 2 separate people, this would not be possible. |
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Expert Realtor
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If your name is NOT going to be on the title, you cannot get a mortgage for a purchase in your name.
I would seriously reconsider purchasing property with someone that you are not married to. Keep in mind that you have ZERO legal protection in the event that he defaults...married couples can get a court to enforce who pays for what...you can't do that if you are just live-ins.
You have no more rights that two unrelated people that purchased a property together...and that is a MESS when things go back.
Just remember that nobody buys property together thinking that they will ever break up. |
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mamapoulette
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I've never heard of that, but I would check with the financers. They would answer the legal aspects to a couple buying property. Oh and have a lwayer involved. You may be in love now, but later on down the road you could need to protect yourself. |
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mum2mh
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I would think that this really depends on where you are purchasing the property.
In Australia if two people take out a mortgage together they are considered jointly and separably liable - meaning the bank can chase either one or both of them for any unpaid monies. I know this from bitter past experience.
Logically it would seem to me that many Banks would refuse to provide two separate mortgages in two different names as this would make recouping any unpaid monies more difficult.
Maybe some real estate moguls out there will be able to help you,
Hugs,
mum2MH |
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v b
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Ehhh, you can own the property 50-50 and you can be on the mortgage 50-50. The mortgage company is going only want one mortgage on the property. |
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vollbabydoll02
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I'm not really sure that would be a good idea or if it's even possible. Most people that buy property together will put the whole mortgage under both names. If you can split mortgage on a property then make sure you have all of your i's dotted and t's crossed. If he defaults on his half of the mortgage then I'm pretty sure you'll lose the property. I would check with a financial advisor and/or a mortgage broker (lender) before taking the plundge into property bliss. That takes extreme trust on both parts to buy something on that large of a scale together. |
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rimbaud
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No, you cannot "split" the mortgage as you describe here. But, you can use both of your names on the contract for the full $300,000 amount. One would be the "Borrower" and the other would be the "Co-Borrower". |
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annazzz1966
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I would not buy any property with someone I was not married to, but yes, you can do that. You can vest as joint tenants, or 50% interest each, either way. |
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