Before You Sell And Rent Back You Must Ask These 10 Questions

Before you chose a Sale and Rent Back company you need to find out the following:

1. How long can I stay?

It is extremely important that you receive confirmation about how long you can stay if you plan to sell and rent back. If you have no set timeframe and want to stay for the long term it is important that you receive confirmation in writing to this effect. This needs to be in both a letter of intent and the tenancy agreement must include a right to renew clause.

2. Will the rent rise and if so, when and by how much?

It is important you get the answer to this question in writing. It is common for landlords to raise rents every year or two but some sale and rent back companies may have longer fixed rent periods in exchange for a lower sale price. Matching annual rent rises with inflation or a small percentage (i.e 4 to 5%) is common. Be wary of a company that says it will never raise rents as they are likely lying (unless they have bought your property for a very small percentage of its market value).

3. Will there be a tenancy agreement?

If you are not offered one consider walking away. Having an Assured Shorthold Tenancy Agreement signed by both parties is very important to protect your rights as a tenant. Without this you may be classified as a squatter and forced to leave your property after the sale. 

4. Do you intend to sell the property in the future?

If you are hoping to stay for the long term, obviously you want this answer to be no or not until you decide to leave. A good sale and rent back company will intend to rent out the property for the long term (even if you decide to leave and they have to get someone else in). They will have a buy and hold strategy and should not rely on selling their rent back properties to make their money.

5. Who will be responsible for repairs?/p>

This should be clearly stated in the tenancy agreement but as a general rule the landlord (sale and rent back company) is responsible for all maintenance issues (i.e. broken boiler, leaking roof). This should all be made clear in the tenancy agreement.

6. Can I redecorate?

Most sale and rent back companies (and landlords in general) are okay with their tenants redecorating as long as they do not devalue the property in any way. It is in their interests for their tenants to feel like it is there home. You will need to get permission before you do any work.

7. Can I chose my own solicitor?

The sale and rent back company should allow you to chose your own solicitor and most of the good ones will pay the first £500 of their fees. However, they will normally suggest that you chose one that they recommend. This is because they know they will do the job properly and quickly. One of the main reasons property purchases take so long is because of delays with solicitors so if you do chose your own the sale and rent back company are unlikely to guarantee the completion date.

8. Will any fees be payable upfront?

A good sale and rent back company will not charge you any fees up front. They should pay for any valuations and surveys necessary. If you are asked for any money up front refuse and use another firm. Some less reputable companies ask for a valuation fee and then make a ridiculously low offer. 

9. Does the company have references?

A good reputable sale and rent back company should be able to provide you with testimonials from current clients.

10. How long will the process take?

A good company will be able to complete the sale in a timeframe that suits you. If you are not in a repossession situation they should have the ability and experience to complete quickly and stop the eviction (in 1 week or less if necessary). Normally the sale will take about 4 weeks but can be delayed if necessary (i.e. until the redemption penalty on the current mortgage expires)

 

My Personal Financial Management Issues

One of the largest problems people have with money is knowing what to do with it. Though you may think that not having enough to pay the bills is something that happens when you just do not make enough money, you should know that this is usually only half of the story. There are plenty of people out there that make more than enough, but they spend their money in all the wrong places. Their financial management skills are no good, or none existent. This often comes from parents who had the same problems. We learn by example.

Impulse control, or rather a lack there of, is normally one of the largest reasons why people have problems with personal financial management. There are many reasons for this, but most people have problems because we live in a world that caters towards immediate contentment. That is something that our grandparents and great grandparents would find to be an alien concept. If they wanted something they couldn’t afford, the saved. Most don’t go with that concept any longer.

When you sit down and think about how much you make, and then comprehensive up your monthly bills, you can see if you greatly should be having a problem with your financial management or not. Most find that they look at the totals and have no idea why it is that they can not seem to get caught up and current with their utilities, rent, or mortgage. Even with the rising prices of gas and food, things should never be as bad as they are for some families. What is needed is a good plan for financial management, even if it means hiring someone to help.

When you want to see what is going wrong on your own, you can really think about what you spend your money on each day. Are you spending three bucks each morning for coffee? That’s almost 90 dollars a month. You could save most of that by making your coffee at home each morning and taking it with you. There are tons of petite expenses like that which can make a huge difference. There are also other impulse buys and high credit card bills that can hurt with financial management. You should think hard, as you can’t fix anything that you don’t know is going wrong just yet. The more you know about your habits, the easier it can be for you to fix them.

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How to Start a Profitable Craft Business

A good way to cash in on your artistic and creative skills can be to establish a craft business. It may be that you had never ever thought about commencing with creating innovative and attractive crafts for earning profits secured by their sale. The thought might also be coming to your mind at this point of time about whether at all such craft business plan can be executable in a gainful manner by you. However, with figures available indicating a high success rate among such craft business endeavors you can take heart. After all, this business will only be requiring nominal start up costs and the beautiful craft objects created can be kept as adornments for a long, long time even if no suitable customer turns up for purchasing them.

 

Common craft products that help yield profits

 

A craft business can be done with any item chosen from among the variety of craft products like flower arrangements, jewelry, clay items, wood crafts, soft toys, handicraft goods, paper crafts, stained glass crafts, crafts made from scraps, hand painting, hand printing, craft involving electronics, leather craft and so on. It is voguish to make use of many of these craft products and hence their sales hold immense prospects of profit making.

 

Initial start-up cost considerations

 

Since the initial start-up costs of a craft business is nominal, requiring only the buying of necessary equipment and accessories for making the crafts this is not hard to bear. The banks, financial institutions, money lenders and trade associations also seem pretty eager to finance such businesses. So, financing will not be a problem. However, owing to the low start-up costs financing may not at all be needed.

 

Considerations for successful starting of craft business

 

Prior to starting up the business with the objective of making profits it is important to-

• Understand the market and set up products that meet the market requirements.
• Set the right price of the products that are low enough to make sales yet high enough to cover the cost of the materials and secure a neat profit margin.

Advertising and employment of suitable marketing methods play an important part in ensuring a successful crafts business. The following advertising and marketing suggestions come handy in setting up a profitable crafts business-

• Attending of craft fairs
• Setting up of a website that seek to promote the crafts business products
• Giving ads in local newspapers, carrying out advertising in the yellow pages and printing of pamphlets and brochures.
• Making arrangements for bringing in samples to jewelry stores, gift stores etc.

The starting up of a profitable crafts business often does not call for any special skills, experience, equipment or formal training. A number of easy to follow instruction manuals are available that may be used as references for going about with manufacturing of the crafts products. The Internet too acts as a wonderful resource for providing guidelines about preparing crafts products. Thus, with some creativity, guidance and help you can gainfully proceed with your crafts business.

 

The benefits to purchasers of home auctions

For the fluctuating real estate industry, one particular niche offers a good advantage. Since then, property tax lien auctions have been the quickest growing within that meadow. could the reason be that the economy isn't at its most excellent and the rate of home foreclosures has never been so high? As homes go through foreclosure and repossession, the homes are sold at Property tax lien auctions to the person with the highest bid so that the mortgage companies can get back their losses. Since a foreclosure can look very bad on a property owner's credit report, most will avoid this by auctioning off their homes before it gets to this point. Over the next ten years according to some authorities, more than 35% of homes for sale will be purchased at Property tax lien auctions.

Some benefits sellers have when they decide to use Property tax lien auctions to sell their houses is the sale is quick and you don't have to wait for 'pending financing' rules set by the buyer. The money from the purchaser will be present at auction time
A homeowner who is auctioning off a house usually doesn't have time to wait for a buyer to get financing or to auction the house off again if the buyer's financing doesn't come through. 

Property tax lien auctions offer properties for sale "as is". Bidders know that they need to do some repairs and other things to take care of. It isn't required for the buyer to be fatherly about spending a large amount of money on paint, new carpet or appliances before the auction of their house. The buyer will be liable for replacing the water heater if it is about to malfunction. The purchasers popularly know this when shopping Property tax lien auctions and they usually have a space where they're able to inspect the property before bidding at the auction. It isn't the seller's fault if the buyer can't bring a professional home inspector along and something doesn't work later. 

One of the benefits of property tax lien auctions for investors isn't having to worry about potential purchasers wanting to view the home at their convenience. Sellers have a life of their own, including families and even pets. The risk of getting a call at any time of day or night from an agent who would like to show the home is more than likely the hardest part about putting a house on the traditional market. Can they turn you down? They might, but they probably won't without at smallest seeing the home. If an agent can not be shown the home, they will not come back to call again. You have to be prepared at all times to show your home. The owner needs to keep their pets out of the house during showings, and keep it clean always. Sometimes it can be hard, especially when the call comes when you are having dinner or when you have a visitor.

Selling houses at Property Lien Auctions are an advantage to homeowners. Property tax lien auctions make it easy for homeowners to sell their home concisely for any number of reasons. While the seller may get a lower price for the property than if they had sold it in the traditional way, tax lien auctions are worth the loss of profit for some sellers.

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Stopping A Real Estate Foreclosure

If you have started receiving foreclosure notices in the mail and want to save your home, then you are going to have to learn how to stop real estate foreclosure. There are a few helpful tips in particular which will be useful to you here and which will assist you in stopping real estate foreclosure.

How to Save Your Home

Here are a few things that you are going to want to make sure you do, if you want to stop real estate foreclosure and avoid foreclosure auction.

Do Not Ignore the Problem

When it comes to avoiding real estate foreclosure you cannot ignore the problem. This is one of the most important things you need to remember. You are not helping the problem if you take the letters and toss them to the side. If you want to stop the situation before it gets worse, you are going to have to deal with it.

In fact, the worst thing that you can do if you want to avoid real estate foreclosure is ignore the company. You want to contact them immediately, and let them know that you are aware of what is going on and that you are willing to take the necessary steps towards coming to some sort of an agreement with them.

Forbearance Agreement

Another issue that you want to be aware of is the Forbearance Agreement. This is an agreement that the lender may offer you if you are unable to pay the delinquent amount in full. This agreement will allow you to rollover past due payments to the end of the loan, but of course you will only be offered this agreement if you are keeping the lender aware of your situation and not avoiding them.

Just make sure that you keep up your end of the agreement, otherwise you are going to end up in the same place you started.

Of course the best idea is to make sure that you pay all your mortgage bills on time so that you do not have to worry about coming to any agreement with the lender. However, sometimes we fall into financial troubles and at least if this does happen to you, you will know what to do and how to keep from making the situation even worse, by staying in touch with your lender.

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Sellers Advantages and Property Auctions

People In real estate are finding that tax lien auctions are growing quickly. Perhaps this is due to the failing economy and increasing rate for home forclosure. As homes go through foreclosure and repossession, the homes are sold at Property tax lien auctions to the person with the highest bid so that the mortgage companies can get back their losses. Since a foreclosure can look very bad on a property owner's credit report, most will avoid this by auctioning off their homes before it gets to this point. Over the next ten years according to some authorities, more than 35% of homes for sale will be purchased at Property tax lien auctions.

Some benefits sellers have when they decide to use Property tax lien auctions to sell their houses is the sale is quick and you don't have to wait for 'pending financing' rules set by the buyer. The money from the purchaser will be present at auction time
Homeowner who intend to sell his house at action should ensure the participation of enough buyers who are either capable to pay from their source or who have got confirmed financing committment from financial institutions of repute. 

Property tax lien auctions offer properties for sale "as is". Bidders know that they need to do some repairs and other things to take care of. It is not necessary for the buyer to be concerned about spending a large amount of money on paint, new carpet or appliances before the auction of their house. The buyer will be responsible for replacing the water heater if it is about to malfunction. Buyers understand when buying Property tax lien auctions they usually have a small amount of time to check out the property before bidding. By not relying on the professional services of a home inspector, the buyer, not the seller, is to blame if something malfunctions. 

One of the benefits of property tax lien auctions for investors is not having to worry about potential purchasers wanting to view the home at their convenience. Pets, lives, family -- sellers have these things too. The risk of getting a call at any time of day or night from an agent who would like to show the home is more than likely the hardest part about putting a house on the traditional market. Can they not accept this? While it is possible, it is very difficult for sellers to sell an unseen home sight. If an agent can not be shown the home, they will not come back to call again. The family and the house should always be at hand and ready for viewings. During showings, the owner must remember that their house is cleaned and tidy every moment of that day, also considering where they travel in order to take their pets along with them. Sometimes it can be hard, especially when the call comes when you are having dinner or when you have a visitor.

A number of homeowners are unaware of the potential benefits of using property tax lien auctions to sell their homes. Property tax lien auctions make it easy for homeowners to sell their home quickly for any number of reasons. The price may not go as high as the seller would hope but the advantage of Property tax lien auctions is worth the loss.

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Student Loan Information

To avoid a poor credit rating which can last for some time, don't default on your student loan. There are serious implications when you default on your student loan as it can affect your wages and possible tax refunds in addition to a poor credit rating. There is no need to default on your student loan if you remember to carry out some easy steps. The first step to avoiding defaulted student loans is to keep the lines of communication open with your lender.

Defaulting on your loan is almost impossible once you have made your situation known to your lenders. I too had financial problems keeping up with the payments on loans I had acquired whilst a student. A friend of mine made a smart remark about the lenders suggesting that they can't repossess an education. A student loan default usually starts with this type of glib attitude towards the debt.

To me, getting in contact with my lender was the most important step to take to avoid defaulting. I shouldn't have worried; getting a temporary suspension wasn't a problem. The company was very helpful and they assigned an agent to me who assisted me with the deferment process.

Everything was arranged within the week, payments were frozen and I could start living my life again. I knew that some of my other commitments would not be so easily rearranged and this deferment would help me get started again. My student loan providers understanding assistance helped me when other agencies weren't so obliging.


Deferring your debt can be a little expensive in the long run because you still accumulate interest on the account which will cause you to pay more over the extent of the payment plan. Anything is preferable to a defaulted student loan though. Partial payments are sometimes possible.


Banks can agree, on occasion, to arrange an interest only payment on a loan to help alleviate financial worries. It is not uncommon for banks to allow you to make interest payments only if you have financial problems. This means that you will still have the same debt amount when you start normal repayments but do not have a defaulted student loan on your record.


For many students this type of financial arrangement enables them to complete their education and is a necessity. Students must remember that the more people that default on these loans the less there is for others that need it. Don't let it get to the stage where you will have to default, stay in touch with your loan provider.


Deferring the payments or making other arrangements with the lender will avoid a defaulted student loan on your credit record. Less defaulters means more money in the pot for other people needing to pay for their education.

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What is Bank Foreclosure?

When homeowners are not making their mortgage payments on time bank foreclosure takes place. In order to collect the funds they are owed, the bank they got their mortgage through takes over the home and sells it.

Obviously, no homeowner ever wants to deal with as bank foreclosure is an awful thing. There are a few things that you are going to need to realize and a few important steps that you will need to take in order to avoid it.

Don't Ignore the Problem

If you do start getting bank foreclosure statements in the mail, it is important that you do not ignore them. If you do ignore the bank, it's going to think that you do not care and are probably going to move forward with the process as quickly as possible. This is actually the last thing that you want to happen.

On the other hand, if you want to stop the foreclosure before it happens, you will want to contact them and let them know what is going on. The sooner you do this the better, and you really want to keep them abreast of the situation. They will probably be more than willing to work with you and come to some sort of an agreement in terms of repayment.

Know Your Mortgage Rights

You must be aware of all your mortgage rights in order to make sure you have the most success with the bank foreclosure issue. In particular, know what your lender is able to do if you are not making your payments. Find your loan documents and read them so that you know what your options are.

So never assume that just because a bank foreclosure for one of your friends went one way that it will go the same for you. This will vary from one situation to another.

Obviously, these are all helpful once you have started going into foreclosure and after you have not been making payments. The best thing of course is to make sure that you make all your mortgage payments in a timely manner so that the foreclosure issue is one you will never have to worry about to begin with.

Budgeting is one of the most crucial steps, something that all homeowners need to do if they want to ensure that they are bringing in enough money, not spending too much, and getting all of their bills paid on time.

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Do You Need Bad Credit Auto Loans for Your Vehicles?

Getting bad credit auto loans)

One thing that many people are not sure of when they go to get a loan for a vehicle is whether or not their credit score is good or bad; which everyone should know beforehand.  In fact, many people will find out that they have to get "bad credit" auto loans because they do not pay attention to their credit beforehand. 

When it comes to getting bad credit auto loans, one thing that many people do not know is that they are considered to be a loan that is one of the last choices for people; because their credit ratings are extremely bad.  In fact, if you are inquiring about bad credit auto loans or want to apply for one, most often a normal bank or credit union will not even deal with such a loan.  In most cases, people will have to go to special authorized financed dealers for the loans.  Not only are the authorized finance dealers able to give you bad credit auto loans, but they are also able to give money advances as well; however, you will also have to pay the price for it!

In many cases, people will end up getting the bad credit auto loans because they are extremely desperate for the loan or car.  However, the best thing that you can do is try to do everything in your power to not get a bad credit auto loan.  Not only are you showing that you have bad credit, but you will also be paying for it as well! 

One thing that many people find out when getting a bad credit auto loan is how high the interest rates are.  As for the interest rates, they are usually anywhere from 15% and up; however, it also depends on how bad your credit rating is and how bad your past is with paying bills.  One thing that many people don't realize is that the interest rates are that high because they don't have good credit; therefore, the companies are taking a risk on them with the vehicles. 

If you are definitely sure that you want to go through with a bad credit auto loan, then the most important thing that you will want to do is read all the paperwork that you have to fill out; thoroughly!  By that, you will want to read even the smallest of prints on the page; as it will tell you the most important things you need to know.  In fact, some of the things that you'll want to know before signing anything is the amount of interest you'll be paying, how much you'll be charged if you make a payment late as well as any other fees that may be added on.

In the end, you will want to know everything about bad credit auto loans before you sign because once you sign all the papers; you will have a big responsibility to fulfill!

What You Need To Know About Mortgage Loans

Majority of loans are .  The amount charged against your credit card is an unprotected loan.  The individual loan given by someone is an unprotected loan.  The student loan you received for your university education is an not secured loan.

On the other hand, there are loans which need some kind of security.  This security is a worthy belonging - most of the time, your house - which you own.  This is what we call as a mortgage loan.  The proposal is to include this asset, the mortgage, to the approval of the loan.  If you forget to settle the loan once it becomes expected and mandated, the creditor can decide to close out the possession to assure  the  said mortgage.

Why are mortgage loans required by somelending companies?  Basically, a mortgage lowers the perils that these credit institutions have to undertake when extending loans to the debtor.  With the mortgage included to the loan, the creditor can most of the time utilize the same for the execution of the loan if the borrower becomes neglect in paying his debts.

Because the credit institutions will take on lesser number of risks, they can extend loans with lower interest rates, which is typically the situation with mortgage loans.

Furthermore, lending companies can also extend loans including larger sums, because the mortgage  will be available to secure thefulfillment of the same anyway.

Foreclosure is the method of vending the mortgaged possession, where the profits will be applied to the satisfaction of the loan.  The selling feature of foreclosure happening comes in the mode of public sale where the starting amount is the reasonable market value of the asset.

The most well-known type of mortgage loans is a home mortgage loan, where the borrower loans for funds to fund the purchase of a house.  The house itself will work as a mortgage to protect the said credit.  If the debtor neglects to fulfill the loan after the delay of the scheduled time, the creditor will collect the mortgage and foreclose the same.