All Forum Posts by: Frances L.
Frances L. has started 19 posts and replied 57 times.
Originally posted by Lynn Z:
I think the $8000 just for first time buyer.
Post: Question about general contractors.
- Homeowner
- Abington
- Posts 61
- Votes 1
here is the license database for pa.
http://www.clsi.com/contractor_license_pennsylvania.htm
Originally posted by James Young:
The AP is reporting this weekend that on Monday the Fed. Govt. is releasing a plan to sell toxic assets to lure investors with discount prices and Govt. aid.
The plan as reported is three-fold.
1. to create an FDIC backed entity to purchase and hold bad loans.
2. to expand a Fed. Reserve facility to include "Legacy Assets" that is currently only set up to buy newly issued securities. (not exactly sure what a Legacy Asset is - sounds racey though)
3. to use public / private investment funds to purchase mortgage backed securities.
I am wondering what if any affect such a plan might have on the average invoestor. Namely should the FDIC purchase bad loans how will that affect the broader forclosure and REO market? and how would the governments holding of these loans affect the cost of aquiring said properties?
Again I am not looking to Government Bash I am just wondering what the Forum is thinking about the Federal Government's attempts to intervene in Housing / Mortgage / investments.
I think they want the house price up.and has more tax income and transaction.
Post: Great way to get the word out
- Homeowner
- Abington
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Originally posted by Jon Holdman:
Thanks. I just started it and tried to learn .
Post: Great way to get the word out
- Homeowner
- Abington
- Posts 61
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Originally posted by Richard Warren:
http://webfilehosting.com/BOHMNIMRF142/Rehab_Presentation.ppt
I got that would not find server error,.
Post: tear down vs. rehab
- Homeowner
- Abington
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Originally posted by Tim Wieneke:
insect damage
Thx.
I know a house owner they purchased a house $750,000 in Oct, 2008 with real estate tax is $15000. They have old house which it has $180,000 mortgage and tax is $7500 which is vacated to sell.
According to my estimate, it is hard for them to handle two mortgages and two real estates. I want to purchase their vacant house. Most houses in the area list price are $260,000 right now. Due to the financial down turn, not so many people like to purchase to the area ( the real estate tax is high and houses are old and charm). The owner has emotional attachment to the old house. They put the house sale by owner $389,000 and open house every week since Oct. no one offered yet.
I want to purchase the house for $200,000. I told to owner about that. They said are you talked about half price. I told them it is hard to find qualify buyer. With so many houses in the market, they seems not convincing
Post: Real Estate - What value does it really have?
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- Abington
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Thx. My question -depreciate the building over 27.5 years, so there's another $17,000.
how you get that $17,000?
Post: Real Estate - What value does it really have?
- Homeowner
- Abington
- Posts 61
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Originally posted by MikeOH:
Add that all together and over 30 years and that comes to $106, 240 for a property that I put nothing into.
Mike
Mike:
I do not know how you come out $17,000. , $106, 240
Thx.
Post: Free Property Analysis Worksheet
- Homeowner
- Abington
- Posts 61
- Votes 1
I tried to put my number in. It did not work so well in my situation.i have second mortgage.