 Damaged property after car crash? |
A car crashed into my bf's house on saturday. The pillar and railings on the boundary of the property are destroyed.
The pillar is lying in a heap, as is most of a wall that stops ... |
|
 Renting an apartment...and I just found black mold in several places....what to do? |
| I live in a quadplex... its basically 3 rooms (Bedroom, Bathroom, and Living/Dining/Kitchen) roughly 500-600 sq ft. These apartments were made pretty cheap... and our toilet & bathtub overflowed ... |
|
 Would any of these be reason for breach of contract against my landlord? |
| We are currently renting a house from a friend that could not sell it. We moved in the middle of August, the house was not cleaned from the last tenants. The carpets were shampooed, but bathrooms &... |
|
 How do i sell my house and buy a new one? Will my lender let me do that? |
| Right now i have 80/20 loan. 80% has 8% interest and 20 has 12%. ARM for 80% will be over in Jan 08. Would i be able to sell this house and buy a new one? My credit score has significantly gone ... |
|
 What is a landlord allowed to say about you when asked for a reference? |
We paid on time and we gave notice before we moved.
What else are they allowed to say though?... |
|
 Is it always such a freakin' pain in the *** to buy a house? |
| I'm in the process of buying my first house, and I swear, every time I think it's done, they want something else! I was approved for the loan, then the underwriters wanted even more info (... |
|
 Whats the hardest part of getting a Mortgage? |
| When shopping for a mortgage, what was the hardest part / worst part of YOUR loan process?... |
|
 Anyone Know About A Website To Find Apartments? |
| Does anyone know of apartments around the MD area for low cost? Or a good website that is free and nice or does anyone know of any roommates.... |
|
 How can you buy home owner's insurance without a house? |
| We are trying to buy our first home, and now before we even know if we will get financed, they want us to BUY home owner's insurance? How? Why? Wouldn't that be done once we buy the house? ... |
|
 What do you think of this house? |
Im looking to buy and this one looks nice what do you think
http://212.50.188.105/cg... |
|
 What does "normal wear and tear" actually mean? |
| I left my appartment in near perfect condition and better than how it was when I moved in, yet I am being charged cleaning fees after I moved out because I didn't hire a proffessional cleaner. A... |
|
 Appartments..? |
Does anyone know a good site for finding appartments?
I don't want to find a huge appartment complex building.. just something like what would be in a newspaper.
smaller, privately ... |
|
 When is the best time to sell a home ? |
| I have a renter that is moving out in Dec.I could talk them into staying till April if I lower the rent a little bit. My house is in Atlanta. I have 40-50,000 in equity in the house and the house has ... |
|
 Should i countine to pay my mom rent? |
| My mom as just inform me that i have thirty days to get out of her house, and i was wondering since she gave me a thirty day notice do i still have to give her half my paycheck like i have been ... |
|
 My lease ens in April, so I asked my landlord today if I had to renew it.She said : No, its month to month.? |
| She said the rent is going to stay the same. But I am a little confused. I never received a lease renewal letter.Shouldnt I get at least some kind of papers with the new terms of this new agreement? C... |
|
| How do I get someone off of a deed to the house? I pay the mortgage but the deed has both our names. ? |
Dumb move I know
Additional Details
I'm the only one on the mortgage. My income is the strongest so I'm the only one responsible for that. The only thing their name is on is ... |
|
|  |
Matthew D | Can you use a mortgage loan for anything other than buying a home? |
I have a scheme brewing inside my mind, however I don't know if its possible, or even legal. So, suppose I get a home loan. Do I necessarily HAVE to use it towards a house? |
 |
 
armychick_2001
 |
NO!
Try getting thru closing without it. No one will put your name on the check - the check will go to your lender or the seller of the house. |
|
mcmufin
|
What you're thinking about doing is called mortgage fraud. It is a crime. It will get you sued in civil court and charged with a felony.
BTW, it would never work. Banks do not give you a check when you purchase land. They give the check (actually, they wire the proceeds) to the closing agent. The closing agent then cuts a check to the seller for the sales amount. You never actually handle the money. |
|
HM
 |
No home, no loan. The house is the collateral, the mortgage is the loan. Bottom line, you do not HAVE an option to use the money for the home or not, because the money never touches your hands; the bank pays for the house, and you repay the bank.
http://mortgagefodder.blogspot.com |
|
reenzz
|
When you buy a home you never actually have the money in your hand. It's financed through the mortgage co/lender. Also, the home itself is collateral on the loan. |
|
sunnydaywednesday
 |
This doesn't seem to be a good way to do your finances -- in any case you might have to do accounting for it later, and you don't want there to be any glitches in your personal finance record.
Check out these resources, they might help you out:
http://www.stopsittingonyourassets.com/MarianSnow/preview/contents.html
http://mariansnow.typepad.com/assets
Great blog with lots of tips.
The book "stop sitting on your assets" by Marian Snow is amazing, it will open your eyes up about personal finance and tell you the things you should know. |
|
Jim M
 |
To get a mortgage loan they will want documentation. And a lawyer. The lawyer will pay the sellers.
I don't know your schemes, but you can also borrow against your home with a home equity line of credit and a second mortgage. In that case the money is clearly going to other sources. |
|
Vicky
|
I know people take out second mortgages to help pay for their kids college and such...so perhaps.. |
|
schneider2294@sbcglobal.net
|
Yes, that is what it's for. You will have to show documentation. |
|
basgetti
|
YES If you tell them its for a home loan to buy a home.
YES they don't just hand you the money with their blessing, they finance the home, that way they have the home if you should default, that is a secured loan with the home being what they get if you don't pay.
If its for a second mortgage or equity line on a home you already own because you have equity, or another kind of loan maybe a secured loan of some kind, then you can use it for what you want.
Again they can take the home if you don't pay.
You actually need to own or be buying the home already. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 39 minutes(s) ago
| | | |
9 | 58 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 5 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 6 day(s) ago
| | | |
9 | 1 week(s) ago
| | | |
9 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
