 Can my flatmate charge me any rent as high as he wishes to? |
| I live in a suburb in sydney. I live in a 2 bedroom flat and share a room with another guy. The guy who owns the lease for the apartment lives in the other room. He charges us two guys rent that is ... |
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 Landlord require SSN to change utility bills' name? |
| Did we have to change the utility bill name ourselves? cause i gave my landlord the social security number,which he said it requires to change the name on utility. He said he changed the name already.... |
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 Do they have to buy since they put an offer in and it was accepted? |
| Do the buyers of our home have to get it since they accepted our counter offer? Im just so worried that they will end up backing out at the end. So as long as the inspection and appraisal comes ... |
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 With HOA fees how often do they go up? |
| I am interested in buying a house that has HOA fees I have heard the good and the bad on HOA fees. Does any one know anything that may help me? How often do they go up? What are the restrictions of ... |
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 West Chester PA property taxes? |
how would property taxes be on a $400,000 house in West Chester PA ?
Additional Details
*how MUCH would they be?... |
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 How Many people are allowed live in a one bedroom apartment? |
Additional Details
There are like 4 adults and two children living above me, and its I never have any peace and quiet. It's a nightmare.... |
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 what are the do's and donts when planning to either buying, rent a home? |
| also what are some things to consider remodeling if a house is out dated?... |
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 is this a fair price for a 1999 single wide mobile home? |
| 18,000 3 b/r 2 bath excellent condition will have to pay to move :heat pump and frig and stove stays with the home.will cost about 2500 to move and set up.no dishwasher.14x70 no vinyl siding or tile ... |
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 Math mortgage question...? |
Joe buys a home for $260,000 putting down 10%. His bank offered 6.5% for 25yr mortgage. The principle after the 1st payment had a balance outstanding of what?
A $207, 270.95
B $207,720.59<... |
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 Capital Gains - Renting out primary Residence? |
| I have lived in my home for several years and while the real estate market has been rather fickle, I am still ahead of the game with today's market value compared to when I bought my home. I ... |
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 I need a name for my property and can't come up with anything, can anyone else? |
| I have acreage that is hilly and rocky.I have 3 horses ;an appaloosa,a percheron x and a rocky mountain horse .I also have 3 dogs,all rescues,2 aussies and a black lab .There are moose in and around ... |
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| Is this fair to my roommates? |
| Ok I live in an apartment while going to college with my younger brother and 2 other roommates who are his friends. Every month we each sit down and figure out what each other owes for each bill ... |
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 How soon can you withdraw funds from 401K for house down payment? |
| Is there time limit from when you withdrew the money to the time you close on your home? What if I withdraw a certain amount of money, but end up not needing all of it for the down payment? Can it ... |
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 Parents letter in the mail says something about foreclosure? |
| So I got the mail today and walked in. A day ago a Remax rep actually came to the door and said "I'm here to discuss with your parents about various options they have with the house." ... |
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 Is there any way get free credit score or report? |
| Is there a way to get a free credit report?I tried but they only offer a "Free Score",then money to ... |
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 Renting out condo in Virgina? |
My husband and I recently purchased a 2 bedroom/2 bathroom condo and are interested in renting it out in a few years as we are a military couple and will be relocating to a new location.
... |
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 if something is costing me €608,10.........? |
| if something is costing me €608,10, how much will it cost me in £?... |
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 we are buying a house? |
| we signed the contract and waiting for the home loan to be approved, on the contract, they give us 30 days to get the loan ready, but it has only been 10 days and the seller thinks we are too slow on ... |
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 Buying property under a false name? |
| If I wanted to buy a section of land but didn't want the land to be legally connected with me, is there a way I can buy the land under a false name without getting somebody else to do it for me?<... |
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allen | What if i stop paying on my house and...? |
If i just stop paying my mortgage, then it goes into forclosure, would it be possible to have a relative buy it back for me (presumably a lower price)? Is there any legal issues that i should be aware of if i go this route? |
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Gotti
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do you have relatives in bank who can hook you up |
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Michael H
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There's no guarantee that your relative would get the property. It could very well go to auction and a private investor bid more. If you can afford your payments, try waiting out this market. It may take many years, but real estate investments historically take some time to pay off. |
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DR Bears face
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If your house was repossessed it would probably go to auction so you could not guarantee buying it at a cheap price. After the sale the mortgage holder would deduct the outstanding amount plus interest as well as any legal fees from the auction price,providing there was enough.
If you choose to sell the house and repay the mortgage you would probably end up with more cash than your scenario. |
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chatsplas
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Collusion in fraud. Major legal issues.
No guarantees of relative getting house at bargain price. |
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Ghost of Zeuz
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It can be done. You have to assume that your relative will be able to buy the house back.
Also, if you live in a state that has "recourse", then the bank can and will sue you.
If you do not live in a state that has "recourse", then the bank will issue you a 1099-MISC for the amount of the debt that is forgiven -- which means you will have to pay income tax on the forgiven debt. |
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the tax lady
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Having a relative buy it is generally not allowed as it looks like an attempt to defraud the bank. |
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James
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First your credit rating would be torpedoed amidships.
Next, there's no guarantee that the relative would be able to buy it at all, far less for a lower price.
Third, there's the small matter of attempted fraud.... |
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Cannibal Ox
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I don't know, maybe... FRAUD |
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acermill
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YES, there are legal issues involved with what you propose. You are considering what is called 'lender fraud' and that is a FEDERAL offense. Take a look into a mirror and decide if you look good in zebra stripes. "Nuff said ? |
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RED
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It could be done, as long as you don't put your name on the title. Your credit will be ruined for up to 7 years. If it goes to auction, though, anyone can buy it and your relative may not get it. Or the price may be too high. |
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