Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Renting & Real Estate
Finance Discussion Forum

 I bought a cemetery plot and would like to use it the summer for miscellaneous activities. Is this acceptable?
I’m in my early 30’s and recently purchased a cemetery plot. Rather that let it sit there and receive any use from it until I’m dead, I’ll like to partake in some summer activities this ...


 Why would someone offer to buy my house if it's not for sale?
Some one left a note on my door that said, we buy houses and I am interested in yours. I called out of curiosity and the guy said he's a flipper. I told him my house is not for sale & I ...


 Landlord wants banking account number??
5 of us share a house. We just added the 5th person on our lease.

Our land-lady is asking for this persons checking account numbers.

is this legal?

She said her ...


 If i have an address, is there a way to find out who lived there?
I have been frauded and only have an address to whomever used my information illegally. Is there a way to search names of people who might have lived there?...


 A seller's agent won't show me a home because I don't have a buyers agent...what to do?
Hi, I saw a home on the MLS that I like. When I called the seller's agent to see if they would show it, they wouldn't because I didn't have a buyer's agent...can they do that? T...


 If my partner has been on my tenency agreement for 4months does he have any rights to the property if we split
I have been renting my house for 10 years and met a man 6 months ago who we put on the tenency agrement 4 months ago. We have now split but he is refusing to leave stating that he is on the ...


 My landlord just raised $300 on my $800 rent. Is that reasonable? Is there any regulations on that?
BTW, I live in Massachusetts. What can I do about the raise? No matter what I said, he still insisted on raising the rent, complaining that mortgage interest, taxes, water, and the cost of ...


 I have been a private tenant for the past 18 months?
My shorhold tenancy agreement (initially six months) ran out long ago and I have just continued to pay the rent monthly since.
My landlady has now given me two months notice to move out because,...


 Can I let my house to a member of my family?
I'm trying to sell my house, but not having much luck. My sister is moving back to Northumberland and suggested that she rent it from me, however someone mentioned that you aren't allowed ...


 New House Purchased, Owner Wanting More Time?
I purchased a house about a month ago. The agreement was that the current owner would vacate in 30 days and I could move in on November 9th. Their real estate agent called me today and said that ...


 What does it mean when an apartment ad says...?
it reads " 1-2 bedroom apartments utilities paid call 'blah blah blah' "what do they mean by utilities??? water electric gas????...


 Renting, they will not give me back my deposit.?
I am renting a furnished apartment but soon will be moving out after purchasing a house.

I have not got on well with my landlord for the last 2 years and realise they will plan to take my ...


 How to sell my house?
Just wanted some info on how I can go about selling my house and buying another. Can I do it all at the same time or do I have to wait 'till I sale my house first before I go looking to buy ...


 Why are house in the south so cheap to buy.?
i live in boston and houses are four times more money than the south. Its outrageous....


 How can I keep my windows open and stay safe in my apt. when I'm on the first level?
I live in an area where the crime rate is moderate. I would like to save energy with having my windows open this summer. Does anyone have any tips for keeping away freaks?...


 My boyfriend is on incapacity benefit and im on income support & were moving in together will dss pay?
We have a 8 month old daughter, but im planning to go back to university for my last year this month. We have just got the keys to our new home, but im scared that if they take me off income support, ...


 Do you own your house or rent?

Additional Details
I think the question is clear as it reads....


 My ex-fiance refuses to move from my home?
My ex-fiance & I were together 7 yrs. We bought a home together. Two yrs ago he revealed to me that he owed the IRS $250K. After complete shock, I agreed to take a 2nd out on our home, but the ...


 How to type a letter to landlord about repairs in the house?
...


 Is it safe living in a first floor apartment?
Hi all! What are your opinions on ground floor apartments? I am a 20 year old female who will be living alone for awhile and the apartment I fell in love with happens to be on the first floor (...



jammy s
Do u think interest rates should be cut to help out millions of families loosing their homes?
DO you think Millions of people (including their kids) loosing homes should march infront of the White House and Federal Reserve Bank to plea for lower interest rates to help alleviate their mortgage payment woes?
                     
 




Down to earth
Rating
I don't agree with some of the other answers. I think people did take ARMS at rediculous low rates, but if the interest rates had gone up slowly, the way rates normally do, they mostly would have been fine. No one could have forseen the constant and rapid increase by the Feds- I think we need to quit bashing people and realize that it's an unusual situation . Yes, I think Feds need to cut the rates- not only for the people facing foreclosure but because we are going to be in big trouble in all segments of the economy if they don't. Manufacturing for home products is down, building supplies are down, etc. How long before people are laid off? It's not only about the ones that are loosing their homes- it's the WHOLE picture- we are all in it! (by the way I locked at 5% long ago!)


sortaclarksville
No. I think they should have read the fine print and not taken out mortgages for more than they can afford. Any idiot knows that a variable rate is most likely going to increase. If they weren't able to afford the payment at the highest possibly interest rate, they should have locked in at a reasonable fixed rate.

I'm sorry, people with this opinion want their cake and want to eat it too. All was fine and dandy when they were getting a lower than average interest rate. Now that it's gone up, they want to whine about it. They took the gamble and it was all spelled out to them before they did it.

Greed for a lower interest rate is what got them into this situation.


Hurley2012
No.

I don't care how nice and kind the ditech loan looked, with their calming music and cartoony-advertisements. This is what happens when you live beyond your means.


bostonianinmo
Rating
Interest rates are still at near-historic lows already. They haven't been at this level since the mid 1960s.

It's not the responsibility of the White House or the Fed for the actions of ill-advised individuals who entered into loan contracts that they could not afford.


pharmdawgz
No, that's life. But the people who are responsible for approving millions of bad loans should be publicly flogged and thrown in jail for the next 10 years. *Sigh*...I know that's not going to happen though, but they at least should be denied their golden parachute somehow.


Spock (rhp)
would you let the foolish bankers and their ilk off the hook for making dumb loans?

there are maybe 100 billion plus of losses yet to be booked on this -- suppose you really wanted to do this -- how can you accomplish the result without, in essence, giving those fools 100 billion dollars?

and where would the 100 billion come from? taxpayers? inflation?

It has to come from somewhere if the bankers get it.

so please tell me why us retired folk should pay for this when we weren't part of the whole mess?


thanks,


bpl
Rating
No, not at all. Interest rates will not change based on being going into foreclosure. Remember this, people regardless of the rates are in foreclosure. Now, with people taking out loans that they should not have, and an industry that was trying to do too much mortgage business, this will not make the rates go down. Rates follow economic cycles.

If anything, more families need to start freshing up on what a real mortgage looks like, and stay away from "funny money."


bigoilman
Rating
While I agree that this mess is of the buyer's own making, I can't understand why the banks and mortgage companies won't allow the people to refi into a loan that they can afford to pay. We all know that banks don't want houses (non-performing assets) especially in MASSIVE quantities. So why in the world would they refuse to refinace a customer into a new loan that they could afford? Instead of a happy loyal customer paying them in full for the next 30yrs, they end up with a house they didn't want in a market that's tough to sell anything in.

Banker's care to help me out on this one?


CPA/PFS
Rating
No, I don't. When asked a similar Q yesterday, Warren Buffet stated that they shouldn't be.


Landlord
Hey, they picked their loans. No one is loosing their homes against their will. They knew that their interest rate would increase when they signed it.

You apparently do not understand how our economy works. Artificially lowing the interest rate will serous effect our entire economy, including those of us you work and pull our fair share.

You would just trade one set of problems for another, only you would be dragging the middle class down with the lazy ones.

I think the government should STAY OUT of the present situation and let it correct itself. It will do that naturally, no need for Big Brother to baby sit us.


rvchoate
Rating
Raising interest rates is the right thing for the Feds to do. People who save their money will credit from this. What does not make sense to me, is all the people who cannot make their house payment just because of a small increase in the variable loan interest rate that they agreed to. It might be costing them a little more, but shouldn't their income be more now. The minimum wage is climbing, and most people have been getting raises. I think it's time for some people to start watching their budget. Only spend what you can afford.


bill d
Rating
personally i don't care if they loose their homes or not, nobody force them to over pay and take out adjustable rate loans,


sparkle39399314
its a shame that people get thrown out of their homes but they got themselves there. homeowners get different interest rates depending on their credit score and if they have a terrible score (from not paying bills or too many credit cards) they're gonna have a high rate and its usually their own fault by making poor money decision like buying that new car that wasn't necessary or dropping thousands of dollars on a new plasma. the way the housing market is they can always just sell and move to a more economically friendly neighborhood. also if they got a fixed rate morgage they have no excuse since its the same payment every month for 30 yrs or so but no they shouldn't hang out in front of the white house b/c 1. the executive branch of the gov't doens't control interest rates alan greenspan and the fed do and 2. people who get themselves in a financial mess shouldn't make make excuses and put the blame on others.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.004
Copyright (c) 2011 Financial Crisis Monday, May 28, 2012 - Terms of use - Privacy Policy