 How do we price a house we are wanting to sell? |
| We have the comps from the area and have a ball park figure that we are thinking of, however there are some issues that need to be addressed. The roof and AC are due for replacement in the next ... |
|
 How can she sue me for money? |
| A few months ago I moved in with my boyfriend whom was subletting from another person. When she decided to move back she held my mail and will not give it to me. I did not sign any kind of ... |
|
 Should my landlord have to pay??? |
| I'm living in a rented fully furnished appartment with my boyfriend since August 1 this year. The appartments were brand new when we moved in so we were expecting to have no problems. However, ... |
|
 Do condo fees include maintanence for your apt? |
| Like if the plumbing for your home is not working or the electricity is out, it it the condo's responsibility to fix it? I am planning to buy a condo and rent it out and was wondering if it I ... |
|
| There is home worth 125K,for a first time buyer how much the mortgage of this home will be? |
| The home is 2Bed/2Bath, about 2500sf, build 1980's. Recent updates on roof and bathrooms. 2 car garage.It is sell by owner for 150k but negotiable. I want to propose 125k for the home for low ... |
|
 I think my ex landlord is ripping me off? |
| I recently moved out of a shared house where my cat caused some damage to the carpet on the first floor landing. I believe this to be about 5 square metres and my landlord is now charging me £220 ... |
|
 How much will the dss pay? |
hi have just had my lil boy and on income support.. i am wondering how much the dss will pay on a 2 bed house.
ABUSE WILL BE REPORTED
Additional Details
to spook542 i have ... |
|
 Flipping houses using hard money lenders.? |
| when using a hard money lender to purchase a property to flip. is it possible to negotiate a deal where you do not have to pay the lender back until after the sell. i plan on looking for property ... |
|
 High or low down payment on mortgage? |
| As an investment, is it better to put down 20%+ on a home loan?.....or put a minimum down payment of 10% down and invest the remainder somewhere else?... |
|
 I only have $78.52 in my bank account, which is not enough to cover the rent check I wrote for $739.52. |
| Even when my weekly paycheck is directly deposited, I will still not have enough money. My wife is bi-polar and went on a manic spending spree. I have never been late paying rent in the past. What ... |
|
 Prospective landloard asking for TOO MUCH sensitive information.? |
I'm about to move into an apartment building. On the application, the management company asks for:
W2's
2 Original pay stubs
My latest tax return
My bank account numbers ... |
|
 I am in so much trouble!!!? |
| OMG!! I am a real estate agent and have lost the keys belonging to one of my clients. I am sick to my stomach over this! I think I accidentaly threw them away in the trash but I don't know for ... |
|
 Apartment advice please....? |
| So my friend and I have been looking into apartments for a couple weeks and have seen three or four and have lots to go. Another friend wants to look at places with me. So I sugguested the three of ... |
|
| Move or not to move??? Your opinion please??? |
Current Apt:
$1500 including water, trash & sewer
the building is over 20 years old, however it has a tennis court, basketball court and 2 swimming pools (and we use them daily).
... |
|
 Can I sue my husband for not paying the morgage when I would give him the money and now my home is being repod |
| I'd give the money to my husband to pay all the bills becasue I'm always out of town but I came to find out he has not paid a single one and my home is being reposessed. I got a letter that ... |
|
 Landlord gave 24 hour notice |
| the landlord (unless an emergency) gives 24 hour notice to enter the unit for inspections. (that way we know in case we aren't home that someone entered our house) the notice was delivered 07.29.... |
|
|  |
I LOVE U ALL | Should people who bought homes they couldn't afford be "bailed out"? |
Does anyone really think it is a good idea to give these people a break. When I sign a contract I am sure that I understand it fully. If I don't understand it I hire a lawyer to translate it for me before I sign. Just because ignorant people got in over there heads doesn't mean the rest of America has to bail them out, does it? Don't get me wrong I feel horrible that people are losing their homes but on the other hand I am in a position to buy one of these homes because the prices have come down into my price range. Making the impossible possible for me.What do you think. Please include your current situation because I am curious what people are going through and what they think about the situation.
Additional Details
I am also in California and will be voting no for all the proposed over spending in November. |
 |
 
plan_ner
|
My situation is very stable. I own several investment properties and continue to look for more. The scenario to bail out homeowners is touchy since the ramifications of a large scale event has a macro economic impact on me. People made poor decisions at all levels. People got greedy due to the perception that housing prices would keep rising. They made another big mistake when they financed through an ARM (no doubt thinking they would flip it). Media has a part with shows like (flip this house (A&E)). RE professionals (agents, appraisers, brokers) who were all too happy to overvalue and overlook buyers who they know are not qualified. The Fed who kept dropping rates setting up this bubble....etc...etc....There is plenty of blame to go around. The real question on the bail out question is Has the situation become so large that without stability-everybody loses. I too think that it stinks that those who were responsible and diligent now has to bail out the greedy and ignorant. |
|
Peilthetraveler
|
Actually its mostly the bank/investment houses that were selling Credit default swaps on those houses thats got the country (i mean the WORLD) in trouble. Basically its like this. Lets say bobby & suzie buy a house for 400k during the peak of the boom. A company like Bear sterns decides to sell "insurance" in cause bobby & suzie default on their loan. They sell this insurance to anyone who bets bobby and suzie are going to default. So say there are like 10 people that say "hey, we think bobby and suzie are gonna walk away from their home soon" Bear sterns says..."nah...Just pay us a premium and if they default, we will pay you the difference in what the market value is." So the 10 people pay, then bobby & suzies home value goes down to 250k and their ARM goes up and they gotta pay 5k per month, so they say "forget this, lets walk away, but first...lets trash the house since the mean old bank did this to us" So they trash the house and the 250k house is now only worth 150k. The 10 people that bought the Credit default swaps are now going to get 250k each so that 2.5 million dollars bear sterns has to pay out. Now multiply this about 25 million times and thats the mess we are in.
If credit default swaps didnt exist (which they shouldnt) we would not be in this mess that we are in right now. Only solution right now, is to either make all CDS's null & void, or get home prices up really high again by cutting interest rates. For some reason, the government is doing the latter which is the much harder road.
But to answer your question, I think the people that walked away, should have the difference in what they owed and what the house sold for hang over their head for the rest of lives, just like an IRS lien or a student loan that can never go away until its paid off. |
|
General Custer
|
That's the beauty of our system, if enough voters are sympathetic, the taxpayers will bailout the ignorant. |
|
Tim
 |
No they shouldn't.
But then all the foreclosures lower the values of those of us responsible people making their payments. If you are in no hurry to sell your home, just wait for the prices to come back up.
But I was planning on selling my home after the beginning of the year and moving out of state. The "profit" on my home was planned to make an investment to provide income when I move. Now there is very little profit.
I am in California and it is getting worse by the month here. Too many stupid people keep raising the taxes, etc. Even if I break even I am outta here next year. To give you an idea, California is on the verge of bankruptcy, can't pay its bills, etc but there are propositions on the ballot in November which if approved will cost the taxpayers easily a hundred billion dollars.
Like I said, stupid people that think money grows on the trees they are hugging. |
|
Rory Borealis
|
Sure, all they wanted was "The American Dream" I also think that we should quit keeping score at athletic contests because "everybody should be a winner." We should also offer everything free but if that happens who will pay for it?
We are fools. Nations are in decline when the population learns it can vote itself benefits from the national treasure. |
|
harriot
|
I feel your frustration 100%. I too am now in a position to buy a home, and I can't stand the idea of people not paying their mortgage, then receiving a bail out. If they can't pay their bills, they deserve to be foreclosed on. Sorry if I sound harsh. If I can benefit from people foreclosing, I will do so.
I was smart enough NOT to purchase a house back when all these people were buying houses (and couldn't afford them.) I knew that I could not afford a house, tax, insurance, etc. I chose to stay in my apartment. NOW, it is time for me to try to benefit from the housing prices declining.
We should not give anyone a break. Refinance - YES if their credit is good, but NO if they have ruined it. We should not just allow someone to stay for another 90 days to be nice. There are enough of us that will come in and buy the houses at a discount. Their stupidity will hopefully equal my gain -- and yours too! |
|
M0j0j0_j0
 |
no, idiots who dig holes for themselves can sure as hell dig themselves out. |
|
Ditzy Chick
|
No, they shouldn't be bailed out. I want to buy a house, too, but prices haven't fallen enough in California yet for me to be able to afford the area that I want to live in. |
|
Ted E
 |
No they should not be bailed out...this is the way it always worked until now... if you can't afford it you loose it...but I strongly feel the mortgage company's and banks should go down for pushing these loans onto people ...and CEO's should not be able to walk away with millions ... the government is wrong in bailing them out...because of their high roller glut everything has become way over priced...cars.. housing.. oil,, food and consumers goods...let it all come tumbling down and get prices down where it should be... |
|
Emaryl Diamond
|
Hell no. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 32 minutes(s) ago
| | | |
10 | 1 hour(s) ago
| | | |
10 | 5 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
10 | 11 hour(s) ago
| | | |
10 | 2 day(s) ago
| | | |
10 | 3 day(s) ago
| | | |
10 | 2 week(s) ago
| | | |
10 | 2 month(s) ago
| | | |
10 | 7 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
