 Where can I find out if a house that I like to buy has a clear tittle? |
The house is listed in realtor.com it is sitting on a lot of 20 acres or more the price looks to sweet and my fear is to travel see it, buy it, and later found out it has a lean or worst...
Is ... |
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 Builders are supposed to be concentrating on affordable housing, are they not? |
| Just down the roar from my house 45 new houses have just been 'slung' up, Prices range from £367,000. to £450,000, wages in our rural area £20,000 to £22,000. which means youngsters ... |
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 Does my sister have a right to the home? |
| I have a house that my sister and I are on title. She has not made a mortgage or tax payment for the length of ownership. My name is on the loan alone. Now she is claiming that it is her house ... |
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 Why are the interest rates on home mortgages higher for African Americans? |
| I am interested in refianancing my home and getting a new one in the near future but i dont want to be ripped off because of my skin color.... |
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 Can a new home buyer put zero cash down for a home? |
| putting zero down on a house and paying back a ... |
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 IF I PAY my RENT can i STAY ????????? PLEASE HELP? |
| im late on my rent it was due dec 15th and tomorrow it will be due again i will be able to pay both months the last day of jan even if the eviction process gets started between now and then what are ... |
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 Where can I find a sub-prime mortgage? |
| I already know about Qucken Loans. I live In Indiana.... |
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 How can I sell my home for less? |
| Due to an unforseen job relocate, we have to sell our home. Problem is the feedback I recieved on the realtor caravan is that we over-priced. I am not looking to make a dime. I just need to sell the ... |
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| Can a landlord charge a renter this???/? |
| I am on a month to month for $1310.00 a month. The place sold to a new owner and now they are charging $1395.00 plus an additional $100 per month admin fee for being month-to-month, as well as, a pet ... |
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 Apartment complex/ town homes that do not allow residents with children? |
Has anyone ever heard of anything like this? And if so, how could I find one?
Additional Details
I am sure some people will be really offended by this, but I just personally do not like ... |
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 If you own land does that mean you own it till the center of the earth? |
| So lets say you have a piece of land, so its yours right everything that connects to it within the radius of you deed or what ever but the deed does not specify underground i mean technically its ... |
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| Question about Landlord.? |
| I rent an apartment and I cannot get hold of my landlord her phone number has been disconnected and a couple days ago someone came and took the dumpster from out back so now i don't have ... |
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 Moving home - get packers in or pack ourselves? |
| My boyfriend and I are moving into a new flat in one week. I would rather pack ourselves because it saves money, means we can have things exactly where we want them and will make moving day a bit ... |
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 I'm a first time home buyer and I just wanted to know if the price in this listing is? |
What I would pay for a monthy RENT or how much the house actually cost (which probably would be too good to be true).
http://realestate.yahoo.... |
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 Who pays fire and liability insurance, the landlord or the tenant? |
| I am renting 2/3 of a building for my small business. The building is being sold. My new landlord is insisting that I pay the fire and casualty, and liability insurance for the building with extra ... |
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benjamin s | If a property sale is $224,000, and is appraised at $230,000, what does that mean for the buyer? |
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mcmufin
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Nothing. the sales price is the sales price. The $6,000.00 appraisal over sales price is meaningless. Equity is the value of the home minus the outstanding mortgage. When the house was sold for $224,000.00, that amount became the value, not the appraisal amount. |
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May I help You?
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Nothing,
you may have a good deal.
GOD bless us always.
MBa-Boston Uiv. |
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Boo Too
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This means the buyer is paying a fair market price for the property. |
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Alletery
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If a house can't sell at the appraised price, it is worthless to the seller. Buying it may be a bargain in the present but it is the future you should be more worried about. Can you sell it at a profit later on?
Also, if the CITY agrees with the appraised price often known as the "assessment," then you will be paying taxes on a $230,000 dwelling not $224,000. This means more property tax! |
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natureguy2
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Probably nothing. Usually real estate agents use appraisers who will provide an appraisal high enough to close the sale. All it means is that you will get the loan based on the appraisal- not that the property is really worth it.
Go to the assessors office with houses that seem similar and see what they are appraised for. Beware- there is a lot of real estate fraud- and the bubble is starting to burst. Don't get taken. |
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Victor B
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A property that appraised for more than the selling price helps because there is an extra six thousand dollars of equity in the property as soon as it closes. It could possible reduce the down payment required but thats not a plus in reality (if you cannot afford the down payment you should be looking at cheaper propertys). When it comes time to sell at a later date thats more money left when the mortgage is paid off. |
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rtharp8
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he's got $6,000 equity to start |
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Ferret Mom in MO
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It means that they lender could consider them to already have $6000.00 in equity in the property. So if they wanted to stay under 80% LTV they would only have to put down $40,000 instead of 46,000. But alot of lenders will just ignore the higher appraisal and have it for the purchase amount, figuring that is a true price/ value. So in that case it doesn't mean that much unless you can get someone to write you a check for the higher amount. However, if it is say a family deal then the lender would use the higher value and call the 6000.00, gift equity. |
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Chuck
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For the buyer it means that he (she) can go forward with the deal. If the appraisal had come in low, then the buyer would probably have a problem getting the financing. The appraisal is just an opinion of the value of he house. It has no effect on the assessment, which is what property taxes are based on. |
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kokopelli
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Appraisals are nothing but educated guesses. It means the buyer is probably not overpaying for the property. It also means the lender will not come back to the buyer and reduce the maximum loan amount. |
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