 Tenants rights? Do I have any? |
| We live in a ground floor flat of an old house which is all single glazed. We are spending ÂŁ40 a week in Gas (which we simply cannot afford) and we have 2 small children (1 & 2 yrs) who shiver ... |
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 How do you get into rental properties with no money down? |
| I'm trying to get into real estate as a landlord in the Houston area. I have no down payment, but excellent credit. Thanks in advance for your help.... |
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 Landlord wants us out? |
IN NY state.
About 8/7/07, we made a deposit for a rental home with the remaining to be paid Sept 1/07 at which time we would have drawn up the lease . LL give us the keys and told us that we ... |
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 Who do you blame for the sub-prime mortgage crisis? |
| Who is the most to blame for the sub-prime mortgage crisis in America? Do you blame the predatary lenders, irresponsible borrowers, bad economy in certain places, or people who borrowed with ... |
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 Own 2 houses and need to walk away from 2nd one.? |
| Buyer for my 1st house backed out and i cannot do both mortgages. if I move back to 1st house and forclose on 2nd will i lose both even if i have homestead protection on 1st when i move back in. F... |
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 Whens the best time to sell? |
| I bought my home last year for 95,000 for a 3 bed terraced. It needs a bit of work such as double glazing, ect but was still a bargain.The area isnt the best. Is it best to wait, are prices coming ... |
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 How could I find out if I my neighborhood allows me to rent out my house? |
| Hi all - I am considering moving out of my house and renting it out so I can buy another place. However, my house is in an upper class, somewhat exclusive area and I am worried that rentals may be ... |
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 Does a house go up in value faster and higher than a condo? |
| I am considering buying a triplex or a condo. Which is a better investment? From my perspective, the condo is simpler and easier to maintain, but is small. The house is bigger and has more ... |
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 Can I lose my home if my renters do not pay? |
| I have a home which was occupied with renters. They have stopped making payments to me so I fell behind $10K on my mortgage. I've evicted them and now I am facing foreclosure. I have not ... |
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 Is it really too presumptious for me to think I'm going to qualify for a home loan? |
| We recently moved into our dream home and the owner was willing to lease to us until we were ready to buy. Things have changed however; and he's pushing us to buy NOW. My husband and I have both ... |
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 Can my landlord move in to the building I am renting from without telling me? |
| I am currently renting the first floor of a house, and another gentleman is renting the second floor. I have noticed recently that our landlord's vehicle (and her girlfriend's) have been ... |
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 Which mortgage companies will lend 5 times my wage or more? |
I'm in the uk
Additional Details
I'm already paying out the amount i would be repaying on a mortgage 5 times my salary, on an existing mortgage and loans. Equity in my current ... |
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 House repossession? |
| hi, just wondering (on behalf of someone else) if you have a house repo'd and when the mortgage company sell it on and fail to get enough to cover the debt, how many years is the previous owner ... |
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 Renting privately? |
| Has anyone had any good or bad experiences renting through estate agents or private landlords as im thinking of renting privately but not too sure about it? ... |
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 Is it legal for my landlord to select the contractor for repair work on a unit I am renting? |
| Specifically, there's a clause in the lease that says "Any damages caused by tenants shall be repaired by a contractor or craftsperson selected by the owners". Is that legal in C... |
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 Buying a home.. is it legal for realstate agent to say she'll only take cash? ? |
| been approved by the bank for a loan but realstate agent refuses to sell home to us..... |
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mayigniteunderpressu... | If I can't sell my house and I can't afford my mortgage..will the bank kick me out? |
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faunpas
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don't worry I have a place for you if it happens! |
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SCCRealEstateUNCENSORED.com
 |
Sorry to hear you are in this situation but here is article I wrote about Foreclosure. Hope it can help
Avoiding FORECLOSURE
Research released by Realty track shows that there are 70% more foreclosures since last year.
Generally it takes a few months before this happens but there are events that happen that lead up to this ugly ending.
If you are a homeowner that has been late a few times with your mortgage, don’t worry; you will not loose your home that easily. Typically if you are late with a few payments, the lender will contact you and generally if you missed 3 or more payments, your lender will begin to move towards foreclosure. Once the process starts, the time it takes for you to be out on the street depends on each state, which could be from 3 to 10 months. The FHA loans require at least a 6-month period said Brian Montgomery, Assistant Secretary of Housing at the Department of Home and Urban Development (HUD).
To prevent foreclosure on your home, there are many things you can do. First, DO NOT buy-into a dangerous loan that you cannot afford. If you are falling behind on your mortgage payments and the lender contacts you, the WORST thing you can do is ignore their phone calls. Take action by contacting them and letting them know your situation. If you have fallen ill or had a temporary loss of income, you will be amazed how many lenders want to work with you to keep you in that house because foreclosures are very expensive for lenders.
Depending on the lenders, they will either want to restructure the loan or stretch the loan to help you get out of trouble. Lenders would much rather receive their money for the loan then have to go through the process of foreclosure.
And finally if you are in a situation where you can refinance, do it now but don’t make the same mistake twice and get a loan that really fits your financial situation. |
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dougeebear
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Yes, they will probably start foreclosure proceedings. If you can't sell, can you refinance and possibly get a lower rate? Can you move a roommate in to help cut on expenses? |
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Frank Castle
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Yes. |
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leah_ifft@sbcglobal.net
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Talk to a mortgage broker about refinancing before it's too late. Each mortgage late you have lowers your credit score and hurts your chances of being able to benefit from a refinance. Don't wait until you get foreclosure notices to start exploring your options. |
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snvffy
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Probably.
Contact Dave Ramsey at www.daveramsey.com
Read his book and learn how to make money behave.
GOOD LUCK |
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cptindy
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Hey where do ya live i need a place whats the mortgage |
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old lady
|
Unfortunately, that's the way it works. However, you may be able to renegotiate your mortgage. House prices have gone up considerably over the past couple of years, so your house should be worth more now than when you bought it. If you can negotiate a new mortgage against your equity, you might have enough cash to pay off part of the mortgage.
Talk to your bank and see if they can suggest anything. Often they will renegotiate if you have the potential of being able to meet your commitments at some time in the future.
Good luck! |
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ron d
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lease it out, make sure it is enough to cover your mortgage plus $200 |
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satarnag
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Hi,
if you're in Southern California, contact me and I will come over and explain to you what your options are for free. I will need more info, but based on what you stated, I believe you might qualify for a "short sale". It's basically asking the lender to take less than what they are owed so that you can sell the place. You might want to call your lender and tell them that you no longer can afford your mortgage and see if they are willing to refinance you.
Again, contact me and I will come to you free of charge and see what your options are. I am a licensed real estate broker and I am obligated to give you honest, ethical advice or I could lose my license. I am also very knowledgable on all real estate transactions and issues.
Regards,
Satar Naghshineh
satarnag@amirifinancial.com
www.amirifinancial.com |
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class4
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You bet |
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