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 The mgmt of my apt entered illegally without 24 hour notice and woke me up. naked. what can i do???
oregon law requires landlords to give 24 hours notice before entering an apt or they owe one months rent/ my neighbors also did not get notices
Additional Details
http://www.oregoncat....


 I purchased a home & the seller did not disclose flood damage that occurred before I moved in. What can I do?
I recently learned from the neighbors that days before I moved in that a fire/smoke restoration team was brought in to clean up water damage. This information was not disclosed at closing. What are ...


 Is there anything I can do about my landlord?
My landlord is connected to my apartment (there are 3 unit they are one of them) and when I first started renting they had 2 dogs, in the 3yrs. I've been there they got 3 more. they share a ...


 Is this the best time to buy a house?
with the housing crisis and the economy crisis,some people have told me that i should wait on buying a house....any ideas

Lorenzo
http://welcometoinsuranc...


 I will be buying my first house this spring... ANY ADVICE?
Hello, and thank you for checking out my question.

I will be buying a house soon and would like to hear any helpful advice you may have to offer. Your answer can relate to any aspect of ...


 If you see a "For sale" sign for a house...?
can you then just grab one of their flyers, call the agent and schedule a viewing (without having an agent myself)?...


 Baby on the way, housing?
we are currently living in a one bedroom flat with our 3 year old daughter, we have another baby on the way which is not due until the end of july. does anybody know when we can apply for a bigger ...


 Rent apartment or mortage payment>?
you will never own a apartment, but you own you home one with equity input.like this example your apartment are $1200 month, and you find out that you payment that you was making on apartment will be ...


 At 18 years old, can you rent a decent car?
AT 18 years old, can you rent a decent car?
Additional Details
Thanks, although me planning on attending MSU... freshmens can not own a car so why buy a car just for the summer?...


 Can our mortgage company require us to go with their insurance company?
We are in the process of trying to refinance with a new mortgage company. We currently have homeowner's insurance through Farm Bureau Insurance, as well as boat, automobile, and life insurance. T...


 What options do I have if I cant afford my mortgage and the house just isnt selling?
We bought a house last August and have been trying to sell it since December. No-one seems interested (the house is a little unusual). We cant afford the mortgage (which is one of the reasons we are ...


 For loan advice. Is fix or adjust. rate better for me?
My loan penalty will be over in Feb.2008, from fix at 10% for $5292 a month, after that it will be adjustiable rate. I can't refinance for lower rate because of self employed and low credit ...


 What would you change about this house?
Okay please take the time to look at this:
http://www.visualtour.co

It's my aunts house and she's trying to sell it and can't ...


 Should people who bought homes they couldn't afford be "bailed out"?
Does anyone really think it is a good idea to give these people a break. When I sign a contract I am sure that I understand it fully. If I don't understand it I hire a lawyer to translate it for ...


 How much do you need for a downpayment?
on a house or condo?...


 Would you live in a double wide trailer vs. a 4 bd home if the 2001 double wide and land was paid in full?
...


 What is a "reasonable" amount for a RENT INCREASE?
I am a landlord and have good tenants. with the unbelievable climb in the price of gas , my expenses have skyrocketed this year and i have no choice but to impose a big rent increase on my tenants. M...


 Should we buy a house with my mother?
We are in our thirties with one child, and are thinking about buying a home with my mother who would have her own "suite" with a bedroom, bath, private entrance and living room. With her ...


 On a scale of 1 to 10 (10 being the most), how much do you hate moving? And why?
AHHHH, my back! Where is that Aleve at?...


 What do you guys think about lease-to own...?
House?
Is it worth it? i am thinking about it....what should i watch out for?
and where can i go to find this kind of program? fannie mae, 21 century real estate??
Additional Details



edward m
When dealing with a home, can someone please explain the word EQUITY to me in laymans terms?
                     
 




Ralfcoder
Rating
Equity is the part that YOU own.

Here's an example: You live in a house that is worth $100,000. Your mortgage balance is currently $65,000. That means your equity is $35,000.

Sweat equity means the value of the work you put into the house that increases the value of the house. If you buy bushes and other landscaping for $1000, and do the work to install them yourself, and that increases the house's value to $105,000, you've added $4000 of sweat equity.


CHARLES R
Equity is the amount of the house that you actually own, versus what the bank owns.

So If I bought a $200,000 house, putting down $30,000, I'd have 15% equity or $30,000 equity.

Or another way of thinking of it as a formula is:
Equity = Value of the House - All Debt on the House (ie Mortgage)


Traverse City Agent
Rating
Equity is the difference between what the home is estimated to be worth, and what's owed on the house.

The important thing to remember is that the estimated amount of worth is just that, an estimate. You may not be able to sell for that.


jonmm
Equity is the value of the amount of the home that you yourself own, to put it simply.
For example, if you own a house that is valued at $300,000, but you have a mortgage with a balance of $250,000, then your equity is $50,000.


Wayne Z
Home much a home is worth less what is owed on the house.

For example:

$200,000 House Value
$150,000 1st Mortgage
$ 5,000 2nd Mortgage

The above home would have equity of $45,000 ($200,000 - $150,000 - $5,000 = $45,000)


Kernel Mustard
Rating
Equity is the difference between the value of the home and the amount you owe. If the home is worth $100,000 and you owe $25,000 then you have $75,000 equity.


matsonb
What your home sells for MINUS all liens/mortgages/debt against your home. http://www.choicerealestate.net/


acermill
Equity is the simple mathematical difference between what you OWE on the subject property vs its appraised market value. The term is somewhat nebulous, since you cannot determine exact value of equity unless you SELL the property, at which time you will know precisely what your equity was. In the interim, it's an educated guess of equity value.


Butternut27
equity means that whatever is the difference between what you paid for the house and what your house is worth now...only thing is its...only money on paper until the house is sold...


eatmoreangus
Equity is what you have paid on the principle of your home, not the interest.


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