 Does anyone know if there is a way out of a 5 year fixed mortgage without having to pay the penalty? |
| I got a fixed 5 year fixed mortgage with northern rock, due to unforeseen circumstances i now have to put the house on the market, im only 5 months into the mortgage term which means a hefty penalty, ... |
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 If I use a realtor to see my house, can I be there when they are showing the house? |
| Then I could point out additional good things about the house or neighborhood. Or is this something I forfeit by hiring a realtor?... |
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| I need to get a court order to evict a tenant thats not paying rent. He won't leave on his own and owes us 2 months of rent. Is it going to be difficult if we just had a verbal agreement and ... |
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| Can a landlord charge an insufficient (30 day) notice fee, when landlord rents apt immediately and is out $0.? |
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 Realtor Fees? |
| We are thinking of buying our first home in the next year, and I am curious what the average cost of realtor fees are for the buyer in the Midwest US? Thanks!... |
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 No Homeless People on Earth? |
EARTH
The fifth-largest planet of the solar system and the third in order of position from the sun. It is an oblate spheroid, being slightly flattened at the poles. Satellite observations ... |
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 Anyone have any advice on selling our house FSBO? |
| I know that is not the ideal way to sell - we've always used a realtor in the past, but if we do this time we'd lose money which we can't afford. Selling so I can stay home with baby ... |
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 Repost: About how much would it cost me to have someone build this house? |
I asked this question last night but didn't get any responses. Perhaps you Real Estate section folks are morning people? ;) I've also added a couple of questions to the end.
S... |
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 My Granddad is a pensioner who is looking for a house to rent. Is he part of dss? |
| My Granddad is a pensioner who is looking for a house to rent. The government would pay him the amount needed directly to his bank account. i want to know whether he is Dss or not. Because someone ... |
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 What Can be Done if Many Townhome Owners Refuse to Pay Maintenance? |
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 Really outdated bathroom in the apartment I rent? |
I live in freaking NYC - I don't like it. Rent is 1,250 for a two bedroom one bathroom.
The bathroom is stuck in the 70's and is gross. The floors are tiny white tiles and the wall ... |
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 Can I get out of a lease if I can't move in? |
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 I just turned 18, how much money will I need to buy a house? |
I'm going to start investing now. My grandpa is rich and will give me however much money I need.
What do I do to buy a house? Get a loan from my bank, buy it, pay morgage, then rent it out.<... |
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 Anyone know of an online site where I can create and print a FSBO flyer? |
| And od you have any tips on what information is important to include? Thanks!... |
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spencer o | What is a foreclosed home? |
how do foreclosed homes work? Do i pay what is owed against them or so i just purchase it for a super low price?
Additional Details
So a Foreclosed home is not bought at an auction? |
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chloe
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a foreclosed home is a bank owned home known as a foreclosure |
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justincade
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Foreclosed home are homes that were mortgaged but the owners were unable to make the payments at some point, after which the bank that held the mortgage took the home over. You purchase it for whatever the bank is willing to sell it for. |
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yeagerre
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Tricky question.... grey area here, and the answer might vary based on state law.
Foreclosure here in NC results in a sale at the courthouse steps. Most often, the mortgage holder is high bidder, and then turns about and offers the property for sale, usually through a REALTOR®.
It's still a property that was foreclosed upon in either case, so I guess you'd still call it a "foreclosed home", whether you bought it at the courthouse steps, or bought it from the bank after thay bought it at the courthouse steps. |
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arklatexrat
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Foreclosed homes are homes where the mortgage has gone into default. The homebuyer has been, or is in the process of being evicted, and the home is put up for what is called a "short sale." These days, with the housing crisis, be very careful, because the houses may not be worth what is owed on the mortgage in today's depressed market.
Typically, there are also other problems with foreclosed homes--they have not likely been well maintained and repaired prior to going into foreclosure, and there may be damage to the home from items removed, vandalized, or just being left vacant. Expect to have some rehab costs over and above the sales price, sometimes significant ones.
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charburt8
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A foreclosed home is a home in which the owners stopped paying their mortgage for 3 plus months (for whatever reason). The bank has changed the locks so the owners can no longer have access (if they have not already vacated the premises). The bank now owns the property and sells it usually for a cheaper price than what the house was originally purchased for. With bank owned/foreclosed homes usually if it is in good condition there will be many people who make an offer on it so you never really know if your offer will be accepted because you don't know what the other offers are. Unless the listing agent is representing you, he or she cannot tell you what the other offers are but they can tell you what would be a competitive offer. |
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Dont_taze_me_bro
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They are boarded up - hence "closed". |
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Bryce F
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A foreclosed home is a home where the person decided they could not pay their loan. The bank than reposes the house and sell it on an auction. You pay what your bid was for the house. |
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gabrielsmusicaz
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foreclosed just means that the bank has reposessed it because the original owners stopped paying the bills...The super low price is usually reflective of the fact that the bank has already recieved a lot of payment for the house... So yeah, you pretty much just pay a super low price...but the downpayment itself may need to be a little higher. Depends on the bank. |
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B
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No you have to buy it for whatever the banks have it listed as, sometimes its below market and sometimes not, but alot of times the insides look like crap so be careful! |
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