 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.... |
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 How do i find out the owner to an abandoned house? |
there's an abandoned house that is really interesting.
i went in there one day and
the house was FULL of stuff.
BAGS and bags and bags of clothes shoes books alcohol. etc
u ... |
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 Can a person really sue my grandfather and win??? |
| an ex tenet who was evicted is now sueing my grandfather for un returned security deposit. well that sounds nice but you cant take money from social security or his pention right? please provide your&... |
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 Is it legal for a landlord to allow two separate beauty salons to operate out of the same building? |
| I am the owner of a beauty salon and have been operating out of this same building for the past seven years without any problems. Recently, the landlord rented the storefront next door out as a ... |
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 Where does a single mother with decent, steady income, yet no so perfect credit begin to get a mortgage loan.? |
I have been trying to repair my credit for the past few months so I may purchase a home with no money down. How can I go to a closing with no money down?
Additional Details
I have been ... |
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 Landlords, apt mgrs, please read. move out question.? |
| Lived in the apartment 2 years. Originally had a roommate. He left a couple months ago, just picked up and left one day. I found out I was moving 1400 miles away. It was a very quick decision. I gave ... |
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 Urgent Renting Question? |
| If I have been renting an apartment for 10 years, and next month (July) I am planning on moving around 10th-15th, my landlord still requires us to pay the entire month's rent when we only want ... |
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 What to do if you can't be flexible on the price of your house? |
| My husband and I are putting our house back on the market. The price we have it at breaks us even. We won't make money and we won't lose money. That means we don't have an flexibility ... |
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| How can I stop paying rent without getting evictied until the landlord makes repairs? |
| We have repaired most things for th past 10 years but now we cant afford to do it anymore. and the outside wall of the house is collapsing, I have sent pictures for years and she just tells us to me ... |
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 Do landlords have a right to walk up in your apartment without your knowledge or prior notice? |
I was out yesterday & today, & I come back, & the landlord left a message on my door, saying, "Clean this place up! It stinks."
I had an altercation 2 weeks ago with ... |
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 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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rachie | How to resolve foreclosure? |
Where do I start...
Ok, My boyfriend foreclosed on a house about 2 years ago now after trying to sell it for about 5-6 months. This all spiralled from losing his job when his company shut it's doors. So yeah he tried everything he could to keep it and it would not sell so his only option at that point was walk away. The bank was very understandable and worked with him as best they could through it all and they told him just to move out quietly when it became obvious it was not selling and he was more and more behind.
So he moved out and never heard a thing afterwards, they never took him to court, he never recieved a notice saying he owed anything, nothing. They sold the house shortly after he moved out. He has been renting ever since and he has a very good job now.
Well, now we want to buy a house together so my question is, what should he do now? a lawyer thinks he should file bankruptcy, but its been 2 yrs (he's not in trouble now) I think that would make things worse...
Additional Details
We're not minor's and I don't appricate the comment about skipping payments on a rental. We're both very smart with our money and we know how to budget, we don't go and blow it. There are so many houses available in our area for incredable prices, this is why we are looking to buy now. We plan on Wedding in the next year or 2 but we want to get a house now while prices are good. Oh and we had talked to a mortage broker and when he did our approval he never said a thing about the foreclosure, just that his credit was in the mid range, or will that come up when we get the final actual home loan? |
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Landlord
 |
Bankruptcy isn't going to help anything now, just create problems for years to come.
How badly his credit is effected depends on what the bank reported. Pull his free credit report and then talk to a real (brick and mortar) bank about what kind of loan you qualify for.
Bankruptcy makes no sense at all. |
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Mr. Mortgage
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If your boyfriend is not in financial trouble now, then I would not suggest filing for bankruptcy. Usually people do that to stop a foreclosure. If he had filed bankruptcy before the bank foreclosed on the property, he could have kept his house. After 2 years past the foreclosure some banks will still finance him. I think the best solution is to put the mortgage completely under your name because that will give you a better rate and more options. Then, you can just add him onto the title and you both would have ownership interest in the house without having to use his poor credit. |
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treeof knowledge
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DON'T file bankruptcy. |
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kemperk
 |
things an adviser needs to know--
your credit
how long this guy in your life?
your income
his current income
after that has been analyzed
ways to buy a house that are unconventional;
lease option
build one
trade for one
find more partners with cash and credit
and more
will help further if asked
[my peers who have already answered
gave excellent advice!] |
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Laura
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WHY would a lawyer recommend bankruptcy? Does your boyfriend have a ton of debt? (You're right-- it won't help anything.)
We had a foreclosure about 2 years before we bought a house. I think it's all about money. If you're making enough $$... nobody cares much about your past. We didn't have a problem getting a mortgage, but the interest was pretty high. The more downpayment you have, the easier it'll be to get a loan and on better terms. I'd start saving as much as possible. And, the farther the foreclosure is in the past and the better he's able to get his credit score, the better terms you'll get.
I'd wait about a year-- use this next year to save and gets debts paid off and make your credit look good. Don't open any new accounts. And don't be in a rush. I wish we'd have waited longer. Owning a house isn't worth paying too much in interest rates so that you're always strapped for cash. |
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april
 |
Before you try to buy something else, make sure he knows exactly whats on his record. many people do the mistake of thinking that everything is okay when its really not, and for their luck they're agent doesnt care as long as they buy. Please make sure, everything is good to go and if theres anything he can do to improve his score. Shop around, dont settle with the first option they give you. Many times, lenders only offer a few selected programs because its better for the lender not for the client. Another thig, lenders have changed their programs, some programs are no longer available, and the ones that are available may be hard to get. If you wish to get a program talk to you lender to see what you can do to obtain that program, if its necessary to wait a few months, then wait, better to wait and get a low interest mortgage than something quicker but higher interest. & never buy more house than you really need, even if you qualify for it. Only buy what you need. Dont let your agent convince you. |
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red top
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it could still be on the books he could find out by checking his credit |
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Michael K
 |
Credit follows you around for a lifetime. Declaring bankruptcy is very difficult now and the credit woes will still follow your boyfriend.
Perhaps a better questions is why you are buying a home with a delinquent boyfriend to whom you are not even married. You should continue to rent until you can make a firm stance on your relationship. Then bond yourselves financially. You will get better tax breaks this way anyway.
Now that I think about it, you minors shouldn't even rent! You will probably skip out on those payments too. Shame, shame, shame!!! |
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timssterling
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Im sure an attorney would be better informed than me, but if it was me (based on just what youve said)I think Id go ahead and just buy a home if this isnt ruining his credit, and then once Im in a house IF they sue me Ill declare bankruptcy then since I will have gotten a good interest rate on my home, which is about the best reason for good credit. And if they dont sue you can always declare bankruptcy right? |
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