 Is consolidating your bills a good idea before trying to get a new home loan? |
| The way I look at it, I'll be out of debt at the end of this year, not including my car and small student loan...yeah, I know. I made a lot of stupid decisions. I DON'T have bad credit. I... |
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 Termination of agreement before Lease is signed??? |
| Is there a stated time that the would have landlord has to give back the deposit. We have no signed lease, I have absolutely given her a signed formal letter stating that we will no longer be ... |
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 Can a landlord tow a registered car that was in a spot that he approved? |
| He also didn't let my brother know that he towed his car, so now the towing price is more expensive b/c it's been sitting at the garage for a while.... |
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 Can anyone help me, please? |
| Does anyone know of a good website where you can look for local apartments? Thanks !!... |
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 Behind on Rent Landlord changed the Locks to the Storage area? |
| We were 10 days behind on our rent and our Landlord changed the locks on the Storage unit int he basement and left us a note saying that if we dont pay he will evict us and keep our stuff as ... |
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 Should I lock in 30 yr mortgage interest rate now/ wait. They have risen to the highest this wk.Closing 03/30 |
Should I lock in mortgage interest rate now or wait. My husband and I have decided on a house to buy and looking to get our
mortgage loan approved. The house is a new construction that will be ... |
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 Incentive for renters while house is on the market? |
| I am preparing my duplex for sale. Currently I live in one of the units. The other unit is rented and eventually, if it does not sell within a year, I will have to rent my unit out as well. My ... |
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 My best housing option? (UK only please)? |
| I have to be out my house in a month as my dad has come into some financial difficulty and has to move to smaller house which has no space for me, Im fully employed but dont have the money for a ... |
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 Could they afford an appartment? |
So a couple makes 23.25 per hour together. Is that enought for them to aford an apartment? can any one give me some links for apartments..
Thanks so much!
Additional Details
T... |
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 Where in the house does people hide their money? |
| Does people save cash in their house? If so where at? and How much ?... |
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 My boyfriend can't find a cosigner...Are there alternative ways to getting one? |
| He's 18, only had a credit for about two months, and doesn't have a good relationship with his parents. He's fully able to pay rent ($600 a month and under), since he works 40 hrs a ... |
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 What are the steps for moving out of a house that you own? (with the whole family)? |
| I constantly think about moving out of state, but we own a home. If I get a job in another city, what are the logistics for moving out of the house and not getting into a financial nightmare? I ... |
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 Foreclosures? |
SOMEONE PLEASE HELP!
Me and my family want to buy a foreclosure house in North Fontana,CA but we cant find any that we can buy that are real estate owned or how ever you buy foreclosures. We ... |
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 What's a warranty deed? Why would a buyer ask for a survey, if seller has a w. deed from orig. plot lines? |
Yes I looked it up on line, but I don't understand what I read. Can someone put this in plain english for me?
I'm curious, because a buyer wants my 64 acres surveyed prior to ... |
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 Wrongful eviction? |
| Please help. I been in this trailer park for over a year. The other day I got home with a note on my door saying, undiserable tenant. (eviciton notice) The next day I talked to the manager to ask ... |
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 Mortgage/loan confusion....? |
| Here's my situation... I am self-employed and have been for almost 3 years. I have the past 2 years tax returns... which don't total much in profit at all. I am looking to shift my business ... |
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 What kind of offer should I make on a house? |
| I found a house that I would like to purchase. The asking price is 157,500 (about average for the area). I was wondering if anyone could give me some input on how low of an offer I could make. I ... |
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 Help! Im scared and really worried!? |
I was browsing on craigslist and found an ad with his phone number and email advertisng my place for rent as of Nov.Ist. My contract does not end until March.
My boyfriend sometimes parks ... |
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matty21620 | What exactly does "owner financing" mean? |
The owner of a home is motivated to sell, so in the brochure it is listed ....... Motivated seller is willing to offer owner financing. How does that work? |
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llsnwtsn
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it means the owner will hold the note for you instead of a bank or mortgage co. |
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ill take it straight with no ice
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owner is the banker |
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sophieb
 |
The owner wants to get out from under something (be careful) so they have good credit and will get the loan under their name and then you pay them. The home is never owned by you until the loan is entirely paid off then the home goes under your name.
What's weird about this kind of financing (although it sounds good for people with bad credit) is that if that seller is funny he can accept a bid on the house to sell the home while you're living in it and assume that you have an unbreakable contract with him. Also, if the owner dies and the home gets passed down to his wife or kin and they determine they want the money, they can sell the house from under you because the loan needs to be paid off immediately so they can get their money, and the home would be sold and you'll be out on the street.
So you see, owner financing is a scary way to own a home. |
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yezznoyezzno
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Usually it means that the seller of the house will pay the buyer's closing fees. You can email me for more info. |
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cottagstan
 |
The owner will offer to hold your mortgage. This may be good or bad, depending on his terms. If you are inclined to buy his house, my advice would be, if you are considering his offer to finance, to find someone knowledgeable in financing to guide you. Usually this type of offer should be a better deal for you than conventional lender rates, but "caveat emptor". |
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satarnag
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It simply means that the owner will be the lender for all or partial of the purchase price.
It works like any other home loan. You sign a promissory note secured by the property.
Regards |
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stevegreen
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the owner loans you the money to purchase their home. They don't actually have to loan you the money, because the money is in the value of the house they are selling. |
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bob shark
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Yes it means that the owner will carry "the Mortgage", you give suitable downpayment, you and the owner enter into a contract for you to pay him monthly payments, for a certain term, or whatever you both agree to. But usually it will be sold on an "aggreement to sell" basis..The ownership in the property will be held by the seller until he is paid off and then transferred to the buyer |
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ferrology
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You pay the owner, not a bank, monthly payments, but be aware many people out there are looking for such contracts to buy up as safe investments, so whoever you buy from won't end up being the person you pay down the road, nice little old grandma mightforgive a late payment, whoever she sells the land contract to will hope you miss a payment so they can throw you out. It's all in how teh finance contract is written, what terms and percentage you can get, etc. |
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