 My boyfriend is selling our home do I have any rights? |
| We live in the UK, my boyfriend has decided he wants to sell the flat we live in, my name is not on the deeds, do I have any rights?... |
|
 Are there nonprofits that will accept donation of a house? |
| I own an elderly family members house and want to donate it to a nonprofit. There is some equity, but there is also a mortgage. Are there any nonprofit organizations that will accept donation of a ... |
|
 Should the Feds really be bailing out all of the people going into foreclosure? |
| I work in mortgage, and I have a few issues with this. One, ultimately that customer signs on the dotted line... and if you have ever seen loan docs it is spelled out as CLEAR AS DAY what these ... |
|
 Would rent be considered late if I mail check on the 3rd and the receive on 6th, if my due date is 5th? |
| I will be mailing the check on this Friday the 3rd, and the receiver has a PO Box in the same post office i will be mailing from, so they should receive it on saturday the 4th. But lets say something ... |
|
 Buying and selling a house - is there a correct order to do things? |
| Hi - my hubby and I are looking to move. We own our own place, but this is the first time we've sold AND bought at the same time. Is there a correct order to do things in? For example. We'... |
|
| How can I find the non-mormon (non-LDS) areas in Salt Lake City? |
| We're new house hunters in the area and don't really want to live in the center of an LDS ward.... |
|
 If i pay extra for my mortgage payment, will that extra go to my principle? |
30 years, fixed mortgage rate.
For say, i suppose to make $1300 for my mortgage payment (interest + principle). If I make extra payment (for say, $1500 per month), will that extra $200 ... |
|
 Which is good to get a real estate agent or just buy a house directly to the developer? |
| I'm a first time buyer shopping for a house. Someone told me that getting an agent would give you a high price on your house because they will allot comission to the agent.... |
|
 Would you ask your landlord first? |
If you were going to get a small caged pet... such as hamsters or mice would you ask your landlord if it was okay first??
Additional Details
The apartments I live in allow cats.... |
|
 Can anyone tell me if theres a way i can move house when i dont have much money? |
| im currently living in a council house, with my mum. We have 3 cats so renting privately is awkward. Both my mother and i are on low income, part time jobs (all we can get at moment!). We'd ... |
|
 Any Advice On Writing A Formal Letter Of Complaint? |
| Do you have any advice on writting a formal letter of complaint? Feces has flooded through the common area and the tubs and sinks of my appartment complex 13 or 14 times in the past five months (and ... |
|
 Selling your house for 2% commision, can some explain this to me? |
I've heard theres more to it than that, can someone explain this process to me? thanks
Additional Details
No I meant those companies that advertise "Forgot 6% commision, we ... |
|
 Do you have sympathy for all of the people who own homes that have now/recently entered foreclosure? |
| I sure do.......Ive been active in real estate for 4 years, buying and selling land (not a realtor!), and making a gorgious profits off of it....of course I too have been affected, but I am still ... |
|
 Don't know if i should keep renting at the moment or buy a house? |
| ie buy a house now with a small deposit, or keep renting try and save more and buy a house within next few years with a larger ... |
|
 Why is it, when on a small income u payout ur rent each month but cant get a morgage for the same expence? |
| Im on a small income and it is impossable to buy a property so I can live in my own house. even when I have been paying rent I cannot get a morgage, even at the same expense.... |
|
|  |
THS | Why won't "home owners" that couldn't afford the loan in first place take resposibility for themselves? |
instead of blaming it all on the system or mortgage lenders? |
 |
 
100% Organic Snark™
 |
Because a lot of people prefer to blame others when they do stupid crap. When they fall for deals that were obviously too good to be true, they can't believe they were the stupid ones for NOT thinking things through.
It's the same when someone gets arrested for drunk driving, and then blames the bar that sold them those 16 beers or 20 jello shots.
I read about one of those people the other day == she was a MANICURIST making less than 30,000 a year and she got a 250,000 dollar ARM mortgage for a townhome. When the rate reset caused her payment to swell to more than what she made in a month, she whined that the mortgage lender was being cruel and uncaring. I thought "you're a dumbass for not considering what A.R.M. means". |
|
Elsa D
|
They are privileged and special. |
|
scalloper
 |
People don't read what they sign. What is good today might not be so in the future. They took out all these funky loans thinking they would last forever...they don't and now they have to pay for their ignorance. |
|
Gef J
 |
What and take responsibility for their own actions?!?!?
What kind of madness is that.
We must have the right to litigate to protect ourselves from ourselves. |
|
estielmo
 |
They thought the housing values would keep climbing quickly.
They thought their paychecks would keep rising.
They thought the economy would remain stable.
They believed it when they were told the rate would only adjust "a ittle," at most.
They got greedy, thinking they would be house-rich in ten years.
They believed real estate was a sure thing instead of the gamble all investments really are.
And finally, they are used to the government bailing out the banks, investment firms, and car companies so they want their share. |
|
Big daddy
|
My stance is a mismosh of all the previous answers. Are borrower's partly to blame, absolutely. One poster said that borrower's don't read paperwork. This is so 100% dead on. When you make a purchase such as a home, it is your responsiblity to know exactly what your getting into. Are we as a society that lazy and needy that we must have everything done for us now? the borrowers sign the paperwork, they are responsible for knowing what they are signing, if you don't do your research and fact finding, who's really to blame here. Now loan officers and brokers, they didn't help matters, it is their job to inform a borrower of the details and the pros and the CONS of mortgage products. There's a saying, what comes up, must come down. Were we all in fantasy land thinking property values would increase 10% for the rest of our lives, didn't we learn anything from the tech bubble burst.....apparently not. There were too many products for brokers to sell, and guess what, shame on the mortgage professionals for not taking the time to understand the borrower's need and dreams and finding a program that fits those dreams. See, my issue is arms have a niche, but they're not for everyone, it's great that you save a borrower $300 a month, but they never told the borrower the downside, and that's the problem I have. Now, to me, the lenders deserve more blame here, because at the end of the day, they are the entity that underwrote and APPROVED these mortgages. No doc loans! Are you serious, your going to give 300k to someone and not verify income??? The borrower's and broker's were only satisfying the lenders conditions! That's all. Like the one poster said, the bank saw an opportunity to make money, they made a boatload, and they are now paying for it. I'm not even going into the investors. I hear borrower's stating that they don't like giving out information, my response to this is do you want your home or would you like to foreclose like so many others. I'm estatic that the underwriting has tightened, it should have years ago, lenders shouldn't be making exceptions on 200k helocs with 95% ltv, it's a recipe for disaster. All I can hope is that everyone learns a great lesson from this and becomes better educated. especially borrower's, it's your money, you should know where it's going, how it's being used and used to your benefit |
|
sianspheric
|
i am with u, it is a growing trend in this country lack of personal responsibility. That is what obama is fighting for, let the government take care of it for u.
this country needs to wake up, and stop rewarding people for poor decisions and let them suffer the consequences. |
|
Bob F
|
I agree with you.
The media and politicians tell these people what they want to hear: that they were taken advantage of and deserve to maintain their piece of the "American Dream".
This, despite the fact that many people put little or nothing down, bought at or near the top based on momentum and having done no research, didn't read their documentation, lied on their applications, etc...
But it takes a big person to admit mistakes and take full responsibility. Many people will not do that, and will instead point fingers, whine, and look for anybody to sue. |
|
Bob H
 |
The lenders ran a game (what a shock) and it backfired. They should all go to jail for fraud. These mortgages are hidden so deep inside other instruments, that nobody knows what they're buying or where it is. Usually the instruments they're hidden in, require no insurance to protect investors, so those that lose have no recourse. Except, of course for the bank, who get bailed out, as in any good socialist system. If this country operated as a capitalist system, these thieves would have been found out and jailed years ago. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 10 minutes(s) ago
| | | |
9 | 18 minutes(s) ago
| | | |
9 | 47 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 5 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 10 hour(s) ago
| | | |
7 | 11 hour(s) ago
| | | |
9 | 2 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
