 While I was visiting my property to collect rent, my tenants' pit bull attacked! What can I do? |
| Yesterday I had to go visit some of my rental property to collect rent, like time and time again.....the tenants left when they found out I was in town. I was surveying the property when their pit ... |
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 Why do I only see masonic lodges on the nicer neighborhoods? |
| For many years, my hobby has been to drive around in my car, and just look at the pretty houses. Friends actually enjoy me taking them on tours of the nicer neighborhoods to show them houses, I know ... |
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 Would a landlord evict over grease marks on walls |
if you intend on painting it before moving out and pay rent on time and keep the place clean others wise, would they kick you out over just grease marks on the walls?
Additional Details
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 Can we afford this loan for a home? |
| Ok, hears the deal. My husband makes about $60,000 a year and im a stay at home mom. I have no credit and he has not to good credit. His score is about 600. We want a house for about $150,000. Do you ... |
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 Is it legal for a non-family member to rent a room in your house? |
Our next door neighbors are letting non-family members rent their basement, and they have been there for about 6 months or longer now. I would like to know if it is legal or not.
Additional D... |
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 Landlord didn't pay gas and got shut off what can i do? |
i live in cicero, il and the management company didn't pay the gas and it got shut off what can i do?
Additional Details
thay agreed that they would pay the ... |
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| I'm moving and I dont have any help. Some of the things i need thrown away are way too heavy for me to carry..What will happen if I leave it in a pile inside the apartment and put "trash&... |
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My apartment just flooded. can i break the lease agreement now?
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 House flipping, renting duplex's? |
| Hi, I'm very interested in starting a business flipping homes, and or renting duplex type properties. I however, lack experience, and would like to get a feel for buisness. I want to take some ... |
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 What are the 10 most important things to move into your first apartment with? |
Your top 10, please....Can be anything....tv, couch, bed....etc.
Additional Details
I'm just getting some fun ideas because my boyfriend and I are saving for our first place, at 22 ... |
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 Best way to split a home sale between two brothers? |
| My sisters husband and brother-in-law share deed/mortage on a home which also includes a upstairs apartment. The brother feels the income should go to him instead splitting for home repairs and ... |
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True ... |
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 Is it wrong to make an offer on the first house we looked at? |
| We want to make an offer on the first house we walked through. We saw one after that but did not like. We have been looking at houses on the internet for months but just got the cash to buy one. I ... |
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| To buy or not to buy (our council house)? |
| We are renting a 3 bed council house with good back garden and drive to front in a fairly nice area of a fairly nice town. We know we want to stay here for a long time but don't know if now is ... |
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 Just got kicked out and i got a 3 day pay or quit letter. if i dont pay it how long by law do you have? |
| the lease is over in september and i dont want to pay rent now. i want to know what the laws and the rights i have and how many months i can be here please let me know thanks!... |
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 Can I get a home loan for 99,900 with an income of 44,000 and no downpayment. ? |
| My credit score is 575 and my husbands is 595 and we have not been late on a rent payment ever.... |
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| Is this a bad idea? Im worried if I dont put an offer in soon someone else will and it will be too late, but will they be put off if I dont have a mortgage ready?... |
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 I'm just about to buy my first house...? |
and I'm down to three contenders:
http://www.losanjealous.
http://farm1.static.flic
http://www.... |
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justme | Screwed out of $5000 by our real estate agent? or standard practice? |
We found out a week before closing on our house that we qualify for a $5000 interest free loan from the city housing dept because we are in a low enough income bracket. If we stay in the house for 10 years we don't have to pay it back. Our real estate agent said that we have to close on Friday because that is how the sellers are going to pay the contractors who put in the new HVAC system and to pay for tenting the house for termintes. The sellers agreed to pay for all that. I don't see why we have to loose the 5000 loan/gift because the sellers don't have the cash to pay the contractors, even though our contract says it is their responsibility to cover those costs. It would only take 3-4 weeks to get this loan through.
My husband and I decided to just close on Friday but I am sick about it. I am not excited about owning our first house anymore and If we walk away from the house we loose $1200. help me feel better about this!!
Additional Details
We asked our lender about this loan last month and she made a mistake and thought we didn't qualify when we do. There was no info about it on the city website when we checked for ourselves lat month. The house is only850 sq feet and we are asking for the HVAC because it had NO heat or air and that isn't legal. We are paying the asking price. No one is getting screwed here except us. These sellers are turning the house over as a gain. We are struggling to get our family into our first home. I'm so sick of real estate idiots who don't care about families trying to make it. |
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fifulka2000
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Yeah I agree, your agent can tell you about diff programs and lenders, but today the banking programs change so frequently even the loan officers dont know whats going to change tomorrow. If anything blame your mortgage broker, but its up to the seller to accept any changes on the contract. Govt loans are harder to get and sometimes do not go through Thats loss off time for the seller and they might have their deadlines to meet. If your new house has electrical, heating, plumbing,( etc). problems you probobly would not get qualified for an fha loan
Ok I think the bottom line is this im guessing that the house had termite problems, not too atractive to me however hey it might be a good deal. However the more time you have the more time you have to back away from the deal and find something comp, in today's market that is really a possibility, and from the sellers point its not always about collecting the earnest money its the loss of deal alltogether. Look at it this way you got a good deal anyhow, they fixed the problem so you dont have to deal wit it and lawsuits that would arise. Real Estate goes up in value over time Enjoy the home Refinance? You will make up the losses and then some |
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Michael L
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While it is a nice "service" to tell prospective buyers of all the different loan programs and down payment assistance programs that might or might not be available to you it is NOT the job of the real estate agent to do so.
That was YOUR job before looking for a home.
Look at it this way... You were able to get into the house without a handout from the government. Now someone who actually needs that $5000 will be able to benefit. Those programs are not bottomless pits of money. And we need to stop looking to the government for handouts.
Congradulations on your new home. Be happy, be healthy, and enjoy. |
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acermill
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I'm going to answer here, but it's not going to make you feel any better. Who is responsible to find out the best loan for you as well as any subsidies for which you may qualify ? That would be YOU, my dear.
And now you think the sellers should simply wait another month to close because you just discovered this ? And now you want to blame the REALTOR because you were told to stick to the deal which you signed ?
Has it occurred to you just how much inconvenience you are asking for ? Next time do your homework BEFORE you get to class.
And yes, it IS legal to sell a house without heat or air. There is nothing illegal about selling 'as is'. Furthermore, it's none of your business if the sellers are 'turning over for a gain' or not.
If you were my kid whining like this, you'd have a size 10-1/2 planted firmly in your backside. If anyone is to blame, it's your lender who missed this deal. And it's not HER job either to discover whether or not you qualify for such subsidy. |
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chatsplas
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Well stop moaning and blaming everyone else.
YOU TWO didn't do your research and find out about this loan BEFORE you put in an offer on the house, which is what a prudent buyer would have done. It's not the realtor's job to tell you about financing programs available, for which you might or might not qualify. You screwed yourselves!
YOU two signed a contract agreeing to close on this date. Just because it might be convenient to you to close later doesn't mean you can or should. That would violate your contract, your word. It would cause financial hardship for the seller and the the contractors. You are legally bound.
$1200 is an extremely low earnest money payment. If you're so sick and unexcited now, maybe you're just not cut out to be home owners, and you should walk. Of course you could then be sued for specific performance.
Your Sellers are spending a LOT of money to get you to buy this house with putting in new HVAC and tenting the house for termites. And after they've gone to all this extra effort for you, you want to stiff them and not honor your agreement. They've honored their side of it. It's none of your business how the sellers are paying for all this work, but it is very common for it to come out of the sale proceeds. |
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mortgage underwriter
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What does you purchase agreement say? If you've got a "must close by" date in there, and it's soon, you may loose more if you close late. |
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Mr Placid
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Well, you're stuck with the terms of your agreement, and those terms require you to close by a certain date.
But, the terms of a contract can always be modified by agreement of the contracting parties. If you really want this $5000 loan, then make an offer to the sellers. Tell them that you will give them $1500 (or whatever) in exchange for changing the closing date to August 20 (or whatever). |
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Real Estate Guy
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Sorry, but I have to agree. HOWEVER, if you say you are backing out, then see what happens. |
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webserver227
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You might not even live in that house for 10 years. Most people sell in 7 years and move to another city or location. |
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LadyCatherine
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"the HVAC because it had NO heat or air and that isn't legal"
You can sell a house with no roof...yes, it IS legal to sell a house with no heat or what ever, just as long as you tell the buyer up front.
If I had been you.. I would have walked away and gotten a different house..
NEVER buy something under stress. |
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