 What to do if a co-signer refuses to get out of the loan? |
| My dad bought a house about 2 years ago, I have 2 little brothers, and the co-signer is single.. he now hates my dad and refuses to get out of the loan he said he wants to see us in the street! he ... |
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 Selling a house? |
| Say that you have your house on the market at 50,000. Then someone is really interested, they have the money, and everything is in the works. The lending institution orders an appraisal and the ... |
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 What is the legal amount can a landlord increase ones rent? |
| lived in a three bedroom apartment for six years now. have had my rent increased $50.00 a year. going on to my sixth year and my landlord is now wanting to increase my rent now $150.00 more. is their ... |
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 Can a Land lord make these demands? |
| Demand to meet you at the bank that he has set up an appointment with, to review the tenants finances and proof that his rent is being paid in every month. I am forced to show him my financial ... |
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 How can I stop my ex-landlord from ruining my credit? |
| I had been renting for a while when I decided that I was throwing my money away by renting. So I ended up looking to buy my own house. I initially tried to time it so I could close on something at ... |
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 What can I do when my house is not selling? |
| I got a job in a different city than my house is located. What can I do? Renting is not an option.... |
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 Why are some landlords so funny about DSS and Animals? |
| Before the more biggotted among you start, I'm thinking about those on DSS because they are working and getting a low wage or are not in a position to work - ie, carers, retired, disabled not ... |
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 Should my brother need a cosigner for an apartment just because his fiance's parents say he should? |
I received a call from my younger brother asking if I could co-sign for an apartment for him?
Here is the situation:
He is 26 years old. He just came out of the marines last ... |
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| Ok i'm tryin to get on the property ladder. who is makin up these house prices cause they r too expensive. |
| i have a good career, i earn a fair bit, just not enough to buy a house in essex. why r they so expensive.... |
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 Should I rent to this woman? |
| I finally found a renter. However, the woman barely makes enough to cover the rent. She would only have $500 dollars left over a month after paying the rent. But she also gets 30k in child support.... |
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 To buy or not to buy real estate? |
| I have the opportunity to buy a 4 year old condo worth just shy of 100K for 75K plus closing costs essentially paid. It is in a relatively stable market with no sharp spikes up or down (during the ... |
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 My rent is £65 weekly if i was to buy the mortgage would be £430 including insurance .? |
| if i was to buy my house the mortgage is £430 monthly whereas i only pay £65weekly for rent would you buy it and hope you can find the money every month. I only have a part time job which pays £125... |
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 Arent you pissed off about the Bailout????? |
| All that 700 billion dollars is out there with CEO's and Brokers. All crooks!! WAMU CEO made 18 mill in 3 weeks! wtf is that about??? The FBI needs to crack down and take away all that money ... |
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 Who gets the tax benefits to owning a home? |
| If there is a borrower and co-borrower on a mortgage...which person benefits from "home ownership" when doing taxes?... |
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 Which city is the best city to live? |
| Me and my sister are both single with no kids and we're thinking about relocating.... |
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 Can landlord stop me from moving out by calling police.? |
| I have let my landlord know the furnace was not working said he would fix but has not instead he leaves for vacation and had been left with no heat since Nov 12,07 and since have been heating my ... |
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 A question for landlords (or tenants)? |
I am a landlord and my tenant has moved out. He is waiting for his security deposit back. But first i must inspect house and see if there are any damages.
From what i see...he has parked a ... |
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 What is the law on rent due dates and late fees? |
| I mean, they told us everyone's rent is due on the 5th day of each month. It is a $75 dollar late fee if rec'd after that. Isn't that a bit high? It was $40. And shouldn't we have ... |
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Brian P | Is now a good time for me to get into the property market as a first time house buyer? |
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 |
 
HIGH SHAMAN
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DEFINATELY !! Right now it is a BUYER'S Market .... My own home was appraised a couple of years ago at $225,000 ; now I can't even sell it for $179,000 !!!!
Just be careful and make sure you are checking on what other homes in the area that you are buying in are selling for .... compare #- of bedrooms, split plan or not , attached or detached garage, inground sprinkler system or not , year built , insulation , square footage under air , porches , fenced or not ...etc .... |
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Is it a Boy? Is it a Girl?
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if you have the deposit required, then yes. The falling house prices are good for you, and unless you plan on selling in the next 5 years, then the house prices shouldnt affect you.
Its very hard to get a mortgage now, in the UK, if you are a first time buyer, so you do need a hefty deposit, but otherwise you are a dream for a seller (no onward chain on your side) and some sellers will chose a first time buyer over someone else, because the deal will go through much quicker. |
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asseenfromoutside
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Not yet. If you wait a little longer prices will have fallen even more. Keep a careful eye on the mortgage rates. |
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Big daddy
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Absolutely, it's a buyer's market, there are so many people that need/would love to sell a home right now. The buyer is in the position of power. But do your homework, research the area, talk to realtors in the area. Go to www.fha.com or www.fha.gov, these are the most liberal programs out there right now, they also have great information on the purchase process, first time home buyer programs and how to get pre-qualified. From a buyer's perspective, it's a great time, you can be as picky as you care to be. The last piece of advice is to know what you want out of your mortgage. Take in factors like age, job, family goals, retirement goals, etc. Get with a mortgage professional that will help you customize a mortgage solution that will help you meet all of these goals! You should be excited about your first home, I'm excited for you, but get what you want, not what someone else wants. Happy hunting and feel free to ask any questions |
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bbwebpuppy
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Depends on where you are looking. Many places around the country, prices have fallen.
Get PREAPPROVED for a loan before you go out and look. Know how much you should come up with for a down, what payment you want to make and then look at homes in that category.
Some places your payment will be less than what you would pay in rent. Definitely worth making the investment. |
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kemperk
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if you do your home work carefully, you bet.
also, annually, tax foreclosures are great
deals at the county accessor's office.
available to help |
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biggaaron
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Yes for two important reasons:
1. Home prices have fallen and you can get a great deal on a short sale for less than market value.
2. Morgages are still possible, but getting more difficult to obtain. Waiting on purchasing may keep you from qualifying for a loan later on, and you may pay a higher rate (they're going up!) |
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Lily H
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i dont think its a bad idea - make sure your job is secure though. |
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pte:D42
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its a good time to buy when prices are going down estate agents are desperate to sell right now before prices drop further you will get 4/5 times your anual income for a morgage deal |
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DJ_Hixxy
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If you can afford the mortgage and the lender will lend to you (providing they are a reputable lender of course) then I would say yes. People who own houses and hear that prices are going to fall will not want to sell their houses cheaper than what they pay for, they would sooner come off the market altogether, leaving less houses up for grabs. With less houses available, the prices will not drop as fast as they are predicting. There was always going to be this dip but you will never see prices like the 1990's. Thats all in the past! |
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((LOON))
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Yes...as long as you can afford to live in it??? |
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locsman
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in the UK no its not a good time unless you have a big bag of money.lenders are holding back mortgage deals.i would wait at least 6-9 mths.let the rot really set in,save as much as you can.watch the market and wait until you see prices start to recover.thats when you make your move. you should be able to pick up a real bargain.be patient.house prices have a lot more falling to do yet |
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John Harris
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Yes, because in most areas prices have come down recently. |
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ukok
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Yeah, but take advice off honest agents, and look to get at least 10% off published average asking prices. Consider an auction as bargains are abound in those places now. |
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