I mean, the contract says "As is." And they sign it and yet some people actually ask for things fixed up after closing?
120704
You always ask! After having a home inspection it is customary to present the seller with a list of defects and demands to fix them. On an As Is sale the seller does not have to do them, although I would check with a lawyer regarding any items that are fixing up code violations.\n\nI have sold and purchased AS IS and in both cases adjustments were made to the final price to reflect some of the fixing up costs.
205636
it is when the company, usally a smaller bank or credit union cannot afford to own their own mortgage loans.  They outsource, or have have someone else do all the work and take the financial risks of the loan.  the middle man (bank) gets a certain fee each month the loan is current and on the books.  it is a way for small financial institutions to provide full service.
651631
My husband & I bought a foreclosed home last year.  We actually looked at several.  We chose this house because of its location.  It had been vacant for 2 years, and not well maintained prior to that.  We knew all of this before we made the offer of nearly 25% less than the asking price (which was low for the area to begin with).\n\nThere was some extra paperwork, mostly releasing the bank from any liability for things that did not work.  Nothing worked.  Our offer was accepted within 24 hours, and it still took 6 weeks to close on an unoccupied house with a cash purchase.\n\nWe have been doing renovations since December.  We have been doing them ourselves and have saved tens of thousands of dollars.  Even with all of the work we have still spent less than 1/2 of the curent market value of similar homes in this area.  If we had it to do over, we would.
579293
It means that you are about to sign a contract of some sort.  It's like an agreement.
125239
it's not a bad deal for people who might have trouble qualifying for a conventional loan.  It's usually an owner who owns the house outright and wants to have that interest on the sale (like what the bank would normally get).  That owner will have a lien on the house the way a bank that did your mortgage would.
270139
Did you read the "fine print" in the loan contract? Looks like you need a lawyer.
456533
They r going to go after property that u have....also, bankruptcy is a pain for the future i've heard when trying to ...rebuild yourself.
636037
My dad discovered some small print a few years back where they couldn't charge the redemption fee if you're remortgaging with the same company (not sure if it applies to all companies however) - it pays to read the terms and conditions very thoroughly for any loopholes there are because these firms never advertise anything that will lose them money... it may even take 3 or 4 nuisance phone calls to make them change their minds.. persistence is the key!  Keep complaining and you'll get anything just so they can get rid of you!
189858
They may have hired someone else already or the person required to make that decision could be out .\nIts time to call to see whats up.
338868
It means it is not an offer.  If you sign it, it will not constitute an acceptance and it will not become a contract.
492873
It's probably a lot of stupid stuff they will make you explain, like a late payment, a gap in employment, that sort of thing.  First-time homebuyers have to jump through hoops for financing.  The best thing is, if you execute it perfectly for the next several years, the very next mortgage you apply for will happen almost effortlessly.
603978
Not really, reading the contract before signing is key.   If you didn't sign anything than just return it.  \n\nThis is very common, a salesman will straight out lie to get the sale knowing there is nothing that can be done after the fact, if the customer catches it before hand he can go oops, if they don't then he gets the sale and moves on....\n\njust another reason why the buyer always needs to keep their eye open
420896
it depends on the contract you signed.
496033
People are funny. You never know who might sue. it sucks to say that about friends, but that's just the way it is. Draft a waiver, get a alwyer to look it over and amend it if needed. They probably won't mind signing, but don't be surprised if somebody gets offended. If they do, don't invite them back. We've been playing on my property since 1990 and I've never asked them to sign a waiver. We've had a couple twisted ankles and a run in with a barb-wire fence, but no one has ever tried to sue. But, it never hurts to protect yourself.
527949
I have seen them in action in the state of New Jersey. I found that there were many realtors, and developers there, and other professionals that were prepared to gobble up the bargains for re-sale. I would not partake in this type of purchase.
491404
If you accepted a contract... on their part right or wrong, it is a legally binding agreement and they must honour it...\n\nthe honest truth is that you probably wont get much out of it getting 'legal' about it all, but from the scenario you've put across your quite correct, they have broke the law through breach of contract.\n\nPersonally, i wouldn't fight too much on this issue... just keep pestering them and they might offer you a comprimise.
252178
your property still has a lien on it\nI can't understand how anyone could've bought your house unless they paid cash and didn't have the services of a lawyer\nneverthe less these people can sue you for selling a house which they cannot get a clear title to