 If there are not enough houses how comes the price is falling? |
| Another dirty trick by the banks to steal our money do you agree?... |
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 Credit Scores and Mortgage Rates? |
| Let's say someone has 803 FICO score, no debts, 90k year salary, investments, and savings. Let's say the person is single with no co-borrower. If lenders listed daily prime rates of ... |
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 Realtors Commision Question...? |
| If I found a listing online and am not working with an agent, can I get some of the buyers commision off of the total sale price? Is there any way to sway a better deal on the house?... |
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 What recourse does one have when a landlord refuses to provide heat in freezing weather? |
| My mom is a tenant in Brooklyn, NY. Despite repeated requests, the landlord will not provide heat in the building. This is one of his many antics to push the tenants out, as it is his intention to ... |
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 Why don't people who are currently selling property (in the UK) acknowledge that they need to drastically... |
...reduce their asking price?
I mean, a Recession has been predicted and property vendors STILL have their heads in the clouds thinking they can achieve maximum returns on their house/flat ... |
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 How do you determine if you paid too much for a house? |
| We recently closed on a new home in Texas. The asking price of the home was $143,990, but as an incentive (per the builder) they decreased the price to $137,990. That's what we purchased the ... |
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 Me and my fiance are looking to buy our first home, how much should we pay for our home? |
Together we make $80,000 a year. What is the percentage that should go toward monthly mortgage. With no money down.
T... |
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 Is there anyway that I can get a mortgage with no downpayment? |
| I have great credit, but it is new.. Bought car in August, 2 credit cards, and make about $30,000/year. I only need at the max $75,000. I have no money for downpayment, but can sustain a mortgage.... |
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 Can a landlord take your personal property for back rent? |
| I am 1 month behind on my rent and my landlord left me a message saying that if I don't have the money by September 10th he is going to come in and take all my furniture and TV and what not. And ... |
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 Gave deposit, didnt sign a contract, never moved in just changed my mind 1 day after can I get deposit back? |
| I gave the deposit for an apartament without signing contrat, next day i changed my mind, and dont want to move in and they wont give me the deposit back.... |
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 I am looking to buy a home. I just recently filed bankrp. I am a mother of three kids and my budget is small |
| What programs are out there to help a mother of 3. We are living in a small apt at the moment and we need something bigger. I hear about all these programs out there but, its all confusing to me. I... |
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 Buying an apartment or flat? Is it a good investment and will i find it difficult to sell? |
| I'm considering buying an apartment or flat but i've heard that they can be harder to sell than houses. Is this true? Does having other homes in the same apartment building as yours cause ... |
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 Is it true that you can get evicted if you mess with the smoke alarm in your apartment? |
| A couple of weeks ago, I was baking chicken, & the alarm went off. My next door neighbors came in & took it off. I asked, "Wouldn't I get evicted for this?" & they said, &... |
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 I would like to know every ones opinion on was going to take place with the real estate market over the next? |
| i would like to know every ones opinion on was going to take place with the real estate market over the next few years , im think of buying a 200,000 townhouse in brownard county plantation south ... |
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 I got a rental termination notice,After the Landlord was Fined by the code enforcement,What can I do? |
| The Place I live in had a city inspection. And was given a fix it ticket -35days this time has pasted,and was mailed a termination notice, with no reason at all, I have lived here for 15 yrs. I don�... |
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 Landlord problems, PLZ help!!!? |
| The basement has been flooded with sewage for weeks. the fridge has never worked. we have to eat out or take out for most meals. the furnace does not turn on. the roof has leaked since we moved in - ... |
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 Can I get housing benefit? I work f/t partner cannot work cause of illness. We have 2 children under 18? |
| My partner gets incapacity benefit and dla care (high) & dla mobility (low). We get wt credits £54 a week.... |
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frtnr | What are the risks to me in allowing someone to take over payments on my mortgage? |
This has been a rental house for 3 years and is much more trouble than it's worth. I'd like to sell it outright, but don't have the money to fix it up enough to get a good price and I don't have the money to make the payments while waiting for a buyer. A man offered to take over the payments, transferring the title to his name and setting it up to pay my mortgage directly to the company, but leaving it in my name. He does this for investments and resells the houses. It makes me nervous to think of just trusting someone else to pay something that goes on my credit. What if he does have to turn it back over to me 3 years down the road? What kind of risks am I looking at? |
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kokopelli
 |
The lender might not allow it in the first place. Most mortgages will be due and payable if the ownership changes; it's a clause written right into the mortgage. So if the deed changes you could end up with a notice from the bank demanding payment in full of the entire balance in 30 days. The only way this could be prevented is for this person to assume the mortgage, again requiring bank approval and most likely a payment of some assumtion fee.
I would never want to simply give title to my property to someone else and still be stuck for the mortgage on it. If he defaults then you could face a ruined credit report.
He is trying to get the property without incurring any financial obligation. What happens to him if he does not pay? The bank forecloses and the blot is on YOUR credit history, not his. it's a really, really bad idea. Don't do it. |
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Nikolas S
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In Short....You lose your house! |
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mazziatplay
 |
You'd have to be complete fool to do this. If you put the property into his name you no longer have any rights to the property but you will remain fully and solely responsible for the mortgage. If he defaults on the mortgage they'll foreclose on you, not him. If he sells the property, even for a profit, yoyu'll get absolutely nothing because all he has to do to clear title is pay off the mortgage.
This is a con and you can lose the property, your credit history and lord knows what else. |
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golfers_r_me
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Are you retarded?
#1) it's illegal in the eyes of the mortgage co
#2) depending on the mortgage you pulled out it may or may not be transferable
You don't know this guy!? For people in your situation there are a lot of other contracts that you can enter into that don't involve transference of the title. |
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TheMom
 |
Wait wait wait!!!!
Short story - THE GUY IS BULL SHITTING YOU!!!
This is a scam to steal your house. Period. Nothing else.
He gets the house. You get the mortgage payment.
No real investor does business this way. |
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iphonenewbee
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I don't believe this is a good idea!!! First off, I can't see how you can title it in his name when the mortgage co. holds a lien. If it is a personal loan as opposed to a lien, then you better set up your own lien on the property have him pay you and you pay your "mortgage". You have the right instinct about "just trusting someone". Don't do it. If he wants the property let him pay you and get his own mortgage. |
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donald e
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wow if u are in pennsylvania contact me, i would love this deal, lol, NO WAY DO U DO THIS, ARE U NUTS, I WOULD OFFER HIM A LEASE PURCHASE, WHERE PROPERTY REMAINS IN YOUR NAME AND HE PAYS YOU DIRECTLY THAT WAY U CAN GET HIM OUT IF YOU DONT RECIEVE PAYMENT, talk about destroying your credit, and the mortgage company can call your note due in full if they find out. you are looking at all kinds of risk short of a lease purchase and even that is risky if they dont pay you on time as you are still required to pay your lender but at least you maintain title to the property in your name, when in doubt ask an attorney. again contact me if u r in pennsylvania |
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bob m
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If you have a loan the title is usually held by the bank until you pay the loan off. Don "t know if you have a bank loan or some other type.If you signed the loan agreement you are lible for payment.If you show the bank that you have a letter from another party to pay the loan it won"t carry any weight with the lender.If he doesn"t pay your stuck with the payments and the cost of a lawyer to get yor house back |
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f s
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JUST SAY NO! IF HE CANT GET HIS OWN MORTGAGE THEN DONT RISK IT..He is still using your money to make money....let him apply for his own loan..or maybe he has other real estate to put up for collateral |
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