 What is a good excuse for breaking a lease?? |
| we have a year lease, I know it's bad but we need to move 2,000 miles away in 2 months for family. I need something that is reasonable enough for our landlord to go easy on us. Please help!!!... |
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 Scam or not? |
| This investor says he can help me sale my house by lease w/ option to buy to a person with bad credit. All I have to do is put the title or deed in his or her name until their credit is better, then ... |
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 Have 800+ credit score, did a 30 yr, 20% down, no pts home loan, 0.802% loan orig. fee. Did I get a raw deal? |
| I didn't get a lower interest rate as I understand it for having the loan origination fee. Interest rate was 6.25% locked in on 5/23/07. I was later told by my realtor that with my income (over ... |
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 Regarding down payments when purchasing a home.? |
| We are just out of a bankruptcy and are wanting to purchase a home again. We have no money for a down payment. Can a down payment on the home be financed along with the mortgage?... |
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 Can my fiance and I purchase a home together before we get married? |
| I currently own a condo, which I just purchased last November. My fiance has never owned a home before. We want to purchase a home together now, before we are married. I am going to sell my condo. ... |
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 How many houses do the average couple look at before making a choice? |
| We have looked at 3 houses and will look at 3 more next week. I really loved the 3rd house I looked at. I feel like I'm rushing. Should I look at alot. Around 15-20 or more? Help!... |
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 Section 8..what is it? |
What is that? I am not moving till end of May , but i am looking at apts now. i was looking at one and my friend said not to rent there because its section 8. what is that? thanks
Additional D... |
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 Can I break my lease if a murder was committed in my apt complex? |
| There was a double homicide committed in my apt complex a couple of buildings down from mine. Two men were stabbed to death and the front of my apt is a crime scene. I left for work this morning to ... |
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 Can you be evicted instantly from University Housing ? |
| A friend of mine got an email from University Housing stating she had 4 days to get out because she didn't register for the semester or else they would change the locks and get a criminal ... |
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| Where can i find a really cheap place to live? |
I live on disability, and can't afford a lot.
Additional Details
the sidewalk IS NOT an option, smart guy!... |
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 How serious is it if your house is in a flooding area? |
I'm looking at to buy a house. But the property I visited was categorized by homecheck.co.uk as "within 500m of an area potentially affected by flooding."
Do you understand ... |
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 How can I stop my house from be forclosed? |
| Yesterday, I found out that my house, well my mom's house, was being forclosed today at 9. She talked to her lawyer and she has to pay all the money to keep the house, but she doesnt have the ... |
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 Will the housing market pick up before the end of the year? |
| I live in North Florida and homes are not selling. There are four homes for sale on my sister's street alone. I'm curently saving for a home and will be ready to buy later this year (N... |
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 I messed up REAL BAD? |
no clue what to do. I purchased my house in dec 2005 for $489,000 with 25k down 30 year fixed
I fell behind in a few payments and cannot afford to make them anymore.
I have only paid ... |
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 My Landlord is being investigated for fraud, do i have to pay my rent? |
| Recently there have been a series of break-ins of properties owned by my landlord, but the burglars used keys. Nothing has been stolen from our property but someone has entered without permission, ... |
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 Rent a flat without a job? |
Is it possible to rent a flat without a job(maybe paying 6 months in advance)in the uk?
Additional Details
ps:i'm going to move to the uk from italy and i have no clue how do these ... |
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 Two offers the same on house and one is stalling what do i do? |
there was no contract for the first offer. it was verbal and
part of the deal was to go into contract within ten days.
its 7 days and still have not heard from their lawyer
there is no ... |
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 Would you pay your rent if? |
| I keep getting letters in the mail from my land lord mortgage company. We rent,They havent called wrote or sent an email or anything to me saying any different. Our rent was due the 1st and we have ... |
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hooper5446 | Should the government bail out people who's variable rate mortgages are foreclosing? |
I keep hearing about how the government needs to help people who signed variable rate morgages. They knew what they were getting into when they signed. Now their rates are rising and the mortgages are foreclosing because these people irresponsibly bit off more than they could chew. These buyers drove up home prices to the levels they are at now in the first place. Levels so high, that someone like myself who is financially responsible and realizes their litmitations can't possibly afford housing (I live in NYC). Now the gov't is supposed to bail these people out? Who's going to bare the burden of that cost? I have a guess... John Q Taxpayer. Does anyone else think this is crap? Does anyone else think we should let all these mortgages forclose to bring the cost of housing back down to a reasonable level?
What's your opinion? |
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Heath S
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They are adults and should have made sure they knew exactly what they signed. |
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ME
 |
This is a continuing symptom of today's society. Every time something bad happens to any group of people they believe that the government should make it better. People need to be responsible for their own actions. Those that bought houses they couldn't afford should sell them at a loss to get out of their situation. The same for people who have their houses destroyed in hurricanes but don't have flood insurance. They know the risks they are taking. They shouldn't expect someone else to bail them out when it happens. |
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Deliah
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Absolutely not. People are not that ignorant and they knew when they signed on the dotted line that the payments were going to go up! |
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bpl
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I don't think it is the governments problem to bail out people who made mistakes, but I think it is a governmental function to help educate people on financial mistakes. |
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pamerator
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NO!! The government shouldn't help. They weren't forced to sign those papers. Live and learn I say. I've had more than one house and I never ever had an ARM. It's stupid.
The banks are being more careful now because of all the foreclosures. Of course that means it will be harder for the rest of us to get a mortgage. Thanks!!
The prices have to come down though, house prices are ridiculous!!!!! I live in Oregon, and prices are more than doubled what they were just years ago. |
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latj
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NO!!! They never offered to pay my high a** mortage that I had when I had one. Who cares if there was a mortage crunch then or not. You buy, you pay. You play with fire, you get burned. A lot of people overextended themselves as did the banks when rates hit the bottom. People were not dumb when they knew they could not afford the big mortages they were taking out. A lot of them were first time home owners taking on way too much. Their pocketbooks told them and then the banks should have told them.
NO!!!!!! NO!!!!!!! NO!!!!!! And what about those of us who paid off our homes? What do we get NOTHING??????????? |
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peppersham
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NO ! I don't think we should bail them out.They knew what they were doing,even if bad advise about the loan,they had other life experience so should have known.No taxpayer bail out. |
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Atlanta Realtor
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No. While I am sure that a lot of people got into mortgage situations that they did not fully understand, it should not be the responsibility of taxpayers to pay for their mistakes. Rather, any of the lenders who offered the packages that have since been shown to be the cause of the bulk of the problems should be required to work with their clients to refinance at a rate that is more in keeping wit the buyer's income, and foreclosure should be a last resort. |
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linkus86
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No one is talking about bailing those borrowers out, but merely allowing them to refinance through FHA. I don't put all the blame of the rising housing costs on the adjustable rate buyers, but they were a contributing factor. You are right that John Q. Taxpayer shouldn't have to suck it up, but the federal government has always picked up the slack for the sake of helping the economy much like it did when it bailed out Chrysler years ago. I don't think you have anything to worry about because the foreclosure rate hit its bottom in August and there is no legislation even written to bail out those who are at risk of losing their houses. |
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Searchlight Crusade
 |
The government that robs Peter to pay Paul can always count on the support of Paul.
I personally told at least 100 people what was going on with the loans that my competition was using to put them into properties they couldn't afford. All but a very few went ahead and did it, as if all they had to do was click their heels together and say, "There's no place like Oz!"
I do feel a certain amount of sympathy for the borrowers, nonetheless. Here were two professionals, an agent and a loan officer, who were supposed to have a fiduciary responsibility to these people, advising them to buy this property and get this loan. However, the information was out there, had they done any significant investigation. For the biggest investment of their life for most folks, wishful thinking is not due diligence.
Furthermore, the House Bill expanding FHA programs was essentially a great big taxpayer bailout. I read it, in its entirety. The CBO analysis was political whitewash. If these folks can't make their payments *NOW*, the FHA program is unlikely to save them in the long run. I can't pretend it wouldn't help my business, but what about the 90% plus of taxpayers that aren't affiliated with real estate or construction? The Senate version was not significantly better.
As for the lenders whose lax loan policies encouraged it, and the agents and loan officers who actively aided and abetted, I think the best solution is "leave them to twist, slowly, in the wind." Maybe that will stop a few future iterations of this. |
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Brent L
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I agree with you, partly. They were part of the cause of the housing bubble. They took chances they couldn't afford. I held off on buying a house because the market was so crazy. I don't want my tax dollars going to help people who were careless with their money.
On the other hand, some of those people were lied to. That mitigates their responsibility *somewhat* -- everything was still in writing for them to read if they'd bothered. |
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john r
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these parasites that lend this money the way they do should take the hit thats what the gov should do credit co,s, banks ins co,s oil co,s and a few other big concerns that i dont even know about should have about half there people put behind bars there are good people in these co,s but the people thet pull the strings are filthy animals and then they go to church on sun and appear on tv and tell us how nice they are |
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Alterfemego
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I don't believe that most people knew what they were getting into and here's why; most of them were less educated, already had credit issues and loan officers took advantage of that. Only hyping what the payment would be at first, not really making them understand the full consequences of the loan fully adjusted. Second, I think they took advantage of some elderly folks on fixed incomes with hype about money to fix up the house, when the it was an interest only loan and they weren't fully aware and now after several years they are upside down in their loans and have to sell! Makes me sick!
No I don't think helping them is crap. If we don't the values of our own property will continue plummet. We've already lost a great deal of equity and value, let's do whatever we have to stop this bleeding!
I have good credit, I have paid my bills, I have worked hard and managed my money carefully, but still due to this market I am faced with having to sell my home and won't be able to obtain a mortgage because I have no income as a Realtor.
If anything, I think what they are doing is a little to little to late! |
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