Archive for March, 2010

property crash

Having recently sold a house, would I be better off renting and investing the money from the sale in a high interest account whilst I wait for a house price crash, or buy as soon as posible and get back on the property ladder?

Rent Back Fast
property crash

Who’s responsible for all the cost for damages if the suspect/criminal crashes into another car even though.
1. The police makes him crash. Pitt Maneuver?
2. The Vehicle was stolen?
3. State Barricades and signs are damaged?

I’m just curious how all those damages to public and private property get paid. In other words, do they make the guy leading the police pay for all those damages to private and public property or do the tax payers and insurance companies end up with the bill?

Sell House Quick

secured loan

I want to borrow some to money to consolidate all my credit and thought the only way out is to put it on my mortgage. Problem is i am tied into my mortgage til September and so will have a charge of £3000.00 to pull out. Also i will have to have a survey done and pay solicitor fees. Someone has suggested getting a secured loan which is basically the same as a mortgage but you will get the money quicker and wont incurr any charrges. Which is the best option to go for?

Sell and Rent Back
property crash

When the stock market crashed in 1997, China wasn’t affected. Is China then insulated from the stock market in other parts of the world? Most experts are positive about the market. Even housewives are beginning to queue up and buy stocks. These are only some of the signals for a crash. Given the nature of the market in China though (GDP target to rise more than 9% this year), would you consider the market the same as the rest of the world?

Repossession
secured loan

I have some money put away in a CD and would like to take a small loan ($1,000) against it from the same bank. Can I negotiate the financing rate with them the same way I could with a car dealer?

Real Estate Professionals
rent property sale

We had a condo for rent, but the rental market has sunk to the point where it is a losing investment. We have listed the property for sale, but in a few months will not be able to carry the mortgage of the investment property. If the property does not sell before then, we may need to do a short sale (if the bank agrees) or worse, deal with foreclosure. To plan for a possible worst case scenario, should I consult with the bank now or wait? Should I meet with my CPA now? Is there value in meeting with a real estate attorney, too? Obviously money is tight, but I want to be prepared.

Rent Back
secured loan

Which would be better for a personal loan under $10K

Sell and Rent Back
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