 How long does a renter have to vacate when owners are being foreclosed? |
| I moved in this condo in September. I just got served with a summons about three weeks ago stating that this property is going into foreclosure! The last payment the owners made was August. I have ... |
|
 Refinancing after owning property 2 months.? |
| I purchased a 2 unit building in Aug. 2006. The purchase price was 379000.00. I had to do a 80/20. One loan for 303200.00 w/ a int. rate of 9.25 and the other for 74000.00. w/ int. rate of 12.25. At ... |
|
 Can i have 2 seperate realtors? one for selling my current home and one for buying another? |
| i already have one for buying another but shes way too high for selling mine..she would want 10%! i never even heard of that! i know someone who will do it for 8% can I go with him?... |
|
 Landlord help!? |
Can my landlord get an emergancy court order to evict me and my partner before our tenancy ends?
Additional Details
in the uk!... |
|
 How much is your monthly mortgage? |
| I put zero down. Bought house for 155,OOO in NC. 1160/mo. How much is yours?... |
|
 I need advice. I have an adjustable rate mortgage. My home has no equity. What can I do to lower the pmt? |
| Like many people i was one of the many that got stuck with an adjustable rate mortgage. My pmt is about to adjust, is increasing by $400. I don't know what to do because the housing market is ... |
|
 Should we sell or rent our second home? |
| We have a second home which our parents plan to live in when they retire. The dilema is whether we should sell them the property outright or rent it to them. What makes more sense for both parties ... |
|
 How do i get out of my lease? |
| just moved into ground floor apartment that we pay top dollar for (in our neck of the woods). My husband and i enjoy a smoke on the patio after dinner and i enjoy sitting out there with a book and a ... |
|
 Home rental security deposit: who owns the interests? |
| Hi. I've just moved out of the flat I've been renting for 2.5 years and I was wondering whether I am entitled to get the interests earned on my deposit for this time or if the landlord can ... |
|
 I live with boyfriend. He owns house. I pay "rent" monthly. Should I be required to pay part utilities? |
| He owns the large expensive DC house with no mortgage. I just got first full time job in DC making a decent salary. We are domestic partners - cannot legally get married. Some people argue I ... |
|
 If i am asked to move into a household w/no lease, then told 2 leave how long do i got? |
| a little over a mo. ago i was asked by my fiances family to give up my career and move to new mexico to live w/them his mother has mental issues as the whole family knows and she now says i have to ... |
|
 Tenants beware did you know this? |
| I rented a house for three years, the landlord and myself had a dispute, in which I had to call the police to have him removed and for the last six-month of the tenancy we did not speak, after ... |
|
 Can a landlord charge per day for not returning the key? |
| I recently moved out of my apt in NYC but did not return the key until 12 days later. Can the landlord charge me per day for holding the key?... |
|
 What do i do if my landlord is breaching the tenancy agreement? |
My landlord/agents are not giving me the required 24 hours notice to enter my property to to maintenace work. I would like to know where i stand and what i can do to stop this happening?
T... |
|
 Ca i use my credit card to make a down payment for a house? |
can i use my credit card to make a down payment for a house?
credit line $15k max and no balance on CC. can i use it for a down payment?... |
|
|  |
occonfundido | Is this a good time to buy a property? |
|
 |
 
helprhome
 |
If your worries are about the mortgage "Crisis" Let's talk about what's really real: What is going on is really an anticipated event. A couple of years ago mortgages were written that probably should not have been. Buyers knew it! and the mortgage people knew it too. BUT, everyone wanted to get something out of it so now when it's time to pay for the expected acceleration no one can, it seems. It was a lack of integrity on everyones part. So what happened to them has no bearing on you other than hopefully the people who were silly enough to grant those loans are out of the lending business. Hopefully you will choose a lender who does have intgrity and will only loan if you really are safe to have that loan. Do you see what I mean? It's a better way. Now to speak about what you need to be able to buy or not today. Plan 3-5% down and then plan extra for closing costs. The closing costs vary based upon the amount of the loan so quoting numbers on that is a bit harder. The Lenders that I have been working with are suggesting FHA loans. Best advice if your credit is good and you have a bit of money the foreclosures that are going on are offering a great advantage to the buyers of today. If you are buying for investment there will be sellers who have sold with Short Sales that need rentals soon! In fact the situation will soon be driving rental rates up, I would expect, as the people are pushed out of the overpriced homes they will need a place to stay...See how that works? |
|
BuckarooBanzai
 |
Depends entirely on where you are..... |
|
Impartial Inc
|
It does appear to be a buyers market right now with the rate of foreclosures. However, always research the area you are in. Remember all areas are different. Also, you can call around and check out prices and compare them to what they were in your area last year. Plus, if you have the money and the house you want is priced what you want -- It's always the right time!
Happy House Hunting. |
|
Dfire
|
this is a great time to buy property, you can negotiate price etc better now, is bad time to be selling property |
|
valstpatrick
|
Depends.....
In certain areas it is advisable to wait. In some areas experts are predicting the worse has passed, market prices have leveled out, so now would be the time to buy in those areas.
Target the area you are looking at, do some market research. Unemployment rates vs. nationally, cost of living vs national average.
There are places in FL, TX, GA and CA that are reportedly going to be strong markets in 2008 based on job growth, affordability and availability of homes.
There are too many sources to quote until you narrow down your location.
Hope this helps, |
|
Monika Wilson
 |
yes, now is a good time to buy. It is a buyer's market and if you are in a position to buy and invest in Real Estate go ahead and do so. Prices are still low and so is the Interest Rate.
Make sure you find the right loan/mortage package for your budget and you are comfortable with the payments. With increasing population there will be always a demand for Real Estate.
Have fun "home" shopping! |
|
dragonfire
|
I'd say hold
as the increasing rates of foreclosure will keep driving the overpriced housing down, it all ready taking effect in pricey markets as builder compete with foreclosures being dumped on the market, and it only going to get worse , the fact are there were too many people not qualified to buy houses that bought them ( those with exotic mortgages ) that drove up the home prices in anticipation of gaining equity and then selling at a profit, but like any pyramid scheme the bottom eventually falls out and those who bought in late in the game are the first to go as they are the 1st to walk away from their home when it goes upside down
RE agents, Loan brokers and the like are in total denial to say it's the best time to buy.. for them it's ALWAYS the best time to buy, as they have a vested interest in making a sale and getting their respective commissions, they do not care about you once the sale is made, they do not build neighbor hoods, so do not feel for them if they try to get you to buy now because it's the right time.. number 1 it's a house.. not a home.. detach yourself from the emotional aspect of house buying, after all they ( those in the business ) are,, all they see is paychecks, that's the only emotion they see on any property, and it's this emotional attachment that has gotten so many into trouble as the if you never buy you be priced out of the market mantra was chanted by all in the business in order to drum up sales and spike up prices. When New Century went bust and laid off people, I cheered and felt no empathy for those who were now out of work, now is the best time when the consumer with excellent credit has true power, by standing on the sideline and watch the collapse of markets and the associated secondary effects ( slower car sales, slower sales in everything period ) as the credit crunch reels in, so timing is everything, it will get worse, and maybe a recession. keep in mind there were those who said there would be no housing bubble, and then they said it might be a "slight" correction.. all those who said that where in the RE business and now are eating humble pie as they knew thew truth way back when but did not care.. |
|
brittney
 |
If u r interested to buy a Spanish Property, Your Key To Spain will help you a lot to find the best attractive region in Spain. Know more on http://www.yourkeytospain.co.uk/ . |
|
Jonathan B
 |
You might want to click on the link below. It is to a similar question. |
|
RuffRuff
|
Don't waste your money - nationally, renting is still much cheaper than buying. The longer you wait - the better deal you will get.
Don't be a fool - I've been in the real estate game for much time. Unless you can find that one spot in the USA where prices haven't gone up the past 10 years, prices will go down over the next few years... |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 14 minutes(s) ago
| | | |
10 | 53 minutes(s) ago
| | | |
10 | 3 hour(s) ago
| | | |
10 | 8 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
10 | 5 day(s) ago
| | | |
10 | 1 week(s) ago
| | | |
10 | 1 month(s) ago
| | | |
10 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
