My friend says that if property (real estate) taxes are not paid the government takes away property, sells it and keeps all the money, regardless of the amount owned. I say that government takes the house and sells it and gives the difference to the owner.
Who is right..?
Thank You.
I plan on retiring in a couple of years and then relocating. I will not be working after I retire. Since most mortgage qualifying information revolves around one’s employment income, is it possible to qualify for a mortgage based only on my savings and payments from Social Security?
My next door neighbor just moved amid a foreclosure. The property line sits close enough that I only have enough room for a one-car driveway. To expand it enough to fit two, I’d need a couple feet from his property. How could I go about purchasing that land? Are banks willing to sell off such small amounts of land (two feet by 150 feet) and does it require city approval? Or, should I wait to deal with the new owner? It seems silly, but that small amount would really help.
I am on the mortgage and the deed. I am willing to sign the house over. Just to relsolve the relationship. How can I do this? He won’t sign anything. And he won’t agree to it. We can sell the property but he won’t help in the prep or the sale. I make very little a year and can not afford the house on my own. I have a young child thankfully not to him. He is not abusive physically but he is emotionally and mentally but I can not prove it.
Help Help. I just want out. I have an excellent credit rating 800 I don’t want to file BK. I am very credit worthy. I just want my daughter and I to be able to move out.
I’m more concerned with the hits on my credit report…
I am looking into purchasing the upper duplex unit of a duplex property. My uncle owns the bottom unit, and I want to purchase the top from my father. I am looking up some information on this idea regarding taxes, contracts, etc. and cannot find the exact name of what I am trying to do. I tried “shared property” and that didn’t work. Any ideas? Thanks!
Hi, I need a camcorder for my sister’s wedding to film every bit of the happiest day of her life for her, but I’m really stuck on which camcorder to buy. Well we would need something that’s better and highest quality and things like that, we thought about Sony, Samsung and Panasonic are they any good especially the HD ones?
I have been pre approved for 280k.I make about 3200 after taxes.I don’t have money to put down.I have 5500 in credit card debt and 558 car payment(that I’m going to refinance).I have a credit score of 628 nothing negative on my credit report.I’m in the military and will be in SD for awhile. I don’t want to rent and let my money go to waste but with the market so high i’m not sure if i should buy.Everyone out here is just out for your money and not your best interest financially.If anyone could give me some good advice i would really appreciate it.
Thanks!
Figure out how much CASH you have for a down payment, then go to the bank and get pre-qualified, so you know exactly how much house you can afford.
I think they are great when you have a commission based job/career. We have a fixed interest only loan, so if things are tight we can pay bare minimum and when they are more relaxed we can more than make up for that loss of principal by paying more…….And every time you pay principal your actual (interest) payment goes down…..So over time, adding lump sums will reduce your payment versus paying a fixed mortgage for forever/or until its paid off.
It is so hard to pick a mortgage lender. They can only give you a range of interest percentages. You don’t know the rate til you commit to them after you have already paid the application fees. What is the best lender in Florida for would-be homeowners?
My wife’s name is on our mortgage, but I have a restraining order against her. I am letting her stay in the house because its convenient. We have two children. Am I responsible for the mortgage while I am not living there? Or will that be calculated during divorce proceedings?
The pipes in our association are rusty and bursting without notice. Sewage backs up into my unit. I submitted receipts for my loss of sheets, towels, and rugs. I asked that the rusted/corroded pipes be replaced six months ago. A piece of pipe was saved and there is only about 2mm space for water to pass through. I made a request this month that my things be replaced, and the pipes to be fixed. The property managment company said the board denied everything and will not replace my pipes until they burst. I could not believe he put this in writing. Is this negligence if they know they are rusted, a health hazzard and are intentionally not going to fix the problem while it is small?
Three months ago my wife and I bought our first house at a 5.5% rate. The mortgage broker who was a family friend moved on to another company. My boss’s husband owns a separate company and can do us a refi at 5.125% which would save us pretty good money. It seems complicated though like our original closing! Would I save time or money by trying to refi through Bank of America (our current lender)? Any suggestions are helpful, thanks!
When buying your first home, with a great credit score, which is better- a lower debt to income ratio (which is already below 38%) or a larger down payment. Not sure if I should keep overpaying bills or start saving more!
