 Can you turn your home into a business? |
my friend is looking for a premises to start an organisation, can she transform the ground floor of her house.
Additional Details
she wanted to set up a help organisation for domestic ... |
|
 For mortgage purposes, will my second home be considered a primary residence, investment prop. or second home? |
| I'm currently renting out my primary residence. I moved, and am living in a rental in a different state. I'm sort of doing this backward. I want to maintain my original home as a rental, ... |
|
 Will the UK Prooperty Market crash in 2007? |
www.housepricecrash.co.uk
www.globalhousepricecrash.... |
|
 Need legal advice on an apartment.? |
| My fiance and I have lived in this apartment since November and there is a new tennant up stairs who is constantly loud and throwing parties all the time for days straight. When I first asked her to ... |
|
 Is this reasonable? I have a counter offer on a property, I want to purchase.? |
| The listed price is $249,900, and the MRIS remarks section describes the sellers as motivated. My offer was: Purchase for $245,000 with $8500 closing cost assistance. The owner's counter offer ... |
|
 I have a mold issue and the landlord is putting us up in a hotel until fixed, Do we still have to pay rent?? |
| Ok, so we have had water leaks that the landlord failed to fix until weeks had passed and damage was done. Once taken care of (in feb 07) they never addressed the water damage, just the cause. Months ... |
|
 How kids can help out with moving? |
| My family and i are planning on moving to a smaller home soon (As in August or September). I was just wondering what us kids, my sister and i (17 and 13) could do to help? Perhaps rais a little money ... |
|
 What rate of interest i will be charged for a home loan of rs.1500000? |
| i have salary of Rs.10,500/- can i get home loan of Rs.15,00,000/- on it. with what rate of interested and with emi and months it will take to recover it.... |
|
 Our house agent says just don't mention it- Is he right? |
| Our cellar has always been full of water. We are retiring to the seaside now. I'm thinking of calling the cellar a drought-proof water storage facility or should I install a diving board and ... |
|
 Landlord Unlawful Entry? |
| I've been noticing that my landlord enters my apartment when I'm not there and I was wondering what can be done about it. Even though she denies it, I notice that my things are placed where ... |
|
 Can I Sue My Landlord for Harassment? |
I live in GA and my landlord's spouse has threatened me physically and I can't afford to live no where else. I rent a house. Can I sue them for the house?
Additional Details
My ... |
|
 I recently got divorced. my ex husband will not refiance? |
| i am not living at that house. my name is still on the mortgage. is there a way to get my name off?... |
|
 Is it possible for a landlord to raise our rent? |
| I just recently recieved a notice on my door saying that our water is going to be shut off. I am renting this place by the way. I fear that our rent is too low for my landlord to pay the water bill. I... |
|
 What happens if the people you buy a house from arent moved out on the possesion date? |
| We bought a house in a small town 6 months ago. Our possession date is tomorrow. It doesn't look like the people we bought from are making much of an effort to move out. They have built a house ... |
|
|  |
h | What's better, foreclose, or file bankruptcy...? |
credit is bad already for missing pymt. but as homes going through foreclosure, should i file bankruptcy, or should i just let foreclosure happen and not worry about it...? what are the pros/cons of it all.....
Additional Details
thanks for all these answers and i mean it. just wanted to add details that i tried short selling the homes yet lenders didn't wanna accept the offer being lower than their expectation, and they take too long to give that answers so buyers ran away. so shortsale wasnt the option avail. for me.
i asked 1 of the 4 lenders im involved if theres lieu of foreclosure and the answer was no-
i also visited 'we buy home' company and looks like they want to offer me so cheap. i know lenders dont bother the price if that cheap.. not sure how that works and i hear scheme stories.
so lost. |
 |
 
outwest
|
Do NOT file for bankruptcy! The only one who will win is your lawyer. Like the others said, sell your home. Call a "we buy houses" guy in the paper or from a bandit sign. Most likely they can put you in with the local short sale expert. If you can still afford your home but had a hardship that is over go to http://www.preforeclosureusa.com/us and contact them or some other loss mitigation company. They specialize in keeping people in their homes not buying them at a discount. Again, don't do bankruptcy as the laws have changed and you will probable have to pay all the debt back anyway in the form of payments. |
|
qman
|
Neither, sell the house. If you owe more than it's worth then get a personal loan to cover the difference. Then act your wage. |
|
Rick B
 |
Neither. Put your house on the market and SELL IT! Or, see if your lendor will take a short sale.
Don't sit back and let your credit go down the drain. |
|
wartz
|
Don't file bankruptcy unless you will gain something else from it. The foreclosure will still go through if you don't make your payments. Bankruptcy could stall it for a few months but that is about it. Seek professional help before making a decision. It is not a DIY project. |
|
Brent
|
Hi,
If you have multiple repayment commitments, its better to go for bankruptcy. If only the home loan is bothering you too much, you can prefer foreclosure. You can visit http://bankruptcy.grantsaccess.info to get your query on bankruptcy well clarified. Good luck! |
|
young2bballin
|
Neither contact your lender and ask for a short sale. It will put the home on the market and you should be able to stay there until it sells. The way the market is right now it should give you a long period of time where you will pretty much be living there for free. Then when it finally does sell it will be a lot better than foreclosure or bankruptcy. |
|
BizWoman
|
Yeah, neither. I agree with the other person, that say sell the home. It may be too late to refinance. Hope everything work out. |
|
Fast S
 |
Lots of people think that once they’ve filed for bankruptcy they will be unable to ever get a loan again, and ultimately they are unable to do anything financial ever again. This isn’t always true, there are<!--always ways to improve your financial standing, and there are also ways to repair your damaged credit rating.
http://badcredits.awardspace.com/Bankruptcy.htm
In fact one of the best ways to improve your credit rating is to refinance your home mortgage, this-->will help to improve your credit history in a number of different ways. |
|
kate
 |
Foreclosure is a house ,
Bankruptcy is your entire financial life .
If all our debts exceed your income than bankruptcy may be necessary but the laws have changed and they even mandate credit counseling before granting it .
Have you inquired into a short sale / deed in lieu of foreclosure ?
> |
|
Roxanne G
 |
it depends on how bad it is. sometimes it is better to claim bankruptcy than to foreclose because the foreclosure will destroy your credit anyway and you will be forced to pay the creditors back anyway. bankruptcy will take 7 years to recover (which could be equal for foreclosure if it's bad) but you will not have to repay the debts. I would hire a bankruptcy lawyer and discuss your options. I think the total cost is around $600. I haven't done it but have known several people who have and it worked out for their situations. |
|
mary h
|
neither are very good, you will be more likely to recover from a bankrupcy quicker- as long as you play your cards right and keep up with your other bills afterwards. another thing to consider is the other bills you have may not even be bankruptable- with new laws in tact- most people have to actually pay most of the debt back after filing bankrupcy, this is something that you will have to consult with a attorney about with your particular situation.
you should try to stay away from both scenarios though-both show up negatively on your credit report as a judgement agaisnt you. I f you have a house - SELL IT!! the market is on the way out- sales are slow , but prices are not that bad still- I would recommend throwing your house on the market for bare minimum for a quick sale ...you might still have a chance to sell it cheaply and recover from the whole ordeal. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 14 minutes(s) ago
| | | |
12 | 23 minutes(s) ago
| | | |
12 | 34 minutes(s) ago
| | | |
12 | 50 minutes(s) ago
| | | |
12 | 3 hour(s) ago
| | | |
12 | 6 hour(s) ago
| | | |
12 | 11 hour(s) ago
| | | |
12 | 2 day(s) ago
| | | |
12 | 4 day(s) ago
| | | |
11 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
