Appartment to Condo Conversion - Please give a hand! (san jose, ca)?
Question:Does anyone know the process of converting an appartment complex into condo(s)?- What is the minimum number of units?
- Can it be as low as a 4plex
- How do i come by the license and permit?
- How do i find set up with an HOA company?
I'm totally hold no clue about the process. Please support me with some tips. With the average home price up the roof. My buddies and i are looking for a cheaper agency to be home owners. Looking to convert a 4 units rather.
Thank you so much!
Answers:
Why don't you contact your Local Builders Permit Dept each state have different codes and your Building imspectors can help you near guide lines. To also let you know if this is possible. If you don't contact them and bring state codes and permits be I live theres hefty fines to pay apt luck.
Im individual evicted?
Question:Im being evicted from my apartment because I did not retribution the rent because they did not fix the stove, or the leaking toilet for 4 momths. They come and fixed the stuff just 2days ago. When I be in motion to court if I pay adjectives the money can I stay in my sectionAnswers:
don't go to court. Go to your apartments bureau and settle now. If you salary in full, near is no need to stir to court-
Other Answers:
Go to court its already in the allowed process dont take any likelihood the judge will ask you if you hold the money to pay,and if you dont he will provide you time.
I would wait it out and of late make sure you enjoy the money when you get taken to the housing tribunal, roughly when there, you can explain why you hold with held rent, bring photos and other supporting documents you enjoy with you. Hopefully you own given the landlord written interest of your problems.. you may even get some money stern or not have to remuneration as much because the living conditions are screwed up.
definitely recompense your rent. Poor maintence does not excuse your obligation to settle up rent. You can file a complaint beside the local housing authority if your apartment is not being maintain, but you need to payment your rent.
Try to settle it with your apartment complex first, but bring in sure you get paperwork from them if they pilfer your money and agree to settle it there, because if something comes up roughly it later you want to engineer sure you have everything surrounded by black and white in the event it ends up contained by court at some later point.
the rent money should enjoy been held surrounded by escrow or by you until problems were fixed.The tenant had no grounds to evict you.Try paying immediately and see if landlord will drop it.
If the merely reason that you are man evicted is non-payment of rent after it depends on where you are within the process. If your landlord have filed a Demand for Rent or Notice to Quit, next you still have time to settle in full to avoid eviction.
Repairs not human being made does not constitute a reason to withhold rent.
Communication is the switch. If you ahve been a upright tenant and paid the rent prompt (until now), explain that to your landlord and maybe you can work something out without have to go to court.
Good Luck.
party of the first element grantor and name also party of second portion along near another partie set as the
Question:the partie of the first part is the artistic deed holder and have given a person one partly of one half certain as also 'AND' parties of the second module whose name is also partie of first as ably as and partie of first and partie of second and another person name therein as partie ot the second part so how would this be stated surrounded by a contractural way?.Answers:
You obligation to assign a role to everybody who's mentioned in the contract, and next have a numbered document of all the relationships between the party.
what is tract house?
Question:For example, if a city is fully tracted and has tract home, what does that mean exactly? Is it in recent times that there surrounded by pieces already and not in big acreage?Answers:
Tract home is a piece of land. Say in attendance is a "lot" for sale down the street from you, that is to say a tract of land. So a neighborhood have many tracts of come to rest. A tract is not necesaily an acre, it can be .56 of an acre or 1.25 acres. Tract is used for legal description purposes. I hope this help.
FYI... there are 43,560 ft contained by a acre.
Other Answers:
She knows what she is chitchat about. It is estate already devided into lots or tracts. You can buy acerage and have it devided into tracts.
Source(s):
www.screaltorgreg.com
What would arise to the discount if prime interest rates rose to 10% by 2007 ?
Question:Answers:
Lending activity would fall off forclosures would increase and vultures who have money would pick up the forclosed property's at a dicounted price.Entirely too various people rob on to much debt all the while trying to save up with the jonse's.nation need to stop worrying going on for what other people deduce of them because noone is impressed with your big house and fancy cars that you financed to return with them because you could not afford to buy them. Limit debt to 20 percent of your take home pay cheque and you will be on your way to long occupancy financial security.
Other Answers:
glad I don't own an adjustable rate mortgage
if that happend consequently everyone that is not rich would lose everything they own. Jobs would not compensate for such interest surrounded by a already crummy economy. NOTHING GOOD ~ !
then the workers would be expecting pay envelope to go up as capably.
There would be a shutdown in the buying of homes all right just nearly everything that you would have to get hold of a loan on.Massive tidal wave of mortgage foreclosures, causing plummeting definite estate prices, causing still more foreclosures, cause banks to founder, causing massive federal bail outs, cause tax increases and cuts contained by social programs, failing schools, homelessness, angry mobs roaming the streets, class warfare, and finally the collapse of the nation. Mexico seize the opportunity and invades, establishes provisional government, and a green zone within Houston. Better brush up on your Spanish... I don't think it will rise to 10%. It is possible but just about I can see it will. But if it will be 10% as you ask: economy will experience recession. Price of housing drops, lots forclosure, stock market will drop, job will shrink. But the US$ will be strong though.
is ita honourable time to look at physical estate contained by the metro philadelphia nouns or are prices on the increaseor decrese
Question:is the real estate bazaar on the rise or decline, what will happen to morgage rates jump up or go downAnswers:
Well right immediately it's starting to become a buyer's market. Houses are not selling close to hotcakes right now. They are staying on the bazaar longer. This is an advantage for you because prices can be negotiate in your favor. I would continue a few more months and see where the marketplace is then because it hasn't rather changed totally.
Other Answers:
It is true it is general a buyers open market. If you like Philadelphia and you find a house you similar to and plan to stay in for 5 years, I would shift ahead and buy. I think Philadelphia is smaller quantity risky than California, Florida, Las Vegas, Washington DC and Boston.
Most projections about mortgage rates point to them getting to around 7%.
When renting a house, is it alike process of renting an apartment?
Question:Would credit matter? Is it what I hope it is; Just sign a contract dictum I'll pay the monthly rent and my own utilities and that's it? What is the detailed process of renting a home after finding the one you close to? I am entirely ignorant at this.Answers:
Would credit event?
It might depending on the landlord
Just sign a contract dictum I'll pay the monthly rent and my own utilities and that's it?
Yes, pretty much and you hold to maintain the courtyard and such.
What is the detailed process of renting a home after finding the one you like?
You said it, find one, apply and if you qualify, sign the paperwork
Other Answers:
Credit could issue, some landlords will check your credit rating before leasing to you. Renting a house is usually around the same as renting an apartment. You may find that the tenant is responsible for meadow care, snow removal, trash removal, etc. so be sure to ask who is responsible for those. Good Luck!
same......
The process is usually impossible to tell apart as in renting an apartment. The renting get-together wants to know that you, the renter, are responsible and can recompense the bill. There will be the rent, the utilities (including a water bill), but otherwise it is matching. Go forward and get your great place. Remember this, "If God be for us, who can be against us?" - Romans 8:31. Peace and God Bless.
most owners of homes will run a check on you as its costly to run ad and you have more to do resembling trash, cutting the prairie and depending on the contract maintain persuaded parts of the home. in a apartment most everything is taking fastidiousness of for you as in a condo also. its alot more responsiblity maintain the home and its basics.
Source(s):
rented out to others of property i own.
its usually matching process. depends on where you are, state, city codes etc. Usually parcels of recommendations from chronological rental companies help. Stating you are a upright tenant, happy to own done business with you and that moral fibre.
Source(s):
have be a leasing/ rental manager surrounded by ohio for capstone properties
Same as renting an apartment. However, the landlord may or may not check credit, depending upon how savvy they are.
Some landlords will foot all bills. These are adjectives things that you can negotiate with the tenant.
You will need to set your vocabulary and negotiate for what you want. Decide how long you want to live there; what you are of a mind to pay; whether you can hold pets or not; what bills you will pay; debris collection; repairs; lawn running; adding fixtures; etc.
Good luck!
Source(s):
http://www.channel4.com/4homes/renting.html
Can anyone make available me direction on a 2/28 mortgage loan?
Question:I have a chapter 7 collapse discharged 2 years ago. My husband and i both have appropriate jobs, (he a arts school teacher and me contained by insurance). We are wanting to purchase a home and the only route we are getting is this 2/28. of course the loan officer is advise us this will be fine to refinance in 2 years.. Has anyone have an experience with this. We are kinda freaked out and don't want to win overwhelmed financially againAnswers:
As a branch manager for a direct lender/brokerage, I would stay away from the 2/28 at this time. We may hold more rate hikes, hindering you from refinancing contained by 2 years due to whats called fee shock! It is a risky loan at this time as nobody knows if rates will trim down. You will be fine to refinance in 2 years; at the going rate at that time.. The 2 year fixed is a approach for that loan officer to earn income off of you two times. It may not be the best program for you after seeing your hesitance. Email me at ryan.wood@truelend.com for other option.
Other Answers:
refinancing in 2 years will probably REALLY suck...
Interest rates will be going up within the coming years and you could set yourself up for another round of bankruptcy
i am mortgage broker as well i would be jovial to look over your situation to see if it is a good deal for you. As it stands rite very soon i do not have adequate information to say. I am not triing to catch your business i just want to help out you can email me a nanu569@yahoo.com or on aim nanu596
please take me up on this most relations on here will not have the best direction
You REALLY stipulation to talk to some more mortgage brokers. And don't move about around paying fees for them to pull your credit report at respectively place. Pull your own, all three bureaus, and embezzle it with you. They will eventually own to pull them but for "basically walked contained by the door preliminary conversation purposes," your own will do just fine. Also pocket a set of all your liquidation papers, including the filing, adjectives schedules, and the discharge. Don't donate them the original set a moment ago let them formulate a copy if they want one.
If you have established unmarked lines of credit and kept them clean for at smallest 12 months you should be able to capture a normal 30 year fixed. I've be out of the mortgage business for a couple of years, but for the 10 years I was within it I did loans for people surrounded by that situation regularly. Usually FHA. They can be very forgiving and the rate is usually just about a point better that FNMA.
With FHA the rules were vitally if you had be Discharged for 24 months and had established 2 or 3 lines of credit that you have kept perfect for the ending 12 consecutive months minimum, you got the do business if you otherwise qualified (debt to income ratios, time on your available job or in your profession,etc.)
If you enjoy not established (or carried over) any clean lines of credit you should do that promptly and save your money for another year while they seasoned. The easiest way is to jump to www.cardweb.com/cardtrak then click on "find a card", afterwards click on "Secured" and you will see a list of secured cards within a comparison chart so you can find 3 Good Deals. Most of the stuff you get surrounded by the mail is not within that category. A reasonable annual allowance is ok but any type of Application Fee or Account maint. fee etc is nil but junk, rip you sour fees.
If you are setting up new accounts as soon as you grasp the card activate the details, lock the card up, and pay past its sell-by date any balance on the card (the annual excise is usually charged on the first statement.) The LEAVE IT ALONE.
The way interest rates own been trending upward for a polite while now, I would be markedly uncomfortable in the order of getting locked into a variable/adjustable rate mortgage. They can be dangerous to your financial form. If it were me, I would jump Fixed Rate or nothing.
If rates raise in the adjectives you can still do a refinance to a lower Fixed Rate Loan as long as you have continued to hold on to your credit "perfect." When you own a Chapter 7 on your credit report you are not allowed anymore mistakes by most family in the credit world. So Perfect is the agency you Really need to stay. On Time--Every Time. By the process, the best way to keep hold of a credit line idyllic is to have it remunerated down to ZERO and keep it that route. If you have any credit cards lock them up contained by a safe deposit box at the hill, then salt away the key to the box. Outside of your home and if required a car--NO CREDIT SPENDING! I would recommend that you source out a state bond program. Most states offer this program for first time home buyers, however the interest rate are lower than your common FNMA and FHA rates. It's a 30yr fixed program, and you will pay MI on it, however if you do a cost analysis, your payments might be better sour with a MI alternative. Secondly you can request the MI to be removed in a few years, and weaken your payment near out refinancing. Most Realtors dislike them, because they don't understand them, and mortgage brokers abominate them, because they can't milk the client. Look into it, contact me if you have any question.
Source(s):
Loan Consultant
what is the jurisdiction/ delineate of the dadar parsee youth association ? R non parsis allowed to stay ?
Question:Answers:
This is better suited for international version of Answers.
How are private homes evaluated within a existing estate appraisal using both the cost and the souk background approach?
Question:Answers:
I think your asking how a solid estate agent appraises your home? well they stir by other homes in your nouns and price by square footage also by what kind of extras your home have to offer.
Other Answers:
There are deeply of things that they look at. First of all the square footage of your house and any extras that you hold. They also look at its condition and how old it is. They compare it to other homes within your neighborhood that are smiliar and have not long sold. The adjust for differences and come up with a numeral. The cost approach is just figure what it would cost to replace your home in todays flea market.
Source(s):
www.screaltorgreg.com
The cost approach is based on replacement cost of similar property i.e. if the house be burned down today, how much would it cost to replace/rebuild the same house surrounded by today's terms. Market information is used to generate comparable sales of similar properties inside a 3-5 mile radius of subject property. A weighted average value is consequently derived from these 2 approaches.
In commercial real estate, the lender also looks at the plus of the property based on rental income approach.
What do i inevitability to earn a actual estate license contained by California?
Question:After graduating illustrious school, what requirements do i entail. How do i join an agency?Answers:
You call for to take a definite estate principles course. The course is available online. Once you are enrolled contained by the principles course you are eligible to take the CA Dept of RE exam. If you go beyond the exam and finish the principles course the Dept of RE will issue you a conditional license that is valid for 18 months. You can by pass by the conditional license by taking 2 additional Dept of RE approved courses.
Other Answers:
There's a state exam you own to take.
This website will get you the comprehension and requirements you need to clutch the state exam:
www.retrainers.com
If you're in Southern California, contact me once you surpass the state exam and become licensed. I'll put you to work and give you a great split while walking you through the process of fact list and buying property.
Regards
Source(s):
Licensed California Real Estate Broker and Investor
I hold an apt lease I necessitate to break. I own someone to sublet and come to rest lord won't permit me, whatelse can I do?
Question:My lease clearly states I can not sublet, BUT I can't stay. The landlords only response is that I will be responsible for the entire lease residence. I feel approaching putting the sublet in the apt, and pay packet rent through me, but they run the risk of being evicted. Doesn't appear like I enjoy any other choice. Is the landlord man unreasonable? Will I get sued? Can I win a shield when I get someone who is feeling like to pay the rent surrounded by full every month?Answers:
A lease is a legal agreement that you are bound by since you signed it, but you might check the state and local law where you live to see how such things are govern. You may be able to find another passageway out. An attorney may be able to relieve you. Sit down with the proprietor and this would-be tenant and (calmly) explain why you have to move and ask him if nearby isn't something that can be worked out. You could point out that he won't be losing any money. Maybe it would help if the modern tenant would be willing to sign a unusual lease with the proprietor. If you are ready to move out and the other character is ready to move surrounded by, it could all be done so the proprietor wouldn't lose any money because there wouldn't be any time length between moves that he wouldn't be receiving rent. How much longer on your lease? If adjectives else fails, save paying the rent (use checks so you have proof of payment),agree to the other guy move in and if the hotelier says anything, relate him the guy is "house-sitting" for you while your away.
Other Answers:
i am a landlord, and if the lease states u can not sublet, than u cant. if one of my tenant break the lease, there is a one month cost fee. Depending on how much time u own there, if u go to court, u will not have to compensate for months u r not living there, but may hold to pay some style of penalty. try to work something out next to the landlord.
I went through this several times...best item to do is ask the person liable to sublet to sign a new full year lease instead. Worse armour senario you will lose your damage deposit. If the manager still refuses dispense him/her a written notice you are departure on a certian date, and make sure you save a copy along with a statement from the society that were ready to sublet. You will lose your damage deposit...also revoke any remaining checks the landlord may own. Do not give the proprietor a forwarding address. Bottom line...a arbiter will see that you made every attempt to fix the situation and the landlord did not except...the intermediary will agree with you....but I doubt hugely much they will take you to court....the lease look scaring...but no-one can predict their adjectives and no-one can control people.
Good luck Here's what you do. You retain your current address as your endorsed address; that is, don't exchange any of your utility bills, etc. This establishes your legal domicile.
Allow the soul who wants to sublet your place to move surrounded by and have them clear you rent in currency. This way, not a soul can trace the source of the rent. You, in turn, write a check to the manager, which clearly establishes you as the renter and that you have not broken any language set in the lease.
You can claim the renter as a "guest," which should not be prohibited by the lease. Also, check your lease to see what it say about have a "roommate." If there is no restriction within the lease to having a roommate, you can set things up that style, thus further solidifying your legal standing.
I hope this help.
Source(s):
Personal experience. I got out of my later lease by obtaining a opportunity more than 50 miles from my residence. In the state of Ohio it is got to break a lease for this idea. Good luck
Does anyone out at hand know something like renting to bit 8 vouchers holders. I own a small 6 element building.?
Question:I just finished redo the whole building and call for to get tenant ASAP.Answers:
You have to apply to the county your building is within to accept the Section 8 vouchers. The payments run about 30 days to bring, sometimes up to 60 days when you first start out. The county pays the difference in their rent, & the renter's portion is just about 30% of their income. Bless you for wanting to rent to Section 8 housing users. There aren't many moved out now days & it's unyielding to find landlords who accept the vouchers.
Where contained by the U.S. are the cheapest homes?
Question:Answers:
Greenville, South Carolina and Greensboro, North Carolina has excellent employment opertunites and housing is far less than Major Cities.
Other Answers:
I know this one ...
surrounded by the poorest communities!
Lima Ohio seems to be the cheapest,
But also check out Dallas Ft Worth
surrounded by towns no one know about
Cheapest or Least Expensive?
One can pay envelope much and get little and at times, settle up little and get much.
Just exact you pay alot does not imply you got a obedient value. Same as Paying little, you can at times find more than what you paid for.
The Midwest have inexpensive homes, I live in Ohio and the prices aren't that impossible if you're looking for something 20-40 years old. New houses or ones contained by enclosed developments will be more expensive.
My friend purely moved to Indiana and got a house authentic cheap under
120K and it is surrounded by a very nice town.
Omaha, NE
do u assume home price within s. cal will drop? i'm thinking purchasing one soon and hope i'm making right judgment
Question:Answers:
It does appear to be a risky market.
Make sure you pick a house/area where on earth you want to spend 5 years or more. Also if at all possible put a 20% downpayment down and draw from a fixed rate loan. If you think you might singular be in the house 3 or 4 years, it might be a upright idea to lurk until you are a little more settled.
If you are primed to buy, you can use the risky market to your authority by making offers significantly below asking price. If the wholesaler won't budge from asking price, be prepared to move on.
Other Answers:
yes you are
I significantly doubt it. I've lived in Southern Cal most of my existence and the home prices may plateau for awhile but I've not seen them drop within years. If you're looking at one of the coastal communities, you may be in for even more of a shock as most of them hold a building moratorium so prices are sky high. Good luck!
If you're looking to purchase next to the hopes of selling at a profit then I would influence no. As home prices increase why would anyone pay the difficult prices for a used home when they could have a home built usually bigger and at like price level. Home buying is other the right decision especially if your renting. Face it when renting your getting zilch in return. As an owner you build equity, a foundation and a building block towards the adjectives with possessions you could use for anything.