Brampton Apartments?
Hi, I am a 23 f living in brampton ontario. I lately recently received my eviction interest to move out of my home because the landlord is selling the house=(. I hold searched every site that i know of. even done adjectives the G00GLE searches as ably. If u know the BRAMPTON ONTARIO AREA WELL, ANY SUGGESTIONS ON WHERE TO LOOK WOULD BE VERY VERY HELPFUL. THANKS TO ALL. JJARZYLO(a)YAHOO.CA ( ONLY IN SMALL CAPS THOUGH) LOL.Answers: if your looking for appartment buildings
anything on or off of lisa st is accurate
190 clark
stay away of any appartments on kennedy rd and most of the smaller ones around down town brampton
the appartments on the east side of the mall are the worts cops here all the time
for crypt type appartments anything north of bovaird would be nice peel settlement is ok
i would stay away from kennedy road area
thats my oponion and i am also looking for an appartment contained by brampton
How much starting money do you want to move into an apartment?
i live at home and now longing to move into a one bedroom apartment. assuming rent will be 700 a month how much should have for starting money? thankfulnessAnswers: It depends on the landlord. Some may require you to foot first and last rent or only a flat security deposit. Some may even require an application duty. You may want to search around for "specials" where on earth as some properties have monthly deal where they may cut the shelter deposit in partially or completly waive the security deposit and/or the application duty. You may want to take a look at www.rent.com
when i moved here it be $995.- plus $995.-security deposit/ and or last months rent, after when i moved out i only get $497.50 back.thus i cause no property damage, they said the $497.50 be a processing fee ?
If i deed over my house to my tenant and they did not make any more payments, would that hurt my credit.?
Answers: The deed just transfers title, not the mortgage. Since the mortgage (if any) is still in your name, any non-payment will be reflected on your credit.
Two options: sell the house outright to them and have them take out a new mortgage. Or, if they remain on title for a certain period of time (usually 6-12 months), they can refinance solely into their own name. But as long as that mortgage is under you, it will affect only your credit.
Yes this will absolutely hurt your credit. This is not a good idea.
This is a lose/lose for you...do not due this!
When you deed a property to another party, you lose your interest (ownership) to the property. So now you no longer own the property, and you still are obligated to pay the loan. If they do not pay, you will be foreclosed on, your credit will be damaged and you will no longer have the option to sell as you no longer own the property.
This is also an issue for your lender, deeding the property over to a third party is against the terms of the Mortgage (or deed of trust depending on your state). The lender could call your loan due and payable for breaching the contract.
The only way to due this exchange properly is to have the tenant take out a loan in their name. Or for the tenant to assume the loan (To due this, your loan would have to be assumable and most are not, they would also have to qualify credit wise and their could be a fee)
BTW - You will never find a lender who will a assign a loan. The loan must be assumed.