I'm buying someone's condo, she owes bank money,do we need bank to approve my offer?
I'm buying someone's condo, she owes bank money,do we need bank to approve my offer? We don't go through any agent and realtor, just buyer and seller, the seller owes bank money on this condo, she asked me to write a formal offer to show it to bank, do we need bank to approve my offer? is this a short sale? what's the process of this purchase? thanks a lot!
If I signed the contract for a new car, but never took possession of the car, can I cancel the deal?
I made the deal at 11.30 pm at night as th dealer was not allowing any other way. I was unsure but he convinced me otherwise. I signed the deal, paid deposit money, left without the possession of the car and without any insurance papers. After reaching home I realised what I had done, I stopped the check first thing in morning and called the finance manager of the dealer. But he didn't pick up the phone, so I left voice mail. Further I mailed and faxed the letter saying I am cancelling the deal. Am I still tied to the contract that I was really pressured to sign? It was the next day at morning around 8.15 am when I called them up and I have stopped the payment but I worry they could try to force me to stick with the deal. I never test drove the car because it was brand new and just packed. They of course told me that they would deliver the car at my conveinence. I was supposed to give my electricity bill and insurance papers when they would do the delivery. I fell for it. What is their recourse against me. I have my check. I never drove the car. Can they still try to charge my account or sue for the down payment? Will it affect my credit history, as I had signed the loan papers with them?
Can a nursing home take my fathers property if it is willed to me?
i have renters on my dads property and he is going to go to a nursing home soon. how do i protect his property from being taken? my father also has 2 other pieces of property that are willed to me but not being lived on. help please...
Can a landlord enforce a lease in Connecticut upon death of tenant?
"Flower" has provided an excellent link to visit. The link provides very good information but does not completely answer your question. Sec. 47a-11d of the Connecticut tenancy statutes states the following: "If the sole occupant of a dwelling unit subject to a monthly lease or a lease for a term has died and the landlord has complied with any provisions of any such lease permitting termination upon the death of the occupant, the landlord may elect to act in accordance with the provisions of this section." Such provisions provide that the landlord does not need to go through the usual process of re-possession of the property. This would be particularly useful if the sole lease holder had other occupants living in the premises but were reluctant to leave. In other words if it is stated in the lease that the landlord may terminate the lease if the tenant were to pass away during the lease period then the landlord may apply section 47a. It protects the landlord. Instead of going through the normal process of re-possession of property what he may do instead is notify the next o kin that he will be re-renting the apartment and request that the next of kin come and get any possessions. However, this does not mean that the landlord is obligated to do this. The landlord can also file a lawsuit against the tenant's estate and become a creditor of the estate. if there are competing creditors for money owed by the deceased tenant, the probate judge will try to divide whatever money is in the estate (i.e. money in bank accounts, real estate, stocks, etc.). What the landlord chooses to do would be at his discretion. The simplest route to take would be to apply Sec. 47a-11d and request that the next of kin pay any money owing for rent until the place is re-rented. Edit: according to one Connecticut lawyer, your mother's landlord does have a right to go after the estate if he chooses to.
Is it worth investing in an apartment in a metro in India? I’m a 30 year-old professional with a regular salary. I do not have any qualms of not owning my own house and I am willing to live in rented accommodation my whole life.
My friend observe the cases below to understand :It is useless to buy an apartment if you want to rent that which is not your case. You want to live if you buy. So listencase1:Buy an apartment for 1 crore. Life of an apartment is say 60 to 80 years. Probably your lifetime accommodation. For which you pay 40 to 45k per month without any trouble of people asking you to vacate you house or increase in the house rent. In short you pay only for 20 years @ 2 times of your actual rent and from then on it is completely your.But understand that apartment will have high depreciation value and resale value of apartment is very less as well as it is not an great asset as the asset area ( apartment area) belongs equally to all the flat owners in the apartment.case2:Invest the 30 lakh of your savings in recurring deposits and stay for rent for 20 years. Now understand in recurring deposits even if the interest rate is just 7.5% pa that 30 lakhs at the end of 20 years would be around 1.27 crores and the money that you pay as rent is only 20-25k but it is also involved with a risk of rent appreciation so lets say you save an amount of just 12k a month so in 20 years if you do the same recurring deposits @ 7.5 % per annum again then at the end of 20 years you would have another 66.8 lakhs with you. That is you would have an amount close to 1.93 crores and also that you have lived those 20 years in a rented house. Now you have an savings of 1.93 crores after 20 years.From case 1 and case 2 decide what is more important to you a 20 year old apartment or a savings worth 1.93 crores at the end of 20 years.Hope it helps.
What can a landlord do if a tenant refuses to leave after an eviction notice?
That depends on what you mean by “eviction notice.”An eviction notice is issued by a court after a legal process in which the landlord has been awarded possession of the premises.The eviction process is handled by a court and, if necessary, by local law enforcement pursuant to a court order. If the tenant refuses to leave after the eviction notice has been served then he or she will be forcibly removed from the premises. There is nothing the landlord needs to do.A landlord cannot issue an eviction notice because only a court has the power to evict someone from their home.But a landlord can issue a “termination notice” or a “notice to vacate” or similar notices to the tenant pursuant to the terms of the lease. If such notices have been properly issued and served, and the tenant refuses to leave, then the landlord must file a dispossession action in the local civil court which, after due process, will result in the court issuing an “eviction notice” as described above.
How much money should I have saved up to buy a $95,000 house?
I have 30k and am really considering buying this house. I would put a 20% down payment on it for $19,000 and estimate closing costs around $3,500. That leaves me with $7,500. I will also need to buy furniture, appliances, and a bunch of small necessities which will put me at around $4000.