 Having problems with my landlord...Need legal info and direction!!!? |
| My landlord sent a certified letter from his lawyer stating that I had 30 days to put my 22 year old son out. My son is not named on my lease (which) I drafted, but there is no statement regarding ... |
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 What if the banks appraisal is less than my offer? What happens then? |
Is there a contingency we should have made regarding this issue? Or is it standard to renegotiate or just with draw?
Additional Details
Maybe because I live in a very small town, but we ... |
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 What's the difference between Condo and House? |
| as an owner of a Condo, do you really own the land on which your home is built? how often do they increase the maintenance fee?... |
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 Would anyone buy a house that appears to have termites? |
| I have never had anyone come out and see for sure, but I have found a baseboard that was eaten away. The footer behind it is solid as steel however. I also found what I THOUGHT was a crack that ... |
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 I want to buy a home? |
| I know which home I want, and I am also pre approved for a loan. Who should I contact to handle all the paper work or does the seller take care of all that?... |
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 Why is it so hard to get housing? |
| Council housing that is, unless you are 17 and pregnant!... |
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 Do you need to give 30 days notice in a month to month renting situation? |
My friend is leaving her slightly abusive housing in California. She has not given 30 days notice and says there is no reason thats what the deposit is for and she doesn't want it back.
... |
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 What is 10 % of $69,550? |
what is 10% of 69,550
Additional Details
1 i came up with 6,995 but i wanted to make sure it wasnt just me cause i dont think that this house is worth putting that much down own thats ... |
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 Can an apartment manger ask me to leave if I have lived there for 6 months for a crime that I committed 4 ago? |
Additional Details
I plead no contest to a drug charge almost 5 years ago. Well they asked on the app. have you ever been convicted of a drug offense. Well I wasn't I pead no ... |
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 Single first-time buyer desperately seeking advice for the future!? |
| I am 26 and just starting a career change, albeit to a less-well paid job, but it's what I want to do. Will only be on £14000 for the next couple of years. I desperately want to move out of my ... |
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 Where can I buy very cheap secluded land? |
| I am looking for some land that I can build my own cabin on and kinda figure out who I am. I don't care if it's in the mountains or desert and I don't care if it is cold or hot. The ... |
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| My son has three roomates with a year lease, and I co signed. One wants to move. Now what? |
| My son is away at college and has two roommates who are all listed separately on the one year lease that was signed by all three of them. I am the cosigners. Now one of the room ates left a letter ... |
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 Why don't white female real estate agents like to work with me? |
| I've been looking for rental properties as investment for over one year, and have changed more than 5 real estate agents in 15 months. Three of them lost their enthusiasm after a couple of ... |
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 My girlfriend and her family got kicked out there apartment by not paying rent what can they do to move back? |
My girlfriend and her family got kicked out there apartment by not paying rent what can they do to move back in?
The apartment was left in very good condition
They just got kicked ... |
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 Judgement? |
| My husband and I received a letter that a judgement has been set against us for not paying our mortgage. Can anyone tell me what is going to happen now? We have our house listed for sale. We live in P... |
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| How are you suppose to buy a house with no money down? |
| I am wondering if anyone on yahoo answers has done this and if so how do you do it?... |
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 Why haven't we received a closing date? |
| We have turned in all of the papers the bank requested and and they have contacted our employers We's had and inspection and appraisal done. What is left to do until we close on the House? The ... |
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swami_1976 | Should I just walk away from my house? |
I am currently buried in my house payments and student loan debt. I have an opportunity for another position in another state for considerably more, say 50%. I owe about 30% more on my house than it is worth. Should I take the other job, walk away from the house, rent for a few years and pay off the student loans? |
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infinite crisis 247
|
how many times does this question come up on here? the thing is...you can't just "walk away from a house"! if there were no consequences for doing such a thing, don't you think that everyone that is facing foreclosure right now would be doing that?! that's right, they aren't, because there are very serious consequences.
1. home is foreclosed upon.
2. your credit is nuked (100-150 pt. hit on all 3 bureaus). good luck
renting then. they check credit reports too.
3. lender sells the home and then goes after you for the deficiency.
4. a judgement is granted. lender can then levi your bank accounts,
garnish your wages, or put liens on your other property (all of these
things depend upon your state and the language of your lending
agreement).
5. judgement shows up on your credit reports, further impeding your
ability to get things on credit. these negs will stay on your credit
for the next 7-10 years.
you had better talk to your lender and find out what your options are. if your above is the best that you could figure out, you are in big trouble, my friend. |
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halfthebottle
 |
The ethical answer would be no... You entered an agreement, it
is time to man up. Call your loan company and discuss your options, perhaps you can short sale, refinance, etc... It may not be a big issue in your mind right now, but they can and will come after you for any unpaid amount owed on the house... How is it going to look on the new job if they have to start a court ordered garnishment of your wages...? |
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ukdavros
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You will Still Owe the debt |
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Barbara
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NO WAY!!!! KEEP YOUR HOME!!!! Help is out there, we found it. My husband and I own 4 properties in 2 different states. When my husband got laid off work in Feb, money got really really tight. We almost lost our 2nd home and 2 investment properties because no banks would want to refinance any of our homes. We were ready to give up until we learned about Loan Modifications. After speaking to about 6 different companies, we found Jim with Home Mitigation Direct in Orlando, Florida. He was very helpful and explained everything in detail to us throughout the process. Needless to say, Jim was able to help us save all of our homes. I am sure that he would not mind if you called him to help you too.
1-866-321-6043 ext. 101 and make sure to tell him Barbara said hi! |
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Master B
 |
don't worry there are online sites for your debt problem . All of the answers to your questions and everything that you need to enroll in program are provided right there, online, and they will be explaining everything to you each step of the way. The best part is that you can do it all from the comfort and privacy of your home or office.thanks
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rcg
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Do not walk away, try for a short sale, if you do in fact want to keep the home you can always call HUD for assitance. I work for a major bank, HUD has been helping my customers request modifications & in some cases has even made payments, phn# 800-569-4287. You can also contact the Office of Home Owner Preservation: 888-995-HOPE |
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Alterfemego
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Wow, it's that easy for you? You don't care about the impact on your financial future or others in the neighborhood? How selfish.
I would suggest talking with your lender about deed in lieu of, or begin the process of trying to sell it. Of course you can always simply as you put it, "walk away". |
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Jennifer S
 |
TALK TO YOUR LENDER FIRST. Ask them what type of options you have. List the house yesterday with an agent. Get good information and do not walk away. Work as hard as you can to resolve your obligations. You bought it work hard to figure out how to pay for it. |
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NanaNina
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Think about the reprecussion this will have on your financial credit. You might just need excellent or good credit for that "new" job, credit card or other necessary stuff. If you walk away from your house you will not only lose all the money you put into it (mortgage payments) but also yoru credit will be ruined for the next 10 years. Now if you are not planning on using your credit for that long--then I'd say go for it. But it is not the smartest of choices. If I were you, I'd try and sell the home and also renogotiate with your lendor the value vs what you woe them. They might just let you get away with what the home's worth than what you owe them. It doesn't hurt to try.
You always have the option of renting your home to someone else for more $$. You can then move to that other state and take the job. BUT, be prepared to deal with tenant issues and maintenance repairs should something of that nature happen.
Best of luck! |
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