Archive for the Real Estate and Construction category
June 30th, 2008
There are many benefits to the selling and renting back process. If you need cash quickly and have no option but to sell your home, this is a perfect solution. Large sums of money like this are often needed for house repossession, divorce or separation, high mortgage payments, or buying new property. When you sell house and rent back, you get your money right away without having to make any lifestyle changes. You and your family get to live in the same house, attend the same schools, have the same jobs, and still take care of your problem. You don’t have to move or look for a new accommodation. You don’t have to redecorate or prepare your home for potential buyers. The neighbors won’t see repossession or moving trucks. And you will save money: interest rates are constantly rising, so selling immediately will give you more money. These rates don’t affect rent, so you will not lose it by renting back.
June 26th, 2008
The incoming director of the Gulf Coast Fair Housing Authority knows firsthand how tough it is to find a home along the hurricane-stricken region.
Charmel Gaulden assumes her new job Oct. 1, but she has been unable to find a place to live.
“I’ve been communicating with real estate agents. I just haven’t seen any vacancies. You call about a property or you send an e-mail about a property, and it’s full,” Gaulden said in a recent telephone interview with The Associated Press.
Her predicament is indicative of the housing crisis on the coast, a situation some say could lead to increased incidences of housing discrimination.
More than 200,000 homes and rental units were destroyed or heavily damaged by Hurricane Katrina, according to federal estimates.
June 23rd, 2008
Now more than ever, UK homeowners are facing a grave reality: If they do not keep up with skyrocketing mortgage costs, they will lose their houses to repossession. Before the credit crunch, a fair amount of property repossessions were recorded in the UK each year. However, since the sub-prime crisis began wreaking havoc on the property market in 2007, the number of house repossessions has soared, and thousands of individuals have lost their homes each month.
When it comes to house repossession, most people know that eviction forces individuals out of their properties and, in some cases, onto the street. But did you know that house repossession could have a severe impact on homeowners and their families in a number of other ways too? And exploring the alternatives to a real house repossession reveals the sad fact that there are few legal steps an individual can take. Fortunately, there is now a great option open to those seeking to stop house repossession: sell your house and rent it back.