my girlfriend wants me to buy a house with her, sounds good but i don't want to get screwed here.?
114983
write up a contract for the work you do just like you would for any other job - then write up a contract between you on the house agreeing to who owns what (in $$ or %) and establish now that future value is shared, how it is to be established and you get credit for the original invoice for your work.  you should also establish that if one party has to move along, it is expressly implied the other party should pay the other for what they are owed and get a mortgage or else they will need to move too if that becomes the case. you can write it up yourself, just think about how you would want it to be decided if you split and write it down.  you have to do it so it keeps you happy partners.  if you don't know how, there are samples on the web of contracts you can modify or find someone you trust to write it down for you.
940904
If you are already concerned about her wanting the house back, don't do a land contract (AKA contract for deed).  On these, when you do get your financing together, you need her to sign it over to you.  If she refuses, if you can't find her, if she's died, you've got trouble... you called her your mother in law..... if you get divorced from her son... probably trouble too.
222756
Ibid, you have no legal obligation.\n\nAnd, it sounds like you are asking for 'what's the right thing to do here?'...\n\nYou asked your roommate 3 months ago, and entered the apartment thinking that the whole time you'd be out come April.\n\nYou then, went out... spent time looking for another place to live... did the footwork... AND NOW she tells you.  You were cool with her.  Oversight or not, you've made a commitment to move that is conflicting only because of her error.\n\nShe is being inconsiderate of you.  This is a pretty big goof on her end...\n\nAnther thing too... why May 23rd?  nobody has a lease that ends May 23rd...  Leases typically are end of month or mid month for renting convenience.\n\nIt sounds to me that your roommate is buying a preconstruction house or something and her move in/closing was delayed, and she's trying to defer the costs...\n\nYou've already found a place, you've been through the headaches of finding a place... Move.
778347
I would talk to the builder and the agent you worked with.  If the price came down, and you are paying more than the value of the home, you may be able to get out of it.\n\nBasically you need to know if you're buying above value, or if the other buyers are simply buying below the real value of the townhouse.  Once you apply for a mortgage, it won't make sense for you to buy the townhouse above the market value.  \n\nWhether other people are getting a better deal is another story.  They may be worried about sales, so they dropped the price.  But again, it's all about value.\n\nAlso speak with the agent/builder and ask why prices have gone down.  Tell them of your concerns, and ask about value.  Check your paperwork to see what options you have.\n\nLearn more about mortgage, credit, and  finance at:\n\nhttp://www.thetruthaboutmortgage.com
698950
i currently work in loans at a bank, and along with her mortgage she can also get a home equity if she has equity in her home, buying for less than the property value, also need to check for covenants to add on to her home, there are lots of options out there, maybe she needs to get a second opinion from another bank not involved if the current one doesn't want to help. good luck!
835823
The sellers will have to accept the contingency. If the market where you live is booming, they may agree. But to help your chances make an offer at or above the asking price. Just remember that the house is still available for other potential buyers to see and make offers on. So you need to move quickly.
337145
I don't think you need anything creative here.  Do a normal refinance with cash out.  She pays you off and does a reverse mortgage (or whatever) 2 years later.  Nothing special about this.
71425
Look at your agreement.  \n\nI believe that if YOU are the one that FOUND that house it is your right to go through the whole deal with just your attorney and the seller.  \n\nGood luck to you.  I sold 2 houses and bought 3 with out any realeste agents!  So it is possible to do.   \n\nOur first sell - we were insecure and signed with an agent and the deal was that if we sold it on our own we wouldn't owe them a penny.  So we did it.  This may be the case with you... Kind of like you are both out there pounding the pavement.  They are looking for you and YOU are looking for you. Who ever finds the house that you want - will get the credit for it.  If you found it on your own then you get the credit for it - they shouldn't have any right to that sale unless you want them to and give them that power.  \n\nGood luck - look at the contract you signed with them.
730251
Well you could try to apply for a loan and purchase the home from her.  if you are interested in applying and getting a approval fill out an application on http://justgetaloan.net
1149062
You are both legally responsible for the house mortgage since, as you said, you bought it together.\nNow would be a good time to come to some agreement on the house and/or any other properties you acquired together and allow one to buy the other one out, or sell the house and split the profits.
778557
I won't rehash the advice given by the first two answerers as it is spot on.  \n\nJust make sure you two plan on being in the same area for a good amount of time.  How long have you been married?  Of course the only concern is you are both so young, and if your plans change or one of you decides to go to college, it could create a mess for you.  \n\nBut as long as everything remains stable, owning property is always a good thing.  I just bought my first house with my girlfriend and I was 26.  Just turned 27.  We had a great experience.  We bought a house that needed a little work.  Got a great deal and with a little cash and sweat equity it is in great shape now.  \n\nGood luck!
1165901
Let wifey finish school and then buy the home. There is no use rushing into a mortage and you are not financially ready. It may mean a few more years but it can also give you a peace of mind. Good Luck!
1123881
There is a problem with what you just said.  In a nutshell, you are saying that you cannot afford the home you want, but still want to get it.\n\nBEWARE!!!  This is not a good situation to be in.  Buy what you can afford.  Do not get sucked into odd loan types just to be able to afford a home.  This will cause foreclosure.  \n\nBuy a home that you can afford, please.  I understand that your intentions are good, but many people seem to want to bite off more than they can chew, then in the end, they end up adding to the already astronomical foreclosure rate.\n\nCheck yourself and work with a good Realtor and tell them what you are looking for.  It may take some time, but chances are, one is going to eventually come up fro sale.
231456
If she is listed on the policy then there should not be a problem.  Was the house in both their names?  Call her local agent and let them know that the check needs to be rewritten or check with the bank to see if they will accept the check as is.
778734
You had your sellers sign the counter?  That ties the house up.  If you get a better offer, you need to hurry up and withdraw your counter.  If you get another offer that's worth responding to, but not accepting, then you're in a pickle.\n\nI think they'll think on it a while, then sign it.
946640
By all means. Yes! however , I wouldn't be asking nor would I be demanding. The best approach is a non-confrontational statement of facts approach that goes something like this: Our lender has sent out his appraiser to your house. The dollar amount they are willing to lend does not provide sufficient funds for us to consummate the purchase of your house at the price we thought we would be able to pay. We still would love to buy your house but to do so we would only be able to pay "X". If this is agreeable to you please let us know ASAP as we will need to continue our house search if it is not.\nOh, by the way someone has removed part of the climbing wall that we had both agreed would remain and I have 3 estimates attached to this letter for what it would cost to put it back in the condition it was in when we reached our agreement. This also needs to be addressed either thru the replacing of the missing portion of the climbing wall or the retention of "X" dollars in escrow to cover the cost. Thank you. We look forward to hearing from you and hope we can work out these details speedily.\n\nDO NOT CLOSE ESCROW UNTIL YOU ARE SATISFIED. Everyone else makes money when you close. The seller, lender, Realtors, title company etc. YOU HAVE THE POWER TO HAVE IT YOUR WAY UNTIL YOU CLOSE ESCROW THEN IT ALL GOES AWAY.
391357
i wouldn't do it. \n\ni would never live in another womans home. it will ALWAYS be her home..especially if there are kids. \n\nhowever...asking a boyfriend...to sell a home to move into an apt. doesn't seem very mature either.  especially since you two aren't married nor does it sound like there are any plans to marry. \n\ni would keep my place..have him keep his...and share a bed once in a while. if it gets serious..then both of you move out and buy a home together!