 Anyone with real estate knowledge that could answer this? |
| My mother is retired living off of social security and VA disability. She currently pays $699 for rent but she wants to buy a house. She can't go VA (used it before). She makes 1800 a month. ... |
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 Can you evict someone because of unsanitary habits? |
| I own an apartment building in Maine and some tenants are complaining of the oder coming from another tenants apartment. Can I evict them because of the oder? They won't let me in to inspect the ... |
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 When the real estate market goes down, will people lose money? |
I live in southern California, for the past few years home prices have skyrocketed.
Recently I noticed houses are selling slower and the prices are going down.
Does this mean ... |
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 What are renters rights? |
| After giving my landlord a letter to make repairs he had ignored, he in return got mad and came over with a new lease with a higher amount of rent to pay and making us responsible for all the repairs ... |
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 Problem Landlord, please help? |
| I have recently moved out of my rented flat. The landlord has advised me that I own him one months rent. I have disputed this and am waiting for my bank statements to confirm this (I am unwilling to ... |
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 Is it necessary for a first time buyer to hire a real estate broker? |
| I already have access to MLS- do i really need a broker? Granted, there is a lot of confusing paperwork but cant i have a real estate friend to look it over for me. And doesnt it seem like a selling ... |
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 How to find a loan shark? |
| I need $5000.00 and have tried conventional methods. I am in serious need of help.... |
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 Can a landlord keep a security deposit if you decide to NOT move into the apartment? |
| If you were to pay a landlord a deposit with the intention of moving into an apartment, but then back out, and the landlord then rents out the apartment to someone else, can the landlord legally keep ... |
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 I don't understand lease with purchase option. Can someone explain this to me? |
| We have received a Lease with Purchase Option contract from the lady next door for her house. I'm not understanding what several things on it mean. HELP!!!. If anyone with info on these can ... |
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 Has anyone had their house foreclose due to the current housing market? |
| I bought my home two years ago, when the market was hot. I was in a two year fixed loan. However, the market fell and now the value of my home is upside down and I can't refinance. It went up ... |
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 If the media would back off, do you think the real estate market might rebound? |
Additional Details
I know they didnt create the slump, but they seem to focus only on the negative and frighten people from buying, like telling them that the prices are going to keep ... |
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 How much would it cost to buy America? |
| I want to buy America, the country. How much would it cost and who do i make the payment payable to?... |
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 I've heard that asking for last months rent when moving into a new home is illegal. Is that true? |
| I've noticed that a lot more landlords are not charging last month's rent and I am wondering if it is due to the legality issues. Thanks much for your response.... |
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 Home Sellers: When listing your home, did an open house help? |
| I know every market is different, but did you really get more offers after an open house?... |
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 Tip to sell a house? |
| selling a house any tips?... |
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 What do you tell the rental office if you can only pay half the rent for now? |
| Until my next paycheck, I can only pay about half of the rent. What do you think I should tell them and what will they do?... |
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i_am_ceno | How to buy this house? |
Okay my Grandmother has a very nice house, I grew up in the house, now she is 85 years old and wants me to buy the house so she can pay off her debt and everything before something happens to her, Id love to buy the house. She is willing to give me the house to get a mortage on and pay her what she wants for the house, but so far what I find is payments of like 2,000-6,000 a month and I can not afford that by myself...anyone know a good way to go about this in a affordable way?
Additional Details
The house was appraised for $89,000 its isnt that expensive and yes i am paying her rent and i dont even live with her. I dont want her to just give me the house...I have worked for everything in my life im just wondering if there is a more affordable way than to pay monthly notes of that price |
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Apple Jacks
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ask your boss for a raise |
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Wow, it must be one large house. Why doesn't she just leave it to you in her will? You can live with her now and pay her rent to pay her bills off. |
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Jennifer
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http://memurl.com/furetu |
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Hokie_Pokey
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Daggone. That must be an awesome house.
The only why it could be more affordable is if your grandmother lowered the price. Also, be ware that with the housing situation being in a poor state, houses are not worth what they used to be. A bank will only loan you what the house appraises for... |
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plan_ner
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Something is not adding up? The house was appraised at $89,000, but payments are 2,000-6,000??? At current rates a $90,000 loan should be way less than 1,000/month.
Are you missing a zero in the appraisal?
I suggest the following. If you and your grandmother have trust in each other, than go to the local office supply store and get a quit claim deed or a statutory warranty deed form and fill it out, following the instructions. Record the document at the county assessors office. At that moment the house is officially yours.
Go online or to a bank and get quotes on a home equity loan. You will most likely get 80% max on the value of the house. Use that money to pay your grandmother and the rest you will need to work out personally. Promissory note, personal real estate contract, are just two examples that should work for you. |
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Ricardo
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the right way |
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Jersey Girl RE Investor
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There is a couple of ways to do it but I need more information. Such has, how much does she need to pay off her debt? Is that what equals your monthly payment of 2-6K? If not, you can do some creative financing. Perhaps she can hold back a note for whatever is left. |
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sanbox69
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why not "rent" it from her until you can you pay for it outright - pay your grandmother the rent |
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Ross
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2,000-6,000 a month that is quite a range. Either you qualify or not, the banks will make the call. Sounds like you already know the answer.
Add: an $89,000 would have a payment much less than what you stated. |
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C
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no |
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