 Can you sell your house for less money than it's worth, and how much less? |
Here's the scenerio:
My husband and my mother bought a house for $183,000. The house is valued at $200,000 today. When they purchased the house, it was only put in my mother's name, ... |
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 Can't afford my investment properties? |
| Have three investment properties that I can no longer afford. I invested in real estate over the last three years and I can no longer afford my houses. I am disabled and now am on a fixed income. I ... |
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 How do you overcome first-time buyer's fear? |
| My husband and I are getting ready to make an offer on our first house. We were very lucky: we only had to tour half a dozen or so before we chanced upon one that is a perfect fit. I know this is ... |
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 I pay rent to the lady upstairs from me who is suppost to be the landlord but i dont think she is. read below? |
| ok well i moved in 1 year ago and everything was going fine the "landlord" lives upstairs alone but heres the thing. We asked her if we could have a dog she was like i have to ask my ... |
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 We have no choice but to foreclose on our home. What will we still be responsible for if we walk away? |
| We purchased our home for 420K over a year ago. Planned to refinance and lock into a better loan. Unfortunately, when we went to refinance the value of our home went down conciderably. Worth only 300K... |
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| When People Signed Sub-Prime Mortgages Did They Look at How Much Their Payments Would Like Be After Resetting? |
I would hope that people paid attention to how high their payments were likely to be after the first reset.
And, more importantly, I hope people looked at how high their payments might end ... |
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 How can so many people afford expensive homes and nice toys?? |
| And I'm not talking about million dollar homes on the ocean either. From coast to coast, towns large and small. there is always the neighborhood in every single one of them where people own $250... |
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 My landlord has a repossession order on his flat and we are sitting tenants what can we do? |
Additional Details
we have paid the rent regular each month and now the landlord has had a court letter saying the mortgage agency are repossessing the flat next month and he has to ... |
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 Mortgage scam/Bank fraud? |
The daughter of a dear friend of mine has gotten herself in some pretty deep trouble and claims innocence. See link.
Is it possible that anyone involved in this may not have known what was going ... |
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 Is it possible to move out of my apartment without penalties? |
| My roomate and I moved in at the end of July but we still have not signed the lease the landlord gave us. I still have both copies we were supposed to sign and I've seen the landlord plenty of ... |
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 Advice, comments about our FHA loan? |
| make a long story short. My wife and paid off all of our debts. we went to a mortgage company to get a loan, the lady took our info and called us the next day saying how much we were approved for and ... |
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 HELP!! Tenants are absolutely insane - called the police? ? |
Hi everyone,
I posted a while ago about how my parents have insane tenants. Recently we had a family emergency that my parents had to tend to the past few weeks. Last week we got a letter ... |
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 Do you hate viewing apartments that people are living in before renting? |
| ...like when going to see a place that is coming on the market in a few months and the place is still fully lived in? Do you hate being a tenant in that situation as well........ |
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Amanda A | How old where you when you bought your first house? |
I'm considering buying a house, but I'm kinda afraid of being stuck in one place for too long. My parents think that I should and they say even if I move out I can rent it out.... but then I still need to deal with bad tenants... and I dont know if I could handle the stress. So do tell, how old you were :).
Thanks! |
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curious
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I was 32, but I've been on my own since I was 19. If I would have bought a house instead of paying rent all those years, I would be close to owning my house now. I felt the same way you do...I wasn't sure were I wanted to live, and the thought of committment was really scary. But be wiser than me. If you ever decide you want to move, you can sell. Buying a home is a great investment. RENTING is a big waste!!!! |
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Amanda H
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I wouldn't reccomend buying your first house knowing you'll want to rent it later. Renting is a HUGE obligation and unless you have a substantial savings, dont rent out your house-- can you cover a broken water heater and a new roof at the same time? Probably not. Considering you'lre probably buying the home 0 down, it may be hard to rent for more than your mortgage.
I bought my first house at 20. There were times that was amzing and i was very proud but also times when i wished i had less responsibility and debt.
I would not reccmend moving from your parents directly to a house-- Rent for 6-12 months first.
There are substantial costs in buying AND selling (closing costs are like 3-5% when you buy and 10% or so when you sell)... so only buy if you think you can commit to a 2-5 year time frame. If you're thinking a year or two, just rent.
Definitely give it thought and dowhat you think is right for you. |
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Waqar
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18, 40 ish now and I still have it... |
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skirt_14
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I wanted to be free, like you I knew in some way it would tie me down to a place i was not sure I wanted to end up at. I got my first house at 25. I also bought well within my means. A little cabin in Lake Arrowhead. I lived there for a few years but the house is not being used right now. I still do not feel burdened by it. Since it is a little rural house I pay a minimal mortgage on it and rent a big house that is suitable for Myself, my fiance and my two wards. |
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KathyS
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Handling stress has nothing to do with age. Regardless of that...I was 27. |
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♥ Mary ♥
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I was 33. But it is worth it! I would NEVER rent again. No more telling me what I can do with painting and flooring and who I can have over and for how long. Trust me, you'll love owning. |
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Doz
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23. I lived in an apartment for 4 years. Saved as much money as I could and put it towrd a down payment of a house. We live in the same house now.
One thing to keep in mind is if your young/single, if you buy a home that say has one bedroom/bath, what happens if your future spouse moves in your place. However, you can sell then and buy bigger.
Also the more you spend on rent the more you just throw away and dont have anything to show for it. Buying is better but only if your committed to a mortgage for 30 years!
There shouldnt be any stress as far as bills because you need to budget. Dont buy too high priced of a house if you cant afford it. |
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reenzz
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28..and glad I did. Got the house for 125,000.00...now (17 years later) it's worth over 500.000.00...good investment if you can afford it. Yeah..lots of stress, but worth it in the long run. |
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bonsai
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I leasing my place where I live. In today's world, to have a carrier, you have to be flexible. Save you money. Super rich lease. |
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