We enjoy a possible buyer for our house, how much time are we allowed since we hold to move out?
Its a very big house. Do they set the time table, or should this be a mutual entity?Answers: You have to be out by closing. Not after. You if truth be told need to be out (completely) on the daylight of closing.
That said, it is ALWAYS negotiable. You can set an approximate closing date surrounded by your contract for 90 days out if you want to (and the buyer agrees). You can close and rent it back from the buyer (if the buyer agrees - I would NEVER agree to that as a buyer).
The closing date and moving date is mutual entity. You both set the time table. In general, seller's are have more issues, so the buyers have more negotiate power in adjectives aspects of the transaction, including closing dates.
polite luck!
Are you the seller?
Usually 30 days, unless something else be negotiated during the sale contract.
It's mutual and negotiable. Sometimes the unmarked buyer will even rent it back to you (example - you are waiting to close on another house)
With tighter lend standards, how not easy is it for a retired senior citizen to catch a loan?
My parents are thinking of selling thier home and relocating. What are the risks as retired seniors with the unpromising stock and realestate market? With the tight lend standards, what are thier chances of even getting a loan at their age?They own good credit and appropriate equity in thier current home. But not too much income.
Answers: Not concrete at all. Lenders cannot discriminate base on age. What they will look at is credit, loan-to-value, qualifying ratio, etc. Have them speak with a reputable lender and get hold of pre-approved so they know what they can qualify for prior to making any move.
The fundamentals apply: income, assets and credit history. If they have greatly of equity in their current home, they may not call for much of a loan.
Can U buy property going into foreclosure with bad credit! is this a good move?
Answers: You can, but how much other debt do you have and why do you have bad credit? Why would the banks want to take a house from one person with bad credit and give it to another?
thank u for the giggles. LOL
NO Nope Nada Nunca.
never a good move.
u need to RENT , read and learn how to get out of debt/bankrutcy/foreclosure.
visit dave ramsey.com to learn ur hard lessons from others mistakes.
Yes, you can buy pretty much anything you want, even with horrible credit. In fact, you can buy a foreclosure house right after facing foreclosure yourself, in most cases.
The secret is having a large enough down payment that the bank will loan you the rest of the money with almost no questions asked. So, hopefully you have been saving up quite a bit for your house purchase.
Otherwise, with a small down payment, the bank will have to look more carefully at your credit rating to determine the probability of you making enough payments so that there is enough equity that they will make a profit if they have to foreclose in the future. If your credit is not good, and you can not come up with any money to put down, then you will not get a mortgage.
Offering a lot of extra cash in the form of a down payment will pretty much get rid of any objections the bank has about your credit. The loan will be worth it to them even if you never make a payment, since they can foreclose, take your equity, and sell the house for a profit on the market.
Good luck.
ForeclosureFish
Bad credit is one of the worst problems to have... however there exists a solution. I will hereby talk from my personal experience. I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details, if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times,
I suggest you get as much information as possible online on this first, a good place to start in my humble opinion is astraight to the point ebook with question and answer I found : http://www.counselingcreditcarddebt.com