 I have a very bad credit and need to buy a house? |
| My father is paying for this home, He is the only one in the mortgage.....Can he add me to This Contract and then in a few months after paying on time every month, just remove his name from the ... |
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 Advice for person moving out? |
| i am 23 years old with a son who is 5 and i regretfully say this but i live with my annoying nagging mother who i have always lived with. i also go to college full time. i have never moved out and ... |
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 My parents want to sign over their home to my brother and I. What do we need to do and will there be problems |
| Parents are both 65, the home is paid for, they will continue to pay the property taxes and insurance. They want to do this in case they are put in a nursing home.... |
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 Is 1200 to much to pay for rent? |
| for a two bedroom apartment in your area?... |
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 Is it legal for a landlord to do this? |
| My lease expires Dec 31, 2008. At previous expirations, three months before hand my landlord would ask me to let them know if I intended to renew or not, but I did not have sign my new lease before ... |
|
 Question for Home Buyers and Sellers? |
Buyers, if you are buying a home, do you prefer to see picture nails/hooks on the wall, or is it better to take 'em out and leave just a nail hole?
Sellers, which way are you going ... |
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 I want to sell my home, who is a reputable realty companie to go through? |
| I dont want to spend too much on commision and closing cost, can anyone recomend a company? What should I look for and avoid?... |
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 My Realtor caused me not to get a house. its avail now because other buyers loan failed. Must I use him now? |
| My Realtor dropped the ball and did not submit material to the sellers agent in reasonable time so the sellers chose another strong buyer interested in the same house. Luckily the other buyers loan ... |
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 If i live in an apartment can mantinence unlock my door and walk in if I dont answer the door or am not home? |
| Just wondering if theyre actually allowed to do that. We called the other day to have our dishwasher fixed and they said they'd sned someone (didn't give us a time or anything) so today my ... |
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 I am sick and tired of hearing people down people who are in a foreclosure situation!? |
| Me and my husband are stable, we already owned a home and bought a second home. We had a 5.99% for two years and anticipated on refinancing after the two years at a fixed rate. However, the housing ... |
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 Roommates been gone for a few weeks, can i still make her pay her part in bills? |
| my roommate hasn't been staying in our apartment since the third week in june. we just got some bills in for utilites and gas. can i still make her pay half even though she's been gone ... |
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 If a realtor came to your door and gave you a plastic business card, would you keep it? |
| it would be clear or frosted. It would have the realtor's pic and info on it. Would you keep it OR still throw it away.... |
|
 How much do you have to earn to rent a property for £850 a month? |
| I've found a great flat to rent for £850 a month. I was just wondering how much our income would have to be for them to accept our application on it? (I'm going to rent it with my ... |
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 Do I need to be employed to qualify to rent a apartment.? |
| I do have money in the bank which I am living off but I do need to move out of my dad's estate and find a place to live and eventually get a job but in the mean time I was wondering if ... |
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 My roommate had her boyfriend move in after i had signed the lease with her. Is there a way to get out of it? |
| Well My best friend of 12 years and I moved into a apartment. I was informed it was just going to be us living there. Well a month after we moved in her boyfriend moved in. He has been living here ... |
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 Is there a form that I need to fill out to give my landlord my 30 day notice? |
| Live in Texas. Renting a house. Lease has expired. Need to move out. Landlord requires 30 day notice. I would like to provide something to her in writing giving her my 30 day notice. Is there a ... |
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|  |
ec | Who wins with all of the foreclosures and delinquencies? |
|
 |
 
wizjp
 |
Usually the lender. They collected the fees, get the equity back and get the house back on the market. |
|
imbrue002
 |
the investor who swoops in and buys it at fire-sale price |
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rufusuloser
|
The person buying the house in foreclosure. |
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Joel r
 |
Don't miss out on what many people are doing to save up to 80% off your new home. Many listings available in this area! Now is the time to buy!
www.govntforeclosures.blogspot.com/ |
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MLaw
|
Lenders don't win because foreclosures net them less than they would have made had loans been satisfied. (Even if they've discounted loans the loan buyers who've taken a beating can't come back for more).
Future buyers win because home prices fall. |
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sortaclarksville
|
No one. It floods the market with existing homes, therefore building slows down, the economy slows down, and it trickles from there. |
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dslandau
|
buyers of foreclosed properties. |
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john_carlton04
|
guys who specialize in buying distressed properties. banks aren't in the market of holding real estate since it just costs them money (in terms of utility bills, upkeep of the property, real estate taxes, trying to sell it). |
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Ari
|
In the current market--no one wins.
Believe it or not, most banks aren't out to foreclose on your property. They actually lose a LOT of money in foreclosure. Between the home selling for much less than the amount they financed (if it sells at all), the court fees, the real estate agent or auctioneer, etc. In addition, the more foreclosures a bank has, the less likely their investors are to buy their mortgage portfolios--which means the entire lending system starts to break down.
Obviously the home owner doesn't win. And with houses sitting on the market for so long, even the Flippers don't make much. Actually...the only person who wins is someone who buys the house to actually live in it, not flip it. |
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Free-As-A-Bird
|
How is it bank can be winning if you stop paying the mortgage?
Banks are losing BIG TIME
Imagine for a second:
You financed 90% of the purchase price, and 6 months later fall behind with payments.
Banks hires an attorney ($3,000), plus lose money every month on non-performing mortgage (6 months X monthly payments), and then at the auction is forced to take the house back cause no one will want to pay 90% of Market Value with 10% due on the day of the auction and the rest within 30 days.
After the house is owned by the bank, they try to sell it with the Realtor. It's 6% commission, several month on the market and then at the end the house will be sold at the discount cause there'll be something wrong with it since people who didn't pay the mortgage also probably didn't care for the property and now it needs some work.
So tell me, my friend, how is it bank wins when you breach the contract and stop paying the mortgage? |
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Craig D
 |
Nobody really wins. The people are out a house and now have lost alot of $. The banks our out their loan payments and are stuck with a house that is not worth what they have invested in it.
THe only real winners are the loan sharks that sold these crappy high interest loans to people who couldn't afford it. Because they collected their commissions long before the owners went under.
Other winners would be the investors who have the capital to come in and buy these properties well below market and turn around and sell them for a quick buck. Some of these investors a descent people making an honest buck and others would just assume sale the property back to another unsuspecting person who will lose it again in a few years. |
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Pengy
|
Actually no one. The banks lose because instead of a return on they're investment the are saddled with homes that might not be worth what is owed, having to pay the taxes and insure that they are kept up, while trying to sell. The person who lost the home loses not only their home but their credit rating. The economy loses because of the glut of homes, and the now inability of persons to buy them. |
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Sullivan T
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huh? dont get u .... |
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Jason J
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The banks. The resell and eventually get their money. |
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nita5267
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The lender. They get all the money, and when someones late, they foreclose and sell it all over again. |
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