http://www.kellystill.com/content/listdetail.html/60132407?proppos=15&ag_id=769146&pageclicked=2&RowCount=17&startpos=11&endpos=20&ids=59956585,59956584,53800945,56070673,60132407,58359181,59056220&propertyCount=17

Duration : 0:3:39

Technorati Tags: 3BA, 3BR, Atlanta, Georgia, Home, Lease, Luxury, Montclair, purchase, rent, Smyrna, Townhome, Vinings

Duration : 0:2:46

Technorati Tags: 2nd, agent, Condo, condominium, Diego, downtown, estate, for, Home, investment, Italy, Little, real, reo, sale, San, Townhome, Townhouse

Duration : 0:1:14

Technorati Tags: agent, Agents, area, Bay, Buyers, FL, Florida, for, Home, homes, Luxury, MLS, realtor, sale, south, Tampa, Tampa-Luxury-Homes, waterfront

PROJECT NAME: MERCEDESVILLE TOWNHOMES
DEVELOPER: J.LI Builders & Development Corp.
NUMBER OF UNITS:10 units
NO. OF STOREYS: 2
NO. OF BEDROOMS:3 Bedrooms
MAIDs ROOM: 1 (at the ground floor), with own C.R.
TOILET & BATH: 1 (at the ground floor)
GARAGE: 1 Car Garage

For more information, Please Contact:

REALTOR® Thessa G. Salas
REBL No. 20328
Tel: +63.918.985.8361, +63.2.641.1543
Email: thessa.salas@gmail.com, thessa_salas@yahoo.com
URL: http://bodegamia.sulit.com.ph, http://bodegamia.multiply.com

Duration : 0:4:3

Technorati Tags: affordable, cainta, greenwoods, house and lot, House and Lot For Sale, mercedes, mercedesville townhomes, pasig, Pasig City, philippines, townhouse for sale

I found a townhome that is for sale for $59900 for a 2/2 1106ft2. It is right next to the university. My boyfriend is renting in this same subdivision for $800/month for a smaller TH and my friend pays $1200 for the same as what I would get. So I know that if I decide to move/build I can rent it out.

I started my own business a little bit ago so my income is harder for me to get a loan before the tax credit goes away. I was just let go from my FT job due to downsizing. My father is willing to give me cash to purchase a place and I pay him back.

Options:
1)My father was going to buy it and then in 90 days I buy it from him with a mortgage per the laws. That would mean I do not get the $8K first time home buyer.

2) If my father gave me the cash as a "gift" would I be able to mortgage the TH later to pay my dad back since the cash is from the equity of his house? That way I would get the $8K tax credit.

Also, would you get into this? The total PITI for the TH at full asking price would be $530/month and is not homesteaded. It’s been on the market for a very long time with many price drops. It is now bank owned so I would deff ask for a lower price. It sold in 06 for $152K per the property appraiser.

I wanted to ask here before calling my Realtor on Sunday since he has a very sick wife. I live in central FL.
axaroth very good information!!! If my father is the lender to me and he files a lean. I understand I will be making monthly payments to him. Will the TH be in my name and will I be the one getting equity?

I also have $17500 for first time home buyers assistance. If my father is my lender can I still take advantage of that assistance as it would reduce the loan further?

Speaking generally, that sounds like a good potential purchase for your situation. Whether your dad pays cash and you pay him back, or you finance some other way, it sounds like your thought process is good. You know it’s a good price to buy and what the potential rents would be later.

Option one sounds like needless extra title fees and paperwork.
Option two: the IRS wont let him gift you that much in one year, so that’s out.

Option 3: Have your dad be the mortgage bank for you. So he just loans you the money and you pay him back with interest.

The only thing I would mention is that if your dad loans you the money and your name goes on the title, you have to go to the county and record the loan on the title. In other words, you ask to make your dad a lienholder so technically he could foreclose on you if you don’t pay. The reason you need to do this is that the IRS won’t let you deduct the mortgage interest otherwise. (they consider it a personal loan if your dad doesn’t have lien rights on the title.)

Anyway, good luck with it. Florida has been insanely overbuilt in condos and THs but it sounds like the one you want is well located for your purposes. Congrats— go for it!

This is a very nice home

* Resale Unit
* First-owned, slightly used townhouse
* Lot Area : 90 sq.m. or 968.40 sq.ft.
* Floor Area: 146 sq.m. or 1,570.96 sq.ft.
* P12,000,000 or USD252,280

* Unit Features
*Complete kitchen with modular cabinets
* Ducted kitchen exhaust system
* Provision for storage type water heater
* Provision for washer/dryer
* Utility Area
* Maid’s Area with own Toilet & Bath
* Walk-in closet
* Engineered wood flooring for all bedrooms
* Ceramic tiles at Kitchen, Living and Dining Areas
* Ceramic tiles at all Toilet & Bath
* Insulated roofing
* High pitched roof with Ivory color
* Panoramic windows
* Insect screen for operable windows
* High ceiling at Living Area
* Two car garage

Unit Finishes
*Granite lavatory countertop at Master Toilet & Bath
* Stone cladding at entrance columns
* Imported garage doors (manually operated)

Contact me at +63-917-7937893 for details.

Duration : 0:2:35

Technorati Tags: montgomery townhomes, paper moon, philippines, quezon city

He owes 95,000 on the townhome, we are asking 215,000. We are hoping to get 208000 for it. Now the townhome is in his name only. He had it before we met, so that money is his. He will have between 95,000 and 105,000 down payment on something new.

I make 41,000 as a legal secretary (and I’m up for a raise come january) and the only debt I have is my car payment and fixed things like car insurance, and phone bill.

He is a union electrician, but he is laid off. He is collecting about $45,000 per year under unemployment and has about $20,000.00 in a savings account. (he saw the economy going down and planned for it… he’s really good with his money (*cough* cheap *cough*)) and has no debt (not even a car payment) outside of his mortgage, which he has already paid up through the end of the year. When he is working he makes about $75,000.00 per year, but we both agree in its best to get something we can afford while he is laid off anyway as you never know what the future holds. .

We are looking at homes that are asking around 289,000. Do you think we can get a loan or will we be resigned to living with his mother until he is working again?
Additionally, should we wait until our house is under contract before we try and get a loan? Or is it ok to go to a loan officer now and we what we are working with?

It’s definitely worth applying with a lender or two. Have you looked at any mortgage calculators to see if you can afford that payment? Assuming that your fiance is out of work for longer than expected and that you have to make all payments on your salary alone, you’ll want to do a "worst case scenario" budget using just your salary. Also, it sounds like you may be using a lot of your liquid cash reserves as down payment, so you’ll need to know how you’ll pay for it if you have any big repairs come up in the first few years.

Another thing you need to be careful of is that you may not have enough credit to have an excellent rating. If you haven’t already, it’s worth going to annualcreditreport.com (the government’s website where you can get one free report each year) and pulling your credit reports to see what’s reporting. You can then, if you choose, pay to get your scores from the three credit reporting agencies. It may be useful to each have one credit card that you use once a month and then pay off in its entirety every month. The available credit and on-time payment history will report to the credit reporting agencies and help improve your scores.

Other than that, your situation sounds very doable. I’d definitely do a little more budgeting/planning and then start talking to a lender or two.