 Property left by tenant, to be moved whenever? |
| An ex-roommate has agreeably moved out. He has left numerous vehicles, boats, trailers, lawn tractors, etcf. some in working condition, and my acreage littered with other items. A garage full of ... |
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 A credit card company put a lien on my house. I have to sell quick and can't afford to pay it off. Help! |
| I lost my job a year ago, i've been struggling since. A credit card has put a lien on my house and now I have no choice but to sell the house and can't pay off the credit card lien. Can I ... |
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 Feds cutting 3/4 of a point, what does that mean for home refi? |
Hello,
I've been stuck in an option arm loan for about 3 years now. I like to refi as soon as possible, but really havent notice rates dropping by that much for a 5 yr interest only ... |
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 Do you have to have a down payment to buy a house? |
i dont think you have to have one, but in order to get a lower payment you would need one right?
Additional Details
hey mark! tenn. is where we are planning to buy i need to get up with ... |
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 31 living with his parents? |
| rented out his property(900 euro a month) and sold his car to make more money.He earns 1200 euro a month after tax(less than 1000 pounds,1800 dollars after tax a month) and found it quite hard to ... |
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 Can a landlord request rent in October when they have yet to fix the shower from August thus you have no activ? |
| I have been living in an apartment to which doesn't have a working shower!! Yet I still keep paying the rent! The landlord granted is a friend but she has been saying she was going to fix the ... |
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 If you are a renter and a child drowns in pool you rent from, is the owner of the home responsible? |
| If you are a renter and a child drowns in pool you rent from, is the owner of the home responsible? No, this has not actually happened but a friend of mine owns a home that she'd like to rent ... |
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 Tax returns vs. W-2s mortgage question...? |
When applying for a home loan, do you need your tax returns or are your W-2s and bank statements enough to document your income?
Additional Details
Hmmm... I was hoping not to see ... |
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 Can I be sued for buyers remorse if i was unable to get financing? |
| If I am in contract to purchase a home and I was unsuccessful in getting the financing approved based on the contingency clause to buy their home without the sale of our home. I request a release ... |
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 Can I legally kick my parents out of the house after they have lived in there for over 30 years? |
The house is in my name, given to me by my late grandfather. They're paying me rent with no written contract.
They aren't preparing for retirement, there will be a day when they ... |
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 The driveway i rent is always blocked by the owner's family..what should i do? |
| i have my car and i rent an indoors driveway...almost everytime i take my car out or go back in someone is blocking the driveway..be it a neighboor or a family memeber and it is getting annoying..... |
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 Any Landlords out there??????? |
| My tenants of roughly 6 months had told me that the outside porch carpeting had gotten extremely wet and moldy after the long winter. One of them told me that her father would replace it for me for ... |
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 Can my landlord's wife break my lease? |
I am currently residing in a home on a 4-year-lease ending in 2010. The lease is in writing and on a contract.
My landlord and his wife own the home we are renting but have recently ... |
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 What should my parents do? |
| ok here is the story my parents sold our house and we built a new one, brand new and they needed money from my aunt to finish it. now we got the money from her and now we have to pay her back, but my ... |
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 My landlord won't return mine or my future landlords calls to verify my stay. What can i do legally? |
| I want to move into another apartment complex. I HAVE FULFILLED MY 1 YR LEASE AT MY CURRENT RESIDENCE. THE NEW COMPLEX WABN'T TO VERIFY THAT I LIVE THERE AND HAVE PAID MY RENT AND FURFILLED MY ... |
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happygang50 | I want to sell my house fast as i have to much debt what do i do and were would i live? |
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metoo
 |
You can call a realtor to help you out and in Texas you can get a big house for real cheap. I live in a 4,000 sq. ft. house and we paid 220,000 for it in 2006 and now it is worth 285,000. |
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Ed Atun
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With so many houses on the market, there is no secret to selling a house fast. Put the price as low as you can and clean it so it sparkles. Since you don't have any equity, you will have to live cheaply. A room in a private house costs $300 a month. |
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ceo.apex
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When we get clients in this situation, most times we negotiate a short sale with their lender. A short sale is where we get your lender to agree to release your mortgages for less than what you owe. By doing this, we are making the house more marketable because it is sold at a discount BELOW true fair market value. This soluton will work in ANY real estate market - especially a declining one.
If after talking with you we determine you can possibly afford to keep the home, and you do want to stay, we would negotiate a loan forebearance and/or loan modification. But based on your situation, it appears a short sale is the quickest way to get your home sold, so you can get out from under and avoid foreclosure.
During the short sale, you do not have to move out, but you should be looking for other housing either in e paper, realtors, friends, rental magazines, etc. If you have any specific questions, you can call our office or call me directly at: 732.822.6870 Or, go to our loss mitigation website at: www.shortsaletosell.com
I hope this helps you. |
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goz1111
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Call a few realtors not just one, interview them all, but some one is going to have to sit down and figure out what is the realistic price of the property in today’s market and what do you mean by to much debt? If this means negative equity then the best option maybe short sale |
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chatsplas
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IF you can afford your house payments, stay put and wait for market to improve. You could list it for sale immediately as there's a Fall market and take it off over the winter, and see what your local market is doing or not doing. If you sell your house you have to find some place else to live, some place you can afford and pay down your other debt. Pay on all your debt monthly, somthing. |
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One Sailors Lady
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Without knowing quite enough about your situation, I'd say that a GREAT way to solve this problem is for you to MOVE OUT of your home and RENT IT OUT to someone who is able to afford the mortgage payments. Being a landlord is hard work, but this can be very rewarding in the fact that it can save you from foreclosure which is a HUGE problem on your credit.
If you haven't owned your home long, this is a great option for you. Clean up your house so you can start showing it, and start reviewing the landlord/tenant laws in your state. Try www.reiclub.com.
Let's make this simple. Let's say you owe $750 on your mortgage/month, and you can rent out the place for $850/month. You can cover your mortgage plus some maintence. You don't lose your home, you don't have a foreclosure on your credit and you have positive cashflow from your renter.
You can also look into "subject-to" purchases in your state, which is when a buyer takes over your mortgage pmts for you. It will almost always be an investor, and you won't get much out of it. They will take over your payments in exchange for the deed to your home and possibly $1k for you to spend moving out of the property. If you are just desperate to get if off your hands, this is a good option.
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Joeseph D
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If your debt that is causing you problems is your mortgage then you should try to contact the bank and see if you qualify for a "short sale."
In this program the bank will forgiven part of the loan amount. So if you have a large mortgage (more than the house is worth in the current market) you will be able to price it so it sells. You get out of the house and the bank does not have to go to the foreclosure process.
so if you have a 250k loan on a house and its only worth 220k the bank will let you price it at 220k and not chase you for the 30 that you owe. You will have to claim the 30k you were forgiven as income on your taxes for the year in which you close on the house.
However, if you did one of those 100% finance deals then you probably have mortgage insurance. In some states the mortgage insurance company can chase you for the money you were forgiven by the bank. Usually they will negotiate the amount and it will be an interest free loan.
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I Buy And Sell Houses
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If you're in the United States:
Have a Realtor do a CMA (competitive market analysis) on your property to see how much it's really worth.
If there's equity in the property (more value than debt), find a good Realtor, price the property aggressively, stage it so it shows the best it can, and try to sell it that way.
If there's a lot of equity in the property, using a Realtor still will get you the most money. However, the "We Buy Houses" companies can buy your property (at a steep discount--around 35%-40%) in 5-10 days.
If you're falling behind (or in danger of falling behind) on your mortgage, talk with your lender immediately. See if any of the terms of the mortgage can be adjusted.
If you need to sell and there's no equity, ask a Realtor about a short sale. That's when you sell the property for less than you owe. Your lender must approve the sale since your lender's coming up "short"--taking a loss. A short sale will hurt your credit, though not as much as a foreclosure.
Those are your options for selling. |
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taz c
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These days, you'll find Housing Associations buy up your house, & let you live in it as their tenant. I think they buy your the house from you, so you'd have a lump sum up front to do with what you wanted. Then you would pay them rent as you would if you were a council tenant. |
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Cherrypicker
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Wow, big question. Bad time to sell your house and local authority housing is thin on the ground. Also, if you had a lot of capital, you would not qualify for Housing Benefit and would have to pay full rent. |
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fritya56
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it depends where you are , and if you have a choice of landlords , get to the bank or building society talk to them . |
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stacey f
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my family was in the sam e situation they sold there house to one of those sell and rent back people . now she is owt of debt but still lives in the house the landlord is really good and understandable. |
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