 Should we take the offer? |
| my mom got an offer to buy a house for 89,000 dollars it has 4 rooms a living room a dinig room 2 restrooms 2 garages a pool and a jacuzzi. We have a house with 5 rooms right now we got it for 84,000 ... |
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 Is it wise to re fiance if I have 15yrs left to go on payment? |
| My question is Well Fargo will refiance at no cost to me. I have 8% interest now and they fiance at 6.7%. Do they start out taking the majorty of the payment as interest. Will I come out the same or ... |
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 If i am making $30,000 a year, and wanted to get an apartment at 475 a month, would i be able to do it? |
City : Memphis
150 Dollar Insuance Payments a month
50 Dollar Cell Phone Bill
No Idea what utilities are
But i work week on week off so they wouldnt be too much
Any ... |
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 My Fiance and I are going to start looking for a house after the first of the year.? |
| I have no idea on how to buy a house. We both have excellent credit, and are not in much debt (with the exceptipion of my car). Our yearly income's combined ranges between $70-75 thousand. My ... |
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 1st Time Home Buyer Getting Cold Feet!? |
So I am getting ready to buy my first home and I am excited. The more I think about it the more I worry about me affording my mortgage payment.
Details -- I make 71,000 a year and bring ... |
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 So confused on buying a house!!!? |
| We don't know what to do...where to start. Anybody have any "learned from" experiences they wanna share? Do's, don'ts, watch out fors...any piece of info will be helpful.... |
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 When is the right time to increase your tenants rent? |
| I currently have tenants renting my house. They would of been in the property for a year in January 2008. Is it acceptable to increase the rent by 5% in January?. I have a mortgage on the property.... |
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 Does the landlord need to have our key? |
| Do we have to give key to the landlord if we change the locks? My landlord comes into my house and looks through personal information and i can tell because when the landlord comes in she moves ... |
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 Going to court over back rent.. will we win?? |
| When we first moved into this house, our shower wouldn't drain. It would overflow before we even got out of the shower so we figured it was clogged. Well, we told the landlord and she bought ... |
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 Buying a house question? |
| if i earn just over 13 grand a year is there any realistic chance i could get a half decent mortage?... |
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 How to deal with tenant doesn't pay rent? |
| I have a tenant who rejected to pay the rent for this month. I have already followed BC tenancy act to give him a 10 day notice. According to the residency act, he has to move out within 10 days if ... |
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 What is a reasonable % rate for a Real Estate Agent to charge? |
| I'm located in Southern California and after speaking with my Realtor, he gave us a 5% commission rate, 2% for him and 3% for the other agent.... |
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 Is it true one can buy a house with 30% down no income verification? |
I heard this from a friend and was wondering if it is true?
30% down payemt on a ... |
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 How can I sell my house faster? And make it more likable to the buyer? |
| My house is in Palmdale, California. It was built in 94' and is in great shape. Four rooms, tile, carpet, great condition. My real estate agent is not doing a good job in promoting the house. I ... |
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 Can I get a home equity loan with a credit score under 500? |
| My husband and I own our home free and clear and have been having trouble getting financing because of our credit score. I am guessing that our home is worth approx $125k, I am guessing. (our ... |
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 How do people afford all these big expensive homes? |
| I have worked hard all my life and can not afford 300 400 500 or more thousand for a house. What I am seeing in RI and MA is 3000-4000 sq foot homes with big tags. A 2000 sq ft home is still ... |
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 1st time Home buyer, good time to buy? |
| My husband and I are looking into possibly buying a home here sometime soon. I have been told by everyone that this is a buyers market right now. Do you agree? If not, can you please explain? I ... |
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Brenda G | I cant refinance my home cant sell my and my mortgage will be too high for me to pay this year what should i d |
realtors have gotten me in a mess i am afraid i will forclose if i dont get answers my home apraise for the same as my loan and i also have a high interest rate |
 |
 
rudy2tute
 |
I m not sayin this is the right thing to do but....
Jim Cramer from 'Mad Money" says it isn't going to get better. He says HALF of the homes sold in the last two years will go back to the bank. He says folks in Cal are just walkin away in droves. He states Bernanki has to do something to fix it. The dow dropped yesterday because of it and so did the foriegn markets this morning. Could be a long day on Wall St today.
Good luck my friend...... |
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frankie b
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Blame who ever you want to make yourself feel better, but it was you who sat down and signed the papers. Plus Realtors do not put people in the arm mortgages, mortgage brokers did. This doesn't mean they are bad people either. People came to them with the dream of home ownership, and the provided a service. You were explained that the rate would adjust, and even if the mortgage broker didn't, the closing attorney did. I do feel bad for your position, but blaming others will not help. I would suggest a second job, and riding out the storm. |
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Deliah
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Anyone who states someone else got them in trouble but have signed all the paperwork are in a deep state of denial. The first thing you need to do is stop with the "they" did this to me and take charge.
Call your mortgage company and see if they will make repayment arrangements with you. If you are behind call and see if making a payment to bring you current then splitting the arrearages over 6 months to a year will be an acceptable agreement. At this point if you can make any arrangements they are probably going to take the offer.
Ask if they will accept a short sale.
Sell it on rent to own or contract for deed ONLY WITH THE ASSISTANCE of a real estate Lawyer to cover all aspects of such an arrangement. |
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M v
 |
Stop the blaming game. Your the one who signed on the dotted line. If you cant afford your mortgage try renting it to someone who can, place you house up for rent and move out into a less expensive apartment. You also might try to rent out some rooms or get a second job. |
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Florida Expert Agent
 |
You may be able to refinance your loan without cashing out. Find a "reputable" lender that can help you out with that or contact your current lender and ask them to evaluate your eligibility for a lower interest rate for the same loan.
If you find you are not able to refinance to lower your payment, then try to work out a forbearance agreement with the lender where they will adjust the payment for a short term (maybe 12 months) until you can catch up on the payments.
Otherwise, if you are not able to sell the property, and the mortgage payment is enough that a rental agreement could cover the cost of ownership, then rent it out.
Rentals are the hot thing now, since it's becoming more difficult to qualify for a home loan. |
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Alterfemego
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Why have realtors gotten you in such a mess? Ok let's get you some help fast, HUD has approved for this counseling service to be available to anyone who needs help, just call 888-995-help. Don't delay, they may be able to help you rearrange your debt and keep the house. Good Luck! |
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Kat G
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Start renting out rooms if you have to in order to make your payments on time. |
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