 If you are a landlord, would you rent it to family, relatives, and friends? |
| I have bad experiences renting to relatives because they tend to take advantages of me. If they don't pay you late fees and rent, it's very uneasy to ask them because they will take it ... |
|
 Standard real estate agent comm is 3%. If I offer buyer agent 6% will I get much more traffic? |
| My listing agents have underperformed. I am highly motivated to sell my home. I am experienced and willing to "sell by owner". I'm wondering if double commission idea has merit/... |
|
 When can a new homebuyer refinance? |
Bought home in April 2006
When can I refinance to-
1.combine mortgage 1+2
2.Get cash out to do home improvements?
I bought the house well under market value but with no cash down<... |
|
 Got a mortgage refinance quote: Too good to be true? |
| A mortgage broker quoted me a refi of $235K with adjustable rate loan at 1.2%, and the monthly payment can increase by only $77 per year. Does this sound too good to be true?... |
|
 Is it common for most people to not know the differences between Foreclosures, Short Sales, Preforeclosures,? |
| Is it common for most people to not know the differences between Foreclosures, Short Sales, Preforeclosures, and Bank REO properties? Is this something that needs some additional clarification for ... |
|
 My boss owes me over $5000 in unpaid income. I want to send a letter to all the people he does business with? |
| I want to tell them he refuses to pay me or return my calls. I want them to know what a scumbag he is. Can he turn around and sue me for talking to the people he does business with and telling them ... |
|
 Mortgage question? |
| Parents have a two homes they own free & clear and going to put one up for sale after they buy a home soon.(like within a month) Both are on SS with total income of about 1800.00/month. C... |
|
 I want to sell a house that I inherited. What happens if a lien is found? |
| I inherited a house a few months ago from a relative, that I have been caring for the past 5 years. I am living in the house, but I want to sell it, and move somewhere else. I was wondering if I ... |
|
 Can you be billed more then your deposit when you move out? |
| In the state on Minnesota. When you move out of an apartment or rental property, can they try to tell you to pay them more then your deposit was, for cleaning or repairs? Or would they have to sue ... |
|
 I have bad credit and need an apartment? |
| I live in the city and everyone does credit checks, my credit is horrible, and i am working on getting it fixed, but that doesnt really help me now. What can i do?... |
|
 If you own a beach frount property? |
| do you own all the sand and water too?... |
|
 What do you think about buying a foreclosure home that is in good condition? |
Is it a good idea?
Additional Details
clari331 does not belong here...so rude!... |
|
 How Much do you Pay For Rent ? |
What state do you live in. Just tring to see the rent price's and how they differ.
I have a three bedroom house i pay 325.00 Per month. Ohio :)
Additional Details
Wow Its ... |
|
 How do I know my agent made my offer on a house I bid on? |
| I put in an offer on a home a few weeks ago that was $75,000 less than listing price. My agent looked less than enthused to be wasting his time drawing up the papers. We did anyhow, and he called me ... |
|
 My boyfriend and I have lived together for 3 years under his HIS roof, the house he had 2 years prior to me.? |
| If we sell it and move into a new one, with BOTH of our names on the title does that mean the house is BOTH ours if we should break up down the road? He is saying the house would only be his even if ... |
|
 My husband and I are wanting to buy our 1st home. But are stuck with q's from getting a loan...help please!!? |
| Okay so we went to look at a house that we thought we liked, but wound up not liking it. The realtor gave us a number to peoples first to get pre approved over the phone. Well the lady said we had ... |
|
 I am new at this "rent"ing business. When the LANDLORD says they charge for electricity, what does it mean? |
Do I have to turn off all the lights? (before the bulbs run out?)
Should I unplug the microwave? (the digital clock runs the microwave.)
What about the oven then? I didn't tell my ... |
|
|  |
jimwc44 | I plan on applying for a mortgage loan and had a foreclosure and bankruptcy 3 years ago...help me here.? |
Ok I went through a bad divorce, bankruptcy, forclosure on the home we lived in. Three years later, I got a few some personal loans, a new car loan and 2 credit cards(they only have very small usage). I have made all my payments on time, with rent and utilities. I do owe some back federal taxes but are having payments taken out of my check each month. My fiance and I are renting a house we're playing on buying from our landlord, I've been at my job for 11 years and she has been at her job for 1 year but has a good credit score but not much activity. Will we able able to get a loan pretty easy....I'm a little worried!!!! |
 |
 
Sean L
|
You should be ok.... Bankruptcies matter the most within the first 2 years and Foreclosures matter the most for the first 3 years.... the further they get off the radar, the better but you will see a lot more doors open to you now than you would have a year ago.
The other factor is that the cause of all the negative stuff can be documented (divorce decree) and it seems that you have reestablished yourself nicely. This will show that the bad credit was uncharacteristic and not a habit, which the lenders should like.
I handle this type of situation all the time, if you are in the US and you haven't yet chosen a Mortgage Planner, I would love to throw my hat in the ring and show you what I can do for you. My website and e-mail address are listed below.... please feel free to reach out to me at any time. |
|
frankie77
 |
As long as the bankruptcy was at least 2 years ago and the foreclosure at least 3 years ago, you SHOULD be able to do an FHA loan. The taxes might be a problem if the IRS has liens or judgements. You will want to check your credit for these. annualcreditreport.com will give you free credit reports once a year, no catch. Your lender will see the tax payments on your paystubs, so just be upfront about it. They want to approve you as much as you want it. that's how they get paid. usually, you will need to show 12 months cancelled checks for your rent. Not always, but it helps. Good luck.
Also, because i already see one on here.....you do NOT need 20% down!!!!!! FHA rates are about the same as conventional, somedays better. talk to a LOCAL lender. |
|
americannationwidemtg
 |
You're question is an interesting one. You shouldn't worry too much about the foreclosure and bankruptcy. Assuming all the paperwork was handled in a mannerly fashion, and you have taken steps to reestablish your credit to a decent level, it can be worked out.
Also, you do not need 20% down at all. It's nice, but not needed. FHA guidelines will allow for a mere 3% down and less in some circumstances.
However, my advice is to sidestep the purely local aspect and shop around, using both local and nationwide mortgage brokers to handle your specific situation.
Contact if you have any further questions. |
|
Josephine
 |
All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusing forthe first-time borrower<!--and even for those with more experience! Here, we will discuss the different types of loan options, and how they work.
http://mortgages-finance.awardspace.com/
First, there are two main broad categories of mortgage loans: government loans (FHA, VA, and RHS, or Rural Housing Service loans) and conventional loans (all other loans). In general, government loans have low or no down payment requirements for the purchaser-->and are easier to qualify for than conventional loans. They are also guaranteed to the lender, which allows the borrower to obtain more favorable loan terms. |
|
Karen H
 |
I don't know if it's different from state to state, but I was told that you are not eligible for a home loan for at least 2 years after bancruptcy is final and 4 years after home foreclosure. Contact a local mortgage company. I'm sure they'll be happy to tell you without any obligation. |
|
Real Estate Guy
|
get married then buy the house. |
|
leonardhomes@sbcglobal.net
|
Better wait till you have some money to put down like 20% or the intrest will kill you. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 3 minutes(s) ago
| | | |
10 | 7 minutes(s) ago
| | | |
10 | 31 minutes(s) ago
| | | |
10 | 1 hour(s) ago
| | | |
10 | 5 hour(s) ago
| | | |
10 | 7 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
10 | 2 day(s) ago
| | | |
10 | 2 week(s) ago
| | | |
7 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
