 How old do u have to be to own ur own flat? |
| e.g. rent a flat and also does anyone know how much u get when ur on the dolll? I'm not going on the doll lol !! I'm jst bein nosey .. Thanks =]... |
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 If you rent your home and pay to have pests professionally removed, can you legally deduct that from the rent? |
Since I rent, can the price for the professional pest control Orkin, Terminix or whoever, can that legally be deducted from the cost of the rent?
Can the entire price be deducted or only ... |
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 I have about $500K in savings, no income (law student), and am buying a $270K house. Need down payment advice: |
It will be a 3 bedroom, so I will be renting out, getting $1000 a month from renters. How much should my down payment be, considering my savings situations and lack of income?
Additional D... |
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 Can he do this? |
| My landlord has started charging £5 to deliver electric tokens (which we all have from him) yet he only comes round with them (the free delivery) every 2 weeks on a friday night. There is no other ... |
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I'm buying/building a new home in austin tx and would like some input from ya!
Is land cheaper if you build up instead of out? Do you get a bigger yard, are they any advantages?... |
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 What to do when you buy a house and the previous owners won't leave? ? |
| We closed on our house yesterday and the previous owners have not packed and show no signs of moving out. We told them it would be $40 a day for every day that they stayed after we took ownership. We ... |
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| I moved into a house that was remodeled. The house does not have ANY phone jacks installed. Does the landlord have to install at least one phone jack? I'm in VA. I asked him and he said they don&... |
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| I have recently moved into a new house and the landlord is already behaving strangely. She turned up here unannounced on a saturday night and tried to push her way in. She says we have three sets ... |
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 Girlfriend on house title? |
after living with my GF for 3 years she now wants to share ownership of our house by having her name on the deed 50/50 - but I bought it with my money and pay the mortgage with my money.
is this ... |
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| I live in CA. My landlord (without reason or explanation) gave me a 30 day notice to move, I agreed to move out within 30 days. During the 30 days do I have to allow him to enter my unit to show to ... |
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 Trouble with Letting agent and Landlord. Where do I stand? |
| I moved into a private property July 2007. Everything was fine untill the bad weather came and the house developed serious damp problems, the walls are black and Ive had to throw no end of furniture ... |
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 How can I legally break an apartment lease? |
| I'm getting engaged and want to move in with my fiance. However, I have a one years lease at my current apartment. How can I get out of it?... |
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 Our rented property flooded due to a broken pipe. There has been damage to contents. Is the landlord liable? |
Neither party has insurance.
The contents are ours.
It is an informal let.
Additional Details
He tried to fix the pipe earlier in the day, and clearly didn't ... |
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mizwiz | Made an offer on a house 6 mths ago and still have no answer from the selling bank. Should it take this long? |
We are preapproved on our loan from another bank. The house we are looking at was almost in foreclosure when we put our offer in. There are several other houses in the area going into foreclosure and many more for sale, so why would the bank take so long? |
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loansbytami
|
pknutsen....is the only correct one here. It completely sounds like a short sale and those can take anywhere from 1 month to 9 months to get a full approval from the seller's bank.
Short sale: When the seller is trying to sell his/her property for less than what he/she owes on the property.
For obvious reasons, this type of sale will take longer to close. The seller's bank does not want to give up their lien on the property for less than what their client owes BUT they also do not want the home in foreclosure and possibly losing out on everything the client owes. Some banks will approve these sales at the terms the purchase contract states, others will counter offer with another sale price (even after the purchase agreement has been completely executed by buyer and seller).
I had a short sale that was in escrow for 6 months. Finally got the final approval and terms from the seller's bank. My buyers final purchase price was still $50,000 UNDER appraised value!
Short sales are not a pretty transaction and can take up to 9 times longer than the standard real estate transaction BUT the end result could be fantastic for the buyer because you are purchasing a home well below market value.
Have your realtor contact the seller's bank to see what the status is and whether they've even gotten to the file yet. Your realtor should follow up consistently with the bank to ensure that the file is moving along and people are actually considering your offer. You don't want it sitting on someone's desk without even being reviewed.
Good luck and hope that you hear something soon! |
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?
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"It was almost in foreclosure..." That means the bank almost owned it. They cannot sell you something that they don't own. Check back. The OWNER might have sold it, might have gotten their finances in order and are making their payments OK now - it might not go for sale. |
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hpo2030@sbcglobal.net
 |
they got a better offer |
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Blondie
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you need to contact them again about your offer..I suspect you were out bid.. they dont contact you unless you are the winning bidder |
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pknutson_sws
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Welcome to the world of the short sale! YES! It does take 6 months or longer to get the bank to respond. There are soooo many short sales sitting on the banker's desks that it takes them forever to get to them.
Not only that, you're probably experiencing delays like "the bank needs you to sign one more thing", or " now their asking for another inspection..."
Hang in there, and be nice to your realtor...it's not his fault. This is just how the process has become because of the glut of short sales and foreclosures on the market.
Ask your Realtor to contact the bank for an update. That is the best info you can get under any circumstances. Have him pry for information about the other offers that have come in to see if you even have a chance.
FYI...going through one now that has been in escrow for 7 months. |
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Critical Thinker
 |
No. You should have set an expiration date and time on your contract so it will automatically retract after such time. When putting a bid on a house, I will give a bank five business days to accept, reject or counter my offer. If you really want the house, I would call the bank everyday and inquire about the status of your offer. If you really want the house and you know what price the are wanting for it, by all means, pay it. If you bid $500.00 under the asking price for the house and someone offers full price, chances are that person will get the house. |
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Alex
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Sometimes they misplace the offer. If they received it, they may be waiting to see if they receive a higher offer. Definately give them a call and see what is happening. It should not take that long to get an answer from the sellers bank. |
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Spice
 |
Maybe the owners got current on their mortgage or worked out a plan to get current. Are you sure the offer got to the right person at the bank?
Added later:
Having read the later responses, I can only say--Do business with local banks. Less red tape, better service. My bank would first try to help the current owners out of their problem. Second, not only sell at a fair price, but help you get financing if you were qualified. I am stunned that this sort of delay could be considered normal response. |
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JaMiE
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it shouldnt even take 6 hrs. |
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?
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It should not take this long. Contact the bank and ask them about the status of this property. |
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james d
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maybe its a no cuz they wouldnt take that long to get back to u or u should go ask them bout it and tell them wats going on |
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STEVE J
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Should not take so long i bought mine had it in 2 and a half weeks it was already closed out hope this helps |
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♥ Sarah K ♥
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No, it definitly should not take this long. I suggest giving the bank a call to find out the status and if they can't give you one, retract your offer and start looking at different houses. Good luck. |
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