 What do I need to buy a house? |
| My husband and I are wanting to save up for a year and put the money we save together with our taxes and buy a house. Our credit isnt that good right now but we're going to spend the next year ... |
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 Neighbors downstairs complaining about my walking - what can I do? |
| I live in a seven year old apartment. I am on the top floor. I can normally hear my neighbor below me pounding the bass when they play video games. Anyhow, suprisingly enough, they complained to ... |
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 Should I rent the condo or buy it from the seller since he has offered me owner financing? |
| I was recently looking for a place to rent with a friend of mine. We chose a new construction condo to rent, and they are not finished yet. As we are waiting for them to finish up so we can move ... |
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 Do you need to be in full time employment for a period of time PRIOR to applying for a mortgage? |
I want to apply for a mortgage when I graduate in June with my boyfriend.
He is on around £18,000 and I hope to be on the same.
I was wondering if I can apply as soon as i get my first ... |
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 How long do i have to keep my house before i sell? |
| My husband and i just bought our second home back in sept. 06. We were in a rush to get a home near a good school for our daugther. Well we didnt have much to choose from in our area at a price we ... |
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 Flipping HOUSES?? Good Investment? |
| For those who don't know, the term "Flipping Houses" is when you purchase a house, fix it up and sell it for more money to make a significant amount of profit. Does anyone know if this ... |
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 I had a shop for 9 mths without signing the lease, am i still liable for anything? |
the landlord says im liable for the lease even though i didnt sign anything
Additional Details
im not stiffing anyone he's trying to wangle money out of me, i didnt make any profit ... |
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 Real Estate licenses? |
| Do you need to take a real estate license course again to be license somewhere when you already license in your own state? OR can you just go and take the state exam in that state to be licensed. ... |
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 Are There Any Free Appraisal Sites ? |
| I am looking at a property and just wanted to get an estimate on what the home is worth but not pay 300-500 for an appraisal on a property I may not want.... |
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 Foreclosure? |
| Before everyone goes "holier than thou" on me, I already know I messed up and I'm trying to fix my problem so please save the semons and offer at least some kind word, honest opinon ... |
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 Pointers for selling a home? Suggestion on what people look for? |
Other then keep it neat and clean....
Additional Details
We have an agent.....
I was just looking for more ideas other then the basic list.... |
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 Tenant/Landlord question? |
| If you are told you have to move out of your apartment by your landlord, how much notice does the landlord have to give you to find another place if you live in Alabama?... |
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 Closing on my first house?!? |
I am closing on my first house tomorrow!!! (I am only 20) And I was just wondering how long it will take and what all will I need to bring besides closing cost?? Any other good tips?
If I ... |
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 Can i be denied on an apartment because of my income? |
| My fiancee and i tried to rent an 2 bedroom apartment for 850 with heat and hot water included. We only pay electric. We make 2500 between us. My income goes up according to rent price. She said we ... |
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Thinman | Is it possible to pass on to your son unpaid home mortgage as inheritance? |
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Landlord
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Yes, upon death the mortgage is assumable. The heirs receive it and do not have to qualify for the loan. The only time that you would is if you need to sell the property or refinance it in order to pay other debts or divide the asset between heirs. |
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efflandt
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Assets of the estate are used to settle debts before estate assets are dispursed. If you inherit a home and not enough other estate assets to pay it off, you need to either refinance it in your name, or sell it and keep whatever (equity) is left after any loans or leins on it are satisfied.
You would not really be inheriting the mortgage, you would be inheriting the equity, and it is up to you to finance the rest if you want to keep it, or sell it for the equity. If there is no equity, or negative equity, you do not inherit the debt (you simply get nothing from it). Although, any debt beyond value could eat up other estate assets. |
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Jennifer
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Hi,
I used "Credit Solution" to settle my mortgage.They managed to reduce my mortgage up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://urlhawk.com/4ys |
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rayt721
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Can you say "TRUST" ... the title transfers upon your death. |
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Phoenix
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No unless if the deed states its assumable. You may be able to sell the house to your son at a much lesser price or for whatever the balance of your current mortgage but not as inheritance because it hasn't been fully paid yet. |
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src50
 |
No. Your estate "inherits" any unpaid debt. |
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watergump44
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If the value of the house exceeds the outstanding balance it is an asset and worth while receiving as an inheritance. |
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Brian
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usually. Most banks WANT you to make your mortgage payments. What is a bank going to do with a house? So if you find someone who is willing to pick up your payments, then yes. |
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rakesh s
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Yes Sir ,
As per the inhritance ruling if you passed on any assests to your followers automatically all liabilities thier to will go with assets so dont worry in your case if you transfer property to your son un paid mortgage will also go with it .
Thanking You
Regards
Rakesh |
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Tony D
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Are you saying that you are receiving payments on a mortgage secured note that you own? If so, then yes. The note is personal property and can be passed on or sold. If you are talking about a home that is encumbered by a mortgage, then also yes. The lenders don't consider that transfer an alienation of title, or a prohibited, callable transfer. |
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