 Please help me understand? |
When you sell your home how soon do you get the payment for your home from the bank!?
Additional Details
My grandparents both passed away and there home was to be sold and divided ... |
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 I have a severe mold problem in my basement what can I do to get the landlord to fix it ? |
| In my lease it said they would not be liable if something happened due to mold and yes I have learned my lesson to read fine print. I think it might be black mold and I have been sick since we moved ... |
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 Making offer for a house? |
| My husband and I are purchasing our first home. It is 1 story, slab-not basement, 3 bedroom, kitchen, living room, attached garage, and medium sized fenced yard with shed. It is siding with some kind ... |
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 8020 Home Loan?? |
| How exactly does an 8020 Home Loan work??? IS it least favorable option??... |
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 Living in Illegal apartment and getting 2 months to move out with toddler?? Can we get more time to move? |
| My husband and I with our 1yr old son live in an illegal attic apartment... When we moved in we didn't think it was illegal until our friends told us it was when we have already moved in. (we ... |
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 My house has been on the market since march 2006 and wont sell and has had about 2 pathetic offers? |
| i have dropped the price from 450 000 to 399 000 and changed real estate agent once alredy ,the agent im with now seems pretty good though they do what everi want them too and are advertising the ... |
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 Then tenant signed a lease to rent our home on 1/13/07. When we cashed the depoist check? |
it BOUNCED. We gave him the keys already on the 13th since the home is in TN and we live in VA. We've given him over a week to get us a new deposit check, but we haven't gotten it.
Is ... |
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 I want to pay off my mortgage, do I need to get a lawyer or should I get in touch with the bank directly? |
| I've decided to pay off my mortgage from money that I've inherited instead of investing in something else as it's more beneficial for me to pay it off and live comfortably off my ... |
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 I want to buy a house or a condo, how much of my monthly imcome should it be? |
If my monthly income is 10,000 what percent of that should be dedicated to a house? Is there a specific percentage?
Additional Details
Is the 30 Percent BEFORE or AFTER taxes?... |
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 Landlord notified me of a mandatory inspection 4 days in advance. Am I legally obligated to let them enter? |
| I live in an apartment in Oklahoma City, OK. They set the date of the inspection, and it is while I am at work. Do I have the right to refuse the inspection or at least set my own date for when I ... |
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 When getting a first place, is it better to rent an apartment or buy a starter house? |
| I have heard arguments for both sides and wondering what people think. Renting is usually just throwing money away in a sense and with a house can actually build credit.... |
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 Could raising my rent (or refusing a lease renewal) because I'm pregnant be considered discrimination? ? |
| It's that time of year (lease renewal) and I have an uneasy feeling. I don't want my landlord to pull any funny business because I'm pregnant. He already informed us that the rent will ... |
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 If someone owns a piece of land, do they own it all the way to the center of the earth? |
| THis sounds like a 'duh' question but really, there are archeologists and stuff and are they allowed to dig under your land?... |
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 My landlord wants too? |
| bring people to show them round my flat as my tenancy runs out next month. i was not able to view the flat untill it was vacated i have read my contract and it says nothing about this. can he do this.... |
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 Is older house dangerous to live in due to asbestos paint & stuff like that? |
| I heard that you can get a cancer. Is it really dangerous? Besides the paint, anything else that might cause health problem in older houses? I am talking about houses built in 1950s & 1960s. H... |
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john b | Does "No money down real estate really exist", and do they work for investors? |
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fly g
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yes but I think many of them are from predatory lenders. Although there are some good programs for first time home buyers, you just have to be really careful of the loan terms |
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Mike
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A first time buyer getting a home for their primary residence with excellent credit can still get a no-money-down mortgage.
For everyone else, including investors, no. And there is no dumber time to be a real estate investor then right now... have you seen the news? It is a serious buyers market, and prices are still falling, and have a long way to go.
And those things you see on TV get-rich-quick infomercials are scams... they require you to break the law and take a deed without a mortgage, it scummy and illegal, so stay away from those deals. |
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Lifecircus.com
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Not no more |
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bigct9
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These guys report to have programs:
http://www.uslendingrates.com/index.html |
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♥monamarie♥
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100% financing is a thing of the past.... |
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www.shaunramos.com
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Absolutely. When investors say "no money down" they usually mean none of THEIR money down. It could come from a private lender, a partner, family, etc.... but, it's no money down for them. |
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godged
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No, it doesn't, unless you can find an owner that will carry the financing with no money down. Highly unlikely. |
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Extend Expiration ♥ ♥
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You already have a bunch of great answers and I have to agree that "no money down" is not a possibility anymore because of the HUGE number of foreclosures now and to come. Most lenders (and THEIR investors) feel that there is more at stake for the borrower if they invest cash into the purchase, thus they are less likely to fraudulently acquire the loan only to foreclose later. If they have something to lose other than the house and their credit, they are more likely to think twice. |
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Etta P
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No, not much chance of getting a no money down even if you were buying an owner occupied primary residence. We are seeing the end of that kind of risky loans. With regards to investors properties, lenders have always looked at investment purchases as a higher risk. As it is a statical fact that if a consumer experienced financial problems, the property that goes first is not the roof over their head. But in today's market it is even more tricky. Lenders are requiring much larger down payments, excellent credit histories, demonstrated past investment experience and hefty documented post closing asset reserves.
Please be careful of anyone offering you that kind of program for investors, in today's economic mortgage crisis some lenders are not even doing them anymore(especially in declining value states, some are requiring 30+% down with no allowances for any kind of gift or unsecured borrowing to meet these tougher criteria. So don't give any money up front
you may lose it. Below is a website that may offer you some additional information from the nation's purchasers of mortgage loans. Hope it helps! |
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tomthepawpaw
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It can for a lucky few. It may be possible to get into some homes right now because so many people have not been able to keep up with the variable rate loans. You have to be in the right spot at the right time and have the right lender. If you are thinking of investing in one of those courses that promise you riches. It is true that somebody is getting rich, but it won't be you.pp |
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jbarelli
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"No money down" programs exist, but as an investment scheme (as seen on late night tv) they are primarily a way of getting the "investor" to spend money on a "program".
There are any number of programs designed to help people purchase a home for themselves to live in, and these are normally run by either state or local governments. The Veterans Administration's program for eligible Veterans is probably the best known, but many others are available, especially for first-time home buyers.
Some areas also have programs designed to get investors to buy blighted properties and fix them up. The idea is that the investor's money will go into repairs, and you can expect that the reason those programs are needed is that the properties involved have what we like to call "challenges". That's a nice way of saying "really big and expensive problems".
As far as investing in real estate, remember that there are professionals that do just that for a living. They work hard at researching properties and the local real estate market. If a particular property actually is a good investment, then there are investors willing to put money into them.
Some investors do actually use credit to purchase properties, but these folks have established credit histories and experience in renovating properties. Lenders are not (for the most part) stupid, and don't finance property purchases on a whim. They want to be sure that the loan will be repaid, with interest.
One way new investors do manage to finance the purchase of investment properties is to use some other source of collateral for the loan. Home equity loans are routinely used for this, but remember, if the investment property isn't worth what you think it is and you default on the note, you lose your home. |
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