 Can I supena a lease agreement from my ex-landlords new tenant? |
I need to find out the date that the new tenant sign the lease agreement to see if the landlord double charged rent, do i hav e to take him to court to get a supena to do this
... |
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 How can I help my daughter buy her first home? |
| My wife and I want to help our daughter and her husband buy a home. They currently have poor credit and even with us providing the downpayment, they could not get a mortgage themselves. We thought ... |
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 Can i get out of a 12 month house rent contract? |
| i am 5 months into renting a house which I have a contract for 12 months. I would like to move closer to work. The agency I rent the house from says I cant leave until the 12 months is up. Where do I ... |
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 What would happen to my mortgage if anything went seriously wrong with Northern Rock? |
| Whilst i dont think it will, and i have listened to the news which states that some of the stories surrounding NR are exaggerated to the max it did get me wondering what would happen if NR or any ... |
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 What does it mean if an apartment complex says they are Section 8 acceptable? |
A townhome I am looking at says "section 8 acceptable". What does this mean? Does it mean felons can live there?
I live in Missouri.... |
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 Any ideas to sell my house faster? |
i need to sell my house. It's been up for sell for a while. it's a great house. And the cost isn't too much, it's a great cost fo the house.
Additional Details
weve ... |
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| I am homeless. I need help. PLS!? |
| Hello, I am a 20 year old who was seperated of my parents house because i want to get independent and be with my own for now... So with that said, i am currently finding a job and i am stayin in ... |
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 We just bought our first home and had the best real estate agent to help us.? |
We couldn't imagine ever dealing with another agent. What could we give him as a huge thank you!??
Gift Certificate? Gift basket of some sort. Something really cool but not too expensive.... |
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 Mortgage Loan Officers Please give me some advice? |
| If there any loan officers out there that can please give me some advice i would really appreciate it. My son has a house that is currently being rented and I rent an apartment. Although he pays ... |
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 Does a landlord has to notify the tenants if they raise the rent? |
| I just renewed my contract, and they told me that the rent was being raised because of the market. Also, the said that they sent a letter, as a 'courtesy', to let some tenants know the rent ... |
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 Landlord is a jerk and lives next door. We can't afford to move right now abut he will not make repairs.? |
| I could call the county and they would enforce the law, maybe, but have been known to be paid off. We have lived here over 5 years, paid rent on time, never caused problems and have helped them out. ... |
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 Question about what to do while viewing open houses, first time? |
| This weekend I will be looking at several houses that are for sale. I have never done this before. I am wondering what is proper to do and not do. Can i open the peoples cupboards and closets etc. T... |
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 My Sister Signed A 1 Year Lease on a Rental Home - Now the Owners want to change It & go up on the Price!? |
| The Owners says that the price he quoted for the rental property was too low and that he was about to go on vacation so he got excited & gave them too low of a price! He wants to go up 300.00 &... |
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 Can you split a mortgage? |
| I am not married and this seems like the best way to protect an investment. For example, if my boyfriend and I want to buy a condo for $300,000 can we each have a mortgage in our names for $150,000 ... |
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 Can you get kick out your apartment because of...? |
| Can I get kicked out my apartment if, while the managers are showing an apartment, I tell the "new tenants"---"Did they tell you about all the cars getting broken into, and how they ... |
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TygerLily | Using Proceeds from Sale to Purchase Next Home? |
I would like to purchase a newer home, I have the equity needed to pay for the down and settlement however, I have a question.
How do I use the equity prior to the closing date from the sale of my existing home?
I don't understand the process very well. I wouldn't get the cash until we're at the closing and I need it to close on my new place.
How does this work? |
 |
 
glenn
 |
I recently got a bridge loan and it worked out very will. Two months later we closed on our old house and paid off the bridge loan. It was a high interest rate but for a very short loan.
Another way I explored was getting a second lien on my new house that I would pay off when the old house sold. The fees on that were higher but the interest was lower. If I had expected to hold onto the old house longer (like a year or two) I would have gone that way instead. |
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Junto America
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I am trying to work out the same deal, but are stil in the beginning phases.
One thing we have found is something called a bridge mortgage. Your lender agrees to fund the new house, but you don't start payments until you old house sells.
Our lender is trying to go more toward getting the seller to wait to close until after our house sells.
It is very complicated right now. |
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EZ
|
It is possible for you to go to your bank or financier and apply for what is called a bridging loan, or a bridging mortgage to cover the time before both transactions take place,it is designed for that very reason whence thats why it is called a bridging loan...
i hope that helps and good luck in your new home |
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acermill
|
You may inquire about what is commonly called a 'bridge loan', which is a temporary loan to provide you equity to purchase you new house while waiting for the close of the previous. However, you must have sufficient financial ability to pay for this loan, plus your new mortgage, in the event that the buyer of your first property fails to close as agreed.
You may also take out a home equity loan on your first property, but I would advise checking with your lender first to see if doing so might somehow interfere with your mortgage approval on your new mortgage. |
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mazziatplay
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Most home equity loan lenders will not lend on homes that are listed for sale or that you plan to list for sale. An alternative is called a "Departure Heome Equity Line of Credit". This is a bank portfolio loan so it can be hard to find but what happens is that the bank loans you up to 90% of your equity in the home you are selling so that you can close on your new purchase. They put a second lien against the home you are selling and charge you interest only on the equity line proceeds for up to a year while you sell the house. If you finance your purchase with the same bank there is no charge for the equity line.
Feel free to email me with further questions. |
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Marriedtothearmy 2
 |
You would have to borrow it...from a bank or relative until you get your money from the sale. |
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Eavy W
 |
Get Your Answers Here:
http://www.apply4less.com/
&
http://www.proloanz.com/ |
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mark a
 |
It will be a lot cheaper if you can delay the closing on the new home till after your current home sells. I do bridge loans and by experience you will pay between 12-15% during the waiting period. And expect to pay about 1% more for the life of the loan because of the bridge loan |
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angela
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You make an offer on a new house contingent on you selling your current house and then you set up the closing to take place after you close on the first house. This is pretty common. It will work especially well if the same lawyer does the closings on both houses. |
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Yanswersmonitorsarenazis
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You close on the sale of your current home. Title company gives you a check for your proceeds. You then start your purchase closing, either at same title company or another one. Give them the check. They apply what's needed for your transaction, and give you another check back for anything left over. |
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