 REaltors what is the possibility of the Bank accepting this offer,? |
house was listed april 4th for 179,000
reduced to 171,900
then reduced on 5-21-2010 to 166,900
I offered 150,000 cash.
supposedly there are no other ... |
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 What's the best way for me to find a place to live in this situation? |
I'm 17. In January, I turn 18 and I need to move out of my parent's house then. The thing is that for Fall 2011, I'll be moving to a dorm rooom at university (in the same state).
<... |
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 How to kick renters out in Texas when there's no lease in place? |
| Renters have been living in the house for several years, but we're selling our home and wanting to move back into our rent house (as our primary residence). There hasn't been a lease in ... |
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 My grandmother's care home has asked for top-up fees. What are my rights? |
| The local authority have refused to pay the increase requested by the care home. The owners are now trying to pass on this increase to the family in the form of top-up fees. We have previously paid ... |
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 What if i stop paying on my house and...? |
| If i just stop paying my mortgage, then it goes into forclosure, would it be possible to have a relative buy it back for me (presumably a lower price)? Is there any legal issues that i should be ... |
|
 Does anyone know if there are any types of first time home buyer loans out there to repair houses? |
| We're looking to buy a home that needs some work. We were wondering if there were any types of loans out there that would allow us extra $ to fix it up. We know about rural housing already, but ... |
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 Verbal rent agreement for lease length? |
Hi,
Basically i am in my first year of uni and applied for accomodation to late and ended up having to find a house at the last minute. I ended up in a house that i hadn't seen, and it'... |
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 Breaking out of our tenancy agreement? |
| My partner and I have lived in a self-contained flat since July 2009. Our landlady, while pleasant and generally cooperative, has been somewhat unreliable - she has often stated she will do things ... |
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 I need help BADLY! Please...won't someone help me? Please? |
| I have brought this question here to Y!A a couple of times before but apparently no one knows any more than I do. So from making at least ten calls per day to anywhere and everywhere (working in the ... |
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 I got a notice to vacate my apartment. Help? |
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 Already moved out and have deposit back? |
| I rented an apartment that was in pretty bad shape last year because I needed a place that would allow my dog. This year once my lease was up I was thrilled to move out. The landlord lives a few ... |
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 should renters be ware if owner is going through loan modification? |
| me and a friend want to rent a house.....all this is being done through the internet via e-mail. he lives out of town and he says hes going through a loan modification. is there any way to know if he ... |
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 What happens when you have an accepted off on a house and the house is AS IS and it needs repairs? |
| We are buying a house and we have an accepted offer. It is "78,500 seller pays up to 3% at closing and the house is AS IS condition". Upon inspection we found that the boiler has 2 leaks. ... |
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 Can my flatmate charge me any rent as high as he wishes to? |
| I live in a suburb in sydney. I live in a 2 bedroom flat and share a room with another guy. The guy who owns the lease for the apartment lives in the other room. He charges us two guys rent that is ... |
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| Landlord require SSN to change utility bills' name? |
| Did we have to change the utility bill name ourselves? cause i gave my landlord the social security number,which he said it requires to change the name on utility. He said he changed the name already.... |
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 Do they have to buy since they put an offer in and it was accepted? |
| Do the buyers of our home have to get it since they accepted our counter offer? Im just so worried that they will end up backing out at the end. So as long as the inspection and appraisal comes ... |
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 With HOA fees how often do they go up? |
| I am interested in buying a house that has HOA fees I have heard the good and the bad on HOA fees. Does any one know anything that may help me? How often do they go up? What are the restrictions of ... |
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 West Chester PA property taxes? |
how would property taxes be on a $400,000 house in West Chester PA ?
Additional Details
*how MUCH would they be?... |
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Emma | Is it fair for me to have to fill out a rent book for a mortgage ill be paying half of? |
My partner and i are looking to move in together, however we do not have the money for a mortgage right now (deposit),his mother is going to lend us 60k. We are looking for a 120k house. Then we will only need to pay a 60k mortgage over 15 years and then pay his mother back 50% of whatever the value of the house is at the time.
We will be sharing all costs 50/50. My partner wants the house is his and his mums name. He says once we have paid off the 60k mortgage and his mum then he will transfer his mums name to mine on the papers.The only problem is my partner wants me to fill out a rent book each month. Which i think is unfair seeing as i will be paying half the mortgage?
I am a little concerned, as i am not sure where i stand legally with this, surely if we split before the mortgage is paid off then i end up with nothing?
Can anyone help!
Emma xx
Additional Details
Thanks for your reply, we have spoken about it and he said he is only protecting his mothers money. When i ask why my name cannot be on the mortgage he says that a mortage cannot go 50,25,25.(;percent). Im guessing that by filling out a rent book, legally it would jus tmake me a tenant, regardless if i have been paying half! |
 |
 
maca
|
you are correct in thinking you should be concerned, your best idea will be to get some legal advice as your partner sounds like he is trying to take you to the cleaners and you could very well end up with nothing especially if you have nothing in a legal manner. and if he starts moaning that you distrust him then you could also say the same to him |
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WelshLad
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"My partner wants the house is his and his mums name. He says once we have paid off the 60k mortgage and his mum then he will transfer his mums name to mine on the papers.The only problem is my partner wants me to fill out a rent book each month. Which i think is unfair seeing as i will be paying half the mortgage?"
Very bad idea.
Get your name on both mortgage and deeds. |
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Rebecca
 |
VERY smart partner and probably the exact advice an Atty would give him. Are YOU putting any money into the transaction?
Technically you are just a tenant and this is the advice I would certainly give him/her. You could walk away with an ownership in the house without putting a dime into it, until you do. |
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Kernow Lady
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A clever move on his part. By having a rent book you will be his tenant. If you split up you will have no recourse to the house, you will end up with nothing. UK. |
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mαskєd lαndlσrd
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In England/Wales, you wouldn't even be a tenant - when the landlord (BF) lives in the same property you can only be an excluded occupier - with virtually no rights.
You need to get your own solicitor to protect your interests.
With regard to 'getting nothing' if you split, that is not technically true because you will have had X years of housing for an amount (50% of a reduced mortgage) considerably less than a commercial rent agreement.
A rent book proves nothing - most tenancies don't need them in law (although, as I said, this wouldn't be a tenancy). |
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Cala
 |
If you have a rent book then you are, in effect, stating that you aren't a part-owner of the property and are signing away your rights to any property settlement if you split up. Legally a common law wife has very little recourse anyway when it comes to claiming a share of a property - if you agree to the rent book idea then you have absolutely no recourse at all. I don't like the idea! You will be paying off part of his mortgage but would never be a part-owner.
Wherever you live you would have to pay something towards rent or a mortgage, but I dislike the idea that you are paying rent and will have nothing to show for it at a later date, whilst he is using your money to invest in a property that could prove to be a good investment for him in the future.
If he is fair then the best way do do this would surely be to either put your name on the mortgage as a part-owner (I'm sure this would be possible, despite what your partner says) or to have some sort of legal document drawn up to confirm that you are part owner.
The more I think about this, the worse it becomes! I hate to say this, but I feel that he is (at best) covering his own back or (at worst) taking you for a ride! He isn't just protecting his Mother's money - he is protecting his money too and making damned sure that you are paying towards something that you will never have a share of. If he won't go and see a solicitor, with you, then I'm sorry but I wouldn't be going to live with him. Make him prove that he isn't manipulating you into investing your money in him! |
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