 I have clogged sink. If I notify my landlord in writing can I repair it and deduct it from the rent? |
| I have notified him verbally. Is there a specific number of times I must notify him before I get it repaired, deduct it from the rent and provide him with the reciept for the repair?... |
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 I NEEEED help....please!? |
| My boyfriend and I just moved to a new city, we've been staying with my mom for a month or two while we tried finding an apartment.......so we found one but the problem is neither of us has a SIN... |
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 I want an apartment cause I live with my BFs fam and I cant stand them, is there some kind of loan I can get? |
| I live with his family and I can NOT stand them his sister is a nosy snitch, but anyways I'm 18 and I want an apartment but I don't have a job, is there anyway I can get a loan or something,... |
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 What can someone do if realtor will not submit offer? |
| My friends wants to submit a full price offer on a foreclosure and the listing agent is basically saying that there is no point because he has a "good cash offer" already....Well so is her ... |
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 What are the legal consequences of eviction if there is no monies owed to landlord? |
| I believe my property manager is trying to evict me & my fiancee because she has a personal problem with me. they gave us 2 prior notices about "junk" on the balcony (2 bikes 1st time, 2... |
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 How many people can live in a one bedroom apartment? |
I would like to know where I can find out how many people can live in a one bedroom apartment in Oklahoma City, OK.
Additional Details
I am asking because of my neighbors who have a TON ... |
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 What's a decent offer to make on a house that's asking $189k? |
| I am thinking of making a full cash offer on a home in Boise that is currently listed at $189,000. In this slow market, what is a reasonable offer to make without offending them?... |
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 My mother wants to buy a house......? |
| she currently has bad credit, but she makes about 50,000 per year. She has come into some money and she is going to pay off all of her pass debts to clear her credit, she also has enough money for a ... |
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 Where can I get a great new purchase mortgage loan without PMI? |
| I have a low credit score, but my wife has a better one. I make more money than her. I've been given an offer from a bank but not a good one in my opinion.... |
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 30 days notice to my landlord? |
| I live in CA on a month to month basis. I just gave my landlord a 30 days notice today (June 11) but I will only be staying there until the end of the month. I gave him the notice because I ... |
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 Should I get a home inspection on a brand new place? |
| I'm about to purchase a brand new condo in Burbank, CA. The realtor has asked me to decide whether or not I want an inspection. So far I have read that CA home inspectors are not licensed, and ... |
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| Would you pay more in rent to live closer to work if the commute is very expensive in gas? |
| Im trying to figure out if it is worth getting a more expensive apartment that is closer to my work if I use the money I would normally spend on gas for the extra rent. Is there logic in this?... |
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 Renters question? |
| What happens if someone who is renting a room out from somebody in their house doesnt return the keys on the last day their lease is up? I would assume you just deduct the amount is costs to get the ... |
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 Are private tenants now allowed pets? |
| My Economics lecturer told us in class that they are bringing in new laws saying that landlords can no longer state that they don't want DSS, smokers or pets in their property. I have been ... |
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scully513 | What can you do if you were left a house as part of a will but you can't afford the mortgage payments? |
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Elsie
 |
Well, the obvious answer is to sell it, but if the real estate market is anything like it is in Illinois, it could take a year or more to sell, and in the mean time, you still can't pay the monthly mortgage, and you'll end up losing the place anyway.
In that case, you could live in it and get a roommate or two to help defray the cost of the mortgage.
Figure how much extra you need to make the monthly payments, including taxes, insurance and utilities, to help you figure out how much you need to charge your roommates to make ends meet.
Then you need to check out the "roommates wanted" ad in the newspaper to see that a room for rent is going for in your area. If it's less than what you need to get to stay in the house, then it's not going to be a good deal for people to live with you, so you might want to look at the third option...
Rent it out altogether. You don't live there, you're the land lord. Again, you have to check out what comparable homes in the area are renting for, so you you aren't over or undercharging, and, again, if you need more, you're not going to be able to rent the place. If that's the case you might consider co-owning the home with another relative (sibling, parent, cousin, whatever). If there's someone you trust who you could refinance the house with, so that both names are on the mortgage, then you could rent it out and "share the profit or loss". Make sure you hire a real estate attorney to draw up the papers so it's clear what happens to the house in the event that one of you should meet with an untimely death...as in, do you want your share of the house to be automatically transfered to the co-owner, or do you want the option to will your share to another family member. |
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MarJoe
 |
Rent it out to make the payments, and use it as a tax deduction. |
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Gherkinhead
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Lease it, that should cover the mortgage and leave you with an appreciating asset. |
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Darby
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Sell it. Sometimes you have to be practical. Don't squander the profits, save it or use it for a down payment on a house you can afford. |
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Bad Co.
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You can put it on the market and pay off the mortgage and keep the equity. The mortgage company will probably work with you on the refinance until it sells. If it sentimental, I would try to rent it out to pay the mortgage. |
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Rick B
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Sell it. |
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kate
 |
Actually , if there was a mortgage , you could not be "left the house" because whomever did Not own it ,
The bank / lender owns it .
The lender would have to approve transfer of the mortgage anyways and would want to qualify you .
You should contact the lender about the remaining balance and perhaps it is small and could be refinanced into your name for less because the smaller amount would be over 15 or 20 year fixed .
Sorry for your loss of family
> |
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picador
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In this day and age it is possible that your house has a bigger mortgage than it's worth - so-called negative equity. In such a case you might ask an attorney if you have the right to refuse the bequest and, if so, how to go about doing it. It just doesn't seem right that someone can pass a debt along to someone without their prior agreement. |
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Imroz R
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You can rent it out and use the rent to pay the mortgage. |
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