 I want to buy a house,and i am paying off debt.Should i close credit accounts or leave them open? |
Specifically i am talking about credit card accounts. I opened up accounts to bulid credit,and now i am paying them down. Im looking at about a 1 year timeframe.
Should i leave the accounts ... |
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 Want to help my brohter pay his mortage.? |
hi,
I live with my older brother in his house for free. Now I graduate from school and have a job nearby. I may still stay in his house for a while, but since I already have a job, I figured I ... |
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 What are the laws regarding what my old apt. complex can charge me for replacing my carpet? |
| There was some damage in the bath and it was noted in my move out. She said she was going to get her carpet guy to quote it for repair. (I had the carpets cleaned the day before my final walkthru). N... |
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 Is is rude to request to not ride with realtor while looking at homes? |
| Husband and I are driving 3 hours away to look at some homes soon and the realtor wants us to ride with herin her car. The rpoblem is-We have done this before and we cant really tell how we really ... |
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 Why won't my house sell (asked before but with more info this time)? |
Okay, I asked this question earlier but evidently didn't share enough specific information.
My dilemma: my house has been on the market for 13 months. I have lowered the price ... |
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 Can I move the right of way to my neighbors house? |
| There is an existing right of way to my neighbors house directly behind my house. I want to put a nice new driveway in that will connect the main road to their house but not go directly by my home. ( ... |
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 My husbands mom passed away and he wants to sell her house ...? |
| she had alot of financial troubles how can we find if there are any liens on the property?... |
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 What's the best company to get a mortgage loan from these days? |
Additional Details
Thank you everyone for answering, I don't have a great credit score we could say that is slightly low.... |
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 Apartment question? |
I make $1600 a month. Could I afford a decent apartment on my own?
Additional Details
I live near Philly. I'd be willing to live in either the surrounding suburbs or in the city.... |
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 Can a mortgage company close on my loan even if I'm making the payment obligations? |
| If the worst happens (i.e. panic, stock market crashes, all banks go under), is there any scenario in which the company that owns my mortgage could close on my loan even though i'm making the ... |
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 I bought a house with my boyfriend and both of our names are on the mortgage.? |
| If we ever break up how do we handle the situation with the house. Do we have to sell or is there options for one to keep the house and the other have their name taken off the mortgage.... |
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 Can a renter refuse to give me access to show my property ?? |
| My old renter is leaving my home and I have new renters that want to look at the property. I called my old renters and asked if It would be O.K to show the property and she refused. I dont know my ... |
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| If you rent out a house does the renter need to know how much the morgage actually is? |
Additional Details
Not what they will be paying but how much you are paying for the actual morgage or can you hike the price a bit without telling them?... |
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soxwrong | Inspection report was not good...am I obligated to buy the home? |
This is my 1st time buying a house. The inspection results were not good...black mold, termites inside & out, incorrect electrical wiring, evidence of flooding in the basement, the balconey was installed incorrectly & is unstable, ect. I am very turned off after the report. The realtor said the owner will make all repairs. The owner is a little shady (example: tried to hide loose termit infested floorboards with furniture. Also installed the faulty balconey and incorrect electrical work. Realtor said the owner uses space heaters because it's cheaper, but through the inspection we learned the furnace was cracked and could be leaking carbon monoxide, ect). I don't trust he will do a good job with the repairs and we can't afford to do them ourselves.
The realtor, who is friends with the owner, acts like we are stuck with this house, because we signed the bid contract and the owner is willing to make repairs. Is this true, or is there a way out? |
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KConsults
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Read your purchase agreement. You should have an inspection period for property condition and title issues unless you waived those rights.
If your inspection period has not expired, you should be able to cancel the contract.
If you are in California, shoot me an email, I might be able to help.
If you do not have your own agent, call the title or escrow officer and ask them about your time periods for performance. They are usually pretty familiar with the purchase contract forms. They should have a copy of the contract and be able to look it up for you.
If your inspection periods have expired. You might be able to get out if you still have a financing contingency period.
I hope this helps. Good luck. |
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nicolehope
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NO! I remember asking my realtor the same question. He said that we are not obligated to buy. That's why they do the inspection...to see what's wrong and see if you still want it after knowing what's wrong.
By the way, get another realtor PRONTO! |
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dancing11freak
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Your earnest money agreement should clearly state that purchase is pending an inspection report. Read the agreement, and if you don't understand it seek another realtor. Which in this case sounds like the realtor isn't acting in your best interest and is unethical. Most realtors would be happy to answer your questions. |
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whm
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Do you have your own realtor or are you trying to use the sellers realtor? If you are talking to the sellers realtor, you need to get your own realtor!
I'd back out of the deal... and you can do that if within certain timeframe, usually about 2 weeks and pending inspection reports. Believe me, for all the things the home inspector finds.. in their quick inspection, they don't find everything... and there will still be stuff needing repair. And if the owners let the house get that bad without doing repairs... there will be other stuff that needs to be fixed. |
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mycornerofbrickheaven
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It totally depends on how the contract is worded. If the inspection clause states that you will accept the property if the Seller does all needed repairs then you're stuck.
My best advice is to have an attorney look over the contract as it sounds like you won't get an accurate picture from the REALTOR. In the future, never use the Seller's Agent, get your own Buyer's Agent. |
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sjwhvac
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Hopefully your contract say's " SUBJECT TO INSPECTION"
Bad inspection report, you are done with that home. No worries. |
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NoLifeSigns
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You should always allow yourself the right to not execute a contract by covering it with a hand written clause. Anything on a contract that is hand written is legally considered to supersede whatever is printed or typed, it clearly having been added right at the last.
You can when you sign, always add an out clause that says that the contract has to be reviewed and accepted by your attorney. Anything that is out of place on deal that you feel isn't properly addressed, can be reason to execute the out clause, and you just tell your attorney that you don't want to complete the transaction, and he will reject to deal, in your behalf.
In this current case if you don't have some conditional out clause you may be stuck, if he does the repairs, and a subsequent inspection OKs the repairs.
Also, remember, the agent isn't being paid by you, and isn't working for you. He is being paid by the seller and works for him. Anything he says should be viewed in that light. |
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Dogzilla
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You are NOT stuck with the house, and I would definitely back out. It all depends on how the wording was listed in the offer as to whether you will get back your deposit, but there is no way that they can force you to complete the sale. Just threaten to get a lawyer (find out the name of the meanest one in town) and they should back right off.
Inform them immediately....in writing....that you have been dissatisfied, due to the inspection. Trust me...you do NOT want a house that is eat up with termites. |
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markfedorov
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Your bid contract SHOULD have a clause about passing an home inspection before the deal is final. Read the contract, it should be there next to the clause about the wood boring insect inspection (mind you I only know about these things in the mid-Atlantic states).
If you have the clause, you have to inform the seller and their agent that you are backing out and that they have to return your deposit to you.
You may only have a certainer number of days after you found out about the problems to tell the seller...check the contract... also do EVERYTHING in writing...
FYI: the best advice in the world is when you are buying a property, spent the $500 to have a lawyer review all the papers for you
luck |
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Judge Judy of Y/A
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No, you're not committed to buying the house until after the feasibility period has expired. Usually you have your inspection done before the feasibility period has expired so that you can cancel the contract if you want to. |
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stephbrown2005
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NO NO NO!!! It's a really good thing you had the inspection. I live in Missouri, so I don't know if they are the same, but after you put your earnest deposit down, you have 10 days to be able to get that back and not buy it. You are NEVER obligated to buy the home EVER... |
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