 I live on disability. How can I find a cheap, safe place to live that will let me live a decent life style? |
| I get just over 1,000.00 a month plus prescriptions and medical. Where and how is the cheapest way to live and still have internet and cable tv? I live in Arkansas. I really need some serious answers.... |
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 Whyyyyyyyyyyyyyyyyyyyyyyy... please me something!? |
| What in the heck is up with property owners starting to rent their homes out to low income renters?! That means I have to pay $1500 a month to stay in a descent area with people who get to enjoy the ... |
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 If you owned a house and lost it to the bank and it sells for more than was owed, are you entitled to any? |
| My exhusband and I bought a house together and both names were on the deed, but only his on the loan. He let it go back and it has sold for $5500.00 more than was owed on it. He claims he is ... |
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 Trying to sell my house, why won't anyone put a bid on it? |
Additional Details
I am in the Northern part of Minnesota, town of about 11,000. There are quite a few house on the market here, none of which have a pending sale, or sold sign on them.... |
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 HELP I'm house sitting? |
| I am house sitting for my manager while she is gone for 14 days. She wants me to take care of her cat and make sure their house isnt broken into, etc. I'm not sure how much she will pay me but I ... |
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 My tenancy is about to expire and the agent told me I cant move out as the others want to stay is this true? |
| I am in a joint short hold tenancy that runs from the 12th of October 06 to the 12th of October 07. I would like to move out on this date but the others wish to stay on. I have been told by the ... |
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 Lying on your mortgage application? |
| I want to lie on a mortgage app and state that I will live in the home when I acutally intend to rehab and sell the home without ever living in it. Yes, I know morally and ethically wrong. But ... |
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 My roommate didnt sign the lease and we want her out how can we legally kick her out? |
| well my roomate didnt sign the lease when she moved in and now we want her out, doesnt she have to sign the lease to have part ownership of the apartment, the management said she has as much right as ... |
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 I'm considering selling our house and renting instead as I think prices are peaking. Is this a sensible move? |
We have equity gained from a repayment mortgage, deposit plus the rise in prices since we bought our flat in SW London 3 years ago.
We want to move to a bigger property but I'm concerned ... |
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 How much does it cost do you know? |
| If I was to build my own house say a 3 bedroom basic house no swimming pools etc just a small 3 bed house how much would it cost me, from start to finish builders, mateirals etc In E... |
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 I need four hundred dollars for my rent in two days can anyone out there offer any help? |
| roomate left, my 14 daughter and i are stuck with bills we will be evicted soon. desperately in need of help!!!!!... |
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 Renter's dilemma...can he evict me? |
| Rent is due on the 15th of every month and should be made by money order and mailed to a p.o box. I mailed my rent payment on the 16th and on Sat. the 25th he comes to my home and gives me a 3 day &... |
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 How does a person with a credit score of 560 get a loan to purchase a home for the first time? |
| My husband and I want to buy a house but our credit is not the best, and we live in Las Vegas, NV. What kind of govenment loans are there for first time buyers with less than perfect credit....anyone?... |
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 On my door tonight I found a notice "Immediate Termination Notice"? |
| Placed on my door while I was sleeping (I work nights) this notice is ordering me to vacate the property because of threatening and intimidating behavior towards management. Mind you I don't see ... |
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 Can someone please explain to me, why a mortgage company would not want to finance a "flipped" home? ? |
| We bought a home as an investment to "flip" and now the buyer's mortgage company is asking why we flipped it and I am wondering what the problem is? They told me the bank does not ... |
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k h | Is it legal to rent a house if you are paying an interest only loan? |
we rent a house and just found out that the owner is on an interest only loan, he just bought it and we are concerned that he has illegally rented it to us. Should we be? and what happens if the loan company finds out, where does that put us? |
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pariswynn
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Sure if you have gone through the proper channels to rent it. |
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KL
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The fact that it's an interest-only loan doesn't matter. Most mortgages have a Demand Feature, which means the mortgage company can make it come due at any time. The question is did he finance it as an investment property or a primary residence... |
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BoomChikkaBoom
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"He can do whatever he wants, as long as he is making his payments. The creative ways he finances his house has nothing to do with your rental agreement."
That is incorrect.
If he signed an occupancy affidavit at the closing, he is committing loan fraud and the lender can call his entire loan due and payable because of this.
On the bright side, the chances of the lender finding out are slim to none.
The fact that the loan is interest only is not the problem. If he obtained the loan under the pretense that the house was to be his primary residence when in fact it was to be investment property, he has committed fraud and lenders take this very seriously. Investment property carries a higher risk, and usually a higher interest rate as well. |
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bostonianinmo
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The source of the owner's financing has nothing to do with your rental agreement with the owner -- nor is it any of your business or concern. The loan company could care less as long as they get their money.
If you have a lease you nothing to worry about even if the property went into foreclosure. The lender would be obligated to honor your lease.
While occupancy statements signed at the time the loan is closed are legal and enforceable, the courts generally do not hold them enforceable for long periods of time. People do legitimately decide to move or are forced by circumstances to move, i.e., job transfer, etc. And sometimes this happens very shortly after closing on a loan. As long as the owner entered into the transaction in good faith at the time the agreement was executed there is nothing to say that he can't change his mind even a week after closing. I did an FHA re-fi on a loan back in 1994 and about 3 days after we closed I got a short-notice job move. Neither the lender nor HUD had a problem with converting the property to a rental just a couple of weeks after closing. |
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Wise ol' owl
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The type of loan that a person has is not the indicator on whether or not he is able to rent or sublet his property. If you are a tenant of his, you should have a contract. It will state the terms and more likely than not, tell you that you can not sublet.
The loan company wants a check every month. As long as he is doing that, then they won't bother either of you, and have no right to bother you unless they are foreclosing on the property. |
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business creature
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dont warrey its fine and no its not illegal. |
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Blunt Honesty
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Unless the loan requires that he live in it, there shouldn't be an issue. There is really no way for you to find that information out. If you were to be thrown out for that reason, I would sue him, if I were you. If you are that worried about it, move. |
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jonathan s
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you should just pay your rent and let the owner pay his monthly mortgage and take a big chill pill!!!!!!!!!!!!!!!! |
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Lisa
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It's his house. It doesn't matter what he does or doesn't owe,he's entitled to rent it out for whatever amount he wants. |
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dik
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He can do whatever he wants, as long as he is making his payments. The creative ways he finances his house has nothing to do with your rental agreement. |
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noneofyourbizwax
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No, that isn't illegal. The only homes that you aren't supposed to "rent out" is a HUD home that the owner buys and it is limited to owner occupancy. That means only the owner can live in that residence with his family. An interest only loan is usually a conventional loan. Most of the time the reason the buyer gets an interest only mortgage is because the can qualify for more home but there will likely be a time when he owes a balloon payment (bug lump sum of money). Don't worry you don't have to stressing over staying in that house. |
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Rockstar
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It's legal, but legally, he is responsible for everythign the tenants do, and should he not be paying the loan, the bank can take the house from you with 30 days notice. You are not liable in the case of his renting you the house. If there is a contract that states that he is not to rent the house, then he is in violation, but again you aren't liable. You just might have to move out. I would contact the bank he uses and ask them questions, not using names or addresses. |
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