Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Renting & Real Estate
Finance Discussion Forum

 I bought my home about 3 years ago and since have gotten married now i am?
tryn to sell my home ,i set a price and the people went to the bank to see about getting a home loan to buy my home the man called back and ask if we would come down on the price because his intrest ...


 Mortgage broker is telling me that I'm needing to come up with about $500 more when closing is scheduled for?
the 10th. This is based on the lender wanting more up front to cover escrow. The closing has always been scheduled for the 10th but now the broker is telling me this has changed because it's ...


 How can I find out in whose name a house/flat is registerd?
...


 First time buyer...house or condo?
...


 Winter Fuel Payment?
My wife was 60 on 07/03/08 and i am still 56.

1.Will she be entitled to the payment
2.Does she have to apply/fill in any ...


 What are the risks / cons with buying home no money down ?
it will be used as rental ...


 Can someone please tell me?
I am renting a unit and the other day the owners turned up unannounced and wanted to look through the unit to see if anything needs doing

I thought they had to give at least 1 to 2 weeks ...


 I have a house on the market with a realtor, my neighbor is interested in it. Can I take it off the market...?
and then sell it to him myself, to keep from having to pay any money to the realtor? Is there a waiting period after I end the contract with the realtor that I have to have before I can sell it on my ...


 Estate agents cant value my property?
My mum and dad have a unique house and the local estate agents have no idea of price.

It's a very nice house and different to any in the town they live and so is more likely to sell ...


 My home is worth 200k less than what is owed. We can't afford the payments and nothing is selling! Walk away?
Nothing is selling in my area and I don't want to deal with a short sale....


 Who takes pictures of the interior and exterior of homes for sale?
I like to look at houses for sale on local real estate sites. And I like taking pictures. It seems that the houses that have pictures would probably sell better. Could I contact a company and take ...


 Buying a house...advice please!?
We accepted the sellers counter offer. But they said someone else was going to come look at it today. So, if these people put a bid for it that is higher than what we accepted, can the seller than ...


 Who gets house?
I meet my wife amost 3 years ago , dated a year and married for almost 2 years. She has a son age 7 that also has been living with us. I have bought a house a year ago with my name on the loan and ...


 If I like a property marked at 190k, what offer is reasonable considering the current market at the moment?
Of course we all want a bargain. Is anyone a Uk estate agent who can give me ideas of what offers are being submitted compared to asking price??...


 What can I do to stop a neighbour parking in a space which the land registry plan shows to be mine?
...


 Will the new mortgage bill help families who have already lost their homes to foreclosure?
It says it will help homeowners who currently are in peril of losing their homes, but what about those who have already lost their homes this year? Will this bill help them to obtain a loan to buy ...


 Who has to pay for apartment utilities not specified in the rental lease?
Recently the sewer bill for my apartment came (it apparently only comes once every 3 months). My lease states I am responsible for hot/cold water, electricity, and heat. It also says that the ...


 How does joint or co-ownership of a farm work in terms of decision making?
My wife and her 3 sisters will be inheriting 160 acreas of farm land. Since there are actually 2 farms, 120 acres of good land and 40 acres of mediocre land, the trust is set up for each sister to ...


 A Garden which is enjoyed by Landlord and Leaseholder Has The Landlord have a right to sale such a Garden?
Does The garden belonged to the Landlord or to the F...


 Can my landlord do this?
My husband and I are currently renting and our lease isn't over until February. Our landlord drops by the other day and informs us that he has come in contact with some potential buyers and ...



meeee_3
Regarding a new home?
We have a mortgage of a condo, which is hard to sell, and we are thinking about getting a new home. What happens if we stop paying the condo when we move out? I know it will mess up my credit, but... do I have to pay it back? The deal i am getting in the house is by far better than what we are paying in the condo, what do you guys think?
                     
 




Carolinahomerates.com
Rating
they will foreclose on the property...and put a lien on your new property....and they may also garnish your wages.

look to see if your state has 'deficiency judgments' and 'garnishments'.

you can rent the old home for the mortgage payment or less....and hopefully you can pay the difference


Happy Now
Rating
Do not buy a home until you've sold your condo... unless you rent it out!

I would find a property management company and they will find the renter and handle all the paperwork, etc. When I had checked into this, I was surprised how inexpensive it was.

Good luck!


Jessica
Rating
this will ruin your credit. I would rent it out if at all possible. The bank will take back the condo and all the money you have put into it will be lost.


Christiane
Rating
DO NOT STOP PAYING YOUR MORTGAGE ON THE CONDO! Either rent it out or sell it. The lender will proceed with foreclosure and you will ruin your credit. From the looks of your picture you are newly married. Ruining your credit is no way to begin your life.

Rent it for enough to cover the mortgage payments if the location will bear it.

Call the people at HouseBuyerNetwork.com and see if they have an investor and or a quick sale agent in your area to help you.

Unless you can afford to carry both mortgages for an extended period of time...do not buy the house...yet...

Remember that most areas of the country have a glut of houses for sale that are "great deals" and highly motivated sellers...so another one will probably come along after you have addressed the situation with the condo.


victoria c
You would be far better off to rent or sell the condo rather than ruin your credit. It would not be a good start to a new marriage to make a big mistake. Because you are married, any lender will want your SSN and check your credit too, even if your new hub has excellent credit, yours is still investigated, I worked for a finance company for a long time and know about how they consider making you a loan


Kate T.
Rating
why stop paying on the condo why not rent it out and let the rent pay your mortgage payment on the condo ? then you could afford the new house and not have to worry about the condo messing up your credit . If the house is a deal then I would suggest renting the condo and maybe in time the condo will be paid off and then you could sell it . good luck.


Crazy cat lady >^ ^<
Rating
Rent out your condo..


MIREYA - SUPER WOMAN!
Rating
BE CAREFUL THE LENDER ON THE CONDO CAN COME AFTER YOU FOR YOUR NEW HOUSE..


k man
not sure they will give you the loan with that payment on your condo. do what everybody is trying to tell you. rent the condo is your best option for long term. i hate to to be a butt why do you want to screw somebody for a mistake you made,


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.794
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy