Yes it's legal and your landlord is correct. You need to know that if anything happens with the rental (fire, damage, etc.) the landlord's insurance will not cover anything that is outside of the insurance policy. The landlord needs to tell the insurance company the number of people living in the rental. That is what the insurance company will cover. If there are more people living there, the insurance company will cancel the policy.
Another issue is code violations. If there are more people living in a rental than what your city / town allows, your landlord can be sued by the city for code violations. If you don't think you will get caught - guess again. Neighbors talk and if the neighbors see too many people coming and going, they will call the city to report code violations.... more
You can sell right this very second, but the question is at what price. The lower end properties have been brisk over this last year so just get an idea what the property is worth and see what it will cost to get out.... more
Hello Violeta, you can sell when ever you decide unless you have a loan that has a timeframe. A value in todays market can be evaluated with a CMA, comparable market analysis which can be done at no charge upon request.
If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment you are looking to achieve you can be emailed listings to study and compare. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program from a minimum 640 fico score up to 417k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.
It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
If my response was helpful, consider clicking Thank, Link or Best Answer.... more
We recommend you contact a local Realtor. Realtors adhere to a strict code of ethics which offers you consumer protection. A local Realtor will know the market and guide you through the process. Good luck!... more
I've actually been down this road a time or two. Never used an attorney, however. A good broker should be able to assist you in this matter if they really want to save the deal. But if they don't or won't and you're out $$$ then you might have to resort to an attorney. Hate to see you have to do that because it usually ends up costing you more for the attorney than what you've already invested. Good luck.... more
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.
Thanks to all of you who answered my question. I went back and forwarded the information to our agent who then contacted the Escrow company. She informed us that the Escrow will send the check to the Canyon City Foundation to cover the 1/2 percent fee. I asked for a copy of the document that states we are released from this liability. Thanks again for all the advice.... more
If your offer has not been accepted or has any any contongincies, then you can withdraw it. If your offer is $10,000 chances are you dont have much of a chance, however if it is 10k iunder asking price that you should act quickly before it is accepted. If it has been accepted then you have to see if there are any contingincies you can use to get outk your buyer agent shoudl guide you and for legal questions check with your attorney. good luck... more
If you are looking for SFR in San Gabriel Valley, there might be some chance (there are also quit few property that under $275 now). For the current market, there are NO such kind of deal in that range.
Feel free to call me if you have any question!
Yes, it is legal for them to ask you to pre - approve with their designated loan agent.
But the law says that they CAN NOT require you to use him.
The way I handle it is to have my loan agent cross qualify with their loan agent. This way you don't have to have your credit run each time you make an offer.
Also it is easier because loan agents talking directly to one another speak the same language.
Andy, I hope this helps you.
Jonathan Starr... more