 Bad service form an realestate agent can i get out of the contract? |
| I signed a contract to sell my house. The agent never returned my calls always took 5 - 10 days. They would rumage through my belongings, leave the t.v on after an open house, and gave me 10 ... |
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 I own a house and rent it out, but the rent doesn't cover the entire mortgage, and I have fallen (see details) |
| behind on the mortgage payment and am thinking about letting it go to foreclosure. Can I still collect the rent? And what should I do with the rent money? Do I have to keep it in an account, or ... |
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 Why are there so many home foreclosures? |
| I've been reading about how there's a real big problem these days with people losing their homes? I'm sure that sudden unemployment or over-spending might account for some of it, ... |
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 If you put your house for sale do you have to sell it if someone offers your asking price? |
| if asking 200k, and a buyer offers 200k, do you have to except his offer. is there a penilty if you change your mind and do not sell it to the offerer?... |
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 When is my first mortgage payment due?? |
| I have just applied for a mortgage with my partner. I was just wondering about the first mortgage payment. If we are accepted for the mortgage, when will the first payment be taken out of our bank?... |
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 What do you think of this move out deposit? |
| I rented for 2-3 years. We had cleaned the house and had the carpets proffesionaly cleaned. We did our walk out inspection on the 5th. The lady said that it was 'one of the cleanest houses' ... |
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 I was willed a home that is upside down on the loan? |
what options do i have?
I cant afford to keep it...can i just tell countrywide to take it???... |
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 Flatmare refusing to pay rent.? |
My flatmate is refusing to pay rent, however she has signed a joint lease but the rent comes off my account.
She quit her job and now has no money but she's refusing to contribute ot rent, ... |
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 Can i sue my previous landlord for this? |
| My previous landlord is trying to sue me for damages to the house and not paying rent when they kicked us out 3 months before the lease is up. Also they kept the security deposit that I was promised ... |
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 Customer wont pay? |
| I have just fitted a kitchen for a customer and they are refusing to pay. The kitchen was fitted last week and the money was due today but they say there is a scach on the work top so they are not ... |
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 How does paying down a huge amount on my mortgage affect my payments? |
If i buy a house for 300k, put down 30k and get a loan/mortgage for the remaining $270k . if 1 year later
i pay off a big amount of about 50-60k on the loan, will that help my loan payments at ... |
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 How do I get my landlord to stop the flooding of my apartment? |
| I have a townhouse that has a porch and sliding glass door. Twice since i've lived there and we get heavy rains, the water comes in from underneath the carpet by the door. The first time it ... |
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 As a tenacy with contract of one year how long notice i ha to give to may landlord as i lived 6 month? |
| I lhave a contract of one year in a property in uk i benn living about 6 months now i need to give notice to my landlord do i give one month notice or 2 months?... |
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 How to change from a 30 yr mortgage to 15 year? |
I bought a house a year ago and am in a 30-year mortgage. I was just looking at a 30 vs 15 year calculation and the 15 year mortgage is only about $100 more a month.
Can this be right? The loan ... |
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 My lease ends July but, my apartment says I cannot get out of the lease until September.....? |
| My lease ends July but, my apartment says I cannot get out of the lease until September because I didn't give them a heads that I was leaving on July. Is that true?... |
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 Once the old house is purchased how many years can you sew last owner for hidden faults? |
| we bought the house last year only to find out that the floors are completly rotten under ceramic tiles as well as the floor in the basement under carpet. Rotting is due to water entering over ... |
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 For all builders out there honest questions no stupid ones? |
| we hv just moved into property owned by housing assoc brand new were told not to do anything repairs for a year time is up now by law what should they be doing bearing in mind there are cracks ... |
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 How low will House Prices crash to? |
| How much are house prices going to drop in the next year? First time buyers need up to 50% to make them affordable... will they get there?... |
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P B L | My mother has left the family home to the 3 children - has any one had experience of how this can work? ? |
My mother has left her home to my sister, my brother and me. The house, which is by the beach, has been in the family since 1915. It was always a summer home until my parents got sole ownership and they moved here permanently 30 years ago - it then became the family base. Now that my mother has died we are talking about how we are going to share it. Both financially and practically.
For example, my brother suggested setting up a corporation with everyone getting shares that we were able to pass on to our offspring - any one know about this?
On the practical side, does any one have experience of running a house 3 ways re day to day bills, cleaning, restocking etc? |
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A_Kansan
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Don't need a lawyer, and stay away from LLCs unless you want to conduct it as a vacation rental, and then only do so for liablility reasons. LLCs can complicate your taxes and other things as well. LLCs are not a corporation. An S corp would actually have shares with the asset being the house. You would have to transfer the house to the LLC or S corp and that will cost you money as well.
With your mother leaving the property to the kids, you each already own it as Tenants In Common. This means you each own the property without division. With division, you could own 50% of the property, with your siblings owning 25% each.
If you all get along and can count on the others, you can decide which one of you manages the property if you decide to rent it. For this responsibility that person should earn the management fee of 10% of the rent, in addition to splitting the profits.
If one of the siblings doesn't really want to be involved, or say doesn't hold up their end, they can sell their part of the property to the other two. This may entail getting a mortgage though.
It doesn't need to be complicated if you don't want it to. |
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celticbuddha
 |
go ask a lawyer who deals with estates and/or wills. |
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mamatsidale
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Please consult an attorney. The idea of setting up an LLC makes sense, but someone will still need to take care of the details. Perhaps that can be agreed upon amicably; just take care of it before it gets more complicated. |
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nedree@verizon.net
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this never works with family.it will only get uglyer as time goes by.agree on the value.if one of you want it.buy the other two out.or sell it and split the proceeds. |
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DrRocco
 |
Ask Dave Ramsey. |
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estielmo
|
The cleanest way is to have it appraised and have the one who wants it most buy the others out or simply sell it or rent it out.
However, if you can actually share it without killing each other that might work out nicely.
For instance, using mom's records see how much the utilities, taxes, insurance, etc were on an annual basis. Then I'd add 50% and divide that amount by three on a monthly basis.
For instance, say it cost mom $10K a year to run the place. I'd budget $15K and divide by 3 to be about $400 per month each. That allows for building up a repair/upkeep fund.
If the repair fund gets overly big just draw down on it or use it the pay the monthly fees. |
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ladytoobusytotalk
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Trying renting it out every week to people who love to vacation. |
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Fred S
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Just be aware that one person can force the sale of the house if they want their money and the others don't have the cash to pay. You all could be in the title with equal shares and titled so that the shares pass to survivors. |
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DRE
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You should set up a bank account in all of your names in which you deposit money to use only for the house. Say you rent it for a week-- the money is deposited into the bank account to use to pay the bills. Pick a couple of weeks per year that you all plan on staying in the house and try to rent it out the rest of the time-- all the money you make renting it out will go to cover the bills.
If you want to keep it and not rent it out, each deposit $100-300/month into an account and use it to pay the bills, if no one is staying there the water bill and power bills will be really low.
If there is one of you who particularly wants the house, then that person should buy the other 2 out. Have the house appraised-- whatever it appraises for divide by 3-- take away 1/3 bc that would be their 3rd of your inheritance and pay the other 2 their 1/3s
Family and land/property...etc is never an easy thing to deal with, but i hope this helps! |
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Pogo
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You could hold it as Tenants in Common with a named percentage for each person but their heirs would have to do the whole probate thing OR you might consider setting up a family trust. With a trust you have trustees, co trustees, beneficiaries ... etc etc. Talk to a real estate attorney. |
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Tsunami
 |
what you can do i assume the dad is gone also? i hope so cause its his till hes gone. you just put in money each time you all need soemthign and do it same and keep friends and that is ok and use it when each one decides one goes for one season and so on or each week butyou all have to foot the bill and dont' make a thing out of it caus ethat may cost money in the long run. |
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