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i am renting a house in forecloser and i need info on how to buy it. who do i contact?
yes you can
Yes but that would be a very stupid thing to do.
They bought it.
You could obviously either buy a house for them or you can give them your house then you can buy one for yourself or you could build a house then you would not need to by anything.And the last option is rent a house then gather enough money to buy one or carry on renting and renting.
When you buy a house, you just need to pay one lump sum. There will be no additional charges unlike renting a house which may eventually be more expensive than buying a house alltogether. Also, when you buy a house, you can redecorate freely rather thn waiting for the Landlord giving you permission
Look in whatever area you are interested in renting in and see if you can find a house you like. Once you find one, ask the broker if you could rent instead of buy and how you could do that.
no that would be wrong
If you buy a house, you can begin building equity and you have an investment that can be sold if you wish. Renting does not give you such benefits, but is nice if you need a short-term place to stay.
No. If the house is also in her name she does have a part ownership of the house and you will need to go to court to remove her name and buy her out. If she isn't on the deed and has been renting leaving her items in the house is not a claim of ownership and she is actually preventing you from renting the house again. You could take her to small claims court for the rent since she left furniture in the house and that means she is still there. Therefore, she owes rent.
As a General Rule, Its smarter to build up your own equity on being a Homeowner. Instead of putting your hard-earned money in renting. However, there are some things to consider: 1. The location of the House versus workplace. 2. Size and amount of the house. If the monthly payment is similar to renting a condo space. Might be smarter to buy instead.
If you purchase a home you have to pay a mortgage which is a repayment of a loan you used to purchase the house. Paying rent is when you sighed a leasing agreement for an apartment you are renting.