 Selling your house for 2% commision, can some explain this to me? |
I've heard theres more to it than that, can someone explain this process to me? thanks
Additional Details
No I meant those companies that advertise "Forgot 6% commision, we ... |
|
 Do you have sympathy for all of the people who own homes that have now/recently entered foreclosure? |
| I sure do.......Ive been active in real estate for 4 years, buying and selling land (not a realtor!), and making a gorgious profits off of it....of course I too have been affected, but I am still ... |
|
 Don't know if i should keep renting at the moment or buy a house? |
| ie buy a house now with a small deposit, or keep renting try and save more and buy a house within next few years with a larger ... |
|
 Why is it, when on a small income u payout ur rent each month but cant get a morgage for the same expence? |
| Im on a small income and it is impossable to buy a property so I can live in my own house. even when I have been paying rent I cannot get a morgage, even at the same expense.... |
|
 How much do mobile homes cost brand new? |
| We are looking at the option of buying land to build our "dream home" and purchasing a mobile to live in temporarily. We'd keep it as a rental once the house is built. My problem is ... |
|
 Where can I see an aerial view of my property? |
Additional Details
@ 144 Alcott Rd. Concord, Ma.01742... |
|
 What's the BEST and FASTEST way to profit as a realtor? |
| I've been a licensed realtor for the past 3 years and I've done ok in it while working a full time job that pays very well. I want (and need) to replace my current salary with full time ... |
|
 Am I entitled to my down payment on my house back? |
| I purchased a house with my boyfriend at the time, I put down 60,000 on this house and he put down nothing. We have lived together for 6 years. I have been trying to sell this house for the last 10 ... |
|
 I an intersted in selling a house as is for cash only. What do I need to do first.? |
| I don"t have a,lot of money to pay closing costs etc. Has anyone done somthing like this. Where domyou start.... |
|
 In Tennessee, if a husband dies, is his widow entitled to have the mortgage paid off automatically? |
| I heard there is a little known old law in Tennessee whereby the mortgage is paid off automatically if the husband dies. Anyone familiar with this law?... |
|
 Urgent....Can I reduce the rent, it I´m the second week without? |
warm water and heating ??
Here are the facts...today 2 weeks ago, we have determined that our gasheater dont work and called the agent from our landlord. He told us that the plumber will come M... |
|
 Landlords/tenants, (UK) does this sound right? |
| Im moving into a new flat in December, and my landlord (a company) has asked for a month in advance and a months deposit, which is fair enough, but they have also asked me for a £60 for a credit ... |
|
 Does the landlord have the right to inspect monthly? |
Additional Details
The situation is, I live in an apartment complex where half is hud assistance. In my case, I get no assistance. Please Help!... |
|
|  |
Fatty | Should the Feds really be bailing out all of the people going into foreclosure? |
I work in mortgage, and I have a few issues with this. One, ultimately that customer signs on the dotted line... and if you have ever seen loan docs it is spelled out as CLEAR AS DAY what these people will be paying monthly. Two, half of the people that are stuck and going towards foreclosure are NOT because of adjustable rates, but are because they have been using their house as a source of income. Now that homes are declining in value, they are simply in more house than they can afford.
Seriously, shouldnt those customers be held accountable?
Additional Details
Although, dont get me wrong... what the Feds have been doing is good for business. I cant complain about that. |
 |
 
Emo
 |
I agree with you. The Feds should not be bailing out people. First of all they all signed the loan documents which clearly spells out everything. If they did not take the time to read it that their problem not the Feds. If they did not understand the paperwork, then they should have taken some with them, perhaps an attorney, to help them with the documents. I mean come on, if you are going into debt for hundreds of thousand of dollars an attorney is really in your best interest. Second of all, if you only make $30,000 a year, then the odds are you can't afford a house for $300,000 plus the taxes plus the homeowners insurance and/or HOA fees. That is just simple mathematics and common sense. The government should not be bailing you out just because you lack common sense. Third, your house should not be considered for investment purposes first then a home second. If your a real estate investor that's fine, but if your not your house is your home, not something to drain of equity then try to sell for a profit. If this was your primary motive for buying your house then you were greedy. And well perhaps it's not such a surprise you are struggling now.
I think the only reason why they are is to try to boost the economy. If it wasn't for that I believe the government would let them sink or swim on their own. |
|
Landlord
|
I completely agree with you. People took the money, spent the money and agreed to repay the money. Now they are reneging on their deal. Completely unethical and the government should not be bailing them out.
However.....America has so MANY unethical people that we are at risk of them bankrupting the BANKS. Do you recall what happened the last time the banks themselves folded?
The government is trying to save the banking system, because the whole country will fail because of the massive greed of a few. |
|
Orange Crush
 |
I agree 100%...It is not the governments issue, people took a mortgage they knew that they couldn't afford, basically because we as Americans feel entitled to own a home...
Even though, I'd say, that the "sub-prime" loans are a huge problem with people who shouldn't buy or own homes, because they make it easier to buy them!!
People should be held accountable for their own dumb decisions, and not researching and understanding the terms of the loans. |
|
BabeHeart
|
Many people don't worry about making poor choices because they figure someone (the gov't or some other organization) will bail them out.
I imagine if I'd made an unwise choice I'd be happy for the help, and not having my credit messed up and/or being put out of my home...on the flip-side, where's personal responsibility? |
|
Spock (rhp)
|
imho, no
some of our real estate markets are overpriced. these markets need to correct so that people with incomes can buy an adequate house at a reasonable price -- these are the people who will make their payments becuase they're doing everything as right as possible.
market correction means, of course, that prices fall. and prices fall because people with too much house for their means are forced to sell [foreclosure] for whatever they can get.
this will also correct the property tax valuations the neighbors have suffered due to the housing bubble. Which I regard as a good thing. |
|
Susi C
|
I think it's all baloney !!
People borrow money and agree to the terms to pay it back. They are going into this with their eyes open - they are ADULTS and should be held accountable!
It is unfortunate if someone loses their job and falls on hard times. However, anyone committing themselves to a monthly payment should have the foresight to put something away for a 'rainy day' to tide them over until they can get another job or scale down and sell their property.
We have a small business and for 20 years everything was ticking along just fine. The current housing market has affected our income as well and the bills keep coming as before. I don't see any government agency or anyone else for that matter offering to 'bail us out'.
Just my 2 cents |
|
dowjoh
|
No, the Fed should not be bailing people out. I blame consumer ignorance. Due diligence, people. Due diligence. |
|
ronidl76
|
The cynical part of me thinks the mortgage companies are the only ones who are really benefitting from this. They're still getting their money. |
|
edwardogden2000
 |
I don't see it that anyone is being bailed out.
If someone gets to keep their house, they still have to make the mortgage payment. No one is stepping in and saying, 'Hey. Wait a minute. You are having trouble, so let me make your mortgage payments for you.' They are simply saying, 'Lets freeze your interest rate at some reasonable rate.'.
Plus, you can blame the borrowers and say they are reneging on the deal, but how smart is it of a lender to say oh look you make $30,000 a year, here let me lend you $300,000. Shouldn't they be smart enough to have realized that the person couldn't possibly keep up with the payments?
They knew there was a higher risk of default, that is why they were charging a higher rate.
The government can slow down the process, but I don't feel it will make much difference. They can added 30 days to try and make the lender and borrower talk, but you cannot make them agree to anything.
I believe most of what is going on is mostly for show. The government is doing something about the current melt down. But, what they do will affect very few people. The lenders are agreeing to the governments requests to help, but will do little to help individuals. The goal is to make people feel a little better and not panic.
Everything is under control. But it is NOT!!!!!! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 4 minutes(s) ago
| | | |
9 | 44 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
8 | 8 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 5 day(s) ago
| | | |
9 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
