Keeping my old house or get a new one.?
964043
Is your home your investment tool or where you want to live?  It's nice of course to expect to make some money when the time comes to sell your home, but there is actual value in liking where you live, not to mention having a mortgage well within your means.\n\nStay where you are, make your house your home.  Enjoy it and live with little financial stress.  That's better for your health, your marriage, your children and the country.
938232
depends what your house looks like\nand your taste since ur gonna keep
1121808
Contact the loan officer, and ask him, most will allow a death foreclosure, but you will have to pay a penalty for this house. But consider it carefully, you may not want it now, but in time you may want it for it's sentimental value that it was your fathers. but also look around and get the house reappraised, it may be worth more than you think. Also if the previous owner died I think you have so many days to just give it back to the bank in leu of paying the loan, unless you have already begain to make payments then that ship has sailed.
816448
If it went up for sale in 2006 then it was built in 2006.  Condition, style, and location are more important than the age of your home.  Homes don't depreciate over time like cars do, quite the opposite in fact.
224949
The most important thing for you to do is find a reputable contractor to repair you house after it have been damaged severely.  \nIf anything else was potentially destroying your most valuable investment would you cut corners???\n\nSeriously, your being silly.  Call a professional.
477463
First decide how long you plan to keep the house.  Is it for 5 years or for 25 years ?  If you plan to keep the house for a long time the traditional 30 year mortgage is the way to go.  Many people keep their first houses less than 5 years when most of the payment is interest.  if that is the case a 5 year adjustable rate mortgage (arm) is best. But when taking out this type, do a worst case scenario i.e. if itcould increase 2% for example, run the numbers and make sure you can make the payment.\n\nNo matter which you choose, make sure your credit score or fico score is as high as it can be.  You should be able to get this on line.  If you have a high score --over 700- your rate will be lower than a low score 500 -- and you will pay much less in interest. If your score is not high, try to pay off your credit cards and after that charge a very small amount , $50 a month a pay it off in full each month.\n\nBuy an easy to read book on mortgages like Mortgages for Dummies and try to understand it well.  There are literally 100 or more mortgages to choose from and it is very complex.  The mortgage broker wants to sell you one and not necessarily educate you forthe one best for you. Buyer beware.\n\nIf you belong to a credit union, it will offer some very good rates.  Try that first. \n\nFinally shop around and check programs at various places and ask, ask , ask if you do not understand.  One time a mortgage broker tried to sell me a mortgage that appeared to be $500 less a month than any other.  I asked how that was possible and she said they $500 would just be added to my principal mortgage.  In other words at the end of a year my mortgage would be $6,000 more and after 5 years it would be $30,000 and of course my monthly interest payment would go up.  Notice she did not offer to explain this . \n\nGood luck and rememeber ask, ask ,ask  until you are sure you understand what you are getting
690553
That would depend on how long you are planning on keeping the house and/or the mortgage. Most people refinance about every 5 years but that may change with the interest rates going higher. I could contact a mortgage company.
678842
Sounds like you should go to CO. If the wife and kids want to go and your going to make a lot more money there should be no question. As far as your house goes, you have a couple options. You could put it on the market, but as you said it will most likely sit for a long time. Or you could lease it out and apply the money you make to a new investment in CO. Whichever way you look at it you need to realize that your house in AZ is most likely less desirable a location than where you would be living in CO. If you stay in your house in AZ and the market continues to go down (which it will), you can kiss your 90k goodbye (when the market goes down , salaries do not go up especially double) and you can kiss your nice life in CO goodbye because you will be sitting on a house that is not worth what you owe on it and you will be trapped. It's going to be a hard decision, but if it was me I would definitely go. You don't want to get stuck in blazing AZ especially when you come from beautiful CO. Good luck with your choice.
246716
yes they would.  the value of your new home would be taxed accordingly.  a rebuild is taxed higher, leave a wall up and its only a remodel, taxed lower.  But to be safe, check with the city.
128107
If htey gave you the house and you are paying the notes, do you have a ocntract with them?  Has it been transferred to your name?  These are things you need to check out.  Sounds like they still own the house, and if so I would take my 842.00 and go elsewhere to live or have to put up with controlling in-laws and a nosey sister-in-law.
933772
While you are quarreling, the house and shop value is deteriorating.  Ever see old houses falling down because heirs couldn't decide what to do with them!  How's that for preserving a parent's memory.  Have the property appraised and have those who want it give the rest their monetary share.  If some want just land, have the property subdivided.  Then there's the family where some kids are always given more than others.  Those are the ones who want the others to "give" them something instead of sharing the burden.
466279
Wow - what a question.  Well, if your home is taken from you, it sounds like you'll never be able to go back.  If you are taken from your home, it sounds like you could conceivably go back at a later date.  Neither is a good thing, but I think having your home taken from you would be worse.
997654
Where are you and what are the other homes in your area doing on  there property.  You don't wanat to be the first to overdevelope the neighborhood.  Do you have a pool?  A guest/poolhouse might be a consideration.  Are you planning to live there for many years or flipping the property?\nSometimes you can answer the question by playing devil's advocate.\nDo you want your "guests" IN your house ALL day?
670507
It will be your principal residence even if you are not living in it at the time of renovations.  Don't deal with the morons at a call center.  Find an agent in your local community: http://nwinsurance.nationwide.com/nwagentlocator/find.asp
1141906
Can you track down your sister?  Maybe one of your relatives knows where she is.  I'd probably try to find her first and talk to her about buying her share of the house.  That would probably be the most straightforward and least expensive route.  \n\nPrepare beforehand.  Take the current value of the house.  Divide it in half.  From that half - subtract the mortgage you paid (if she took all the money), half of the taxes you paid and half of the repairs you had done.  Add what you would have paid for rent to live in the house for that time. (Forget the water bills since you used the water.)\n\nThen subtract what you would have paid for rent during that time.\n\nBased on that figure - decide what you're willing to offer to buy her out of the house.  Start on the low side so you have some room to negotiate but be fair.  If you can reach an agreement here it will save a lot of legal fees and hassle.\n\nOtherwise - see a lawyer.  I'm sure a lawyer would be able to advise you on how to use the value of the house to get the repairs done.\n\nI'm not so certain about getting your sister's name removed from the deed.  Your parents wanted her to have half of their home.  While it's your duty to protect your sister's investment by getting the repairs done - it doesn't seem right that you should take her share of the inheritance.
316920
Sounds good to me. Start talking to a bank or a reputable mortgage broker. Let them tell you how much they will finance and put down as little as possible. Keep looking for a house. Remember location is very important. Keep an eye on the neighborhood you are looking for a house and see how long it takes for a house to be sold. Also find out from a Realtor, how much the house price has gone up since last year on average. When people look at the house, they estimate the fair value based on square footage. In that sense, fixer-upper with larger square footage than typical neighbor houses would be a good one. Cul-de-sac is also  nice. Avoid houses on busy street. \n\nKitchen and bathroom remodeling is a must. A hard wood floor in even one room make it an upgrade. Estimate the material cost and add it to the house cost. That what you need to sell the house for to get the money back. Extra will be your profit. See if that's a reasonable expectation. Also don't forget, when you sell the house let's say in a year or two, you need to pay 6 % (more or less) to a Realtor unless you sell without one (which may be difficult). So, you need to add that to your cost, too. Good Luck.
210632
Get a new mansion and fill it up wit ho's