 House repossession? |
| hi, just wondering (on behalf of someone else) if you have a house repo'd and when the mortgage company sell it on and fail to get enough to cover the debt, how many years is the previous owner ... |
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 Renting privately? |
| Has anyone had any good or bad experiences renting through estate agents or private landlords as im thinking of renting privately but not too sure about it? ... |
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 Is it legal for my landlord to select the contractor for repair work on a unit I am renting? |
| Specifically, there's a clause in the lease that says "Any damages caused by tenants shall be repaired by a contractor or craftsperson selected by the owners". Is that legal in C... |
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 Buying a home.. is it legal for realstate agent to say she'll only take cash? ? |
| been approved by the bank for a loan but realstate agent refuses to sell home to us..... |
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 Anyone know the tips of how to get the house sold faster? |
I have 3 houses in my hand and would like it get it sold soonest.
Thanks in advance for every good advice of yours.... |
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 How am I supposed to do afford my rent? |
| I have a full time job with the government, a second job as a waitress, and I attend night school. Even with my two jobs I barely make over $1000 a month. I am single, and live alone. I live in the ... |
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 What would you do? |
| I just moved to an apartment and we had to pay $400.00 a month for our dog. $200 is a security deposit and $200 is a sanitation deposit. Puld I have to pay $20 extra a month for rent. I don't ... |
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 How much should i charge for rent? |
for an apartment with two rooms, one bathroom, one kitchen and a small yard, in Flagstaff Arizona
rooms and kitchen are about 110 square feet each, bathroom is about 40 square feet
<... |
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 My husband needs to make peace with Grandma. How can we make her understand? |
| Ok, we reluctantly bought grandmas house from her for her named price. It was on a high traffic main road, had apartment buildings on one side, and was outdated. Because Grandpa built it, we put a ... |
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 Can my landlord evict me if he has someone who wants to buy the property? |
| I am under a 1 year lease that expires in April 2008. I have to notify my landlord if I am going to buy the lease to purchase I am renting from him. I am not going to buy it. I will be cooperating ... |
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 I sued a tenant and won a judgment. I need to garnish their wages at work, how do I find out where they work? |
| I own several properties that I rent out. I evicted a tenant and I won a judgment for delinquent rent and property damage, about $3500. I filed a "garnishment of wages" at the courthouse to ... |
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 I'm renting a house: Is it my or my landlord's responsibility to maintain the lawn? |
THERE IS A MAINTENANCE AND REPAIR CLAUSE WHICH STATES:
"LESSEE WILL, AT LESSEE'S SOLE EXPENSE, KEEP AND MAINTAIN THE LEASED PREMISES AND APPURTENANCES IN GOOD AND SANITARY CONDITION AND... |
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 Stuck in horrible mortgage? |
| I bought a house in 2006. When I first purchased property (a house and just under 5 acres) I got a 1st and 2nd mortgage at Wells Fargo Bank 6% fixed on first and like 10.5 on second. My then ... |
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 What's better to rent a house or a town house for same price value? |
| i need help deciding on which is better for a family of 4? a house or a town house and which is cheaper? (bill wise)... |
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 My Ex-Landlord is being shady. Wont give back security Deposit.? |
Here is the situation:
I moved out of my apartment in New Jersey last month after being there 2 years. Before we left we cleaned the apartment thoroughly and rented a steam carpet cleaner and ... |
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 Does anybody know how much we would get offered for a mortgage on joint earnings of approx 37000. thanks? |
Additional Details
oh yeah sorry we are both 23 my partner is plumber and i work in jewellry shop not that that would make any difference. im only part time tho does that make a ... |
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 If I sell my house for money, what return will i get? |
i want to sell my place,pay off debts and move abroad.i have an interest only mortgage but my house is twice the price that i paid for it.
what amount would i have to pay back to my mortgage ... |
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 What to do with a 3 million dollar mansion? |
I'm just wondering...
If you were to somehow inherent such a big big 10 storie 1/2 mile wide mansion, what would you do with it?... |
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 When doing an eviction is their anything that I can do to make it uncomfortable for them? |
| My friend rented to the wrong people and now has started the eviction process. I am trying to help and wish so much that I could use force to get the trashy people out. what can we do to get them ... |
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Elizabeth D | Own 2 houses and need to walk away from 2nd one.? |
Buyer for my 1st house backed out and i cannot do both mortgages. if I move back to 1st house and forclose on 2nd will i lose both even if i have homestead protection on 1st when i move back in. First house has much more equity for us but cannot get another loan or even pay for what we have.
Second house is still a construction loan that has not been converted yet and we are struggling badly now and when it converts rates are going up |
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Gene and Allum
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Mortgage is a secured loan. as long as you have separate loans for both mortgages you will only lose the house that goes into foreclosure.
Contact your mortgage company and find out if you qualify for the Loss Mitigation or Homeowner Assistance program for either Pre Foreclosure Sale program or Deed in Lieu of Foreclosure.
Pre Foreclosure will allow you to sell the house for less then what is owed w/o the extreme negative reporting of a foreclosure. Deed in Lieu will allow you to return the home to the mortgage company instead of going to foreclosure. Depending on the loan type, those options may vary but not by much. Most loan types will require you to at least make the attempt to sell the home before you qualify for either program. |
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Judy W
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There is some protection under the homestead laws depending on your state. However it is a bad situation credit wise and you are not automatically in the clear if they foreclose. You can end up still owing on the foreclosed property or even owing extra income tax because the difference in what is owed and what is realized from a foreclosure sale is charged back to you as income.
Talk to your bank and see if you can do some type of loan suspension or combine the 2 loans and lower payments until you can find another buyer for the 1st house. The banks really don't want your house and they can work with you to figure out an option that prevents foreclosure. You may have to be persistent. If you have a local banker you work with regularly start there, if not try contacting the Loss Mitigation Department of your lender. Be upfront and honest about your situation. If you can't work anything out and do end up in foreclosure be sure you check out the tax ramifications.
Good luck! |
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Information_Dn
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Depending on the state and area you are in. A way to definately get a buyer. An option to keep is the Rent to buy option. You give a renter say $1000 worth of monthly credit from a $1600 rent towards purchasing the home you are financially drowning with. An extra incentive is also to offer to be the mortgage holder at a lower than current bank rate. And the best way is to price the home at a price it will definately sell at. If it hasn't sold it is because it is over priced either because of the area, the size of the home, the condition of the home, the neighbors; Besides current economic situations. You may have to take a cut in the price but make up part of it in the lower interest you get over the years. And remember make the note negotiable thus if after a couple of years you want to sell the note for the lump sum cash value you can, be fair to the buyer no penalties for prepaying, if they want to pay you at any point and refinance.. |
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leblanc_brandi
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increase value of house by doing work yourself then sell it |
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Big Al
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I'm a real estate investor and I belong to an investors group that will be happy to help you. You may go to www.webuyhousesforcash.com |
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Shawnaj
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what state and city are you in? |
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David M
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We were in the EXACT same situation.
We rented our second home for about the mortgage payment. We plan on keeping it rented in hopes that the market will rebound in a few years and we will then be able to pull our equity out...
a word of Caution... You will need to pay capital gains tax if you cannot prove that you have lived in the house for 3 of the last 5 years... |
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Linda W
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Sometimes investors will take over one of your loans to buy your house and may even give you a little cash in addition to avoid you having a problem with you getting bad credit. They usually want to get some equity above what they have to pay in order to do this. I could connect you to someone if you were interested. Where are you located? |
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nina o
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Where is your first home located |
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Mary B
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I had a similar situation, two mortgages, one not selling and not close to my new job. I rented it out. The realtor that was trying to sell it told me for three months that she couldn't rent it either. I took out an ad in the local paper and rented it in 3 days. There are not many good rentals on the market right now, so keep the price reasonable, just above your mortgage payment, and find a good person to take care of it for you. Our plan is to try to sell it again in a couple years when the housing market is hopefully straightened out. Then again the renter is already asking if we want to sell it, she never thought of owning her own home until she rented a house instead of an apartment. Good Luck. |
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Michel C
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Here are couple options you may or may not have thought about... can you short term rent your current house to at least help with the mtg until the other house is completed? Also - if you have qualified for another mtg and you have alot of equity in the first house, I can not see how you couldnt get another loan or equity line on that house.
If you have not applied for homestead and closed on second it should be fine as far as that goes, but if you let the home go in to foreclosure, understand this is a death sentence for future loans and credit. It is the worst thing you can do. If you would like to email me, maybe I can help... proactive1@prodigy.net |
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