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I am in the process of buying a home in Oklahoma with an expected close date of Jan 31, 2008. My lender is working on the final approval and I have been told we should be able to lock our rate very ...
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I LIVE IN A VERY NICE SUBURB IN MICHIGAN. WHEN EVER I TYPE MY ADDRESS INTO ZILLOW THE PRICE OF MY HOME COUNTINUES TO DROP WHICH CAN NOT BE TRUE. I HAVE PUT THOUSANDS OF DOLLARS INTO MY HOME FROM HARDW...
elisabeth n
Contract to buy a house?
If i have signed to purchase a house and not paid for it have i got the right to rent out that house? by sub-letting my right of use and enjoyement of the house Additional Details is this so under spanish law also a woman has signed to buy my house but not paid and rented it out what are my rights?
You can't do anything with the house until you actually own it.
Jo
You don't have any rights to that house until you have went thru the closing process and you have paid for it (whether it is 'cash' or with a loan).
Anna C
No. No payment means no rights.
spook542
You can't do anythng with it until you complete the purchase. Completion will not happen until you've paid.
2995
The house is not yours by law untill contracts have exchanged, sorry
Sangmo
You can get a tenant lined up, and a rental contract drawn up ready for signing immediately you have completed on your purchase contract (ie money has changed hands), or you could sign a rental contract contingent on completion of the purchase, with the rental starting from the completion date.
DENNIS R
You really don't have the right to rent it out until you bye the property.... unless the current owner says it is Ok. Kind of risky though for the person who wants to move in.....what if the loan doesn't go through and they have to move again???
godged
Until you close, you have no right to the house.
In some areas with CC&R's, you cannot rent out your house, it must be owner occupied.
josephrob2003
if your paying a mortgage,you can let it out,but you are oblidged to telll the lender,and he can charge you a higher lending fee.
Richard P
you can let it out only if you change the mortgage to a rent to buy one !!!
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