 How do you close on a for sale by owner home? |
| We have our house up for sale ourselves and someone just made an offer. They're getting a FHA loan and said that we would probably need to pay closing costs, but I can't get anyone to tell ... |
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 Would someone making $80 000 a year be able to afford an apartment for $3985 rent?? |
| Would someone making $80 000 a year be able to afford an apartment for $3985 rent?? My sister has just started a job making that much, would she be able to afford that??... |
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 So with the current housing market we have found our house has dropped in value by A LOT of money...? |
In one year our house has depreciated in value by 80k or there abouts...
Is there like any way to recoup some of this loss?
Will the value eventually climb to what it once was before this ... |
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 Should i have the deeds to my house if its morgaged?....i have. can i do anything good with them? |
| was given them by my solicitors when i sold and bought, i still have a morgage on my property. ive asked around a bit and been told i should not have them. can i make any money out of this? or will i ... |
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 I have a home loan in my name but i want it just in my boyfriends name is there a way i can do this? |
| im looking to buy another home in a different city and i dont think that i will be able to get another loan so i was wondering if i could take my name off the loan and jjust put his name on it , he ... |
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 What do we do as potential buyers at an open house? |
| My husband and I are in the early home-buying stages and are planning to go to a few open houses this weekend. This is the first time either of us have sought a house to purchase, and we're ... |
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 How long before a house goes in forcloser? |
I AM RENTING A HOUSE FROM A FAMILY MEMBER
I JUST FOUND OUT HE HASN'T PAID HIS MORTGAGE IN A FEW MONTHS.NOW HE IS TRYING TO SALE IT "QUICKLY
BEFORE THE BANK FORCLOSES.WHERE DOES TH... |
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 I am trying to buy a single family home but have bad credit and no down payment? |
| My wife and I have bad credit we both work full time jobs but dont have money for a down payment.My husband makes $16.00 hr and I make $9.00 hr we also receive 574.00 in SSI for our son. but because ... |
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 I offered $80,000 for an $89,000.00 house and they...? |
| counter offered $82,500 and said as is. What does as is mean? And should I suggest they help pay closing cost or just take the offer?... |
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 Our home was sold at sheriff sale, the bank now owns our home.? |
| Can filing bankrupsy help to get our home back at this point?... |
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 Im paying the morgage on a house in my aunt s name,how do i get the title, and assume the morgage in my name? |
| the house is to be turned over when my imig. status was legal, it now is, so id like to know how to go about getting it ... |
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 What happens to a mortgage when a property is sold for back taxes? |
Additional Details
We are looking at property that is going to be sold at a county tax auction. Just wanted to make sure that we are not bidding on someone else's mortgage.... |
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 The contract with my realtor is almost up and she hasn't sold my house.? |
| Can I legally decide to list the house myself, lower the price (because I now don't have to pay her a commission) and sell it myself? She has told me several times that she believes it is worth ... |
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 Should this person rent or buy a house? |
| Single, young, Hispanic male, just graduated from college, and just got a job as a biomedical technician earning about $41,000 per/year. He is going to move out of his parent's house and is ... |
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 What was the excuses your tenants used to not pay the rent? |
| 1. My husband changed jobs. 2. My husbands job wont pay him. 3. My husband just started a new job. 4. I havent got paid yet. 4. My grandmother is sick. 5. My grandmother passed away. 6. I ... |
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 Do I have to give out my SSN for a rental in North Carolina? |
| ok... So in January I'm supposed to be moving from utah to NC and get married and move into this house with my Marine BF. Well he is taking care of the rental, and says that the law in NC is ... |
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 Asking price vs. Offer price? |
| How can a seller justify price their home $3000 more than the comprable home on sale nearby and the comprable has more bedrooms. If a home is worth the asking price, what is the standard price to ... |
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beano | Will the goverment pay my mortage if i'm made unemployd? |
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Lestat
 |
depends and the rules are really complex
If you are of working age and took out your mortgage prior to 1992 you would have to wait 39 weeks before receiving any real help. If after 1992 you will wait a year. They then only pay the interest. |
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CLIVE H
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Simple answer is NO. These next links should help. . . .
Note: If you do not already have mortgage protection insurance, buy some now...cover yourself.
What can I do about my mortgage if I become unemployed? | Money ...What can I do about my mortgage if I become unemployed? guardian.co.uk,; Friday February 7, 2003. Q I am worried that I could be made redundant within the ...
http://www.guardian.co.uk/money/2003/feb/07/asktheexpertsdebt.debt
Myeloma UK You cannot usually get Income Support if you work more than 16 hours a week (or ... If you do not have mortgage payment protection insurance and are having ...
http://www.myelomaonline.org.uk/NetCommunity/Page.aspx?&pid=442&srcid=452
° ° ° RedundancyProtection.co.uk ° ° ° Find Out More ° ° °If you become unemployed or unable to work because of sickness or an accident ... You can still get mortgage or rent protection Read the policy carefully to ...
http://www.redundancyprotection.co.uk/facts.htm
ALWAYS READ THE SMALL PRINT
DON'T SIGN ANYTHING UNTIL YOUR LAWYER HAS READ AND APPROVED IT FIRST. |
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dunrobin46
 |
No.
In certain circumstances they may pay some of the interest. |
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Jon H
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usually no, i've heard that they may pay the interest only in the UK |
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God's Gift
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uk only
the guy who spoke about Income support for Mortgage Interest is right
..
it also depends on the nature of you becoming unemployed..plus what levels of protection u have in place.
CAB will look at possible state benefits u may be enetitled to
but as for paying your mortgage off...its a No...
whatever benefits u will or could get will no doubt be insufficient to cover your mortgage all the way through...
if u fall into arrears n think u may not be able to get out of that hole....contact the lender directly ASAP...to look at possible solutions...but also find yourself a JOB asap...whatever is may be |
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src50
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In the U.S., definitely not. |
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fixitpixie1387
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I'm not 100% sure, but I believe if you have been keeping up on your mortgage repayments before you're unemployment then they will help. Your best bet is to check with your local council. |
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jester
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No, they'll help you with your rent, but not your mortgage.......it's times like these that we wish we hadn't swallowed the conservatives spin that we are ALL wealthy and therefore should all BUY property (and vote Tory) isn't it.
Fact is your mortgage is YOUR responsibility, you are the one that will benefit from it (by paying £1,000,000.00 for a £150,000 house, that ends up worth £300,000). If you are NOT financially independent enough to be able to afford a mortgage, you should sell and rent.
Benefit will then pay your housing costs!
I am playing devil's advocate here to show that the contrary to popular belief, the benefit system is there to help the very worst off, all the rest of us have to help ourselves. My advice, get another job quick or sell your house!
Oh yeah, and forget the mortgage protection insurance scam too, never worth the premiums for what they pay out.....if they pay out at all; you'll be better saving as much money as you can to tide you over! |
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DAVID M
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UK answer only.
As a rule help with mortgage costs is linked to Income based Job Seekers Allowance. The rules about what you get and when are very complex, with a number of twists and turns
As a basic rule they will only pay interest costs for the first £100,000 of a mortgage taken out for house purchase and certain essential home improvements.
Assuming you are working age then generally you will get no help for the first 39 weeks of the claim.
A very limited number of groups can get help sooner or immediately.
It is important that you get advice on this point from a local CAB. Please take in details of the family income plus details of your mortgage. They will be able to ask a numer of questions that can give you a more definitive answer |
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Paul C
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Not any more - they used to in the old days but its up to each homeowner to pay I'm afraid. |
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George S
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I would review the website under sources below for some great help. If you can claim unemployment, I would use that money to pay your mortgage. |
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