 Can the bank come after me if I buy a house and then walk away from current house. I'm $70 K upside down.? |
| I make great money and can pay my mortgage but I would be able to upgrade my house and location for about the same I paid for my current house. I know that I would be hit for 7 years but that is ok ... |
|
 Checking credit 4 an apartment? |
what do they look for when they check your credit?
Additional Details
but i mean like where can I find it on my credit, just to save me some embarrasement??... |
|
 If you are married and husband wats to sell house and wife does not? |
My husband wants to sell house, I am on the deed too, if I don't want it to be sold, can it? even if he says he going to put it up for sale, and we are married now??
Additional Details
|
|
 Bank of america home loans? |
| bank of american has a special offer on home loans which includes, $0 application fee, $0 closing fees, and no private mortgage insurance ...has anybody used this deal from bank of american to buy a ... |
|
 Is $12.78 enough to live somewhere that is $1,055 a month? |
So I work a steady job, 40 hours a week. I make about 900 every two weeks. Would I have enough to afford an apartment that cost $1,055 a month?
Additional Details
I dont have any credit, ... |
|
 Single mom tired of renting - NEED HELP? |
I am a single mother of 1, with low income. i have a roommate with good income. But both of us have questionable credit. we pay 1050 for rent now plus all utilitys.
Is it posible for us to buy ... |
|
 I paid for an appraisal to refi. Dont I own the appraisal? |
| The first lender who ordered the appraisal came back with ungodly fees and interest rates. I would like to shop around for a better loan. Now other lenders want an appraisal as well. The appraiser ... |
|
 Landlord controls sprinkler system, I pay water, is this right? |
| My landlord installed a sprinkler system and waters the grass constantly. Water costs more than gas and electric. How do I handle this!?... |
|
 Why hasn't the government jumped in to help people in foreclosure because of predatory lenders? |
| I am in foreclosure in Maine because a lender set me up for a payment I could not legitimately afford, and am losing my family home that I have owned for 20 years, and my grandfather owned for 20 ... |
|
 I bought a mobile home located in a park where i pay lot rent. Is it legal to make me pay for past due rent? |
| The past due rent is from the previous owner. When you anwser, please refer me to the law that supports your anwser. The residence is located in Gautier, Ms/... |
|
 What is it like living in florida? |
Cost of Living
Colleges
Entertainment
Additional Details
Well thnaks everyone jsut about the weather & the cost of living seems 2 be the cons here, but i rather live where ... |
|
| Can I survive on $30,000 a year? |
| I am moving out and getting a roommate in Dallas/ Fort Wort, and i wanted some feedback on this question...... |
|
 Evicting tenants ,changing locks?? |
i have a friend who was in need ,she had no deposit,no bond for a house.i was due to move ,so i rented her mine .i left it fully furnished ,very expensive audio equipment ,tv etc.
i have heard ... |
|
| Why do people in the UK now buy property in Bulgaria? |
| The are a lot countries closer to the UK then Bulgaria. I don't think property is particularly cheap there..only compared to th UK..not compared to the Netherlands, Belgium, Germany, Austria, S... |
|
 A question about the legality of this situation? |
| So my best friend and I have tried to get an apartment together, in the state of Texas. We applied, signed our lease, got our keys. A day later (thankfully we haven't moved in yet!) we get ... |
|
|  |
kiddiej1654 | I'm buying a condo. My closing is tomorrow. Apt isn't in the condition that i want. Do i have to close tmrow? |
I had a walk through last week and a list of fix ups was put together. Closing is tomorrow, but no one is giving me an answer as to what was done. Can I refuse to close, until i inspect my apt and accept it's condition. Thank you very much.
Just in case if you are wondering, my lawyer's response to it was that i have to close (with no further explanations). |
 |
 
Gem
 |
This should have been addressed before your offer to purchase became a Purchase Agreement.
Since, it wasn't done then, you truly can't go back at the final hour and demand anything.
Glad to see your lawyer and real estate agent are doing their jobs.
You may get out of this yes, there is news that almost no closings are going through right now as all the money to lend has gone away. |
|
Expert Realtor
|
Depends...what was written in your contract?
If it wasn't made part of your contract, then yes you have to close, but don't count on the repairs getting made after you close b/c it's not going to happen.
All repair requests need to be presented as an addendum to the contract--that way you have a legal reason not to close if they are not done.
If you didn't do that, then it's a verbal and verbal contracts in real estate are NOT binding. |
|
9 daughters
 |
I just went through that. Was buying a duplex and the seller didn't do the repairs he said he would do. I refused to close. That lit a fire under the seller and the realtors and things got fixed real fast.
A lot depends on whether the things you want were agreed to in writing. If so, you bet you've got the right to refuse to sign. If they're not in writing you could threaten not to close and probably get results, but be careful. |
|
Worldly25
 |
Do another walk thru before the closing. If repairs are not done tell your lawyer you want the price of the condo discounted. You can renegotiate the cost right there at the closing. |
|
Cyphrex
 |
Did you sign anything? If not, ask to see the property again, get a different lawyer, then negotiate things you want/need.
If its already been signed you're pretty much in for the ride of your life.
No lawyer should make you close a deal if nothing has been signed because they know there is negotiation room. In the event that things haven't been signed I would as for price reduction, maintenance options, extras, or to plain just fix the broken things you want to see fixed. Might check out George Ross's Trump-Style Negotiation: Powerful Strategies and Tactics for Mastering Every Deal. |
|
curtisports2
 |
Demand that an amount of money equal to the cost of the needed work be put into escrow. You still go ahead with the closing, because what you're closing on is the deal with the bank as well as with the seller, and in this credit market, you do not want to delay things and give the bank an excuse to change the terms. The seller doesn't see that escrow money until the work is completed to your satisfaction. Any good lawyer would have suggested this to you. |
|
chatsplas
|
You should be doing another walk-through today, usually 24 hours before closing.
Is this new construction?
At closing, have your attorney demand that $X be set aside until the items on your list are remedied to your satisfaction. Usually 1 1/2 to 2 times the expected cost of fixing those items.
TALK to your attorney and ask him your options to ensure the things are done. |
|
richard t
|
get another lawyer............... |
|
Don
|
You do not have to close until you are satisfied with the repairs. Let the realtor and anyone else involved that you do not intend to close until the repairs are complete. They may have to postpone for a day or so. |
|
Jay L
|
you do not have to close, but if you don't you could be in breech of the contract.
Make a list of what needs to be done, and insist that your lawyer have money put in escrow until the problems are fixed. |
|
infinite crisis 247
|
typically, you do a final walkthrough the day of closing. in fact, i would never close without doing so. what contingencies are written in the contract? any fixups, contingencies, etc. should be noted in there, and would give you valid reasons for breach. if it's not in the contract, you might be screwed.
your lawyer sounds like he/she sucks. i personally would ask for an extention on the closing before i signed anything. even if you got hit for breach and lost your earnest money, it might be better than getting into a lemon. never ever sign anything that you don't agree/understand. talk to another lawyer right now. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 5 minutes(s) ago
| | | |
11 | 8 minutes(s) ago
| | | |
11 | 23 minutes(s) ago
| | | |
11 | 29 minutes(s) ago
| | | |
11 | 54 minutes(s) ago
| | | |
10 | 1 hour(s) ago
| | | |
11 | 6 hour(s) ago
| | | |
11 | 10 hour(s) ago
| | | |
11 | 1 day(s) ago
| | | |
11 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
