 Whats worse.. paying Countrywide for 30 years or foreclosing? |
| i bought my house for 350 K in 2006 and its only worth 250K and the mortgage will adjust next year and go up . im paying 2400 a month plus 500 a month thanks to the broward county property taxes. ... |
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 Is there a way to get a loan for 600k? |
| I want to purchase a home without a co-signer on me and my wife. But our scores are small in the 560-600 is there a way to get a 600,000.00 loan without getting pounded with a high rise interest rate.... |
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 I need a real estate agents help!!!!? |
hello
i want to start approching real estate agents about doing there loans with them. I have other things to offer but if your a real estate agent i need help. I know they get hasseled by A.E. ... |
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 Does a landlord have to supply working heat? |
| I live in calif the house I rent has no working heat it gets very cold her does the landlord have to supply working heat & can he raise my rent to fix it he says he cant afford it.... |
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 I am currently 19 years old, and when I am 27 I will buy my very own house. Could I afford it? Please read.? |
| Hi guys, my name is Sam, and I am currently 19 years old. I am currently working on my AOS in Information Systems Technology, which is a 1 year and 10 month long program. Once i complete that I am ... |
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 Can I charge late rent payment fee - 20% of rent - as well as bad check fee? |
| Tenant gave me two checks - both on time - then about a month later, I was advised that both checks were returned. Tenant cleared up bad checks with cash. I then asked him to move (also almost ... |
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 Are housing records public? |
| I'm looking for a the name on the deed to a house. The telephone number and address is unlisted on white pages etc. I know the address and the land line phone number. However i want to find out ... |
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 Being watched? |
| I am renting an apartment, and have been for over a year. Recently, I have been having alot of problems with them. They come into my apartment without leaving a note (they are supposed too) I have ... |
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 Does anyone know how i can find out whether a house belongs to the council/housing association or is private? |
Is there anyway i can find out whether a house is privately owned or if it's a council house or a housing association property?
Additional Details
The thing is we're waiting to ... |
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 My credit score is 420. What kind of interest rate can I hope for on a 40k mortgage? |
I'm calculating my approximate costs and could use a better idea of the interest.
Additional Details
"420 Sucks" I know. Thanks for pointing that out
Geez, you&#... |
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 How to Draft a Lease for Your Rental Property? |
| what are the basic and important points to be mentioned or is there any standard format which has to be ... |
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 I am thinking about renting a house that has been foreclosed, am i taking over the mortgage payments? |
| Will I have to go through a bank, am I making payments to purchase the house or still just renting? Can I be kicked out anytime if the owner's can start making payments? Does the bank own the ... |
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 How long should I wait to refinance my home? We bought it 2 years ago.? |
| I pay extra principle each month on it and would like to refinance enough to pay off my vehicle and to do some remodeling on my home, painting, etc. I would appreciate all insight. Thanks!!... |
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 Can a home lender come after you after they've foreclosed on your house? |
| My current home is at the beginning stages of foreclosure, and I know I can't bring it current. If I retire after the home has been foreclosed and I use my annuity to purchase a new home, ... |
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 After 2 and a half years in a rented property, am I required to repaint the whole house? |
| After 2 and a half years of living in a property, my letting agent has suggested the difference in my deposit paid and my return deposit is due to a deduction for repainting the house before the new ... |
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 Should I sell my home read on ( real estate )? |
| Hi I bought my home condo near the water in NY 6 years ago. It went up like 100 percent in value. I am getting scared of everyone saying the real estate bubble is going to make homes so low soon. I... |
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 Realators didn't give us info, now we could be out thousands!!? |
| Ok, so I asked before about my parents housing situation. My parents put down a fairly large good faith deposit while were waiting for the rest of the deposit. Anyway, it was refundable for like 20 ... |
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 I'm planning to buy a small house or mobile home then rent it out and hope prop. values increase or build a |
house on a lot I already own.I'm trying to make some money in Bay County FL.I dont make much at my full time job.Which should I do? Thanks.
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If i build a house I ... |
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 I want to sell my home. Here is an issue: We originally bought the home in good shape but we rented it out and |
| The renters did not care for the home. We lived out in Arizona, so we couldnt check on the home as much as we should have. We were out for 3 years and they were NEVER late on the rent. But many ... |
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lee s | I would like to know every ones opinion on was going to take place with the real estate market over the next? |
i would like to know every ones opinion on was going to take place with the real estate market over the next few years , im think of buying a 200,000 townhouse in brownard county plantation south florida , 10 years ago that same 200,000 place was only 90,000 do you think that that same 200,000 place could ever go back down to 90,000 , im just a little nevous and not sure if i should buy now , i must admit though that when i brought my house on long island new york for 300,000 back in 2001 i thought i was over paying and that i was getting ripped off who would have thought i it would go to 600,000 which i am in contract for its sold im hoping , any advice would be great |
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YouAsked4it
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My opinion would be that the market has no choice but to go down. It might climb a bit more but with the rate of forclosure now being higher than it has ever been I cant see it staying as high as it is now. |
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SCCRealEstateUNCENSORED.com
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I think Thomas gave you the best point so far and that is this. If you are planning to buy this townhouse to live in it as your primary residence, what do you care? Seriously...If you are going to live in it for more than just a couple of years you will be fine. If you look at the real estate market you will see that it is cyclical. If it goes up, it will come down and if it came down it will go up again. The question is when this will happen and to tell you the truth every expert economist or "expert" in this area will give you their best guestimate because nobody holds the crystal ball.
When you buy a house to live in it, you just dont hope on appreciation to build your wealth, you use your home as your personal saving account, the more you put in it the more you will get back at the end. So, if you want to have large profits when you decide to sell, pay down some of the principal on your loan during your holding period and count on appreciation as the icing on the cake, simple as that.
Although you as a buyer now have a huge advantage over sellers, I would wait until the end of the year to get just a bit more of an advantage. Every one on the industry knows that towards the end of the year is when sales slow down more compared to any other time of the year, and that could give you more leverage. BUT, you have to keep in mind that you might not have the same amount of inventory available like you may have right now.
Now if you trying to buy an investment. I suggest you do your homework very carefully. There are only a few markets across the us that still have a slow appreciating market and that can provide you with positive cash flow, good break even ratio, and a good cash on cash rate of return.
If you would like to read more about the so called "real estate bubble" go to www.JRealEstate.blogspot.com and click on the link "real estate education" and scroll all the way down. I published that article back in 2005 and it still holds true to this day. Also the new article give you information about appreciation on various markets across the US. |
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Thomas O
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I bought in southern Mass. after a housing crash. I think my house originally sold for $155K in 1987, and I got for $135K in 1991. It took 6-7 years for prices to start going up again. Most of the price appreciation in 16 years happened in about a five-year span that ended a year or so ago. Unless there's a big bubble driven by speculators (which happened in some part of Florida) I think you are more likely to see a modest pullback and a few years of stagnant values. Just think of a house as a place to live, try to not to worry too much about the value from day to day. |
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Pengy
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Lets look at the big picture here. In the last five years housing has been appreciating at double digit rates, the cost of heat, fuel, and taxes have been going up at double digit rates, in respect to gas double the price. Yet wages have remained for the most part stagnant at 2-3%. Costs have gone up dramatically compared to income, add a little interest rate hike and many people who where stretched before are now at they're breaking point, and that can be seen by the amount of forclosures, and homes on the market. Many are now not eligible to purchase homes and supply and demand says if there are more products than people willing or able to buy them the price of said product will come down until it once again reaches a balance. The housing market was fueled by speculators looking for an artificial quick buck, and it worked now as with the tech bubble, a correction is being made. By the Fed dropping the interest rate will not help the millions who are no longer eligible to purchase, or the speculators that are now skitterish of the market. I think this will continue for at least 2-3 years with either no appreciation, or more likely downward pressure until the income vs costs ratio becomes more viable to the consumer |
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Meg...Out of Hybernation
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I also live in South Florida. Currently, the housing market here has taken a hit. The values of homes have dropped (not dramatically) mainly because of a couple of factors here. One major issue that is driving away most buyers is the property tax issue. If they come up with a reasonable solution to that, the market may recover some. If you can afford to, hold on to your townhouse for a while. The market should recover in a few years (although it probably won't be as great as previous years have been). |
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exitbrian.com
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According to one of the leading economists, you can expect a net drop in value this year of 1.3%. Next year you can expect a 3% positive adjustment. This means that right now is the time to buy! |
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Jen S.
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I think it depends on the area your buying in. If it a popular, metropolitan area then I think the prices will continue to either go up a little or remain steady for the next year. I don't expect prices to fall dramatically again....I say buy now while the market still has somewhat reasonable prices. |
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Chris P
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I don't think it will go down dramaticly. Asset prices went up as the dollar lost it's value due to inflation. It's not likely the dollar will re-gain it's previous value. If prices begin to fall dramaticly, the Fed will probably lower rates. |
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satarnag
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If it does drop, it won't drop that low because the replacement cost and inflation have increased dramastically over the years. In the long run, you should be fine.
Regards |
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