 Subprime Mortgage Crisis??? |
Can someone summarize what happened to cause this crisis and recent banks involved that have collapsed...and what happened to solve the solution
T... |
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 Eviction notice? |
| My landlord is serving me with an eviction notice because of complaints about my barking dogs. How difficult will it be to rent with this on my record? Should I lie when filling out rental ... |
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 I'm afraid my parents might keep my money from me when I move out...? |
OK, to paint the picture roughly:
My friends from college and I wanted to live together. We decided to rent a large house and split the rent according to the room size, utilities used, etc. We ... |
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 With a credit score of 480, can I buy income property? |
| I would like to elaborate in my question posted earlier. I currently have a mobile that I will be selling that should bring me $55K. With those process I'm hoping I can buy a 4 plex and bring ... |
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 I have an arm loan? |
I GOT AN ARM LOAN BUT I HAD A 650 AND NO LATES EVER IN MY LIFE .YEA I KNOW I SHOULD HAVE LOOKED AT FINE PRINT BUT IS THAT PREDATORY LENDING
Additional Details
and i have a way to get out ... |
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 My mom got a letter in the mail saying our house will be sold? |
It says the house will be sold at public acution August 4th. I knew my mom was in debt but is she really about to lost the house? What do I do?
Additional Details
We still live here. C... |
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 Can I break the lease? |
| I just rent a room of a house on the september first aand singed 1-year lease. After I moved in, I found the room has a bad odor. I guess the odor is caused by mold. The bad odor cause nasal ... |
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 How much earnest money should I put down? |
| I found my dream house and will make an offer tommorrow. How important is the earnest money? The house is vacant, so the seller is motivated.... |
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 Will we get preapproved with 687 and 715 credit scores? |
| My husband and I are looking to buya $250K house in Delaware. We make about $120K combined income. We are in the preapproval process, but want to make sure our credit score sound high enough to get ... |
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 Should i sell my home? |
| i've only had my house for nine months my sister and my boyfriends best friend moved in with us(me and my boyfriend). we got a house with extra bed rooms because my sister and the friend told us ... |
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 Being kicked out-Renting a new home- Low Income-HELP!? |
Hello guys,
I have been surfing the web for ever & I can't seem to find any help with my situation. I am being kicked out of the house, long story, & I was already looking for ... |
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 What are my options w/ this house?? Please help!!? |
| Story in short: old woman that lived alone in a house behind my parent's (where I grew up) passed away...her niece who lives in TX has been cleaning out the house and fixing it up little by ... |
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 Eminent domain... county wants my land? |
| Whats a fair price determined by if the county wants to buy 4 acres of my land to build a retention pond to help control down stream flooding? Or can they just take it and build what they want?... |
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 My new landlord wants to charge me for water bill? |
| i think i heard its landlord responsibility in ny state this true?... |
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 How to break a lease (preferably landlords!)? |
Actually, I know how to, but I wondered if this would be a good enough reason for a landlord...
Currently I rent a 2 bedroom townhome. At first it was nice but now the area has really ... |
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 Is there going to be a housing market 'crash'? |
| As a first-time buyer, getting on the property ladder is fairly daunting at the moment. There seems so much uncertainty withing the economy....is it best to wait and see what happens over the coming ... |
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 Would you rather sell or rent out your home? |
| If you moved into a new house and had the option of selling your old house or renting it out until the housing market stabilizes what would you do?... |
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ttroberts1992 | My Mom, whom I live with wants to give me her home, better to sell,quick claim or will, have 4 siblings? |
She has a loan of 56,000.00 which I would like to take over or pay off. But we are not sure if I should which way to go. I just paid the taxes and don't want to be taxed again. I have been living with my Mom at the location for the last 7 years. My siblings know that she wants me to have the house but just want to make sure there won't be any problems later. |
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nana .know it all
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once you have bought it it will be yours so no probs with siblings the house will be in your name |
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busybee26
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The best advise is 1) to speak to a solicitor in regards to your mums wishes to transfer ownership of the house to yourself and 2) to sw a financial advisor re the tax issues.
Families do often contest a will when it comes to probate and there is nothing worse than siblings who feel they haven't had their fair share |
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Russell S
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Great post! I completely understand your question. Money is hard for a lot of people right now since the enconomy is going down. My friend told me about this website of an organization that gives people up to $1500 towards their rent or mortgage. It's available in most areas, so I think you should check it out.
http://www.help-with-my-mortgage-rent.org
Hope this helps! |
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Tony D
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You better check with a tax attorney for tax ramifications of each option. |
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Badger Licker!!
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If she gives the house to you, and she lives for another (atleast) 7 years then you will not pay any IH Tax. If she passesaway before the 7 year period then you are liable for IHTax if the value of inheritence is over the £300k threshold!
What taxes are you talking about?? If you BUY the property then you will have to pay stamp duty. If she gifts it to you then the inheritence tax rules apply as I mentioned above.. |
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manx girl Isle of Man.
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It is quite simple, you apply for a 56thousnd pound loan, or get it transferred into your name if thats ok with the existing loan company (I doubt it), get your loan and get the solicitor as per normal to do a conveyance on the house. and the house is all yours, and you will have your own new loan. If you can pay it off in full redeem the mortgage and just go to the solicitors and have them change the name on the deeds. I am doing that now with my daughter so if I pop my cloggs theres no fuss she already owns the house, it's a simple thing for the solicitors to do. |
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anw122
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even if the house and estate are put in your name you could have a fight if you siblings try to contest it. most likely, if there is a problem, what will happen is you'll be forced to sell it and split the money, whatever is left *after* the loan is paid off. |
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Linda
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you might have to see if your siblings want some money for their share in the house, your circumstances will make a big difference. If they are happy to let you have it, then no problems. |
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