 Should I not pay the rent until problems are fixed? Or use rent money to pay for them? Details below? |
We rent out house through a rental agency, we pay £475 per calender month. Our rent was due Christmas Day but agency do not open until Jan 3rd, so rent cannot be paid until then.
Problems ... |
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 Asking a landlord to pay for a hotel room unreasonable? |
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 If I was on a signed contract for rent but now am month to month do I need to provide any notice before I move? |
| I am looking into moving possibly at the end of the month and haven't informed my landlord yet and was wondering I needed to provide like a 30 day notice before hand or if I just moved out and ... |
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 "Blackmail" Offer on our home, did we make the right decision? |
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 Fish tanks in a rented property? |
| Myself and my girlfriend are currently viewing propertys in the UK to move in to. They all say NO PETS but does this count for fish tanks?... |
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 Usually how many days of grace a landlord give to a tenant, and what usually is the fee for late payments ? |
and penalties for bleach of contract, like make holes in the walls, make the yeard plants die shotong down the sprinlers system... Las Vegas, NV
Additional Details
I am teh ... |
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 House too big? |
| My husband and I are considering moving in to a 15,000 sq ft home which we already own. (it's a long story...but in the long run it will save us money) Anyone w/ any experience? I'm worried ... |
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 I live in Geogria and i want to buy a house in Texas .Do i need a realtor in ga. or in texas? |
Also my sister will be staying in that house renting it from me.
Additional Details
In Brownsville Tx. In Cameron ... |
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 How do I evict someone that's not on lease? HELP!911? |
| This will sound bad but it has to be done. My mother has been staying with my children and I since December. She does not contribute (i am single mom) Long story short, besides calling my kids ... |
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| If a house was worth £250,000 last year how much will it be worth in 2 years times..... |
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| at the bottom of my garden there is a piece of land that i have maintained for over 8 years i have put a shed on the land & looked after fencing ect... iam a council tennant & recently a new ... |
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 What are some pro's and cons of buying a house that was built in the mid 1800's...? |
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 Question about eviction? |
| Ok my friend as we will call her needed a place to stay so me being the nice person that I am had agreed to let her stay with my husband and I.Well she was awful to live with.She isn't on the ... |
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 How much are closing costs if I pay cash for a home? |
| I am buying my first home and am going to use money from investments instead so no need for a mortgage. If their is no lender involved how much would the closing costs be on a 285k home?... |
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 Can i back out of the deal or ask for a better price? |
| I signed a contract with a builder for a new house, this house was a standing inventory with some upgrades already in the house, the price was 300's they paid closing cost and gave me FHA with a ... |
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 When making an offer on a home? |
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 Proof of income I don't work...? |
Okay I want to move into a new apartment, they said I need proof of income. what is it and how do I get it? this is my first time on my own I DON'T WORK!
Additional Details
but I ... |
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 Who will give me 90 000 dollars? |
i urgently need the money to buy a new truck, do refurbishments around the house,can anyone lend me
Additional Details
its gone up to 100 000 now ... |
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 I would like to list my condo on MLS for a flat fee but I do not want to pay a broker's commission.? |
| Can anyone recommend a flat fee MLS listing service that does not charge a commission? I realize that I will have to pay a commission to a buyer's agent, but I don't want to pay a ... |
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Yovany | What would happen with my house if I stop paying the second mortgage which I can't afford? |
I can only afford to pay my first mortgage and I can't refinance the loan because of the decreased home value and bad credit. |
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Mark J
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if the loan is secured on the property, then if you fail to make payments on any part of it the lender(s) can foreclose the loan and seize the property. in any event you will be liable for the any difference between the loan value, what you have paid, and what the proceedds from the sale of the property. |
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loanmasterone
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Failure on your part to pay the monthly mortgage payments on your second mortgage will result on the second mortgage foreclosing on you.
Depending on what foreclosure procedure the second mortgage holder use on you will determine if they will seek a deficiency judgment on you or not.
If the mortgage holder use the judicial foreclosure procedure then they could sue for a deficiency judgment. Under this procedure you would also be entitled to a redemption period ranging from 30 days to 3 years depending on the state laws in which you reside. Most lenders do not use this procedure.
If the mortgage holder use the non-judicial foreclosure procedure, then they normally would not go for a deficiency judgment, nor would you have a redemption period. Once the property is sold at the foreclosure auction then you will be required to leave the house by the new owner or your lender if the house fail to sell at the foreclosure auction.
You might check with your lender to see if they are able to work something out. You might request that they extend the amortization period thus reducing the monthly mortgage payments.
You might ask if they can make your second mortgage into a silent second mortgage for the next few years. This would eliminate you from making a monthly mortgage payment for a few years. Then you will be required to pay if off or start making the monthly payments once again.
The key point I am trying to make is that you should call your mortgage holder and see if there is a possibility that you can work something out with them.
They would rather do this as they do not want your house.
I hope this has been of some use to you, good luck.
"FIGHT ON" |
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astralpen
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They are both mortgages, meaning that they are collateralized by your home. |
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Doctor Deth
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why did you get the second mortgage in the first place? didn;t you do a 5 year future budget projection? |
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goz1111
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Might want to consult an expert before making any decision, but a major factor in the second lien holder following through on the foreclosure lies in the value of the first loan compared to your current home value, if the current value of the home does not even cover the first loan value the second lien holder may just sit and wait until housing prices increase before moving ahead
Since in order for the second lien holder to acquire title to the land the first loan must be paid, now if you homes equity will not even cover the fist loan, the second lien holder is in a tough spot |
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Sweetharttt
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If you didn't pay your second mortgage, that company would forclose on it and you would be evicted. |
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wizjp
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Same foreclosure that occurs if you don't pay the first. Only thing is that it will be subject to releasing the first mortgage. |
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John M
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the company that owns the second mortgage will foreclose, but will have to pay off the first mortgage with the proceeds before it can recover any money for itself. |
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Susi C
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The second mortgage holder has just as much right to begin foreclose proceedings as the first. After all, he gave you CASH in good faith.
Even if he does not recover his investment, he may do it just for the hell of it if he sees that you are not willing to repay the loan. All HIS expenses including attorneys and filing fees are tax deductible.
Better call them up to see what can be worked out. |
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Jennifer W
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You need to contact your lender...you could lose your house. |
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