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Posted by Real Estate Investor on Mar 28 | Real Estate Investing Chatter
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and Home security? just moved into a apartment in a rough area, need some advice on home security.? As most of us would, I would like to feel safe in my own home, any Tips and advice please?, more
and how long afterfiling bankruptcy can you buy a home? My husband is in the process of filing for bankruptcy and i wanted to know how soon after can we buy a house because we were in the process of buying a house 2 days away from getting keys and all the medical bill (220,000) from a near death experience kicked in and ruined his credit!!so we have to file for bankruptcy so we want to know how soon after can we get a house., more
Will the mortgage bailout help me? I bought a house 2 years ago, at the peak of the market. According to zillow and rough estimates from appraisers, without an actual appraisal, i have lost over 80k on the value of my home. I have an 80/20 load and im paying interest only right now with a 6.875% on the 80 and the 20% is an ARM which is down to 5.5% now. Started at 10.5%. I have locked in a 4.5% fixed rate if i re-fi, and get down to 90% loan to value ratio using my VA benefits. I would need 110k to be able to re-fi. This i do not have. I have not missed any payments, but on paper, my mortgage payments are about 54% of my gross monthly income. I rent out all my extra rooms to get by which helps significantly but i dont want roommates for the next 28 years. I dont know the details of this bailout nonsense and i dont even like the idea of the bailouts. However, if i can get my tax dollars to actually benefit me for the first time, i will gladly take advantage of the bailout. In three years my 80% loan is going to adjust and raise my payments significantly. It will do so every 5 years after that. I am not struggling to make my payments, but if i dont have tenants, it will be very hard to get by, especially after the adjustment. who knows what my 20% loan will go to when interest rates start going back up. Do you know any more about the bailout and if it sounds like i will be eligible?
Please dont mistake me for one of the a-holes who bought a house with shitty credit and no income. I bought the house with a friend, not realizing the market would crash, or that 6 months of living together, we wouldnt be friends any more and i would be the one to be solely responsible for the house. I have great credit and make good money, but because i bought it with a friend with the intention on living in it for a couple years, fixing it up and selling it to at least break even rather then throw away money for rent, i now am stuck in a pretty shitty situation., more
and What kind of degree would I need to get a Real Estate License? I am a High School Junior and I am preparing for college early, I would like to know what degree I need to get a real estate license in the state of California., more
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