 Never Signed a Lease ! Never Moved In !? |
| New Hampshire RE Rental question? I placed a $200 deposit for an apartment. The landlord and I could not find time to meet to sign the lease. He dropped the keys and lease at my current apartment. I ... |
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 Looking for grants for first time homebuyers? |
| I am looking at grants to help me purchase my first house and was wondering if anyone has herd of this site FreeGrantSearch.com? I go to it and they say that x amount of dollars is available in my ... |
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 Is it legal for a landlord to demand to be added to your contents insurance policy as an interested party? |
| My landlord is telling me that she needs to be added to me & my wife's contents insurance policy as an "interested party". I have serious doubts over this as I don't know if ... |
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 Should I get an FHA loan? |
| My credit score is about a 690. I can afford about a 10% down payment. My question is, should I get the FHA loan, or should I go with a coventional loan? Either way, I would like to do a 30 year ... |
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 What exactly is Payoff balance for a mortgage? |
| Specifically i would like to know why it is different than the principle balance, i can only expect it will be higher than the principle balance? But generally speaking how much higher? I know i ... |
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 Should i just abandon my house? |
| well, 2 years ago i bought a fixer uper house, and for the last year ive been trying to get a permit and ive been denied and denied and denied because federal law from FEMA says i cant build big ... |
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 If i have bad credit rating will it affect my partner getting us a mortgage, he works and im stay at home mum? |
Additional Details
we are not married, but when i was phoning the bank for my partner i asked her if my credit rating would affect it and she said no as its different when it comes to ... |
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 I have put in an offer on a house, now what? I am worried that I will not qualify for any loans.? |
| My husband and I are trying to qualify for a FHA or First-Time Buyers mortgage, but I am worried. He has awesome credit and I have weak credit. Can we still get a house?... |
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 Can't get guests to leave my house and Arizona law says I have to follow eviction route - please help? |
| Alice and her 19 year old son came to Phoenix from New Jersey in May looking for a fresh start, I let them stay in my home. Now three months later, I've been totally disrespected,am owed money, ... |
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 Want to sell duplex in florida, but tenant is giving me a hard time. What can I do? |
| I have a duplex that I would like to put up for sale in Florida, but my tenant on one side of the duplex is giving me a hard time. She signed a lease in February of 2007 and was told prior to ... |
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 What would you do? |
| Would you rather continue living in your house (that you own.. still owe a lot on, of course) that you can only BARELY afford (to the point where you have no savings)... Rent out your home and still ... |
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 Room mate went to jail- are we responsible for his rent, etc? |
I live in a house with two other people. 2 days ago, one of them was arrested and is currently in jail on 4 felony charges.
My first, most important question, is that rent is due in a ... |
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 Can a IL. landlord turn down a ex felon? |
Additional Details
I'am not the felon I know a 28yr old kid who at 16 was in the wrong place at wrong time. I had hoped I could help him.... |
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 Dealing with an unruly home-owner/seller? |
| I'm at my wits end. My current (and only) listing is owned by a man that has turned out to be, for all intents and purposes, out of his mind. He calls me at all hours of the day or night to &... |
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 Want to rent my house out - what do I need to know? |
| I want to rent my house out and think I will probably get a property management company to manage it. How much do they usually charge? If they are taking care of the Also, do I need to notify ... |
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 My ex didnt pay a penny of our morgage or bills now we have split up has he any rights? |
| me and my ex boyfriend bought a house together but 6 months later he left me and i had to carry on the mortgage payments and bills by myself. I later found out that for the whole time we lived ... |
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josh d | Waiving an inspection and appraisel speed up the closing process? |
If you waive inspections and appraisels will the it spped up the closing process for homes? |
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tomthepawpaw
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It might speed up the process a little but it is putting you at a very big risk. If anything is wrongs with the house, you have to pay for it. It may be hard to find a company to lend you the money without having a new appraisel done on the property.pp |
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DaisyCake
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Where I live, the inspection is at the discretion of the buyer - do you want to know if there are problems? Or are you capable of diagnosing problems yourself?
The appraisal however, is non-negotiable. Your lender wants to know that the house is worth the price you've offered for it. They don't want put a million dollar loan on a house that really is only worth $750 K for instance. |
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Mike
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It is against the law to finance a house without an appraisal.
It is stupid to buy a house without an inspection...
And both are quick processes that dont take very long anyway. |
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hollywoodmelody
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Its not wise to waive an inspection not only because the roof could leak, the foundation could have major cracks do to house sliding off of it, plumbing and wiring issues, not enough insulation,etc but you would be the one paying for the repairs or replacement out of pocket. The seller wouldn't be liable because you signed the waiver. Also the lender requires an appraisal because they do not allow the loan to be more than the house is appraised for. Don't think you can get around that either because they pull the information anyway. |
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Expert Realtor
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You can only waive one of the two, and it will be the biggest mistake of your life.
Why are you in such a hurry to close that you would be willing to buy a property that could potentiall have tens of thousands of hidden defects?
You can't bypass the appraisal unless you are paying cash...it's for the bank, not you. |
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Lez
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Spend a little to save a lot. Take a little time and money to make sure that you are making the best move for your and your family. 350 for and appraisal and 350 for an inspection could end up saving you thousands and thousands down the road--from cosmetic, structural damages, electrical problems, plumbing and so on. Not to mention Mold. What if the house has mold. Then you are now talking about what could be serious health issues and cost. Use your head. This process saved my sister 50 thousand about two years ago. The inspection report came back BAD. The house looked good to us but we weren't trained. The foundation seals were completely rotten (along with many other issues) She would have never known and the cost to repair everything was outrageous. |
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mtgldy
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If you are getting a mortgage on the home. The mortgage company will get an appraisal on the home. You will not be able to waive it. I would not waive the home inspection unless you are qualified to inspect the home and know what you are buying. If you are prepared for you loan application and can give the mortgage company all your documentation regarding income, assets, etc, the process is actually quick. The fastest i have been able to close a loan from start to finish is 1 week. That is with inspections and appraisal and a full file. The title company will need a few days to get the search complete. Email me if you have questions as i am a loan consultant for a mortgage company. Good luck. |
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Etta P
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Yes, some lenders do still allow that, especially with large down payments, but why would you even consider that?
Some properties have declining values, so if the is not worth what you are paying for it? or what of the needed repairs are so costly that you have to take out another mortgage to make the house in good condition?
That's risky business. |
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newmexicorealestateforms
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Along with the closing process being sped up the chances for litigations are also enhanced and most likely guaranteed. Chances are that the lender will not allow you to close without an appraisal anyway. |
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giggleblue
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It may, but I wouldn't recommend it. |
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