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 Landlord help!?
Can my landlord get an emergancy court order to evict me and my partner before our tenancy ends?
Additional Details
in the uk!...


 How much is your monthly mortgage?
I put zero down. Bought house for 155,OOO in NC. 1160/mo. How much is yours?...


 I need advice. I have an adjustable rate mortgage. My home has no equity. What can I do to lower the pmt?
Like many people i was one of the many that got stuck with an adjustable rate mortgage. My pmt is about to adjust, is increasing by $400. I don't know what to do because the housing market is ...


 Should we sell or rent our second home?
We have a second home which our parents plan to live in when they retire. The dilema is whether we should sell them the property outright or rent it to them. What makes more sense for both parties ...


 How can i starting right now with nothing or little step by step become millionaire then multimillionaire?
in business and or real estate?...


 How do i get out of my lease?
just moved into ground floor apartment that we pay top dollar for (in our neck of the woods). My husband and i enjoy a smoke on the patio after dinner and i enjoy sitting out there with a book and a ...


 Home rental security deposit: who owns the interests?
Hi. I've just moved out of the flat I've been renting for 2.5 years and I was wondering whether I am entitled to get the interests earned on my deposit for this time or if the landlord can ...


 I live with boyfriend. He owns house. I pay "rent" monthly. Should I be required to pay part utilities?
He owns the large expensive DC house with no mortgage. I just got first full time job in DC making a decent salary. We are domestic partners - cannot legally get married. Some people argue I ...


 If i am asked to move into a household w/no lease, then told 2 leave how long do i got?
a little over a mo. ago i was asked by my fiances family to give up my career and move to new mexico to live w/them his mother has mental issues as the whole family knows and she now says i have to ...


 Can either party in a house sale/purchase pull out of the deal once contracts have been exchanged?
...


 Tenants beware did you know this?
I rented a house for three years, the landlord and myself had a dispute, in which I had to call the police to have him removed and for the last six-month of the tenancy we did not speak, after ...


 Do you prefer to live in a house, townhouse or apartment?
...


 Can a landlord charge per day for not returning the key?
I recently moved out of my apt in NYC but did not return the key until 12 days later. Can the landlord charge me per day for holding the key?...


 What do i do if my landlord is breaching the tenancy agreement?
My landlord/agents are not giving me the required 24 hours notice to enter my property to to maintenace work. I would like to know where i stand and what i can do to stop this happening?

T...


 Why aren't houses in the South built with basements?
...


 Ca i use my credit card to make a down payment for a house?
can i use my credit card to make a down payment for a house?
credit line $15k max and no balance on CC. can i use it for a down payment?...


 Does my husband have leagal right to come home to our house after being gone over 2 months?
...


 If you are showing your house to buyers and a rat comes out dragging a rattrap because it didnt quite kill him
what is the best way to laugh it off?... What is the appropriate thing to say to potential buyers? It ruined my last deal... I just want to make sure it doesn't happen again......


 How much MONEY does it cost to file a SMALL CLAIMS COURT CASE????????
I moved out of my house at the end of my lease last month and I'm trying to get my $925 security deposit back from my landlord[s], but they keep bullshitting me, and now they won't answer ...


 If someone buys a foreclosed house for $8000, can they sell it for a hugh profit,between $50,000 and $100,000?
...



j22
What exactly is "Ernest Money" when you are dealing with a home loan?
                     
 




Jimithy â„¢
Rating
Damn Jim Verney.


ask the eightball
Rating
Earnest money is given to the seller buy the buyer when the offer is accepted. It shows the seller that the buyer is serious, and if the buyer backs out without reason, the seller keeps the earnest money. Earnest money can be made contingent on whether or not the home passes inspection, or if you can get financing, or really anything you want to make it contingent upon, as long as you put it in the earnest money agreement. If the home doesn't meet the earnest money requirements upon inspection, or you are not able to get financing, then you can get the earnest money back.


rrrevils
Rating
Earnest money is a good faith deposit but not to be confused with a down payment. When buyers execute a purchase contract, the contract specifies how much money the buyer is initially putting up to secure the contract, to show "good faith," and how much money all together will be deposited as a down payment. The balance is generally financed as a mortgage or a combination of mortgages. An earnest money deposit says to the seller: "Yes, I am serious enough about buying your house that I'm willing to put my money where my mouth is."

Because there is no set amount, it varies from market to market and across the country.

If it's a seller's market, with many buyers fighting over limited inventory, it makes logical sense for the buyer to put down a much larger earnest money deposit to entice the seller to accept the offer. In buyer's markets, a larger earnest money deposit might entice a seller to accept a much lower purchase price. So you see, it all depends.


Robin F
It is a sum of money you put down to show the seller that you are serious about entering a purchase. It's usually held for you by a neutral party (escrow company) to be drawn when an agreement is reached by the seller and buyer of a home.-good luck -Rf


cjkloanguy@yahoo.com
Rating
WHOA, if your saying it is for a homeloan, and not a purchase included, you have a problem! Some lenders will try to get money up front, so you wont walk from them, and then they can charge you more. It is legal, but why, with so much competition. Hope its for the home...

Good luck, cjkloanguy@yahoo.com


tom4texas
Ernest Money is a small amount (Usually a thousand dollars) of money you give towards working a deal on a home. The money is returned to you in full if your offer is not accepted. If your offer is accepted it is used to pay your closing costs at closing. It is also given to insure your part of the deal. If your offer is accepted and then you want to withdraw your offer then the ernest money is awarded to the seller. This is for the inconveniance of taking their home off of the market for the duration from the time of the offer to the time you withdrem. Thus the name ernest it means you are making a good faith offer and are ernest in your determination to buy the home.


mj
ernest money is "deposit money" when you make an offer on a home, and the seller accepts, this money is used to open escrow at a title company so that this transaction can be completed.


wallyinsa
Basically, it's cash you put up, typically $ 500.00, as you begin the
qualification process. If you qualify, it's applied to your down payment,
closing costs, etc. If you qualify and don't take the house, you lose the
money. It keeps people from tying up real estate who have no real interest
in buying. If you don't qualify, you get your money back.


schaianne
Earnest Money is money the buyer gives to the seller to prove they are serious on the purchase (They earnestly want to buy the property.) and to keep another contract from being drawn up by another buyer, it is generally non-refundable. In my case, the buyer gave my husband and I only like $1500 down. It is usually taken off of the total price the buyer must come up with for closing costs, etc.


bride2be
Ernest Money is money the seller is giving to the buyer to help pay for closing costs in the purchase transaction.


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