 How much should I offer on a home that costs $179,900? |
| It is a nice ranch, 1296 sq. ft. and I absolutely love it. The problem is it is a little out of our price range. I was thinking of offering 135,000 to give me some room to go to 140,000. Is this ... |
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 How to divide rent between 3 people in a 2 bedroom home when 2 of the tennants are couples.? |
| So I'm living with my boyfriend and we're going to college. Recently we found out that his niece is transfering to the college we are going to so his parents want her to live with us. I�... |
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 Can I kick someone out if they pay rent and receive mail but are not on the lease.? |
| When I moved into my place I had a friend with family & personal problems. I offered to let her stay with me but she would have to help out with rent. There never was an agreement on how long ... |
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 What's the best attitude when buying a house? |
| I'm 24. I have my credit approved to buy a house. I feel so lucky the second real state agent I went to was very nice, explained everything, and offfered me a deal that was more than what I ... |
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 Real estate question? |
| I'm intending to be a first time home buyer with my husband. If a home is listed at say $2,100, even after I've made the search specifically for PURCHASING a home, does this number ... |
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 I need some ideas of a new filing system to log whenever each renter pays their rent, ours is very outdated.? |
| Our office has over 200 rental properties. We currently have folders set up for EACH renter and when they pay their rent, we have a copy of the receipt and we put it in the folder and mark on the ... |
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 We have a teneant that smokes. We have asked many times for them to stop.? |
| The smoke travels trough the walls and affects others. They are on a month to month lease. Is there anything we can do to make them stop smoking in the apt?.... |
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 Mortgages for 5 times your annual salary. A good idea or not? |
Yesterday either Abbey or HSBC (I think it was Abbey) decided to let first time buyers borrow 5 times their annual salary to get the bottom end of the market going again.
Are they mental ... |
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 Can my landlord throw my boyfriend out because hes not on my lease? |
| My boyfriend and his dog moved in with me and my landlord is threatening to throw us all out. My rent is paid on time and I dont see what the big deal is. Pets are allowed but he says my lease ... |
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 Has anyone got something nice to say about UK. estate agents? |
If so I'd like to hear it please, good experiences only!
Additional Details
Mmm not looking good this, come on someone must have something genuinely nice to say!... |
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 My husband and I have been living rent-free in a house owned by my parents for the last 10 years.? |
Will having no rental history affect our ability to get a loan to purchase a home?
Additional Details
Unfortunately, we do not have a huge down payment. The house is in a very rural area ... |
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| My landlord won't give my bond back - what do i do? |
| i moved into a flat and signed a one month rolling contract. i briefly said in an emial to th manager of the property that 'at this stage i think i will stay around 3 -6 months' as she ... |
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| First Time Home Buyer in NY w/ bad credit but large down payment needs help!!!? |
| my fiance and I are first time homebuyers with horrible credit (me=555, he=559). We like a house and the asking price is $89,000. We have $20,000 for a down payment. We have a combined income of $6... |
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 What are the risks of paying a lot of rent in advance? |
| I work in temporary employment, so a prospective landlord for a London rental property has asked if I can pay 6 months rent in advance. This means that I won't need to pay rent again for ... |
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 If someone swears/signs an affadavit in front of a notary and lies, is it perjury? |
Just found out that my husband took a line of credit against our home to buy land in the country without disclosing our marriage to the lender.
Even though my name is not on the title to ... |
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 How long after my house has been repossessed will i get my money? |
does anybody know how long it will be after my house has been repossessed i will receive my money for it
Additional Details
no my house is getting repossessed and it is selling or more ... |
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skeeziks | If a person has 2 homes and one is foreclosed on, how does that affect the other home? |
My fiance' owns a home she rents out. She and I purchased a home a few months ago. Her renters have lost their jobs and can't pay rent and the rental market is bad. If my fiance' lets her rental house go into foreclosure, will / how will that affect our home we just purchased, which is our primary residence? Can she let the rental go into foreclosure without jeopardizing the home we live in now? |
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Angel
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nothing really, but! the homes on the same street where his foreclosure will lose some value |
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Sahara
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It shouldn't affect the current mortgage. It will be an issue if and when it is refinanced. It may affect it if there is a provision (check mortgage loan documents) for it in the current mortgage with respect to the other property. |
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Mustbe
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It should not effect in any way unless
it is on the note with one that is being foreclosed on.
Tip: It takes so long for a foreclosure
try to make a fast sale. |
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Alterfemego
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The lenders could put a lien on the home you are occupying. The could put a personal judgement against her. There are any number of things a lender can do. The question is will they in this market.
I suggest you put the house up for sale right away, at a price to make it move! |
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tone
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The home you live in will not be jeopardized.....however, talk to the bank, look for new renters, there are ways to avoid foreclosure.........look to refinance that home so that it can be rented. Or take a loss every month and finacee pay differnece between rent and mortgage...........Or sell the house and get out from under it. |
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godged
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Why doesn't she try selling the home rather than trashing her credit in foreclosure? Even if she has to do a short sale, that is better than foreclosing!
Some states allow deficiency judgments, and a lender could put a lien against your house. |
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Carol
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If I were you, I'd try to find a better option than intentionally allowing the other house go into foreclosure. Even selling it at a loss would be better. If she has owned the house for a while, she may have some equity built up. To simply let it go into foreclosure, would cause her to lose that equity. It might be best to consult with the bank she has the loan through. They may have some suggestions that will allow her to refinance the loan. If it did foreclose and the bank lost money on it, then they might be coming after her for their losses. Your interest rate on the mortgage for the house you live in would not go up (if you have a fixed rate) because you locked in the interest rate when you got your loan. However, your credit ratings would be adversely affected. Don't just sit back and allow the loan to default. Get busy and find a way to avoid it. Good luck! |
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lm050254
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It won't affect the house you just purchased. It will affect her personal credit record. She can rent the house to other people even if the rental market is bad still there are people looking to rent. Is better to take a cut in the rent price than take a foreclosure. |
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oddcat1978
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As long as you pay the mortgage you want to keep you'll be fine. |
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Tara
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If each home has it's own individual financing/contracts - then it should not be affected.
One financial contract has nothing to do with the other if they are not tied into each other on some level.
However - "Judgements" for monies owed do exist. Lots of creditors do check out the holdings, and they do put Judgements against the people who owe them money. So - your fiance could possibly have a Judgement put against her - which would affect her part in the house you and she purchased together. Maybe you should check into having the house put in your name only. Or - maybe she could find other renters and not let the rent house go into foreclosurer. This may, or may not, happen. |
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crymeariver
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It may raise her interest rate. |
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SuperCactus
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The foreclosure will ruin your credit, but it will have no affect on your other home. The mortgage you can't pay was secured by that home only.
Depending upon the laws in your state.... when the home is sold at the foreclosure auction and it does not sell for enough money to pay off what is owed to the lender, the lender could seek a deficiency judgment against you the for the rest of the money. That's not possible in every state. |
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pepper
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the mortgage holder on the foreclosed home may put a lean on ur 2nd home until debt is payed. why not evict and re rent even if u have to rent 4 less i would try not to foreclose. good luck |
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