 The Real Tenants From Hell!? |
Gorgeous George & his Four grown Sons.
1.) George, owned and operated a small engine repair shop from my rental home and used the hall tub as a parts cleaning vat.
2.) His son F... |
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 I am looking at a house for sale and the Realtor says we can "get creative" with the mortgage-how is that? |
Additional Details
Yes, it was listed at 400,000 two years ago and has set empty ever since then. I think it is worth half that at best. I am wondering if the owner took out a second ... |
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 Will we be forced to move??!? |
| We currently rent the 1'st. fl. of a 2-family home in NJ. The son of the owner of the house who also resides upstairs bought the house from his mother last summer. Since then he has been making ... |
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 Home loan with a credit score of 597? |
| What are the chances of getting approved for a loan to buy a house with a credit score of 597? just curious, thanks.... |
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 I thought most people changed the locks? |
| Whenever I move into a rented property I always change the locks - and give the landlord a key. This has never caused a problem. I do not know who has lived in the property before and who they have ... |
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 House size and area? |
| If you had a choice... would you buy a big house in a crap area, or a teeny house in a good area? We got schools to consider too...... |
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 I have an adjust. mortgage at 3.875 which is scheduled to go to 5.875 in Sept. Should I get a fixed rate now? |
| I'm wondering if I should ride out the next year at 5.875 and gamble that rates will come down the next time my mortgage adjusts in another year. Just wondering what you think rates will go to?... |
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 Why does my lender want to see my entire bank statement for the last 2 months? |
| Is it not enough to just show the cover page of the statement that shows the opening amount and the closing balance? Why would they ask for the entire statement the shows all transactions in the ... |
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| Should I refinance my 7/1 ARM 2 years early? |
| I have great credit and 40% equity in my home. I took out a 7/1 ARM 5 years ago and have 2 years left. I got a good faith estimate from a couple lenders and found I can refinance and my current ... |
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 Which renters should I choose? |
| Here are the situations. I have a 2 br and 2 bath condo apt. I won't be moving in right away and will sublet it for 6 month or longer or shorter depending on my current situation which I would ... |
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 How many skipped mortgage payments before the bank can begin foreclosure? |
| Lost job in the begining of May. Paid May mortgage payment, but only a fraction of June's. It is now July 21. Can the bank foreclose already? I just sent $600 but still owe $1,000 of June's ... |
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| Can my landlord refuse to let me take in a flatmate? |
| I'm thinking of taking in a flatmate or lodger to help me pay the rent. I will have to ask my landlord for permission. Do they really have the right to refuse? I have a 3 bedroom house and its ... |
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 I'm Buying my first home and I have a question about.....?? |
| Our closing date is set for the end of June this year, but I want to know if typically the owners of the house will let you do any work prior to closing. They have already moved out, and we want to ... |
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REDRAVEN4 | How do I get out of this home before I lose it and buy cheaper one? |
I just did a so called mortgage modification and payment went up from $2400 to $3100. We were already having trouble, how can we pay more. Can we get out before foreclosure and find someting else? What options are availalble. There are many homes in our neighborhood for sale . Don't think we can sell in time, and my FICO score keeps taking a hit .We live in Tennessee. house worth $290,000, some homes around us priced less. My income higher than spouse. Spouse filed chapter 7 in June. Spouse not on this mortgage was in chapter 13 when home purchased one year ago. |
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Buckwheat
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You should have read your paperwork when you purchased. Thats why 30 yr fixed is the way to go. Good luck; I doubt that there is much you can do with the market as bad as it is now and only getting worse as more people in your situation are hitting their new payments. You may find a bank to help, but be careful, as with your previous experience it should show you that banks/ brokers in this country are pretty much out to screw people in the same manner as used car salesmen these days. I would stay away from any business on the internet especially. |
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Michel C
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You basically have two options. Not to sound harsh, but sell it and get out with as little damage as possible, or try to work out a situation with the lender. More bad news is that there are many houses around you worth less, your house may not be worth $290.000 depending on sq ftg and age and if they are within less than a mile from your house.
Call a mtg pro in your area quick for options... alot of times they have investors etc... and can help. |
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Investor Specialist
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You might contact a real estate investor with experience negotiating "short sales". That would allow the real estate investor to purchase the house for less than what is owed and save you from a foreclosure. |
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Dr. Deth
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How are you going to be able to buy another house with a recent bankruptcy on your record?? - If you don't include spouses credit record you can't include their income to qualify - sounds like you are one of the subprime people |
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Ask M
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how much do you need to sell it to be debt free and even?
200K? The less you take the faster it will sell.
Then rent for a year and save everything you can
(you'll be debt free) and then purchase something
else |
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Vick Masterson
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My advice would be to contact a Realtor in your local area. They would be able to answer your questions regarding your homes approximate sales price as well as approximate time on the market. You need professional advice IMMEDIATELY. A Realtor will be able to give you more information so you can make an informed decision. |
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saberhilt
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Couple of things.
Go back the the lender and tell them that you can't afford this higher payment. They don't want you to foreclose either, so you may get some help there.
Try to Refinance.
Open a Home Equity Line of Credit (HELOC) and the mortgage difference out of there to keep your head above water until you can sell the home.
Ask the bank to reduce your loan ammount. While this is infrequently done, it can allow you to reduce the amount of money owed on a loan. There are tax ramifications to this.
You might try a 1039 Real Estate Exchange to "swap" properties.
Can you change your IRA into a Self Directed IRA and use your IRA to keep yourself afloat.
When you Re-fi, make sure you get a fixed, okay? =) |
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houseguru1
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Why are you stressing.Go rent and save up.Houses will be selling for dirt cheap next summer.Buy using a co signer and put all that money you saved as downpayment.Buying now will be like changing trains going in the same direction. as the house market will continue to go down. .good luck. |
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thehomesolutioncenter
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Yes.....there is help out there. Too lengthy to answer at this forum. Call me. I may be able to help you or direct you to someone who can. 520-245-6607 Kathi |
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