 Should I Stay or Should I Go? |
| I currently have an offer for a modification of my home loan with Wachovia. The payment is literally cut in half which is very nice and I can finally afford to keep my home. But I’m now thinking ... |
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 I have a landlord that harasses me about rent before it is due and keeps going into my basemant when im away? |
| he will call me on sundays asking for rent when it is not due will not show me copys of the light bill i have to payy to him when i ask he goes in my house with out my consent and is always hateful ... |
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 How easy is it to become a realtor? |
is the test to get a license hard?
Is the carreer outlook good or are there too many realtors already?... |
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 House is repossessed & bank auctions 2 recover debt+fees, & there is $ left over frm sale, do you get it back? |
Please help me settle a debate. Here is the scenario:
Say you buy a house for $100,000 and get into a 30 year mortgage with a bank. Over the years, you manage to pay off 70% of the ... |
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 I have a problem with my landlord-involving mold-rent etc. PLEASE HELP!!? |
| We just moved into this condo a little over a month ago- 2 weeks ago I was putting things away and found mold. I also determined that the pure filth that I had been cleaning was also mold after ... |
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 I'm a landlord. Can I raise the rent without a signed lease renewal? |
| I have a tenant who's been living in my CA rental home for 3 years. Great tenant who's never signed a lease renewal after the first year. Can I raise the rent in the middle of the year by ... |
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 Where do I stand legally...? |
| We agreed to rent a new house a couple of weeks ago and so sent in our applications and paid £300 "admin fee" to keep the house reserved for us so that other prospective tenants couldn'... |
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| my credit isn't terrible, but I need a new place to live, and I am worried.... |
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| I believe my landlord is lying about his reason for kicking me out. He claims a family emergency and has given me 30 days notice but I found out that isn't the real reason. Can I sue him? He ... |
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 Is anyone responsible when a real estate deal falls through causing hardships for seller? |
| I'm selling my house. It had a contract on it. The buyers gave a $250 ernest check. One of the deals was that I have everything moved out by the closing day which meant I had to find another ... |
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 How do you feel that you live in your own home compared to people who can't afford to buy one ??? |
Additional Details
i don't own a house....i am renting an apartment and that's why I just want to know if people living in their homes feel good or ... |
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| Ear..the mrs want me to buy one of em muscle toners... the ones with stick on pads. bugga me £85 notes........ |
| ...my ****!! going to make er a 240 volt one....she'll be lookin like twiggy by next month.... PS. can i still claim on er life insurance if i electrocute er???????... |
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| I live on the second and third floor of a two apartment victorian house. There hasn't been anyone on the first floor for years. (I know for a fact they just took out the old gas light fixtures ... |
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 Have to be moved out of apt in over a month but afraid I won't close on a house in time.? |
| I still have 6 weeks or so til I need to move out of my apartment, but I'm afraid I won't be done closing on a house by then. If it comes down to it, is there a way to speed up the process ... |
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| I'm trying to save money to get out my parents house. But I only make 6.15 an hour and I work 4-6 hours. How long will that take?... |
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Connie M | What happens if my loan amount is more than my house is worth today cuz of the housing market? |
Three years ago, we refinanced our house, got into a 3 year ARM, didn't know anything about refinancing so I did that, thinking that was the best thing to do. It was worth $182,000, the loan was for $139,000. Because of the housing market in Florida, one lender said my house was only worth $125,000 today. How am I to get refinanced now, what happens? |
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goz1111
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you will have to personally come up with the difference in cash to lower the loan amount |
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Santi D
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From what I'm familiar with, you'll either have to stay in the house until the market turns around and the value of your property increases again or you can network with some real estate investors who may be able to sell your home if you'd be willing to buy into another home.
For more advice (especially considering whatever personal details are involved for your particular situation), you should speak with someone at a bank. And after that, go to at least two more banks and get differing opinions.
Wish you luck. |
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joediamond11
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Nothing - it's called negative equity.
You have to wait until the housing market improves again (which it will in time) or sell now and still owe the bank money. |
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65% water
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You cannot get refinanced now. Other people like you, who took out every loan on their house they could get when they were giving out loans like candy, are having their loans called in. In other words they are being told to pay the difference between what their house is worth now and the amount they owe, and if they don't the homes are being foreclosed.
It saddens me to hear you say you "didn't know anything abou refinancing" when you refinanced. That really just is no excuse, since the information was out there. People like you, who didn't educate themselves and decided they could afford a refi loan just because someone was willing to give it to them, are one of the main reasons our economy is in such a slump right now. It's all very well to blame the mortgage companies, but if every consumer had been reponsible they couldn't have given the loans out to anyone. |
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chatsplas
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VERY difficult. Hopefully that lender is wrong, because if not, it will not be possible to get refinanced, except through a government program. TALK to your current lender and ask what they can work out with you. If you get nowhere, call back again, and again. Speak with a supervisor. Your best bet is some sort of refi through your current lender. There are many credit-counseling and mortgage informational sessions being held by various organizations and governments in FLA. Find them, attend them. Get lots of information and find out your options. Don't go in blind like you did with the refi. |
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ann
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People were upside down on their mortgages all the time in the 80's. You either sell at a loss or stay put until the economy improves or sell at a loss. Also a lender is not the only person who could tell what your house is worth, check it out with a real estate broker, they have a good view of the market. |
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mysticgraystar
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You are not alone in your predicament; this is why there have been so many foreclosures in the past 2 years and coming 2 years.
You will not be able to refinance with this particular bank. Your only other choice is to find another lender (try an FHA lender) who will use a different appraiser. Appraisals are subjective, you will get 3 different values from 3 different appraisers.
If you can not afford your loan and, subsequently, go into foreclosure some lenders will contact you and offer you an option to sign your deed over to them and write off the loan. You will not have a foreclosure on your credit, just a few late payments. (Deed n Lieu of Foreclosure)
If you have to sell your home, it would be faster to enlist the help of a real estate agent. In a short sale the lender will, more often than not, agree to pay the agent's commission.
Good luck and I hope you are able to find another lender to refinance. You may look into a mortgage company; you are still looking at about $5,000 out of pocket expenses (for closing costs, appraisal, other fees), but you will get to stay in your home. |
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Jennifer
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Hi,
I used "Credit Solution" to settle my loans and improve my credit score.They managed to reduce my loans up to 58% .It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://d6b0.easyurl.net |
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Expert Realtor
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The problem? You simply cannot refinance.
Your house has to appraise for more than the loan amount in order to refinance the home.
You are what is called "upside down" and you have "negative equity" and this also prevents you from selling the property in most cases, unless the bank is willing to take the loss, which short-sales are getting more and more difficult for banks to approve. |
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