Questions in "Selling"
February 14, 2010, 1:19 pm
I'm in a 280,000 dollar mortgage (at 7.9%) on a condo that is currently worth 240,000. So I can't find anyone to refinance me and I can't sell unless I try a short sale and look for forgiveness from the bank. I can pay my mortgage monthly but I know I'm just throwing money at a black hole by doing so. I want OUT. Do I have any other...
January 4, 2010, 3:05 pm
My mom died and left her house to her five children. The will states that we should sell the house and split it six ways with my brother Bill listed as the personal rep. As we want to put the house up for sale in the next couple of months, I need to know if it would be beneficial to change the title into one of our name's before selling? What problems will we encounter if we leave as is and do not change the title until it is sold? Someone has suggested that we should get the title changed...
June 19, 2009, 1:29 pm
I just sold my condo. The buyers bank is asking my assoc for needed information to approve the building for the loan. The information neede is a simple Questionnaire completed by the assoc., copy of the current budget and a copy of the master insurance. Most should be at hand. It has been two weeks since this information has been requested. I have been calling the assoc every other or third day and they keep promising tomorrow and giving me so excuse. I need to sell this condo I have bought...
June 11, 2009, 11:59 pm
I have some property (3.7acres) that is not in the best location and I'm finding it hard to find a buyer. The lot property is wooded and has a small creek running along the back border.The problem is that the front is blocked by two other properties. There is enough room between the two properties to allow access to my property. I welcome any advice that can help me find some potential buyers. Property is located in Inman,...
November 16, 2008, 6:47 pm
Two buyers have offered to buy our FSBO home & give us Earnest Money checks. No contract has been signed or checks received. Are we obligated to sell to first buyer, who will apply for loan tomorrow, or do we have option to choose 2nd buyer who has been approved & has substantial down...
November 5, 2008, 10:25 pm
I recently signed a contract to sell my home contingent on a home inspection. We were not worried because we had completely updated our house inside and out. Unfortunately, the report turned up some very unforseen problems that amount to about $8,000. We sold our house below our expected walk away price and really cannot afford to put anything more into the home. Are we obligated to make any of the listed repairs? We really very like our agent is pressuring us to do these improvements, even...
October 1, 2008, 2:46 pm
I'm short selling my property. I have a renter who's made an offer 60,000 less than what I owe and at the appraised value.
Q: Can I demand a letter from lender to credit agencies that it was paid in full?
Q: Will I have to pay tax on short sale.
Q: Which is better. Foreclosure, Deed back to them or short sale?
Q: Will this effect my credit...
