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 Help i currently am lock into a 30 year moragage at 10%? the loan is on a mobile home through green tree?
the orginal amount fin. was 38,000 it is for a mobile home my wife signed the contract before we met. our monthly payments are only 325 but at 10% we pay over 3,000 a year in interest alone and only ...


 Hello: My wife has a property management company. When she recommends workers to the landlord for repairs?
should she get a percentage for that. Should she communicate with the landlord about this mater. In other words is it ethical? Could it be a conflict of interest here with the landlord. P. S. I am ...


 Should I evict this tenent?
I have a fairly new tenent in one of my properies, and I allow dogs under 35 pounds in the house as long as it is not a pit/rott/pinscher because my insurance doesn't cover them. He signed the ...


 I want to buy a house and rent it out. What things should I watch out for?
...


 Is it a good time to buy a house?
hi,
im 24 and coming close to buying my first house. i live in Andover, mn about 25 miles north of Minneapolis. Im lookin at buying a foreclosed house as a fixer upper. I probably wont live ...


 I have an adjustable rate mortgage. Stupid I know. If the time comes to reset how big of a change should I ex?
pect on my interest rate. Currently it's 9.14%. Current balance: $75,000. In March I will have had the loan for 3 years....


 Please help! tell me what you think about this crazy idea!?
Your Question
Is this an absolute insane idea? what do you think?
Okay, so my mom has just gotten out of a divorce and doesnt have great credit, her house is in recievership and if it ...


 I need advice??
what are the best steps i should take??? i want to purchase property, fix it up, then sell or rent it out.....


 What are your pros and cons on a one-story house and a 2-story house?
I am in the process of buying a home and I am confused between 2 houses. One is a single level and the other a 2 level. They are both very nice. My sister tells me that the single level because I ...


 Is the tenant or the landlord responsible for robbery damage to a rental home?

Additional Details
(This pertains to the state of California.)...


 Is a written agreement that two individuals have signed, notarized & filed at a courthouse a legal document?
this is in regards to a 50/50 ownership in a ...


 What to do with an Adjustable Rate Mortgage?
What can I do with my Interest Rate that is now variable? Now that my property decreased $15,000, the monthly payment is now way higher, I don't want to pay the mortgage anymore, and I can'...


 What are the differences between a 30, 40 and 50 year mortgages?
I want to refinance my home for a 40 or 45 year mortgage. What are the avantages and disavantages of this type of mortgages?
T...


 Really need your help on buying a house.......?
My offer on a house has just been accepted for £91,500. Was orginally on market for £105,000 in Jan this year then was reduced to offers over £100,000. I have paid for Surveyor and Valuers fees ...


 I have a shmuck for a landlord!!! Help is appreciated.?
My landlord really stinks when it comes to making repairs. I've reached my wits end and waiting for my lease to end in another 6 months. Gas company recently did test on gas lines in my area. My ...


 How do you go about finding a lender for a home purchase?
...


 My lanlord wants me to move out in exchange for money and is offering 5,000 dollars is that the most I can get
Is there a way that I can get more money from my Lanlord.
Additional Details
He wants to move out because he is remodeling all the apartments and I want to know if there is a legal ...


 How much should I charge for renting one room in my condo. Should I request half of the mortgage?
I think I found the right person to be my roommate, the problem is that I dont know how much to charge her for rent. I dont know how much people pay when renting just one room. I want to tell her to ...


 Process2Get home loan for a 17&19yr. old with good credit?
My husband and I want to purchase a home. We already have a trailer but want a house. How hard do you think it will be?
Additional Details
Also, I am a teller at a local bank. (If that ...


 Anyone help out in some Rabbit control in Somerset?
...



tquinton
I can't sell my condo and am thinking about walking away from it? What happens to my built-up equity?
My condo has been on the market for nearly a year and I can't sell it because of the sub-prime problems. I've listed it for 25K less than I bought it for and still no takers. I'm at wit's end!!!
                     
 




Wendy S
Rating
Many are in your same situation. If you walk away, though, you lose your equity...

Your best bet would be to just stick it out, if you can. I don't know your situation, but perhaps taking in a roommate or taking a second job would help...?

Good luck!


Adonai
Rating
Relax, jeeeeez. You have a condo and your worried....

Rent it out or sell it as a time share. Many companies buy that way.

If you live in a decent city, or nice area, consider placing the rental as a vacation rental to forieng parties.


expert_ease
I don't know about america but in the UK there are a few companies like a quick sale http://www.a-quick-sale.co.uk/ who specialise in buying houses of people quickly in difficult circumstances.

A tactic it might be worth bearing in mind!


mommeof3
Can your condo be rented? Either as a whole if you just want to leave or as a roommate situation if you just have trouble making payments. Good luck


sporregar
If it's foreclosed on you get nothing back from built-up equity. You also get a black mark on your credit record.

Not sure if it's like a car foreclosure that you'd be responsible for whatever is left of the loan after the bank sells it for whatever it can get.


jodyson4858@att.net
Rating
you get nothing, the state takes (thats what there best at) it will go into forcloser,and xxxx up ur credit 4 a long time.


Esmerelda
You lose your equity and damage your credit badly. If you are having trouble making payments, the smart thing to do is call the mortgage company and see if they will allow you to do reduced payments or skip a month while you continue to try and sell. Most of the time they'd rather take a reduced payment or two to help you through than go through the trouble of foreclosing.


Alterfemego
When you get to this point you should just take it off the market and wait awhile. Are you in a position where you have to move? If not, then don't. Sit tight for a year to see what happens with the market.


I_Love_McRedneck
Why not consider a lease option? The renter gives you 3 months rent in advance, you set the asking price. They have a year to fix their credit and buy or they have to walk away from their deposit. Everybody's happy then.


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