are they anyone who buys a house or are they people who buy and than rent a property, or are they people who buy land and build properties for sale. whats the difference between a developer and an investor

Quick House Sale

A person enters into a contract to purchase a property but title remains in the name of the seller for a year. Who gets to collect the rental from the property? Presupposing that the money for the sale is fully paid. What specific law applies to this situation?

Repossession

I own a duplex in Upstate NY. I live in one side and rent the other. I put the property up for sale last month. My problem is, the agent can never get in to see the rental side because the tenant is never there when she shows up. The agent calls her with 24 hrs in advance, but she never picks up the phone and claims she never got the message on her machine. When she is there she claims she is too busy to show. What are my rights as a seller? If I give the tenant 24 hrs notice can I just go in and show the property? The tenant told me she will call the police if I go in and it is not an emergency. Do I have any legal recourse because she is hindering the sale of my property. If anyone can give me advice, please let me know. Thanks
She is on a month to month basis, with no lease.

Rent Back Fast

To fully understand the following article, here is a range of definitions of common terms you might come across. A loan broker is a person who looks through the marketplace the proper loan deal for for someone. A loan broker operates as an intermediary between a borrower and a lender. He will make suggestions and organize a loan solution on behalf of the customer. Several brokers present a charge for arranging the loan.

A credit check is a search performed by a would-be loan provider to gauge your eligibility for borrowing. Lenders will look at your credit file to become familiar with your ongoing and previous financial obligations. Lenders can then award you a credit rating to see whether the way that you control you financial matters fulfils their requirements for credit.

Equifax is one of a number of significant credit referencing agencies in the UK. Equifax draws together all your credit statistics from a range of sources to develop a report that indicates your personal financial history – i.e. your credit report. In the event you apply for credit, loan providers will check your credit file to know about your financial record. You could get a printed copy of your report at any point to know that everything is the way it should be. The Equifax website has a lot of valuable information on making sensible financial decisions and protecting yourself from fraud.

A secured loan is where you borrow money and the debt is secured against your assets – normally your home. This means that should you miss your monthly repayments (this is called ?defaulting?) you stand to lose your home as the loan provider can seize it in order to get their money back.

However, secured loans – which can be used for whatever you wish – have the benefit of enabling you to borrow larger amounts of money. Also, secured loan rates normally attract a lower rate of interest than if you took out an unsecured loan. The amount that you can borrow up to is normally based on the amount of equity in your home. This is because you have your home as surety against the debt.

With a secured loan, your monthly repayments should also be lower as secured loans tend to run over a longer period than unsecured loans, therefore ’spreading’ the repayments.

And if you had a poor credit history but are a homeowner, you should find easier to get a loan if you apply for a secured loan.

Of course, the major disadvantage of taking out a secured loan is that you do stand to lose your home if you cannot afford to meet – and you miss – the monthly repayments.

And getting approved for a secured loan will take longer than getting an unsecured loan as your home will need to be valued.

If you are considering a secured loan, make sure that you get several quotes from different providers to ensure that you get the right deal for you. Check out the fees charged; the monthly repayments; and, most importantly, the interest amount you will be charged.

Here are some ways the internet could benefit you when you are trying to find a secured loan. There are many commercial adverts on the TV and on the radio with offers for a low cost loan. Nonetheless, if you want to get a good overview of the marketplace for secured loans and to therefore snatch up a good deal, you will need to look through internet. The internet is a great source of information if you need to find a loan. You can find a large number of information and useful guides without cost available on deciding on a loan as well as the various deals out there. The great thing with the web is that it furnishes you access to a broad selection of loan companies and providers so that you are able to contrast a number of lenders’ loan products, features and, most significantly, rates of interest! You can also find no-cost quotes to help you see the amount of money a loan will truly cost you and you might even apply online.



Passive Income

I would like to know what was your best way you advertised on the internet and got good results?

I am looking to advertise several things on the internet:

Websites
Properties for rent
Property for sale
Business Opportunities on the net.
Specific Services

Thanks in advance.

Passive Income

I found out from the first broker here in Florida handling the property that owner hasn’t paid mortgage since Oct. 08, among many other shady things. The manager (friend of owner) of the property is who introduced us to the property/signed/witnessed the lease. Since moving in we loved the place however we never received a gate code nor did we receive pool passes and were given excuses. Come to find out the HOA, according to the broker, is suing him for back payments…the owner claims to have less than $50 in bank account in the notes obtained by the broker from the lender???And the owner is back and forth out of the country and the manager up and left on contract work in another state.
My gf and I are full time professionals/students and do not have the time to simply up and move out on a moment’s notice. The manager contacted me in April, not even 6 weeks after moving in mind you, stating she was out of town and needed me to fax a copy of the lease to the owner b/c he was away and needed it for accounting purposes. They didn’t have the balls to tell me then in April that I had in fact faxed the lease to the broker who initially told me all these facts in order to start the selling process. We work and go to school and do not have the time to move until August. We Pre-paid 5 months’ rent upfront and paid a security deposit for the last month’s rent in order to receive a “free” month.

Basically I see it as the owner has my money or spent my money, hasn’t made a mortgage payment, is in trouble with HOA and is acting as if I should cooperate completely to sell the property…strangers in my house, constantly keeping the place up 100%, making arrangements for our dog to be elsewhere during showings, and not knowing what the future holds.
What burns me up the most is that I feel the owner and manager knew their intentions from the beginning and should have said they wish to go on a month to month basis due to the fact that the owner may sell the property at any time…at which point I would have said no thank you and walked away.
I signed a year lease, negotiating 5 months’ rent + security deposit upfront with monthly rent payments to begin in August. If the place sells, I don’t want to pay for moving expenses…I’ve only been here 2 months. I don’t want to sign another year lease from the date of sale here or elsewhere…it will keep me here longer than expected. I don’t want to sign a six month lease elsewhere b/c it cost more monthly.
The broker I originally spoke with stated he is unhappy with all the facts that he has in front of him and does not wish to do business with the owner. Broker stated he will only do business with the owner after he has a signed paper stating that I am happy with an agreement b/w the owner and I. The broker then stated the owner signed a contract with the broker’s agency and cannot do anything with the property for a year???(Is that true?)
I was just contacted yesterday by another broker from another agency wishing to put a lockbox on my door, take pictures and schedule showing dates…haven’t called back yet…don’t know what to say.
I have contacted and am waiting to hear from an attorney but I don’t think I could afford nor have the time for that and is it really worth it? I would love to have some leverage so when I am ready to leave I can negotiate financially, being compensated for the severe inconvenience/moving expenses and receive our deposit back without thinking this guy would try and take me to court for breaking a lease….OR do I have nothing to worry about in the state of Florida and the new owner HAS to uphold the lease OR if the property goes into foreclosure WILL the bank uphold the lease? I don’t want to start paying this grease ball monthly rent in August if it’s going directly into his pocket and has been a pain since day 1.

-Confused and Frustrated

Quick House Sale

Long Story Short, Landlord calls Tuesday said will pick rent up Friday when downstairs tenant comes back from vacation, said that he has someone that wants to see the property that night at 7:30. That is only 4 hours away. Upstairs tenant leave voicemail for landlord, ok for rent, but not comfortable with the short window for a walk through since house is not actively listed For Sale. Landlord calls back leaves 2 messages stating that they house is NOT actively listed for sale, and that it was ok to wait. Second message stated will do Friday instead. Friday comes and a realtor calls both tenants and says they want to schedule it for Monday. Problem- Upstairs tenant is on vacation for a week and will not be home. Not comfortable with having someone walk through when no one is home. Friday comes, Landlord doesn’t show up, doesn’t pick up rent, and downstairs tenant is still not back even though they were scheduled to be back earlier in the day. What can they do? Is there any legal binding that can prohibit them from doing the walk through when no one is home?
Both tenants are on a month to month basis. The property is located in Monroe County, NY
What if nothing in the lease agreement or no verbal statement was made that he had plans to sell the house. Also what happens if the tenants are not home and do not feel comfortable with people in their home?

Quick Property Sale

I moved to TN and still own a townhouse in FL. It has been on the market for over a year. Can I deduct any part of the mortgage or expenses? I know I can deduct interest expense. If this were rented out, I think I would be able to deduct the HOA fees, and all expenses to offset the rent, or “income” recieved. In the situation with the house empty, can rent be considered 0, or a loss?

Repossession

I got prequalified for a home loan but need a little more money down. If I dont pay rent here will that effect my credit or home loan. This house I’m renting is in default and I’m giving my money to a property management not the owner or soon to be ex owner

Passive Income

I purchased a piece of raw land, half paid, half financed by the seller. Now I paid off the loan, and prepare to get the whole title. The seller sent me the signed short deed and the request for full reconveyance. Unfortunately the seller lost the note (I am still having a copy of the note). What should I do now to get the title to my name? Thank you.

Quick House Sale