Comments on: Loans for Non Home Owners- Financial Help for Tenant or Non Home Owners

By: macrawford21

macrawford21 — Tue, 03 Aug 2010 12:32:43 +0000

What about a foundation drain? What is the approved drainage system? That is THE MOST IMPORTANT part of the crawlspace!

By: Asystolic

Asystolic — Mon, 02 Aug 2010 21:36:33 +0000

sooo, kind to share, thank you! ill be watching

By: elisdaa

elisdaa — Mon, 02 Aug 2010 18:27:21 +0000

What about suing the inspection company for not catching it?

I don't think you will have a case with this one…no facts, just assumption. Can whomever that found the leak inside the wall prove the a/c was filled to pass the inspection?

By: nadia_novia

nadia_novia — Sun, 01 Aug 2010 19:41:45 +0000

By: The General

The General — Sun, 01 Aug 2010 18:09:32 +0000

State Farm. It was the most expensive when I quoted it out, but gave us the broadest coverage.

That means NOTHING. Because not all companies are competitive in all states, and MOST companies don't write in all states.

By: Akkita

Akkita — Sun, 01 Aug 2010 09:08:19 +0000

First, I am going to have to research this about Colorado…to answer your question from my views, no, it is wrong to tell anyone what they can or can't do in their own homes! I bought a half of duplex and we do have homes assoc. but I will never be told what to do in my own house…I am also a taxpayer! The witch hunt on this Smoking Ban has gotten out of hand! Citizens are going to have to stand up and be counted…whether you smoke or not, it is not the real issue..it is the gov't and their under-classmen who have decided to start and approve some of these absolutely wrong laws. What's next? How many kids you are allowed to have? How much you can drive your car? We are allowing all the commercials on TV which endorse all the "call your doctor for a RX" and all of the medical ones that are trying to get people hooked on prescription drugs! I hope everyone wakes up and sees what it is doing to our country. We have gotten away from the greatness that this country was built on…Back to the question…I don't see how they can ban owners from smoking in their own condo…I quess they would be buying mine back for a hefty price…I can't believe that this was ruled admissable in the court system. Isn't Colorado, the same state that is banning smoking but also trying to legalize pot? Go figure…wierd…I'll be anxious to hear all the answers. Great question!

By: MsGemini415

MsGemini415 — Sun, 01 Aug 2010 08:27:31 +0000

this is so helpful! my husband and i are in the process of buying a house and i didnt know wat was the difference between a slab and crawlspace!! thank you soo much!!

By: Red Velvet

Red Velvet — Sun, 01 Aug 2010 06:04:40 +0000

No, what your lender is saying that you need a home
owners policy or binder on the home that you are going to buy. You obviously have already signed a contract, and doing the process of setting up the closing, you have to furnish them at least a binder, that will tell them that you have coverage once the loan is closed and the house is yours. They will collect the amount for one year, plus about two months to establish your escrow account to ensure that when the insurance policy comes up for renewal that there will be enough funds to cover the renewal cost, which generally will go up a little bit. This is why they charge a full year plus a couple of months. Just give your agent the description of the house or a copy of the appraisal and they can do the rest for you. Your broker/lender will then accept a faxed copy, and the original policy can be furnished at the closing. Your mortgage originator or loan officer should have explained all this to you. If you aren't going to have an escrow, then you will just furnish a paid in full for one year home owners policy at the closing, but again the lender/broker will need at least a binder of proof and the cost prior to sending out the closing package to the attorney for final closing of the transaction.

By: LleviathanzZ

LleviathanzZ — Sat, 31 Jul 2010 15:31:51 +0000

Can this type of foundation suppory more than two storey, , ,ground floor,1st floor + another floor , ,ie , ,2nd floor?

By: Violetta

Violetta — Sat, 31 Jul 2010 07:05:40 +0000

First and foremost: GET RENTAL INSURANCE!!! I can't suggest this enough. So many things will be covered by it and it is super affordable. Don't hesitate or wait to do this….
I also think it is important to consider the average monthly utility bills…sometimes due to how old or well constructed and maintained the cost to keep the house cool and warm, and generally running can be greatly impacted. Unless money is of no concern, I'd see if you can find this out to make sure you won't extend your budget.
Also..have you determined who is in charge of maintaining the yard/snow removal? If it is you, are they supplying the tools? Do they care if you paint? If so, who pays? Do they prefer you contact them for emergency repairs, or you have discretion to contact a professional and be reimbursed?
These are all things that ended up being issues for me when I was a renter. I am most thankful I got rental insurance above all else though.