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Home sales down, but better for year

Home sales down, but better for year
Home sales in Cherokee County took another drop last month, but the market still is better off than it was at the time last year. There were 179 home sales reported in the county last month, accor…

Read more on Cherokee Tribune

is it possible to buy a (run down) house which i would renovate for either sale or rental as a student?

Thanks for taking the time to answer.

I am a 19 year old student (England) who is currently at university studying biomedical science. however i was wondering if it was at all possible to attain my dream of buying a rundown house on the cheap (say at a auction) and fixing it up to a reasonably high standard for either quick turnover or to rent. ultimately i would like to do this as a business.

so basically my question is to whether there are any ‘buy to rent’ mortgages or something that will allow me to do this without immediate capital.

I can afford my House, but i’m upside down; Should I sell?

Hi all,
I’ve tried to do a loan-modify, but the banks don’t want to listen to me because on paper I CAN afford it. The price owed is 520k and it’s now worth in the neighborhood of about 300k. I’m locked for 30yrs and have a good rate on the first and the second rate is ok.

I don’t live a lavish lifestyle or have CC debts. But little things like groceries and basic living expenses eat up most my free money. Needless to say, I’m sorta tight. If i have an emergency I have a tiny 401k Investment that I could tap into if need be.

I don’t know much about real estate, I do know that I bought at the wrong time! However, I don’t see the real estate market appreciating in my area anytime soon to reach what I owe on this house. I wanted this house to be a long-term investment and pay off a school loan. But now i’m still stuck with the school loan and an upside down mortgage.

So my question Is:
Even though I can afford it (barely), should I try to get rid of it? Or should I bite the bullet and let it go? Either through a quick sale or something?

Any advice is appreciated.

HOUSING: Prices, sales up for new construction in San Diego, down in Riverside

HOUSING: Prices, sales up for new construction in San Diego, down in Riverside
After five years in which home building very nearly halted, SanDiego County’s new-home industry showed signs of life in Februarywith increases in sales and median price, according to an industryreport released Thursday. Riverside County’s new-home salesremained stagnant.

Read more on North County Times

Since PMI pays down to 80%, then bank sells for quick sale.?

The bank received 85% of the loan with the sale of our house. The PMI only had to pay 15% to the bank. Why do we still have to pay the deficiency? The bank still received the money for the total loan then. I am still confused????

what are down falls to selling a house to an investor instead of a realtor?

trying to make a quick sale to get out of my house. What is a short sale? And should I not go through an investor instead of a realtor

Man Defies Police, Burns House Down

Man Defies Police, Burns House Down
BURLINGTON (AP) — A Burlington man who asked for and was denied permission from police to burn down his house has been charged with arson. Actionland Camper Sales and Services owner Kenneth Dix was charged Wednesday with second-degree arson and first-degree criminal mischief.

Read more on KCRG-TV9 Cedar Rapids

Realtors: Arkansas Home Sales Down 1.3 Percent In January

Realtors: Arkansas Home Sales Down 1.3 Percent In January
Home sales in Arkansas fell 1.3 percent in January, according to a report from the Arkansas Realtors Association.

Read more on Arkansas Business

Canadian home sales down, prices up

Canadian home sales down, prices up
Canadian existing home sales were down by 1.5 per cent in February over a month earlier, although prices continued to increase.

Read more on Toronto Star

Private home sales down 19% on-month to 1,196 units in Feb

Private home sales down 19% on-month to 1,196 units in Feb
SINGAPORE: Private home sales kept up their momentum in February, with 1,196 units changing hands.

Read more on Channel NewsAsia

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