 I need to get rid of my house but do not have time to sell it. what will happen if i abandon it? |
| my fiance and I were in a rush to buy a home beacuse the lease on our apartment was up, and we made the mistake of purchasing a refurbished mobile home and had it moved to a community outside of the ... |
|
 Can you break a lease if a pedafile lives within one mile of your place? |
| I over heard this and need info if it is true. Or who would I talk to about it?... |
|
 Is it better to rent an apartment or buy a home if you are going to relocate after one year? |
| home cost is $280,00, monthly expenses- utilities-$220., maint-$100., property tax-$380., home insurance-$50. 30-year mort-8% interest rate, 20% downpayment and closing costs equal to $1,000. plus 3 ... |
|
 About how much is bulidings and contents insurance? |
| On a 2 bed semi in south yorkshire? Just trying to work out finances on the property i want to buy. Its ÂŁ124950, no garage, nice area.... |
|
 Help With Math Problem? |
A real estate broker sold your house for $72,000. The broker's commission was 6% of the selling price. How much would you get for the house after the commission is paid???
A. $67,680<... |
|
 House in foreclosure * Real estate agent stopped by? |
| Hi, my home is in foreclosure, today this real estate agent showed, saying he works for the bank where I got my loan from, he stated, he was checking if someone is still living here and he will come ... |
|
 Landlord wants ÂŁ300 from deposit to clean flat.? |
She says there are fleas in the sofa and the carpet. This MAY be true, as I have a cat. But ÂŁ300 to clean carpets in a one bedroom flat, plus a three seater sofa?
Do you think this is ... |
|
 I wonder if I will ever be able to purchase my own home. I have crap credit , and a divorce. Is there hope? |
| I would like to purchase my own place someday . I divorced a few years ago, my credit is terrible . I owe some bills and work hard. I feel like I'm doomed to rent til I die. Any help as to where ... |
|
 Bought a first house in 2004, but cannot afford it anymore, what can i do? |
| for sell for the same price or more if the market is going down hill? zif I stop pay the full montly amount, what happen, and how long take to them take the house way? What about my credit? see the ... |
|
 How much do you pay for your rent or mortgage every month? |
| What % of your total income is this and what type of accomodation do you live in ?... |
|
 New rules for an apartment building....PLEASE HELP!? |
| My father and a friend have recently bought an apartment building with 9 units. The people who owned it before had no rules set up, people have no leases. So I am "incharge" of comming up ... |
|
 Where is a good place to move that has low property taxes and has large acres of waterfront property? |
| (10+ acres waterfront) i like boating and jetskiing so if its a lake it needs to be large (lake of the ozarks) and it needs to be waterfront.... |
|
 If you are behind 1 month on rent, can the apt manager come into your house unannounced and size your things? |
| My girlfriend was not home at the time, and the apartment manager came in and took her TV, and when she paid the rent, they promised to bring it back, and now they are saying she ( a 95 pound asian ... |
|
 Who's sick of people dissing people just because we would rather live in a council/housing association? |
| I live in housing association property, i work, i buy nice clothes, my house is nice inside, clean, i have a nice car, but people always put a stamp on you, just because i live in a council house ... |
|
 I was approved for a home loan but need to come up with $30,000 for a down payment any ideas? |
| I DON'T HAVE THE BEST CREDIT AND DON'T KNOW A WHOLE LOT ABOUT REAL ESTATE I'M A FIRST TIME HOMEBUYER. ANY SUGGESTIONS ON HOW TO COME UP WITH THE DOWN PAYMENT. I REALLY WANT THIS HOUSE... |
|
 Best way to argue with a landlord? |
i really want a dog
my parents say no becuase of hair, noise, how no one would take care of him, no space, and a landlord
i thought about this for years, silently searched dogs, and ... |
|
 Would you buy this house? |
| We are thinking about buying this beautiful 1880 Victorian home. We would live in it, not rent it out. We can pay for it outright but it needs some work. It has a new roof but needs a new paint job ... |
|
|  |
sjohnson2294 | How do I refianance my home if the appraisal is lower than the amount I need? |
Additional Details
The appraisal is way low. I found comps at $250 but they only appraised the home at $190. Bank of America has there own appraisers. I need $223,500. It is an investment porperty...any suggestions
|
 |
 
~girlfriday~
|
You can't. You can wait until the housing market rebounds where you are. Good luck. |
|
acermill
|
You can't unless you come up with the cash to make up the shortfall and pay it at the refinance closing. The lender is not going to lend you more money than the property appraises at. |
|
lepr0kan
 |
You can't, you'll only be able to take out what the appraisal says your property is worth and in today's market even that is very difficult, most lenders only want to provide loans for less than 90% of what the property's worth. So no matter what you'd have to pay the difference. |
|
Echelon
|
This is a problem becoming more and more common with the devaluation in the housing market. And for some, there is no answer. If your lender will let you borrow more then the house is worth, you can refiance more then 100% of the house. If your lender will not allow this, or if your credit prevents you from doing so, you will need to pay down the existing loan or bring money to closing. Many people are reverting to selling assets such as boats and second homes to pay down their primary mortgage. It's a bad situation I know, but one more and more people are going to have to deal with in 2008. |
|
Pengy
 |
Basically you cannot, now for the worse news, home values in FL are expected to drop another 20-25% before starting a recovery, plainly stated it is only going to get worse. |
|
Toffy
|
Lenders will only give you up to a percentage of the appraised value.....sometimes you have to pay the points and fees out of pocket if you still want to refi and you are that close to the value. With theMortgage Mess the USA is in now you may have a real problem. |
|
godged
|
Try somewhere else with a different appraiser.
It really doesn't matter what comps you have, the appraiser will use what they find that works.
And if your house doesn't appraise the second time, I'd give it up. If it doesn't appraise for what you need, you cannot refinance it. |
|
kj3044
|
Hello there. I'm a Mortgage Banker. We can help you with this problem. I'm in Chicago, but we're licensed in Florida. My email address is abrock@fcmdirect.com. I look forward to hearing from you. |
|
Scruffy Scirocco
 |
You don't. Welcome to the world of the post-subprime mortgage scams.
Don't bite off more than you can chew. |
|
Jana
|
Save your money, pay the morgage off. You cannot refinance a home were the appraisal is lower. Save. Save and save some more. Hit the principle hard. Every dollor will add up and help the balance decrease. Sell it............ |
|
LandRover
|
The BEST ANSWER>
Talk to a lone officer.. Frankly you’re upside down and not much you can’t do about negative equity. . If you have good payment history no slow pays of any kind or repose, charge offs you can re-fi. Also how did your home depreciate so rapidly? Who did the original appraisal? Is your home one of does “flipped” homes? There lost of corruption in people inflate flipped homes. |
|
tone
|
If you owe more than the appraisal, you can't refi. If you don't owe as much as the appraisal you can.
Otherwise wait for the value to rise. |
|
T
|
You can refinance it, but you will only get what the appraisal amount is. Maybe you can get another appraisal?? |
|
Dog Rescuer
 |
Call your bank and ask them how to get the finance charge lowered in a free re-FI...Some banks and crediit unions offer it...Good luck!!! |
|
piegowdealer
 |
refinance the mortgage, then take out a second.
or drop into the sub-prime fiasco.
try serious debt counselling. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
15 | 21 minutes(s) ago
| | | |
15 | 35 minutes(s) ago
| | | |
15 | 2 hour(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
15 | 6 hour(s) ago
| | | |
5 | 9 hour(s) ago
| | | |
15 | 10 hour(s) ago
| | | |
15 | 2 day(s) ago
| | | |
14 | 5 day(s) ago
| | | |
14 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
