 MICE, MICE and BIG Rats on the street at night....? |
| I just moved into my first apartment at 28 y.o in May. I fell in love with the brownstone because it was newly renovated with beatiful floors and excellent fixtures. My rent is 1100 and I have to pay ... |
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| I am currently 5 months with a very high risk pregnancy and a 2 year old. I was recently hospitalized for bleeding due to stress on the job. I am currently on permanent bed rest for the remainder of ... |
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| I have until August with my current lease. My brother in law is leaving this beautiful house empty, but the owner wants someone there to help with her mortgage. Do I break my lease and move into my ... |
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| The landlord knows of many "things" he has not fixed for two years now, he is now "mad" that I pointed out just one of many many things that have not been repaired since I let ... |
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| 14 years ago she was the only one living at home so her and mum took out a mortgage to buy our council house, they paid £8000 for it. My sister then met and married a man the same year she moved ... |
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 Can a realtor go into your apartment when you are not there? |
My landlord is selling the building that we live in and he told us that we will receive a 24 hour notice when they may want to come look at the apartment.
We are still living there and will ... |
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| I have been having this problem for some time now. I have contacted her on several occasions advising her that she must give me a written notice of at least 24hrs before entering my dwelling unless ... |
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| my friend lives in a house which is shared. There is a communal living room and kitchen, and there are four other private bedrooms which are for him and the other people. They are getting reminder ... |
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| We went to go and apply for a mortgage and our credit union doesnt do mortgages. Who do we go to? We want a consultant to help us find out what we need to do and so on. Do we go to a bank and find ... |
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| My partner and I are separating, would I qualify for a council house? Or could I declare myself homeless (as I will be)? I don't earn much a month and I will struggle to pay rent for private ... |
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| A real estate agent told me he could help negotiate the price and get us the better deal on a newly built home. The real estate agents at the builders location says they can get me a better deal if I ... |
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| $7,000 in loan fees....Not to mention other closing costs, like inspections, appraisals, etc. She wants me to pay part of her loan fees....I dont think I want to do that, I am already paying my ... |
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 Rent Skip? |
How long does a company chase you for unpaid rent?
I skipped town about 10 years ago without paying for three months rent.I want to go back to this town..will I get caught and have to pay it ... |
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 Home Owner Association (HOA) fees exorbitant!? |
| Our Board just raised the fee by $70 to over $420 a month! I think this is exorbitant, considering we have 1 unheated pool and a single crappy tennis court as our "amenities". Problem is, ... |
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 Is landlord liable if burgled? |
| I am in the UK and I am renting a property. Recently the landlord removed the wall and gate which separated the building from another property and has not replaced it. This means the back of the ... |
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 Is there a way to get in the MLS listing without a Realtor? |
| I am looking for a house but I don't want to use a Real Estate Agent.... |
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robertredhot | I want to buy a house, what does foreclousure mean? |
i 've been looking to buy a house, but i understand that a foreclousure house could be more economic.
is this true? |
 |
 
teran_realtor
 |
In the last few years, if someone (anyone, a homeowner, an investor, a bank, the government) had a house worth $100k, they would want to sell it for $100k. Sometimes, buying a foreclosure can be a good deal.
To get a good deal, you need to find a house that other people are not going to offer more than you are willing to offer. It also must NOT be so messed up that you will need to spend big dollars to make it livable. As a whole, I call this "Buying a house with the right things wrong."
Unfortunately, there are investors out there looking for these same houses. What you can do is this - find the house before the investors do, and quickly get it under contract, or if you're buying to live in, then find houses that give priority to "owner occupants" over investors. The best opportunity I've seen like this are the HUD owned houses (they don't let Realtors call them "foreclosures" in our advertising).
Again, find a house in a neighborhood you like, listed at a price within reason, that has the right things wrong - good and ugly, but not really expensive to fix up. The best deals are usually in the wintertime (from Thanksgiving to Christmas), and HUD is also giving a $2,500 bonus to the buyers and $500 extra to the Realtors until early January.
Although statistically the best deals are in the winter, God gave me mine in July.... but He gets to break rules when He feels like it. |
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Max's mom
|
When a bank forecloses on a house it means that the mortgage was not paid and the bank had to take the house. |
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quatrapiller
|
A house that has been put under forclosure is one that has been reposessed by the government or bank for defaulting on the home loans. It is usually cheaper because they are trying to get rid of it as fast as possible. |
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CheapScape
|
This is a home that the owners could not or did not make payments on and the lender took the house back. Most time this type of house needs work; however you normally can get them far below market value. |
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ladybird
|
Yes, you'd probably be able to negotiate a better price because foreclosure means the bank has stopped the owner's credit and is selling the house out from under them to repay the mortgage, as they haven't been able to make the payments. Their sadness will be your gain. Unfortunate, but that's the way of it, I'm afraid. The reason you may get a better price is because all the bank will be trying todo is recover the money thy're owed and won't be too interested in making a profit as the profit, if any, goes to the owners after the debt and costs have been repaid in full. |
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chicks dig it
|
Yes. All the bank wants is whatever the balance due is on the home. |
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justmejimw
|
yes, but most foreclosure are sold as is, and thing that might to to to be fix.
To deprive (a mortgagor) of the right to redeem mortgaged property, as when payments have not been made. |
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SKYDOGSLIM
|
a foreclosed property is one that has been repossessed by the lender for non payment. sometimes these are very good buys, however the condition should be a concern |
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imad11694
|
nothing |
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walkinandrockin
 |
A foreclosure is when a loan doesn't get paid well enough for the lender to keep the loan open for the buyer. Sometimes a foreclosure home can be bought for under the market value, depending on the market and how much is still owed on the home. You should look at all available homes in the market to find your best home, which may be determined by best pricing, or by other considerations as well, such as condition, location, amenities, etc...
Many homes that went to foreclosure aren't well cared for because the former owners didn't have the funds to maintain them well. Be sure to get the best possible inspection done and watch for mold, shoddy repairs, wear beyond well cared for homes, etc... |
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Bobbie
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forclosure means the bank now owns the house becouse the last owners were not making thier payments.buying a forclosed home is recomended becouse it sells for less than if the owners were to sell it becouse the bank is just looking to get the balance that is owed.i bought my first home in 1999 for only $105,000 becouse it was a bank owned home and then i turned around 14 months later and sold it for $147,900 and was able to put 20% down on my current home. |
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annjilena
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the house you pick forclosure close the deal |
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Sarah
 |
A foreclosed home means the owner could not keep on mortgage payments anymore and had their house taken away from them. They can be a good deal, but make sure you have the house appraised by at LEAST one person before you buy because there may be a ton wrong with the house and it wouldn't be worth the effort to make it livable. Often, people who have their houses foreclosed on can't afford maintenance, either... and things are let go that homeowners would normally take care of. Once these problems are ignored for years and years, they can make really big problems!
You can get a good deal, but buyer beware! |
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