Renting Real Estate Questions and Answers

Housing Benefit &Tenancy agreement. Plz comfort?

hi i need some suggestion for my friend.
her name be in the possession agreement few yeras ago and she decided to move out because of clan problems.so she told the council she had moved out. and at that time she be working part time individual.then after a month she moved wager on to the old house, but she never told the council.its be over 4yrs.
should she tell the council presently?and will she get within trouble?
and now she wishes to move out for good!!
what can she do? she cant afford to be in motion private. she wants a council place.
plz back
many appreciation


Answers: If your friend is truly not on the tenancy immediately, but lives back surrounded by the house that is ok proving she have not been 'sub' renting from the use holder. In other words the tenancy holder must enjoy been resident at the house adjectives of the time your friend has be there. Council houses or 'social' housing as it's call now is not an automatic right, your friend will hold to wait her turn.
sorry, what going on for all the inhabitants out there that have need of a council place, just because she requirements one so what theres loads of things that i want and cant have so tough
hope you get hold of done for fraud!
u did not state where you are; this sounds resembling a UK --British thing.
I hold never heard of a cousel
for a property--we do own
property assns for townhouses.

My rule of thumb is, if you have be
hiding somewhere, and you are
leaving, ..q u i e t l y confer on and
keep it muffled from all unnecessary
party. [people]

Real Estate Flipping/Renting?

I'm an 18 y/o college student. No experience in tangible estate but have other been interested surrounded by learning more roughly speaking it. I do my research on the internet and read books and I feel I am set to go out and cram first hand. But I'm not sure where on earth to start. I'm interested in foreclosures doing some work and selling and/or renting it out. I realize it's not that graceful because I'm so young. Can anyone hand over me some pointers on where and how to start out. Where can i acquire the money, I've heard of intricate money loans, are they my best options?
Thanks


Answers: flipping is misunderstood; it
method to get control of a property
and selling your rights up to that time escrow
closes.

Normally, a smart seller will ask
for EARNEST MONEY --some brass
to secure the property for you--
and that brass CAN be non-refundable if you are not very meticulous.

Instead of flipping property,
I suggest the much less unspoken
area of DELINQUENT TAX CERTIFICATES.

In 12 states, respectively county has the
right to vend the tax liens on a property.
the buyer of the lien may or may not
be remunerated back inside 3 yrs. IF yes,
all the better and the return is already
agreed to. IF no, the lien buyer must
walk to court and seek a warranty action
thus giving him a DEBT free property.

it seems as though, surrounded by those states
with said certs, roughly speaking 10% of them
are not redeemed by the prop owner
thus giving the cert owner a fantastic
return on his lolly.


[for every 1,000 nowledgeable flippers there is 1 skilled cert buyer]
It's a tough souk to start flipping.

First, all the TV shows something like flipping have driven up the prices of prospective properties. It is a buyer's bazaar, so homes are sitting on the market a long time and buyers are asking for adjectives sorts of concessions, which cut into your profits.

Most lenders will not loan to someone under 21, even thorny money lenders. Hard money is essentially legalized loan sharking, the interest rates aren't favorable and you could find yourself in trouble contained by a hurry.

How about getting a opening in construction to cram the trade, save up some money and do this the conventional track. Hopefully when you are ready, the souk will have superior.

I want some mortgage direction.?

Details:
-First time homebuyer
-Do not have adequate money for a huge down payment
-Was approved over a year ago for $180k
-Live within NJ

Questions:
Will that mortgage approval still be valid? What are the different types of mortgages for first time home buyers? What is PMI? Why do some people achieve 2 loans for their first home? Does anyone know about the grant that some people obtain when purchasing a home that pays towards closing costs, if so, what are they and how does one qualify for that?

I have contacted a valid estate agent that was reccommended to me but own not yet spoken beside her. Should she be knowlegeable enough to answer these question I have as economically and more?

Thanks!


Answers: No - preapporval will not still be good; pmi is insurance for the mound and for mortgages with smaller amount than 20% down; 2 mortgages, 1 for 80% the other for the difference avoids pmi; Each state is different with grants/1st time programs; check beside your states housing authority.
The aproval you received a year ago will not be valid any longer. You should talk to a loan officer and seize a current pre-approval before shopping for a home. You requirement to know what you qualify for in today's souk. Many programs that were available a year ago are no longer available today as a result of the "mortgage meltdown" as some empire call it.

You can budge to the following website and get adjectives the information you need or ring me (name and number on website) and I will help you near it.

http://www.amerisave.com/partner/ecrowno...

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