 Buy a house now or wait? |
| Heard a guy on Glenn Beck say he thinks housing prices will be on the decline for the next 5 years. I'm currently looking into buying a house in San Diego by summer time but I'm now ... |
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 Tenant fell down stairs - am I as a landlord responsible? |
| In May 2007, we began renting the upstairs apartment of our newly remodeled duplex to a couple. On their application, they both put "self-employed" and gave us all sorts of verbal details ... |
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 How long can a landlord leave a tennant without hot water? |
| I moved in Saturday, and since yesterday morning I've had no hot water, and I've just been told they can't do anything about it unti ltomorrow afternoon. Can they leave me this long ... |
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 How can i put a lean on a builder that wont pay up???? |
| i did some work for a builder but now he wont pay up and we didnt sign any contract since it was a one time thing so can i still put a lean on the house????... |
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 Simple living expenses question? |
i'm not saying which side i'm on or that i do this....Do you think 2 people can live on £1100 per month if the house is rented for £550 leaving them £550 to live on?
Additional D... |
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 Me and my husband are looking into buying a house? |
| for the first time and we have NO idea where to begin or what the process is like.. can anyone give us some tips or advice? Thank you!!... |
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 Landlord Cheated us ..! can someone Advice ? |
| We went to look for an appartment yesterday in the chicago downtown. we liked the place and we offered the agent that we will put the deposite on the spot. He asked for one month of rent plus ... |
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 What do you think of this place? |
It is for sale; I saw someone else on here was checking it out. Do you think it is worth the price? To me it sounds perfect. What do you think of it?
http://cgi.ebay.com/ws/e... |
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 Is this some sort of a housing scam? |
I have been recently looking to rent a house from a private landlord and so posted a wanted ad on gutree.com. Anyway, i got many responses but here is what most of them have said -
'&#... |
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 Did they just close down circut city?? ? |
| i heard today that they just closed circut city and i was also wondering if they would close down best buy too???... |
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 Do I have a deadbeat tenant or am I just overreacting? |
| I've been renting my second home to a tenant for about 1.5 years now. This is my first time ever being a landlord. At first, he paid on time; after the first 6 months he would start sending ... |
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 What about a 53 year old going into Real Estate as an agent? |
| Making it brief I lost my job some years ago. I have been searching for new opportunties at my age.... |
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 What should I do if I find mold in my rental house? |
| I am in the process of moving out of a rental house. Yesterday I noticed the corner of the wall paper in one room was peeling and noticed behind it was mold! It freaked me out so I pulled all the ... |
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 Is it better to buy a house or rent? |
| when is it better to buy or rent?... |
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 So I have this friend.... She wants to buy a house.? |
| Her credit is not the best, maybe just under bad. She has a good work history, good rental history, good income. How can I get her pointed in the right direction. She applied to a mortgage place a ... |
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 Am I responsible for a house lease which has not yet started? |
| I paid a deposit of one month rent and signed a lease effective Oct. 1st. I have not moved in. My circumstances have changed and I will not be moving there. The landlord wants me to be responsible ... |
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 Why is it better to own your home than rent? |
| its the oldest real estate proverb. Its better to own your home than to rent. you are throwing your money away if you rent. you are making someone else rich. do you agree?... |
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Lori D | My Mother left me Her house which is paid off, It's worth at least $400,000.00. I have horrible credit.? |
I owe $22,000.00 in property taxes. I despratly need help, but I'm not sure what kind of help I'm looking for. I think a private investor, looking for a great return in a short period,(depending on how long it takes to sell the house) I would greatly appreciate any suggestions on where to look for advice, or where to look for someone who might be willing to help me. Maybe someone looking for a house in San Diego, who is willing to negociate privately. Please help. |
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la buena bruja
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Just know this up front---the government always takes their cut. Once the house is in your name, the government will put a lien on it for the property taxes you owe. You might want to hire a lawyer to make sure that you're protected and get some sound advice. It will be money well spent! |
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CUTIE PIE
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take a trip to a lawyers office and start with that |
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troythom
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First of all, your credit rating has nothing to do with the sale of a house. If you are trying to buy one, that is a totally different story. I advise that you talk to a couple of professionals. First an estate tax attorney. Second a real estate professional. They can help you get the best value and pay the fewest taxes. |
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godged
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First off, I'm sorry for your loss.
A private investor is just putting a band-aid on the problem.
Where you should start is by finding out what mistakes caused you to have horrible credit and this debt. Take steps NOW to evaluate these issues and put them behind you.
Next, talk to an attorney that specializes in RE law. Tell him how you got where you are and where you are today. It is worth whatever he or she charges to get legal advice on how to handle your situation.
Typically, private investors (aka hard money lenders) will charge you WAY more than the going rate for a loan.
It is possible that you can put the house on the market with the lien that is inevitably coming for the property taxes and get that settled when the inherited house closes.
But getting yourself out of that jam won't me a thing if you continue whatever pattern that got you in trouble to begin with. Best of luck to you. |
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kny390
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Don't go to a private investor first, you may find yourself without the house. Go to the bank and ask to have a first mortgage or home equity line of credit put on the house using the house as collateral. Then pay this off as soon as you sell the house. |
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Daniel G
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Look for a reputable realtor to help you sell the house. Friends or family might be able to recommend one to you. They will do all the legwork for you. See if you can get an extension on the property taxes too. Unfortunately, I've heard (ancedotally) that the housing market in San Diego is not good at the moment, so good luck! |
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hoof
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Given your credit situation, you may have a tough go of convincing private investors. I would take the property to your local bank or a mortgage broker and see if there is a reverse mortgage product of some type that could pay you over a certain period of time and at the end they own the house. You could use your periodic payments to make restitution on your property tax debt.
Another option would be to auction the house, but ensure that you have the ability to refuse the final bid if it does not bring the value you are looking for.
Even with bad credit there are sometimes options, especially with equity or collateral to back you up. Whatever you do make sure you speak with a trusted adviser from the banking, legal and tax side to ensure you are getting the most bang for your buck.
Hoof |
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AJ
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Ok first you are in a position where you can help yourself instead of others. Now if I was in your situation I would get a loan for the 22k you owe and use the house as collateral. I am sure any bank would go for it. Just pay the monthly note on the loan and once you pay it off, your house is yours free and clear. Personally if I was in your situation, I would use the home to get as much as I could, home equity loan, and pay the taxes, and use the money left over to purchase a home cash. It is a great investment and you can live in one home while renting one out, it pays for your note. Goodluck |
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Wildroze
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Go to your bank I would think that they would help you with a loan considering you could use the house as collateral or if you know someone else that you trust who has money maybe they could put up the 22,000.00 and you could have a contract done up that you would repay with interest once the house is sold. |
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Sattyrant
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Sorry about your mother. From my experience I will advice you to pray for God's wisdom, ask God to show you the best way to solve this problem. Also, get yourself a professional lawyer. Good luck with everything. |
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atlantaboi3
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I am sorry for the loss of your Mother. Honestly, I think your first step should be a financial conselour. Let them help and decide what is the right track and help you get your finances in the right direction. Don't make a impulse decision and put yourself in a worse situation. |
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Wise Credit
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Hello, I have a list of private investors one of which lives in Stockton and would be the closest to you. there is a lot more info that would be needed. I would suggest to start here. It is great website for problem credit loans. Private people willing to loan money.
Click the link below. |
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