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 1 
 on: March 21, 2010, 09:26:09 AM 
Started by admin - Last post by admin
Sandra Bullock and Jesse James are not living under the same roof right now.

The actress left the Southern California house she shares with James just days before a report of infidelity by her husband surfaced, a source tells PEOPLE.

PHOTOS: Sandra & Jesse: Scenes from a Marriage

Bullock, 45, left on Monday, the source says. Bullock, who won her first Oscar – a Best Actress award – for The Blind Side on March 7, also abruptly canceled a trip to Europe for the London premiere of the film.

Bullock and James, 40, met in 2004 during a tour of the set of the Discovery Channel's Monster Garage, which James starred in.

The couple married a year later, in July 2005 in a sunset ceremony at a ranch north of Santa Barbara attended by 300 guests.


See what other readers have to say about this story – or leave a comment of your own

 2 
 on: March 21, 2010, 09:24:31 AM 
Started by admin - Last post by admin
1.Foreclosure proceedings vary from state to state. In states where mortgages are used, home owners can end up staying in the property for almost a year; whereas, in states where trust deeds are used, a seller has less than four months before the trustee's sale.

2.Almost every state provides for some period of redemption. This means the seller has an irrevocable right during a certain length of time to cure the default, including paying all foreclosure costs, back interest and missed principal payments, to regain control of the property. For more information, consult a real estate lawyer.

3.Many states also require that buyers give to sellers certain disclosures regarding equity purchases. Failure to provide those notices and to prepare offers on the required paperwork can result in fines, lawsuits or even revocation of sale.

4.Determine whether you're the type of person who can easily take advantage of a seller's misfortune under these circumstances and / or put a family out on the street. Oh, critics will argue it's just business and sellers deserve what they get, even if it's five cents on the dollar. Others will feign compassion and trick themselves into believing they are "helping" the home owners avoid further embarrassment, but deep inside yourself, you know that's not true.
Buying a Home at the Trustee's Sale

Check with your local county office to find out how sales in your area are handled, but common threads among those I see in Sacramento are:

•No loan contingency
•Sealed bids
•Proof of financial qualifications
•Sizeable earnest money deposits
•Purchase property "as is"
Sometimes buyers are not allowed to inspect the house before making an offer. The problem with buying a house sight unseen is you can't calculate how much it will cost to improve the structure or bring it up to habitable standards. Nor do you know if the occupant will retaliate and destroy the interior. On top of that, you may need to evict the tenant or owner from the premises after you receive title, and eviction processes can be costly.

 3 
 on: March 21, 2010, 09:20:56 AM 
Started by admin - Last post by admin
Rent to Own, Lease Purchase & Lease Option Homes

Rent-to-own homes provide buyers-tenants and sellers-landlords additional options during questionable times for the market or the individual parties. The general agreement allows for a potential buyer, who may not have the capital to buy the house out-right or the credit to get a loan, to pay a deposit up-front, traditional rent and a rent premium and live in desired home immediately. RentalHouses.com has hundreds of rent-to-own homes available, as well as regular homes for rent nationwide.

The deposit on a rent-to-own is usually between one and five percent of the property price. The traditional rent goes straight to the seller-landlord, as in any other rental agreement. The rent premium acts as a further deposit toward the purchase of the house. Most rent-to-own contracts are fairly short term – one to three years is the usual length – and the price of the property is usually established at the contract signing. However, other details of the arrangement depend on which type of rent-to-own agreement you enter.

Lease Option

A lease option allows the buyer-tenant to work towards the purchase of the house without an obligation to buy. This arrangement provides the buyer-tenant 12 to 36 months to save money or raise a credit score that is slightly below the needed one. A lease option also reduces the potential buyer’s anxiety about making the long-term and all-inclusive commitment of purchasing a home and provides him or her time to further consider the pros, cons and responsibilities of home ownership. At the same time, a lease option agreement gives the seller-landlord more security than with a traditional renter. The tenant can ultimately decide not to by the home, but he or she usually forfeits the original deposit and the rent premiums paid every month.

Lease Purchase

Unlike a lease option, in a lease purchase the buyer-tenant agrees to buy the house in the initial contract and is obligated to follow through with the purchase at the end of the lease term. A lease purchase provides the seller-landlord the most security outside of an out-right sale, as it contractually guarantees the eventual purchase of the property by the buyer-tenant. However, both parties should be cautious if the agreement is hinged on a significant savings or credit score improvement, as a failure to accomplish either may result in a continued inability for the tenant to purchase the home, leaving both buyer and seller in a lurch. If the tenant ultimately decides NOT to buy the house, he or she faces the potential consequences of a broken contract in addition to losing the deposit and rent premiums. The seller, then, also faces legal expenses in pursuing the broken contract.

The path to a successful rent-to-own – for both buyers-tenants and sellers-landlords – requires a solid and detailed contract and a thorough game plan. If potential buyers engage in a lease option or purchase in an effort to improve their credit over the lease period, they should make sure they do in fact raise their credit scores and will be granted loans for the mortgage. Otherwise, premiums and deposits will be surrendered, and they may end up in a worse position than in the beginning. Likewise, sellers-landlords should enter rent-to-own arrangements acknowledging that they are usually long-term solutions and not avenues for immediate capital. For security and planning, both parties should establish a property price at the beginning of the agreement – or decide to go with the market price at the time of the purchase – and write the price into the contract.

Sellers, landlords and property managers who have available rent-to-own homes can list their property on RentalHouses.com’s searchable database. Simply add your rent-to-own homes and provide the information, listing price and option amount on the listing form. Searchers can also get information on lease options and purchases through our regular homepage searches by narrowing their search to houses with lease option or purchase agreements.
Rent To Own

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