 I have until 30 march 2007 to sell my house any ideas? |
| Im starting to get stress my house has been on the market 6 weeks and it not sold. I say in a posh area, in a new build with neutral decoration and no clutter. Help Im desperate!!!... |
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 ANY ADVICE??? we currently are buying a house that we can not afford. We have an arm and are currently? |
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| Does anyone know if it is legal to rent a property that has no heating system? Does it depend on the contract terms? Could a tenant move in without heating and then complain. Please give source of ... |
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 Which willl help the value of my home more. closing a agrage for a fourth bedroom or finishing a basement? |
| I recently bought but have a prepayment penalty. My job may be changing and I will have to sell. I can close in the garage and finish it for about $1000. The basement will cost more but I need an ... |
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| Would a garden pond put you off buying a house? |
| were putting our house on the market soon, we have two fish ponds in the back garden one is quite large 10ft x 6ft x 3ft deep and is home to ghost Koi,the other is a lot smaller and just has goldfish,... |
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 REVENGE! How can I get my landlord back? |
| I moved out yesterday. My landlord was a real deadbeat and a jerk - refused to fix the broken toilet, wouldn't let me have guests for more than 2 days, put threatening notes on my visitors'... |
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 1 year from now will your home be worth more or less than it is today? |
Additional Details
Based on the current market, economy, politics, location, etc. do you BELIEVE your house will be more...... |
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 Apartment roof leaked, computer destroyed, is my landlord liable? |
This is for a friend. I am on here to get information to help her.
She lives in California, 3rd floor (top floor), of an apartment building.
The roof leaked 1 month ago and a ... |
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 House prices? |
we are in the process of looking for a house to buy, do you think that house prices will come down eventually?
Additional Details
house prices in the ... |
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 Is $875.00/month too much to charge for rent? |
| I have a 4/2.5 bath home (1352sq ft. not including the Florida room) I want to rent but I'm not sure if I'll be charging too much or too little considering I want the tenant to to provide ... |
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 How do i find out the exact boundry of my property? |
| the council think my fence is bows on to sa publick highway and i need to find exact ... |
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 I need help what Christmas? |
| i have three kids the ages are form 5 to1and a half and i had to move out of my house because they sold it and i had to move out because they up the rent on me and i could not pay what they wanted so ... |
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 How can the government be so blind? |
| please expain to me how a nurse I work with can get help from the government to buy a house? She is a single mother with a 13 year old child, makes good money, and has already purchased one home in ... |
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 If you are living in rented accommodation? |
| does the landlord have to provide a key for each tenant or do you have to get your own cut.......also should the house be clean ..........finally the back yard is full of rubbish who should get rid ... |
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 Are house prices going to fall in the new year? |
Additional Details
We're moving from a semi to wait in rented for the ideal property (hopefully) a detached in the NW of England. From the answers so far, doesn't look like I ... |
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 My house is worth 256,000 less than I owe...? |
| I am very nervous because my house has dropped significantly in value. We owe $642,000 on it and according to zillow.com it is worth $386,000. We have 3 mortgages on it 1st for $405,000, second for ... |
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whateva12 | I need some advice.? |
I bought a brand new house for 189,900. dollars. My mortage payment is like almost 1600. a month. Ive been in this new house ONLY for about 7 months,. However, I found a nice cute house with 3 arces of land for only 165,000. my payment monthly would decrease by double like 800. monthly plus I would have my same #rooms and plus land. My question is....what is the best way for me to get this new house. Should I give my house (back) the the bank or should I sell it.???? Please help. |
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Brittany A
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i would get a real estate agent and she how she takes it XD |
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hunter2
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If your payment is Like 1600 a mo. now, it will not be like 800 a month then. What are you calculating this based upon. It's only 25 Thousand dollars less.
That will in no way drop you payment by half.
Having just purchased 7 mo ago you probably will not be able to sell your current home for enough money to pay the WHOppinG fees of apprx. 7% on the sales price and still have enough to pay your mortgage off.
You can't give the bank the deed, they have to agree to this and they aren't likely to do so anyway since you haven't seasonned the loan. That means you haven't made enough payments on it for them to have made a profit on your loan yet. So, bad plan lady bug!! Just be happy that you were able to buy a home and have one now.
Having land, acreage is very expensive. Just ask people who live on acreage. They'll tell you. You have to keep it free of weeds due to fire hazard if not. You have to do a lot of things when you have land that you can't imagine until you have it.
All in all, don't worry be happy. Live in your current home for another 2 years then you can sell. If the payments are too high, then get a roommate. Can't get a roommate? Work more hours.
Best of luck, I'm sorry to be such a poop. But am just telling you the truth. |
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Joannie W
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i wouldn't GIVE the house back to the bank... sell your home. Have a contract on the house and land written up with a contingency clause. |
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staceydian
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You can't "give it back". You'd have to sell it. You can try to sell it yourself to save on R.E.Agent commissions which is a cost to the seller (you). |
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JUSTME
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Giving the house back to the bank would be a voluntary forclosure and would be on your record as a foreclosure, so selling it would be the best idea for you. |
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tyrawillisairealty
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You should never ever return a property back to the lender unless it is being foreclosed on. It does not reflect well on your credit. You should list the property for sale. If you have the credit rating, and income you may be able to purchase ther other one to prevent it from selling first while you are selling your current property. I would only suggest this if you are in an area that houses are actually selling in a reasonable period of time. Or you can rent one and live in the other.
Good Luck
Tyra |
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CctbOh
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You can't give a house back to the bank without harming your credit. Sell it. |
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pooh
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sell it, you will probaly make money on it. and you can ask owners of new house if they will sell it to you on contengency of you selling your house. but giving it back to the bank will ruin your credit and you won't be able to get financing for another house. good luck |
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Todd S
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You could do several things. You could sell your current house and make the purchase of the new home contingent upon the sale of your current home.
This means that until your current home sells, you aren't liable to buy the new property. But the seller would need to accept those terms.
Or you can rent out your current home and buy the other if you can generate positive cash-flow.
Learn more at http://www.thetruthaboutmortgage.com |
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dancing11freak
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Sell it. You won't be able to get the financing for the new one if you are foreclosed on. Lenders don't like the looks of a foreclosure, it basically says that you aren't willing to follow through with your commitment. It may sound strange but lenders prefer to see a bankruptcy over foreclosure because that shows responsibility.
You should also talk to the Real Estate agent who has the house for sale that you want to buy and see if some deals could be worked out.
The math isn't working for me on the difference in house payment though at only a $24,900 loan amount difference. Yes it would be lower if you are getting a better interest rate but not likely in only a 7 month period because at best you are looking at 6.25%. Remember to keep in mind your taxes and insurance included in that payment. |
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whatevit
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You need to sell it. Giving it back to the bank sounds good but it will effect your credit.
Perhaps you can lease the house $2000 to $2500 per month on a lease purchase plan. The new tenants could buy the house in 2 -3 years. With your position as landlord your additional income would make yours credit worth grow.
Caution if you do this use all the money from rent to pay bills on the rental property ONLY. Any left over use it to prepay the mortgage. Hold $2,000 on the side for repairs; they often spring up.
Personally I think you should not change anything because any changes is only courting trouble. |
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loanman46
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Sell it for as much as you can.
Here is some additional info. Hope this helps. |
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GirlDragon♥♥♥
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Giving it back to the bank would make your credit terrible. I suggest you stay at the house you are at. Buying a house isn't like buying a car. |
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NONAME
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I'll never understand this concept of "giving the house back".
It's not the bank's house to take back! It's your house. You simply have a loan against the home.
You have zero equity in your current home, so if you try to sell, you'll have to come out of pocket for your selling costs, including realtor fees, title, etc...
And I doubt you have more than $200 in your bank account. So that's not really a good option.
And "giving the house back" means you are stepping into foreclosure. So, you'll have zero chance of buying that other home for a few years. So that's not really a good option either.
Next time, think before you buy. If you can't make the payments, don't do it. |
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gingersnap
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well honey i will tell u from doing it wut i did was got a job and got the money and bought the house |
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