We are a couple who'is looking to buy with a shared ownership scheme, and don't know where to start?!?
436762
It depends on where you are looking.  In California they are referred to as "Tenants in Common" or TIC's.  Usually it's something like a 4-plex that has been divided into 4 separate units.  It's not a condo conversion.  They are called other things in other states--maybe you are thinking of a timeshare?
698950
i currently work in loans at a bank, and along with her mortgage she can also get a home equity if she has equity in her home, buying for less than the property value, also need to check for covenants to add on to her home, there are lots of options out there, maybe she needs to get a second opinion from another bank not involved if the current one doesn't want to help. good luck!
565018
Make a list separately of what you both want, enjoy, need - pay no attention to order or anything Else. Then get together and compare, here you can eliminate or even add to a single list you agree on. Then place them in order of importance, please no arguing - if it is important to you (or him) then it is - no matter what you (or he) thinks. Now we have a list, next place a time next to them. House - 3 years, vacation - 1 year etc. Then put dollar amounts next to them - house deposit needed $10,000 divide that by 36 (3yearsx12) you now have a monthly value. Once you have done this you will see that you have monthly values for the things you are trying to do. Then add up everything and get a monthly total. You'll either have enough to do it all or not enough to do it all. Then sit down again and work out what you can eliminate or reduce - going to the bar (or whatever) once every two months is cheaper than going every week(or night!). House deposit in 4 years instead of three etc - Once you can see what you can achieve, and you are both on board, then it is easy to do. This may take a few talks, so get coffee and cookies and sit in a nice and comfortable room. \nThe idea is to give your spouse something they want, and help them understand in order to get it, they need to save/cut back/stick to budget - whatever term works best - to get it. Where 'it' is something they (and you as a couple) agree is worth saving for.\nGood Luck!
11768
Try sharing with someone who already has a home. It works out cheaper. Chk out the classifieds for it.
972496
Read books on the subject at the local Barnes and Nobel. Also, check out this website: www.reiclub.com.\n\nDon't listen to anyone who says it can't be done in this market. In fact, if you find a good deal in San Diego and tie up the property, I'll buy it from you. \n\nRegards
732763
Do yourself and them a favor, and hire a local attorney to do the paperwork and make the property transfer.  Better to pay a little now than a lot later.  Property interests are governed by a myriad of laws, and you don't know them.
33824
Should have posted this in the Finance area. LOL\n- I found this. Check this out: http://www.reversemortgage.org/
846042
Go to real estate offices to tell Realtors about yourself and the products your company offers.\n\nThere's a catch though......\n..... you must actually know what you're talking about, and have a product to offer that is more difficult or more expensive elsewhere.\n\nIf you are a newly licensed loan officer, or all you've done up until now is re-fi's and home equity loans and you don't really know yet how to do purchase loans,  then you  may try approaching newly licensed agents and teaming up with them.  Both of you will be eager and willing to work harder for your first few deals, and both of you will understand that you both need to be going to your respective brokers for advice and confirmation on things.
1147861
You really don't nee to to an LLC, per se, you can just take title as Tenants in Common, stating you own x% and he owns x%.  Getting a loan on a portion of the property is going to be tricky, if that's your intent.  Although you may want to do the LLC in case you have any idea that he may want to sell his portion.  That way his (or yours if you want) can't be sold to someone you don't know.  You both have to sign to sell.\n\nMake sure you have everything in writing, so there's no misunderstanding, that if you move in, who pays what.  Do you each pay your percentage of Property Tax?    If the plumbing goes and you're living there.. who pays for what?  The roof leaks.. etc.  Who pays what for insurance?  Sometimes dealing with family is much much harder than dealing with a stranger.\n\nCan you both refi together?  As an owner occupied property the rate will be lower than if it was an investment property.  PLUS you get to have the homeowners exemption on your property taxes that you don't get as a rental.  Insurance should be cheaper too.\n\nGood luck  :)
838681
Depends on a few factors. \n\nHow often are you able to travel in the location of your time share?\n\nDo you have the time, ability and money to make your time share worth the investment?\n\nWhat are the rules and regulations the particular time share company you are interested in lays down? Are there restrictions that inhibit your ability to use it as often as one would like? Do they have a functional system that gives the renter leeway and prevents them from wasting money on the time share?\n\nResearch all of these things and more. be honest with yourself and do not fantasize about what you would like to do actually sit down and figure out what you CAN do. ask yourself questions like  "is this time share worth my money?" Will I really be capable of making it out here as often as I would like?" "Is this company realistic in their expectations of me or are they a scam?"\n\nIf you play your cards right you will find a time share that is perfect for your situation it just takes a little research. Enjoy yourself!
662988
You can advertise on Homestore.com or similar sites. Link to your own website.  Get a farm list of non-owner occupied homes (call your local title co. rep) - send direct mail to those tenants/occupants - maybe they'd like to own their own home instead of paying the landlord's mortgage?
669032
Be very honest with any property pwner you are looking to rent from.  Tell them the details of your situation and let them decide if they want to give you the benifit of the doubt.  Don't try to hide is as it always crops up when you do that.
2043
You might have a hard time.  Regardless of your marital status at the time of signing you could still be what is called tenants in common.  Any two people can be tenants in common.  Go back to your original contract and read what it says.  If it names both of you and both of you agreed then you are probably tenants in common.  Each having half undivided interest.\n\nBut this also means she would be responsible for half  of anything like taxes, mortgage payments and any other expenses with the property.\n\nAbout the only claim you can make to the property would be adverse possesion in he half interest but it might be a stretch.\n\nBut after 25 years of no payment of duties it might equal her half interest anyway.\n\nI would ask for accounting and partition....but see a lawyer.
9051
The bank would much prefer you to make your payments compared to taking on a property.  Talk to them.  A lot of times they can work out a deal.
495954
That depends on what the option to purchase agreement says. As well as any agreement you may have with any agent. You had better start reading.
862705
You can co-venture with a builder.    The owner contributes the land; the builder the improvements.  On sale you split the proceeds according to whatever formula you agree to.\n\nTravel around your area & look for houses under construction.  Get the name & ph. nos. of local builders who are building out the kind of homes you think are sutable for your properry & call them.
138038
A lot of new home subdivisions are being built as common interest developments.  If you want to buy a property in one of these developments you must join the association.  In every association I have ever herd of there is always some type of fee.  Sometimes the fees are small, just some type of management fee.  Other times the association pays for gardening, maintenance, roads etcetera.  I know in some areas it can be hard to find properties that don’t belong to some type of association.  They do however exist; you just have to find them.  Oh, I almost forgot, if you decide to buy in an association community, read the CC&R’s VERY carefully.  They often have strict requirements about what you can and can not do to, on or in your own property.  \nBest of luck to you.