Renting & Real Estate

What determines credit worthiness when trying to buy a home?

What determines credit worthiness when trying to buy a home?

his love asked: I know your credit score matters a lot, but does the price of the home mean your score must be higher if the home is more expensive? For instance: If, I have a 665 score and want a $155,00 home as opposed to a $310,000 home, would I be more likely to get disapproved for the...

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Is it possible to have a home inspection done on a repossessed home?

Is it possible to have a home inspection done on a repossessed home?

Desiree asked: My fiance and I are interested in purchasing a foreclosed home. The realtor is trying to get us to buy it without having a home inspection done, but I wasn’t born yesterday. My question is, will the bank that owns the home agree to turn the utilities on so that we can have an inspector run tests...

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What is the best home warranty for the money for new home buyers?

What is the best home warranty for the money for new home buyers?

Stacy806 asked: I live in Texas and I am going to be buying a home in October. I don’t know which home warranty to purchase. I have heard good and bad about several companies.

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How do you go about buying a new home when you currently own a home?

How do you go about buying a new home when you currently own a home?

Cookie On My Mind asked: My husband (25) and myself (27) had bought our first home (a nice townhouse) about three years ago. The townhouses in my area are already selling for about $30,000 more than what we had bought ours for. We just found this really nice ranch home we love, right across the street from my hubby’s...

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What happens if your home is foreclosed but you own the land?

What happens if your home is foreclosed but you own the land?

BRUUUUSKI asked: Let’s say I build a million dollar home on a land I already own outright. And I happen to default on the mortgage and the bank forcloses on the home. So what happens to the home? Will the bank take the house?

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What happens to renters when home goes into foreclosure?

What happens to renters when home goes into foreclosure?

jd asked: Our landlord has not told us the home we rent is in foreclosure. I found out through notices addressed to him in the mail and through a website listing our home in foreclosure. As it is we pay rent a month in advance and have decided to pay on time instead so that we do not lose...

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What are the steps to purchasing a home?

What are the steps to purchasing a home?

TDK asked: I am finally ready financially to purchase a home and was wondering what the actual steps are in terms of a home purchase. From the moment of checking out open homes to finally moving in, what are the steps involved? And what are the costs involved, from my opening bid to property taxes, etc. I am not...

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How long after buying a home will i be able to take out a home equity loan?

How long after buying a home will i be able to take out a home equity loan?

Kelly asked: I am wanting to buy my first home and the home i found needs work. I want to take a home equity loan out to make the repairs but i dont know what kind of time frame i will be looking at to get one. Any advice would be much appreciated.Maintain home network

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For a bank owned home, what percentage of list price will make a good offer price?

For a bank owned home, what percentage of list price will make a good offer price?

akshay r asked: The home is in La Palma, orange county,california and the bank owning is not big. The home is listed at 589 k, comparable homes listed in the neihborhood are listed at 650k to 675k and there is another which is a short sale ( not bank owned) listed at 575k. My realtor suggested that 550k will...

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At what point during the home buying process should I have a full home inspection done?

At what point during the home buying process should I have a full home inspection done?

john asked: Should I have a full home inspection done after the initial offer? The only reason I want to have a full home inspection done prior to me signing the papers, is because I would like to see if there would be any defects with the house that would make a lower offer more successful. If there are...

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