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What is the name of your state? Texas
I had an incident happen at a retail store. I pulled into a parking lot, there was only one open parking space available. I was going to pull into this empty space, when a woman in an SUV next to this space, had a baby stroller behind her SUV. I tapped on...
Liability on Assumption
Hi David & Home Guru,
Thank you so much for your replies..I contacted Atlantic Mortgage Co., the house actually went into foreclosure status on 10/16/00..It was "auctioned" off on January 2, 2001...The mortgage company would not disclose the amount..From my...
I wish I were in the position to assume the house back...The Sheppards are probably close to 6 months behind on payments which basically means I'd have to cough up around $5,000, unfortunately, I don't have this type of cash flow as I'm busy trying to get a roof put on the house I'm in now...
fully assumable non-qualifying FHA
Barnes orginated the note with Victoria Mortgage Co. in 1987. In 1989 the note was sold to Atlantic Mortgage. I purchased house on assumption from Barnes in 1992; I sold house to Sheppards in 1995 on assumption.
In the sale of the house, I did not sign a...
Hi Home Guru
Got a question and I probably have a nightmare on my hands..On 2/25/92 I bought a house in San Antonio, TX from Owen Barnes. The note was an FHA; fully assumable; non-qualifying.
On 10/13/95, I sold the house to Andre Sheppard. They assumed the note.
I know that on FHA, after 5...
Update
Hi Home Guru
Thanks for your reply, you've really helped me out!
I agree, if push came to shove, attorney fees vs. a new roof, I will take the new roof...I've applied for a home improvement loan, the loan officer is the one who handled my mortgage, he's a gem so he knows me...
State...
Update
Hi Home Guru
State Farm's agent called me and they don't see how damage was due to ice. I reviewed my State Farm homeowner's policy with regard to coverage. I DO NOT see where ice is included (it does spell out hurricane; wind; and hail), nor do I see where ice falls under exclusion. I...
Cause of action on roof
Hi Home Guru,
Thanks for the response. This may seem like a dumb question, but how is it possible that I may have a "cause of action" against the seller? She did disclose in the seller's disclosure statement that an overlay was done 4 years ago. At the time she listed...
Sale of house contract
I forgot to mention, in the sale of the house contract, there was no mention of the roof repairs to be made. The seller was an elderly lady (over age 65), and she probably assumed that the roof overlay was done properly. Little did she know they did a really bad job.
Thanks for the information - got one last question
Hi Home Guru,
Thanks for the reply, my intention is to file a complaint with the State Board of Realtors (Texas) against the home inspector; State Board of License (against inspector); State Board of Insurance (against insurance co.), etc.
I...
Good for you - take it one step further though
Congratulations, I'm glad to see someone prevailed!!! Now, you need to go one step further in the process to prevent this and clear your credit history.
Contact ALL 3 credit bureaus (Experian; Trans Union; etc). Any negative reporting that shows...
Bankruptcy
Just to let you know up front that I am not an attorney. However, as a result of my divorce I had to file bankruptcy (Chapter 7) in 1990. I filed my own bankruptcy which saved me about $2,000 in legal fees.
Depending on what state you live in, your assets and possessions that you...
I purchased an 18 year old home in September 2000 in Plano, Texas. During the option period, I had a home inspector come out and contacted State Farm Insurance to see if they would insure the house. The original roof is a wood shingle. According to the seller's disclosure statement, a...
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