 2 weeks with no dishwasher? |
| Our apartment was recently damaged by a massive hail storm, and as luck would have it, our dishwasher went out 2 days later. Our landlord told us our roof would be fixed after broken windows were ... |
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 The house I rent is being foreclosed what will happen with my lease, which I just renewed? |
| I just renewed the lease less then 2 months ago and the house I rent is going up for Sheriff sale by the end of this month. Will I be forced out?... |
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 Moving into a new apartment? |
| It's already furnished, and pretty dang big. The rent is $1500 a month and it's two stories two bedrooms. Anyway i'm only 17 and i'm already moving away from home with a roommate, ... |
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 How does my husband get his sister's house out of his name? |
| So three years ago my husband put a house in his name for his sister and her family. Unfortunately, he couldn't say no as his mom pressured him and his sister has kids. Well, three years later ... |
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 I'm going to be moving into an apartment for college? |
I'm going to be a freshman this fall and I will be getting my own off-campus apartment. I was wondering
when should I move in or when should I sign a lease? I was planning on moving in the ... |
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 Do you save money if you do not hire a realtor when you want to buy a home? If so, how? |
| How can i save the realtor's commision if i buy it myself? Do i save the realtor's commision or does the listing agent receive a double commision? (Please answer this for us, it is a very ... |
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 Gulf coast waterfront properties? Going for a song now? |
| Is this a good time to buy on the water in Florida etc. or should we all wait for another 20 yrs?... |
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 Breaking a lease without the contract having lease breaking terms? |
| My rental contract doesnt have any terms for breaking a lease. I asked at signing and they said "we don't want people breaking their lease", so they gave me a 6 month instead of a 12 ... |
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 if my landlord is in arrears with his morgage will the effect me? |
i don't think he has a buy to let morgage and this is a private letting ( no agency)
also ive been waiting over 9 weeks for him to come and fix pipes that are effecting the boiler pressure ... |
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 Renters Financially unstable? |
Hello
So one of our roommates left us to join the army leaving us with an entire year left on our rent. Our landlord is unwilling to let us out of the lease, but we no longer make enough to pay ... |
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 Is a physical address necessary to get a P.O. box? |
| Ok, I'm actually asking this for a friend since he doesn't have access to the net. I tried to do some google searches and haven't found my answer, so I thought I'd try here. My ... |
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 What does a Real Estate Lawyer/Attorney do?(10 points!!)? |
| I want to be a Real Estate Lawyer instead of a Realtor now. I have done little research so could you please tell me what you know ? I need everything from what they do to what college classes I need ... |
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 Calif: Is a 60 day eviction notice still required for tenants of over a year? |
| I read the original bill, AB 1169, and it was to sun set on Jan. 1, 2010. I can't find anything stating that it was reinstated.... |
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| Can I Move Out Even Without My Lease Agreement? |
We lease an apartment in Alberta, Edmonton. We've lived in the apartment we are in now for almost 4 years.
I signed our new lease agreement for 2009-2010 9 months ago, and despite ... |
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 how is it being a realtor/real state agent? |
what is the differece? how can I become one? I am in college..about to finish foreign language degree..if dietetian doesnt work out, then I rather be a real state agent..
is it easy to ... |
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 house sale,offer accepted/house of market? |
| hi,after long negotiation we finally got the seller to take the house of the market.there was a lot of intrest.we are financially the best bet according to the agent who worked hard on our behalf.... |
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 housing in san francisco? |
| is the financial district a good place to rent in san francisco if so what other parts of san francisco? And what neighborhoods should I avoid in san francisco. I want to rent where's there'... |
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 How can I quiet down my apartment? |
| I live about 100 ft from a MAJOR freeway (5 lane). My sliding glass door faces the freeway and is single-pane. The apartment is a rental, so buying a dual-pane slider is out of the question. What ... |
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 How much do Realtors have to pay to Real Estate Companies in Vancouver (either a Seller or Buyer)? |
After you get your Real Estate License, you have to join Re/Max or Royal LePage or ...
How much do day get for letting you join them?... |
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GOODD | We want to get a new house, how do we get out from under our old one? |
My husband and I are looking to sell our home. We used First Time home buyers to purchase it, which means we didn't put a down payment on it. We spent a lot of money on improvements, but obviously the real estate market stinks. Because the market stinks we can get a better house for the same amount of money, and I want to use my VA benefit. Is there a way to get out from under our current mortgage? We aren't sitting on 20 grand to pay the principal down on our current home. :(
Additional Details
We have found our dream house and want to move - closer to work and all that jazz - but we don't have any equity in our home to help cover costs to get our current house sold or afford two homes at the same time. Any suggestions? |
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chatsplas
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Well, you have to REPAY the first time home owners credit you used as down payment on home if you sell it now.
Most common mistake of first time homebuyers is overextending themselves.
The LESS one puts down, the MORE they pay for the home over time, in tens of thousands of dollars in interest every year, ending up paying 10 times home's cost.
Carefully consider ALL the costs and repercussions of your actions before going to do this. There are MANY additional costs involved. |
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real estate guy
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You have an obligation to pay off the first house, even if it's a loss. PERIOD. The banks and the gvpt don't owe you anything. Had you put money down, selling now and breaking even, it would matter. The only difference is you didn't put money down and want to sell now, so you have to come up with the 20k (now vs before).
Think about renting the house out. However, since you don't have 25% equity in the place, you will need to be able to carry 2 mortgages to qualify. Talk with a lender. |
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My Take on It
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Are you saying you got the 8k tax credit? If so, have you lived in this place for 3 years yet? You have to live there for 3 years before selling or you have to pay back that credit.
If you have no equity, then you will have to sell at a loss and bring money to closing or sell for enough to break even. That means you may have to wait this out. |
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