 On a short-sale, can a bank make a counter-offer higher than the listing price? |
Two months ago, we put in an offer on a house. Details (using made-up numbers):
Last sale price: $300,000
Listing price: $200,000
Our offer: $210,000 (there were other offers)
... |
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 How can a landlord take your rent money and not pay off the 8 liens on the property he hasn't paid one dime.? |
| and never payoff the 8 liens he has against the property and the lawyers are getting ready to foreclose on the property.He hasn't contacted anyone about these 8 liens that he does not plan on ... |
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 Do you have to be married to buy a house together? |
| My boyfriend and I have been thinking of renting a house together, then we thought it would be a better idea to spend 600.00 a month on a house payment rather than throwing it away on rent. Can he ... |
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 Country Wide/ Bank of America? |
| We have our home loan through Country Wide and just found out that they selling out to Bank of America. I am just wondering what this means to us. Can Bank of America change our contract and ... |
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 Can A Landlord Force Me To Sign An Addendum To My Lease? |
| I signed an apartment rental lease 2 years ago and it stated I would be responsible for all utilities EXCEPT the water and garbage. There are not any submeters for water for the four units here. He ... |
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 If I move in, what is the security deposit for? |
| If I pay the security deposit and the first month rent does that mean the landlord get to keep the security for free? Is it refundable? Is it for the rent if I paid late? I'm planning to move ... |
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 How can i get out of a rental contract? |
| My rental contract does not end until another 9 mths. I am in a process of buying a house right now. Is there anyway I can get out early of the leasing contract, since I am buying a house?... |
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 Why do real estate agents get a bad rap for being conniving cunning and liers? |
| I have a hard time understanding where the agent's interest is when they will essentially make more based on how much you buy. Are they looking for a house for you or for their pocket. Also do ... |
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 Neighbors recently sold a house by owner? |
| A couple with 2 kids just recently sold their house by owner and did not go through a real estate broker. They keep coming back to that house every now and then. What's going on? Why they keep ... |
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 My husband and I are closing on our 1st home at the end of the month. Need a little help? |
| When should I begin to transfer services such as phone, cable, security system, lights, gas, water, etc? We close on a Tuesday, and I know we will move our big items that weekend, but when should I ... |
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 Disclose or not to disclose....that IS my question!? |
| I had a condo built in a brand new complex about 3 years ago. From day 1 I began to have plumbing problems at the frequency of once every 3 to 4 months on average. Last year, after much documented ... |
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 The tenant renting my house has bad intentions, what can I do? |
| I have rented my FL townhouse for 3 years and I never had a problem, the previous tenant moved to TX for a job promotion. The new tenant has been in the house for one month, she brought fleas to the ... |
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 What is the best area to live in Las Vegas? |
| My best friend and I are looking to move to Las Vegas and what to know what the best area is to rent an apt in. I currently live in Chicago and after looking in Las Vegas everything is about a third ... |
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 My landlady's real estate agent has an extra key to the place I'm renting? |
| I just moved in to a great place. My land lady told me today that her real estate agent has just forgotten to give her back an extra key to the place I'm staying in. I'm hoping the key ... |
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 How much room rent should my brother pay? |
| He has his own room, full use of the kitchen, family room, laundry area and a backyard for his dog. He is paid a minimum wage salary? We live in California.... |
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 Is it illegal for my land lord to share what I pay in rent with the other tenants? |
| We have unmarked parking spaces where I live, my downstairs neighbor is home more so generally parks in a certain spot. I had the opportunity to park in this spot so I did because parking is very ... |
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Thebronx | How do i get a house with $10,000.? |
My credit score is about 520. I owe $5,000 total in credit. Is there anyway i qualify to get a house in or out of ny without having to pay off the 5,000 on my credit report. |
 |
 
mrdankeschoen
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It is great you are starting the search for a home and financing early. The best thing working for you right now is time. Since you are not pressured to by a home in the next 60 days there are many options to help you obtain your dream of homeownership.
1. I see you have checked your credit already. This is a great start. You can find financing with where your score currently is, but there will be many restrictions. You will likley need more money for a down payment
2. Improve your score - Everyone’s situation is different. Some things you can do to improve your score are:
- Pay your bills on time
- Get credit balances below 75%, 50%, 35% of available credit
- Do not open any new accounts or apply for additional credit
- Do not close any accounts
- Dispute errors on your report
For more information on credit go to Fair Isaac's site (they created the credit score) www.myFICO.com
There are companies that can assist you in improving your score. Please note everything they do, you can do for free on your own.
3. Consult with a loan officer to see what programs you qualify for now and what you need to qualify for better programs.
4. If you get your score into the low 600s you may be eligible for First Time Home Buyer (FTHB) Progarms sponsored by your city, county and state. There are income and credit requirements.
~Danke Schoen
Feel free to contact me with any other questions or a second opinion.
Nathan
MrDankeSchoen@yahoo.com
888-602-4622 ext 12
925-250-6067
www.equifax.com
www.experian.com
www.transunion.com |
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bigjohn B
 |
Maybe a doll house or dog house, it is sad for young folk. Sadly many turn to mobile homes which are ok but detiorate rather quickly and also depreciate. Regular homes tend to appreciate over time and they become part of your wealth. Mobile homes provide shelter but they lose money like automobiles. |
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Price is what you pay for value.
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Good time to buy?
In most area of the U.S., housing price stopped going up as inventory continues to build up. It is normal to see a correction as a boom that lasted for several years.
If you are investing new money in to real estate, this may not be a good time as the potential return on investment is small compare to the high risk of lower home price.
If you are doing a side way move, meaning you are selling one to buy another one, then it is acceptable.
Nothing is absolute, but housing market is very likely undergoing a correction and this is only the beginning. Some say this would be a soft landing (0 to 10%). Some say a big crashing is coming (10 to 20%).
http://money.cnn.com/2006/08/24/news/economy/newhomes/index.htm
http://money.cnn.com/2006/08/23/news/economy/homesales/index.htm |
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The Captain
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Yeh, but you should, it would end up paying less in the long run... higher score = lower interest rate. |
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Sir Greggath
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There are many available programs for people in almost any situation. You can buy a house with no money down, but its easier if you can put down the $10,000.
Having debt, actually shows that you have credit. If you have a full time job and can show that you can afford mortgage payments, then you should easily be able to buy a house. Try e-loan or lendingtree.com and fill out an application. |
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Matt J
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You can get a house but you need to put 10% down. So in your case you are looking around 100k.
www.diversifiedlender.com |
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chelley
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go see a mortgage lender and see what the best way to approach this. you may get a better interest rate if your debt to income ratio is lower, however, you may need the 10,000 to cover closing costs and a down payment so check into it with the bank. plus they will be able to tell you what you are approved for and what your next steps are. always start with the bank so you know what price range you need to look for, what your payments will be, etc. |
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ma_2st
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shucks i dont know |
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aquaris01975
 |
you could get one on contract..it is hard to find people to sell on contract howeve.. best thing to do is clean up your credit |
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lspalletta
 |
If you have $10,000.00 that is a good down payment you would not even need to use that much depending on the price range on the house is that you are looking to buy your best bet is to talk to a mortgage person and get a qualification b4 you go to a Realtor because they will need to have you prequalified b4 they can find you a home because they need to know what price range you can afford b4 they start looking for you.
If ya need anything else let me know
Lori |
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