 Once the old house is purchased how many years can you sew last owner for hidden faults? |
| we bought the house last year only to find out that the floors are completly rotten under ceramic tiles as well as the floor in the basement under carpet. Rotting is due to water entering over ... |
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 For all builders out there honest questions no stupid ones? |
| we hv just moved into property owned by housing assoc brand new were told not to do anything repairs for a year time is up now by law what should they be doing bearing in mind there are cracks ... |
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 How low will House Prices crash to? |
| How much are house prices going to drop in the next year? First time buyers need up to 50% to make them affordable... will they get there?... |
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 Landlord Issues!!!!!!!!!? |
Our Landlord comes round all the time to check up on us - thinks were ruining the place but the letting agent thinks our house is neat and tidy.
Its getting a bit annoying having him come ... |
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 Double standard with mortgages? Why did my "friend" tell me that I wouldn't get approved for mortgage? |
| Okay my friend is 18, in college, and works at BEST BUY(she has savings though) yet she got approved for a $200K mortgage with $40K down. (the house is for her + her mom; she's splitting the ... |
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 What does 1.5 bathrooms mean? |
I am trying to rent a room in another city for the first time.
i found a room in a shared townhouse that says:
- One big bedroom in a 4 bedroom townhouse
- 1.5 bathrooms
I dont ... |
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 Mortgage interest rate. Should I lock now? |
| I applied for a mortgage today and got a rate of 6.0% if I lock today (I still did not). This is a 30 year/fixed, 20% downpayment and I have to pay down 2.75 points to get this rate. There is no ... |
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 Whats important to you when you buy a house? |
| I know different people are looking for different things, but whats important to you when your buying a house? The size of the kitchen or bathroom, the garden? What makes you want to buy that house?? ... |
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 Can I buy a house even though I'm only 18? |
Will there still be a problem if I pay cash? Is there an issue if I have so little credit willl it still affect me?
Additional Details
If i go away to college will it affect me even ... |
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 What is the average monthly mortage payment for a house that costs $350,000? |
Additional Details
I am buying a 5 bedroom $350,000
house and i need to find out what the average mortage payment is.
I have a monthly income of $8,333.40.... |
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 Realtor doing her job? |
| House has been on the market for 3 weeks. We have only had one showing (by another realtor from out of town). She has not shown the property once. The feedback from the Realtor open house, and the ... |
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 What has been your worst experience renting a house? |
Either as a landlord, tenant or in a group or share home.
It was inspired by this story in the media.
http://www.nydailynews.c... |
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 Can I try to sell my house without a realtor before my house goes into foreclosure? |
| I'm getting ready to lose my house and I was wondering if it is possible to try to sell my house on my own. What is involved? I don't want to involve a realtor because I owe to much on ... |
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 Is 12% interest too high? Owner financed home.. please help!? |
| We already moven into a home that is going to be sold to us in a rent to own term. At the begining the agreement was 80,000 with monthly payments.. no interest.. then they told us that price changed ... |
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 How do I attract good tenants? |
I intend to let my flat to tenants who can be trusted to pay the rent and respect the property.
I am completely new to letting property and assumed that having modernised, redecorated and ... |
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 I'm in the market for a house (first time). What are some pitfalls to avoid? |
| Also how do I shop for the best/lowest rates? I've heard that the more your credit is checked, the lower your beacon score drops.... |
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LasVegas Am-Fil | I was willed a home that is upside down on the loan? |
what options do i have?
I cant afford to keep it...can i just tell countrywide to take it??? |
 |
 
Jillian A
|
You can try to sell it to someone else or if you don't think it would be moral to sell it, see if one of your other family members or some friends would like to have it and hand it down once again. Although the land its on might really be worth something. For easy real-estate selling you can also go to EBAY. |
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aafromaa
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If this home was the only property that you received then you can probably get out from under it by refusing the bequest. However, if you were given anything else from the estate then the lender might attempt to attach those assets to get payment for the home. I strongly suggest that you see a real estate attorney. |
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jack a
 |
I would take no action, and let the home go into probate. Probate can take a year plus, so if things change, you may have a chance at salvaging it. |
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aiyda1
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no
ask your mortgage company to renegotiate the loan. Have you applied for Taffa (HUD)? This happened to me. I have a 238,000 mortgage and its only worth 200,000. I had an adjustable rate at 8.75%, up to 19.98%. I asked my mortgage company to renegotiate its terms. They are giving me 5 years at 5.75% and dropped my payment to 1703 instead of 2202. After that it will go back up but it gives me a chance to pay extra on the payment and have a better chance of refinancing to get out of the adjustable rate. Talk to your current mortgage agency. As long as you are current with your payments you may qualify for a readjusted loan. There may also be other options to consider if you are behind. If you can't work with them, my advice to you is to contact this federal unit that can help you:
Federal Housing Authority (FHA) (HUD)
US Department of Housing and Urban Development
451 7th Street, S.W.
Washington, DC 20410
(202) 708-1112
Federal Housing Authority
1(800) 225-5342 (options 1, 5)
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estielmo
 |
Refuse to accept the inheritance - you are not required to take it |
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Lindsay Jane
 |
Why not make it work for you and rent it out ? As long as you take care of all the legalities and paperwork and ensure you have a good agent it should work out well, plus it will make you financially secure, Be brave. |
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danniemarie
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You could just let them foreclose, but your credit may suffer. Sit down with them and see if they are willing to let you put it on the market for six months and benefit the both of you. They don't have to foreclose, and you don't go into debt. |
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Tiff B.
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My parents took a loan for there home and a business bought them out and they paid the loan off with the a portion of the money they got for the home, they owed about 10,000 more but they got over 100,000 for the home. So sell it and pay the loan off with the money you get for the home. |
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Erica H
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talk to the bank |
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Mordecai Zion
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based on that data, what else can you do. makes no sense to accept that loser. |
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livewire9
 |
i think you mean a reverse mortgage... there was an agreement made when this mortgage began in regards to equity in the loan. if you were willed an interest in this home there must be equity that your entitled to by the terms of the agreement with countrywide. i would suggest finding out from countrywide how long there had been a reverse mortgage in place. if it had not been for a great deal of time i would suggest contacting a lawyer to represent your interests, most lawyers in this type of action should be willing to work on contingency when they find out what the possible gain for you could be. |
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