 Nightmare UK Landlord? |
I hope you can help..
I have lived in a shared flat with 3 others, including a chap who co-owns the property with his uncle. He has never sorted out a written tenancy agreement although ... |
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 I lost my job and need to pay my apartment's rent , what do I do ? |
| Lol , friends and family have already made it clear that they "arent willing to help"... |
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 I'm in the process of buying a house, and I think my mortgage broker might be predatory. What should I do? |
| I have lived in this house for 4+ years and have a chance to buy it for the remaining amount on the owner's mortgage. Property values in the neighboorhood have increased in the past few years, ... |
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 I am trying to get a mortgage really soon to move out within a week. I need to get one very fast? |
| The bank lady is saying that it will take another couple of days to run the credit. We've made over 200,000 this year and have paid taxes on it and we want to buy a townhouse worth 200k in N... |
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 I rent a room in a house and would like to know who is responsible for taking out the trash. |
| I have a 2-year lease with the landlord and there is nothing stated in the lease regarding who is responsible for taking out the garbage.... |
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 Who typically pays the ‘brokerage fee’ when selling/buying a home? |
| We want to sell our home and the agent sent us an outline of fees and what we can expect to make given how much we sell the home for. The ‘Brokerage Fee@ 5% Total Commission” is listed close to $3... |
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 I have a tenant that hasn't been paying their bill for 9 months now...? |
| and everytime i ask for their payment they always have the same excuse.... im stressed abt this, what are the legal actions i need to do? please help.... |
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 How does people owned so many houses? How they do that? |
Hi,
I’m not sure how ppl buy so many houses without any issue.
I’m having a mortgage for my house and my fiancé also have his.
If we go ahead and buy another house, ... |
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 My landlord used a portion of my rent for fence repairs that are not my responsibility, now he says I owe rent |
| Long story short; a fence behind my apartments was damaged and my landlord sent me a bill for $270. I am not responsible for the repairs because neither I, nor my children did the damage. On more ... |
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 Is the property cheap in Iran? |
| Are prices of properties and houses cheap or expensive in Iran? Is it cheap and expensive to live in Iran? Can you own your own farmyard cheaply in Iran?... |
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| How much does he owe me? |
| I bought a phone for $200. My friend was going to sell it for $400, but got robbed. Does my friend owe me $200, or $400?... |
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 How to comfort a real estate broker (my wife) who lost a deal which she works so hard for so long? |
| My wife (a real estate broker) has worked on a deal very hard and she lost it today. She is in very dipressed mood. I don't know if words like "...you can make other deals next time..."... |
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 2 guys rent apt. one quit job,owes for elec.and hasn't pd this mth rent. How can I get out of lease 3mth bal. |
| 6mth lease, both name on lease, #1 has not pd his 1/2 this mth. Owes for deposit and electric $450. How can the guy who has paid all along (kept recpts) get out of the lease or save his credit. #2 D... |
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 Don't all of those greedy real estate flippers deserve to lose their homes and all of their money? |
| These people are the very ones that kept raising their prices, pushing houses higher and higher, becoming greedier and greedier, refusing to sell until some greater fool came along and payed an even ... |
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 Mother passed. Stepfather living in house.? |
| Addendum: My mother had the house built long before he came along. He has been living there since they married in 2003. The house has 3 more years of payments, I don't know if he is making ... |
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| Do I have the right to refuse to let the landlord spray pest control in my unit? |
| I came home to find a list detailing that I would need to pull all the items that are in cabinets, drawers or closets out and into the center of the room so that they could douse my place with ... |
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 Can i make my ex girlfriend move out of my house? |
my house and all utillities are in my name i own it can i force her out we have 2 children together
Additional Details
well i guess i will need to clarify she lost custody of her 6 yr ... |
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 Who pays the buyers agent fee when the residential property is being sold by the owner? |
| I am interested in buying a property that is being sold by the owner (who does not have a sellers agent). The property information states that buyers agents are welcome. Do owners who sell without ... |
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Melissa T | My husband and I would like to buy a $200,000 house. Can we get a mortgage in our situation? |
My husband makes $30,000 per year and he will soon be changing jobs to become a corrections officer making $49,000. His credit score in the mid 500s. He only owes $2,000 in debt. We will be paying that off soon. I on the other hand, will be starting a new job in two weeks that pays $12.00 per hour full time. My credit score is in the low 500s and I owe $15,000 in debt. I am working on saving for the down payment. Would we be able to get a mortgage if I save 20% down? Or should I pay off debt? We want to work on getting a house by summer 2011. What should I do?
Additional Details
Taylor B. I live in NJ. $12 is well above minimum wage. My husband's new job is that of a corrections officer. He will be making pretty good for our area. Not sure where you live. Also, with only $15,000 in debt of which $5,000 is student loans that are deferred because I am still in school, I don't think we are doing too bad. The rest is medical and misc. Only about $800 is credit cards, so I am not like those people with all credit card debt. So, don't talk down to me. |
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Real Estate Guy
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Pay off the debt first.
Go FHA with 3.5% down.
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reenzz
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Your credit scores are killing you. You need to build it up...and at the same time save for at least a 10% down payment (20,000.00). Also your mortgage to loan ratio is way off. Pay off your debts, work on your credit and you may be ok. |
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src50
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Work and pay off your debts - then start saving. That is the only way to prepare for a house purchase. |
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Cheryl G
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Pay off all the debt and work on improving those credit scores. Don't close the accounts when they're paid off, just let the higher interest accounts lie dormant. Only charge the amount you can afford to pay off in 30 days. In that way, you'll improve your FICO scores substantially.
In today's financial atmosphere, you'll be hard pressed to get approved for a mortgage. If you did get one, it would be at terms you couldn't afford.
Save up, pay off the debt and see where you are in a year. |
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Dale H
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You need to clean up your credit. You cannot have scores in the low 500's without serious credit problems.
Get copies of all three credit reports and make sure any collections are paid and updated a.s.a.p.
You can work on paying off other debt, but start by paying all of your credit accounts on time. If you do that between now and your purchase, that should help your credit scores.
I think 200K will be abit of a stretch. With 75K income, your housing expenses shouldn't exceed about $1,600 month. At 7%, the payments on 200K would be $1,330. Then you need to allow for taxes, insurance and PMI. That will make it tight.
Save as much as you can for down payment and reserves. Pay your bills on time and try to stay on the same jobs or better between now and then and 2011 may be a possibility.
Good luck. |
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golferwhoworks
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pay off any bad debt first then all others staying current at all times then save up down payments and closing cost as well as an emergency fund of 6 months expected living expenses.
I am a mortgage banker in TN & KY |
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David A
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Bottom line, your credit is not good. My guess is that you had a bankruptcy in the recent past as it's very difficult to have only $2000 in debt and get a score that low. There's probably no way you'll get approved for a loan in the next couple years. Step 1 to repair your credit is to start paying all of your bills on time starting now step 2) get a copy of your report step 3) is to dispute any accounts that aren't yours 4 is to pay off any collections that are showing UNLESS they will be 7 years old in the next year or so, in which case it's best to just let them go away (state law usually dictates a 7 year statute of limitations on bad credit). SInce you are talking about 2011, I would say that you have a chance of affording a home. Save up for the down payment, but go ahead and pay off your debt too. A little credit card debt is fine and in your case might actually help you establish better credit, but do pay off your collections unless they'll be 7 years old in 2011 when you are going to need to use your credit |
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Expert Realtor
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Even if BOTH of you had ZERO debt, right now, right this second, your chances of getting approved for a $200K loan is ZERO.
Here is a list of the reasons why:
1. You need a 2 year work history in the same field.
2. Your hsuband will need to work as a correction officer for a minimum of one year since he is changing industries and show a 2 year total work history.
3. BOTH of your credit scores need to be near 700 for a loan to fly for that amount.
4. Unless you plan on inheriting money, with that income and debt, there is no way you'll be able to save a 20% down payment, which would be around $40,000.
Your student loans WILL be counted in your DTI ratio, which is another reason why you won't get aproved. Banks don't care what type of loan it is....a loan is a loan that has to be paid back.
Yes, you are like "all those people with credit cards" b/c you are racking up financial obligations that you are not paying back.
On a scale of 1 to 10 your entire credit profilt is about a 3 or a 4. It's not the worst I've seen...but it's just about 2 steps from being there.
You don't get a 500-range credit score by paying people you owe..you get it by not paying what you say you will. |
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Gefilte Girl
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You have very low credit scores. You need to pay off debt first, then save for at least 20% down. Your incomes are also very low, but I imagine you're from an area where that is affordable? |
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therealestatedealer
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You definitely want to straighten out your credit situation. It is going to be hard to get a loan, even with good credit. If you need help with raising your credit score, go to www.RaiseYourCreditScoreNow.com. |
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