BMO alleges that 14 «groups» of individuals either bought or optioned
houses at fair market value, then arranged for «straw buyers» to purchase them at higher prices through a BMO mortgage.
Neil was not only extremely professional, responsive, and knowledgeable, but he sold
our house at fair market value — just like he told us he would.
Not exact matches
for those people now «stuck» with their
house... I'd do two things, (1) I'd get some legal help and look to determine what damage has been done to the property and seek to either force the company to buy up my land and home
at the
fair market value WITHOUT it being contaminated, or make up the difference on any sale that comes along (which probably won't happen now that people will know what they're getting into).
For example, you could (1) keep the
house or automobile and the debt (as long as you are current and continue keeping them current)(2) «redeem» the automobile (pay it off
at it's current «
fair market value») or (3) return the home or vehicle, and any balance due is included in your bankruptcy and the balance of the debt is wiped out.
The real estate agent should make it known that the sale of the home is contingent on both VA approval, and the
house being sold
at its current,
fair market value.
For example, suppose that the
house had a
fair market value of $ 100,000 that was increasing
at a rate of $ 1,000 per year, and the original loan amount was $ 80,000.
The appeal court stated that in normal circumstances, the court would calculate a monetary judgment with reference to the mother - in - law's life expectancy when she moved in, and would multiply 29 % of the
fair market value of the
house at the date of trial by a fraction the denominator of which would be the number of years the children could have expected the mother - in - law to be in the
house from the date when she moved in, and the numerator of which would be that number 9.
As Sean mentions the competition these days
at court
house steps is intense and if a property goes 3P that means it had some equity and there would be multiple investors tracking it (of course there is always the home owner buying it back and will pay more than an investor or someone who actually wants to move in and will pay right up to
fair market value for it)..
Besides providing you with a comparative
market analysis, an in - depth look
at house values, a rock star agent «knows the current condition of the
market and what is a
fair price,» says Phillia Kim Downs, a New York, NY, agent.
If you want to price the
house several percentage points north of
fair market value, many agents will walk away for fear of taking on an overpriced listing that won't sell, or
at least won't sell during the time they're the listing agent.
If you don't want to hassle with trying to come up with a home
value yourself... give us a call
at +1 (615)-240-2725 and we'll give you an honest
fair valuation of what your
house is worth on the retail
market (if you're going to wait the 3 - 6 + months to find the perfect retail buyer).
You can retire comfortably in 10 years with 10 + free - and - clear rental homes when you approach this business with a sensible plan of buying
houses at 10 % below
fair market value with 10 % down payment and 10 % + yield on your investment (the author's 10/10/10 plan), and wisely reinvesting cash flow, equity gains, and selling the loser
houses to pay off the debt of the winners.