I was appointed administrater for 120 days. Will the mortgage stay in her name and I continue to pay it (from rent). or will the mortgage company force me to re-finance it. I would not qualify for a mortgage–Also I currently own my home also in Florida. I could not take on the debt even if I qualified.
i have a 1985 trailor and 21/2 acres with tenants in it that have lived and paid rent for 2 years now. They were soposed to be cash buyers and gave me 7000 down and owned a bussiness so i let them move in and here it is 2 years later and I still own the property. they are paying rent in the amount of the mortgage payment so at least i dont have to pay the mortgage but come on i want this place out of my name. they donot have the best credit and have tried LOTS of companies but nobody will finance this old trailor after the hurricanes (its in deland Florida) anyone have any suggestions on what i can do?
Dec 222011
my father has 3 property’s and some finance Company is suggesting to not pay the mortgage payment 1 of the property’s and to give the other 2 to my self and my mother and to hide all his money in other words remove it from the Bank and secure it in a safety deposit box but we don’t know if this is a good idea can there be big problems with this or not please help we do not what to do anything illegal any ideas or suggestions and recommendations would be deeply appreciated
2 of the propertys are rented and they pay the mortgage with the rent money the one in question dosnot generate that much money to pay the morgage and my father pays the rest from his savings
I currently own a home. I owe approximately $ 228,000 and the homes value in today’s current market is probably around $ 260,000 although the appraisal and assessment are closer to $ 270,000. My mortgage payment is $ 1850 per month and I collect $ 1600 per month in rent. My renter has always paid on time, usually early so I have no late payments or anything. I would like to buy a new home to act as my primary home since we are currently renting. Before I contact a banker I would like to know how this rental property will impact me securing a new home loan? Do they just count the $ 250 my rent is short of covering the home as debt? I have also heard they will only consider 75% of what I bring in rent and the remainder may be considered as debt? Does anyone have any input on how this will affect me? Thanks.
We’re in a rent-to-own right now and have the option to buy later this year, but it seems difficult to find a place that will finance a used mobile, even though it’s on its own 1-acre parcel. Has anyone dealt with a mortgage company or broker and had a good experience with this?
my hubby and i make around 95,000 a year and we only have a car payment and a payment on land that we bought last year. we are working hard to pay off all our debts, we sold our last house a year ago march and have been renting ever since. we have never been late on our rent. would welcome any input, thanks for your time.
philly, so far no go-i work in nyc for 12 years for nys and my brother also now wants to go in on the house-he works for nyc board of ed=dont know his score yet-i rent in philly for a year-think its time to buy but not as easy as i thought i would be-please help
Can the mortgage company force you to put the tenant as a co-owner of the property being that the home was financed as a live-in home and not an investment property?
I should have about $ 100k saved up for the move with another $ 100k in home equity
I want to pay cash for either a condo or house but will settle for a small mortgage
I prefer city living – population of 300,000 +
No or very little snow
I would need to get by on $ 30k a year, keeping mind that I would have no mortgage or rent to pay.
A walkable and dog friendly city would be great
Any help or suggestions would be greatly appreciated.
Dec 052011
I pay $ 925 per month for a big one bedroom. Should I buy a unit which is just down the street for $ 190,000. I live in Jersey City, NJ. The unit that I am renting now is a little bit bigger than the one I would be buying, however, the one I’m buying is on the top floor which I like because it’s quiet, whereas now I am on the 4th out of 5 floors. If i get a mortgage the monthly payments would be about $ 1400 including taxes (1400 per year) and maint is 250/month. What should I do?