 First time home buyer what to do?? |
| First time home buyer...anyone know of a great bank, mortage, that helps you out alot if your a first time home buyer. Is it true that there is a First time homebuyer Loan?... |
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 If my landlord charges me more for rent then the other tenants is that against the law? |
| I want to know if it's against the law for my landlord to have me sign a contract with me paying more rent then his other tenants and how do I go about the issue. It's not a fact just a ... |
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 If you buy a new house and walk away from your old one, can't they put a lien on your new house? |
| My sister wants to get a new home and walk away from her old home. Can the bank connected to the old house do anything to the new home such as put a lien on it in order to collect the debt or do ... |
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 Returning a deposit to a tenant? |
Hi
I am trying to understand the rules about returning a deposit. I have a tenant who has been smoking heavily in his room, spent about two weeks sleeping on the bed without a sheet and has ... |
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 Made an offer on a house 6 mths ago and still have no answer from the selling bank. Should it take this long? |
| We are preapproved on our loan from another bank. The house we are looking at was almost in foreclosure when we put our offer in. There are several other houses in the area going into foreclosure ... |
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 If Dow drops 300 points is it best...? |
| to find a better loan for a mortgage? If I am in a adjustable rate loan, is it best for me to stay in it or refinance to a fixed rate loan. I'm doing a research for my school, and i was ... |
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 I'll be mega impressed if anyone can answer this question!? |
| I know someone who had an offer accepted on a newbuild flat in Leeds many months back. They exchanged contracts about a month back, with completion to happen as soon as the flat was hospitable. His ... |
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 Is it a bad idea to buy a house right now? |
| my husband and i are stuck in a situation where we need to find a new place to live quickly...is it not a good idea to buy a house right now with our economy like it is? thanks for any advice!... |
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 Husband will not pay rent am I responsible? |
| My husband signed a written agreement that he agrees to pay half of the rent for our home until our lease is up in January 2008. I said he can come and go as he please, but just pay his half of the ... |
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 I want a home. But my credit score is 520. PLEASE HELP!? |
| I am currently renting a home for 900.00. i am renting from an individual. I make 3780 a month. I THINK I can afford a home. The problem is that the lady I am renting from wants to sell this one. I ... |
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 Does anyone know if there is anything i can do once a sheriff has served a vacate premises notice? |
| ok. back in oct. of 07 our 1 yr. lease was up. landlord wanted to sign another 1yr lease but we refused b/c we were in the process of trying to buy a home. well, went to court to try to get us out ... |
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 If we buy a different home and default on the one we have is there a law to stop us? |
We wanted to switch houses to bring our mortgage payment down. We talked to a realtor this morning and she was a crank and a half..so I don't believe what she told us.
She said that B... |
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 My renters claim a 'flea' problem? |
| They are new tenants. Two weeks after they moved in they claimed there was a flea problem. We've never lived there with our brood (three dogs, two cats). Also, they are the first people that ... |
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| How old do u have to be to own ur own flat? |
| e.g. rent a flat and also does anyone know how much u get when ur on the dolll? I'm not going on the doll lol !! I'm jst bein nosey .. Thanks =]... |
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 If you rent your home and pay to have pests professionally removed, can you legally deduct that from the rent? |
Since I rent, can the price for the professional pest control Orkin, Terminix or whoever, can that legally be deducted from the cost of the rent?
Can the entire price be deducted or only ... |
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 I have about $500K in savings, no income (law student), and am buying a $270K house. Need down payment advice: |
It will be a 3 bedroom, so I will be renting out, getting $1000 a month from renters. How much should my down payment be, considering my savings situations and lack of income?
Additional D... |
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 Can he do this? |
| My landlord has started charging £5 to deliver electric tokens (which we all have from him) yet he only comes round with them (the free delivery) every 2 weeks on a friday night. There is no other ... |
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Rossy | Real state scam????A friend of mine who's realstate agent is offering me to buy a home with my credit and th |
and he will pay me 10,000 US dollars, just until they fix the house, supposedly they will pay the mortgage until they sell the home , i wanna know if anyone has heard of anything similiar, or is it a scam. |
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livigninchrist!
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There is Definitely a scam like this. A guy in Stockton CA was just arrested for this same scam. He would buy a house for less than it's value, then, he would get a "straw buyer" (that is what you would be) to buy the house at an inflated price, he has a team that includes an appraiser that would overstate the value, then he made a couple of payments on it then let it go to foreclosure. He kept the profit from the sale and the "straw buyer" is left with ruined credit and no house. There is alot more to the story I just wanted to give you the "nutshell" go to recordnet.com and type in Amahd Real Estate Scam and you should get the entire story. Even if you think your guy is legit, check with an attorney before you sign on the dotted line. You never know and you could be ruined and have no recourse. The house will be in your name and you are the responsible party. |
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robert w
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Rossy,
got running shoe on? good start running now. u'll get stuck hard with a house that won't sell and a mortgage from hadies.
Run!
Never ever let ANYONE use ur credit, period. even if u are married. |
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godged
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When it sounds to good to be true, it is too good to be true.
This is not a friend. This is someone setting you up to be a straw buyer for some reason, and you will be the one paying the piper. And doing the time. |
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mia
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I agree with Robert - run like hell. |
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My Answers Suck
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its a case by case scenario, if he wants to screw you & can, he will. if hes honest he wont. its not the procedure its the person. can you do what you described, the one thing is, if your the buyer & you receive 10k for buying it, this is illegal IF the lender doesnt know about it & if they did know, they probably wouldnt allow it. that being said i doubt your friend is a hard core criminal creating fraud, what you described is actually pretty common, most people just look at it as no big deal, but it is fraud & you lost the property to foreclosure & told the bank everything, you would get yourself & e1 involved in some trouble...how much, dont know talk to an attorney. |
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timbugtiny
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Report it to the fraud division of your local police and IRS. Wait and see what they want you to do. |
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HH@20
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Rossy
Your name is on the contract. Your name is on the mortgage. Your name is on the tax bill. I would want a lot more than his verbal promise to be responsible for all of those current and potential costs. |
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Expert Realtor
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Yes, it's called a "straw buyer", and it's a felony if you participate.
It is a well-known real estate scam.
They want to use your credit to secure the loan, they will strip the equity, and then STOP paying the mortgage...leaving you with a foreclosure on your credit and them absconding with the profit.
They tend to target students and Hispanics (who are new citizens), who have good credit and don't understand the system.
PS: Do EVERYONE a favor and play along like you are going to engage in the ploy and get the "Realtor" to "drop off" the paperwork at your home...when you get it (DON'T SIGN IT!), call the Real Estate Commission in your state...these people belong in prison and you can assure if they are trying to do this to you, they will do it to someone else. |
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rlloydevans
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This is a fairly common scam. Several real estate "gurus" hype this technique as a way for someone with no money and no credit to buy property and flip it.
The trouble is this is mortgage fraud. You are purchasing a property for someone else who could not purchase it on their own. Plus it would be conspiracy and a few other things that a prosecutor would be happy to throw in. All of which equal federal jail time and hefty fines if caught.
That is assuming that the deal doesn't go south and leave you with a toxic waste dump for a property.
Run. |
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dianaparisian
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Now WHY would anyone other than a relative do this for someone????? Why can't they use THEIR credit? Don't let anyone use your credit. It is valuable and becoming more so every day. |
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Carolinahomerates.com
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friend?
why dont you search what a 'straw buyer' is....then maybe you'll think about making new friends.
friends that wont put you in jail for a minimum of 1yr for each FELONY COUNT |
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Sharon
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If it sounds too good to be true, IT IS! |
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teran_realtor
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Arrgh! Now don't ye be doin' a thin' like that or you'll be lookin to send that "friend" to Davy Jones' locker! |
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