It concerns home Insurance and am a bit confused?

Please could someone advise as I think I am being led wrong.

I am buying a house in Texas for $100 thousand and applied for Ins, they came back and said they valued the coverage at $174 thou, I argued this saying to replace that house if it burnt down would be about 80, but he said no matter its what the computer says.
He also want on to say I dont have to pay for full cover, I can pay 80 70 60% etc.

So I said to him if we pay for 50% [$86 thou] and the house burns down and needs rebuilding at a cost of say $80 thou I will only receive 50% of that cost which would be $40 thou. He said no you would receive $86 thou, please is this right? I think I am being tricked here, I mean if what he says is right some people would Insure for 174 burn the house down rebuild for 80 and pocket the rest.
Of course not thinking that but I do think there is a reason why they have said the coverage needs to be so ridiculously high. Thanks.

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Real estate agent says house doesn't qualify for mortgage?

I'm looking a possibly buying me a small 1100 sqft house here soon. It was built in 1995 and is currently in ownership by a reverse mortgage company after the owner passed away. The listing advised that the property is being sold as is and is subject to HUD Guidelines 24 CFR 206.125

We called the Agent to set up a visit sometime next week. Since I don't make a lot of money, we thought we might look into a possible USDA Rural Development loan.

The Agent advised that since the house has some issues that need fixing, a leaky gas water heater and an issue with the metal roof was installed that is allowing air to get into the house, that the house would not qualify for any kind of mortgage by a bank and that I would have to get a normal loan or pay in cash -- get the issues fixed, cleared by an inspector, and then I could refinance the house.

What's the issue? The house appears to be in very decent condition minus the small issues that shouldn't be nothing to get fixed. Why would a bank refuse to do a mortgage on a house because of that?

We still haven't met with the Agent yet, that'll happen next week when we do the tour, but I'd like to get some responses about this before going into the meeting.
Added (1). Okay, I understand the issue is because the bank doesn't trust me to get the repairs done, so in the unlikely event that I default, they can't sell the house easily and are stuck with a loss. I get that.

Is there any kind conventional home loan (30 year type) this house could qualify for? Not including the FHA 203k loan. Regions Bank has a First Time Home Buyer program that requires no down payment. Would this house not even qualify for that?

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How to find out if creditors will freeze my bank account?

Hello, I am trying to open a bank account, since I need one to get a mortgage. I have had a creditor after me for over 8 years now, they froze my bank account in 2006. Now I need to open a bank account for my mortgage, but I don't want to open it if they are going to freeze it. Is there anyway I can find out if they will?
Thanks in advance.

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Is Everyone earning over $175,000 per year in their careers these days?

I read a pole at this blog: ( http://www.greaterfool.ca/2014/06/19/who-are-you/ ) and it seems as if everyone in Canada is earning in the 6-figures!

There were these 4 questions asked of everyone:
(a) rent or own,
(b) family income,
(c) age and
(d) your outlook for real estate over the next one or two years.

Here are some quotes from that article:

- "(a) Rent in Vancouver, (b) 200k, (c) 35, (d) in Vancouver, the pain is coming in a big way."

- "a) own â€" 1994, b) $300k, c) 51/52 dogs 10/4 (why we can’t rent- would love to), d) 20% everywhere but Calgary.

- "a) neither, fiancé parents gave us a house, b) 1.4 million we both work for her father, c) 34, d) I don’t really care."

- (a) rent or own - Rentl, (b) family income - 170k â€" 190k ish, (c) age - 30 ish, (d) It’s overvalued.

- - own $800k home, - $350k income so far in 2014 (business and investment). $1.3m net worth
- 38 years old - real estate up 10% over next 2 years.
oh ya…and a high school diploma.

- a) rent in West Vancouver, b) $450k/year, c) 42 years old, d) 20% correction

- A) rent, B) individual 120,000 / girlfriend 65,000 house=185ish, C) 27, D) I believe a 30% crash.

- A â€" own (no mortgage and debt free), B â€" 340k, C â€" 38 years old, D â€" 40 percent correction

- A) Own (~600k house with $150k mortgage) in GTA, B) ~200k, no debt, 400k of invested assets, C) 34, D) Not sure

So is it true, is everyone is living the GOOD LIFE these days, earning 6-figures and money is no problem?

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Does a parent have the right to vent their problems to their children?

My parents are in the process of a divorce because my dad doesn't take responsibilities with the mortgage, bills and he's not working. He also has cancer and cannot work long hours. Anyway, my mum asked him to sign the papers to sell the house but he doesn't want to. He said he wants to keep it for the kids when they grow up. My sister and I are 18 and 19 and we're not ready to move out as we're still both in college. My mum has spoken to my dad about selling the house but he just doesn't want to know. My mum works in a launderette and cannot keep the machine running and wants to sell the shop as well, but my dad doesn't agree because it's a shame to have a shop and not keep it running. She can't cope with the rent and machine etc.

Anyway, my mum asks me and my sister to talk to him to make him understand as she has spoke to him already but failed. Every time we tell her we have spoken to him, she vents her frustration on us when she should vent her frustration on our dad as he never listens. Is that fair to bring the kids involved in this divorce. We are innocent in all of this.

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How long can a mortgage pre-approval take through a credit union?

We submitted the application on Friday so it hasn't been long but we were just wonder what the wait period on it should be?

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If he could would he call me again, or is that just opening empty?

i just dont know sometimes i wish 2 years would go by and if he would check up on me. And see no, i didnt find love, and i didnt conceive, and i lost my interest in my work.

would he be shocked? As of now hes feeling some remorse, but i agree with him, time will make me forget him and i will give him space. Hes very happy with another woman, and they meet all the time. He gives her 3000 kisses a day, and they even just paid mortgage for a condo. I hear the girl is even expecting, and also that the latest pic i saw was with a ring on his finger. Im not jealous, i guess im obsessed

BUT I DONT WANT TO BE.

so help please. How to just stop being this creepy! <<<main question!

Read more: If he could would he call me again, or is that just opening empty?

Should banks have the legal right to assign a mortgage to a third party?

Do you supportor opposea bank's right to assign a mortgage to a third party?

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What happens to the loan money if there is extra?

I'm buying a house and it is 38000. The mortgage company will only give me 45000 no less. If the 38 gets paid for what happens to the other 7000?

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I want to report a bank crime. Who has jurisdiction in this case?

I recently noticed an unauthorized withdrawal from my checking account. It was to a mortgage company in another state, and after a lot of phone calls to the mortgage company and the bank, plus signing a form that says I didn't authorize the transfer, I got my money back; the mortgage company agreed to flag the guy's account in case he tried it again.
This month the same guy accessed my account again, but transferred money to a different company (to pay a different bill). More phone calls and signed papers got my money back again, and I'm closing the account so he can't steal from me a third time.
I want to press charges, but my question is how? I live in one state, the man who did this lives in another (the same state where my bank is headquartered). When it comes to electronic money transfers, where did the crime take place?
Should I go to my local police? Or contact the police where he lives?
(I tried the FBI, thinking that it involved a crime across state lines, but they said that they would just collect information to help them look for crime trends, not to prosecute.)

Read more: I want to report a bank crime. Who has jurisdiction in this case?