 Can I supena a lease agreement from my ex-landlords new tenant? |
I need to find out the date that the new tenant sign the lease agreement to see if the landlord double charged rent, do i hav e to take him to court to get a supena to do this
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 How can I help my daughter buy her first home? |
| My wife and I want to help our daughter and her husband buy a home. They currently have poor credit and even with us providing the downpayment, they could not get a mortgage themselves. We thought ... |
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 Can i get out of a 12 month house rent contract? |
| i am 5 months into renting a house which I have a contract for 12 months. I would like to move closer to work. The agency I rent the house from says I cant leave until the 12 months is up. Where do I ... |
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 What would happen to my mortgage if anything went seriously wrong with Northern Rock? |
| Whilst i dont think it will, and i have listened to the news which states that some of the stories surrounding NR are exaggerated to the max it did get me wondering what would happen if NR or any ... |
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 What does it mean if an apartment complex says they are Section 8 acceptable? |
A townhome I am looking at says "section 8 acceptable". What does this mean? Does it mean felons can live there?
I live in Missouri.... |
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 Any ideas to sell my house faster? |
i need to sell my house. It's been up for sell for a while. it's a great house. And the cost isn't too much, it's a great cost fo the house.
Additional Details
weve ... |
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| I am homeless. I need help. PLS!? |
| Hello, I am a 20 year old who was seperated of my parents house because i want to get independent and be with my own for now... So with that said, i am currently finding a job and i am stayin in ... |
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 We just bought our first home and had the best real estate agent to help us.? |
We couldn't imagine ever dealing with another agent. What could we give him as a huge thank you!??
Gift Certificate? Gift basket of some sort. Something really cool but not too expensive.... |
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 Mortgage Loan Officers Please give me some advice? |
| If there any loan officers out there that can please give me some advice i would really appreciate it. My son has a house that is currently being rented and I rent an apartment. Although he pays ... |
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 Does a landlord has to notify the tenants if they raise the rent? |
| I just renewed my contract, and they told me that the rent was being raised because of the market. Also, the said that they sent a letter, as a 'courtesy', to let some tenants know the rent ... |
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 Landlord is a jerk and lives next door. We can't afford to move right now abut he will not make repairs.? |
| I could call the county and they would enforce the law, maybe, but have been known to be paid off. We have lived here over 5 years, paid rent on time, never caused problems and have helped them out. ... |
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 Question about what to do while viewing open houses, first time? |
| This weekend I will be looking at several houses that are for sale. I have never done this before. I am wondering what is proper to do and not do. Can i open the peoples cupboards and closets etc. T... |
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 My Sister Signed A 1 Year Lease on a Rental Home - Now the Owners want to change It & go up on the Price!? |
| The Owners says that the price he quoted for the rental property was too low and that he was about to go on vacation so he got excited & gave them too low of a price! He wants to go up 300.00 &... |
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 Can you split a mortgage? |
| I am not married and this seems like the best way to protect an investment. For example, if my boyfriend and I want to buy a condo for $300,000 can we each have a mortgage in our names for $150,000 ... |
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 Can you get kick out your apartment because of...? |
| Can I get kicked out my apartment if, while the managers are showing an apartment, I tell the "new tenants"---"Did they tell you about all the cars getting broken into, and how they ... |
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Viv T | I have tennants and wish to sell to them. However, I did not tell the mortgage co. What are the reprecussions? |
I am currently letting my flat to tennants. They have now expressed an interest in purchasing. However, I never informed the mortgage company that I would be letting the property out (I fell into money troubles because of a lost of job.) What are the reprecussions if I was to sell to them and what would be the best way to manage this (and the mortgage company?) Thanks. |
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starlet108
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Say they were staying with you as guests xx |
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Heyjude
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No problem with the bank / building society.
Potential capital gains liability if you have rented the property for more than three years. |
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Helen C
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I dont know the position legally, but your mortgage company does not know to whom you are selling your flat whether youre living their personally or not. Your lawyer will automatically pay off your mortgage when you sell, but they dont have to know to whom you are selling. I cant see why you need to tell them at all. |
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johnk1964
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If you sell to your tenants, then there probably wont be any repercussions, as your mortgage company will be repaid on the sale and the matter closed.
Had it found out earlier then it could have foreclosed, and / or increased the interest rate. |
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Lucky
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If they are buying it from you (Paying Cash or Borrowing their own funds) Then you should not have any problems.
(I have sold property that way before to tenants)
However if you are considering a Contract for deed then that may be another issue and you may want to get professional advice. As All states have some different laws and some mortgage Co's may be more lenient than others. Depending on the situation |
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boston857
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I can assure you that the mortgage holder does not care how the payments are made so long as they are made on time and using money obtained from legal means (in the U.S. the dept of justice can cease assets acquired with drug money).
If you want to sell to the tenants, you can do an outright sale and the proceeds would be used to pay off the mortgage and transaction costs & you would keep whatever is left over as profit. In the alternative, you can do a lease with an option to buy excercisable by the tenant at a certain period. You would need to agree with the tenant how much, if any, of the rent goes towards their deposit/down payment. Those funds would then need to be escrowed in a non interest bearing account and held for the benefit of the tenant when they are ready to do their loan financing. |
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spot
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I wouldn't worry. You don't even have to tell them you are selling to your tenant. Just have your tenant line up his mortgage or come up with cash and at the closing, pay off your mortgage. |
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can i be your pet?
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There's no need to worry. They wouldn't be best pleased with you if you took out the mortgage in order to start a commercial concern. All they really want however is their money back with as much interest as possible.
This is a grey area: you have a right to use your property as you like, they don't have a right to any business you operate from home e.g. nobody who uses space in their house for work (office/storage etc) even thinks of giving a separate cut from the mortgage over to the bank, but taking out a mortgage to start a business isn't really allowed though many of us do it.
If you are nervous about repercussions USE A DIFFERENT BANK OR MORTGAGE COMPANY TO SELL! your bank doesn't need to know anything about the process until you hand them the money.
You already have the people you want to sell to, get your survayor let them get their survayor (I would ask top price) and then see about swopping documents and setting a completion date.
selling up property isn't always a good idea unless you can get more property, or unless you have no other choice. I have been in your situation and survived without paying any large fines, this (the above) is what I did.
all the best! |
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Yahooooooooo
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speak to a finacial advisor to see where you stand. or citizens advice bureau.....
im afriad i dont know enough about the law to even know if its considered fraud or not |
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Alterfemego
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It could be considered fraud. |
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