 My rent checked bounced and I am now being held responsible for the landlords fee's from his bank? $470 WORTH |
-THIS IS NOT IN MY LEASE
-I DIDNT SIGN ANYTHING STATING I WOULD PAY THOSE CHARGES
- I ALREADY PAYED THE FEE'S FOR MY CHECK BOUNCING AND OVERDRAFTING HIS ACCOUNT.
-I STAY IN A CONDO... |
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 Low income apartments and housing? |
| My fiance and i want to move in yogether but he makes 7.00 an hour and i make 7.75 an hour and were both in school is there any way we could get a place?... |
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 Noisy Neighbours,what would you do? |
| Hi everyone,i live on my own with my 8 month old baby in a house,ive just had new neighbours move in,they have been there about a month,they can be so noisy,they come in at 3 am banging around,... |
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 Does real estate agencies have services to help me rent my property? |
| I am in the military service, bought a new home and I have to move to another base. I dont want to sell my house and I would like to rent it. But I need more info on real estate agencies if they ... |
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 Any mortgage companies giving loans with a fico score of 550 and 100 percent financing for a house purchase in |
| philly, so far no go-i work in nyc for 12 years for nys and my brother also now wants to go in on the house-he works for nyc board of ed=dont know his score yet-i rent in philly for a year-think its ... |
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 I want to rent my house out. But this wil be the very first time for me to do this. What do I need to know? |
| WHet do I need to know? Where do I get this knowledge. I have no clue but I need to get out of this school district fast.... |
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 How much do we offer on this house? First time home buyers!? |
The home has been on the market 4 days. Neighborhood is quiet & safe. Great location. 4 BR & 1.5 Bath. Finished basement. Everything is wonderful. We love it.
The comps are right around ... |
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 Renter's rights - no air conditioning for last 2 weeks? |
My nephew lives in an apartment (near DFW, Texas) and has been without air conditioning for the last 2 weeks.
We have complained to the apartment manager several times. This morning we ... |
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 What percentage of your net income should go towards a home mortgage? |
| Lets say you have $5000 coming in per month, how much is a safe amount to spend on a mortgage, while still saving some for car payments, other loans, insurance, groceries, emergencies, etc? My dad ... |
|
 Our renter has stopped paying rent and filed for bankruptcy.? |
| She seems to know the system on how to drag out staying in the property as long as possible. We have started the eviction process but when she declared bankruptcy that prolonged her staying in the ... |
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 Does anyone own a house where you have to share a driveway with the adjacent house? |
| I have found the perfect house that has almost all of the features I wanted but I think the home has a shared driveway. What are you experiences and have you had any problems with this type of set ... |
|
 Buying on ebay? |
| i have just won a pair of jeans on ebay but the person i won them of does not have any ratings as a seller or buyer. he has been a member of ebay since 2005. do you think its a bit risky to ... |
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 Tenant won't get the rest of his stuff!? advice? |
Hello,
I just bought a duplex last month. One tenant was the owner, so she moved out. The other tenant's lease was up at the end of June. He asked if he could have until July 6th to ... |
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 Council flat can you advise please? |
| If a couple, husband in a full time job and wife temping been on the housing list for 4 years now, currently renting but cant afford a living ( rent, food, credit...ect) can they be considered for a ... |
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 I am in the process of selling my home who is responible for the home till closing i.e. fire? |
| Me and the buyer are disagreeing with who is responsible. I think I would be and he thinks he would be.... |
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Darth Darwin | I'm selling my house and only getting about $1400 out of the sale...? |
In 2004, I purchased my first home. I was recently divorced, and took a loan that didn't include taxes and insurance. In 2005, I refinanced to include taxes and insurance, and also paid off my car loan. In April 2006, my mother came to me and asked me and my family if we'd be willing to move into her home since she's having a brand new one built. It's a bigger, nicer house and in an excellent part of town with really good schools that my kids go to and love. I put my house up for sale, even though I have a pre-payment penalty...and after it being listed for 5 months...I took an offer and agreed to $6000 less than my asking price, and $5500 towards closing costs...now I'm only getting $1325 out of the sale of the house!!! And now the buyer wants all these repairs done...even though they'll have about $4600 cash from closing! I know this is bad, but part of me just wants to be done with it....this house we'll be moving into will be mine and it has no mortgage....What do you think |
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kingstubborn
|
It sounds like if the buyer wants lots of repairs done and you refuse the deal falls through. That might not be a bad thing. |
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teran_realtor
|
It is VERY easy to allow the sale of your home to be influenced too much by personal feelings. What you really need to do is figure out if you did end up putting the house back on the market, would you net more money in a time frame that makes it worth it? How many more months of mortgage do you want to pay to increase your net by maybe 2 or 3 thousand dollars?..... or possibly end up selling for less!
Lastly, do not think that you're only getting $1,325 of equity after being in the house for three years - you took your equity out already in the re-finance, car paid off, escrow built up, etc.
I just noticed alot of people advising you to rent the house out. Prior to allowing this sale to die, find out what the rental market would support. If you were in San Antonio, with only this much equity, I can be sure that the rent would NOT come close to covering your mortgage. |
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W. E
|
Were the repairs listed in the purchase agreement for you to do? If not, you are not liable for the repairs. Are the repairs "for cosmetic reasons"? Or for living conditions, like heater, roof, etc.
They got 4,600 after the close, so you are done.
Enjoy your new home - Thank of the money you will be saving, since you have no mortgage. |
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whatevit
|
KEEP YOUR HOUSE: Put it up for rent, the buyer had asked for conditions that you only have to say no to. This will stop the deal cold. The rent money for the house should include $200 more per month than your mortgage. This will permit you to make improvements (they will come).
With real estate it is important to not rush when making decisions. |
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Ron B
 |
Do not make concessions on the repairs. If you walk out of this house with 1400 you are in a win situation. You did not lose rent money over the last two years, and got your car loan paid off. But if you walk out paying money you have damaged your current and future financial position. You own this asset and can still leverage it if needed. Tell the buyer the house comes as is. Chances are they are only asking because they think you will pay, and will buy the house anyway. Your realtor needs to negotiate this on your behalf. |
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ogrendle
 |
Let the deal fall through and rent it out until the market and your equity improves. |
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julie4bama
|
A positive way to look at this situation is that you could consider these extra unexpected expenses as the price you are paying for the new house since you say you will have no mortgage on it. |
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Terrible
 |
I faced the same "issue" back in December. Even thought I had nearly 30k in equity in the house, I walked away with 4300. BUT I moved to a better neighborhood, better house, better price...everything. In the long run, it was worth it.
Do what you can afford. If you didn't sell the house "As is" or if the buyer has a HUD/FHA loan, then the repairs will have to be done.
You can either take this sale or hold onto the house until the "buying" market hits around April/May. |
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NONAME
|
Take whatever you can get and be done with it. The market for selling a home isn't very good right now, and you don't want to wait another few months for another offer, which will be lower anyway. (Longer time on market equals lower selling price).
Move, and move on. Sounds like you'll have little to no housing expense at your new home, so right there, that's money in the bank.
Good luck. |
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robert495713
 |
I'm not an attorney, so this is not legal advice but my opinion is this:
If you want "out" of the contract, then don't do the repairs. This might cause the buyer to back out since they don't want to pay for the repairs themselves.
Then you could put the house back on the market, and get a better offer. In the meantime, make sure you keep paying your mortgage since it'll hurt your credit if you stop paying on it. |
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