 How easy is it to become a realtor? |
is the test to get a license hard?
Is the carreer outlook good or are there too many realtors already?... |
|
 House is repossessed & bank auctions 2 recover debt+fees, & there is $ left over frm sale, do you get it back? |
Please help me settle a debate. Here is the scenario:
Say you buy a house for $100,000 and get into a 30 year mortgage with a bank. Over the years, you manage to pay off 70% of the ... |
|
 I have a problem with my landlord-involving mold-rent etc. PLEASE HELP!!? |
| We just moved into this condo a little over a month ago- 2 weeks ago I was putting things away and found mold. I also determined that the pure filth that I had been cleaning was also mold after ... |
|
 I'm a landlord. Can I raise the rent without a signed lease renewal? |
| I have a tenant who's been living in my CA rental home for 3 years. Great tenant who's never signed a lease renewal after the first year. Can I raise the rent in the middle of the year by ... |
|
 Where do I stand legally...? |
| We agreed to rent a new house a couple of weeks ago and so sent in our applications and paid £300 "admin fee" to keep the house reserved for us so that other prospective tenants couldn'... |
|
 Does every landlord run a credit check? |
| my credit isn't terrible, but I need a new place to live, and I am worried.... |
|
 Can I sue my landlord? |
| I believe my landlord is lying about his reason for kicking me out. He claims a family emergency and has given me 30 days notice but I found out that isn't the real reason. Can I sue him? He ... |
|
 Is anyone responsible when a real estate deal falls through causing hardships for seller? |
| I'm selling my house. It had a contract on it. The buyers gave a $250 ernest check. One of the deals was that I have everything moved out by the closing day which meant I had to find another ... |
|
 How do you feel that you live in your own home compared to people who can't afford to buy one ??? |
Additional Details
i don't own a house....i am renting an apartment and that's why I just want to know if people living in their homes feel good or ... |
|
| Ear..the mrs want me to buy one of em muscle toners... the ones with stick on pads. bugga me £85 notes........ |
| ...my ****!! going to make er a 240 volt one....she'll be lookin like twiggy by next month.... PS. can i still claim on er life insurance if i electrocute er???????... |
|
 Can I make my landlord turn on the heat? |
| I live on the second and third floor of a two apartment victorian house. There hasn't been anyone on the first floor for years. (I know for a fact they just took out the old gas light fixtures ... |
|
 Have to be moved out of apt in over a month but afraid I won't close on a house in time.? |
| I still have 6 weeks or so til I need to move out of my apartment, but I'm afraid I won't be done closing on a house by then. If it comes down to it, is there a way to speed up the process ... |
|
 What is the fastest way to save for an apartment? |
| I'm trying to save money to get out my parents house. But I only make 6.15 an hour and I work 4-6 hours. How long will that take?... |
|
 Serious Answers ONLY Please. Trying to purchase a house? |
| I am a single mom with 2 kids and would like to know the proper procedures in buying our first home. I need to know where to start and how to get grants or loan approvals. I have a full time job ... |
|
 Can landlords in Tennessee make you pay 6 months rent up front? |
| This is my conversation with my friend.. The question is can these "landlord" really make them pay 6 months up front. I've never heard this. He boyfriend is deployed so they have the ... |
|
 Bankruptcy and renting afterwards? |
| We have decide that we are going to apply for bankruptcy as we have tried all other avenues of resolving our debt problems and they have not worked. We are currently on a debt management plan but ... |
|
|  |
janeysmithster | Could someone please explain what reposession of a house means? |
why? |
 |
 
runner
 |
Your mortgage goes into default when you haven't paid your mortgage payments for a certain number of months (sometimes as little as 3). Once someone has gone into default, their mortgage is considered a 'non-performing loan', or NPL, by the bank. They then keep calling you for a little while until they really decide that you are not going to pay, at which point they then legally seize (i.e. repossess) your house since it is the underlying security/collateral that was backing your house.
So in answer to why they do it: since they are not going to get any payments from you, they need to get some sort of return/recovery on their investment. So they then try and sell the house in order to realize that return/recovery on their invesment. If they make more money than they needed on your house, they may even give you the extra profit, but your credit score is still ruined. |
|
olivia martin
 |
yeah It means that the banks are taking the house back because you didn't pay your payments, and you have to move out! |
|
tazpion
 |
Our mum brought our house out-right, before she passed away. Anyway...Its when the bailiffs come knocking at your door to kick you out of your own house at 11am on a Thursday morning!! My former brother took out a loan against our house (without my knowledge!) He defaulted on the payments and we lost our house! The best part was thou...when the house was sold, i got my share of the payout and my former brother got nothing as his share was taken off him for the loan he took out!!!! |
|
Brenda
 |
Depending on the context ? . . . if a person owns a home and it is mortgaged with a bank and they have stopped paying the mortgage payments ~ the bank could repossess the home.
Without more data on the precise situation hard to say more than this |
|
Baby Face
|
It means when your house is being taken from the bank because you could not pay the mortgage which you took. |
|
dudewithacar
|
1) you buy a house, and you get a mortgage to pay the seller of the house
2) you don't pay the mortgage, fall behind it, whatever semantics you want to use
3) the bank gives up on getting payments from you and decide they are better off taking the house (repossessing it), sell it at auction (foreclosure), and you are still on the hook for the difference between what you owed in the mortgage (including interest, penalties and fees) and what the bank collected after expenses.
4) you'll probably declare bankruptcy
It's like a root canal, the sooner the better, and you can start again. |
|
Butternut27
|
means that the owner of the house (the mortgage company) who you/we borrowed the money from...(bcoz a house is not legally yours until you pay all the mortgage back to the lender)....has taken back their asset.....as you/we have been defaulting on payments... |
|
camel herder
|
Heartache at watching something you have loved and cared for disappear from your grasp.
IF it is you that is looking at your house being repossessed (in the UK that is what it is called) then act now speak to someone. I have a relative who spoke to their bank manager the day before repossession and they managed to stop the court action by getting the mortgage company to back off. they were fortunate however that the mortgage company were part of the bank.
My advice to anyone is pay the Mortgage the rest of the stuff can wait so what at least you will have a roof over your head. |
|
Jeff T
|
For a car, it's called a reposession.
For a house it's called a foreclosure.
But it's the same thing:
You took out a loan to buy something, and, in return for a lower interest rate, you promised "if I don't repay this loan, then you can take my house"
And the bank said "all right, since there's less risk that we'll lose our money (because we can sell your house), we'll give you a 6% interest rate instead of a 13% rate."
Taking the house if you don't repay is called "getting foreclosed on"
The bank calls the sheriff, tells him the situation, and the sheriff comes to the house and says "this is not your house any more, and the new owner (the bank) doesn't want you in their house, so get out" |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 31 minutes(s) ago
| | | |
9 | 38 minutes(s) ago
| | | |
9 | 44 minutes(s) ago
| | | |
8 | 53 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
8 | 7 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
9 | 1 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
