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Darlene Said:

Laid off now what do I do?

We Answered:

You most likely will not be able to close on the home. Most lenders will call your job a few days before closing, run a 2nd credit report to verify that your financial and job info is still the same. You will be caught..unless you bribe the girl who answers the phone at your old job to say you still work there.

You should qualify for unemployment, you paid in when you were working, you got laid off, you didn't quit! Go and apply for that ASAP. Getting on section 8 or welfare is probably not going to happen for you, because subsidized housing goes to the disabled, families and single moms first...and even those people are on waiting lists that are months long.

Eric Said:

Father in law wants to put downpayment on home but keep in his name?

We Answered:

I were in your situation, I would tell him not even think about it...

many "married family of 3" live in apartments and there is nothing wrong about it.... wait, by the house yourself and then, by the fact you own a house, you will be able to deal easy with banks...

Glen Said:

Apartment or House, which is better?

We Answered:

Your question isn't so much about apartment or house as it is about owning or buying. Renting a house or buying a condo are also options.

When you rent, the cost of owning is built into you rent payments, plus a profit usually. This means utilities, taxes, association fees, insurance, and maintenance are all part of what you're paying for. You just pay it in one check instead of multiple, and you know how much you'll pay each month.

When you rent you are paying for access. Once the month is up you have nothing to show for what you've paid. When you own you get equity - the difference between what you owe and current market value. This means you can sell your home at a profit or borrow against the equity. This makes owning a better option for most people, if they can tolerate the risk and make the commitment.

With your concerns I'd take a look at buying a condo and getting a home warranty plan, just as your starter home, then plan to upgrade out of an HOA neighborhood and into a single family home later. The home owner's association will charge you a fee, and take care of some of the maintenance including landscaping. The home warranty plan works similar. For a small annual fee they make repairs at a deep discount. Between these 2 options you will pay something everything month, but you won't have major unexpected expenses if something goes wrong.

When you buy there's a home inspection done, so you will have a good idea of what might go wrong and what needs fixing. If it doesn't work for you, you can pull from the deal. Typically, a low cost home will need repairs. Talk to your agent about balancing cost with finding a turnkey (ready to live in) home in good condition.

Robert Said:

Water damage at apartment? Who pays?

We Answered:

You make any claims you have to your insurance company. Because you decided against insurance you have no one to male a claim to, you will have to pay for it.

Tom Said:

ATTN: Divorced Fathers w/Children - Need some advice/guidance?

We Answered:

I am so sorry this happened to you. Something similar happened to our family.

The Courts are geared towards women in this country.

Ny husband was treated horribly by the Courts.

Please see the links below.

They helped me tremendously when I was going through the same thing.

Peace.

Pauline Said:

Laid off now what do I do?

We Answered:

Sorry to hear of the job loss. But you are certainly not the only one - hundreds of thousands of jobs were lost this past month.

Best thing you can do is to look for work fast.

I doubt the bank will let you go through with the house purchase - they have enough delinquent mortgages on their books already, and would not be eager to take on another potential case.