 Can a landlord be responsible for tenant property damage if he neglects a problem that lead to the damage? |
there was water seeping into my closet from the (i guess) pool pump. I notified management of the problem from day one
it has been exactly a week, and the problem is now being rectified.
<... |
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 Ripped Off? |
| My Aunt and Uncle just sold their house and are having the feeling they were ripped off. They sold it for $114,000. It was worth $150,000. They left all the appliances including a stainless steel ... |
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 Will the 100% mortgage make a return again ? |
| In the past it was easy and relatively cheap to get a 100% mortgage, will it be so again ?... |
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 Question about a co-signer on a mortgage...? |
| Me and My fiance are about to buy a home togother. My credit score is good ( around 700) . However, she lacks credti history and had some problems when she was a little younger....so her credit is ... |
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 I rent and have not paid in three months. Now I have solicitors letters, help!? |
| Hey, Due to various personal problems I have not paid rent, I just have'nt thought about it. I know I have been dumb so please none of that. They have sent me a notice seeking possession and it ... |
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 Apartment Lease HELP!!!? |
| I've lived in an apartment for the past 3 years. I signed a 1 year lease when I moved in, and havent signed another one since. So I this automatically puts me on a month to month basis. RIght? <... |
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 What is the best place to find a loan if you are applying for a first..? |
| My fiancee and I are looking to buy a home and having a difficult time finding financing because he has no credit and mine is shot we have never bought a home and need some good places to start any ... |
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 I am going to be 3 weeks late with my rent this month. Can they evict me for being late? |
| I have never been late before but just having a tough month right now. what are my rights...? i dont want to loose my place.... |
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 I need advise please......I am in a terrible rental situation!? |
| I am currently in a rental home that is pretty pricey. Last week, my husbands health issues resurfaced from a couple of years ago. I tried talking to the realty co. to explain my situation and how I ... |
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 What do I need to do to be able to be a real estate person? |
| I'm a high school graduate and am interested in the field but i am not aware of the proper steps that i need to take. and help please? T... |
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 First time buying a new house, and I am clueless.? |
| My husband and I are in the process of buying a new house.We already went thru signing the contract, giving them the earnest money, and they already did the appraisal.The mortgage company already ... |
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 Why wont estate agents leave you alone?? |
| Why is it that my husband and i gave 3 estate agents our details and told them under no circumstances do we want to be put on the mailing list, the reason being, that they never send you anything ... |
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 I might sound like a idiot but........? |
| is there anyway you can have two apartments in your name?... |
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| What percentage of your income should you spend on a mortgage? I dont want to overextend my budget? |
| Im 25, I am in shock when i see my friends (same age, same entry level income) go out and buy 250k-300k houses like its nothing. They dont have 20 bucks to fill up the gas tank but they can afford 2... |
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 My landlord took me to court so he could legally evict me from his premises.? |
| So my eviction was for Sat., Oct. 15, 2006 @ midnight. Around 1:00p.m. that Sat. I came home to 6 people, the landlord, his 2 old enough daughters, step-son & his wife, as well as his friend, ... |
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Wife4Life | I inherited a house. Should I pay off the mortgage? |
When I got the house, it had 20 years left to pay off. (It was a 30 year loan.) I have been paying extra money every month for 3 years. (That’s how long I have had it). Every extra penny goes to the house loan including extra savings in my bank every month.
In 3 years I have paid off $50,000 off of the principle and owe $33,000 (in principle) left on the loan.
I want to pay it off next year because I want to get pregnant with my first child and would like to be 100% debt free.
If I pay $2350 a month for 15 months I will pay it off next October. Do you think this is a good idea, or should I make the minimum payments instead? The minimum payments are about $600.00 a month. But then I will be paying interest on a house that could be paid off. The interest wouldn’t be worth the money it would save me in taxes.
Some people have told me not to pay it off, but isn’t it best to have no mortgage at all? |
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ceasefear
 |
You will surely get alot of different ideas for the answer to this question...The reason is it is a rather personal decision.
There isn't a concrete right or wrong...
My personal answer is PAY IT OFF! You can alway take money back out later if you needed it...To live in a paid off house is a really comforting thing and we all need more places to reduce stress, especially if you are about to have a child...
My house is paid off....and I never regret it...I breathe a great big sigh of relief every time I think about it....I don't know how other people are making it with a mortgage...
Good Luck...You'll be fine what ever you do... |
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♥Just me♥
 |
It depends! Do you have alot of other things that you can use for deductions? If not, I suggest that you keep paying as you are. |
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david_anantasin
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Pay it off if you can afford it. It is best to live debt free. So when you have a child you can spend time an energy on him or her without worrying about money. |
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gglennn@verizon.net
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it depends on your rate of interest. If you have a fixed rate mortage at 5.5% or less it might be in your interest to pay the minimum and find a CD for 6 month at 5% or even a bond that is triple tax free. Please check your mortage interest |
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kvuo
 |
If you want to keep it, pay it off.. If not, sell it...
Debt free is always best. You've done the math, and you're correct.. |
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bostonianinmo
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If you can get a better return on your investment of $1,750.00 per month (the difference between the required mortgage payment and the amount needed to pay it off in 15 months) than the mortgage interest rate, put the funds in that investment vehicle instead of paying off the loan early.
You should take another look at the tax angle as well. Obviously you're not making minimum wage so the tax impact might be greater in your situation.
I'd strongly suggest that you consult with a CPA or an attorney who specializes in estate planning. You need to make sure that you have sufficient liquid resources on hand to deal with any emergencies. It may not be easy or cheap to pull money out of the house in a couple of years. Interest rates are going up so an equity loan in a couple of years may cost you a lot more than the old paper on the house today.
If you throw every available penny at the house just to pay off the mortgage you are doing yourself a disservice since you won't have any liquidity to deal with a job loss or unexpected medical bills. Since you're planning on starting a family, you should give due consideration to that aspect as well.
The total objective is not necessarily to be debt free but to be comfortable with your cash flow and be able to handle financial surprises without significant worry. |
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seversol73
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I think you have the figures worked out.
As long as you can afford it then pay it off.
Then you have an asset.
Paying off a debt is always a good thing. |
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Johnny
 |
You have the right idea. Pay that mortgage as soon as possible. It you wait 20 years you will end up paying 2x much because of compound interest. I would definitely pay it of in 15 months in order to save money in the long run. |
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benny
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It would seem like a good idea, but I once heard that you should never own your house flat out...because if you get sued for any reason, it could be taken away. If a bank still owns the property (you're paying off a mortgage) that wouldn't happen.
It's up to you, really...if you're pretty well off financially, it seems like paying off any debts would be a great idea...in case you face a financial emergency within the next several years! |
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jessi
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if you can pay it off do it. |
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