Archive for May 2010
30
What all things do we need to take care of (right docs etc.) when buying an apartment from an individual owner
1 Comment · Posted by admin in owner builder
I am buying an apartment from an individual owner (not a builder) in India. I want to make sure that the deal is authentic. So what all documents and other things do I need to tke care of. Please HELP!!!!!!
You really need to engage a local attorney to handle things properly.
Contact your country’s consulate there for referrals.
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30
Do you have to own a house to get a construction loan?
4 Comments · Posted by admin in construction loan
My problem is this.
I live with my father, I am buying the house from him but not for several years. I would, however, like to build a garage on the property. I would like to know of any loan options I can get such as a contruction loan to build this garage on our property without owning it yet.
Thanks in advance for any help.
It really depends on the bank or financial institution that you go with. A pure construction loan is usually on a piece of property that doesn’t have an established (built) home on it. You may want to look at a a home equity type loan. You could do that in your name, and if the mortgage is in your father’s name, he would have to sign some of the documents, but you may get a better interest rate, and you can extend the term of that loan a lot longer than a construction loan.
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27
Is it legal or il legal?.Builder have collected Rs 20000 from all flat owner.?
3 Comments · Posted by admin in owner builder
Builder have collected Rs 20000 from all flat owner in a apartment, stating that it is necessary to attach a new transformer. Actually Electric connection was from a old transformer and not in apartment area.
This money was for electric transformer which is used by MSEB(Maharashtra State Electricity Board) allways installed on road side piller.
Well i think that usually we don`t pay a builder for all these things like buying new transformers or heavy duty motors if the builder has not given the complete control or power of attorney or whatever it is to the society
But if the builder has relieved himself from all these than all these expenses are to be shared by the residents.
Usually when we buy a flat the builder keeps a certain amount per flat in the bank as a safety amount for maintenance costs like lift problems, motors, etc. so checkout if the society maintenance had that much balance in the bank or not
Good Luck
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27
What is the difference in a construction loan vs a purchase loan?
1 Comment · Posted by admin in construction loan
Or is there even one besides the name? We are planning on building a home (an accessible home) and we see that they are costly.
And for the people who are smart alecs and just want points, I obviously know the major difference is they are for 2 different things.
the major difference is a construction loan works on a series of "draws" the builder gets a certain amount of the money as a stage of construction is completed. also you only make payments on the amounts advanced not on the entire construction amount until it is used. after home is complete you will need to refinance into a permanent loan. a purchase loan you pay for the entire amount at once and make payments on the entire balance as per your loan terms.
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27
For Sale By Owner And Builder (Columbus Georgia)
No comments · Posted by admin in owner builder
For Sale By Owner & Builder
Greater Columbus Georgia Area
February 2007
Duration : 0:9:32
Influenced by Duane Allman’s guitar work in Boz Scaggs’ live version of Loan Me a Dime – using a Fender California Series with strings 11-58
For up-to-date lesson video updates, check out my blog at www.karllesson.com
-New location of my old blues cd tracks (formerly karlsblues.com)
-Lesson Store (under construction)
-Please leave a comment on my blog!
Duration : 0:5:54
allman · blues · boz · brothers · dime · duane · electric · guitar · improv · improvisation · loan · me · scaggs
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Duration : 0:0:21
hard money · hard money construction loans · lenders · Loans · Mortgage
27
Builder Moorpark – Moorpark Home Builder – Home Construction New
No comments · Posted by admin in owner builder
Moorpark Builder – Custom home builder in Moorpark, CA. Building Moorpark homes for 31 yrs. Moorpark home builder does new home construction in Moorpark. Custom home builders & new home construction. Moorpark home builder builds Moorpark dream homes.
Duration : 1 min 9 sec
Canadian Loans Explained
wwww.imortgage.com/matt.redding
www.mymortgageloanaz.com Distributed by Tubemogul.
Duration : 1 min 36 sec
