gator asked: I am getting ready to buy a home and land from a family member, through owner financing. The land and house currently has an existing mortgage, what will happen if the owner dosent pay the existing mortgage? Im not sure how owner financing works.
thanksPamela
eripapito asked: I heard a short sale in when you can pay or can sell your house for the amount you bought it for… For example I bought my house for $235k and now it cost between $170k to $190k, so it is upside downs for around $60k. I heard that I can hire [...]
betsy asked: A home similar to the modest 3 bedroom 2 bathroom home that I grew up in duriing the 1960s in west San Jose, California recently sold for a little over $1,200,000.
My mortgage broker told me that I would need an annual income of at least $230,000 to qualify for the home [...]
donwillymo asked: We live in New York and are interested in buying a home like any other couple. Combined we currently make 56,160 annually not including bonuses and o/t (although second job would bring it up to about 62,000). She has a great credit rating and I have mediocre rating but not terrible. Would this [...]
remarkabow asked: Our house was foreclosed upon several years ago, before it was so easy to get refinancing. We’re in much better shape financially now and I’d like to buy again. How can this be accomplished?Lonny
S. P asked: I’ve been seeing a whole lot of postings on craigslist for a rent-to-own or “subject to” for a house going into foreclosure or behind on the mortgage. What happens when you buy a home going into foreclosure or “behind on the mortgage” (is that the same thing?) what happens with the house [...]
inquisitive asked: The home we would like to buy is 3 hours away. We will use the home for our frequent trips to that town, holidays, and eventual relocation. We also need to provide a safe and affordable place for my mother-in-law to live. We will pay the mortgage/maintance and she will [...]
nell_jen asked: I have been through bankruptcy chapter 7 and chapter 13. What steps can I take in order to buy a home? Is there hope for me to live my dream?Bonita
Scott C asked: Is it legal to create a business, buy a house using the business, then rent it to myself?Sophia
ratboy_wustl asked: I know this question has been asked but I’d like to know if it’s a good time (or not an awful time) to buy a house in Charlotte, NC.
I’m a first time buyer and I’m excited at the opportunity at buying but (obviously) want to avoid buying at peak. My research indicates [...]