 Tenant & landlord question. My washing machine flooded and water came through the ceiling downstairs? |
| The water has left a patch on the ceiling and a thin crack - it hasn't damaged any contents - can anybody tell me if this comes under the buildings or contents insurance. As a tenant i don'... |
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 Closing home in 2 months...Should I buy furniture yet? |
Hi everyone!
We are buying our first house. We do not close until the end of April, but we have found some really nice pieces of furniture on sale now.
My parents have offered to buy the ... |
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 How to remove mother in law off title of house? |
| The morgage loan is in mine and wifes name, not mother in law. I make the morgage payments, no one ... |
|
 Why do helicopters fly low in circles at 2 am over my neighborhood? |
| This happens 2-3 times a month, never in the day, usually at 2, 3 sometimes 5 am. In strange flight patterns, starts to the east, ends in the south and they mix it up real quick. They dont have ... |
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 Mortgage refinance? |
| My husband and I bought a house in October with a no documents loan and ended up having to split our mortgage and have two smaller loans. Our mortgage servicer recently called and said that they have ... |
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 My tenants owed 4 months rent & vacated the property on the court date. How can I get their current address.? |
| My previous tenants owed 4 months rent & vacated the property on the court date. They vandalised my property before leaving. They still live in SE London, and I have seen them a few times at the ... |
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 Mortgage question? |
I have a 651 credit score. i have no money to put down, first time homebuyer. i was wondering what programs are available w/no money down. also is a lease/purchase a good idea?
Additional D... |
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 I moved out of my rental and the landlord is charging me for some plants that died, can he do that? |
| He had the sprinklers programmed to run 2x's a day, I couldn't afford that. It wasn't on the rental agreement to water the plants that much. Now he's holding almost $200 from the ... |
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 Is it the apartments responsibility to spray for roaches? I have been on my? |
| apartment managers a$$ to get someone to come and spray my kitchen because there is roaches and she ignores me all the time. I already gave her several verbal notices and one written notice. Still no ... |
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 How old where you when you bought your first house? |
| I'm considering buying a house, but I'm kinda afraid of being stuck in one place for too long. My parents think that I should and they say even if I move out I can rent it out.... but then ... |
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 Would you prefer to have roommate(s) or your own 1 bedroom (or studio) place? |
| Just curious what people's preferences are and also WHY that is your preference. Pros and cons? Personal experiences?... |
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 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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 Buyer wants to purchase my condo overpriced. I pay closing? |
I have a 1 br condo that has been on the market for $169,900 in Southern California. It's vacant and very clean.
I received an offer for $177,000 but the buyer wants me to pay a ... |
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 Does putting my name on the deed of a home that my parents own make me a part owner as well? |
| I know all this has to be written and I know that it needs the consent of the people on the deed but my question is if I do get consent and it is written, and my name is added to the deed, will that ... |
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elleyeb | It is possible to just give my house back to the mortgage company? |
I hate my house and may soon struggle to pay the mortgage, can I just give the house to the mortgage company. I dont care about money, i just want out or will it be classed as repossession?? |
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Daniel Owen
|
If you just stop paying them, it may well sort itself out.
However, I would suggest trying to sell the house. You may not care about money, but having some of it about can be useful at times. |
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ukdavros
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technically it already is thiers until you have paid off the loan.
You cant just give it back.
If it gets repossesd and they cant sell it for the amout you owe, you still owe the difference.
Getting a mortgage or loan again will be a lot more difficult.
You need to sell it or rent it out |
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golferwhoworks
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try selling first. but yes it is called a deed in lieu of foreclosure but it will kill your credit for years and you will not be able to buy again for not less than 4 years unless the rules change and if that happens it will be longer time frame |
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src50
 |
If you hate it, sell it. |
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BARRY B
|
Don't just give up. I can't believe you hate your house. You probably hate the stress associated with paying the mortgage in difficult times.
Give some serious thought to alternatives. What about a lodger? The 'Rent a Room' scheme allows you to earn £4250 p.a., that's £354 a month off your repayments, tax free! Lodgers have no security of tenure, so if need be you can wave them goodbye without complications. Choose very carefully and you may have a good friend, or someone who is hardly ever there if in full time employment. Some lodgers only want 5 days, so you don't see them weekends.
Have a look a www.spareroom.co.uk. Also you can download simple lodgers agreements for free which helps to lay down the ground rules.
There is always a better way than jacking it in. That usually leads to greater problems. |
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cheeba0228
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its call deed in liu of foreclosure. From your credit standpoint lenders will look at that the same way they look at foreclosure. Your credit score will still be destroyed. |
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bostonianinmo
 |
With the lender's agreement you can do a Deed in Lieu of Foreclosure. However the affect that that will have on your credit rating will reverberate for many years to come as it is STILL a foreclosure as far as your credit rating is concerned. About the only thing that it will do for you is clear any liability for any shortfall on the foreclosure sale. And again, that's if the lender AGREES to the process.
Merely not liking your home is probably the worst possible reason to walk away. It's one thing to walk away when forced to by economic conditions simply to survive. It's something entirely different to do so merely based upon the fear of something that may never come to pass.
If you walk away right now you might be able to find a rental that you can get in to, but in a year or two when it comes time to move again you may find it difficult or nearly impossible to find something decent with a reasonable landlord with a foreclosure on your credit record, ESPECIALLY if it appears that you didn't have a good economic reason for waking away.
About the ONLY way you can get through a DILF is if the numbers are weighted HEAVILY in the lender's favor. I've got a 45% loan-to-value on my home and I seriously doubt that the lender would have any problem with a DILF in my case. Even with depressed values locally, they'd come out ahead in the end. Of course I'd need to have my head examined if I did that since I could put it on the market at a "fire sale" price and have a sale in a few days and STILL have a pile of cash in hand once the dust settled. |
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badwolf_got_suspended
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well if you hate your house and don't care about the money i'll have it, as i cannot get a property, then you can get out no worries |
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DudeMatt
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Like it or not, your credit rating is with you for the rest of your life and if you decide to tarnish it you could seriously affect your choices/plans for the future.
Look to sell (could be difficult)
Move out and let it.
find a lodger.
Good luck! |
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deja1436
 |
The house is an asset so dont just give it back. Sell it or rent it out. If you are struggling to pay the mortgage you may be able to cut back on monthly payments to unsecured loans or credit cards if they were taken out before 1 April 2007. Get help at the website |
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