 Friend is asking to rent an apartment for him. What are my risks? |
| My friend (with poor credit history and with poor judgement, IMHO) is asking me to rent an apartment in my name and sublet it to him. I want to help out, but I don't want to get myself in ... |
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 Is this true? |
My friend says she can make 100k and upwards being a realtor in the Southeast U.S.
Is this true, or is she mistaken? I just find it hard to believe that a two week course can produce that ... |
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 What are the rights of co-tenant's whom are not on the lease when the other tenant passes away? |
| landlord wants us out in three days but we need more time to get all of the belongings out. our roommate passed away from a long bout of ... |
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 For people that live by themselves, I'm 16 and wanna move out? |
| Dont tell me not to move out because your not in my situation and you have no clue how much depression i go through living with my family. I've told them about it for quite a while and they ... |
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 My Dad died and my Mom wants to sell me her house for $1.00. How does she go about it and it be legal? |
| My Mom doesn't want to bother with a realitor because she can't afford it and I can't afford to pay any more. She just wants a simple thing between her and I, but we want it to be ... |
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| What is a mortgage?? |
I know its to do with houses.
It may sound stupid, but I don't actually get what one is?
Or why do you need/get one??
Thanks in advance.... |
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 My landlord pays for water and I run the shower on full blast all night to drown out my neighbors snoring? |
| a problem he wont rectify, and i am currently waiting on a mediation date for. Can he force me to pay for the water use? Should I tell him I am using the shower as a noise control to force him to ... |
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 Can someone explain to me why it's the government's responsibility to bail out borrowers who were told . . . . |
| . . . .about ARMs and how they function? i keep hearing in the news how the government is supposed to step in and stop these ARMs from adjusting upward and freeze rates where they are still in their ... |
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 What do you do if a neighbor sabotages the sale your house? |
| Grandma left us her house on the other side of the country. We can't afford to keep it or even rent it out (rent prices too low, maintenance too high from far away). So we're trying to sell ... |
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 If I want to increase the rent of my tenant in the UK at the end of the agreement how much can I do it by? |
| Should such a clause have been included in the current teancay agreement or if I want to retain this tenat am I entitled to increse the rent by a certain percentage for the new tenancy agreement?... |
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 Should we buy this house? |
| My fiance and I have been looking at houses for the past four months. We finally found one in a good neighborhood that we can afford. The problem is it was built in the 1050's, and the furnace,... |
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 I purchased a home last October, 0% down.? |
| Will sending my mortgage company $3k towards my principle help reduce my monthly bill? By the way, I got a 6.375% rate for 30yrs. Should I try to refinance instead?... |
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 They want to keep our deposit! we havent even signed a lease!? |
They want to keep our deposit! we havent even signed a lease!?
we put a security on a house we were going to rent this past saturday, they don't want to give us back our money now. My ... |
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| If the bank of England raise the interest rate do house prices usually come down? |
| I'm hoping to buy a house this year and the Bank of England have just added another 0.25% to the ineterest rates. How does this effect house prices?... |
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 Do I still pay my rent if Landlord is in Foreclosure? |
| Okay, it is November 10, 2008 and according to the papers the court server just dropped off my landlord has not paid his mortgage since June 1, 08. I have tried to contact my landlord to find out his ... |
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 Do you know any on who can help save my house? |
| i got hurt at work ,and can not work the mogt people redid my house note , to help me out it went down to 563.00 now there calling me and telling me it is back up to 824.00 i only get 827.00 a mo ... |
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 Is this a scam? |
I have my house listed online and I have been eamiling this guy back and forth. He wanted pictures of the home and so on and so on...and the lowest price and then I got this ermail from him
... |
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 My next door neighbour has put his house up for sale my question is ? |
| Why does he think it is worth a small fortune. It is a poxy little 2 up 2 down.... |
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 I have £225,000 cash in the bank.? |
| do you think i should wait for a resession before i buy when the property values crash to buy a big ... |
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Mrs. Maynard | First time home buyers! Advice is appreciated!!? |
I recently got engaged October 19, my finace and I started house looking, just to look around. We didnt think we would find anything or want anything so soon. (our Wedding is not until June) But we found a house what we absoltuely adore!! Both of us! We love everything about it! and the monthly payments will be within our budget! (Thank goodness!) My finaces mom is best friends with the owner of local banks, he has promised us a loan for the house, but we need $5000. down payment. Which would not take forever for us to save $5000. But we both love the house so much that we are afraid someone is going to have the chance to buy it before we do!!
Any advice at all is appreciated! we are in a pickle and not sure what to do about it!
here is the link to the beautiful house!
http://www.century21.com/buy/property_detail.aspx?teasers=property-detail-all+Property+Detail+with+Pictures+and+Tour&tr_key=33856677&bSite=N&City=Ashland&State=KY&PriceMin=100000&PriceMax=150000
Additional Details
Its not that we cannot get $5000. We would have no problem. But we also have bills right now and other obligations. We are not getting in over our head. We do not want to use money out of our savings, or our cd. We have had a bank account and sharing money for over a year. We want to take our time buying hte house but afraid someone will snatch it while we are waiting for something to happen/ |
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VAgirl
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Cute place and you are right to think it will be gone soon-it is darling. I would cash in those CDs and make it happen. Now is a great time to be a first time buyer with out a home to try to sell, don't look back and regret missing out on a place you like. I would use some savings or the CD's and go for it-a home is an investment and the reason you squirrel money away. If that isn't the time to cash in some of the rainy day money I don't know what is. And just cut back on the wedding and put that money back into savings. Trust me-a wedding is just one fairly unremarkable day in a lifetime of memories. Which is more important having everyithing just right for your guest that day or having a great place for your family now and 15 years from now. Good luck and congrats on the engagement. |
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godged
|
One option, you could make a really good offer on the house and ask that the seller put $5,000 toward your down payment.
Whatever loan he is getting you into may not allow that, so you should check first.
Since this may not work out, you are going to have to face that this is not meant to be.
In the meantime, save save save in case it is there waiting for you when you are ready. |
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daeve930
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There are lenders that will finance 100% of the purchase price. You would only need enough cash for closing costs. Perhaps the seller would be willing to pay some of the closing costs. He can probably pay up to 3% of the purchase price in closing costs, not to exceed the amount of the closing costs. In other words, you can't get any money from him except for closing costs.
State Farm Bank is one that does this. Contact your local State Farm Agent for more information. |
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Atlanta Realtor
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You can make your purchase offer contingent on the seller contributing the $5000. Work with a Realtor and ask the lender. There are many ways around this. |
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bmwdriver11
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Save up the money and then buy it. Houses are moving REALLY slowly right now. Its better if you buy it right as you get married anyway, just in case (yes yes, I know, nothing bad will ever happen to YOU, it always happens to someone else- famous last words). Plus- if you wait a while, the seller might drop the price even more fro you! Plus, its expected that interest rates are going to fall ove the next 6 or so months. Going too fast on this could cost you a lot of $$. Go sign a contract on the house 90 days before your wedding, to close right after you get married. 90 days isnt at all unusual. Dont rush too much! And keep looking, with the market the way it is, you might find an even better deal on place you like even more! |
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mistermark
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Holy cow, you guys can buy a house for 144K in wherever you live.
Geez, I need to move, houses in Minnesota where I am average in the 400's at least.
Yes, get the 5K from the seller. If you haven't already offered below the price of 144, I'd consider offering 140K plus 5K from the seller towards buyers closing costs.
that's a very reasonable 9k out of they're green, but if they want to sell, they'll do it. |
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Terry S
|
First thing I would do is check your state for first time homebuyer programs.
If this home was in Arizona, and you qualified, you would NOT have to come up with $5,000.
In fact you would receive as a grant 5% of the purchase price for pre-paids and closing costs.
Here is the program for Arizona.
http://www.welcome2arizona.com/home/first_time_homebuyer/first_time_homebuyer.php
Good luck
Terry S.
http://www.Welcome2Arizona.com |
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Carolinahomerates.com
 |
found yourself a mortgage broker who can do Mycommunity mortgages. it's a zero down program with 620 middle credit score..and have the seller pay the closing costs.
everything else should be a breeze |
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randallbenston
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Go to your banker friend and offer to do an equity sharing arrangement - he gives you what you need to get the 5,000 and you give him his proportianate share of the profit when the home sells. You can add a provision to pay him off early with some kind of reward, like 10% interest, if you don't want to sell the home in a time frame like 5 years. Another idea is to ask the owner to offer financing and set up a schedule to put in the 5,000. Just be very sure that you are not getting in over your head - your banker should be able to tell you if you can afford the house. |
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Cherry_Blossom
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Only $5,000 down? Try asking the lender if you both have great credit if they can just pay the closing cost, which is what the $5,000 sounds like to me. Especially with the market these days, it's more of a buyers market. If not, try a credit union or look for other lenders who can offer you to purchase that home.
Congrats and good luck! |
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Insensitively Honest
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You are trying to buy a house , ....and you do not have any mooney to put down on one , ???? I think it sounds like another sub prime mortgage to me ...How do you expect to buy a house with no money ???? |
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white.wendell@sbcglobal.net
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Well if you don't have the 5 G and can't get it then I guess you'll have to settle for something else, huh? |
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