Can anyone report to me ?
can anyone tell me the price of housing within your area ?doing research on the housing bazaar in the usa.
gratitude to all who answer.
Answers: I'm contained by Los Angeles.
2/1 homes start at 500k (even with the roll final in prices)
3/2 homes run 750k and up
We also own 10 million homes out here, so we skew the national average quite a bit.
I'd suggest that you look at zillow.com as you can look at home prices on a per town reason.
Average price in Fredericksburg/Stafford Va is 300k.
Good Luck
The Average home price surrounded by Indianpolis, Indiana is around $160,000.
Are rent to own homes a good deal?
Answers: rent to own are not a 'good' deal for u .
for the owner- yes.
understand for a safe RTO the owner must charge u enough to cover expenses (mortgage, taxes , insurance, wear/tear and enough to apply to a deposit).
u in turn could rent a safe cheap place, save ur money from lower costs.
u could spend ur time learning about credit slavery and income increasing methods.
when u have enough money and knowledge u can buy ur own home.
as a landlord , we did 27 RTO and only one finished the terms. they defaulted on the mortgage in 2yrs.
given todays market/economy u'll do better renting and learn about money.
RTO is usually done by people who can't get a regular mortgage for some reason.
the people who "sell" RTOs know this and frequently marked up either the "purchase price" or the implicit interest rate, or both, to take advantage of that.
Don't do the rent-to-own if you can avoid it. It's a system invented to prey on the poor. As another person said, it's usually more expensive ... but they're usually set up so if you make one late payment, then all the money you paid so far becomes rent and they can throw you out.
Foreclosure rules?
once your house has be forclosed and went through sheriff public sale does that relieve you of all financial and any property desecrate and upkeep?Answers: The spam site was created today, LOL!
Yes, you are relieved of adjectives liability, you no longer own the property and have no claim to the property.
I believe if the dune cannot sell the property for the amount of the loan, thn they may still know how to come back to the infirm owner for the balance.
There is an excellent site that may facilitate in research about foreclusres, see:
http://www.thehomeauction.org
If the lay waste to is normal wear and split, you would have no responsibility for it. If you disfavour it on purpose and the owner (who is probably the lender now) finds out, they could still come after you contained by civil court for damaging their property. This is especially true if you are still living surrounded by the house because they haven't evicted you yet.
Todd
http://www.truthinforeclosure.com