 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 ... |
|
 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 ... |
|
 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 ... |
|
 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 ... |
|
 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 ... |
|
 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........ |
|
 Can you explain to me in layman terms how adjustable mortgage rates work? |
| My sister has an adjustable rate mortgage. Over the past year her mortgage payments have gone up several times. Now her monthly mortgage payment is $2,235 for a 2000 sq ft home in a nice area. No ... |
|
 Will a sold sign go up? |
| We accepted an offer on our house today, we still have to find a house to move to and I was wondering will the estate agents put a Sold sign up of the board?... |
|
 Advice...................... |
| ive been seeing my girl for 5 years, ive got my own house, got approx £130K IN equity, she could sell hers and walk away with £180k, put the 2 together and get a nice place together.................... |
|
 If someone makes $96,000 a year and has a credit score of 700, what kind of home loan can they get? |
| Would it be better to work more on the credit score or have a more significant down payment or what?... |
|
|  |
christina_m_taft | I am trying to buy a home and having trouble getting my contract approved even though my credit is okay? |
It is a mega-find. The seller's were only asking $50,000 and it's perfect. The appraiser didn't know much about what he was doing so he appraised it the same as the purchase price (the last appraisal a few years ago was for over $60,000). Two other reasons we are having problems is that it's rural and some lenders don't do rural and most of the lending companies won't do loans for less than $50,000 and any money we pay down will put the loan beneath the mark. Besides getting a new appraisal, what else can I try? |
 |
 
txrealestateagent
|
Your best bet is to go to a local bank. Local banks are much more likely to loan on smaller amounts (I know, $50,000 is not a small amount) than other lenders. If you go local, they are much more likely to want to work with someone who is moving in. |
|
ontopowrld
 |
Try these guys they can help! |
|
mazziatplay
|
Call kristin mann at firsthorizon. She is rural housing specialist and the loan size is irrelevant. 800-971-4638 |
|
IWasWondering
 |
For a mortgage appraisal, they're only concerned that you aren't paying more than its worth. Most of the time, they just appraise it at the sale price.
As for being rural and less than $50K, those aren't reasons to refuse a loan. You might have to pay more fees or interest, but they'll still make the loan.
I'd make some calls and see exactly what the hold-up is. Several things that come to my mind are:
1) Perhaps your credit isn't as good as you think
2) Perhaps there is a problem with insuring the house - the bank won't write a mortgage if you can't get insurance.
3) Perhaps there are liens (back taxes, overdue utility bills, sewage, etc.) outstanding on this property.
4) Perhaps the current owners decided they really don't want to sell or have had another offer.
Good luck. |
|
Phoenix, Wise Guru
|
Talk to Countrywide. They will take your money. |
|
yonitan
 |
try a personal loan. if you have good credit and potentially a house for collateral, you just might get it. |
|
Amanda H
 |
1) Some banks only ask their appraisers to VALIDATE the selling price-- which is totally lame, if you ask me.
2) You'd have to find a mortgage broker who can find a loan udner $50K or a bank-- not much we can do without that.
3) Your last option is to pay the down payment to the current owner and see if they will "carry" the loan for you. A title company can prepare a 'deed of trust' so its all legal. |
|
Big B
|
Buy a different house. |
|
GAgirl
 |
whoever told you banks dont do rural loans or home loans for under $50k lied. Call Ameris Bank > they do both.
Also it doesnt matter what your house was appraised at as long as you arent trying to borrow more than the appraisal price i.e. $60k.
Good luck and def get away from whom ever is giving you this wrong info |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 14 minutes(s) ago
| | | |
9 | 51 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 4 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 10 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
9 | 5 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
9 | 3 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
