 What is a foreclosed home? |
Why are foreclosed homes so cheap and is the price they have listed really what they are selling it for or is there a catch?
If you can send me web-sites that explain everything that would be ... |
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 My parents are victims of predatory lending. What can we do now? |
| My mom attempted to get a loan to refinance her house through beneficial lending. She had no knowledge of the mortgage business and trusted this mortgage broker to help her. My mom is very trusting ... |
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 Should I accept a low bid on my house? |
| An offer has been made for $10,000 less than what I bought my house for. In the Michigan economy, this is not suprising. If I take it, I will break even on what I owe, but have to pay the realtor fee ... |
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 Is it possible to surrender your property to the mortgage company? |
| I'm from the UK. I would like to move quickly, but can't sell my house in time. One option is to surrender the property. Is this possible or legal?... |
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 Where is the best place to live in the U.S.? |
| I want a simple life, with low cost living. Right now my rent is about 40 percent of my income.... |
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 Can my boyfriend of 2 years kick me out of his house with no notice? |
He owns the house and pays utilities. I buy food and some supplies for the house.
First i came home one night and he locked me out. I had to find a place to stay for the night. We spent 2 weeks ... |
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 Help with eviction process...?(loophole)..? |
| My mom is trying to evict a tenant which is our sister. She's 29 and refuses to leave. We live in Washington and she called the cops on us cuz she's crazy and they said that you have to ... |
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 We are in the process of buying a house and we recieved the documents this morning? |
| with all ther fatcs and figures etc. On the fees section its saying we have to pay £1,995 administration fees!! we were under the impression that we didnt have to pay this? are we wrong? does ... |
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 House Rent Question just got a letter from landlord...? |
this is what it says:
After much consideration the best alternative we can offer is to extend the vacate time to may 31st 2007 with a fee of 2,000 to compensate for time lost.We need to move ... |
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 6 days late on rent, can i get evicted? |
| OK so im 6 days late on rent, ive lived in teh building for almost 3 years and i have never been this late, i have been1-2 days late before but i have always communicated with my manager, I have ... |
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 Can a landlord enter an apartment twice a year for inspections? |
| I'm getting a new apartment and they said they enter the apartment twice a year to make sure everything is working properly. I think twice a year is a little excessive. Are there any laws about ... |
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 How much can a lanlord be sued for? |
| i had signed a lease for an apartment at a complex on my college campus.....I was supposed to move in during august but the building wasnt completed that time and we were told it would take a couple ... |
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 How much house can I afford? |
| After my condo sells I would have $80,000 to put down. I earn $48,000 per year . Many years on job. Credit score of 780. No car loans out .I pay off my credit card monthly. How much home would I ... |
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 I rent and the owner of the house has lost the home to foreclosure.? |
| I rent and the owner of the home I rent has lost the house to foreclosure I am being told that I have 30 days to vacate. Does anyone know what I can do to have more time?... |
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 Should I offer more than the asking price when buying a house? |
I had an agent tell me that I should offer more than the asking price. I don't really understand why. She said that would actually help me. Any real estate professionals who can answer this?
<... |
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 Is it a good idea to hire a Realtor to sell my home for a 3.5% commission? |
I live in Southern California and I'm planning to put my house for sale soon. I saw this add in front of a house that's for sale in my neighborhood.
HOME SELLERS
Don&... |
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 .how can i sell my neibors house? |
| ya like when he's on vacation how can i sell all his stuff and just move him ... |
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 Is it a sign of wealth to have a vacation home down the shore? even if it's small? |
I recently inherited a bit of money with my older brother, we're 23 and 26, we used the money to buy a small, one bedroom condo down the jersey shore for about 300k.
ever since ... |
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rose b | Is it possible to add extra money onto a new mortgage to pay off my debt? |
Additional Details
I mean get a mortgage for more than I owe on a house so you can pay off existing debt? I am a first time home buyer.
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Waine
 |
hi, I don't promise anything but if you are willing to read
people in debt often seem to find some help here :
http://credit-cards.ebookorama.com
and here http://finance.ebookorama.com
also plenty more to read here
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
good luck! |
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Ethan
 |
Yes. It's called a cashout. |
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Stacy W
 |
refinance |
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Michael B
|
Yes, unless there is clause forbidding it in the mortgage. You can usually pay extra interest or principal with no problem. In the first years of a new mortgage you are only paying a few dollars against the principal (most is interest). Put in extra money against the Principal and you will be reducing the total amount of interest you will pay in the life of the mortgage. |
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Fenris
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yes - you can always send in more money than what is required, but why would you want to do that - if you have a large mortgage you will always have debt. |
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Trevor
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It would dpend on the type of mortgage you have.
Some let you pay off extra and reduce the length of time you're paying the mortgage. Others let you pay off extra but don't reduce the length of time you're paying, instead the monthly payment is reduced. Others don't let you pay anything extra.
You need to speak with your mortgage company to find out.
Bear in mind that if you're getting a bad deal with your current lender you may be able to switch to another lender and get a better deal (there may be costs involved in switching - check these carefully). A reputable financial adviser is the best person to speak to regarding getting a better deal. |
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Gur8
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Yes you can. Most lenders, however, only allow you to contribute a certain amount annually, for example, 15%. |
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cirestan
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You can always add money to your mortgage payment. Make sure it is being credited to your principle. This can exponentially shorten your mortgage term.
Example on a 30 year mortgage, where your monthly payment is about $800. Your monthly payment may start out as $700 to principle and $100 to the actual value of your home (or principle). If you add $100 and pay $900 instead, you will be putting $200 to principle instead of just $100. That's two months worth of principle. If you do that for 15 years (pay double the principle) your house will be paid off instead of having to make payments for 30 full years.
WAIT!
Do you mean get a mortgage for more than you owe on a house so you can pay off existing debt?
Yes. You can do that with a simple re-finance. Just tell the person doing the refinancing what you are trying to do, they will work with you. |
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Chocolate_Bunny
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usually that doesn't work...trying to get a loan bigger than the purchase price.Most loans are a percentage of the house value to start with. thats why we have to put so much down...you don't get one hundred percent. If you debts are less that ....say....40% of your income...they may let it slide as interest rates(not charging you a higher) maynot be effected. But if it is close to 50% or higher...you will have to pay something first. This is Washington St. law...i am not sure about where you are, Also if you have old debts as far as two years ago...and lag on those ...you may have a problem. If you face this..ask them if they would settle out on having you pay some of them off.... If you try to borrow more than the market value...which is how banks rate a loan for you....they pretty much wont do it...because if you lose your house...they can't get all that money back....sorry guy ...but this is our law here...hope things are better for you where you are..... |
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DAVID M
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yes,we did this a few months ago,and it made us much better off each month, |
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