Real Estate

I’m going to file bankruptcy and put my townhouse in it. I hate to do it but the value has dropped about $30k in 1 year! I owe $94k and it’s worth about $63k now! Section 8 has moved into our area and the crime keeps going up. There are 26 other townhouses for sale around here and starting at $52k. Most are foreclosures.

So my question is this. I am going to file bankruptcy next month and put the condo in it. How long do I have until they kick me out? Does anyone know how that works? I know they are backed up and I’ve heard stories where people stay up to 2 years! I don’t know if it’s different since it’s not foreclosure, but bankruptcy. I want to stay here for a few more months until I can find a new place.

Thanks ahead of time!

You will have a few months. Here’s the process.

1. You file for BK. At this moment, all creditors must cease collection activity including repossessions and foreclosures.

2. 60 days later (more or less), you attend the meeting of creditors. You swear under oath the facts contained in your BK filing are true and complete. If a creditor shows up, you will be asked additional questions.

3. 60 days later (more or less), the disposition of your case will be closed (usually you’ll receive a discharge of debts — that’s good.)

4. Bank will continue its foreclosure process, and the foreclosure process might take weeks or months from this date.

5. Bank will either sell the house or take ownership.

6. You will be evicted.

Mobile homes (NOT TRAILORS!), condos, and town houses are acceptable too.
I am helping my aunt find a place to live and have already searched on comfree, remax, royal lepage and a few other sites.

It all depends on where she is looking. Usually you can search for the area she is looking and you will get several options of sites. Realtor.com is another decent option, though it is not linked in real time to the MLS (updates only 1x a day).

Another option is to look for a Realtor to help her, usually the buyer’s agents commission is paid by the seller so your aunts interests as the buyer would be protected with a buyer’s agency agreement in place and it would cost her nothing on top of the purchase.

Some Realtors even have email listings set up, where you can enter your search criteria and then sit back and let their site work for you, it usually sends an update every am. My site sends it at 3am and is linked real time to my regions MLS and my clients love it, because they never miss something coming on the market that fits their criteria. You should also make sure she has been pre-approved with a reputable lender, so you know you are looking in the right price range.

And Mobile homes generally are trailers, so I am guessing you may have meant modular? It can be difficult to get a mortgage for trailers and/or mobile homes.

Best of luck to you!

I am in college right now and am considering working in the real estate field dealing with luxury homes. I wan wondering if their were any agents who could give me tips on getting started or possibly even answer some question sI have through email or IM. Thank you so much for any help!

good luck…hard industry to break into…usually its "know someone"

has to be in the city.

Are you a citizen of the Philippines? If not, are you aware that there are restrictions on foreigners owning property there?

I’m selling my condo and there is a pending assessment for repainting exterior of condos; there is no amount established yet just talks…should I tell buyer? What is best way to ensure deal goes thru?

Most likely, your buyer’s attorney will find out about it prior to closing. Once buyer knows about it, you will probably have to find out from the HOA what the assessment will be and negotiate with the buyer who pays what. Logically, the assessment would be due as of a certain date and the owner of record on that date would be responsible for payment. Obviously, if buyer knows about it (which again I think they will) they may be less inclined to purchase. I think you run the risk if you purposely neglect to disclose it to the buyer that you could still be held resonsble for a part or all of the assessment even after closing. Good luck!

First how much would your payment be per month if you had decent credit and a $200,000 house. Also why is it that some houses are listed at $5,000? Are they really that cheap? Are some forclosures for decent houses really $20,000? I really don’t get all this stuff if you want the best answer clear all this up for me. Thanks!

Some are as cheap as 20k.
The ones that are that cheap are in need of lots of work, top to bottom, not in livable condition, and will cost you about 100k+ to restore.
Better off buying "decent" and doing some remodeling or cosmetics.
as for your first question, $2,000 (ish) I’m looking to put down a good amount and borrow about 100k, after taxes/insurance, I’m looking at roughly $800-1,000 a month.So, about double for a 200k loan I’m guessing.

Is there a website where buyers looking for homes sign up to? Specifically in California and luxury homes

No, those people are not signing up for online help, they ask their friends for referrals.

You need to make nice with the luxury crowd, which mostly deals with its own.

[Seffner Townhomes] [Seffner Homes for Sale]. [Real Estate in Seffner], Florida
View recently listed real estate properties throughout the Seffner, Florida area on Homes.com. We have hundreds of listings including condos, town homes, …
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Neighborhood demographics for Townhomes of Lakeview Village Seffner Florida.
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[Seffner Townhomes] of Lakeview Village – Neighborhood Information
Neighborhood information for Townhomes of Lakeview Village Hillsborough County Florida.
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New Seffner townhomes for sale or under construction in Seffner Florida see pricing, square footage, upgrades and options and more online today!
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Guiguinto, Bulacan Brand New House For Sale at Gold Ridge Village

215 sqm lot area

315 sqm house area

Ground Floor:

Entry porch

Living room

Dining room

Powder room

Main kitchen with built-ins: laminated doors, solid granite countertop)

Dirty kitchen with built-ins (materials same as main kitchen)

Study area / Home office with built-ins

Covered terrace with grotto & waterfalls

Laundry area with solid granite countertop, polycarbonate roofing

Utility area with polycarbonate roofing

Maid’s room with toilet & bath

Interior landscape with “gilingan” waterfalls

Perimeter fence with with exterior landscape

2-car garage

2 storage rooms

Back porch with trellis on polycarbonate roofing

Second Floor:

4 bedrooms with provision for split-type aircon

Built-in cabinets on all rooms

4 toilets & bath

Master’s bath with jacuzzi

Family area

2 spaceous verandas

Altar

Specifications:

Roofing – Riviera Filipina roof tiles (tisa) with undersheeting and stainless steel inside gutter.

Flooring Ground floor – granite tiles

Second floor – laminated flooring

Porch, terrace, verandas, lot perimeter – imported Italian tiles

Stairs, built-ins, jambs, doors – duco varnish

Stair railings, all grills – antique finish

Exterior walls – stucco finish with piedra stone cladding & mouldings

Interior walls – latex paint by Boysen

All countertops including laundry – solid granite

Interior & exterior landscape – first-class plants & ornaments

Perimeter fence – stucco finish

Bathroom tiles – imported Italian tiles

Bathroom fixtures – HCG brand

Grotto & boulders – monolith rock

Gold Ridge Village features:

Grand clubhouse

Main pool & kiddie pool

Gazebo

Park

Basketball court

Tennis court

Entry marker

24-hour security with roving guards

Friendly neighborhood (some foreigners)

Wide roads

For more information please visit the project website at http://www.filbuild.com/philippines/real_estate/property_classifieds/bulacan/guiguinto/001_new_house_and_lot_for_sale/photos_036.htm

For more Filbuild.com products and services please visit our Google profile at http://www.google.com/profiles/filbuild

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Villaggio di Montebello is located in Greenville South Carolina, just minutes from downtown Greenville. New home pricing starts out in the $500s. For more information on a local home builder, lot or new home pricing in this upscale luxury community, please call 864-268-4001.
Villaggio di Montebello. Come experience the quaint spirit of this European village, nestled in the foothills of the Blue Ridge Mountains and located only five minutes from downtown Greenville, SC. Inspired by Italian art and architecture, this pedestrian-friendly neighborhood invites residents to enjoy the intimacy of a village community.
Center Pointe Properties also builds in Tuscany Falls. This subdivision is located in Greenville, SC area.
Walk the tree-lined streets, while neighbors say “hello” from their loggias; meet your friends at the piazza; or take a bike ride through one of the many squares located throughout the village.
With the closeness of neighbors and community, Villaggio di Montebello is a place you can call home.
Villaggio di Montebello is part of the Montebello development located near Cherrydale Point. It features European, Tuscany (Tuscan), and Italian village style homes situated on the lower side of the mountain.
Villaggios amenities include parks, a stocked fishing lake, ponds, playground, a putting green, a bocce ball court, a tennis court, a swimming pool and a 2,000 square foot clubhouse ‘Club Bella’. Villaggio is in the middle of several very popular golf courses in Greenville, SC.

Come visit this exclusive new custom home subdivision ASAP before the lots and new custom homes are completely gone!

In the midst of all the construction in the subdivision Villaggio we were able to get a quick picture of Lance Armstrong and George Hincapie out doing some training for a pro cycling event.

Center Pointe Builders currently has existing spec homes for sale in Villaggio di Montebello.

Other neighborhoods we build new custom homes in are Tuscany Falls, Promenade de Montebello, Villaggio di Montebello and Montebello. Center Pointe Properties will also build on your own lot also anywhere in Greenville, Simpsonville or Greer South Carolina area.

If you are interested in learning more about this upscale neighborhood in the Upstate of Greenville, South Carolina, please call 864-268-4001 for more information

Please visit
www.centerpointeprop.com

Call: 864-268-4001

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