 Checking credit 4 an apartment? |
what do they look for when they check your credit?
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but i mean like where can I find it on my credit, just to save me some embarrasement??... |
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 If you are married and husband wats to sell house and wife does not? |
My husband wants to sell house, I am on the deed too, if I don't want it to be sold, can it? even if he says he going to put it up for sale, and we are married now??
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 Bank of america home loans? |
| bank of american has a special offer on home loans which includes, $0 application fee, $0 closing fees, and no private mortgage insurance ...has anybody used this deal from bank of american to buy a ... |
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 Is $12.78 enough to live somewhere that is $1,055 a month? |
So I work a steady job, 40 hours a week. I make about 900 every two weeks. Would I have enough to afford an apartment that cost $1,055 a month?
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I dont have any credit, ... |
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 Single mom tired of renting - NEED HELP? |
I am a single mother of 1, with low income. i have a roommate with good income. But both of us have questionable credit. we pay 1050 for rent now plus all utilitys.
Is it posible for us to buy ... |
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 I paid for an appraisal to refi. Dont I own the appraisal? |
| The first lender who ordered the appraisal came back with ungodly fees and interest rates. I would like to shop around for a better loan. Now other lenders want an appraisal as well. The appraiser ... |
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 Landlord controls sprinkler system, I pay water, is this right? |
| My landlord installed a sprinkler system and waters the grass constantly. Water costs more than gas and electric. How do I handle this!?... |
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 Why hasn't the government jumped in to help people in foreclosure because of predatory lenders? |
| I am in foreclosure in Maine because a lender set me up for a payment I could not legitimately afford, and am losing my family home that I have owned for 20 years, and my grandfather owned for 20 ... |
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 I bought a mobile home located in a park where i pay lot rent. Is it legal to make me pay for past due rent? |
| The past due rent is from the previous owner. When you anwser, please refer me to the law that supports your anwser. The residence is located in Gautier, Ms/... |
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 What is it like living in florida? |
Cost of Living
Colleges
Entertainment
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Well thnaks everyone jsut about the weather & the cost of living seems 2 be the cons here, but i rather live where ... |
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| Can I survive on $30,000 a year? |
| I am moving out and getting a roommate in Dallas/ Fort Wort, and i wanted some feedback on this question...... |
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 Evicting tenants ,changing locks?? |
i have a friend who was in need ,she had no deposit,no bond for a house.i was due to move ,so i rented her mine .i left it fully furnished ,very expensive audio equipment ,tv etc.
i have heard ... |
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| Why do people in the UK now buy property in Bulgaria? |
| The are a lot countries closer to the UK then Bulgaria. I don't think property is particularly cheap there..only compared to th UK..not compared to the Netherlands, Belgium, Germany, Austria, S... |
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 A question about the legality of this situation? |
| So my best friend and I have tried to get an apartment together, in the state of Texas. We applied, signed our lease, got our keys. A day later (thankfully we haven't moved in yet!) we get ... |
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 Would it be good if everything was free? |
utilities,gas,house,autos,everthing we pay for now
what would happen?... |
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 Can a tenant sue for their sec. dep. if they broke their lease and caused over that amount in damage? |
| I am a landlord in MA. My tenant moved out 2 months before there lease agreement was up. We didn't find new tenants until a month later. We sent the tenant that moved out a letter stating the ... |
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Stephenie | What if I cant sell my house for what I owe?? |
Due to the current market downfall, my house is worth about 17k less than what i owe.. I cannot refinance because i have no proof of income..
If I owe 167k and an investor offered me 99k.. what would happen to the left over 78k? would it just add to my credit and ruin it? or am i even allowed to sell it when i owe? any help would be appreciated..Thx |
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linkus86
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You have four options.
1. Let the property go into foreclosure. (credit decimated)
2. Give the lender the deed in lieu of foreclosure to save yourself the additional fees associated with a foreclosure. (credit almost decimated)
3. Sell it and pay the $68,000 at the closing table (credit safe)
4. Have the initial foreclosure proceedings occur and then contact your lender about doing a SHORT SALE (where the lender agrees to take less money than what is owed on the property ... this is where your private mortgage insurance comes in handy). If the lender accepts you walk away from the debt in full. (Credit will suffer some, but not near as bad as a foreclosure)
The bottom line is that you can't sell your property until all liens are removed (a mortgage is a lien). |
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goz1111
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If you can not sell it for the note, then it will be up your lender to decided what price lower then the note will they take, IE the short sale, would they approve a short sale for 99K? on 167? probably not
if the lender will not work with you then either you stay current with your payments or the bank forecloses |
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godged
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This is how investors make money, they buy homes for a fraction of what is owed, then either rent them or rehab and sell them for fair market value.
If it worth $167,000, why would you take a $68,000 hit? That makes absolutely NO sense.
You are going to have to come up with the money for the difference, short sale it or let the house foreclose.
Try listing it with a Realtor that knows REO's and short sales, then start negotiating with the lender.
Tell that investor - NO DEAL. |
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Alterfemego
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Steph, you need to be talking with your lender and making arrangements with them. There are any number of things lenders can do, but the question is will they.
I wouldn't accept an offer that low unless your lender says it is ok. You could be on the hook for the balance big time. They could demand the balance at closing. The lender could file a IRS 1099 form grossing up your income and tax liability. So talk with your lender first. Push and get in their face if you have to.
Regardless, you credit will take a hit, if you don't pay the mortgage. I think the majority of Americans will have pissy credit when this is all said and done. |
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estielmo
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"Investor?" Shark, you mean. But your house is "worth" what you can get for it.
In order to sell it you must pay off the full loan amount. Get a job that shows "proof of income." |
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Jennifer
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Hi,
I used "Credit Solution" to settle my loans.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://shrinkurl.us/vfq |
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Leann C
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You can talk to your mortgage lender and tell them that you have an offer that less than the mortgage amount. Ask them if they will consider a "short sale". If they agree to it, they are essentially forgiving the shortfall and you will not owe it. If they do not agree to it, they can ultimately come after for the money.
You could always sell the house and take out another loan for the $78K shortfall. Your payment would be less than your current mortgage payment on $167K. |
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broccoli brain
 |
If you can afford to, keep the house until the value catches up with what you owe on it. It is a roof over your head and as long as you are making the payments you can maintain your credit rating. You might ask yourself this,"Is my credit worth 17"K? and the answer is yes yes yes. The market will eventually change in your area.
Of course, if you must sell, then the short sale is the only way to get out of it. Good Luck! |
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contemplating
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ask your lender for permission to do a short sale. that's the only way you can do it.
if you have a 2nd mortgage, good luck |
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bonsai
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It sounds in your specific situation, you should just walk out on the house. Write your state rep and the guy in the white house a nice letter with lot of four letter words.
At least the Iraqis are doing well, or do they? |
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Debbie V
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TRY SHORT SALE |
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