 Me and my boyfriend want to get a morgage loan to buy a hose but think we cant afford paying loan back.? |
| how much do u think it would be for the cheapest two bedroom house in surrey coz then i have to divide it by twenty five as thats how many years it takes to pay it ... |
|
 Is a landlord allowed to? |
put spy equipment in your home ... ?
open your doors when you are out ?... |
|
 Is my old Landlord abusing my security deposit? |
| I need good answers please! I left the apartment spotless. I had the carpets professionally cleaned. I gave the proper 30 day notice. Before I moved in the apartment, my bathtub was missing a drain ... |
|
 Missed 3 months of rent on my apartment with no lease? |
| My friend signed a lease when he moved into his apartment. But the lease expired about 1 year ago he is still in the apartment but missed paying the last 3 months for rent Aug Sept Oct. He owes $3,60... |
|
 How many weeks would you give an estate agent to sell your house? |
| I am looking to sell my house and have spoken to a few estate agents. They would all like to try and sell the house on an 'exclusive' basis, which in principle I am fine with. If I just ... |
|
 What do you do when you own a house with someone and they refuse to sell? |
He can't afford to buy my half of it, but refuses to sell. Help!
Additional Details
He's a nightmare personality, and an addict. I need to cut these financial ties, and feel ... |
|
 Awful tenants: what can I do? |
| Today is Jan 27, our tenant's rent is due by Feb. 1 (but they never pay on time) I want to update/change a few things in the lease ASAP. Can I change the lease at any time and have them sign it ... |
|
 When renting an apartment. what are the major cost? |
| other than the rent, food, utilities. what other thing would i have to spend money on to live on my own?... |
|
 When buying a home, what is an acceptable offer to make in comparison to the asking price? |
| Say, the seller is asking $150,000 for their home. Would it be alright to offer $140,000, lower or higher?... |
|
 Buying a New House!!! Important Questions to ask?!? |
the house was built in 1920.
it has 4 bedrooms
***
Last year New Roof was put on, New Siding, New Windows and Furnace..New Cabinets and New Bathroom Fixtures.
New Carpet in L... |
|
 Renters Question: I've been in this apartment going on three years...? |
| The first year I signed a one year lease. At renewals, since then, the management leaves a statement on my door how much rent will be increased. I pay the increase but have never signed another lease.... |
|
 What would a million dollars for a house buy in your area? |
| in mine it would buy a four bedroom two story home with three and a half baths built 15 yrs ago on an acre or so. hbu?... |
|
 Terrible landlord. I am moving and want out of my lease. Afraid of eviction? |
| I live in Georgia. I am pretty well versed on eviction in Georgia. I am moving to Alabama. My lease is not up till next July and I am not willing to wait. I live in a badly run complex and my ... |
|
 How did people have homes before banks invented mortgages for the sake of profit? |
| With a mortgage you don't even own the house until 30 years later after you make all the principal and interest payments which means you end up paying double the original purchase price. There ... |
|
|  |
andyaterie | Is it better to sell your house and hope to break even, or stop making payments and give it back to the bank ? |
Is being forclosed all that bad if you can't sell a house for more than you owe on it???? Thanks. |
 |
 
Bman
 |
How much is it worth and how much do you owe? Maybe I'll buy it! |
|
jennifer f
|
yes its better to sell the house than stop paying it because it ruins your credit |
|
fantabu1ous
|
That is a question being asked in many homes at this time. I have heard that things as we knew them will never be the same. A slow turn around with an even slower increase in home value is expected. With so many people losing their jobs, so many banks closing their doors and so many of the things we took for granted are now shocking us into this new reality.
Before you walk, have a contingency plan. make sure you have another roof over your head before you leave the one you have now behind at least try and renegotiate with your bank.
Pride and sentiment have no place in our lives right now we are in damage control.
|
|
?
|
sell it. ask a realtor who is versed on "short sales" but it is so hard to sell right now. Otherwise, it will take so long to fix your credit. |
|
mister ed
 |
break even -- or take a loss --- at least you record stays intact!!! |
|
☼AstrologerJuliAnne☼
 |
Do you want to stay in the house? Have you tried to get a loan modification? Have you considered a short sale? The bank has to agree to the amount in the short sale, but it is another way to get out from under a house you cannot pay for. A foreclosure is not going to be pretty on your credit report, but as others have said here, if your credit is in the tank right now anyways, it might just be a choice you make to walk away from your house. Here is a forum that you might like to read, it deals with Foreclosures, Loan Mods etc. There are a lot of people in your shoes and you may be able to get help here or learn of some options you haven't thought of! Take care!
http://www.loansafe.org/forum |
|
shoestring_louise
 |
If you give up the house and the bank sells it, I believe they can come back at you for any deficit between what they sell the house for and the amount you owe them.
I recommend you talk to a bankruptcy lawyer in your state. |
|
friedb95
 |
Yes because it will preserve your credit and make it easier for you to finance cars and homes you want to buy in the future. |
|
We are all screwed
|
sell it before forclosure |
|
satarnag01
|
To preserve your credit is to sell it and pay the difference out of your pocket. If that fails, then a short sale. Deed in lieu and foreclosure are bad options.
See if you can apply for the new FHA loans for people facing foreclosure. If that fails, then look into doing a loan modification.
Good Luck |
|
Jim U
|
The rumors are that selling your property, even as a short sale(for less than you owe) is better for your credit report then forclosure because a short sale shows on your credit as an account paid for less than agreed, but paid as oppossed to a forclosure. Have you considered a loan modification?
I just got a reduction for a client in her payment from $3800 per month to $2200!! She can now stay in her home!!
privatemoneyjim@yahoo.com |
|
godged
|
You are not giving it back to the bank, it is a foreclosure. If your credit already stinks, the foreclosure might not effect your credit score drastically. But you certainly aren't buying anything on credit for awhile, and you are going to pay more for everything based on credit score.
Try selling the home, or ask your lender if they would consider a short sale. |
|
Lulus Momma
|
You have a few options. You can foreclose. You can short sale (might not be able to do it if the congress passes this rescue bill) or you can do a deed in leiu. The DIL will ping your credit but not as bad as a foreclosure.
Also - in over half the states the bank can't come after you for the deficiency. Check you state statues. Like in Iowa - if your house is worth 200 and it forecloses and they sell it for 150K you don't owe them 50 K. What happens is they send you a 1099 at the end of the year and you are liable for the taxes on the 50K because it is assumed the 50K was 'income'.
In texas and florida they don't come after you for deficiencies at all typically. but they do have X number of years if they want to . |
|
logan
|
depends on a lot of things. is your credit salvageable? if it is, then sell it. if it's too far gone, give it to the bank. think about how what you do now affects your credit in the future. |
|
callmemimi f
 |
even if you sell at a loss you can at elast pay it off and buy another house. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
15 | 29 minutes(s) ago
| | | |
10 | 32 minutes(s) ago
| | | |
15 | 34 minutes(s) ago
| | | |
15 | 56 minutes(s) ago
| | | |
13 | 2 hour(s) ago
| | | |
15 | 3 hour(s) ago
| | | |
14 | 5 hour(s) ago
| | | |
14 | 8 hour(s) ago
| | | |
14 | 11 hour(s) ago
| | | |
14 | 1 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
