Renting a flat?
i wish to rent a flat, the tenant advertises for a "professional individual" what is considered professional within the eyes of landlords?Answers: A professional is a generally a college adjectives person that have a learned profession. For an example, a doctor, advocate or accountant would be a considered a professional. The landlord have high expectations and maybe unrealistic. I would not let that deter you from contacting him and inquiring in the region of the rental.
Is it true that you have to pay off your mortgage before selling your house?
Answers: no when you sell your house you pay the bank what they are owed
ok say you owe the bank 90000 you sell your house for 150000 you'll have 60000 left after you give the bank back their money. you have to pay the bank first when you sell .
The mortgage must be paid WHILE you sell the house. It must be part of the sales transaction, so that you can legally transfer title to the buyer.
I'm a mortgage processor.so if you want to discuss it further, feel free to message me.
yes. A lender has a lien on the property. The lien was placed after the lender "qualified" the buyer.
The new buyer may or may not
qualify with the current lender. It is
100% fine to ask the buyer to
contact the currend lien holder
and see if the buyer qualifies and if
so, the lender THEN will transfer the
obligation on the lien-note, to the
buyer and out of the current owner's name.
Hope that answers your query.
Sort of 2 answers:
Yes. House's mortgage gets paid off at settlement.
No. Some mortgages are assumable, and the next owner can simply take over the payments. Pretty rare though.
No, but you'll need to sell it and make enough to pay off the mortgage.
A cross-examine of wrongful title to a house?
My 40-year old friend tolerate it slip out yesterday that her grandmother received an offer on her home. My friend pressed her grandmother to sell her home. In the process, my friend mail the buyer the signed-over title WITHOUT RECEIVING THE FUNDS FIRST!While, I won't get into her "world-class idiot award", for committing such a blunder, is at hand anything that can be done?
Of course the new "owner" is not of a mind to pay a dime toward the public sale because of the title of the home being signed over to her.
Still reel on how anyone in THEIR RIGHT MIND could commit such an error.
Answers: An attorney will folder a motion to set aside the deed, within conjunction with a lien whereas here can be no sale of the property until the thing is resolved, clouding title" Most deeds are conveyed "in consideration" of an amount to be precise then charged "doc stamps" which is how the export tax collectors get revenue on the Dutch auction of real estate.I would nickname the county clerks office, excise collectors office and next go to department depot and get the form that will lien that property the fastest in the past they sell it.
In the process, my friend mail the buyer the signed-over title WITHOUT RECEIVING THE FUNDS FIRST!
..
I detected some things here that
maybe enthusiasm saving....
u did not volunteer who the
lawful owner[s] of the house are.
IF he/they are the friend, and only the friend, the friend could travel to court
and seek a voiding of the deeding transaction.--minimally, seeking
an injunction of the accord on a temporary idea might work.
if the house is in the christen of the
grandmother and daughter does
not have power of atty, the signing
over of the achievement was of no concern
as it be useless.
I am guessing you live in a state
that does not use ESCROW
[title] transactions. THis is a process
where on earth an escrow officer compares
a seller's and buyer's requirements
and when they come together,
escrow "closes."
Sometimes, being stupid within a transaction that requires everything
in writing can be a natural life saver. If the
salesperson goes to court and tell the judge
"i designed to hold this deed until
I received the price contained by cash within escrow."
Usually, a judge will review the
regulation and compare both parties
arrangements towards the goals of both.
if, for example, I will go this to you for
$100,000, and the other party agrees,
and the creation is sent out prematurely,
that does not eliminate the receiver
from having to discharge the $100,000.
If however, the seller know someone
wants a house and the buyer and
salesperson do not agree on a price but
the deed get sent regardless,
the court would say that "in that was
not a MEETING OF THE MINDS"
and the court would establish the deed
returned to the owner.
Thus, till I see what be in writing
surrounding the Dutch auction, I can only
speculate.
One constituent of any contract is consideration and as in this baggage no money has be received, the contract is void, but I suggest that you consult a solicitors as soon as you can, beforehand the other person settle on to take possession.