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 We have a 1st and 2nd mortage on our house. The house is worth $150 and we owe $220 Can we forclose? Y or N?

Additional Details
The reason we are thinking about doing it is we have so much other debt that it will be easier living in an apartment for 5 years and getting back on our feet....


 When you evict a tenant for failing to pay, can you sue to get rent payments?
I may have to begin eviction proceedings because of late rent. Can I sue for the remainder of the lease agreement? They are two months in, however this is a college rental and it would be impossible ...


 Buy home, renovate and then sell?
I am a contractor, would it be any good to buy a cheap house in Pennsylvania, renovate it "increase it's value" and then sell it?...


 What is the name of the person that pays the rent?
The person one pays the rent to is called a Landlord, but is there a special name for the people that pay the rent, from the Landlord's perspective?...


 Screwed out of $5000 by our real estate agent? or standard practice?
We found out a week before closing on our house that we qualify for a $5000 interest free loan from the city housing dept because we are in a low enough income bracket. If we stay in the house for 10 ...


 What Exactly is looked at by lenders to give a home loan?
I know your credit, but what else exactly?...


 I would like some tips on selling my home quickly!?
My husband and I plan on selling our home soon. We are getting stuff clean, finishing a pantry, ect. We hope to be ready by October. What are some things we can do that are not too expensive or ...


 Mortgage for Prefab House?
I have an appointment with nationwide in a couple of weeks to set up a mortgage (already looked around for one, Nationwide was the best for me), but i have just found out the reason the house I want ...


 How do you foreclose on a house?
We are currently buying a smaller trailer compared to our 3 floor House. We cant afford to keep paying for this house in the summer time. We were wondering what the consiquences were on foreclosure? W...


 There is a piece of land that was offered to us for $5000. in Malibu. Should we buy it?
The size is about 6000 sq ft, ( one lot). At this time it is unbuildable but has a great ocean view....


 Can I move out with £900 a month?
my mum tells me no because it's gonna be hard moving out sinc eI only earn £900 a month. she gave me an example of one of my friend who struggled to pay rent etc. with her flat mates and moved ...


 Do legal occupants have rights in an apartment?
My roommate qualified to be on the lease but I didn't, so the landlord ask me if I wanted to be an occupant. I agreed to be an occupant not thinking at the time my roommate was nuts. After we ...


 WTF is up with "nonrefundable pet deposits"?!?!
I'm trying to move into a new apt here in NOLA and what the hell, it seems like every place doesn't allow pets or has a nonrefundable pet deposit. That's not a deposit, that's a ...


 Landlords!!!help scared
hi all looking for some advice , my old landlord is threatning me with court action , there was never a lease or anything , now he has been sending me threatning emails with all my details N.I ...


 How do you turn a second home into a primary home?
My husband and I sold our primary home this year, but still own another house in a different state. We are now renting in the city of our primary home, but would like our second home to be ...


 While I was visiting my property to collect rent, my tenants' pit bull attacked! What can I do?
Yesterday I had to go visit some of my rental property to collect rent, like time and time again.....the tenants left when they found out I was in town. I was surveying the property when their pit ...


 Why do I only see masonic lodges on the nicer neighborhoods?
For many years, my hobby has been to drive around in my car, and just look at the pretty houses. Friends actually enjoy me taking them on tours of the nicer neighborhoods to show them houses, I know ...


 Would a landlord evict over grease marks on walls
if you intend on painting it before moving out and pay rent on time and keep the place clean others wise, would they kick you out over just grease marks on the walls?
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 Can we afford this loan for a home?
Ok, hears the deal. My husband makes about $60,000 a year and im a stay at home mom. I have no credit and he has not to good credit. His score is about 600. We want a house for about $150,000. Do you ...


 Is it legal for a non-family member to rent a room in your house?
Our next door neighbors are letting non-family members rent their basement, and they have been there for about 6 months or longer now. I would like to know if it is legal or not.
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Chan
What's the BEST and FASTEST way to profit as a realtor?
I've been a licensed realtor for the past 3 years and I've done ok in it while working a full time job that pays very well. I want (and need) to replace my current salary with full time real estate work, as my employer is downsizing within the next few months. Any ideas for a quick jumpstart in real estate that will pay me consistently?
                     
 




Tony
I have been a Realtor for 15 years.

The best way and the only way that has worked for me is consistant farming.

Read Gary kellers book "millionaire real estate agent", there is a lot of hype but the 1st few chapters are great.

Farm-farm-farm


www.hqhomes.com


bostonianinmo
Rating
List List List! + Sell Sell Sell! = $$$ $$$ $$$!

I've got a friend who's a realtor. This guy is a selling fool. He spends 1 hour every day cold-calling out of the phone book and averages 2 listings A DAY from the cold calls! He'll probably clear $1,000,000 this year.


LasVegasMomma
check out www.buffiniandcompany.com


Mark F
Rating
Use you knowledge to purchase rentals, when and if the bubble falls out, people still need a place to live and if they are not buying they are renting!


a_thomas1049
Rating
Network, Network, Network! You have let the whole world know what you do. Get in touch with all of your family, friends, and acquaintances. Let them know that you're doing real estate full time now. Tell them if they or somebody they know is interested in buying or selling a house, to contact you. Get in touch with past buyers and sellers you've worked. Sell yourself and your work ethic. Be positive and upbeat. Also you could try getting in touch with builders and investors of new subdivisions and try to be the listing/onsite agent. Good Luck!


bigmary2
I would definitely start by getting a website and getting your name out there.

The NAR put out a study in 2005 saying that the use of the Internet to search for a home has risen from 2% in 1995 to 77% in 2005 and agents with websites has increased 129% over the past 5 years. It also said that In terms of lead generation, only referrals and repeat clients rank above the Internet as the most effective methods of gaining new business.

Unfortunately the real estate industry is a little bit behind in marketing themselves online, so having a website that displays the MLS data with an integrated IDX feed is probably your best bet to beat the competition. Especially since most of the real estate being sold is being done so by the newly established realtors who have mastered online marketing.

Some good website design companies are http://www.bayshoresolutions.com or http://www.13avenue.com

But the real kicker is being able to display MLS listings on your site and integrate search tools using an IDX feed. IDX Broker is definitely a superior product: http://www.idxbroker.com

Good luck!


Spencer B
Rating
Spend half of what you make from real estate while you have a job marketing yourself to get new listings and open house them to death to get more clients, especially buyers.
The only way to get more business is marketing. I prefer direct mail and I advertise my strong marketing message. I'm trying to get my website going but direct mail has gotten me the best returns. The only other effective way that I know of is the way most brokers start out making money. Networking, starting with friends and family and widening out from there.


Elkie
Sell lots of houses!


Michael J
Rating
Hi Chan

I would advise you to diversify to overseas markets. Overseas property is a massive industry in the UK and Europe and it is only a matter of time before people in US realize that there are extremely profitable properties in the emerging markets of Europe. Have a look at my company's website and if you are interested, we can discuss a partnership.

Thanks

Michael
http://www.therightmoveabroad.com/


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