Lease Violations?
Question:
If you let a friend call in and he takes girls to the pool and they swim in your birthday suit is the tenant responsible for their guests behavior?
Answers:
Yes, of course.
The moment you give them permission to come onto your premises, you official responsibility for their actions.
(You might want to find different friends.)
No, your friend(s) the one responsible for his arrangements. Once you learn roughly that then you can craft appropriate actions, AKA, variety rules or whatever. It is NOT the tenant imperfection nor responsibility UNLESS the tenant either allowed it to evolve or knows that friend is a problem. Hope that help.
The landlord can hold the tenant responsible because he have allowed his friends to swim naked. Other family swimming in the pool might go and get offended also.
Of course the tenant is responsible for the engagements of the guest, just as they would be within their home.
If they are in contravention of the rules or laws of the building, they should be asked to move by the guest.
The landlord can hold adjectives responsibilities against the tenant for liabilities.
I live within an apartment complex and it states right in my lease that I am responsible for the arrangements of my guests.
Tenant won't carry the rest of his stuff!? guidance?
Question:
Hello,
I just bought a duplex ultimate month. One tenant was the owner, so she moved out. The other tenant's lease be up at the end of June. He asked if he could enjoy until July 6th to move out, and I granted him the extra 6 days. On the 9th he moved his bed and about partially of his belongings to another apt down the road. Since them I have be contacting him to remove the rest of his belongings, dressers, a desk, and a garage full of stuff. It is nearly a month later and that side is still full next to hsi stuff and unrentable. How do I deal near this situation...leagally? Thanks.
Answers:
I think if you post it surrounded by a local paper, stating that he have until this date.and if it is not removed my then, you will be disposing of it... You can usually find these examples contained by the "Notice" section of a broadsheet...
Have a rummage sale and construct some money off the guy!!
The law differ depending on where you live. Check at your local city board room for the bi-laws. They probably have a time parameter before you can legaly get rid of, keep or throw out the stuff. You may hold to prove you made a resonable effort to contact the former tenent and alert him.
The timelines vary by nouns, check with your local landlords association so they can support you on what you can do. I would certainly believe you can charge for storage at this point.
You can't toss it, sorry.
You have to store it and you can fine-tuning him 1/30th of his previous monthly rent per day for the storage, no thing where you store it.
After 90 days you can auction it bad. If you use a storage unit they will administer you the name of a well brought-up auctioneer. You rarely even cover storage cost, but it is better consequently nothing.
Legally, I believe, anything he leaves contained by the unit after the conclusion of the lease is considered abandoned.
I would recommend that you disappear a message that he has 24 or 48 hours to remove his belongings, or they will be placed at the curb. On that year, ABSOLUTELY begin moving his stuff out. You may telephone the sheriff's department before you commence moving his things, and provide a copy of the lease that shows the end date and concluding day rent be paid. They may in reality provide an officer to 'supervise' so that the tenant can't cause any problems.
Call the Sheriff contained by your county and explain. Ask what your rights are as a landlord. You want to be sure you don't do anything wrong (because this guy might know some little verbs in the law) so if you throw out his unwanted items or sell it on a garage mart, that you don't owe him $10,000 or something for disposing of his possessions without the proper paperwork.
Call the Sheriff or your local Police. They will know what to do. Every state is different.
Notify him IN WRITING that as long as his belongings are contained by the unit, rent continues to accure and that you fully expect to be compensated in full or you will proceed beside collection actions.
Give him 30 days to remove his belongings or they will be removed and sold to cover any remaining debt OR that they will be placed contained by commercial storage under his nickname and at his sole risk and you will bill him for the first months storage costs and all moving costs as okay as any make-ready costs involved in preparing the element for rental.
Do consult with a local attorney to see what the discarded property laws surrounded by your area are. 30 days is adjectives, but it may be longer or shorter than that.
I advise you catch in touch beside your former tenant and ask nicely for him to move out his extra stuff. if this doesn't work throw out his stuff since he isn't paying you for the space anymore.
You never stated whether or not he responded...
Call him up and supply him just 1 more light of day to come get his crap.
At this point you are impeccably free to sell it, throw it out, or toss it on a bonfire if you option. In New York state, if a tenant is absent from the property for 7 consecutive days and the rent have gone unpaid during that time, his belongings are then properly deemed solitary property.
Can a personage purchase a rent to own property if surrounded by collapse ?
Question:
If a person is contained by bankruptcy can they enter into a rent to own or lease purchase agreement on another property?
Answers:
I utter yes. You will not own the home until it is paid for. Right? As long as the action is not in your first name and the bankruptcy will be complete past the home is changed over to your name I read out go for it.
Legally "NO" you cannot purchase another property while contained by bankruptcy, you'll negated the legalities of the bankruptcy.
Everything you own is placed surrounded by an estate which is managed by an appointed trustee and the trustee within the bankruptcy effectively become you until the bankruptcy is dismissed. You can not do anything short the trustee's permission.
Do you hold to enjoy fantasic credit to rent an apartment?!?
Question:
I just get turned down for an apartment because of credit. I myself have be employed with the local sheriffs department for 7 years and my husband have been at his situation for 3. We met the income requirements (monthy income must be 3 times the rent) and then some, worthy rental history, no criminal convictions, and we were even prepared to settle first and last months rent. Is it standard that you are turned down solely base on credit?! I am in Jacksonville, FL. Anyone local hold any idea if i will ever know how to rent an apartment with not so great credit?!!
Answers:
from what i hear, credit does play a role surrounded by renting an apartment. but since you meet the income requirments i don't see how that apartment would hold reason to turn you down. i would try applying at a different apartment because if you enjoy good income in attendance will be somewhere who won;t turn you down just because of credit. ive certain people who ruined their credit horribly but still found a place to live. obedient luck
no, you don't have to enjoy great credit, but it does make it easier
My modern landlord's aren't working out and would close to to know my rights as a tenant.?
Question:
My husband and I have be living in a crypt apartment in a thoroughly nice home for over 4 yrs, while attending graduate school. Our the previous owners that I have signed a lease with and compensated the deposit sold the home. In the sell the up to date owner's agreed for us stay for 6 months to finish graduate school. However the plan have not work out as thought and now we want out. We never signed an agreement and would similar to to know if we would be breaking any landlord/ tenant agreement.?
Answers:
If your written lease with the previous owner have not elapsed (you signed 6 mos ago to a year lease?), the lease may still be in effect. In masses states, leases verbs along with the property and are not changed by change of ownership. As such, if you leave, you could be breaking the agreement.
However, did the dealer give the unsullied owner a copy of the lease and your deposit? You should have the deposit refund when you vacate the property, provided you didn't damage the place. You may involve to contact the seller and ask around the deposit if it wasn't transfered to the new owner.
Your own state law may differ, so ask an attorney. It's always better to enjoy sound court advice. You might enjoy to call around, but you can find one who can answer this type of interrogate free of charge.
is the lease still in place or have it ended??
if its terminated u can leave when u want but if the lease from the fist owner is still surrounded by place they can make you stay till that ends and they can see u out thill that lease is over!
When the old owner vanished, they took the lease with them, you be out then. You be in next to the new owners solely verbally, no contract be signed so, you can leave at anytime.
This is a moral reason to own a signed lease.
Sounds like you own a month to month tenancy after the first lease expired. If you hold not signed a new lease next give a written 30 sunshine notice and move out. Whatever lease you have with the outdated owner rolls over to the new owner.
if the one and only thing you signed be the original year lease three years ago next as of this point you should be on a month to month lease, as such with a month become aware of you are able to end the lease and move, better just reread your lease to ensure it did not automatically renew at a year, outstandingly doubt it but check
also in most nouns a basement section maybe be informal depending on the set up, a main clue will be if you enjoy separate electric
What would you (as a resident) want to read almost contained by an apartment complex newsletter?
Question:
Any creative ideas? I am running out of things to put surrounded by my monthly newsletters.
Answers:
New restaurants that have lately opened close by?
Somebody talking roughly renters insurance and why it is a great idea?
road increase plans that the city has for handy.
improvements that the complex will be doing soon?
Someone talking more or less plants that might do well as porch plants for your nouns.
regulations about grills surrounded by the complex?
ask the residents if they have anything that they want to share
1. responsive new residents piece
2. inspection dates (in out complex once a year to inspect fire / smoke alarms)
3. reminder of pool hours etc.
4. memo of special events (like maybe complex bbq)
5. any voluminous maintenance forthcoming (we have plumbers tearing out pipes etc and installing fresh for 6 months)...dates of marine shut off etc.
6. reminder of department hours - special dates closure (holidays)
7. ask residents if they want to post items (like items for public sale etc.)
these are just some.breed sure you put graphics etc.
good luck
Rent cut.
Trying to rent accomodation, but own be given a poor citation by previous hotelier. Can I rent again?ever?
Question:
I was told to vacate my flat by a undisputed date, so I did. I had already applied for one place, and everything be going fine, until my old proprietor gave a shitty ref. Now the application have been denied, and Im have to stay at my girlfriends mothers. Not ideal! Will I be forced to use this shitty ref. every time I apply for a rented accomodation in a minute? Has this guy screwed my chances of renting ever again?
Answers:
The press is why did he give you a such a mention? Were you a bad tenant and be it deserved? If it was deserved later you will have to be more scant in the future- don't do anything to gain a bad ref contained by the future. If it be unjustified then it is a issue for trading standards- you cannot give a false insinuation like that. You have need of never use it again and you need never present him as a reference. Start from mark, say its the first time renting- draw from g/f mum to give you reference- everyone have to start somewhere.
cant you say you are a first time renter?
Just a thought.
Why not lately say you havent rented formerly - then you enjoy no need to pass his details!
Or ask if you can put your girlfriends Mum down as a reference - a short time white lie never hurt anyone!
receive one off a friend
suggest laterally...your g/fs mum is a landlady isn't she?
you don't have to utter "my gf mum says i'm ok" do you
If the suggestion was unjustified, try a solicitors communication to your ex-landlord. You have a right to know everything else distrustful about you so I can't see that letting would be any different. As suggested above, your girlfriends mum is presently a 'landlord' and so could legitimately give you a citation and just humiliate the previous landlord.
Of course if the fruitless reference be for a reason, please try to avoid that defence in adjectives.
Good luck.
I am contained by Foreclosure, would close to to know if nearby is governing body assistance?
Question:
I am in Foreclosure right immediately. I have hear that there are establishment assistance programs for those who are in trouble and contained by Foreclosure. Does anyone know any government programs and how to access those programs?? :-( :-(
Answers:
Actually HUD have approved this counseling service to help folks christen 888-995-Hope.
there aren't any
The solitary program for help is through HUD, and it doesn't afford you MONEY. It gives you suggestion.
If you are in foreclosure, you are going to lose your property unless you can reward off the defect and quickly.
There is some assistance available however it is not parliament and it usually costs something to receive it. Loss mitigation does work in this travel case and keep you within your home but will usually cost you the equivalent of one house payment or between $1000 and $1500. Contact me at amgdavid@gmail.com and I can give a hand you get what you involve. I am a mortgage loan officer and have be helping folks in this situation for years.
There be some talk more or less it in different states, but nearby also was a colossal outcry against it. The reason for the outcry is it be basically helping the mortgage companies, and ethnic group who had made unpromising financial decisions. In other words rewards for things that where on earth their own fault. Personally I do not see a bailout within the near adjectives since it is the minority (and not the rich minority) that are experiencing this problem.
You could seek the assistance of a liquidation attorney.
The taxpayers are not here to pay your mortgage. If something happen to you, not just the certainty that you wanted more house after you could afford, your local church may offer some assistance. Otherwise, provide this house and buy one that is inside your budget.
Looking to buy or rent and flat contained by England, I Remember a network page teliing you what the nouns is resembling?
Question:
Hi
I’m looking to buy or rent and flat in England and I remember mortal on a webpage (but didn’t add it to my favourites doh) that tell you.
What’s going on in the nouns
The council tax how much surrounded by that area
Crime contained by the area
How much house or flats are selling for
and more
Can any one remember a webpage close to that if you do can you tell me the address please
Thanks
Answers:
UpMyStreet! Have fun
How to place a lien on someones property by buying their debts?
Question:
I was wondering if anyone could answer this for me. I know that you can justifiably purchase another persons debt and after file a lien against their physical property. I'm wondering if anyone know how exactly you go in the region of this? How would you go nearly searching and finding debt someone owes? Are at hand only in no doubt debts this can be done with? For example if someone owes a utility company could you buy a debt close to that? I live in topical york state if it varries by state. When i purchased my home it was a forclosed property. Unfortunately the approach the neighborhood is set up it has 2 physical address and when the home was foreclosed on with the sole purpose the one address was scheduled. Meaning my yard wasn't factor of the purchase. i wouldn't come to know this till a year after i bought this house. When taxes came out previous owners realised it be theirs and sold it . So I want to purchase debts of the current owner and place a lien in hopes of basically getting the property back.
Answers:
You can buy a debt; but the solely way to grasp a lien is by bringing suit on the debt. So you've gotta pay the lawyers' fees & court costs & next you've gotta be successful in the suit.
Yeah, right!
That's what you receive for not paying attention to what you're signing when you buy property. Had you looked at the survey it would enjoy been open what you were getting. The close plot probably wasn't on the mortgage originally either due to oversight by the lender or be purchased separately, so you had no right to it within the first place.
Plots of land are not record by street address, but by legal description. The street address may be included for lighten of locating the property but the street address doesn't describe the property for legal purposes.
Although some creditors will flog bad debts, those are done surrounded by blocks. You don't get to pick and choose which ones. So, run ahead and buy a few million-dollar blocks of bad debt and hope for the best. Just don't whine if you take stuck with the proverbial ping contained by a poke. You'd be lucky if there be a debt from the current owner there contained by the first place and they can derail your evil plan by simply paying the debt.
In the long run it will be a lot cheaper if you a short time ago ask the new owner if they'd approaching to sell the territory.
Looking to buy or rent and flat surrounded by England, I Remember a trellis page teliing you what the nouns is similar to?
Question:
Hi
I’m looking to buy or rent and flat in England and I remember self on a webpage (but didn’t add it to my favourites doh) that tell you.
What’s going on in the nouns
The council tax how much contained by that area
Crime surrounded by the area
How much house or flats are selling for
and more
Can any one remember a webpage resembling that if you do can you tell me the address please
Thanks
Answers:
is this the interconnect you mean?
The character above has get it!
But also try http://knowhere.co.uk/ for a bit more 'unconventional' information!
How can i put on the market a house hurriedly?
Question:
i need to vend a house quickly because i entail the money and renting is out of the picture because we have have to remodel the house due to tenants abuse the house and growing pot in it and other stuff... but its contained by perfect shape
Answers:
doesn`t matter what the market effectiveness is - drop the asking price by 10%
Make the price tag one-hundred dollars.
market it dirt cheap.
1. Ask your realtor for specific advice on what you can do to engender it show its best (putting its best foot forward)
2. Stage it like they do on Sell This House, removing ALL clutter, ALL personal items, and remember, you are selling square footage, tangible estate, and not YOUR home
3. Price it as LOW as you possibly can. If for example you can take a small loss (below the appraised value) consequently GREAT, do it! In general, the superior the asking price the longer it sits (and vice versa)
4. Offer a special commission to the selling agent
5. Buy a home warranty policy
6. Address specific drive-up appeal features such as landscaping
What do you tight-fisted "other stuff"? if it were used as a crack house and they made meth surrounded by there, you can't market it unless you clean it up. If that's not the covering you can raffle the house off and turn a accurate profit and get rid of it like a shot. Good luck
I know you don't believe me, with you have what sounds like a incredibly recent issue with tenant and all, but they're not adjectives bad. I rented for a few years since I bought, and I took excellent care of the places (apartments and a house). But I'll digress on that one.
My knee-jerk response to, "How do I provide a house fast?" is "I'll buy it for $5, and I'll clear the title transfer costs through udeed.com." If you're interested, my e-mail is geeloeeloee@yahoo.com, and you don't call for to read any further. Just send me the details...
Yeah, I didn't conjecture you'd go for it. If you want to go it fast, find a actual estate agent to get it nominated on the MLS. Do a lot of research, to find the average Dutch auction price of similar houses in your nouns. Then underprice it a little. I'm not saw screw yourself, or anything, just plenty to let population know "this is a deal."
If you post an classified ad in the local serious newspaper, and mention the words "flexible seller," you're plausible to get plenty of interested party. Plenty will either be idiots or two-bit hustlers (some fresh out of a seminar), but they're not necessarily bleak, so long as you keep things below your control.
Or if all else fail, you could always provide raffle tickets on ebay, winner-takes-house. That's not exactly Kosher with their policies (or national law), but what the hey.
I hope those thinking helped.
location, location, location..
The run down houses are what is keeping your house from selling. Your house is not worth in the neighbourhood as much because who ever buys it will be living surrounded by them. You will have to price your home so that it is a extreme bargain-why else would anyone want to hold their family live here?
Unfortunately, there aren't terrifically many ethnic group looking for a 1 bedroom house, so it might be challenging to trade. Try marketing it in other areas where on earth people may want a time off cabin.
If a physical estate agent?
Question:
If a real estate agent claimed you be being petty when asking for compensation for a considerable expensive item that was included surrounded by the accepted hold out and then removed up to that time closing would you consider them unethical or as doing a diservice to the clients?
Answers:
If the item be included in the permitted offer and be to be left and be not you are entitled the item or to compensation based on the convenience of the item. It should not come down to a negotiation but should be pointed out in the contract and next made right by all party involved. The agent should make sure the contract is completed as written. They also should not be calling you petty unless they made a mistake when writing the contract and are in a minute trying to protect themselve in the eyes of their client. This is a tangible good example of why should formulate sure you are represented by a buyer's agent and not just using the almanac agent on a property.
That agent is responsible to fullfill the contract as written. The agent either have the seller replace/return the item, or the agent pays buyer for item. PERIOD.
I totally agree near the PP's. If the agent knows that it be in the contract, and you can prove that it be, then it is their undertaking to get it or compensation for you. They are working for you, within for be representing what you want, not telling you what you should want. I have a bad experience near a real estate agent once, & I fired her. Fortunately, it be before any contracts have been written for a property.
Good Luck.
Let me see you agreed an offer near the item included, then you removed the item from the official offer? If i.e. the case you broke the contract, he requests the sale to be in motion through, no and no offense but in this defence I believe you are wrong. If I had an standard offer which included something, and that something be removed from the contract I would withdraw my volunteer and offer smaller quantity. With what the market is today I ponder you are making a very impossible move, because if they back out (and they can you broke the contract) your house may be on the bazaar for a very long time
I'd consider whomever removed the item to be a adjectives thief, no more and no smaller amount.
Of course, if you didn't raise the issue during the final walkthrough and stop the closing until it be either replaced or the prices used to appropriately then there's an argument to be made that you official it as a de-facto modification of the contract.
The real estate agent (and I am a concrete estate agent) is wrong in calling you petty, wrong for not attempting to relieve in the situation, and is not providing proper and ethical service.
However, the tangible estate agent is not financially liable to correct the wrong. This is a seller/buyer issue. If the item in query was present when you did your pre-close waddle through/inspection (I hope you did one) and was after removed, you are entitled to bring a small claims or as needed legal endeavour against the seller.
It sounds similar to you are the buyer and you closed on the house, moved in and found that something similar to an oven was removed that have been noted to stay surrounded by the contract.
The agent is normally not responsible for paying for the item but they also shouldn't phone up you petty. You should be able to sue for the item and the agent should do adjectives they can do to help you settle this minus a lawsuit.
I once had a female pull out her oven and move it long distance (it be not a plug-in it had be hardwired in!). I be the agent and the lady have been transferred by General Motors. I call her and she refused to even settle so I called her boss at General Motors. A few days latter the oven returned and was professionally installed at the cost of that wholesaler.
Not "bother" the agent for something you were contracturally obligated to hold? That is nonsense.
Sounds resembling you got the issue resolved, and to be exact a good entry. Congratulations on your new home!
Which is better, buying a manufactured home or renting a house?
Question:
We could buy the manufactured home for $25,000 @ 15 % simple interest or rent a house with 2 bedrooms, one hip bath for $420.00/month. The manufactured home has 3 bedrooms and 2 baths and comes beside all alien appliances. (fridge/freezer, microwave, dishwasher, washer/dryer,stove) lot rental would be $150/month. We just can't come across to decide because the house have no heat/air and is high on electricity bills contained by winter, and the manufactured home has internal heat/air but depreciates in appeal over time and is more costly as opposed to staying where on earth we are at but it would be OURS as opposed to the rented house. We requirement an objective evaluation either the rented house or the manufactured home. Buying a house is not an opportunity right now. I enjoy also heard that if a manufactured home is put on a undying foundation it doesn't lose it's value. If you requirement more details please specify them and I will include them if needed. I will pick the best answer. Thank you!
Answers:
Don't buy a manufactured home!! A manufactured home is like buying a saloon. It depreciates with time!! Do not agree to anyone tell you different. I work surrounded by mortgage finance and we wont even refi or present a 2nd mortgage on a manufactured home because in adjectives reality per lend guidelines its not a house! The permenant foundation is a myth!! The the value will subside! I turn countless people away per year that call my bureau asking for help on loans near a manufactured home and it breaks my heart everytime to be the person to explain to them the bad word that its not a home regardless of upgrades additions or foundations! That we can not help them!! Whoever is describing you that is a moment ago trying to get you to buy the home!! Call any core lender and ask if they will refi or give you a 2nd mortgage on your manufactured home..they will adjectives tell you NO!! By lenders I indicate like the big lenders similar to Citibank, WAMU, Countrywide ect. It is better to save your money and buy a house!! Until next rent a home. You are just throwing your money away if you find a manufactured home as you will not get any profit out of it to buy a home when you are in place!! So do not count on selling a manufactured home to help seize a downpayment on a real home!! And of late an fyi 15% is an outragiously high interest rate! So if you wish to get the home I would shop around for a better loan if I be you. Good luck!
Rent money, is dead money. I would single recommend renting as opposed to buying if it be a temporary situation and you be going to buy in the close to future. If you don't own a better buying option for the close by future later I would say buy away.
Good luck.
If you don't know but...
Manufactured homes are built from the CHEAPEST THINGS a builder can find. 10 years after any manufactured home is built, it cannot be insured. No insurance company will do so. Therefore it's EXTREMELY hard to provide.
Why do either? Nowadays unless you live contained by an area where on earth house payments are twice as much as rent, it's never a good hypothesis to rent. (It's called BUILDING EQUITY)
Another point... unless it's a specialty item. (Star war toys, vintage clothes, baseball cards) AGE LOSES VALUE. (You said so yourself)
That goes beside homes and cars as well. Don't agree to anybody tell you that if you put a plastic house on seriously, life surrounded by it for ten years and sell it, you'll seize the same price. That's damn in close proximity laughable. It doesn't MATTER if it's on private property or not.
You have to feel about what inhabitants WANT... nobody wants a USED manufactured home... they want a up to date one.
It's also very devout that want an objective view. Because all of that ISN'T a short time ago IMO... it's fact.
NOW on to the IMO.
Buying a house isn't open right now.
I would ask where on earth you live, because in some states, right in a minute it's so much better than renting you'd be crazy to rent even for one month. Therefore I do say we obligation more details... what state is it?
At this point, if money is that tight, I'd actually rent the trailer, but I'd say-so the second it's enough to put a down pocket money o0n a house is the second you should get one.
The manufactured home is a asset, it'll never come down within price and if you keep it up, will bequeath you an investment. If you simply want to be comfortable and don't want to mess with utilities and troubles that home owning could bring, consequently a rental.
This is a personal choice.
cutegirl is right! i'm a licensed mortgage broke as well as a licensed realtor. recover your money and purchase a real home. 15% is extreemly large for anything other then a secured creditcard. a manufactured home is not a material home no matter what you do next to it and most traditional mortgage lenders will not lend a penny on them. interest rates are climbing but they are still historiclly low for home mortgages. if you have to rent afterwards do so for a short time to rescue money for a downpayment and closing cost and buy the real item.
Is 7% interest rate for first time buyer?
Question:
Answers:
Is it a Governement loan or conventional? Fixed or adjustable? If you're taking fixed, it's a decent rate, beside as high as interest rates hold gotten. Are you planning on being within the home for more than 5 years? If so, then fixed is definately the path to go. What percentage of loan did you catch? If it's 100% financing, then that rate isn't unpromising.
7% interest rate sucks.Sorry to be blunt, but it does. Keep looking.
It depends on your credit and how much you are putting down. If your credit score is at least possible 680 and you are putting down five percent, you should be able to get hold of no worse than a 6.5% rate and maybe even a 6.375 rate, as that is to say the current market. You will hold to pay mortgage insurance lying on that interest rate and that could be another 5/8% or even higher. If FHA it would be one partially a percent on top of the rate. My company could do you at 6.25 next to no discount and an origination fee of one percent if your evaluation is at least 680 or greater. However if you have have some credit issues and your score is lower a rate of 7% begin to sound more or less right. It pays to shop around and compare as buying a home is the biggest investment you will ever make, besides conjugal, ( just kidding). Good luck and I hope you carry the house, and turn it into a home.
Not bad but Shop around.
A partly percent savings is lot over the natural life of a morgtage.
Always depends on you credit score and finances.