 Landlord trying to keep most of my security deposit. What can I do? I didn't take any pictures, regretfully. |
| Most of the deductions were already existing in the home or normal wear and tear. How am I supposed to prove this. Is hiring a lawyer going to cost me more than the $995 refund.... |
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 Does anyone know how to find out what mortgage I would be approved for before we go to bank? |
| My hubby and I both make about 45K before taxes. Our credit scores are about 715. Our current rent is $810. The houses we are looking at are about 95K. I am graduating from nursing school next year, ... |
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 What all do they check for in a rental application? |
| Just credit or do they do background criminal checks also?... |
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 I this property a good investment or at least not STUPID?? |
| There is a lake resort about an hour from my house, where you can buy rv lots and cabins. The price for the 1 bedroom cabin I want is just under 50k. there is also a $75 monthly "resort fee"... |
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 What can we do?!! Help!? |
| My boyfriend and I found an apartment that we really liked and were planning on moving into in 4 days. When we viewed the apartment, there were certain features that we really liked and made the sale ... |
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 I need help with my Real Estate Agent? |
| I'm trying to sell my house and have it listed with a local real estate agent. The problem is that she isn't working very hard (or at all) to sell the house. My question is, how do you ... |
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 Buying a home (unique situation)? |
| My mother passed away in August of 2007. I am administrator of her estate. I am also sole heir. I want the home, however there are two mortgages on the home. I want to pay off the 2nd ($20,000) and ... |
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 Mortgage issue!? |
| I bought my house for £46,000 last year, I now want to get a bigger morgage and take it to £75,000, a joint mortgage with my fiance, we went to the bank and they asked us to call some solicitors ... |
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 I need help! Pre-approved for home...but don't know if its the right time to buy!? |
| I've been approved for a loan of $75k (not very much I know) but was convinced by Agent that I'd be able to find a really nice foreclosure home for that amount...still haven't. I'... |
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 What is the difference between let and rent? |
| I am looking to move and am currently renting but have no clue what lettting is all ... |
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 Realtor / Listing agent submitted a wrong offer!? |
| After placing several offers on a bank owned property we finally received word that our highest and best offer was accepted. The banks listing agent sent us the banks purchase agreement and it had ... |
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 Assuming a home loan? |
| My ex husband and I bought a house together while married, and now that we're divorced and both remarried, I want my name off of the house. He said what he has researched is that the only way ... |
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 I am in my new job for 2 months? am i eligible for home loan? Will bank give me a home loan ? my net is 12k... |
| I am wrking in a public ltd co., net sal is 12 k but i am wrking for only 2 months.. Is there any time period in the present job to get a home loan?? Am i eligible for getting home loan?... |
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 Are there any places in the U.S. where a person could buy a house for less then $50,000 that isn't isolated- |
| what I mean is that it isn't in a suburb, but has a sense of neighborhood where you can walk out your door and not have to get into a vehicle to get places.... |
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 How to make big deals in real estate ? |
I have seen many people in the real estate business but yet I did not see any real person who can buy a big land....
how should i find such buyers ?
What should I do to find some one who ... |
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 Is a 6% real estate commission with 4% to selling agency plus a $5,000 bonus to selling agent a good plan? |
| My house is super upgraded and in sparkling condition on a large lot with a great view. Only negative is the outside is an older 60's style (fab condition but not the newer "big box" ... |
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cave man | Why are builders building all of these expensive houses people can't afford? |
I live in a typical middle class town, however, for the past few years builders have been building all of these expensive, massive, monster homes that nobody can afford. Despite, the bid price tag, the builders seem to be in cahoots with some mortgage lender who ends up approving a loan for unqualified buyers. In as little as 1-2 years, the property winds up going into foreclosure. This apparently is a nationwide problem seeing foreclosure is now at an all-time high. Why don't builders build homes that people can afford? For the record it only costs builders $150,000 to build a house they charge $300,000 for. |
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gc27858
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Unfortunately there are a lot of crooked business people out there. I think the foreclosure problem is a combination of the mortgage lender, real estate agent and buyer. The builder just builds and puts a price on it. I'm sure there are less expensive houses out there that the buyers should have considered. But unfortunately everyone wants to live like the Beverly Hillbillies. Most people don't have a good plan or idea of expenses involved with a $2500 mortgage. Real Estate agents are great. But if you run into a bad one, they will try to pull their voodoo magic and do 80/20 loans, etc. A good rule of thumb is if you can't afford it with a conventional mortgage or get turned down, give it up and go for something more affordable.
A good rule of thumb for the typical home buyer is 3x your annual salary. That's if you don't have high car payments, credit card debt, children, and already have furniture to put in the house. |
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Kostas C
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Typically high income earning families are more resilient to economic downturns. Since this group of people still spend a considerable amount even when things seem bad, many companies cater to this class.
Homebuilders are no exception. The problem doesn't lay with the homebuilders, it is with the mortgage lenders. They are misleading people into thinking they can afford a home that is truly beyond their means.
The high rate of foreclosures is a blessing in disguise. Eventually in a few years a large number of people will have bought valuable real estate at very low prices. When prices begin to stabilize and rise, this will build a large amount of wealth in the form of home equity.
Many will tap this equity and spend or invest it. This will in turn boost growth rates for GDP and create a bull run in many markets. |
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orntelove
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They know that everyone wants a beautiful house for their family and will try to do what it takes...so they make money off regardless. I live in Orlando and they do the same here! Like million dollar homes in areas that homes use to cost like 90k. Saddest thing here is there are still tiny homes that now have huge taxes..here if you can't afford 300k for a home you live in apt or condo |
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lollipop
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Greed. Supply and demand. The builder gets his money and walks away. People are stupid enough to buy homes they can't afford. If people didn't buy them, builders wouldn't build them. |
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Michael M
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good questionand will vote this for you as it is very confusing |
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jamie5987
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I don't think there is a good answer to your question. Obviously the people who purchase these homes and then lose them share some of the blame - they should know how much they can really afford despite what a mortgage company tells you. I think the mortgage lenders are on crack - my boyfriend and I were approved for a $450,000 mortgage. That's about 4 times our combined annual salaries. Now isn't that ridiculous? We ended up buying a home for around $200k. |
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hottotrot1_usa
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They wouldn't build them if they didn't sell. Why do people buy more house than they can afford? |
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single occupant
 |
Because as a nation we have decided only the wealthy will be served. This will continue until hard working middle class people discover that they are bankrupt. Then they will rebel against the super wealthy,
But at the moment, we worship the super-wealhty. That's why everything is so expensive... not just houses. |
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Beau R
 |
I've seen the same problem. It would seem that building costs are too high, and that the builders seem to feel that people will have to buy at a high price, as they need some place to live. However a lot of builders are going down the tubes due to over speculation. |
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