Archive for the ‘Renting & Real Estate’ Category
What paperwork is needed for a developer to turn an homeowner’s association to the owners?
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Does the homeowner have the possiblity of staying in the home or is it given up?
A home is appraised at $66,500.00 dollars, and the homeowner took out an equity loan for $30,100.00 dollars, and at an interest rate of 8.30 %, and if the home was foreclosed, what equity would be left in the home to help the homeowner. Does the homeowner still have some kind of compensation coming from the home, or will the homeowner still owe an amount?
The homeowner is most likely to be a foreigner or retiree, and well-off.
I moved into my new house about 5 months ago. It is part of a homeowner’s association. I have never heard from them or what they do. I do recieve a bill every 3 months though to an out of state company. I feel like I’m being scammed out of money since I pay an invisible entity for unknown services. What can happen if you refuse to pay? Can you be thrown out of your own home? The real estate agent wasn’t sure who to contact and I did not sign any paperwork at the closing conerning the association. Google reveals nothing about the association.
I will definitely need more money and bigger take home pay throughout the year as a first time homeowner, but will I have a big tax bill next year? Are there tax credits/deductions related to owning a home?
When the contract with a mortgage company says the homeowner will be responsible for foreclosure costs, how much do those costs usually amount to?