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

 What is you attuide toward 3 people trying to rent an apartment together?
...


 I rent my place. How do I legally throw someone out?
I have checked with the landlord/tenant division at the courthouse (Florida) and they say I cannot evict the person because he does not have a rental agreement to pay the rent TO me. Both our names ...


 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 ...



TG
Does anyone know if these "No down payment real estate programs" are legit and if so what's the deal with it?
Does anyone know how they work?
                     
 




Joker 1
Their legit, but your building a house of cards with their methods.

You get yourself heavily leveraged buying these repo house's (for the most part), it just takes is a glitch to cause everything to fall down.

All you need is a tenant or two, not paying their rent or a major repair like roof tear off to knock the wind out of you.

If you want to dabble in real estate, save your money and pay cash. I've run across those Carlton Sheets followers (and similar) haven't found one yet that's sustained the process over 5 years.


Wicked Good
Rating
All I know is the John Beck Real Estate Tax Sale thing is fake fake fake. I sent it back within the time period and had to get Wells Fargo to get my money back, even then it took forever. Thank goodness I bought with my credit card and had protection.


Vin P
Rating
I'm paying 7% for the first year and then my rate drops to 6.75. If I'd had a 20% down payment I probably would have qualified for an interest rate below 6%. I was able to come up with a little over 10% down but my mortgage broker said I should keep the cash for move in expenses since I didn't have 20% to put down. I was glad I did because I ended up having to get a new washer and dryer(old ones were too big) and a lot of other minor repairs I found out about when I got my inspection report. You'll need cash for closing costs too. Get a good mortgage broker and save up a few thousand first.


Chick-a-Dee
Rating
They work by luring you in with no down payments and low monthly payments. Thing is, after several months, they jack up the interest and then you owe more. Best is to put down a down payment and go with a regular lown.


nita5267
Rating
Always be careful when you hear no money down, etc. That means they are raising the price and they're going to hit you hard with interest rates. The only people that would want that kind of deal are the ones who really can't afford the house or car in the first place, and that's why people are getting homes taken away.


artwhiterealtor
When I meet people at open houses with the crazed look in their eye talking real fast and trying to make a wacky deal I wonder which of those get-rich-quick for nothing schemes they bought in to. Yes, there are no money down deals. If you qualify and the property appraises, there are still lenders that will offer you loans for 100%, even 103% (to cover closing costs) of the appraised value. Not all loans are equal. The terms of that loan may be a higher interest rate, or adjustment terms that could precipitously raise your payments. As an earlier answer stated, let the buyer beware. I suggest that you consult the city and county government sources to see if there is a buyer assistance program, your current bank to see if they offer zero down loans, and a good local mortgage broker to see what other programs you might qualify for. Choose your loan as carefully as you choose the property.


General Custer
These plans when they work usually involve paying more than the property is worth or lying to a lender (criminal).


victorschool1
Rating
Where I live there is no cheap real estate, and if you buy to rent out good luck because there are many vacant places for rent, in addition, property taxes and insurance are very high. So, why does real estate command high prices when taxes are high and buildings are vaccant. I don't know, unless people are bidding the price up trying to buy the properties with no money down in the hopes of getting rich. If the banks ever go back to demanding large down payments I think the whole real estate market will plunge and real estate will be looked at as a liability instead of an asset if it has high debt associated with it.


glenn
There are lots of ways to buy real estate for no money down. Those programs you see on TV however are worthless trash.

You are going to be much better off if you can make a down payment. You will get a better loan and be more secure in an uncertain future.

If you are buying the house to live in you will find that with pretty good credit almost every loan company will make you a 100% loan.

If you are buying a house to rent out almost every loan company will want you to put some money down. They would prefer 20% down.

If you are buying a house to fix up and resale quickly and just want a short term loan the bank will often loan you 100% plus they will often loan you money for the repairs. This kind of loan is supposed to last six months or a year- not a mortgage.

Some people think they can go out and buy a house then without working at all on it they think they can immediately resell it for a profit. It is best not to ever expect that to happen, don't count of winning the lottery either.


NasUnRa
Rating
they are legit but your montly payments will be a little higher. Its not like a "interest only loan" where they hit you with a balloon payment or jack up the interest after a few years. I got my first mortgage loan like that.


alexis c
The only program I know thats legit is N.A.C.A. no money down and they pay your closing.Ceck it out naca.com


Grand pa
buyer beware


Frank R
Rating
If you are talking about a "late nite TV program," forget it. If you are talking about a lender providing 100% financing, then it is quite possible. Most lenders will do so for owner occupied homes, providing you are qualified and the property appraises for at least the sales price. Most lenders require 20% down for investment properties though. Owner financing might be an option in that case, but, the price will probably be inflated. Talk to your local bank or mortgage company and discuss your situation with them.


TheMom
Rating
They are generally designed to make sure you loose the house within a year and they get it. Stick with brick and mortor banks and FIXED loans, with 10-20% down and you can't go wrong.


 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. 0.024
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy