 I pay rent to the lady upstairs from me who is suppost to be the landlord but i dont think she is. read below? |
| ok well i moved in 1 year ago and everything was going fine the "landlord" lives upstairs alone but heres the thing. We asked her if we could have a dog she was like i have to ask my ... |
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 We have no choice but to foreclose on our home. What will we still be responsible for if we walk away? |
| We purchased our home for 420K over a year ago. Planned to refinance and lock into a better loan. Unfortunately, when we went to refinance the value of our home went down conciderably. Worth only 300K... |
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 When People Signed Sub-Prime Mortgages Did They Look at How Much Their Payments Would Like Be After Resetting? |
I would hope that people paid attention to how high their payments were likely to be after the first reset.
And, more importantly, I hope people looked at how high their payments might end ... |
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 How can so many people afford expensive homes and nice toys?? |
| And I'm not talking about million dollar homes on the ocean either. From coast to coast, towns large and small. there is always the neighborhood in every single one of them where people own $250... |
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 My landlord has a repossession order on his flat and we are sitting tenants what can we do? |
Additional Details
we have paid the rent regular each month and now the landlord has had a court letter saying the mortgage agency are repossessing the flat next month and he has to ... |
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 Mortgage scam/Bank fraud? |
The daughter of a dear friend of mine has gotten herself in some pretty deep trouble and claims innocence. See link.
Is it possible that anyone involved in this may not have known what was going ... |
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 Is it possible to move out of my apartment without penalties? |
| My roomate and I moved in at the end of July but we still have not signed the lease the landlord gave us. I still have both copies we were supposed to sign and I've seen the landlord plenty of ... |
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 Advice, comments about our FHA loan? |
| make a long story short. My wife and paid off all of our debts. we went to a mortgage company to get a loan, the lady took our info and called us the next day saying how much we were approved for and ... |
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 HELP!! Tenants are absolutely insane - called the police? ? |
Hi everyone,
I posted a while ago about how my parents have insane tenants. Recently we had a family emergency that my parents had to tend to the past few weeks. Last week we got a letter ... |
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 Do you hate viewing apartments that people are living in before renting? |
| ...like when going to see a place that is coming on the market in a few months and the place is still fully lived in? Do you hate being a tenant in that situation as well........ |
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 Can you explain to me in layman terms how adjustable mortgage rates work? |
| My sister has an adjustable rate mortgage. Over the past year her mortgage payments have gone up several times. Now her monthly mortgage payment is $2,235 for a 2000 sq ft home in a nice area. No ... |
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Mike | Is now I good time to buy a home, or should I wait a little longer? |
I am a first time home buyer in NE Florida. It seams like every week there is more bad housing news. Should I buy a house now, or should I continue to wait til the holidays? |
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muriel12
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Most indications are that the market is still dropping, so prices may continue to go lower if you wait. The market usually isn't as busy during the winter, either, so that may give you more opportunities to pick up a new home on the cheap. |
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CouzinX
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It is currently a buyers market, so it may be good now. However, I anticipate it to get even better for the buyers in the near future.
Sellers are desperate to sell before there values get much lower. However, make sure you dont overpay and that your loan product is second to none. Dont get an adjustable rate loan. Plan on this home loan as your only for now. Who knows when the market is going to settle down. |
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bpl
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Personally, I think its a great time. These are the times where people make money. Stop listening to the news media. If you have more surplus, and less buyers, people are more apt to accept a lower offer on a property. Therefore, do your homework, and you can find something where you will have added initial equity. It is the time to buy!!! |
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chuck a
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I would definitely look at buying a home now the market may be down but that means that you will get a better price for your home. Rates are still good for conforming loans, its the non conforming and secondary market that is taking a hit and has people scared. FHA loans are going to be predominate for first time home buyers once again. I have been in the business for 5+ yrs and that's where the industry is going. |
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jeanniep
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bad for seller, good for buyers, lots to choose from and market is down
good luck |
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qpid59
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Thats a tough question because real estate markets vary from region to region. I can only tell you that I will only buy a property if it is an absolute super deal. I do invest in real estate and am watching things very closely. With the amount of foreclosures and bank owned properties on the market in my area, I am seeing the makings of a serious dip in house prices soon. Also with the number of lenders going out of business, financing can be difficult even with those with good credit. This means less qualified buyers and a growing inventory of empty houses most likely will drive prices down. Also, many counties in my state are no longer issueing new building permits on residential developments.
Contact a real estate investor in your area. Not necesarily a real estate agent since most are desperate to sell a home and would be willing to say anything to get you to buy. A good real estate investor would have a good idea of how your market is doing. You can't always goto a website and get the big picture. Only diligent investigation of your area will do that. |
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godged
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Although the market is bad, there are several factors that make it attractive for qualified buyers. There is alot of inventory, it is a buyer's market and interest rates are attractive.
Most of the bad news is surrounding the subprime market and the unfortunate folks that bought into a sales pitch telling them they could afford a house that had no business buying. Because lenders are tightening their restrictions, it is tougher for those with questionable credit to qualify for a mortgage, so there are less buyers out there. |
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pawler deeeen
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It is always good to buy a home. Now, trying to "time the market".... not easy for seasoned buyers much less a first time homebuyer. I would recommend you get a good, experienced Buyer's Agent to assist you. They are typically paid their commisson from the seller's listing the home. They can do statistics, analysis of the area you can afford and find you the most for your money. Ask people who have bought or sold for some names of who they would recommend. It is a great time to buy and make your money start working for you. Good luck. |
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loki
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as long as you have the money, why wait... early is always better than later... |
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