Business Q&A

Question:How long does a poor Real Estate market cycle typically last?
Answer: The two most recent poor Real Estate cycles averaged 9 years and below is a chart which explains breaks out differing intervals.
That being said, I took the liberty of explaining why I do not believe in the […]

Question:My credit score is a bit over 650 so a lot of people still dont want to loan large sums of money to me, however I have never made a single late payment on anything, I have heard trying to go thru the SBA is a real pain in the neck and doesnt usually yield […]

Question:how do you find out what banks holds the mortgage on a house?
Answer: youll find it in the county recorders office - everything is of public record on each particular parcel - usually index by owners name -start at the auditor office to get the legal description - […]

Question:I've never rented an apartment before and was wondering if anyone knows what they look at before renting to you?
I have a decent paying, stable job, never had any lates on paying rent (I've rented homes from private owners and can get references) but my credit is not that good. No criminal background.
Does anyone know […]

Question:Do you always have to have a down payment for a home loan? Me and my husband are wanting to purchase a home, but have no down payment…anyone know of good lenders for that?
Answer: You do not have to have a down payment if your middle credit score […]

Question:We bought our townhouse in May. According to http://www.zillow.com our house has increased in value about $8,000. We have decided that in 2 years we want to sell.(when we can sell without paying a 5% penalty) We want a yard. When we get tax returns we will get about $5000 each year. Will it benefit […]

Question:I have listed my property for 3 months with my agent, and it has not sold or got any offers. The contract period is for 4 months, but I have decided I cannot sell right now and would like to rent it out to this nice family. My agent is claiming I cannot […]

Question:I heard a TV real estate guru say that a person could buy property and receive cash back at closing. Anyone know how this is done?
Answer: This is *FRAUD*
Not that the law ever stopped most real estate gurus, but this one is a particularly blatant violation.
http://www.searchlightcrusade.net/posts/…

Question:Will a cosigner with great credit help get a lower interest rate on a mortgage? My middle score is 550.?
Answer: You have some good answers -
1. If the Co-signer makes more money, Lenders will take them First and You Second. If you make the most, […]

Question:I am moving to north carolina. The subleasing is to see the landlord and /or manager to fill out paperwork. I am not getting any extra forms. If the landlord sees that no damages, and security deposit is still there. Is that enough?
Answer: Whatever the LL accepts […]