Question by : if i do a quick sale on my house, do i still owe the balance of the loan?
Best answer:
Answer by Carl P
Yes, so sell it for more then you owe – plus the cost of paperwork and settlement fees.
Add your own answer in the comments!
if i do a quick sale on my house, do i still owe the balance of the loan?
What should a person who wants to buy a house do?
Question by lakecity21: What should a person who wants to buy a house do?
What should a person who is single makes $ 30,000 a year, has a very poor credit score of about 500, had a foreclosure and a repossession, but does not have any debt be doing now if they want to buy a house a year from today?
Best answer:
Answer by Hunter
you need to start building your credit.
Click on this web site and read about how to do this:
http://credit.about.com/od/buildingcredit/tp/building-good-credit.htm
Know better? Leave your own answer in the comments!
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No Reprieve in Sight for the Housing Market, Sell House Quick
With less people taking that first step on the housing ladder, sales are continuing to dwindle, and homeowners trying to sell house quick are at a huge disadvantage. The result is rising repossession threats, unpaid bills accumulating, …
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Repossessed House Properties For First Time Home Buyers
Repossessed House Properties For First Time Home Buyers
Among the hurdles any first time home buyer can face is making do with their limited resources. Some would take years to save enough cash or pay their way through their housing loans before finally owning their properties. Others, on the other hand, simply do not have enough time to invest in knowing the ins and outs of the real estate business, preventing them from capitalizing on potentially profitable investment decisions. Repossessed house properties, however, can help homebuyers overcome these obstacles.
As the phrase implies, repossessed house properties are homes that have been taken back by lenders after their clients reneged on their financial contracts. Since holding on to these assets would only affect their liquidity – thus, ultimately, their lending business – banks and other housing or financial institutions sell these homes through public auctions as soon as possible. And to reach as much potential bidders as possible, they course these auctions through the Internet. There are literally thousands of these repossessed homes in the market today; a treasure throve for those looking for a new home or a profit-making venture.
Home Buying Made Easy for First Time Buyers
For first time homebuyers, repossessed homes offer a practical way to land their dream houses. First of all, repossessed house properties tend to get auctioned off well below their true market value. This assures buyers ample savings that could be spent on other essentials. Second, these auctions are also well advertised; especially online, where practically anybody qualified financially and legally can participate. This means that anyone out to buy a repossessed property would not miss out on the latest homes to hit the auction block. And third, there are also online listings providers that aid homebuyers close in on their target homes by providing useful and timely information on repossessed homes being sold across all major cities and states in the country.
As such, homebuyers would be able to equip themselves with tools and skills that are necessary in landing their new homes or making a buck in the real estate business. With all the benefits offered by repossessed homes, first time homebuyers can be assured of a convenient, efficient and cheaper way of owning their new homes.
Joseph B. Smith has been educating buyers on the finer points of repo-homes at Repo-Homes.com for over five years. Contact Joseph B. Smith through Repo-Homes.com if you need help finding information about repo-homes.
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Q&A: I would like to put a house for sale –via an auction. Does anyone know a serious auction house in Canada?
Question by s t: I would like to put a house for sale –via an auction. Does anyone know a serious auction house in Canada?
I am looking for a serious “auction house” in Quebec, Canada — the object is the sale of a heritage house in the Province of Quebec. Serious replies welcome.
Best answer:
Answer by liquidic311
eBay or eBay Canada
Seriously.
You don’t have to really “auction” your house off. You can just pay to list it on the eBay Real Estate section and let the millions of eBay users VIEW the house but not actually BID on it. It’s a great way to get TONS of people to see your house.
What do you think? Answer below!
Q&A: what happens to your credit on a quick sale of you house?
Question by traannemurray: what happens to your credit on a quick sale of you house?
Best answer:
Answer by bobby
Nothing if all creditors are paid off. It is when you don’t pay a debt that your credit is ruined.
Give your answer to this question below!
Q&A: Can anyone explain what a “quick sale” of a house is and how does it work?
Question by pj: Can anyone explain what a “quick sale” of a house is and how does it work?
Best answer:
Answer by Donny
http://answers.google.com/answers/threadview?id=769390
The “quick sale” is generally used to pass real estate between family where there is NO contest as to what the contractual responsibilities would be between the parties.
What do you think? Answer below!
What are the ramifications of having a party in a house that is for sale?
Question by DA bomb: What are the ramifications of having a party in a house that is for sale?
There’s a house near my friends that has been up for sale for a very long time (more than a year). We were thinking of throwing a small party in the basement of the house. We were going to black out the windows with sheets and stuff as to not let light from inside be visible from the street. What are the legal ramifications of this and do you think we can get away with it? I would appreciate legitimate answers and not people bashing me. Also do houses for sale have the electricity and power on still?
Best answer:
Answer by Catty
Breaking and entering and criminal trespassing are your biggest leagal problems there, and yes you can get jail time for both.
Empty house (especially for that long) don’t usually have electricity, or power of any kind on…so no water…how would you use the restroom? Send your guests ouside?
Jail and unhappy guests, it doesn’t sound worth it to me..
I hope you choose not to do this.
What do you think? Answer below!