I loaned money to help with a mortgage payment and would like to file a lien to insure I get that money back.How to file a lien against a property?
i need further clarifications:
since you're talking about mortgage payments, is it safe to assume that you're loaning money to pay off mortgage installments on a real estate property and that you want to have a lien on that same real property?
if that is indeed the case then the creditor of the first mortgage in all probability executed a real mortgage upon the property and had that registered/annotated on the title. if thats the case that means he's the preferred creditor.
it is possible to have a 2nd mortgage on the same property so the first mortgage can be paid off, especially when the property in the mean time has escalated in worth and/or the property was mortgaged for less than its true market value.
you can have the owner of the property sign the 2nd mortgage in your favor, but you'd have to bear the burden of paying off the first mortgage.
another option is you can have the owner of the property execute a deed of sale and/or transfer of rights in your favor to guarantee your loan, but considering that there's an existing mortgage on the property already, that's not a very safe option for you, and you'd still end up paying for the first mortgage.
the best option i think is to have your friend issue a check for the amount you loaned to him or have him issue a promissory note or memorandum. if the amount you loaned was substantial, you can have him execute another mortgage in your favor on some other property be it real or personal, and be sure to have that mortgage registered/annotated on the title.How to file a lien against a property?
My suggestion to you is whenever you lend money no matter who it is always get it in writing. It is never a good idea to lend money to relatives because most of the time if the person is not reliable it causes bitter family feuds. I know that you love your children and you want to do all you can to help them but sometimes the best thing to do for them is to allow them to try to work out the situation themselves. How will they ever learn if your son was facing a possible foreclosure that tells me that he is irresponsible and what happens 6 months down the line when he stops making his mortgage payments again. Sometime the best love is tough love.
The first thing is I understand your dilemma, I have been in the same situation with lending money to children.
You indicated you were not in California as your son is. I suggest that if you think it is important enough for you to get your money back is to make a trip to California and take your son to small claims court.
Once you have won at small claims court, you may file a lien against his house. The filing is good for about 7 years or so. The cost for a small claims court filing is not that expensive and the filing of a lien against his property is not expensive either.
You might be able to file another type of lien against the property also, but I would suggest you do it through a title company or secure the services of a California real estate attorney.
I hope this has been of some use to you, good luck.
';FIGHT ON';
Well you have to simply draw up a mortgage and the person you loaned the money to has to sign it and then you have to file it in the county clerks office. If you didnt lend them alot of money then you better just draw up a simple contract and have them sign it saying that they will pay you back. If they dont give you your money back then you can file a judgment against them.
You are in a difficult situation especially if there is no paperwork to backup your claim.
I hope you have expressed to your son that you are lending him money and that you expect and need to be paid back. If not, your son is not expecting to pay you back because he has not done so in the past and is most likely will not do so in the future.
I also doubt that your son would be willing to sign a promissory note if you did not make him sign one in the first place. Without a promissory note, you will have difficulty placing a lien on the property.
Your only other alternative is to go to small claims court and seek payment that way. Even then, without paperwork, it will be your word against his word, unless of course you paid him by check and use your processed check, and your bank statement and his bankstatement as the papertrail.
Your kind act will be paid back when you least expect it and when you need it the most, but I would not expect your son to repay you given his past history of not paying you back.
Love him, let him be, and know not to give him anymore money in the future. Let him be accountable for his own actions and if that means he gets foreclosed upon because of his own irresponsibility, so be it. Some of life's toughest lessons are best learnt by going through the pain unfortunately.
May God and St. Luke be with you when your need arises for financial assistance.
Best Wishes,
Jerry
Friday, August 20, 2010
How to prevent FHA publishing my loan data?
I have been getting literally TONS of mail (snail) from mortgage brokers stating that I qualify for FHA modification. Many of them I have called to be taken off their lists but I continue to get more. The ones that I requested said they got my info from some clearinghouse or data miner.
I want to prevent the FHA from publishing my loan data to anyone so I do not get this junk mail.
I've searched the HUD website and emailed their support people with absolutely no replies or help whatsoever.
Is there any way to do this?How to prevent FHA publishing my loan data?
Call your county assessors office and ask them to block the information on your file. That is most likely where these companies are getting the information. County records are public for anyone to see.How to prevent FHA publishing my loan data?
Report them to the right authorities to have them blocked. That's the only fast way that I can think of for you to get rid of your problem.
Do what I do. I take all the junk mail and I send it back to them in their prepaid envelopes. After a couple of times, they get the picture. I don't get much mail for these bozos anymore.
This is public information and is obtained through Title companies. All title companies have this information.
Nope...this is public domain data due to the lien on your house and anyone can find it by going down to the courthouse or tax assessors office and looking it up.computer protection default myspace
I want to prevent the FHA from publishing my loan data to anyone so I do not get this junk mail.
I've searched the HUD website and emailed their support people with absolutely no replies or help whatsoever.
Is there any way to do this?How to prevent FHA publishing my loan data?
Call your county assessors office and ask them to block the information on your file. That is most likely where these companies are getting the information. County records are public for anyone to see.How to prevent FHA publishing my loan data?
Report them to the right authorities to have them blocked. That's the only fast way that I can think of for you to get rid of your problem.
Do what I do. I take all the junk mail and I send it back to them in their prepaid envelopes. After a couple of times, they get the picture. I don't get much mail for these bozos anymore.
This is public information and is obtained through Title companies. All title companies have this information.
Nope...this is public domain data due to the lien on your house and anyone can find it by going down to the courthouse or tax assessors office and looking it up.
How to run credit check on tenants for landloards?
How to get a credit report for screening potential tenants?
I help different oversea relatives manage several residential rental properties and do this as personal service without operating a management company. I used to pay ($20 - 25) and ask a friend in mortgage company to run credit reports for screening tenant applicants, but she's not in this field any more. How can I get credit reports for potential tenants? I do have their applications with S.S. and authorization to run credit check, but I am not the property owner.
I help different oversea relatives manage several residential rental properties and do this as personal service without operating a management company. I used to pay ($20 - 25) and ask a friend in mortgage company to run credit reports for screening tenant applicants, but she's not in this field any more. How can I get credit reports for potential tenants? I do have their applications with S.S. and authorization to run credit check, but I am not the property owner.
Looking to buy a new house and rent out old house?
How do you go about getting a new mortgage when you are planning on renting out your old house? Does the renter have to be in place before you get the new mortgage? What if the rent does not quite cover the mortgage payment? I am just looking at options, as my husband has accepted a job in a different state. We need to sell our current home, but with the market the way it is, that may be impossible. What if we rent out the old home? I just don't know how this all works...can someone help me?Looking to buy a new house and rent out old house?
If you can't sell your current home, look at the numbers for refinancing it. You may be able to lower your monthly carrying costs to the point where you can break even or make money on it. Call two or three mortgage brokers and discuss your options.
Also, keep in mind that anything you do to get your home ready to rent, as well as to put it back into shape after you rent it out, has tax implications. (Read: deductions.) Talk to your tax adviser.
Depending on what your income will be, and how much of it will go to pay your existing mortgage, you still may be able to purchase a new home. Again, talk to a mortgage broker. Ask them all the questions you mentioned above. And don't feel as though you should know the answers to these questions - very few do.Looking to buy a new house and rent out old house?
First, you have to apply for the new mortgage. When you apply, if you do not have a lease signed for the rental, you cannot use it as income. So you have to be able to afford both payments and have them not exceep 36-45% of your income.
If you do have a lease signed, it has to be for at least 3 years or you cannot use the rent as income either. Income from a source other than payroll has to have a continuance for 3 years.
Renting the other property is a good idea with the market the way it is. But keep in mind that even if a lease is signed, the renter may not pay. Just maker sure that you can actually afford both mortgages or you could be in serious trouble if your renter defaults or if there is a gap between renters.
If you can't sell your current home, look at the numbers for refinancing it. You may be able to lower your monthly carrying costs to the point where you can break even or make money on it. Call two or three mortgage brokers and discuss your options.
Also, keep in mind that anything you do to get your home ready to rent, as well as to put it back into shape after you rent it out, has tax implications. (Read: deductions.) Talk to your tax adviser.
Depending on what your income will be, and how much of it will go to pay your existing mortgage, you still may be able to purchase a new home. Again, talk to a mortgage broker. Ask them all the questions you mentioned above. And don't feel as though you should know the answers to these questions - very few do.Looking to buy a new house and rent out old house?
First, you have to apply for the new mortgage. When you apply, if you do not have a lease signed for the rental, you cannot use it as income. So you have to be able to afford both payments and have them not exceep 36-45% of your income.
If you do have a lease signed, it has to be for at least 3 years or you cannot use the rent as income either. Income from a source other than payroll has to have a continuance for 3 years.
Renting the other property is a good idea with the market the way it is. But keep in mind that even if a lease is signed, the renter may not pay. Just maker sure that you can actually afford both mortgages or you could be in serious trouble if your renter defaults or if there is a gap between renters.
Money saving advice for graduate paying off debts...studying..and saving for mortgage!?
yes i am doing alot! i'm trying to pay off uni debt, also i am doing my masters part time distance learning and i also want to get in a position for 2 years or so time to get a mortgage. Ive been on moneysavingexpert and got some tips already for my car insurence which is due next month....but has anyone any other ideas or helpful tips i may not have thought of. Its very hard with all 3 things. ive no savings at all, and my salary will not allow me to get even a 100% mortage for how much property is in my area. even a studio at the mo is 130k! so any help would be really great. is anyone else in the same position? thanksMoney saving advice for graduate paying off debts...studying..and saving for mortgage!?
Whatever you do - take no notice of Wesley D.
Your only chance really is to cut out all luxuries..smoking/drinking/girls etc
or
Get a better paid job. I appreciate that a degree these days are handed out to far more than in the past. (near 50% compared to around 13% under a more difficult system) I am sure that you could manage to do a lot better than a call centre.Money saving advice for graduate paying off debts...studying..and saving for mortgage!?
I've read a few books on the subject- they all basically say the same thing. Write down EVERYTHING you spend your money on for 2 weeks. From buying a new TV to 25 cents at the gumball machine. This helps you get a real look at what you are doing with it, and what you could do better with it. Add the stuff up, and then compare that number with the salary you get for 2 weeks of work. If you spend more then you make, you will be in trouble. If you make more then you spend, good job, put it to paying off more debts. Pay off debts like this- highest interest rate first. They are the ones gauging you the most, get them out of the equasion. Also if you are having trouble with credit card companies, or student loans, simply call them, and tell them you are having trouble paying them back, and see if they can lower your interest rate so that you can afford the payments to get rid of what you owe them. This might sound dumb, but it works- the companies who you owe money to really do want their money back, and they want to make sure they can get it, even if it means taking a loss on the profit.
I am not in the same situation but I have been in the case where I had to save.
So here's some advice that might work. It is not only about car insurance, it's about lifestyle as well.
For example when you need to do short trips get a bike and not the car-this way you will save money on fuel (and avoid rush hour qeues).
It`s about what we eat and wear as well-sometimes we pay more money on brands but the things is there are same quality products which don`t have an attractive packaging- therefore they are cheaper (but the quality stays the same).
Savings always come from little things or by cutting down on habits that we got used to so much that we don`t even notice them anymore.
So try make a list with things you spend money on and see where you can lower the costs.
Good luck to you and wish you all the best!
Analyze your spending buy writing down all expenses. This includes your daily weekly monthly, semi annual, annual, and any other you can think of. Compare your expense to your income. View each expense category and find savings. Example (you may be able to raise you deductible on your auto insurance and pay less in insurance premium). Use coupons when shopping, move in with a roommate or relative to share expenses, and consolidate any loans with high interest rates. Consider car pooling. There are many area that your can save. Be sure to nickel and dime yourself to trim your expenses. You may find tips in the financial section of www.stayinformed.info.
Good Luck
If you can get in touch with me through my 360 profile I will give you a web address of something I do and which can create a substantial extra income on a part time basis.
What a pity you only asked this question today, as yesterday one of our top ladies was in London at a meeting where you could have found out all about this opportunity.
Whatever you do - take no notice of Wesley D.
Your only chance really is to cut out all luxuries..smoking/drinking/girls etc
or
Get a better paid job. I appreciate that a degree these days are handed out to far more than in the past. (near 50% compared to around 13% under a more difficult system) I am sure that you could manage to do a lot better than a call centre.Money saving advice for graduate paying off debts...studying..and saving for mortgage!?
I've read a few books on the subject- they all basically say the same thing. Write down EVERYTHING you spend your money on for 2 weeks. From buying a new TV to 25 cents at the gumball machine. This helps you get a real look at what you are doing with it, and what you could do better with it. Add the stuff up, and then compare that number with the salary you get for 2 weeks of work. If you spend more then you make, you will be in trouble. If you make more then you spend, good job, put it to paying off more debts. Pay off debts like this- highest interest rate first. They are the ones gauging you the most, get them out of the equasion. Also if you are having trouble with credit card companies, or student loans, simply call them, and tell them you are having trouble paying them back, and see if they can lower your interest rate so that you can afford the payments to get rid of what you owe them. This might sound dumb, but it works- the companies who you owe money to really do want their money back, and they want to make sure they can get it, even if it means taking a loss on the profit.
I am not in the same situation but I have been in the case where I had to save.
So here's some advice that might work. It is not only about car insurance, it's about lifestyle as well.
For example when you need to do short trips get a bike and not the car-this way you will save money on fuel (and avoid rush hour qeues).
It`s about what we eat and wear as well-sometimes we pay more money on brands but the things is there are same quality products which don`t have an attractive packaging- therefore they are cheaper (but the quality stays the same).
Savings always come from little things or by cutting down on habits that we got used to so much that we don`t even notice them anymore.
So try make a list with things you spend money on and see where you can lower the costs.
Good luck to you and wish you all the best!
Analyze your spending buy writing down all expenses. This includes your daily weekly monthly, semi annual, annual, and any other you can think of. Compare your expense to your income. View each expense category and find savings. Example (you may be able to raise you deductible on your auto insurance and pay less in insurance premium). Use coupons when shopping, move in with a roommate or relative to share expenses, and consolidate any loans with high interest rates. Consider car pooling. There are many area that your can save. Be sure to nickel and dime yourself to trim your expenses. You may find tips in the financial section of www.stayinformed.info.
Good Luck
If you can get in touch with me through my 360 profile I will give you a web address of something I do and which can create a substantial extra income on a part time basis.
What a pity you only asked this question today, as yesterday one of our top ladies was in London at a meeting where you could have found out all about this opportunity.
Mortgage and divorce i need your help!!!?
i have been with my husband for 10 years and married for 7 months we have our own home but we have recently split up!
how do i go about taking my name off the mortgage and how do i file for a divorce???
i have really tried to make him see sense but he doesn't want to know so please don't think ihaven'tt tried with him and start slatering me i need real smart positive answers please.
answers asap the stress of all this is getting on top!!Mortgage and divorce i need your help!!!?
you cant jsut take your name off the mortgage, its shared so you need to sell your half either he buys you out or the house gets sold if he cant afford to
and phone up citezens advice for the divorce issues and hte mortgage issue for more pratical helpMortgage and divorce i need your help!!!?
Okay, take this one thing at a time. You need to find an attorney that you can afford that deals with divorce. Attorneys really range in price. I wouldn't go with the cheapest, cause quite often, you get what you pay for. But, I wouldn't go with the most expensive either, because it's not necessary to pay that much for a divorce. If you and your husband can agree on the terms of the divorce, you can even find a divorce service in your area, and that is extremely simple and cheap. Only get an attorney if there is a dispute over something in the divorce. As soon as your divorce is filed, call the mortgage company and tell them about your situation, and they will assist you with taking your name off of the note. The key is not to get overwhelmed. Take it one thing at a time, and remember to breathe, lol. I'm sorry it didn't work out for you, but when one door closes, another will open. Stay strong. Good luck.
You need to make an appointment with an attorney and ask their advice. Getting your name off of a mortgage involves your husband applying for a new mortgage by himself. After he is approved, they will send you paperwork detailing that you are free and clear from the financial responsibility. It takes awhile sometimes. I should know...I recently divorced and had to get off a mortgage.
Find a good attorney to make sure you are getting everything you are entitled to. I'm not telling you to take your husband to the cleaners, but make sure you are getting what is rightfully yours. Good luck.
As you are both on the mortgage you are both liable for repayments, but if you decide to assign the property over you would then need to seek legal advice and depends whether you want to sell the property then you would split the proceeds and repay the mortgage. You need to get proper legal advice and depending which country you are in it will depend on the law for that country as to what portion the wife gets etc.
The only way to remove a name from a mortgage loan is to refinance. You cannot and should not remove your name until after the divorce has been final. Some states require you to split all assets 50/50, while other states leave it up to the court to split things. Removing your name before the judge has made his ruling on who gets what could cause problems for you and make it look badly.
You can't take your name off the mortgage. It belongs to both of you. If you divorce the judge will give the house to one of you and whomever gets the house will have to buy the other person out, usually by refinancing. You need to make darn sure that you know what you're doing from a financial point of view because these things can get nasty %26amp; expensive.
I would suggest you try to see if your marriage can work. 7 months is not a long time. My wife and I split up after 7 months and I was on her house and she wasn't on mine. We spent the next year and a half fighting in court and one day...one kind word after over a year of fighting causes us to begin reconciling.
I don't know what happened in your marriage; however you committed until death do you part. Regardless of how badly you or he screwed up...divorce is a terrible experience. Unless you both have great incomes and lots of money saved you can anitcipate messing up your credit, losing the house, and possibly needing to file bankruptcy. Ask yourself if that's worth it to get out of your marriage.
how do i go about taking my name off the mortgage and how do i file for a divorce???
i have really tried to make him see sense but he doesn't want to know so please don't think ihaven'tt tried with him and start slatering me i need real smart positive answers please.
answers asap the stress of all this is getting on top!!Mortgage and divorce i need your help!!!?
you cant jsut take your name off the mortgage, its shared so you need to sell your half either he buys you out or the house gets sold if he cant afford to
and phone up citezens advice for the divorce issues and hte mortgage issue for more pratical helpMortgage and divorce i need your help!!!?
Okay, take this one thing at a time. You need to find an attorney that you can afford that deals with divorce. Attorneys really range in price. I wouldn't go with the cheapest, cause quite often, you get what you pay for. But, I wouldn't go with the most expensive either, because it's not necessary to pay that much for a divorce. If you and your husband can agree on the terms of the divorce, you can even find a divorce service in your area, and that is extremely simple and cheap. Only get an attorney if there is a dispute over something in the divorce. As soon as your divorce is filed, call the mortgage company and tell them about your situation, and they will assist you with taking your name off of the note. The key is not to get overwhelmed. Take it one thing at a time, and remember to breathe, lol. I'm sorry it didn't work out for you, but when one door closes, another will open. Stay strong. Good luck.
You need to make an appointment with an attorney and ask their advice. Getting your name off of a mortgage involves your husband applying for a new mortgage by himself. After he is approved, they will send you paperwork detailing that you are free and clear from the financial responsibility. It takes awhile sometimes. I should know...I recently divorced and had to get off a mortgage.
Find a good attorney to make sure you are getting everything you are entitled to. I'm not telling you to take your husband to the cleaners, but make sure you are getting what is rightfully yours. Good luck.
As you are both on the mortgage you are both liable for repayments, but if you decide to assign the property over you would then need to seek legal advice and depends whether you want to sell the property then you would split the proceeds and repay the mortgage. You need to get proper legal advice and depending which country you are in it will depend on the law for that country as to what portion the wife gets etc.
The only way to remove a name from a mortgage loan is to refinance. You cannot and should not remove your name until after the divorce has been final. Some states require you to split all assets 50/50, while other states leave it up to the court to split things. Removing your name before the judge has made his ruling on who gets what could cause problems for you and make it look badly.
You can't take your name off the mortgage. It belongs to both of you. If you divorce the judge will give the house to one of you and whomever gets the house will have to buy the other person out, usually by refinancing. You need to make darn sure that you know what you're doing from a financial point of view because these things can get nasty %26amp; expensive.
I would suggest you try to see if your marriage can work. 7 months is not a long time. My wife and I split up after 7 months and I was on her house and she wasn't on mine. We spent the next year and a half fighting in court and one day...one kind word after over a year of fighting causes us to begin reconciling.
I don't know what happened in your marriage; however you committed until death do you part. Regardless of how badly you or he screwed up...divorce is a terrible experience. Unless you both have great incomes and lots of money saved you can anitcipate messing up your credit, losing the house, and possibly needing to file bankruptcy. Ask yourself if that's worth it to get out of your marriage.
How do I get out of a contract for deed? or get a loan w/a high debt to income ratio and low credit score?
My husband deserted me and my daughter and his name is still on the contract. He gives me no $$ support. I gross only $2300/mo. A mortgage broker told me my debt to income ratio is too high to get a loan and that my credit score, 545 is too low. They want $180/k for the house and they want me to pay the property taxes, $2700 and since my husband left me with the financial burden and I don鈥檛 have his whereabouts. I hate this bind I am in, can anyone give me some advice? My payment is $1000/mo and I am living on paycheck advances to buy food because of the high house payments which are not being credited to anything, really鈥he mortgage holders are lawyers and are having the payments taken out of my paycheck through a collection company and aren鈥檛 even having the payments reported to the credit bureau to help improve my credit score? I need a quick solution since my husband has been gone for 7 months now. Help?????How do I get out of a contract for deed? or get a loan w/a high debt to income ratio and low credit score?
get some support...file for it
then raise your credit score by fixing your credit. if you dispute bad stuff that is ';wrong'; then the credit bureaus will try to validate if it's wrong .... if they cant prove it which alot of time they cant, then it gets deleted or changed to positive. works well.
then get another cc with higher open balance and transfer the little ones....then kite the cc for a bit to make the credit co's think u can pay your bills then ask them for a credit line increase.....
get some support...file for it
then raise your credit score by fixing your credit. if you dispute bad stuff that is ';wrong'; then the credit bureaus will try to validate if it's wrong .... if they cant prove it which alot of time they cant, then it gets deleted or changed to positive. works well.
then get another cc with higher open balance and transfer the little ones....then kite the cc for a bit to make the credit co's think u can pay your bills then ask them for a credit line increase.....
Money saving advice for graduate paying off debts...studying..and saving for mortgage!?
yes i am doing alot! i'm trying to pay off uni debt, also i am doing my masters part time distance learning and i also want to get in a position for 2 years or so time to get a mortgage. Ive been on moneysavingexpert and got some tips already for my car insurence which is due next month....but has anyone any other ideas or helpful tips i may not have thought of. Its very hard with all 3 things. ive no savings at all, and my salary will not allow me to get even a 100% mortage for how much property is in my area. even a studio at the mo is 130k! so any help would be really great. is anyone else in the same position? thanksMoney saving advice for graduate paying off debts...studying..and saving for mortgage!?
Whatever you do - take no notice of Wesley D.
Your only chance really is to cut out all luxuries..smoking/drinking/girls etc
or
Get a better paid job. I appreciate that a degree these days are handed out to far more than in the past. (near 50% compared to around 13% under a more difficult system) I am sure that you could manage to do a lot better than a call centre.Money saving advice for graduate paying off debts...studying..and saving for mortgage!?
I've read a few books on the subject- they all basically say the same thing. Write down EVERYTHING you spend your money on for 2 weeks. From buying a new TV to 25 cents at the gumball machine. This helps you get a real look at what you are doing with it, and what you could do better with it. Add the stuff up, and then compare that number with the salary you get for 2 weeks of work. If you spend more then you make, you will be in trouble. If you make more then you spend, good job, put it to paying off more debts. Pay off debts like this- highest interest rate first. They are the ones gauging you the most, get them out of the equasion. Also if you are having trouble with credit card companies, or student loans, simply call them, and tell them you are having trouble paying them back, and see if they can lower your interest rate so that you can afford the payments to get rid of what you owe them. This might sound dumb, but it works- the companies who you owe money to really do want their money back, and they want to make sure they can get it, even if it means taking a loss on the profit.
I am not in the same situation but I have been in the case where I had to save.
So here's some advice that might work. It is not only about car insurance, it's about lifestyle as well.
For example when you need to do short trips get a bike and not the car-this way you will save money on fuel (and avoid rush hour qeues).
It`s about what we eat and wear as well-sometimes we pay more money on brands but the things is there are same quality products which don`t have an attractive packaging- therefore they are cheaper (but the quality stays the same).
Savings always come from little things or by cutting down on habits that we got used to so much that we don`t even notice them anymore.
So try make a list with things you spend money on and see where you can lower the costs.
Good luck to you and wish you all the best!
Analyze your spending buy writing down all expenses. This includes your daily weekly monthly, semi annual, annual, and any other you can think of. Compare your expense to your income. View each expense category and find savings. Example (you may be able to raise you deductible on your auto insurance and pay less in insurance premium). Use coupons when shopping, move in with a roommate or relative to share expenses, and consolidate any loans with high interest rates. Consider car pooling. There are many area that your can save. Be sure to nickel and dime yourself to trim your expenses. You may find tips in the financial section of www.stayinformed.info.
Good Luck
If you can get in touch with me through my 360 profile I will give you a web address of something I do and which can create a substantial extra income on a part time basis.
What a pity you only asked this question today, as yesterday one of our top ladies was in London at a meeting where you could have found out all about this opportunity.computer protection default myspace
Whatever you do - take no notice of Wesley D.
Your only chance really is to cut out all luxuries..smoking/drinking/girls etc
or
Get a better paid job. I appreciate that a degree these days are handed out to far more than in the past. (near 50% compared to around 13% under a more difficult system) I am sure that you could manage to do a lot better than a call centre.Money saving advice for graduate paying off debts...studying..and saving for mortgage!?
I've read a few books on the subject- they all basically say the same thing. Write down EVERYTHING you spend your money on for 2 weeks. From buying a new TV to 25 cents at the gumball machine. This helps you get a real look at what you are doing with it, and what you could do better with it. Add the stuff up, and then compare that number with the salary you get for 2 weeks of work. If you spend more then you make, you will be in trouble. If you make more then you spend, good job, put it to paying off more debts. Pay off debts like this- highest interest rate first. They are the ones gauging you the most, get them out of the equasion. Also if you are having trouble with credit card companies, or student loans, simply call them, and tell them you are having trouble paying them back, and see if they can lower your interest rate so that you can afford the payments to get rid of what you owe them. This might sound dumb, but it works- the companies who you owe money to really do want their money back, and they want to make sure they can get it, even if it means taking a loss on the profit.
I am not in the same situation but I have been in the case where I had to save.
So here's some advice that might work. It is not only about car insurance, it's about lifestyle as well.
For example when you need to do short trips get a bike and not the car-this way you will save money on fuel (and avoid rush hour qeues).
It`s about what we eat and wear as well-sometimes we pay more money on brands but the things is there are same quality products which don`t have an attractive packaging- therefore they are cheaper (but the quality stays the same).
Savings always come from little things or by cutting down on habits that we got used to so much that we don`t even notice them anymore.
So try make a list with things you spend money on and see where you can lower the costs.
Good luck to you and wish you all the best!
Analyze your spending buy writing down all expenses. This includes your daily weekly monthly, semi annual, annual, and any other you can think of. Compare your expense to your income. View each expense category and find savings. Example (you may be able to raise you deductible on your auto insurance and pay less in insurance premium). Use coupons when shopping, move in with a roommate or relative to share expenses, and consolidate any loans with high interest rates. Consider car pooling. There are many area that your can save. Be sure to nickel and dime yourself to trim your expenses. You may find tips in the financial section of www.stayinformed.info.
Good Luck
If you can get in touch with me through my 360 profile I will give you a web address of something I do and which can create a substantial extra income on a part time basis.
What a pity you only asked this question today, as yesterday one of our top ladies was in London at a meeting where you could have found out all about this opportunity.
Mortgage and divorce i need your help!!!?
i have been with my husband for 10 years and married for 7 months we have our own home but we have recently split up!
how do i go about taking my name off the mortgage and how do i file for a divorce???
i have really tried to make him see sense but he doesn't want to know so please don't think ihaven'tt tried with him and start slatering me i need real smart positive answers please.
answers asap the stress of all this is getting on top!!Mortgage and divorce i need your help!!!?
you cant jsut take your name off the mortgage, its shared so you need to sell your half either he buys you out or the house gets sold if he cant afford to
and phone up citezens advice for the divorce issues and hte mortgage issue for more pratical helpMortgage and divorce i need your help!!!?
Okay, take this one thing at a time. You need to find an attorney that you can afford that deals with divorce. Attorneys really range in price. I wouldn't go with the cheapest, cause quite often, you get what you pay for. But, I wouldn't go with the most expensive either, because it's not necessary to pay that much for a divorce. If you and your husband can agree on the terms of the divorce, you can even find a divorce service in your area, and that is extremely simple and cheap. Only get an attorney if there is a dispute over something in the divorce. As soon as your divorce is filed, call the mortgage company and tell them about your situation, and they will assist you with taking your name off of the note. The key is not to get overwhelmed. Take it one thing at a time, and remember to breathe, lol. I'm sorry it didn't work out for you, but when one door closes, another will open. Stay strong. Good luck.
You need to make an appointment with an attorney and ask their advice. Getting your name off of a mortgage involves your husband applying for a new mortgage by himself. After he is approved, they will send you paperwork detailing that you are free and clear from the financial responsibility. It takes awhile sometimes. I should know...I recently divorced and had to get off a mortgage.
Find a good attorney to make sure you are getting everything you are entitled to. I'm not telling you to take your husband to the cleaners, but make sure you are getting what is rightfully yours. Good luck.
As you are both on the mortgage you are both liable for repayments, but if you decide to assign the property over you would then need to seek legal advice and depends whether you want to sell the property then you would split the proceeds and repay the mortgage. You need to get proper legal advice and depending which country you are in it will depend on the law for that country as to what portion the wife gets etc.
The only way to remove a name from a mortgage loan is to refinance. You cannot and should not remove your name until after the divorce has been final. Some states require you to split all assets 50/50, while other states leave it up to the court to split things. Removing your name before the judge has made his ruling on who gets what could cause problems for you and make it look badly.
You can't take your name off the mortgage. It belongs to both of you. If you divorce the judge will give the house to one of you and whomever gets the house will have to buy the other person out, usually by refinancing. You need to make darn sure that you know what you're doing from a financial point of view because these things can get nasty %26amp; expensive.
I would suggest you try to see if your marriage can work. 7 months is not a long time. My wife and I split up after 7 months and I was on her house and she wasn't on mine. We spent the next year and a half fighting in court and one day...one kind word after over a year of fighting causes us to begin reconciling.
I don't know what happened in your marriage; however you committed until death do you part. Regardless of how badly you or he screwed up...divorce is a terrible experience. Unless you both have great incomes and lots of money saved you can anitcipate messing up your credit, losing the house, and possibly needing to file bankruptcy. Ask yourself if that's worth it to get out of your marriage.
how do i go about taking my name off the mortgage and how do i file for a divorce???
i have really tried to make him see sense but he doesn't want to know so please don't think ihaven'tt tried with him and start slatering me i need real smart positive answers please.
answers asap the stress of all this is getting on top!!Mortgage and divorce i need your help!!!?
you cant jsut take your name off the mortgage, its shared so you need to sell your half either he buys you out or the house gets sold if he cant afford to
and phone up citezens advice for the divorce issues and hte mortgage issue for more pratical helpMortgage and divorce i need your help!!!?
Okay, take this one thing at a time. You need to find an attorney that you can afford that deals with divorce. Attorneys really range in price. I wouldn't go with the cheapest, cause quite often, you get what you pay for. But, I wouldn't go with the most expensive either, because it's not necessary to pay that much for a divorce. If you and your husband can agree on the terms of the divorce, you can even find a divorce service in your area, and that is extremely simple and cheap. Only get an attorney if there is a dispute over something in the divorce. As soon as your divorce is filed, call the mortgage company and tell them about your situation, and they will assist you with taking your name off of the note. The key is not to get overwhelmed. Take it one thing at a time, and remember to breathe, lol. I'm sorry it didn't work out for you, but when one door closes, another will open. Stay strong. Good luck.
You need to make an appointment with an attorney and ask their advice. Getting your name off of a mortgage involves your husband applying for a new mortgage by himself. After he is approved, they will send you paperwork detailing that you are free and clear from the financial responsibility. It takes awhile sometimes. I should know...I recently divorced and had to get off a mortgage.
Find a good attorney to make sure you are getting everything you are entitled to. I'm not telling you to take your husband to the cleaners, but make sure you are getting what is rightfully yours. Good luck.
As you are both on the mortgage you are both liable for repayments, but if you decide to assign the property over you would then need to seek legal advice and depends whether you want to sell the property then you would split the proceeds and repay the mortgage. You need to get proper legal advice and depending which country you are in it will depend on the law for that country as to what portion the wife gets etc.
The only way to remove a name from a mortgage loan is to refinance. You cannot and should not remove your name until after the divorce has been final. Some states require you to split all assets 50/50, while other states leave it up to the court to split things. Removing your name before the judge has made his ruling on who gets what could cause problems for you and make it look badly.
You can't take your name off the mortgage. It belongs to both of you. If you divorce the judge will give the house to one of you and whomever gets the house will have to buy the other person out, usually by refinancing. You need to make darn sure that you know what you're doing from a financial point of view because these things can get nasty %26amp; expensive.
I would suggest you try to see if your marriage can work. 7 months is not a long time. My wife and I split up after 7 months and I was on her house and she wasn't on mine. We spent the next year and a half fighting in court and one day...one kind word after over a year of fighting causes us to begin reconciling.
I don't know what happened in your marriage; however you committed until death do you part. Regardless of how badly you or he screwed up...divorce is a terrible experience. Unless you both have great incomes and lots of money saved you can anitcipate messing up your credit, losing the house, and possibly needing to file bankruptcy. Ask yourself if that's worth it to get out of your marriage.
How do I get out of a contract for deed? or get a loan w/a high debt to income ratio and low credit score?
My husband deserted me and my daughter and his name is still on the contract. He gives me no $$ support. I gross only $2300/mo. A mortgage broker told me my debt to income ratio is too high to get a loan and that my credit score, 545 is too low. They want $180/k for the house and they want me to pay the property taxes, $2700 and since my husband left me with the financial burden and I don鈥檛 have his whereabouts. I hate this bind I am in, can anyone give me some advice? My payment is $1000/mo and I am living on paycheck advances to buy food because of the high house payments which are not being credited to anything, really鈥he mortgage holders are lawyers and are having the payments taken out of my paycheck through a collection company and aren鈥檛 even having the payments reported to the credit bureau to help improve my credit score? I need a quick solution since my husband has been gone for 7 months now. Help?????How do I get out of a contract for deed? or get a loan w/a high debt to income ratio and low credit score?
get some support...file for it
then raise your credit score by fixing your credit. if you dispute bad stuff that is ';wrong'; then the credit bureaus will try to validate if it's wrong .... if they cant prove it which alot of time they cant, then it gets deleted or changed to positive. works well.
then get another cc with higher open balance and transfer the little ones....then kite the cc for a bit to make the credit co's think u can pay your bills then ask them for a credit line increase.....
get some support...file for it
then raise your credit score by fixing your credit. if you dispute bad stuff that is ';wrong'; then the credit bureaus will try to validate if it's wrong .... if they cant prove it which alot of time they cant, then it gets deleted or changed to positive. works well.
then get another cc with higher open balance and transfer the little ones....then kite the cc for a bit to make the credit co's think u can pay your bills then ask them for a credit line increase.....
How many people are affected by getting laid off?
I've been at my place of employment for almost 7 years and we will be closing their doors. I don't know what to do, my son was just diagnosed with type 1 diabetes. What to do? I'm scared I know almost everyone has a mortgage, car pymts and other bill. Let alone hospital and doctor bills. He has to have his insulin with no exceptions, that is a must. Does anyone know what programs are out there for help?How many people are affected by getting laid off?
Bush didn't cause the problem, but Obama sure isn't doing anything to fix it with his defeatist attitude either.
This is something that was coming for a long time. Mr Greenspan held it off as long as he was in office by adjusting the interest rated very carefully. When he left the office and this other person took over it has just gone down hill.
Mr Obama with his bad attitude toward all working people and all businesses sure isn't helping anything.
Go to the website of the insulin you son is using and down at the bottom of the page is a click to go to a help me site. They can and will help you to keep giving your son his insulins. I don't know about keeping your house or vehicle or feeding your son, maybe the bank won't want your house.
Even if you have to do what my daughters are doing, working 3 jobs each, it is better than just sitting around fretting.How many people are affected by getting laid off?
Hi,
I know so many people are getting laid off and losing their Health insurance. My husband got laid off in March and our insurance ends in May. What I have is Ameriplan for a back up and I work from home with them. They have a great Diabetic program. www.mybenefitsplus.com/Rebecca鈥?
I lost my job of 9 years Jan. 5th and don't know if I will ever be called back as the company is almost belly up. Check with your state to see if they can cover your child. I know in Michigan they have MCHILD or MICHILD(?) to cover uninsured kids. But definitely check into this and good luck. Millions are in the same boat as you. You're not alone. I to have a mortgage and 2 kids, luckily my wife still has her job, but I was the main breadwinner. I am collecting unemployment now. The only good thing is I get to spend time with the kids and don't have to pay another house payment in daycare costs a month. I also have gone back to college taking Friday and Saturday classes. As the other person said, also tell your doctor what is going on now.
Good Luck to you.
Speak to your Doctor regarding your son's needs. Bush did nothing about the problem that he left behind but Obama's working on it.
Bush didn't cause the problem, but Obama sure isn't doing anything to fix it with his defeatist attitude either.
This is something that was coming for a long time. Mr Greenspan held it off as long as he was in office by adjusting the interest rated very carefully. When he left the office and this other person took over it has just gone down hill.
Mr Obama with his bad attitude toward all working people and all businesses sure isn't helping anything.
Go to the website of the insulin you son is using and down at the bottom of the page is a click to go to a help me site. They can and will help you to keep giving your son his insulins. I don't know about keeping your house or vehicle or feeding your son, maybe the bank won't want your house.
Even if you have to do what my daughters are doing, working 3 jobs each, it is better than just sitting around fretting.How many people are affected by getting laid off?
Hi,
I know so many people are getting laid off and losing their Health insurance. My husband got laid off in March and our insurance ends in May. What I have is Ameriplan for a back up and I work from home with them. They have a great Diabetic program. www.mybenefitsplus.com/Rebecca鈥?
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I lost my job of 9 years Jan. 5th and don't know if I will ever be called back as the company is almost belly up. Check with your state to see if they can cover your child. I know in Michigan they have MCHILD or MICHILD(?) to cover uninsured kids. But definitely check into this and good luck. Millions are in the same boat as you. You're not alone. I to have a mortgage and 2 kids, luckily my wife still has her job, but I was the main breadwinner. I am collecting unemployment now. The only good thing is I get to spend time with the kids and don't have to pay another house payment in daycare costs a month. I also have gone back to college taking Friday and Saturday classes. As the other person said, also tell your doctor what is going on now.
Good Luck to you.
Speak to your Doctor regarding your son's needs. Bush did nothing about the problem that he left behind but Obama's working on it.
I want to send a certified letter addressed to the mgr and supervisor, how is this done properly?
I have a dispute with my mortgage co. They are not willing to help me. I feel that I will get a better response if I send a certified letter to the manager of the account and his/ her supervisor. I do not know the supervisors name, and you know how hard it is to get to the right people in a large corporation. Please advise me on the best method to achieve my objective.I want to send a certified letter addressed to the mgr and supervisor, how is this done properly?
You may want to address the letter to Customer Service with a copy to the department handling your mortgage.
Be sure to copy (cc) the Federal Trade Commission. They currently have a new Website taking comments about the real estate industry. While your situation is more mortgage related, with all the problems going on right now at Freddie and Fannie, you may hit the right person.
After your signature on the letter, be sure the letter says:
cc: Patrick Roach, FTC
Then when you take the letter to the post office, be sure to send it registered. That way you see who signs the green card you get back in the mail. The Post Office has all the information of the types of delivery that will guarantee receipt.I want to send a certified letter addressed to the mgr and supervisor, how is this done properly?
Best way is calling and asking what is the Mgr, or Supervisor's name. Be direct. Tell them you want to write to the Mgr or Supervisor. Don't let them put you off. Get his/her full name, title and correct address. Then send the letter Certified, Return Receipt requested via the post office. This way they have to sign for it and the receipt will be sent back to you. Now if this does not work for some reason, find out the name and address of the Chairman of the Board and write him, sending it in the very same manner.(The Website of the company should be able to tell you that) I can assure you from experience, you will get action and a a response quickly. Most lower level Mgr's and Spvr's do not want to get a complaint/dispute letter sent to them via the Chairman's office. Be sure when you write your letter you clearly state the nature of the complaint/dispute. Don't make demands. But be clear you are not happy the level of service you are receiving. Be direct and to the point! If you have documents to back up your dispute send them along. Make copies for your records. Document everything. If this is a dispute that may go to court one day your documentation will be vital.
Follow what I have advised and I am sure you will get a response.
Got to the Mgr/Svpr first. Then to the Chairman's office if you don't get results. Good Luck!
Instead of a persons name put; Attn: Accounts Department.
Next make sure you have the correct address. Then take it straight to the post office and tell them that you want it sent certified. When the letter gets there someone will have to sign for it and it will get noticed.
You may want to address the letter to Customer Service with a copy to the department handling your mortgage.
Be sure to copy (cc) the Federal Trade Commission. They currently have a new Website taking comments about the real estate industry. While your situation is more mortgage related, with all the problems going on right now at Freddie and Fannie, you may hit the right person.
After your signature on the letter, be sure the letter says:
cc: Patrick Roach, FTC
Then when you take the letter to the post office, be sure to send it registered. That way you see who signs the green card you get back in the mail. The Post Office has all the information of the types of delivery that will guarantee receipt.I want to send a certified letter addressed to the mgr and supervisor, how is this done properly?
Best way is calling and asking what is the Mgr, or Supervisor's name. Be direct. Tell them you want to write to the Mgr or Supervisor. Don't let them put you off. Get his/her full name, title and correct address. Then send the letter Certified, Return Receipt requested via the post office. This way they have to sign for it and the receipt will be sent back to you. Now if this does not work for some reason, find out the name and address of the Chairman of the Board and write him, sending it in the very same manner.(The Website of the company should be able to tell you that) I can assure you from experience, you will get action and a a response quickly. Most lower level Mgr's and Spvr's do not want to get a complaint/dispute letter sent to them via the Chairman's office. Be sure when you write your letter you clearly state the nature of the complaint/dispute. Don't make demands. But be clear you are not happy the level of service you are receiving. Be direct and to the point! If you have documents to back up your dispute send them along. Make copies for your records. Document everything. If this is a dispute that may go to court one day your documentation will be vital.
Follow what I have advised and I am sure you will get a response.
Got to the Mgr/Svpr first. Then to the Chairman's office if you don't get results. Good Luck!
Instead of a persons name put; Attn: Accounts Department.
Next make sure you have the correct address. Then take it straight to the post office and tell them that you want it sent certified. When the letter gets there someone will have to sign for it and it will get noticed.
How can I get money to put towards a business?
I have been working and putting money aside to buy a mulit-unit place or use the money to invest in a franchise business depending on what options were better when I had all the money. Well I got laid off from the factory I was at and have had to use most of the money I had for bills.
Does anyone know of any mortgage place that will give me a loan where I can use the income from the multi-unit places as income ($150k for 2 buildings with a total of 10 units (7unit and a 3unit). $2100 in taxes for the pair and $4k income a month) or someplace where I can get around $50k or so for startup money?
I have no problem getting a job. But I would rather finaly start doing what I want if I can find a way to get the financing. I dont care if the interest rates will be high or whatever. I just need help finding a way to get the financing.How can I get money to put towards a business?
How about two answers for the price of one.
Here in Nebraska, Mortgage Express offers 100% financing on investment property - you'll find a lot of mortgage brokers have a similar program or are at least willing to start one.
Creative Financing Consulting is for people that do not qualify for traditional bank loans. A professional will show you several other options available to you (usually less traditional means). Some include quick staging, small business hand-off, fund raising and debt-notes. They're really fast and adjust for your time frame, cash flow, and current workload but they usually cost about $500.How can I get money to put towards a business?
Well I know a company that helps people get the financing for apartment buildings. I hope this helps you. www.worldclassfinancialgroup.com
This project is considered a mixed use project. I have a source that will fund a 90% ltv. If you really want to move on this project please contact me robert_williams30364@yahoo.com. I have a lender with interest rates in the mid 8's and would be extremely interested in your project.
You are on the right track to think about passive income besides a job. Be careful in real estate investment that the risk can be underestimated if the market becomes sluggish for rental.
Join local real estate investment clubs or associations to learn more about your local market before you sink a large amount of money in there, particularly right after you lost your regular income.
If you want to look into the new way of franchising (without the huge upfront cost and royalties), you can email me from my profile page to explore more.
Great Start %26amp; Keep up
Happy Living, PhD
Does anyone know of any mortgage place that will give me a loan where I can use the income from the multi-unit places as income ($150k for 2 buildings with a total of 10 units (7unit and a 3unit). $2100 in taxes for the pair and $4k income a month) or someplace where I can get around $50k or so for startup money?
I have no problem getting a job. But I would rather finaly start doing what I want if I can find a way to get the financing. I dont care if the interest rates will be high or whatever. I just need help finding a way to get the financing.How can I get money to put towards a business?
How about two answers for the price of one.
Here in Nebraska, Mortgage Express offers 100% financing on investment property - you'll find a lot of mortgage brokers have a similar program or are at least willing to start one.
Creative Financing Consulting is for people that do not qualify for traditional bank loans. A professional will show you several other options available to you (usually less traditional means). Some include quick staging, small business hand-off, fund raising and debt-notes. They're really fast and adjust for your time frame, cash flow, and current workload but they usually cost about $500.How can I get money to put towards a business?
Well I know a company that helps people get the financing for apartment buildings. I hope this helps you. www.worldclassfinancialgroup.com
This project is considered a mixed use project. I have a source that will fund a 90% ltv. If you really want to move on this project please contact me robert_williams30364@yahoo.com. I have a lender with interest rates in the mid 8's and would be extremely interested in your project.
You are on the right track to think about passive income besides a job. Be careful in real estate investment that the risk can be underestimated if the market becomes sluggish for rental.
Join local real estate investment clubs or associations to learn more about your local market before you sink a large amount of money in there, particularly right after you lost your regular income.
If you want to look into the new way of franchising (without the huge upfront cost and royalties), you can email me from my profile page to explore more.
Great Start %26amp; Keep up
Happy Living, PhD
How do I file taxes with a foreclosure?
Due to a divorce, my house ( I live in Florida) is going through foreclosure. It hasn't been sold yet, and I haven't paid any mortgage on it since December of 08. I haven't gotten anything recently regarding the foreclosure. Can I do the basic filing of my tax return? I was the cosigner- the property was in my ex's name first. Please help!How do I file taxes with a foreclosure?
If the foreclosure is not yet complete, you do nothing. It affects the year in which the debts are taken care of.computer protection default myspace
If the foreclosure is not yet complete, you do nothing. It affects the year in which the debts are taken care of.
How can i calculate for damages if i want to press a civil suit to be incorporated to an existing estafa case?
We filed estafa through falsicifation of public document against those people who gave us fake realty titles for mortgage. The case is in court but it seems to me that the culprits are using delaying tactics in avoiding to pay us the amount they stole. They will not make a definite offer to their settlement. They keep changing their statements in front of the judge. Please help because i want to know if i can get justice by pressuring them to pay up. How can i calculate the damages i can demand if this thing pushes through. My lawyer friends please help by giving out your contact details so that i can explain futher. Help me. I am paraplegic (in a wheelchair) with no connections. They already got my money but if my lawyer would tirelessly pursue this i would gladly make a deal to share a portion of whatever i can get out of the settlement. My email is del_dioquino@yahoo.com. Please people... dont let me down. Im begging your indulgence.How can i calculate for damages if i want to press a civil suit to be incorporated to an existing estafa case?
Judging from what you wrote, you already have an attorney and it is already a court case. You cant hurry this along. Its in their hands now. So just be patient and let them handle it. It is NOT a fast process. And yes, the culprits attorney is probably delaying it, hoping that you will give up and go away. Dont do it. Just hang in there. No one can help you on this one except your lawyer.
Judging from what you wrote, you already have an attorney and it is already a court case. You cant hurry this along. Its in their hands now. So just be patient and let them handle it. It is NOT a fast process. And yes, the culprits attorney is probably delaying it, hoping that you will give up and go away. Dont do it. Just hang in there. No one can help you on this one except your lawyer.
How do I get a personal loan for $35-40,000 to pay off some bills and home repairs with bad credit?
I need a loan bad just became a home owner, %26amp; I am drowning, need help. If I could get the loan I could pay off all my bills and just have the monthly loan payment and utilties to pay. Then I could pay my mortgage with out worrying. If anyone can help me or show me how to get a loan, it would be beyond greatly appreicated. Any thing can help.How do I get a personal loan for $35-40,000 to pay off some bills and home repairs with bad credit?
About the only thing that bad credit won't hurt as far as a loan goes is an equity loan on a house. The house has the value not the person being loaned the money. Without equity you may be SOL.......Sorry, that's all I can think of.....How do I get a personal loan for $35-40,000 to pay off some bills and home repairs with bad credit?
You need a sugar daddy.
It's been said before, but unless your ';bills'; are credit card debt you're in trouble. It's very hard to borrow your way out of debt.
If your ';bills'; are charging you interest, consolidate them into one ';bill'; with the lowest interest rate and work (very hard) to pay it off.
Good luck.
this is difficult.very difficult -- no. one try to rent part of the house so you can create some cash flow i.e. more income. a lender would like to see that you have the means to re-pay. otherwise a second mortgage on the house is an option. higher interest rate. last but least...a reverse mortgage if you can do that...they will buy the first
mortgage from you and give you some money if you are 60 or 65 over..hope it helps. good. luck
Let the house go back to the bank (quit making payments) as well as all of your other indebtedness. File for bankruptcy, and start over new. Looks like the only way out for you.
Well you could start hookin, or join the mob... seriously though selling drugs is the way to go.
i don`t think you can but may be get second mortage you can get.
You can call some Mortgage Brokers for a hard loan..depending on how bad your credit is, rates could be from 10% to 12% sometimes more..http://deal-save-online.com/bad-credit-l鈥?/a>
Don't get a loan if you already have bad credit. Loans will only make it worse.
There are many loan products out there to assist you with your situation, but that is not the quick fix. I agree that you need to speak to someone regarding budgeting your money and set some financial goals so that you don't get yourself into this situation again. The loan is a good idea, but you need to be careful not to over extend your position with the house as well. Did you put any money down when you bought the house. What is the current appraised value? Can you benefit from the appraised value at this time? (Meaning has it been at least 6 months since you closed) Are you in a market that real estate value are increasing greatly or stagnant? Also, what do you mean by ';bad credit';? Are you not paying your bills on time? Have you been late on the house? Many sub-prime companies will do the loan even with some dings on your pay history, but good mortgage pay history is a must with equity loans. They will even go up to 125% of LTV, but only if it improves your bottom line commitment with your monthly bills significantly. Take your time, do some research, and evaluate your spending habits. Don't rush into a decision. There are lots of questions you need to be asking a lending professional as well as yourself so write these down. As I said, this is not a quick fix.
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You can borrow against the amount of the home own - the equity. If you don't have any equity, you can't borrow against the house. That would be the only way to get a reasonable loan in your situation. Check with your mortgage broker whether you can get a loan on your home equity.
You don't.
YOURCHANCES ARE ZERO , NONE , NYET , NONE AND GOOSE EGG.BAD CREDIT COMES BACK TO HAUNT PEOPLE AND THIS IS ANOTHER CLASSIC CASE FOLKS .
is this you to
You could try refinancing. You can often get extra money to help with home repairs that way. Try United Financial Mortgage.
Stop DIGGING! You need to get control of your finances. Your poor credit and High LTV will only qualify you for a high rate. Increase your income and pay your bills ontime to increae your credit rating. Yes work 2 or 3 jobs if you have to. Get out of debt not into more.
You might not have enough equity yet, or depending on how much you paid for your house, the appraised value would have to be enough to get a loan that big, on TOP of what you owe already. Try Ditech or Red Brick Mortgage (they have web sites). Also, check Countrywide...these are ones I know of that have helped people I know. Be prepared for the higher interest rates, and always compare, since you'd be doing a debt TRANSFER, not elimination, to make sure you're not going to end up paying more. Unfortunately, sometimes you can get more pressure alleviated with a second job.
If you have not spoken with a mortgage broker you should do so and just see what they can help you with. I dont know what state you are in, I am a broker but am only licensed to do loans in CO and WY. If by some strange chance you are in either of those two states my website is www.denverdm.com and ask for Chandra. Good luck!
depending on your LTV probably not. since you just recently became a home owner, would be hard, but not impossible, to get a lien against your house or even a 2nd mortgage. need to know what you paid for the house as opposed to how much it's worth. that is what will determine if you can get a loan or not.
file chapter 11 bankruptcy. that is your very best bet. that way you only have to pay off a percentage of your debt and you keep your house. that will put you on a payment plan. other than that a 2nd mortgage is your only option.
borrowing more money is unlikely to help
you will still owe just as much money as you do now
just to a different lender
the only way to get out of debt is to stop borrowing money and start paying people back
pick your worst loan with the highest interest rate
spend as little money as you can stand and put all you can (hopefully twice or more the monthly payment) toward paying off that worst bill
when you get it knocked off, you will have even more money to attack the next worse debt
borrowing is what got you in trouble
NOT borrowing is the way out
Look. You owe money. You have bad credit. You are apparently having difficulty paying your current bills.
As a lender, I'm thinking, ';Hm. What's the liklihood that I'd get my money back, even if I wasn't worried about making some profit.?';
Considering that you have demonstrated that you don't pay your debts on time...or at all (not sure how bad your credit is), and considering that you are planning to use a structure in need of repair as equity, my gut feeling is that you're in way too deep.
My response to a loan request from an applicant like you would be no. I'd be interested in discussing entering into a financial arrangement with you after you've cleared your current obligations, and have demonstrated a steady pace of financial responsibility. Until then...no.
you need to consolidate your debt, you'll be paying a lot less.
Vin
First, ask friends and family.
You just became a home owner! But it's not your's. Plus you have bad credit. I don't think you'll get the $40,000 loan. Since your drowining in bills.
Look into either a home equity loan or refinance your current mortgage. Either is possible even with bad credit, so long as the value of the house will support it. For example, if your house is worth $80,000 but you only owe $60,000 you can borrow about $15,000 with no problems, or you can get a new mortgage for the full 80, pay off the old and have $20,000 for bills, and a fresh start. Good luck.
rob a few banks
good luck hope you don't get caught
home equity loan... every bank has one. Just go to your bank and ask
you are not specific on what ';bills'; you want to pay off--if you have numerous credit card bills, consider consolidating them onto the one with the lowest interest rate--this will allow you to pay just one sum with a low rate---
if you get a loan, you will be in more trouble cause you will also have to pay THAT off and a loan my not guarantee a lower interest rate than if you consolidate your credit cards..
About the only thing that bad credit won't hurt as far as a loan goes is an equity loan on a house. The house has the value not the person being loaned the money. Without equity you may be SOL.......Sorry, that's all I can think of.....How do I get a personal loan for $35-40,000 to pay off some bills and home repairs with bad credit?
You need a sugar daddy.
It's been said before, but unless your ';bills'; are credit card debt you're in trouble. It's very hard to borrow your way out of debt.
If your ';bills'; are charging you interest, consolidate them into one ';bill'; with the lowest interest rate and work (very hard) to pay it off.
Good luck.
this is difficult.very difficult -- no. one try to rent part of the house so you can create some cash flow i.e. more income. a lender would like to see that you have the means to re-pay. otherwise a second mortgage on the house is an option. higher interest rate. last but least...a reverse mortgage if you can do that...they will buy the first
mortgage from you and give you some money if you are 60 or 65 over..hope it helps. good. luck
Let the house go back to the bank (quit making payments) as well as all of your other indebtedness. File for bankruptcy, and start over new. Looks like the only way out for you.
Well you could start hookin, or join the mob... seriously though selling drugs is the way to go.
i don`t think you can but may be get second mortage you can get.
You can call some Mortgage Brokers for a hard loan..depending on how bad your credit is, rates could be from 10% to 12% sometimes more..http://deal-save-online.com/bad-credit-l鈥?/a>
Don't get a loan if you already have bad credit. Loans will only make it worse.
There are many loan products out there to assist you with your situation, but that is not the quick fix. I agree that you need to speak to someone regarding budgeting your money and set some financial goals so that you don't get yourself into this situation again. The loan is a good idea, but you need to be careful not to over extend your position with the house as well. Did you put any money down when you bought the house. What is the current appraised value? Can you benefit from the appraised value at this time? (Meaning has it been at least 6 months since you closed) Are you in a market that real estate value are increasing greatly or stagnant? Also, what do you mean by ';bad credit';? Are you not paying your bills on time? Have you been late on the house? Many sub-prime companies will do the loan even with some dings on your pay history, but good mortgage pay history is a must with equity loans. They will even go up to 125% of LTV, but only if it improves your bottom line commitment with your monthly bills significantly. Take your time, do some research, and evaluate your spending habits. Don't rush into a decision. There are lots of questions you need to be asking a lending professional as well as yourself so write these down. As I said, this is not a quick fix.
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You can borrow against the amount of the home own - the equity. If you don't have any equity, you can't borrow against the house. That would be the only way to get a reasonable loan in your situation. Check with your mortgage broker whether you can get a loan on your home equity.
You don't.
YOURCHANCES ARE ZERO , NONE , NYET , NONE AND GOOSE EGG.BAD CREDIT COMES BACK TO HAUNT PEOPLE AND THIS IS ANOTHER CLASSIC CASE FOLKS .
is this you to
You could try refinancing. You can often get extra money to help with home repairs that way. Try United Financial Mortgage.
Stop DIGGING! You need to get control of your finances. Your poor credit and High LTV will only qualify you for a high rate. Increase your income and pay your bills ontime to increae your credit rating. Yes work 2 or 3 jobs if you have to. Get out of debt not into more.
You might not have enough equity yet, or depending on how much you paid for your house, the appraised value would have to be enough to get a loan that big, on TOP of what you owe already. Try Ditech or Red Brick Mortgage (they have web sites). Also, check Countrywide...these are ones I know of that have helped people I know. Be prepared for the higher interest rates, and always compare, since you'd be doing a debt TRANSFER, not elimination, to make sure you're not going to end up paying more. Unfortunately, sometimes you can get more pressure alleviated with a second job.
If you have not spoken with a mortgage broker you should do so and just see what they can help you with. I dont know what state you are in, I am a broker but am only licensed to do loans in CO and WY. If by some strange chance you are in either of those two states my website is www.denverdm.com and ask for Chandra. Good luck!
depending on your LTV probably not. since you just recently became a home owner, would be hard, but not impossible, to get a lien against your house or even a 2nd mortgage. need to know what you paid for the house as opposed to how much it's worth. that is what will determine if you can get a loan or not.
file chapter 11 bankruptcy. that is your very best bet. that way you only have to pay off a percentage of your debt and you keep your house. that will put you on a payment plan. other than that a 2nd mortgage is your only option.
borrowing more money is unlikely to help
you will still owe just as much money as you do now
just to a different lender
the only way to get out of debt is to stop borrowing money and start paying people back
pick your worst loan with the highest interest rate
spend as little money as you can stand and put all you can (hopefully twice or more the monthly payment) toward paying off that worst bill
when you get it knocked off, you will have even more money to attack the next worse debt
borrowing is what got you in trouble
NOT borrowing is the way out
Look. You owe money. You have bad credit. You are apparently having difficulty paying your current bills.
As a lender, I'm thinking, ';Hm. What's the liklihood that I'd get my money back, even if I wasn't worried about making some profit.?';
Considering that you have demonstrated that you don't pay your debts on time...or at all (not sure how bad your credit is), and considering that you are planning to use a structure in need of repair as equity, my gut feeling is that you're in way too deep.
My response to a loan request from an applicant like you would be no. I'd be interested in discussing entering into a financial arrangement with you after you've cleared your current obligations, and have demonstrated a steady pace of financial responsibility. Until then...no.
you need to consolidate your debt, you'll be paying a lot less.
Vin
First, ask friends and family.
You just became a home owner! But it's not your's. Plus you have bad credit. I don't think you'll get the $40,000 loan. Since your drowining in bills.
Look into either a home equity loan or refinance your current mortgage. Either is possible even with bad credit, so long as the value of the house will support it. For example, if your house is worth $80,000 but you only owe $60,000 you can borrow about $15,000 with no problems, or you can get a new mortgage for the full 80, pay off the old and have $20,000 for bills, and a fresh start. Good luck.
rob a few banks
good luck hope you don't get caught
home equity loan... every bank has one. Just go to your bank and ask
you are not specific on what ';bills'; you want to pay off--if you have numerous credit card bills, consider consolidating them onto the one with the lowest interest rate--this will allow you to pay just one sum with a low rate---
if you get a loan, you will be in more trouble cause you will also have to pay THAT off and a loan my not guarantee a lower interest rate than if you consolidate your credit cards..
What is entailed when co-signing with someone trying to refinance their home?
My sister is getting into serious trouble with her home and it may be foreclosed. She bought into one of those designer mortgages several years ago and now the interest rate is ridiculously high and her mortgage is double from what she started with. If I co-sign to help her refinance her home, she could get a significantly lower (more affordable) fixed interest rate. Should I co-sign for her?
What are the risks involved? How is co-signing for a house different than co-signing for a car? How does it affect my credit? How does it affect my future with home-buying? I don't own a home yet, but what if my husband and I are ready to buy our first home in the next one to five years?What is entailed when co-signing with someone trying to refinance their home?
Buy signing a mortgage w/ your sister you are now legally responsible for the repayment of that loan. If one of you stops paying it the other has to take up the slack to avoid default and foreclosure. Your credit report will be affected (good or bad), by the mortgage.
As far as future home purchases go, the payment on your sisters house will be added to your debt ratio (making it higher), and it can affect your ability to afford a new home. The only way for you to get off of her loan is for her to refinance - on her own.
If you are confident your sister will not miss payments until she can refinance on her own then it isn't a bad idea. Maybe she just has to restore her credit which can be done in a year or so. Also, the new mortgage account on your credit report will be a solid account if it stays current. But be aware of how it will affect your ability to buy your own home later on.What is entailed when co-signing with someone trying to refinance their home?
I don't know the details of cosigning for a home loan.. but I do highly recommend that you do not do it. I would not do it and I consider myself to be a nice guy.
I would stay away from co-signing anything.
By co-signing, you, in addition to your sister, become wholly and individually responsible for the repayment of the loan. If your sister misses a payment, it will go on your credit report as well.
NO, NO, NO! Do not co-sign. Call a real estate attorney or even a mortgage broker that isn't tied to the deal and have them tell you the different scenarios. if you co-sign and your sister is late, losses her job, skips a payment...it's all on you. Your credit etc. Even if she's 5 days late it will affect your credit and when you and your husband buy a home it will affect your rate. Not to mention you may not even qualify for a loan because you will already have a mortgage. It's hard when it's family, but you have to look at this objectively. Your sister may have to sell, or contact her lender to see if she can get some help. Congress is stepping in because so many people are foreclosing due to these sub prime loans. It may take more work on her part...but even asking you to co-sign is just not cool!!! The difference between co-signing for a car vs. a house...um..$250,000???
What are the risks involved? How is co-signing for a house different than co-signing for a car? How does it affect my credit? How does it affect my future with home-buying? I don't own a home yet, but what if my husband and I are ready to buy our first home in the next one to five years?What is entailed when co-signing with someone trying to refinance their home?
Buy signing a mortgage w/ your sister you are now legally responsible for the repayment of that loan. If one of you stops paying it the other has to take up the slack to avoid default and foreclosure. Your credit report will be affected (good or bad), by the mortgage.
As far as future home purchases go, the payment on your sisters house will be added to your debt ratio (making it higher), and it can affect your ability to afford a new home. The only way for you to get off of her loan is for her to refinance - on her own.
If you are confident your sister will not miss payments until she can refinance on her own then it isn't a bad idea. Maybe she just has to restore her credit which can be done in a year or so. Also, the new mortgage account on your credit report will be a solid account if it stays current. But be aware of how it will affect your ability to buy your own home later on.What is entailed when co-signing with someone trying to refinance their home?
I don't know the details of cosigning for a home loan.. but I do highly recommend that you do not do it. I would not do it and I consider myself to be a nice guy.
I would stay away from co-signing anything.
By co-signing, you, in addition to your sister, become wholly and individually responsible for the repayment of the loan. If your sister misses a payment, it will go on your credit report as well.
NO, NO, NO! Do not co-sign. Call a real estate attorney or even a mortgage broker that isn't tied to the deal and have them tell you the different scenarios. if you co-sign and your sister is late, losses her job, skips a payment...it's all on you. Your credit etc. Even if she's 5 days late it will affect your credit and when you and your husband buy a home it will affect your rate. Not to mention you may not even qualify for a loan because you will already have a mortgage. It's hard when it's family, but you have to look at this objectively. Your sister may have to sell, or contact her lender to see if she can get some help. Congress is stepping in because so many people are foreclosing due to these sub prime loans. It may take more work on her part...but even asking you to co-sign is just not cool!!! The difference between co-signing for a car vs. a house...um..$250,000???
How do I search for mortgages in the state of Florida?
I am new to the internet, and I have not been having much luck with search results, although I am trying to follow the guidelines. I get what I'm looking for only about 10% of the time.
My son tells me that due to its sunshine laws, public record searches in Florida are easy. Well, not for me. Can anyone help with this specific problem, and can I get some tips to get overall better search results?How do I search for mortgages in the state of Florida?
I also want to add that, assuming the records are available online, all you may be able to find out is the document number, date the document was recorded, trustee and/or trustor. You won't be able to find out the amount of the mortgage online for free. Most counties (at least in California) have the information online (document number, date of document, trustor and trustee and if you want to view the document, you would have to pay a fee to view it and/or order it.
Public record searches are easy...if you go to the place you want the public record from....not everything is available online (nor is it required to be online)...How do I search for mortgages in the state of Florida?
Mortgages are recorded in a lien book in each county court house, in the Recorder of Deeds office. Since each county keeps it's own records, you would have to search the Web to see if a county even has deed information posted.
My son tells me that due to its sunshine laws, public record searches in Florida are easy. Well, not for me. Can anyone help with this specific problem, and can I get some tips to get overall better search results?How do I search for mortgages in the state of Florida?
I also want to add that, assuming the records are available online, all you may be able to find out is the document number, date the document was recorded, trustee and/or trustor. You won't be able to find out the amount of the mortgage online for free. Most counties (at least in California) have the information online (document number, date of document, trustor and trustee and if you want to view the document, you would have to pay a fee to view it and/or order it.
Public record searches are easy...if you go to the place you want the public record from....not everything is available online (nor is it required to be online)...How do I search for mortgages in the state of Florida?
Mortgages are recorded in a lien book in each county court house, in the Recorder of Deeds office. Since each county keeps it's own records, you would have to search the Web to see if a county even has deed information posted.
How long does and eviction take after a foreclure on a duplex that is being rented?
I Live in a duplex in Philadelphia. My Neighbor and I just found out that the building is in foreclosure?! We have paid rent every month and the landlord obviously hasnt paid the mortgage. Does this mean I am going to get evicted? How long do I have before my son and I are kicked out on the street with nowhere to go? Please helpHow long does and eviction take after a foreclure on a duplex that is being rented?
It takes 30 days. You can avoid this by offering to pay the rent to the new owner on the date he takes title. He will get the deed handed to him when he wins the bid at the foreclosure sale. Usually on the courthouse steps.
A smart idea is for you to attend the auction. The time and location will be on a notice posted on your front door or garage. You will be able to meet the winner of the bid. You could write a rent check on the spot. Now you can not be evicted.computer protection default myspace
It takes 30 days. You can avoid this by offering to pay the rent to the new owner on the date he takes title. He will get the deed handed to him when he wins the bid at the foreclosure sale. Usually on the courthouse steps.
A smart idea is for you to attend the auction. The time and location will be on a notice posted on your front door or garage. You will be able to meet the winner of the bid. You could write a rent check on the spot. Now you can not be evicted.
When you sell your home do you have the money available in your bank account to use to buy a new home?
I own my home and when the time comes to sell I won't be able to buy a new home without the money from selling my old home. I don't want a mortgage on the new home. I want to buy the new home with the money I get from the sale of my old home. I have never bought or sold a home before so I don't know how this works. Any help would be appreciated.When you sell your home do you have the money available in your bank account to use to buy a new home?
When you sell, the mortgage or any liens are paid off, the rest of the money goes to YOU, the seller after all fees are deducted. You can then put it in your bank (or wired there) and have it available to buy your next home.
Timing the sale and purchase can be problematical, or you have to move to temporary quarters.When you sell your home do you have the money available in your bank account to use to buy a new home?
on the day of settlement, you will walk out with a check for all your profit on the home. Or you can have it wired to your bank. I would do this. It would be available that same day.
it is very doubtful that any money you receive from the sale of the first house will be enough to buy the new one
unless, of course, it is a fully paid house and of good market value
When you sell, the mortgage or any liens are paid off, the rest of the money goes to YOU, the seller after all fees are deducted. You can then put it in your bank (or wired there) and have it available to buy your next home.
Timing the sale and purchase can be problematical, or you have to move to temporary quarters.When you sell your home do you have the money available in your bank account to use to buy a new home?
on the day of settlement, you will walk out with a check for all your profit on the home. Or you can have it wired to your bank. I would do this. It would be available that same day.
it is very doubtful that any money you receive from the sale of the first house will be enough to buy the new one
unless, of course, it is a fully paid house and of good market value
Does anyone know how/where to get a legitmate unsecured loan with very bad credit?
I need to save my house, made a very bad decision a couple of months ago. Now my credit is ruined and I am about to lose my house. I can afford my mortgage now, but need a loan of 10k to make it happen. Any legitimate help would be greatly appreciated.Does anyone know how/where to get a legitmate unsecured loan with very bad credit?
This will be very very difficult now due to tightened requirements in the mortgage industry. You may have to sell your car or other possessions to get you through this time.
An unsecured loan with bad credit may only be available at this time from Tony Soprano.Does anyone know how/where to get a legitmate unsecured loan with very bad credit?
I am contacting you in respect of your question needing a loanTry Richards Loan Agency,I got a business loan of $156,000 from them with bad credit.
They should be able to help.
contact them via email,richards_loan_agency@yahoo.com
Corrine
This will be very very difficult now due to tightened requirements in the mortgage industry. You may have to sell your car or other possessions to get you through this time.
An unsecured loan with bad credit may only be available at this time from Tony Soprano.Does anyone know how/where to get a legitmate unsecured loan with very bad credit?
I am contacting you in respect of your question needing a loanTry Richards Loan Agency,I got a business loan of $156,000 from them with bad credit.
They should be able to help.
contact them via email,richards_loan_agency@yahoo.com
Corrine
How do we go about getting a FHA loan?
Me and my sister is looking to buy a house together. We both have bad credit due to the past but enough money for a mortgage. Estimating $75,000/yearly. Right now, were clue less as to which direction to turn. Do we try and get approved for a loan first, then find a house? A little help please! Also, what are the qualifications for a FHA loan? With our bad credit history, what are the chances of getting approved?How do we go about getting a FHA loan?
You should first get pre-approved first so that way you know how much house you can afford then you can start looking. To get approved for a FHA loan you need a min score of 580 and 3.5% down payment. You should get approved.How do we go about getting a FHA loan?
If your credit is bad, you are not yet ready to own your own home. Buying a house with your sister is also a bad idea. What will happen when one of you loses her job, or decides to get married, or move? The other person is completely responsible for the rest of the loan for 30 years. If you are ';clueless'; like you say you are, that's a clue for not getting into a situation that you can't get out of later.
Save your extra money and work on your credit, both of you!!!!
You should first get pre-approved first so that way you know how much house you can afford then you can start looking. To get approved for a FHA loan you need a min score of 580 and 3.5% down payment. You should get approved.How do we go about getting a FHA loan?
If your credit is bad, you are not yet ready to own your own home. Buying a house with your sister is also a bad idea. What will happen when one of you loses her job, or decides to get married, or move? The other person is completely responsible for the rest of the loan for 30 years. If you are ';clueless'; like you say you are, that's a clue for not getting into a situation that you can't get out of later.
Save your extra money and work on your credit, both of you!!!!
How do I calculate a loan for a sale on contract?
We have a house that we bought to rehab and sell. The idea was to make a profit, but it is not working out that way, real estate values have gone down, etc. Now, we just want to sell the house and get out from under the payments we have. We are trying to sell on contract, and I need to find a way to calculate the payment, using simple interest, on a 12 mo contract with the balance to be paid off after 1 yr. We also want to allow the buyer to accumulate a down pmt to help get a mortgage. Can anyone help me with this.How do I calculate a loan for a sale on contract?
It sounds like you have a buyer who can't get a loan right now. Most sellers would offer the house on a lease option where the ';buyer'; gives you a higher than normal deposit which you hold as security that he/she will buy in 12 months when he can get a loan and you lease the property to him during the 12 months. If the ';buyer'; secures a loan after 12 months the deposit given to you would be applied to his down payment, but if he failed to secure the loan he would lose it to you completely.
It sounds like you have a buyer who can't get a loan right now. Most sellers would offer the house on a lease option where the ';buyer'; gives you a higher than normal deposit which you hold as security that he/she will buy in 12 months when he can get a loan and you lease the property to him during the 12 months. If the ';buyer'; secures a loan after 12 months the deposit given to you would be applied to his down payment, but if he failed to secure the loan he would lose it to you completely.
What can I do to break my lease without getting sued for the remainer of the rent?
I leased a loft in September of 2006 because I just broke up with my fiance and I needed a place to live. I was going to buy a place but my trusty mortgage broker was no help. I had the money for this place at the time but my situation has changed and I can barely pay the rent every month. I got approved for a loan and the payment is 1/2 of what I am paying in rent every month. My question is: How can I get out of this lease without having to pay the remainder of the rent until October? I heard from someone that there is a law in MO that a lessor has to let you out of a lease if you buy a home....I don't know if this is true or not. Does anyone know?What can I do to break my lease without getting sued for the remainer of the rent?
First, check your lease for out clauses. Was the landlord negligent or was there a clause which indicates that you only have to pay one months rent to get out of the lease? If not, you can try negotiating with the landlord. If he is able to re-lease it quickly, he may give you a break, even though he doesn't have to. Let him know your situation and if you are truly buying a house, throw that in as well (but don't lie - he could find out and sue you). A landlord would rather negotiate an out and look for another tenant that is able to pay rather than risk letting you stay there and run the risk of missing payments because you skipped town or went bankrupt.What can I do to break my lease without getting sued for the remainer of the rent?
No, there's no law like that-- it would screw over a lot of landlords that depend on rent.
Most of the time you can get out of leases with giving up your deposit and paying an extra months' rent.
By law, your landlord is required to try and re-rent the property to minimize your losses, if you cant just forfeit the deposit. If he's able to rent it within a month of you moving out, you're only liable for that month's rent.
Just because you buy a home doesn't mean your landlord has to cancel the lease, unless you are a member of the military moving under government orders.
What is the local rental situation in your community? If the landlord could rent out your loft today, could he charge a higher rent? If so, the landlord may be willing to cancel the lease (be sure to get it in writing).
Someone else mentioned subletting, but that requires the landlord's approval AND you are still obligated for the lease, including any damages by your tenant.
There is absolutely no clause anywhere that says you can break a lease to buy a house.
What you can do to TRY and get out of the lease is to run advertisements and show your own unit and find them a suitable replacement tenant. You might have to pay for lost rent between your move out and their move in--don't sublease, just have the new tenant do a new lease with the landlord. It is not their problem, it's your problem, but if you find someone and it's barely any extra work for them and you aren't a pain in their butt, they might let you out of your lease.
Hmm. . .I've never heard of such a law, but I am not from MO, so it's possible. . . .Maybe bring your lease contract to a lawyer and tell him the situation. . .Or of course try to negotiate with the landlords. Maybe if you can find someone to lease in your place then it wouldn't matter? Sorry I couldn't be more help.
Try subleasing it to someone ..they can take over your lease.
It doesn't hold true in California, but, maybe in MO. Just give a call to your local Board of Realtors. They should be able to answer the question in a heartbeat.
First, check your lease for out clauses. Was the landlord negligent or was there a clause which indicates that you only have to pay one months rent to get out of the lease? If not, you can try negotiating with the landlord. If he is able to re-lease it quickly, he may give you a break, even though he doesn't have to. Let him know your situation and if you are truly buying a house, throw that in as well (but don't lie - he could find out and sue you). A landlord would rather negotiate an out and look for another tenant that is able to pay rather than risk letting you stay there and run the risk of missing payments because you skipped town or went bankrupt.What can I do to break my lease without getting sued for the remainer of the rent?
No, there's no law like that-- it would screw over a lot of landlords that depend on rent.
Most of the time you can get out of leases with giving up your deposit and paying an extra months' rent.
By law, your landlord is required to try and re-rent the property to minimize your losses, if you cant just forfeit the deposit. If he's able to rent it within a month of you moving out, you're only liable for that month's rent.
Just because you buy a home doesn't mean your landlord has to cancel the lease, unless you are a member of the military moving under government orders.
What is the local rental situation in your community? If the landlord could rent out your loft today, could he charge a higher rent? If so, the landlord may be willing to cancel the lease (be sure to get it in writing).
Someone else mentioned subletting, but that requires the landlord's approval AND you are still obligated for the lease, including any damages by your tenant.
There is absolutely no clause anywhere that says you can break a lease to buy a house.
What you can do to TRY and get out of the lease is to run advertisements and show your own unit and find them a suitable replacement tenant. You might have to pay for lost rent between your move out and their move in--don't sublease, just have the new tenant do a new lease with the landlord. It is not their problem, it's your problem, but if you find someone and it's barely any extra work for them and you aren't a pain in their butt, they might let you out of your lease.
Hmm. . .I've never heard of such a law, but I am not from MO, so it's possible. . . .Maybe bring your lease contract to a lawyer and tell him the situation. . .Or of course try to negotiate with the landlords. Maybe if you can find someone to lease in your place then it wouldn't matter? Sorry I couldn't be more help.
Try subleasing it to someone ..they can take over your lease.
It doesn't hold true in California, but, maybe in MO. Just give a call to your local Board of Realtors. They should be able to answer the question in a heartbeat.
Help, my husband left and now i can not afford to pay our mortgage on our house, how long do i have before?
i get put out by foreclosure, the house is up for sale with a Realtor (coldwell banker), loan is with hsbc mortgage. (we were able to afford it easily with both paychecks and had agreed to stay together until it sold, but he just left me and my son stranded).Help, my husband left and now i can not afford to pay our mortgage on our house, how long do i have before?
Time to get creative!
(1) Get an attorney immediately and start your divorce. You are entitled to child support and the DA will issue a wage assignment so you get paid FIRST out of your husband's paycheck.
(2) Apply for aid/public assistance if you believe you qualify.
(3) Will the market support rents equal to your house payment? If so you might think about renting out the house and cover the mortgage.
(4) Is it possible to rent out some of the rooms in your home to college sudents? Their parents usually pay their rent for them. You could move your son into your room until you get your situation resolved.
(5) Have your Realtor help you with a loan modification.
(6) Last resort....do not go into foreclosure. Talk to your Realtor about helping you with a Deed-In-Lieu of foreclosure.
Your Realtor is your BEST resource for answers. Price your home to SELL. You want to be in the top 3 best-priced homes in your neighborhood so you are on everyone's showing list. I don't know your equity situation, but if selling your home at a price that is less than what you owe, you can easily negotiate a short-sale with your bank under your present circumstances.
I hope I've helped you out a little bit. I feel your pain! I've been in your shoes....almost exactly and I did lose my home. It was before I became a Realtor and didn't know my options! Hang in there Kiddo. There are brighter days ahead and worse things than losing a home.Help, my husband left and now i can not afford to pay our mortgage on our house, how long do i have before?
Is the home priced for todays markets or are you holding out for a profit? Have you talked to your mortgage institution about a short sale, deed in lieu or other options? You might even have trouble renting with a foreclosure on your record? Has it gone into foreclosure yet?
With some states the process is very quick, done and over with but with others this process can be dragged out for a year (maybe even more) with the rights of redemptions available even after the foreclosure is done.
Your agent should be able to let you know what the process is for your area and the foreclosure process. But check into a short sale or deed in lieu and then get out and find a place to start your new life BELORE either of those hit your credit record if that might be an issue at this point.
EDIT: Sorry, I read some of your other questions. You seem like a good mother and I hope your son gets into wildlife mgmt..
But anyway, yes - your headed for a forclosure. OBama's plan will not help people that can't afford what they have. So, either get another job or try to get the rate reduced. Good luck to you and your son.
If you have an extra bedroom, try renting it out for extra money.computer protection default myspace
Time to get creative!
(1) Get an attorney immediately and start your divorce. You are entitled to child support and the DA will issue a wage assignment so you get paid FIRST out of your husband's paycheck.
(2) Apply for aid/public assistance if you believe you qualify.
(3) Will the market support rents equal to your house payment? If so you might think about renting out the house and cover the mortgage.
(4) Is it possible to rent out some of the rooms in your home to college sudents? Their parents usually pay their rent for them. You could move your son into your room until you get your situation resolved.
(5) Have your Realtor help you with a loan modification.
(6) Last resort....do not go into foreclosure. Talk to your Realtor about helping you with a Deed-In-Lieu of foreclosure.
Your Realtor is your BEST resource for answers. Price your home to SELL. You want to be in the top 3 best-priced homes in your neighborhood so you are on everyone's showing list. I don't know your equity situation, but if selling your home at a price that is less than what you owe, you can easily negotiate a short-sale with your bank under your present circumstances.
I hope I've helped you out a little bit. I feel your pain! I've been in your shoes....almost exactly and I did lose my home. It was before I became a Realtor and didn't know my options! Hang in there Kiddo. There are brighter days ahead and worse things than losing a home.Help, my husband left and now i can not afford to pay our mortgage on our house, how long do i have before?
Is the home priced for todays markets or are you holding out for a profit? Have you talked to your mortgage institution about a short sale, deed in lieu or other options? You might even have trouble renting with a foreclosure on your record? Has it gone into foreclosure yet?
With some states the process is very quick, done and over with but with others this process can be dragged out for a year (maybe even more) with the rights of redemptions available even after the foreclosure is done.
Your agent should be able to let you know what the process is for your area and the foreclosure process. But check into a short sale or deed in lieu and then get out and find a place to start your new life BELORE either of those hit your credit record if that might be an issue at this point.
EDIT: Sorry, I read some of your other questions. You seem like a good mother and I hope your son gets into wildlife mgmt..
But anyway, yes - your headed for a forclosure. OBama's plan will not help people that can't afford what they have. So, either get another job or try to get the rate reduced. Good luck to you and your son.
If you have an extra bedroom, try renting it out for extra money.
Just saw the headline today Fed moves to help distressed homeowners?
Under this program the fed has several options to provide relief, including lowering the amount the homeowner owes on the mortgage reducing the interest rate. I have owned my home %26amp; paid ontime every month. Do I get any form of assistance, can my mortgage amount be lowered. What do I get? Do I just keep giving my tax dollar away to help those with bad mortgages by lowerring how much they owe. This can't be right, Is this what happens to my tax dollar?Just saw the headline today Fed moves to help distressed homeowners?
Those who get assistace are not completely out of the woods. They get to keep their homes, but their credit ratings take a hit.
To even qualify, you must be 90+ days delinquent. The risky part is, if you try to do this intentionally (don't pay for three months) and do not qualify, you could lose your home.
I've considered this to be not a great policy myself, since some people will always learn to manipulate the system, but after looking at some of the specifics - it doesn't seem as bad as I originally thought. I figure a handful of people will get away with something anywayJust saw the headline today Fed moves to help distressed homeowners?
Yeah, it does suck, big time. I understand that it's really helping the banks out by preventing those people from defaulting on their mortgages and more houses that can't be liquidated going back to the banks and tying up their funds so they can't lend. It's just unfortunate that honest people who didn't willfully buy houses they couldn't afford get the short end of the stick.
the FED helping? yeah right they just doubled our money supply in 1 year. We will have HUGE inflation, which I guess could help out debtors because its easier to pay down debt when inflation is in the 100% range.
No, you and I get nothing. We just keep forking over dollars to give to the irresponsible people in society. It sucks.
that Federer is such a great guy
Those who get assistace are not completely out of the woods. They get to keep their homes, but their credit ratings take a hit.
To even qualify, you must be 90+ days delinquent. The risky part is, if you try to do this intentionally (don't pay for three months) and do not qualify, you could lose your home.
I've considered this to be not a great policy myself, since some people will always learn to manipulate the system, but after looking at some of the specifics - it doesn't seem as bad as I originally thought. I figure a handful of people will get away with something anywayJust saw the headline today Fed moves to help distressed homeowners?
Yeah, it does suck, big time. I understand that it's really helping the banks out by preventing those people from defaulting on their mortgages and more houses that can't be liquidated going back to the banks and tying up their funds so they can't lend. It's just unfortunate that honest people who didn't willfully buy houses they couldn't afford get the short end of the stick.
the FED helping? yeah right they just doubled our money supply in 1 year. We will have HUGE inflation, which I guess could help out debtors because its easier to pay down debt when inflation is in the 100% range.
No, you and I get nothing. We just keep forking over dollars to give to the irresponsible people in society. It sucks.
that Federer is such a great guy
I have a Real Estate License in CA, but I want to work with mortgages?
I have had about 6 months of R.E experience. But I want to work with mortgages. I don't know how to get into that field. I want to work my way up of course, but what exactly is ';Entry Level'; in the mortgage industry? I'm 20 and want to succeed in this business. Please Help? Thank You for your time.I have a Real Estate License in CA, but I want to work with mortgages?
There are financial company that does both. I would do some research on that and choose the best company. Talk to people who are doing both.I have a Real Estate License in CA, but I want to work with mortgages?
Pretty weird that you've got a real estate license but you can't figure out how to do mortgage work.
Maybe, like, go to a bank and start out as a teller?
i wish i could help you but i have no ideas. i wish you good luck.
There are financial company that does both. I would do some research on that and choose the best company. Talk to people who are doing both.I have a Real Estate License in CA, but I want to work with mortgages?
Pretty weird that you've got a real estate license but you can't figure out how to do mortgage work.
Maybe, like, go to a bank and start out as a teller?
i wish i could help you but i have no ideas. i wish you good luck.
How do I get my Housing Association to buy my share of the property?
I bought a 60% share in a local housing association property in Blackley, Manchester, seven years ago. Since then, due to the cosntruction company laying the wrong pipes, my house has flooded three times - leaving me homeless each time. I'm desperate to sell because I can no longer meet my mortgage payments, but am having trouble. The association have finally admitted liability for not properly overseeing the building work and are going to put it right. This involves major work through my garden involving the siting of a holding tank and control box for a pumping station to deal with the drainage problems. Does anyone know of a way I can pressure the association into purchasing my 60% share? They know I cannot pay my rent to them, or my mortgage, because of an unexpected illness and that selling is going to be very difficult. If anybody can help me with this problem, I would be most grateful. Many, many thanks in advance.How do I get my Housing Association to buy my share of the property?
Don't ask on here my friend you need to seek legal advice start by contacting your local Citizens Advice BureauHow do I get my Housing Association to buy my share of the property?
yes i would say so
Don't ask on here my friend you need to seek legal advice start by contacting your local Citizens Advice BureauHow do I get my Housing Association to buy my share of the property?
yes i would say so
How do I get a potential client to talk with me?
I have a new business and need to do some face to face marketing to businesses to bring in clients. My specialty is not marketing. When I walk in their door what is the best approach to use to get them to talk with me so they don't just turn me away? A good opening line would be helpful too. My business is offering mortgage loan processing services to mortgage brokerage firms. Thanks in advance for your advice and help.How do I get a potential client to talk with me?
You will have to 'qualify' your potential clients. For instance, if you sell gravel, you will instantly disqualify pillow makers. Ok?
In order to not waste time/resources, you should have an idea of who uses your product. An introductory letter is a perfectly legitimate and logical way to present yourself and your product.
Use pictures, make it attractive.
So. I make concrete and I see by your letter that you sell gravel. Fine. You're over hurdle one.
Now convince me that your gravel is a) going to make my concrete better, b) going to make my business more profitable, c) going to make my life (and work) easier, d) bring me great success.
Skip everything else. For now.
Follow up with a phone call which includes a brief synopsis of your letter and (this is the hard part) ask them directly for a meeting.
Don't hint, don't fiddle. ';May I make an appointment with you to go over the wonderful things I can do for you?'; Be direct. Be firm. Be convinced that your gravel WILL INDEED benefit this client.
';Lines';, tricks, and bulldozer-style personal presentations (where you charge ahead with your script and never actually TALK to the client) are going to fail. Listen carefully. Repeat your strong points, and probe for their questions.
It may be as simple as ';can you take payment 30-days from delivery?'; ';Can you deliver on 2 hours notice?'; Or something that you could never anticipate!
There's more, but... well. You've got the idea!
Go get 'em!
Best wishesHow do I get a potential client to talk with me?
Just ask the person if you can take couple minutes of his/her time to discuss mortgage loans and leave him/her some information about your company with your business card.
The key is to reposition yourself as an expert and trusted advisor. Once you do that, people will want to do to business on your terms and you won't have to be dictated by your buyers.
I encourage you to read both: Dan Kennedy and Mal Emery materials to totally reinnovate and reengineer the whole sales and marketing process so that you can achieve what you want.
Visit us at:
http://www.create-the-best.com/mortgagecompanydirectmail.html
www.create-the-best.com
Email us at:
createthebest01@yahoo.com
Start with any people that you know already. I think it is also important to listen to your potential customers. Ask them what type of loan processing services they need, and then respond with a pitch pointing out how you provide these features.
Maybe try online advertising such as Google AdWords or Yahoo Search Marketing to get targeted traffic to your website?
you can find potential client to talk with me at http://www.indyapage.com and for all business
You will have to 'qualify' your potential clients. For instance, if you sell gravel, you will instantly disqualify pillow makers. Ok?
In order to not waste time/resources, you should have an idea of who uses your product. An introductory letter is a perfectly legitimate and logical way to present yourself and your product.
Use pictures, make it attractive.
So. I make concrete and I see by your letter that you sell gravel. Fine. You're over hurdle one.
Now convince me that your gravel is a) going to make my concrete better, b) going to make my business more profitable, c) going to make my life (and work) easier, d) bring me great success.
Skip everything else. For now.
Follow up with a phone call which includes a brief synopsis of your letter and (this is the hard part) ask them directly for a meeting.
Don't hint, don't fiddle. ';May I make an appointment with you to go over the wonderful things I can do for you?'; Be direct. Be firm. Be convinced that your gravel WILL INDEED benefit this client.
';Lines';, tricks, and bulldozer-style personal presentations (where you charge ahead with your script and never actually TALK to the client) are going to fail. Listen carefully. Repeat your strong points, and probe for their questions.
It may be as simple as ';can you take payment 30-days from delivery?'; ';Can you deliver on 2 hours notice?'; Or something that you could never anticipate!
There's more, but... well. You've got the idea!
Go get 'em!
Best wishesHow do I get a potential client to talk with me?
Just ask the person if you can take couple minutes of his/her time to discuss mortgage loans and leave him/her some information about your company with your business card.
The key is to reposition yourself as an expert and trusted advisor. Once you do that, people will want to do to business on your terms and you won't have to be dictated by your buyers.
I encourage you to read both: Dan Kennedy and Mal Emery materials to totally reinnovate and reengineer the whole sales and marketing process so that you can achieve what you want.
Visit us at:
http://www.create-the-best.com/mortgagecompanydirectmail.html
www.create-the-best.com
Email us at:
createthebest01@yahoo.com
Start with any people that you know already. I think it is also important to listen to your potential customers. Ask them what type of loan processing services they need, and then respond with a pitch pointing out how you provide these features.
Maybe try online advertising such as Google AdWords or Yahoo Search Marketing to get targeted traffic to your website?
you can find potential client to talk with me at http://www.indyapage.com and for all business
How can I get my lender to agree on a forbearance agreement to avoid a foreclosure on a 60 days late???
My wife went through a serious medical problem and the insurance did not cover the cost of the medical bills. We were unable to pay our mortgage, now it is almost 60 days late. We are worried and facing a foreclosure. How can we avoid it? Can the lender help with a back pay or add the back pay on our existing loan or modify our loan??? Has anyone been in this situation, please advice. Thanks.How can I get my lender to agree on a forbearance agreement to avoid a foreclosure on a 60 days late???
Why didn't u just be late with the medical bills instead of he house note.
You can try getting your loan restructured but considering how late u are it might be difficult or impossible.
Why didn't u just be late with the medical bills instead of he house note.
You can try getting your loan restructured but considering how late u are it might be difficult or impossible.
How can I get my credit build up if no one will give me a credit card to begin with?
How can I get my credit build up if no one will give me a credit card to begin with? I have never had a credit card, I bought a home and I have been paying mortgage on time. Will that help my credit? I do have doctor bills on my credit report, any ideas as to how I can get rid of them without costing me a arm and leg.How can I get my credit build up if no one will give me a credit card to begin with?
Like the other users said, you could get a secured credit card; however, you really want to stay away from credit cards period! They are bad news; if you ever have hard times, they will pursue you relentlessly and even sue you if you can't pay. Like someone else said, get a debit card with a VISA/Mastercard logo. There's no need to even have a credit card if you do this. I will never have another credit card after all I've been through with the different companies. By the way, Capital One is the worst. They'll give you a card easily enough, but if you ever get behind, they will not work with you and won't settle out for a lesser amount to close the account. They also like to sue. This is how they pay for their expensive TV commercials. This is just my experience with them. Keep your life less complicated and just stay away from credit cards altogether.How can I get my credit build up if no one will give me a credit card to begin with?
Absolute best way is with secured cards! Usually once you get approved for one, as long as you don't go crazy with it, within a few months you'll be able to get unsecured cards, although for your first 1 or 2 there will probably be an annual fee. If you are a student, look into student cards, which usually don't have annual fees, and you don't have to secure them, but they have a little higher interest rates.
If you want to find the best way to start, Google ';credit cards'; and you'll find a couple of sights that will help you find the best card for you to get started with. Be patient, give it time, you'll get there.
Those doctor bills will be hurting your credit for about 7 years. How much are they? If they are just a thousand or so you might try to make arrangements to get them paid off. When paid off ask the hospital/doctor to write letter to the credit bureaus stating that you paid them off. Get copy of letter for your records.
Paying hose note on time will help your credit score.
Try to change spending habits and cut your budget by $200 a month. Put that $200 in saving account. As you build up that account you can get a prepaid credit card. Say for $500 limit. As you charge things you pay it off. The bank knows they have the cash in case you do not pay. It will help build up your score. Keep saving the $200 a month, it is a good way to build up an emergency fund. Having a house there is always an emergency that needs to be fixed.
Use credit only when you have to. Pay cash when you can. Do not have the ';I have to have this now'; attitude. Save for things.
You can't get ';rid'; of things on your credit report unless they are mistakes so look closely at them. Try applying for an easy credit card like Orchard, Capital One or HSBC. To be honest you don't need a credit card... get a debit card with visa/mc logo or a secured card. Why do you have the need to pay interest and annual fees??? If you have a home, you don't need to go further in debt. Most people build credit for homes and cars not for credit cards. You're in a good spot paying cash for what you want. Why blow it???
there are a couple of ways you could start building credit, you could get a small personal loan which you might need a cosigner or the best way will be getting a credit cards, you could get a credit card and use it for your every day expenses but make sure you pay in full at the end of the month that way it will show pay in full everytime the credit card company reports to the credit beuros. At the begining you will only be approved for the lower end credit cards but once you build credit in about 6-9 months you should be able to apply for a better card with better benefits such as free miles or cash back. Check out www.fastcardapprovals.com or fastcreditcardapprovals.com and go under bad credit section and you will find a few choices. Unless you are a student then apply for a student credit card this cards have no annual fee and lower rates.
http://www.fastcardapprovals.com/Bad-Cre...
http://fastcreditcardapprovals.com/
you can get a high interest rate credit card and probably have to pay a fee an annual fee ($29-$59 usually) it will probably have a lower balance. Do that to establish a good credit history. check with capitol one. Not sure about the medical bills. good luck!
You may have to do a secured loan or get a secured credit card. I did mine through my credit union. I have also read that department store cards and gas cards are a good way to build credit. You may get a low credit limit, but over time you'll receive increases.
You can get a secured card....you send them $300 or so...they keep your money in an account...you charge and pay your bill on time. Good luck on the doctor bills. You might try to send them small payments and see if that keeps them off your back.computer protection default myspace
Like the other users said, you could get a secured credit card; however, you really want to stay away from credit cards period! They are bad news; if you ever have hard times, they will pursue you relentlessly and even sue you if you can't pay. Like someone else said, get a debit card with a VISA/Mastercard logo. There's no need to even have a credit card if you do this. I will never have another credit card after all I've been through with the different companies. By the way, Capital One is the worst. They'll give you a card easily enough, but if you ever get behind, they will not work with you and won't settle out for a lesser amount to close the account. They also like to sue. This is how they pay for their expensive TV commercials. This is just my experience with them. Keep your life less complicated and just stay away from credit cards altogether.How can I get my credit build up if no one will give me a credit card to begin with?
Absolute best way is with secured cards! Usually once you get approved for one, as long as you don't go crazy with it, within a few months you'll be able to get unsecured cards, although for your first 1 or 2 there will probably be an annual fee. If you are a student, look into student cards, which usually don't have annual fees, and you don't have to secure them, but they have a little higher interest rates.
If you want to find the best way to start, Google ';credit cards'; and you'll find a couple of sights that will help you find the best card for you to get started with. Be patient, give it time, you'll get there.
Those doctor bills will be hurting your credit for about 7 years. How much are they? If they are just a thousand or so you might try to make arrangements to get them paid off. When paid off ask the hospital/doctor to write letter to the credit bureaus stating that you paid them off. Get copy of letter for your records.
Paying hose note on time will help your credit score.
Try to change spending habits and cut your budget by $200 a month. Put that $200 in saving account. As you build up that account you can get a prepaid credit card. Say for $500 limit. As you charge things you pay it off. The bank knows they have the cash in case you do not pay. It will help build up your score. Keep saving the $200 a month, it is a good way to build up an emergency fund. Having a house there is always an emergency that needs to be fixed.
Use credit only when you have to. Pay cash when you can. Do not have the ';I have to have this now'; attitude. Save for things.
You can't get ';rid'; of things on your credit report unless they are mistakes so look closely at them. Try applying for an easy credit card like Orchard, Capital One or HSBC. To be honest you don't need a credit card... get a debit card with visa/mc logo or a secured card. Why do you have the need to pay interest and annual fees??? If you have a home, you don't need to go further in debt. Most people build credit for homes and cars not for credit cards. You're in a good spot paying cash for what you want. Why blow it???
there are a couple of ways you could start building credit, you could get a small personal loan which you might need a cosigner or the best way will be getting a credit cards, you could get a credit card and use it for your every day expenses but make sure you pay in full at the end of the month that way it will show pay in full everytime the credit card company reports to the credit beuros. At the begining you will only be approved for the lower end credit cards but once you build credit in about 6-9 months you should be able to apply for a better card with better benefits such as free miles or cash back. Check out www.fastcardapprovals.com or fastcreditcardapprovals.com and go under bad credit section and you will find a few choices. Unless you are a student then apply for a student credit card this cards have no annual fee and lower rates.
http://www.fastcardapprovals.com/Bad-Cre...
http://fastcreditcardapprovals.com/
you can get a high interest rate credit card and probably have to pay a fee an annual fee ($29-$59 usually) it will probably have a lower balance. Do that to establish a good credit history. check with capitol one. Not sure about the medical bills. good luck!
You may have to do a secured loan or get a secured credit card. I did mine through my credit union. I have also read that department store cards and gas cards are a good way to build credit. You may get a low credit limit, but over time you'll receive increases.
You can get a secured card....you send them $300 or so...they keep your money in an account...you charge and pay your bill on time. Good luck on the doctor bills. You might try to send them small payments and see if that keeps them off your back.
How can I help my daughter buy her first home?
My wife and I want to help our daughter and her husband buy a home. They currently have poor credit and even with us providing the downpayment, they could not get a mortgage themselves. We thought we'd buy the house and let them gradually buy it from us. How can we set this up? Lease w/ option to buy? What about improvements they make to the property?How can I help my daughter buy her first home?
One of our biggest mistakes in our almost 30 yr marriage was letting my spouse's parents help us buy our first home. It ended up costing us thousands, after we moved 2 yrs after purchase and had to rent the home out instead of selling just to keep up with the mortgage payments.
While their intentions were ';well-meaning'; it was poor financial planning on our part and selfish on their part, to be involved in something so personal that we couldn't afford.
They probably want your help, we did back then, but do not realize that saving for a home is much better planning than rushing into something they may not want.
You are their parents, do you really want to become their landlord %26amp; mortgage broker? Money ruins family relationships....How can I help my daughter buy her first home?
Buying the house would help them.
Get them to pay you guys the installment on a legal document.
You can still be the owners and you can decide whether you want to gift it to them or their children later on or even sell it.
I would advise against this. I have seen so many plans like this falter and fail. If you do decide to purchase the house and rent it to them do you plan on keeping it in your name until they completely pay it off or not? You don't need any specific plans for how they pay it off on paper unless you think they might not be able to pay one day in the future which is why I'd keep it in your name until they completely pay it off. That way if they stop paying or can't pay you won't have trouble getting them out of the house. If they make improvements it won't effect anything until you or they go to sell it again (hopefully) years from now. And unless the improvements add to the heated square footage of the house it won't add to the retail value of the house anyway. It would make it more desirable and help it sell faster but wouldn't add to the value without more heated area square footage. This is always a risky situation and I understand you are trying to help them which is nice. Is it not an option to help them regain their credit to let them eventually purchase a home by themselves? This is a safer option.
not knowing much about realestatel,i would ask an atty or cpa familar with real estate., and ask if we could put house in both family names. my wife and i should be able to pay for the improvements.my wife and i could make an annual gift to each one of them.lf we kept some onership of the house, we could pay the mortgage.and taxes; and take tax deduction on them.I would first check out with CPA .
You can get the mortgage and let them repay it little by little. It's the easiest solution. In Italy it's easier this way...simply because the documents and guarantees they ask are horrendous!!! I don't know about your country.
For the home improvement...maybe they can get a loan, since it's a smaller amount.
Also, for home improvement you can save by doing a few things yourself. It won't be perfect...but there's more satisfaction when you make something all together. And you'll get to spend more time together!!!
Just let them find their own place that they can afford with their own money.
First off. Be Careful.
But you might want to do a option to buy contract with her. Buy the house, and have your attorney draw up a 24-26 month contract. Make sure the lease amount per month is the amount of the mortgage or slightly more. Then when they go in to the bank for the loan they can show a successful payment history in the amount of the up coming loan.
Make sure you have an attorney draw up and review the paper work. You don't want this to come back and hurt you financially.
Good Luck
Both your daughter and son-in-law should have strong future credit like a proof of bank statement and conformation job so in future you won't have problerm gradually selling the house to them.
what ever you do....DON'T CO-SIGN...
Would you take the mortgage and just have them pay you the monthly payments? That was the first thing that came into my mind, but it wouldn't help them establish good credit for themselves. That is a conundrum.
One of our biggest mistakes in our almost 30 yr marriage was letting my spouse's parents help us buy our first home. It ended up costing us thousands, after we moved 2 yrs after purchase and had to rent the home out instead of selling just to keep up with the mortgage payments.
While their intentions were ';well-meaning'; it was poor financial planning on our part and selfish on their part, to be involved in something so personal that we couldn't afford.
They probably want your help, we did back then, but do not realize that saving for a home is much better planning than rushing into something they may not want.
You are their parents, do you really want to become their landlord %26amp; mortgage broker? Money ruins family relationships....How can I help my daughter buy her first home?
Buying the house would help them.
Get them to pay you guys the installment on a legal document.
You can still be the owners and you can decide whether you want to gift it to them or their children later on or even sell it.
I would advise against this. I have seen so many plans like this falter and fail. If you do decide to purchase the house and rent it to them do you plan on keeping it in your name until they completely pay it off or not? You don't need any specific plans for how they pay it off on paper unless you think they might not be able to pay one day in the future which is why I'd keep it in your name until they completely pay it off. That way if they stop paying or can't pay you won't have trouble getting them out of the house. If they make improvements it won't effect anything until you or they go to sell it again (hopefully) years from now. And unless the improvements add to the heated square footage of the house it won't add to the retail value of the house anyway. It would make it more desirable and help it sell faster but wouldn't add to the value without more heated area square footage. This is always a risky situation and I understand you are trying to help them which is nice. Is it not an option to help them regain their credit to let them eventually purchase a home by themselves? This is a safer option.
not knowing much about realestatel,i would ask an atty or cpa familar with real estate., and ask if we could put house in both family names. my wife and i should be able to pay for the improvements.my wife and i could make an annual gift to each one of them.lf we kept some onership of the house, we could pay the mortgage.and taxes; and take tax deduction on them.I would first check out with CPA .
You can get the mortgage and let them repay it little by little. It's the easiest solution. In Italy it's easier this way...simply because the documents and guarantees they ask are horrendous!!! I don't know about your country.
For the home improvement...maybe they can get a loan, since it's a smaller amount.
Also, for home improvement you can save by doing a few things yourself. It won't be perfect...but there's more satisfaction when you make something all together. And you'll get to spend more time together!!!
Just let them find their own place that they can afford with their own money.
First off. Be Careful.
But you might want to do a option to buy contract with her. Buy the house, and have your attorney draw up a 24-26 month contract. Make sure the lease amount per month is the amount of the mortgage or slightly more. Then when they go in to the bank for the loan they can show a successful payment history in the amount of the up coming loan.
Make sure you have an attorney draw up and review the paper work. You don't want this to come back and hurt you financially.
Good Luck
Both your daughter and son-in-law should have strong future credit like a proof of bank statement and conformation job so in future you won't have problerm gradually selling the house to them.
what ever you do....DON'T CO-SIGN...
Would you take the mortgage and just have them pay you the monthly payments? That was the first thing that came into my mind, but it wouldn't help them establish good credit for themselves. That is a conundrum.
How to fight Australian the reserve bank and interest rates?
How do you fight a banking regime like the reserve bank and other banking instutions that do nothing but take ?Do you think that a national vote against the politically elected governor of the reserve bank will help ?I think it could help everyone with a mortgage in australian ?The vote is stronger than the government and the interest rate can allow australian citizens money in there pockets and what do you think ?I think australia needs new public speakers to get the message to the not so educated and working class that feed the business , commom wealth and states of australia ?Do you think the ceasars of this period in time need to be shaken from there tall throwns?How to fight Australian the reserve bank and interest rates?
I think you have little understanding as to how your central bank has prevented banking crises like the world had for much of the 1800s.How to fight Australian the reserve bank and interest rates?
The idea that the Reserve bank sets interest rates is a myth. Interest rates are ultimately determined by the marketplace. It's a supply and demand thing. All the reserve bank really does is control the money supply to keep inflation at acceptable levels and to stabilise the economy. When the Reserve bank sets interest rates it really just says that it will continue printing money until that rate is achieved. This is hard to explain. You need masters degree to really understand it
I think you have little understanding as to how your central bank has prevented banking crises like the world had for much of the 1800s.How to fight Australian the reserve bank and interest rates?
The idea that the Reserve bank sets interest rates is a myth. Interest rates are ultimately determined by the marketplace. It's a supply and demand thing. All the reserve bank really does is control the money supply to keep inflation at acceptable levels and to stabilise the economy. When the Reserve bank sets interest rates it really just says that it will continue printing money until that rate is achieved. This is hard to explain. You need masters degree to really understand it
Are ';mortgage bankers'; pretty much considered sleazy like used car salesmen?
My husband's background is in computer/hardware/network installaions, support, and maintenance etc. and instead of pursuing his Master's degree in an area like that, or better yet, getting CISSP certified -- he got a job as a mortgage banker for a large lender.
I have my Master's in accounting and I work in financial and IT consulting - how can I become more comfortable with my husband's occupation and not feel like I'm telling people he's basically a used car salesman for loans? Mind you, I'm South Asian, and in our culture, it's usually expected that the man be something really respectable like a doctor, engineer, etc. Please help - no ignorant comments please. I love my husband and am very very very proud of his other accomplishments, how much he loves me and cares for me - I just want to be able to appreciate what he does...Are ';mortgage bankers'; pretty much considered sleazy like used car salesmen?
I don't think I'd call that job 'sleezy', but that's just my opinion. Also, you should worry less about what everyone thinks about your husband's job and worry more about him being happy. If he's happy with his career choice, you should support him, no matter what your 'culture' thinks.Are ';mortgage bankers'; pretty much considered sleazy like used car salesmen?
Bankers do very well, and this is an honorable job. He will also be able to be home more than a doctor to help with the rearing of his children. I do not understand what the problem is. You really have a poor perception of what a mortgage banker is.
Sorry, that does sound like an awful lot of time to put into a job and get a small return for it. I think I would encourage him to find employment someplace else. Tell him it is taking quality time from the two of you. I can understand why you would question his advancement in the job he has.
I have my Master's in accounting and I work in financial and IT consulting - how can I become more comfortable with my husband's occupation and not feel like I'm telling people he's basically a used car salesman for loans? Mind you, I'm South Asian, and in our culture, it's usually expected that the man be something really respectable like a doctor, engineer, etc. Please help - no ignorant comments please. I love my husband and am very very very proud of his other accomplishments, how much he loves me and cares for me - I just want to be able to appreciate what he does...Are ';mortgage bankers'; pretty much considered sleazy like used car salesmen?
I don't think I'd call that job 'sleezy', but that's just my opinion. Also, you should worry less about what everyone thinks about your husband's job and worry more about him being happy. If he's happy with his career choice, you should support him, no matter what your 'culture' thinks.Are ';mortgage bankers'; pretty much considered sleazy like used car salesmen?
Bankers do very well, and this is an honorable job. He will also be able to be home more than a doctor to help with the rearing of his children. I do not understand what the problem is. You really have a poor perception of what a mortgage banker is.
Sorry, that does sound like an awful lot of time to put into a job and get a small return for it. I think I would encourage him to find employment someplace else. Tell him it is taking quality time from the two of you. I can understand why you would question his advancement in the job he has.
How should I start off my path to real estate?
I am 16, and planning on going in real estate because it seems like hard work in that business pays off compared to other places and because I am very persuasive.
When I start my junior year at my high school.. I have about 2 free clases what do you think I should take that will help me with real estate?
I am going to go to ';cal state san bernardino'; after I graduate high school. So what clases do you guys suggest I should take there and what should I major in.. that will ultimately help me with my real estate journey.
Also someone suggested to me I should get insurance..220 license ,real estate, mortgage license? can someone explain to me what all that does?How should I start off my path to real estate?
Check ALLIED real estate school online for info, I got a license from them.How should I start off my path to real estate?
You've got time on your side! being as young as you are you aren't able to invest in real estate or buy a house yet. But it's not too early to do research. Check into what interests you such as commercial or residential real estate, or mortgages. Then, plan your future around your interests. I'm not from your area but check into schools that offer real estate as a major. I recently graduated with a 4-year degree in real estate %26amp; urban land development and am now a residential realtor in the DC/VA area.
Pick how you want to be in real estate. Do you want to become a REALTOR or investor? If REALTOR, align yourself with the most effective sales company around. In Southern California, First Team is the best (they have the best programs to market, attract and close customers.) Also, implement a prospecting system as quickly as possible. Craig Proctor's program is effective as is my own, 4MySales.com.
If you are interested in becomming a real estate investor, try thecreativeinvestor.com. The most successful investors buy property at significant discounts and then sell them at a very big profit. Learn about pre-foreclosure, foreclosure, short-sales, rent to own and other investor programs to make a lot of money without investing any of your own. If you choose this route, find a mentor that has an effective system and learn from them. If you have a sales personality, fortunes can be made investing in this type of real estate. Also, making money through this type of investment just requires tenacity and an understanding of sales. I know a number of millionaires that started investing in real estate in their teens.
-4MySales.com
do you have access to a ymca, some of their seminars offer crash courses first on how to purchase homes and in addition how to sell homes. you only need to be prepared to take notes and they don't cost much. perhaps you see if real estae is something you want to learn for sure. good luck at college.
Buy property/never rent.
2 free classes. sleep. [I'm kidding!] Use this time to prepare yourself to what kind of standards you are looking for in your future investments. Take classes that help you depending on whether you're going to be an agent or a private investor.[not your actual job]. Possibly a speech %26amp;debate type class work on your speaking/ also being able to work with a property's location, etc. is extremely important and you should take research/internet classes possibly, too.
Just do the Donald Trump thing:D
First of all, Cal State SB sucks. Don't go there. Go to CS Fullerton. Hehehe.
A degree is business management will help you. I don't think there's a specific concentration in real state. But you can always ask the business department of the school you choose (fullerton!).
All you'll need is study and take the real estate license exam. It's not hard. But these days, it seems anyone can be realtor. Anyone can do it. You just need to pass the exam, get your license, and build your clientele. You wouldn't need to go to a 4-yr college just for that. But taking business and finance classes will help you in the long run to run your business operations better and more efficiently.
After high school, go to Community College to get your associates degree. While there, take some classes on behavioral psychology, plubic speaking, finance, sociology, marketing and basic Algebra (if needed). They also offer real estate classes you can pick up. Then finish up with either a Bachelors in Business Administration or a MBA at a 4 year.
The more you're able to read and relate to people, speak with or in front of strangers, market a product or fill a need, compute numbers and realize the financial benefit from both short term and long term financing, the more successful you will become.
Good luck and you're right, it is hard work but it is also rewarding in so many ways.
Regards
by selling a house!!!!!!lol
Get out of CSUSB. Look into other schools like Sacramento State University. Cheap rent less crime and same weather..lol. Ok you can start taking community college classes from RCC. I would suggest Econ 1 and 2. Yes you can take this in HighSchool but you'll want the College Credits. Than take accounting and anything small buisness. The time you are about to turn 18 take the Real Estate Principles Class and any class which you need to get into the exam. Than when you turn 18 you can take the class. In the meantime start applying for summer or weeekend jobs with real estate agencies. Find the Top Producer and ask to be his/her assisstant. This will help you learn the in's and out's of Real Estate. Hope this helps and learn Finance of Real Estate it will help you in the long run. Oh btw get out of San Bernardino, CAcomputer protection default myspace
When I start my junior year at my high school.. I have about 2 free clases what do you think I should take that will help me with real estate?
I am going to go to ';cal state san bernardino'; after I graduate high school. So what clases do you guys suggest I should take there and what should I major in.. that will ultimately help me with my real estate journey.
Also someone suggested to me I should get insurance..220 license ,real estate, mortgage license? can someone explain to me what all that does?How should I start off my path to real estate?
Check ALLIED real estate school online for info, I got a license from them.How should I start off my path to real estate?
You've got time on your side! being as young as you are you aren't able to invest in real estate or buy a house yet. But it's not too early to do research. Check into what interests you such as commercial or residential real estate, or mortgages. Then, plan your future around your interests. I'm not from your area but check into schools that offer real estate as a major. I recently graduated with a 4-year degree in real estate %26amp; urban land development and am now a residential realtor in the DC/VA area.
Pick how you want to be in real estate. Do you want to become a REALTOR or investor? If REALTOR, align yourself with the most effective sales company around. In Southern California, First Team is the best (they have the best programs to market, attract and close customers.) Also, implement a prospecting system as quickly as possible. Craig Proctor's program is effective as is my own, 4MySales.com.
If you are interested in becomming a real estate investor, try thecreativeinvestor.com. The most successful investors buy property at significant discounts and then sell them at a very big profit. Learn about pre-foreclosure, foreclosure, short-sales, rent to own and other investor programs to make a lot of money without investing any of your own. If you choose this route, find a mentor that has an effective system and learn from them. If you have a sales personality, fortunes can be made investing in this type of real estate. Also, making money through this type of investment just requires tenacity and an understanding of sales. I know a number of millionaires that started investing in real estate in their teens.
-4MySales.com
do you have access to a ymca, some of their seminars offer crash courses first on how to purchase homes and in addition how to sell homes. you only need to be prepared to take notes and they don't cost much. perhaps you see if real estae is something you want to learn for sure. good luck at college.
Buy property/never rent.
2 free classes. sleep. [I'm kidding!] Use this time to prepare yourself to what kind of standards you are looking for in your future investments. Take classes that help you depending on whether you're going to be an agent or a private investor.[not your actual job]. Possibly a speech %26amp;debate type class work on your speaking/ also being able to work with a property's location, etc. is extremely important and you should take research/internet classes possibly, too.
Just do the Donald Trump thing:D
First of all, Cal State SB sucks. Don't go there. Go to CS Fullerton. Hehehe.
A degree is business management will help you. I don't think there's a specific concentration in real state. But you can always ask the business department of the school you choose (fullerton!).
All you'll need is study and take the real estate license exam. It's not hard. But these days, it seems anyone can be realtor. Anyone can do it. You just need to pass the exam, get your license, and build your clientele. You wouldn't need to go to a 4-yr college just for that. But taking business and finance classes will help you in the long run to run your business operations better and more efficiently.
After high school, go to Community College to get your associates degree. While there, take some classes on behavioral psychology, plubic speaking, finance, sociology, marketing and basic Algebra (if needed). They also offer real estate classes you can pick up. Then finish up with either a Bachelors in Business Administration or a MBA at a 4 year.
The more you're able to read and relate to people, speak with or in front of strangers, market a product or fill a need, compute numbers and realize the financial benefit from both short term and long term financing, the more successful you will become.
Good luck and you're right, it is hard work but it is also rewarding in so many ways.
Regards
by selling a house!!!!!!lol
Get out of CSUSB. Look into other schools like Sacramento State University. Cheap rent less crime and same weather..lol. Ok you can start taking community college classes from RCC. I would suggest Econ 1 and 2. Yes you can take this in HighSchool but you'll want the College Credits. Than take accounting and anything small buisness. The time you are about to turn 18 take the Real Estate Principles Class and any class which you need to get into the exam. Than when you turn 18 you can take the class. In the meantime start applying for summer or weeekend jobs with real estate agencies. Find the Top Producer and ask to be his/her assisstant. This will help you learn the in's and out's of Real Estate. Hope this helps and learn Finance of Real Estate it will help you in the long run. Oh btw get out of San Bernardino, CA
How can I get donations to help pay for my husbands medical bills?
I have heard stories of people getting donations to help pay for things over the internet. I was just wondering if this may be an option for my family. My husaband was in a car accident that left him with a severe traumatic brain injury. Our medical bills are out of control %26amp; we are barely able to put food on the table this month. He has been approved for disability, however that is barely enough to pay the mortgage. I cant work because I have to be home to take care of him %26amp; my two year old. If I go to work I will have to pay someone to look after him %26amp; for daycare. That would probably cost more than I would make going to work. Any suggestions would be great. Thanks for listening.How can I get donations to help pay for my husbands medical bills?
Be careful...what it seems that you are considering is the formation of a non-profit (charity) for your medical expenses. Contact an attorney for guidance in this area...the Internal Revenue Service will need to be contacted also. Some banks will allow you to establish a special account to enable those interested in assisting to contribute directly at a specific location or specific account.
Monies received from anyone who is not directly related to you may be considered taxable under ordinary circumstances. Be sure to make inquiries of a Certified Public Accountant near you who specializes in Special Cases for Charity Based or Non-Profit organizations.How can I get donations to help pay for my husbands medical bills?
If you belong to a house of worship, talk to your clergy asap.
If your husband is on SSDI or just approved, he has a caseworker. It is in the government's best interest to make sure you can take care of all three of you. Talk to his caseworker.
See if your state has a Displaced Homemaker program. It helps women get on their feet after divorce, death, or loss of income ability.
Call every social service agency you can think of and ask if they have programs or assistance for you.
You must advocate for yourself and your family and you must do it assertively.
You can do this
Try G2Bay. This is a social networking site where people help each other make and save money. People post their photos, blogs, news, product and service reviews and talk about the stocks they own. Every user gets a Million Dollar Page where advertisers pay to find the right customers. The more hits you get on your page, the more money advertisers will give you. You can specify why you need the money and people can either donate it or buy ads on your Million Dollar page.
I am real sorry, was he a vet, they might cover the medical, I hope you have some family to help.
Be careful...what it seems that you are considering is the formation of a non-profit (charity) for your medical expenses. Contact an attorney for guidance in this area...the Internal Revenue Service will need to be contacted also. Some banks will allow you to establish a special account to enable those interested in assisting to contribute directly at a specific location or specific account.
Monies received from anyone who is not directly related to you may be considered taxable under ordinary circumstances. Be sure to make inquiries of a Certified Public Accountant near you who specializes in Special Cases for Charity Based or Non-Profit organizations.How can I get donations to help pay for my husbands medical bills?
If you belong to a house of worship, talk to your clergy asap.
If your husband is on SSDI or just approved, he has a caseworker. It is in the government's best interest to make sure you can take care of all three of you. Talk to his caseworker.
See if your state has a Displaced Homemaker program. It helps women get on their feet after divorce, death, or loss of income ability.
Call every social service agency you can think of and ask if they have programs or assistance for you.
You must advocate for yourself and your family and you must do it assertively.
You can do this
Try G2Bay. This is a social networking site where people help each other make and save money. People post their photos, blogs, news, product and service reviews and talk about the stocks they own. Every user gets a Million Dollar Page where advertisers pay to find the right customers. The more hits you get on your page, the more money advertisers will give you. You can specify why you need the money and people can either donate it or buy ads on your Million Dollar page.
I am real sorry, was he a vet, they might cover the medical, I hope you have some family to help.
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