 Is my landlord legally obligated to reimburse money I paid out for pest control? |
| The landlady is a big animal lover and insisted that we use harm free traps. We tried this and it wasn't working so had a free survey carried out which confirmed there was an infestation and ... |
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 First time condo buyer...better to get 5 year arm or 20 year mortgage? |
| Buying first condo...broker said it's better to get 5 year arm with nothing down, than 20-30 year mortage with $15,000 down. This, on a $170,000 condo. Is he right?... |
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 Waiving an inspection and appraisel speed up the closing process? |
| If you waive inspections and appraisels will the it spped up the closing process for homes?... |
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 Can i sue a slum landlord. for $900,000? |
| My landlord is a slum lord she do not take care of the apartment . in 2006 i call the housing inspector he fail the apartment.the landlord still fail to fix it. the next week the ceiling caving on ... |
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 Can I be at home while my Realtor hosts an open house? |
| I am worried about people stealing my things or casing my house to come back later and break in, and I don't want my neighbors going through my home for no reason. I also have light colored ... |
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 Summons to court for debts I did not make!? |
Has any of you good folks had a similar experience?
I was awakened today by the doorbell ringing, when I went down I saw a car driving away and a pile of papers attached to my front door. When I... |
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 I just moved into my rental house and on the 2nd night I saw a roach!!!Can I break my lease? |
| They have arranged for pest control but I don't know if I want to live in house that has had problems and possible continuing problems with roaches.... |
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 Its first time Im going to be showing potential buyer some homes, What should I do to prepare? |
Additional Details
I realize that I am selling a home and what not, I should have clarified. Like what should I put in the Buyers packet, should i get the guy under contract, what ... |
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 How do I remove one person from a mortgage, and add another? |
| My boyfriend and I are getting married in a year. He and his brother own a house. His brother wants to move, and we want to stay. How do I get the brother off the house and pay him his share of ... |
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 Called the landlord but still I have no heat, what can I do? |
| Let me start out by saying I live in the state of Missouri, I know laws can vary state by state. Also I'm in no way wanting to screw my landlord over, I just want to do whats fair and have him ... |
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 Never Signed a Lease ! Never Moved In !? |
| New Hampshire RE Rental question? I placed a $200 deposit for an apartment. The landlord and I could not find time to meet to sign the lease. He dropped the keys and lease at my current apartment. I ... |
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 Looking for grants for first time homebuyers? |
| I am looking at grants to help me purchase my first house and was wondering if anyone has herd of this site FreeGrantSearch.com? I go to it and they say that x amount of dollars is available in my ... |
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 Is it legal for a landlord to demand to be added to your contents insurance policy as an interested party? |
| My landlord is telling me that she needs to be added to me & my wife's contents insurance policy as an "interested party". I have serious doubts over this as I don't know if ... |
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 Should I get an FHA loan? |
| My credit score is about a 690. I can afford about a 10% down payment. My question is, should I get the FHA loan, or should I go with a coventional loan? Either way, I would like to do a 30 year ... |
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 What exactly is Payoff balance for a mortgage? |
| Specifically i would like to know why it is different than the principle balance, i can only expect it will be higher than the principle balance? But generally speaking how much higher? I know i ... |
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Buckwheat | How have lending institutions become such a corrupt and greedy business in recent years? |
For the most part, they do not do business ethically, nor on any terms which aren't designed to screw the consumer. This is one big reason the housing market is upside down these days. Should laws be made to regulate this problem?
Additional Details
My theory is that the brokerage market became more competitive in recent times as more and more people pursued that career. I also believe the new bankruptcy laws made banks more flexible, knowing they had more of an advantage if the consumer defaulted. |
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Patty
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I think that it started with the investors and their guidelines. The people forget that 10 years ago, they needed a down payment, needed to prove their income, had to have money in the bank. When the investors 'created' this sub-prime catastrophe how else were the banks supposed to keep up? I mean it's crazy to think that you could have gotten a stated income, stated asset loan with 100% financing, etc. I think it's a good thing that the market is correcting itself because now we're getting back to where we should be. The key here is that the consumer needs to have realistic expectations of the industry and stop blaming everyone for their foreclosure woes. You don't just sign a heap of documents without fully understanding the terms. If you know you can't afford it, or are counting on a raise to 'get you through it' you are dead wrong! There are corrupt people in every industry - and we (as loan officers) are in the spotlight because of the industry attention. I can assure you - those who sign on the dotted line weather it was a good decision or not, was an entirely conscious decision. Here is the fix: Don't bite off more than you can chew! If you can't afford it, you can't afford it!!! Pay off those bills, and free up your money so you can afford it. Keep a consistent work history. If your credit is bad, it only takes the decision to commit to fixing it. That's the hardest part, is deciding to change your spending habits. If you can't do that, then you shouldn't buy. Period. You can bring laws into it and punish the loan officer, and the broker. Thats not going to help. The Investors are the ones who set the standards and made the approvals. So if you going to bring 'law' into it, regulate THEM. Loan Officers and Brokers have NO bearing whatsoever on this. Now, like I said earlier, there's corrupt people everywhere. Most Loan Officers that are still doing business today and have made it this far in the business with what is going on must be pretty good at it - a loan shark can't make it in these times. There's no room for error and every loan is scrutinized X10. |
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goheels08
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There are strict disclosure laws that require that lenders disclose everything the buyers including explaining ARMs and payments, etc. Buyers are aware of these things when they sign their paperwork at closing. At that point they are so excited to be getting a new home that they don't even consider the consequences of their loan. I'm not saying the lenders are not at fault, but the buyers need to take some of the blame as well. |
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worldstiti
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that is so true, but its because they can get away with it legally - that is what all those fine print disclosure statements say - we can screw you.
There are more lawyers on their side than ours. and there are lobbyists securing our gov't to back them.
Just keep a bag of chocolate kisses and a jar of petroleum jelly close by. |
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Ask M
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because no one regulates them |
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Tino
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Where there is a way to make money people are going to take advantage of it. PERIOD. Money talks that is the way it is. |
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daeve930
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There are many lenders that deal in shady practices, but there are many more that do not. I work for one of the "BIG" banks and although there are individuals in every company that are lousy, on the whole this company treats its customers in an ethical and conscientious manner.
As consumers, we've taken on a victim mentality. We don't know what we're signing, but we put our names on the dotted line. When things don't turn out as we expect, we have to blame somebody: "I would never have done that had I known." It's your business to understand the terms of any contract you sign. It's your money, and you're the one who'll get screwed if you don't know what you're doing.
Some lenders have been very happy to take advantage of consumer stupidity, but anyone who signs a loan document he doesn't understand is looking for trouble. There are some loan options that don't suit every consumers' needs, but that doesn't mean the consumer won't want it. Last summer interest only loans were really hot. Sure the payments were lower, but after the interest only period, you still owe the entire principal. Is your income going to be a lot more in 3 or 5 years? No? This isn't the loan for you.
Today's bad idea is the "pick a payment" loan. You get 3 or 4 different amounts you can pay each month. One covers the entire principal and interest, one for only the interest, one for somewhere inbetween those and maybe one for less than the interest. Wow...I'm a little tight this month, so I'll just pay the lowest amount. What happens to the part you didn't pay? It goes back into the principal. People are going to end up owing more than they borrowed. If you do it one time, ok, but if you consistently make the minimum payment you never get it paid off!
As for regulations, we are regulated out the wazoo. There's so much regulation, nobody even understands it. There are companies that exist just to keep us updated on the regulations. Every state is different, and each state regulates against predatory lending practices. They don't all agree what constitutes predatory lending, but they all regulate it.
This lecture is almost over. Sorry about that...yes, there are lenders who are shady, but the consumer has to take responsibility for his actions too. Who is going to take care of you if you don't take care of yourself? Nobody. |
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foreclosures101
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not just the Lending, but Cars, Banks, just about everything in this world are greedy..Its all about corporate profits nothing else matters |
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siswanto hutabarat
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koran |
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MIND THE GAP
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Did you not read and understand the loan documents you signed? A lender says I will loan you money if you agree to these terms. If you do not agree, don't sign for the loan application.
NEVER SIGN ANYTHING YOU DO NOT UNDERSTAND. |
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