 Is it true when a realtor said that they will sell my house in 30 days or they will give me $1000 cash? |
Has anyone dealed with this type of issue before?
What's the catch?
Additional Details
It state on their ad that "He or She will sell my house in 30 days at the price I ... |
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 How does a home equity loan work? |
| I want to add onto my home, how do I get the $$ to do so?... |
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 Is it better to buy a crappy home in a desirable location or a nice home in a less desirable location? |
Additional Details
Sorry, I should clarify: Is it better to buy a SMALLER home in more desirable neighborhood or a BIGGER home in a less desirable neighborhood. Less desirable meaning ... |
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 Rented property? |
| why is it private landlords or estate agent lettings do not want dss clients my opinion is with people on housing benefit you are guaranteed the rent every week on time unless you have a good job or ... |
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 Home Buying Negotiations - Help, Please!? |
| Negotiating to purchase a home, need help to know best way to be successful. House on the market for > 7 months, originally 350k, gradually reduced to 315k. Sale due to death of spouse, and seller ... |
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 Are we Getting a good interest rate? |
My husband & I are 1st time home buyers. The rate we've been quoted is 7.25%-
We have nothing to put down( 100% financing), our credit is good (705), 40 year loan. Is this a good rate?... |
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 I closed on a home this evening. Can the seller tell us when we can or can not move in? |
| I closed on a home this evening. Both myself and the seller signed the closing paperwork. The seller told us that he does not want our personal belongings to be moved in until he gets his check ... |
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 Landlords any good advise? |
| I have just became a landlord any advise from exsisting ones about potential problems and how they were ... |
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 How long does it take to be evicted? |
| My landlord served me with papers to go to court, and i was not able to attend. I want to know how long will it take him to evict me...i have not received any eviction papers yet. How long does it ... |
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 It took my landlord 7months to fix 2 leaks in my apt, so I stopped paying 4months ago. What should i do? |
| I stopped paying him because he told me that he thought that I was lying about the leaks. I have the money to pay him. But I guess I was not paying him from 4 months prior to him fixing the leaks ... |
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 How do I sell my house and buy another house at the same time? |
| I own my house but I have a small equity loan against it. I'm ready to move and my house is on the market (been on the market for a month, no bids). I've found a house I want to buy. Is it ... |
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 Can we prosecute for not disclosing flood plain information? |
| I purchased a 23 acre piece of land a month ago without the help of a real estate agent. We signed the papers and paid the money to a title company where the deed is being prepared. We have since ... |
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 Its been 2 months since I received the notice of foreclosure.Is it too late to stop foreclosure? |
| I always have this stupid habit of doing things at the last minute.Probably thats what got me in this rut in the first place.... |
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 Becoming a real estate agent at 18? |
| Can i become a real estate agent at 18? Maybe not as a full time job, but as a side job.LoL..thats all it is now..hehe..i am 15 now but i know alot about houses, financing the market etc..would i get ... |
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 I can't sell my condo and I need to do something fast? |
| I have a major financial dilema. I own a condo in Michigan where the economy and the housing market has pretty much hit rock bottom. I moved out of the condo a year and a half ago because I lost my ... |
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 Ok let me refine my question...? |
| A friend moved in to her apartment 4 years ago. Her mother co-signed on the lease, it is a yearly lease. Friend signed a new lease last year after going month to month so her rent would not go up. S... |
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Sherri J | How can I invest in real estate with $0 money down? |
Banks are asking for 20% down. I have good credit but, no down payment. I appreciate any advice I can get! |
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ardinc70
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I am an experienced lender in the Washington DC area with a large national bank and I can tell you 100% financing IS still possible, but you need good to very good credit to obtain them (over 640 score, if you would like a competitive rate). Also, you need to factor in the price of the home, you should be under the conforming loan limit ($417,000) if you plan on getting 100% loans in this market since that is the appetite the banks have right now. I am not sure which state you are trying to buy in, however, depending on your particular housing market, the sellers may also be willing to contribute between 3-6% of the sales price towards your closing costs, which would truly give you a "0" down loan. You should also consider the fact that you will more than likely require to pay monthly PMI (private mortgage insurance) with that loan, since you are not putting down 20%. Good luck! |
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Landlord
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You can not invest with borrowed money, an INVESTEMENT is taking your own money and earning additional money with it. Your "investment" will be the bank earning interest. |
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SCCRealEstateUNCENSORED.com
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If you really want to invest in real estate you have to look for the long term and for that to happen and for you not to get into trouble the 100% has to make sense. If you dont have positive cash flow wherever you are trying to invest, forget it. If you are just hoping for appreciation which is what many speculators did, you are not investing, you are gambling.
Get together with a Realtor/investor that can show you what real estate investing means so you dont get into trouble.
As far as getting 100%, I am pretty sure you may be able to find it although it is hard to do for an "investment" property, but the interest you will end up paying wont be worth the "gamble". |
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comixguru
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Some sellers will pay your closing costs (particularly in this slow market) and some lenders will finance the entire value (100% loan). Then you will be a "owner" with no money down -- just a mortgage payment, taxes, upkeep, etc. |
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William H
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Have you asked the seller to finance? Will the property have positive cash flow if you put no money down? |
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bud68
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It will be very hard given the current subprime fallout. Lenders are looking for excellent credit and substantial down payments. |
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glenn
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Your first step should be to own a home to live in yourself. You can get a home with little or no down payment if you are going to live in it.
Once you have a home that has a substantial equity you can borrow against that to buy your fist rental house. That is how I did it. Now I use my rent money to come up with the twenty percent down payment on any new rent houses I buy. It takes a long time to work your way up...but remember it is one day at a time. I bought my first rent house in 1983 and it was twenty years before I had the guts to buy the second one but now I own seven and I will own more as soon as the rental account builds up and allows me to have the down payment. |
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Celina J
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For more Information on Real Estate in Hosur, Property in Hosur, Villas in Hosur, IT Park in Hosur and SEZ in Hosur Visit www.hosurproperty.com |
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Terry S
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You missed the boat.
No money down deals have gone the way of the DoDo bird.
Lenders today wont do any more risky loans.
Your only hope is that your state offers "First Time Homebuyer" programs.
That's where you typically get 5% down for closing costs and prepaids.
These are set up as grants and DO NOT have to be paid back.
Here is the program for Arizona.
http://www.welcome2arizona.com/home/first_time_homebuyer/first_time_homebuyer.php |
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Gregorio
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You can still get 100% financing if you have good credit and it's not hard at all. (Depending on where you are buying) Many will say it's a bad idea to do 100% financing and that is true if you have unreal expectations. The problem before was with letting "anyone with a pulse" get 100% financing. If you have control over your financial situation and have realistic goals and a plan for the future, 100% financing can be right for you. Speak with an experienced broker about your situation and they can find what's best for you. |
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