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 Is an interest only loan dangerous in this housing market?
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 Is the mortgage industry a good industry to be in right now?
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 When selling a house through a Realtor, how long is the contract for?
Ive had by house up for sale by owner with no bites. Im thinking about putting it through a realtor but was wondering how long it would be up through that realtor?...


 Were can one go to apply for a government grant to buy a home. and if there is some were how long does it take
i need help buying my home i live in have bad credit so i thought that there might be some kind of grant program that can help. it can be some kind of loan i could pay back i dont want it for ...


 What can be be done about an illegal eviction?
I received a phone call tonight from my brother's landlord telling me to come get his belongs or he was going to put them outside. There was no court order, no hearing, no nothing. He went into ...


 Is it legal for a realtor to show an occupied apartment?
This apartment is currently lived in, with the occupants having a one year lease that is not set to end for 11 months. The realtor is showing the apartment despite a sign that asks them not to and ...


 Im moving out of my moms house can some one make me a checklist of thing i need for my new place
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 Is Renter liable for damages?
California:
I was renting to someone who didn't regularly clean the house including the bathrooms and kitchen. One of the bathroom shower faucets began to drip but never told me. As a ...


 How does a mortgage work?
OK, im looking at buying a house and though I have a vague understanding of what a mortgage is, its still pretty confusing. Can someone explain to me how it works, what i am paying, etc...

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 What are the steps in buying a property?
I'd appreciate it if someone broke this down for me. For example, do I need to get a mortgage first, then starting looking for a property? then what? I based in the UK if that helps....


 How do I go about getting a loan to purchase a home?
I have found a home that I want to purchase, nothing new but it has potential, the price is 75,000...what qualifies a peron for a loan to purchase a home???I am 23, My credit is @600 and I have a ...


 Im a 1st time buyer looking for a property in london. Budget is £200,000, where in can i get value 4 money?
Current seeking 2bed house/flat in london, this is a challenge being 1st time buyers but we desperately need to get onto the property ladder. Please can you advise what area within london or ...


 I am selling my house privately, do I need an attorney for the seller disclosure agreement or just closing?
One of the potential buyers has requested a copy of the seller disclosure document, I have downloaded the one for our state, but do I need an attorney for that, or do I just take it to closing with ...


 What exactly is reverse mortgage, will I lose my home?
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 Why renting home so expensive?
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 We were preapproved for a mortgage but at underwriting they keep dening loan because of unique property. why?
we had the appraisal done, we have tried different lendors but because there are not enough comps the property is considered unique. what can we do?...


 I can't get any info from the realtor, what do you think may be wrong with these homes to be so cheap?
I really like the look of these homes, but when I call the realtor they will not answer any questions about the home, they keep suggesting the more expensive newer homes. I don't like the look ...


 Can somebody help me find an apartment!!!!?
My husband and I are looking for an apartment in or around Galena, IL. We have already looked at all the major apartment websites and have had little to no luck. I was wondering if anybody knows ...


 First time home buyers: discounts, no down payment???
my husband and i are thinking about buying a home for the first time. we have heard that first time home buyers can receive discounts. we also heard that we can have an easier time getting a loan and ...


 Is it worth it to work just to make your morgage payments?
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Ms. Parker
When you buy a house are you also buying the land?
                     
 




lenderjayne
It all depends. If the property is considered fee simple, then you own the land. But you have to check the title report to see what rights and encroachments are allowed.

Some land are leasehold. This is common in indian areas, railroads, etc. The banks make sure their is sufficient time left on the leasehold before they will lend on the house.

Condos and Townhomes are typically just the airspace of the unit. The land is common area that is shared amongst the tenants.

So check your preliminary title report for how the land is held.

I hope this helps.


Karen
Yes, you not only buy the house but the property it is on as well... in most cases you will know exactly just what is yours and what is not. They usually do a survey of the land before it goes up for sale so you know exactly where your property lines are... it is also on public record for each house and the property it is on.


Justin
Yes. The land itself is the majority of a homes value. When you get your insurance on the home, you'll notice the cost of replacement for the entire home is on average 30% of the total value.


aj485
Usually. There are some places where you would only be buying a leasehold, rather than the land itself. If this is the case, you need to understand the details of the leasehold so that you don't end up living in a house that is on land you can't re-lease.


Judy1
Yes, but you don't necessarily have mineral rights for what might be below the ground.


nelson_devon
Yes (usually), but you aren't buying the mineral rights (usually).


JCBahr
Rating
Actually the land is the primary thing you are buying the home is considered an improvement in most states. Both the value of the home and property will be on a property tax bill unless there is some kind of easement.


*****
Rating
yes


crazyem
Rating
Yes you are buying the house and the lot that it is on


C C
Most of the time but some place like Hawaii you don't buy the land it is a leasehold so make sure you read your contract carefully to make sure the land is included.


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