About Experts Sitemap - Group 8 - Page 12 2014-12-16

Buying or Selling a Home: David,I am already in a..., david garcia, downpayment
david garcia, downpayment, cindy: Cindy, Try calling Javier at: 718-382-2587. He may be able to help you get that loan. If that doesn t work however, you may try to negotiate with the sellers & ask them if they can carry the downpayment in a note at a good rate for them. ...

Buying or Selling a Home: investing in fixer uppers, fixer uppers, bernstein
fixer uppers, bernstein, assumption: Dear Martha, I am starting with the assumption that you are buyer the fixer to fix and flip. Start with your costs to purchase and then budget exactly how much it is going to cost to fix it up, then add the costs to sell it. Have you made a profit and...

Buying or Selling a Home: investing, ft lauderdale area, nervous wife
ft lauderdale area, nervous wife, investment work: Hi John, You have to consider all the expenses in selling a property and also capital gains, so if the homes are going for $260,000 and you can have one built for $215,000 and you have to pay approx 8.5% for selling cost including commission and you have...

Buying or Selling a Home: investment home, short term investment, long term investment
short term investment, long term investment, steady job: I know that York City in York, PA is a great place for what you are looking for. It has everything you are looking for. Cheap and fix uppers. With MD near the PA boarder, housing has and will keep going up in price. Here is someone who works with a...

Buying or Selling a Home: investment home, tax accountant, first right of refusal
tax accountant, first right of refusal, right of refusal: Hi Paul, sounds like a great property. First of all you need to have a written contract that states certain specific iems such as: are the tax benefits equally shared, what happens if one partner wants to get out or sell, does the other partner have first...

Buying or Selling a Home: investment properties, west palm beach, boynton bch
west palm beach, boynton bch, income producers: Hi Darlene, Thank you for your question. Your question would require quite of bit of time of us talking to find out what you really want or what you really need. I will try to give you a quick answer of my oppinion and remember I m a Real Estate Broker...

Buying or Selling a Home: investment property sale?, real estate contract, personal preference
real estate contract, personal preference, 1031 exchange: This is really a question of pay me now or pay me later. It depends on what your investment strategy is. Do you want to collect rent each month or do you want a lump sum of money? Did you buy one large lot and then divide it? If so, you will need to sell...

Buying or Selling a Home: investment strategies, long term goal, thoughtful question
long term goal, thoughtful question, free seminars: Hello Eric and thank you for your thoughtful question. While I would like to assist you, what you are looking for would take me a hundred hours to properly discuss and certainly is not possible. I must refer you to another resource as this forum is not designed...

Buying or Selling a Home: investment?, family stress, delicate situation
family stress, delicate situation, bitter battle: Kay, First sorry for the delay in answering your question but I never received the notice to answer. One problem for you and your parents is if the deed is changed without you purchasing the home and paying off the mortgage the mortgage company has the right...

Buying or Selling a Home: be involve with someone elses problem, legal ramifications, elses problem
legal ramifications, elses problem, late fees: Catherine, I am not able to offer legal advice. In my opinion, if you have met all the conditions in your agreement with the seller regarding the use of your land and making the payments as agreed, he can not throw you off due to actions of others on...

Buying or Selling a Home: Jamaica Real Estate, properties in jamaica, jamaica real estate
properties in jamaica, jamaica real estate, island of jamaica: Hello Ann! I m not familiar with real estate law on the Island of Jamaica, but I know there are reputable Real Estate Brokers in Jamaica! Shouldn t be that hard, but I would definetley interview several Brokers either by phone or computer before I would...

Buying or Selling a Home: Joint ownership home resale, divorce agreement, periods
divorce agreement, periods, lawyers: HI John, Thank you for your question. I think the answers you are looking for should be in your divorce agreement. You must have some dates or periods of time outlined that state what you have to pay and when and if you have to sell anything. If...

Buying or Selling a Home: Joint ownership, and maybe a multi-family purchase?, family investment property, state mortgage
family investment property, state mortgage, president state: As long as your income and credit are good you should be able to accomplish everything that you desire to do. Talk to a mortgage broker in your area, have them run your credit and then have them make a proposal on how to structure your loans. Sincerely,...

Buying or Selling a Home: Joint ownership with survivorship, inheritance tax, survivorship
inheritance tax, survivorship, government agency: On the surface, without knowing more, I would say absolutely not. U inherited nothing in what you ID d above. You did lose a party to a property. RIGHTS of survivorship mean one party to a deed gains what the other did. You did not volunteer if...

Buying or Selling a Home: Joint Tenants, florida signs, joint tenant
florida signs, joint tenant, joint tenants: Kenney, A home that is purchased in joint tenancy cannot be sold without both parties agreement. You can bring a partition lawsuit to try to sell which must be first resolved. I just know this. I ve owned real estate purchased and sold as joint tenants....

Buying or Selling a Home: Joint tenency, relo package, appraisal price
relo package, appraisal price, thanks in advance: You re going to have to contact a REAL ESTATE attorney and force the partition sale of the property. Since you already have someone who is ready to pay an appraisal price, it shouldn t be too difficult. Hopefully, your ex will wise up and make it easy on...

Buying or Selling a Home: Joint Venture (Two couples buying a house to fix up and sell), errors and ommission insurance, brokerage fee
errors and ommission insurance, brokerage fee, mutual choice: Dear Mary Ann: Yes, it is fair, as the agent is using expertise and knowledge to the best advantage of everyone, and has costs relating to his business, car, gasoline, flyers, photographs, time, effort and espeicially errors and ommission insurance and...

Buying or Selling a Home: Judgements on Liens, jessica bryan, unpaid judgements
jessica bryan, unpaid judgements, foreclosed property: Hi; Yes, you can request that the bank pays off the existing liens. It can be part of the offer that the title be delivered free of liens. Open judgements if they are not attached to the property can certainly be transferred to the old owners, but if the...

Buying or Selling a Home: joint ownership, chunk, aol
chunk, aol, profits: I m agin it! It seems to me like your friend is too impatient, Erika, for two reasons. 1. I suspect real estate is going to sink starting next year. And if that be the case, you will not want any part of her property. 2. If am wrong and real estate...

Buying or Selling a Home: joint tenancy, joint tenancy, joint tenant
joint tenancy, joint tenant, mother in law: Goldy, Unfortunately, your husband cannot just add your name if it is joint tenancy. He and his mother will have to change it to tenancy in common to add your name. He can add your name at any time without refinancing. Very truly yours, Paul D....

Buying or Selling a Home: judgement, todd thornton, interest charges
todd thornton, interest charges, judgement: Lisa, You really need to contact a local attorney. I m a little unclear as to whether the judgment is against you or the home, but you get into additional attorneys fees, interest charges, etc. which is why I d suggest immediately contacting an attorney....

Buying or Selling a Home: Kitchen Remodel, earth tone colors, granite counter tops
earth tone colors, granite counter tops, stainless steel appliances: Hi Jim, As far as cabinets go, currently Maple is the style that is in the most demand. When selling, buyers are preferring wood floors over others. Granite counter tops continue to be a strong selling feature. Stainless steel appliances look great, but their...

Buying or Selling a Home: Can I be kept from selling my house, capital gains tax, purchase documents
capital gains tax, purchase documents, gangbusters: Sorry to inform you what you did not want to read, Russ, but many builders put that clause in their purchase documents for one main reason: to stop investors. And it is quite legal. However, they were doing it when things were going gangbusters. Sellers...

Buying or Selling a Home: kitchen question, formal dining room, cartwrights
formal dining room, cartwrights, desirable feature: Hi Sally, Thanks for your question. A country kitchen is a kitchen that is combined with the typical dining room into one bigger room leaving no formal dining room. Many people do not like to buy houses like this because they feel a formal dining room is...

Buying or Selling a Home: they knew it was rotted, hi tim, clap board
hi tim, clap board, sheathing: Hi Tim, Sorry to hear about your dilemma. The inspector is not responsible for things not visible to the eye without opening walls. It sounds like the seller/lawyer may have had knowledge of it, but if it is an estate his parents may have had the...

Buying or Selling a Home: know much about foreclosed..., foreclosed houses, bidding war
foreclosed houses, bidding war, foreclosures: Foreclosures are usually always sold as is . Since the bank owns them at the time, you go through a bidding war. Usually, your agent will tell you the date which the auction starts. You bid on the home. You can get it without the bidding but each state is...

Buying or Selling a Home: LAND CONTRACT, land contract, contract states
land contract, contract states, best bet: Hello Chuck, Thank you for your question. This sounds like a legal matter. When you entered the contract did you have an attorney review it? If so, contact that attorney for clarification. Your purchase terms should be in the contract. If the...

Buying or Selling a Home: LANDLORD IS IN BREACH OF LEASE, breach of lease, small claims court
breach of lease, small claims court, sign lease: Hello, lets make one thing clear. You have a sign lease. Case close. Ok, Since you have a signed lease, the landlord can not force you to move for reason of moving until it expires. In fact, if sold, you can not be force out until the lease expires. The...

Buying or Selling a Home: Land Contract, title insurance company, contract cancellation
title insurance company, contract cancellation, land contract: I see why the attorneys want $3,500, Jamie. There is a lot of work there. You are just not aware of what is entailed. When you sell the house, the title company involved is not going to let you just sluff off getting things signed on your own. The title insurance...

Buying or Selling a Home: Land Contract, legal ramifications, mortgage documents
legal ramifications, mortgage documents, financial abilities: Hello John, thank you for your question. My dear friend, I seriously hope that you have hired a real estate attorney to prepare the necessary documents, and check the financial abilities of the person you are considering to move into your home. Also and...

Buying or Selling a Home: Land Contract/Installment Contract, novice investor, land contract
novice investor, land contract, installment contract: Sultan, A land contract is considered a sale. Although you don t have deed yet, you have equitable interest. You can deduct the interest of the mortgage payments you will be making. Regarding the timeframe, you wil get the deed once you pay the agreed...

Buying or Selling a Home: Land Contract Problems, quick claim deed, contract problems
quick claim deed, contract problems, installment contract: Bobby, I do not know any real estate attorneys in Pinal County. However, I suggest you go to www.azbar.org. In the menu bar go to Legal Resources and click on Find a Certified Specialist then click on Real Estate . I do not know if there are any...

Buying or Selling a Home: Land Contract and property taxes, irs tax lien, land contract
irs tax lien, land contract, equitable title: Hi Gary, Unfortunately I can t answer this question for sure as I don t know where you live, and your local tax laws will apply. In Nevada, where I am located, unless the title transfers, taxes are only reassessed every five years. A land contract would...

Buying or Selling a Home: Land Contract, home equity line, land contract
home equity line, land contract, intrest rate: Unless your son can obtain financing on his own, the current loan you have on this house as well as what ever equity you pull out of it, will show on your credit report. If you own the home outright, you can of course sell it to him and finance it yourself...

Buying or Selling a Home: Land Contracts, dear sylvia, jessica bryan
dear sylvia, jessica bryan, land contracts: Dear Sylvia, Any contracts or changes in contracts should be handled by a real estate attorney. Make sure that the deed is recorded with the county as well. (The real estate attorney should be able to handle this for you. As for the rates, it really depends...

Buying or Selling a Home: Land Contracts, land installment, land contracts
land installment, land contracts, period problems: Hello Sultan, Actually the buyer obtaining outside financing is no problem unless there is a term clause in the existing financing agreement between the buyer and seller providing for a minimum term of seller financing. It s entirely possible that the...

Buying or Selling a Home: Land in FLA., quarter acres, half acre
quarter acres, half acre, downward spiral: Hi Michael, Based only on the information you have given me, it certainly does appear that the value of your lots is increasing significantly. Vacant lots in new subdivisions in preferred areas tend to have really good appreciation. If development is...

Buying or Selling a Home: Land Hold Contract, yr balloon, owning a car
yr balloon, owning a car, land contract: When you sell a property on a land contract, he (the buyer) is considered the owner and therefore he must pay the taxes and maintain the property. However, you are still the registered owner (much like a bank and your owning a car). As the registered owner...

Buying or Selling a Home: Land investing in Virginia?, prince william counties, land investments
prince william counties, land investments, deep pockets: Hello Michael, thank you for your question. Hmmmm, investing in Northern Virginia or DC land ehhh, hope you have very, very deep pockets. Here s my take Michael, I have one builder as a client and another that I help find land. Bottom line is that in...

Buying or Selling a Home: Land Lease, land leases, aol
land leases, aol, dick: Thirty three years have been used up on that land lease already. You will find that property with land leases tend to sell for less because as the years move on, the value of the property depreciates as it appreciates instead of merely appreciating like regular...

Buying or Selling a Home: Land Ownership......Is this a good idea?, variable rate loan, mr dennis
variable rate loan, mr dennis, building a house: If you are even ABLE to get a loan on that land, the most any bank would lend on it is MAYBE 50% of its value the BANK has put on it in an appraisal. If however you were to plan building a house on that land, then they would be willing to lend more because...

Buying or Selling a Home: Land Prices info in Williamburg Virginia area, williamburg virginia, flood zone
williamburg virginia, flood zone, northern neck: Hello John, thank you for your question. I m sorry that in this case I can not be of any help as even though I also practice in the Northern Neck, Williamsburg is another hour and a half south. I am not a member of their MLS and have never done any transactions...

Buying or Selling a Home: Land for sale in Virginia, clarke county virginia, old dirt road
clarke county virginia, old dirt road, paris heights: Greetings once again Robert. On this question I will have to pass as this is not the goegraphical region I work or have very much knowledge of. My suggestions since you have previously stated that the property can not be sub-divided, is to notify the...

Buying or Selling a Home: Landlord Property Rental, square foot shop, vending business
square foot shop, vending business, property questions: Hi Dino, Sorry for the late response, your message only appeared to me today. You have a long time tenant you want to get rid of? Does the tenant want to leave? You may want to back yourself up with a lawyer just in case. I would say the terms...

Buying or Selling a Home: Landlord Property Rental, square foot shop, vending business
square foot shop, vending business, property questions: couldn t I have him ordered off of the property in 24 hours with a policeman on civil stand by? --------- [i leave my email address and few people email me! hahaha] --------------- you may not do this UNTIL you decide to no longer have this tenant...

Buying or Selling a Home: Landlord Property Rental, square foot shop, vending business
square foot shop, vending business, property questions: Dino, Who knows? Seriously, you never know who has the upper hand. Generally speaking, I always figure the renter does because they are occuping your property with little or nothing at risk particularly if you do not have a rental agreement. Every state...

Buying or Selling a Home: Landlord Property Rental, square foot shop, vending business
square foot shop, vending business, time without notice: Everything has to go through the proper channels, I am not for sure what your exact state laws are , you need to call the local police department and ask them what your procedures are and how quickly you can get rid of him. Here we have to place an eviction...

Buying or Selling a Home: Landlord Property Rental, square foot shop, vending business
square foot shop, vending business, property questions: you could send a letter to your renter describing a cost of living and maintainence increase projected in one month, per quarter or per year. you can serve your renter notice to vacate because you want the property back if there is no lease. contact your...

Buying or Selling a Home: Landlord selling home that is occupied by a tenant, apple pie order, monticello ny
apple pie order, monticello ny, o clock: Hi Rachel, I don t know what kind of lease agreement you have with the tenant, but in general: Unless your lease has a specific wording prohibiting you from showing it, and as long as you give her 24 hours notice you may show the house. You may want to...

Buying or Selling a Home: Landscaping Value, home thanks, prospective buyers
home thanks, prospective buyers, thanks in advance: Hi Susan, Landscaping will certainly beautify property and add curb appeal to a home and be an invitation to prospective buyers to also see the inside, but excessive landscaping will not necessarily add more value. If ALL homes in a particular subdivision,...

Buying or Selling a Home: Large print, steep slopes, permanent residence
steep slopes, permanent residence, log cabin: Randy, I thought that I had answered this already, if not sorry. There are a lot of considerations to buying land or a house, particularly in the mountains. How to deal with wastewater, water supply, access, weather, steep slopes, etc. I hope that this...

Buying or Selling a Home: Lawyer missed closing date, estate question, closing date
estate question, closing date, aol: This is really not a real estate question, Claudia, however, if he has actually cost you money, then it would seem reasonable that he should compensate you for whatever it has cost you because it did not close when it was supposed to. So, I would ask him how...

Buying or Selling a Home: LEASE WITH AN OPTION TO PURCHASE CONTRACT, small claims court, dear frank
small claims court, dear frank, true worth: Dear Frank, My first thought was to get a real estate attorney s opinion on this one. My next thought is to ask if you had help negotiating this; if so, contact the agent who assisted you. Whether or not he is nuts has no bearing as to whether or...

Buying or Selling a Home: LEASE WITH OPTION TO PURCHASE CONTRACT, valid contract, family crisis
valid contract, family crisis, true worth: Hello Frank, thank you for your question. While I do not have all the language of your agreement with the seller to review - if you do have language that states agreement on price & terms and you can produce proof of the monies you gave him, yes, you have...

Buying or Selling a Home: Lease Purchase contract with a realtor involved, lease purchase contract, yr lease
lease purchase contract, yr lease, sfh: Jeff, I assume you are new to creative RE investing. You should NEVER use a realtor to find buyers to sell creatively!. You can find your own buyers by placing an ad that says: Owner Finance No banks! 5% down $700 mo. 555-5555 Well...

Buying or Selling a Home: Lease Purchase with defaulted student loan, lease purchase option, defaulted student loan
lease purchase option, defaulted student loan, favorite bank: Smith-- In a weak Real Estate Market, where there s a larger inventory of Homes for sale than people buying Homes,Sellers are usually more open to CREATIVE Home purchasing & financing methods. In those BUYER S MARKETS as they re called, Sellers are...

Buying or Selling a Home: Lease Purchase Plans, lease purchase options, real estate scams
lease purchase options, real estate scams, typical lease: Sorry for the delayed response. Was gone on vacation when you wrote. Lease/option should be approached with some wariness as it has been used in a number of real estate scams across the country. Now that is not to say that the general concept is not a...

Buying or Selling a Home: Lease Purchase Plans, lease purchase options, money deposits
lease purchase options, money deposits, luck john: Michael: With the way the lending market is today, very low rates, I would suggest you try to purchase up front. Most Purchase/option agreements require good faith money deposits, which could be almost the same as a down payment. I would suggest...

Buying or Selling a Home: Lease Purchase Plans, lease purchase options, tenant laws
lease purchase options, tenant laws, lease option: Lease options are a very good way for someone who doesn t have the funds to deposit as down payment on a regular purchase, or someone who has poor credit but is trying to resurrect it. It is one of the best ways to do just that. That is if the seller/owner...

Buying or Selling a Home: Lease Purchase Plans, lease purchase options, lease purchase agreement
lease purchase options, lease purchase agreement, time lows: Hi Mike, For a Lessee/Tenant/Buyer, a Lease-Purchase could be advantageous when there is a definite NEED to delay a closing … such as waiting for money for a down payment to come in, from…whatever (or additional time to save enough money for a down payment),...

Buying or Selling a Home: Lease Purchase Plans, lease purchase options, specified time period
lease purchase options, specified time period, credit worthiness: Hello Michael, thank you for your question and let s see if I can shed some light on this for you. A lease with option to purchase runs like this; it is designed for a buyer who wants a particular property but at this point in time does not have the cash...

Buying or Selling a Home: Leasing property while owner of proper is selling property, donut shop, leasing property
donut shop, leasing property, life thanks: One of the smartest things to do when you buy a shop of that kind is to insert a clause that allows you to have first refusal should the owner of the land decide to sell. Well, now the seller is doing just that and if the new owner decides to put his own donut...

Buying or Selling a Home: Legal description on deed, metes and bounds, using a protractor
metes and bounds, using a protractor, outfitters co: Hi Chris, Possibly the reason you were not finding any help on the internet is that you might not have typed in the words “Metes and Bounds,” as this is the type of survey system you are describing. Yes, you can draw a layout of the property using the...

Buying or Selling a Home: Legal documentation to transfer title..., prommisory note, amortization schedule
prommisory note, amortization schedule, baloon payment: Mark: If you transfer the deed without a lien, then they own the property with no recourse on your part. I would get a Title Company in your area to draw up the papers for you with a lien attached for the amount that they would owe you and they can run an...

Buying or Selling a Home: Legal Requirements for selling a house in VA, property disclosure statement, property management company
property disclosure statement, property management company, contract ratification: Joseph, sorry to delay in responding I was on holiday and missed setting the vacation date in AllExperts. As far as your question, 1)You must disclose the property condition to any potential purchaser. You may do this by either a Property Disclaimer...

Buying or Selling a Home: Lender won't give me information to avoid foreclosure, messy divorce, exhusband
messy divorce, exhusband, divorce attorney: Based on what you said, Sharie, you have only one choice and that is present your dilemma to your divorce attorney. He will force the lender to give you the information you desire, or, he may suggest you do nothing. Maybe he can get your husband to do the...

Buying or Selling a Home: Lender Back Out, mobile home lender, home portion
mobile home lender, home portion, loan commitment: Hi Brandon, To be honest, mobile home lending is very specific and a bit outside of my expertise. To get a better answer I would contact another local, mobile home lender and bounce your scenario off of them and see what they say. Your inspection fee...

Buying or Selling a Home: Les-Lis Pedens, lis pendens, title company
lis pendens, title company, thx: I understand what you re saying but this stuff isn t always fair. For instance, someone can file a lawsuit for any reason imaginable and it doesn t have to have merit - at least initially. The answer you don t want to hear is that you will probably need...

Buying or Selling a Home: Lien Follow-Up, rule of thumb, credit reporting agencies
rule of thumb, credit reporting agencies, best of luck: Hi Dale, Yes, you would return to the county where the property is located because that is where the IRS would have filed the lien. There s no way to know if the IRS has been paid off without checking with them. Sometimes there isn t enough left from the...

Buying or Selling a Home: Lien on our property, carpet company, property question
carpet company, property question, pool companies: Hi Elsa. I understand you are unable to repay the carpet company, but it truly does matter what the contract stated and what the laws are in your state whether they can lien your home or not. I m not an attorney, so I can t advise you of your rights or...

Buying or Selling a Home: Life Estate, life estate, brilliant person
life estate, brilliant person, joint tenants: Well, Luci, it is obvious that the person who asked you to market the life estate doesn t know his/her elbow from a hole in the ground. A life estate is only in existence as long as the person to whom the life estate was given is still living in that...

Buying or Selling a Home: Life Estate, life estate, 2 sisters
life estate, 2 sisters, siblings: The only way your name may be removed from a deed with a life estate is for you to sign it over to whoever. As long as you don t do any signing of a deed regarding that house, you have no concern until you Dad passes. Then you better hire a real estate attorney...

Buying or Selling a Home: Limited Warranty Deed, general warranty deed, bank foreclosures
general warranty deed, bank foreclosures, government entity: I m going to assume the foreclosure was a sale from/by a bank or government entity. I don t see why you d want or need to convert the limited warranty deed. You have title via a warranty deed, whether its limited or full, and any liens that were on the...

Buying or Selling a Home: Liquidating Rental Property, luck john, substantial money
luck john, substantial money, sq footage: John: If the lots are desirable enough for an investor, they would be more than willing to buy the lots and then demolish the homes. Even if you are not able to find an investor or developer to buy the property, you can advertise the property For Sale...

Buying or Selling a Home: Listing Agreement Canceling, notice of cancellation, verbose
notice of cancellation, verbose, aol: Anywhere on the listing agreement have the agent write, This listing may be cancelled UNCONDITIONALLY, without any prior notice, at any time by either party, by giving a WRITTEN notice of cancellation. A little verbose, but it does the trick, Jason. ...

Buying or Selling a Home: Listing Agreement - State of NJ, unhappy client, association of realtors
unhappy client, association of realtors, department of real estate: Marian, I do not know how the judge in the state of New Jersey would interpret the agreement, however, generally the NAAR employment agreement (exclusive right to sell) has been upheld in all states. Your agent undoubtedly will dispute there was a verbal...

Buying or Selling a Home: Listing Agreement, house for sale, signatures
house for sale, signatures, mortgage: Yes, both need to sign a listing contract. I m not sure why anyone would take on the liability of a mortgage and not also hold title. I would have your friend look into this as she can not list or sell the home without both signatures if both hold title. ...

Buying or Selling a Home: Listing a house, brian ray, propertyupnorth
brian ray, propertyupnorth, broker owner: Anyone you know who has an internet site could post your properties. If you want to send me the information I would be willing to post the information on my website. www.propertyupnorth.com As far as getting it posted to a MLS, I don t believe that is possible...

Buying or Selling a Home: Listing Information, fornos, mls listing
fornos, mls listing, realtor: Hi Scott, Thank you for your question, I take it you are a Realtor, Non-rep comp is what an agent is willing to pay another agent for selling their listing if the selling agent is a non-representation agent. The non-representation is normaly used for rentals...

Buying or Selling a Home: Living underground, underground home, insulating materials
underground home, insulating materials, forum check: I am not sure if you are asking about underground homes in general, or specifically in Dallas. If it is the later I can t help. If you are interested in underground homes in general this is a very interesting subject. There have been a few architects that...

Buying or Selling a Home: Loan, tax deduction, buying a home
tax deduction, buying a home, friedman: Henry, It depends on your situation. You would buy a home if you need a tax deduction for the interest and wish to build equity for the future. You may wish to rent if it is less per month if you are not concerned about the deduction or equity but need...

Buying or Selling a Home: Loan and real estate agent, home loan corp, escrow companies
home loan corp, escrow companies, real estate agent: Theresa, I don t know where you live or even if it is in the U.S. If you do live in the U.S., you have a few alternatives. Some states have a department of banking and some of corporation commissions which regulate banks/escrow companies. I wish...

Buying or Selling a Home: Loan, fixed rate loan, 30 year fixed rate
fixed rate loan, 30 year fixed rate, loan question: Hi Henry, the banks want to make sure you can afford your monthly housing payment and still have money left over to pay your other bills for food, utilities, etc. You can obtain financing from more than one bank to purchase a home (first and second mortgages)...

Buying or Selling a Home: Loans, food service industry, doc loans
food service industry, doc loans, farming community: We have excellent programs for people with no employment source. These type of loans are called NO DOC loans and we do not ask any questions about income, assets, or employment. All you need is a fairly decent credit score. We do these types of loans every...

Buying or Selling a Home: Loans, pre approval letter, sub prime loans
pre approval letter, sub prime loans, food service industry: Dear Christopher, Unfortunately, lending companies can be somewhat inflexible with regard to work requirements. They must be reasonable certain that you and your wife will have the financial means to replay the loan once it is made. I would suggest...

Buying or Selling a Home: Loans, food service industry, farming community
food service industry, farming community, lan administrator: Hi Christopher, Thanks for the question. What you are looking for is a NINA loan. (No Income No Assets) Now, you ll need good credit for this and you ll have to find a lender in Florida that does NINA s on Land+Mobile Homes. Just start going through a Google...

Buying or Selling a Home: Loans, food service industry, farming community
food service industry, farming community, lan administrator: Christopher....The only suggestion I can make would be to ask the seller to take the paper, and allow you to refinance once you get established. If you can offer a decent down to them, it might work. There are no lenders that will make a loan on speculation...Good...

Buying or Selling a Home: Loans, jessica bryan, food service industry
jessica bryan, food service industry, farming community: Dear Christopher; Without any source of income most lenders will not talk to you about a loan. My suggestion is to go and plead your case with a lender as soon as possible. The lender will begin the loan process subject to your finding work. Have an approval...

Buying or Selling a Home: Loans, food service industry, farming community
food service industry, farming community, lan administrator: Christopher, You might persuade the seller to do owner financing on the property. Mobile homes are not easy to sell; particularly in Florida as no one wants them because they are a hurricane waiting to happen. I don t know why you would ever want this property....

Buying or Selling a Home: Location of Home/Business, lease purchase option, licensed acupuncturist
lease purchase option, licensed acupuncturist, affluent area: Well this is a question that would best be answered by a local person in your market. I would stay away from high crime areas as no one wants to be coming to see you to get better if it means they are at risk in the process. I would locate in an affluent...

Buying or Selling a Home: Location of Home/Business, target customers, acupuncture clinic
target customers, acupuncture clinic, licensed acupuncturist: Mike, Obviously you need to make sure that you can have your business in the neighborhood. Then you need adequate parking for your patients as well as easy access. Other than that you need to locate in an area that is attractive to your clients - upscale,...

Buying or Selling a Home: Location, buffalo niagara, niagara area
buffalo niagara, niagara area, westchester county: HI Miguel, I am in Westchester County near New York City. If you would like me to refer you to a top agent in the Buffalo/Niagara area just give me you phobe number and email address and a little info about what you are looking for. Thank you. Han...

Buying or Selling a Home: Looking for a house e-z qualify, seller carryback, assumable mortgage
seller carryback, assumable mortgage, virtual broker: Ozzie.. That used to be very common but it has been a number of years since I saw such a mortgage. They talk about them all the time on TV Shows and Get rich quick deals...mostly they are not out there. There are still ways to do something similar...like...

Buying or Selling a Home: Looking for lot to build starter home - need advice, home architect, new home construction
home architect, new home construction, several thousand dollars: Hi Nathan, There are two things you need to address initially: Your lot and your house plan. If you already have a basic plan that suits your needs, then I would start searching for a lot. A lot with some slope on it might be more conducive to a home...

Buying or Selling a Home: Looking for lot to build starter home - need advice, home architect, new home construction
home architect, new home construction, several thousand dollars: Dear Nathan; First, I would like to address the issue of saving money by finding a builder and lot without the use of a REALTOR. In some instances you are right, but more often I find that the builder and seller will charge the same price regardless of whether...

Buying or Selling a Home: Looking for lot to build starter home - need advice, home architect, new home construction
home architect, new home construction, several thousand dollars: Hello Nathan, Finding the available lots and deciding on the best area for you is your major challenge. You are also working under the assumption that working with a Realtor will cost you an extra several thousand dollars. Having a pro represent you can...

Buying or Selling a Home: Looking at a Rent-to-Own Home, monterey peninsula, mr dennis
monterey peninsula, mr dennis, waste of money: If you found a seller who is willing to lease/option his property, that s pretty good for that area. It may give you a foothold on a house that ordinarily is hard to find. A lease/option usually works like this: The owner requires a deposit that is non-refundable,...

Buying or Selling a Home: Looking to relocate to Texas, houston vicinity, modular home
houston vicinity, modular home, mortgage company: Hey, Erik. A manufactured home typically is a mobile home that has been attached to land, thereby making it real estate. In that case, the wheels are removed, and sometimes the mortgage company requires verification that the axles have also been removed....

Buying or Selling a Home: Loss a sell due to a greedy RE broker. What to do?, real estate broker, offer letter
real estate broker, offer letter, agreement contract: Hi Lanchi, You can ask the real estate agent to let you out of the listing agreement and see if there is something that can be worked out. There really isn t any agency or court that will immediately terminate the contract. I will say this though, there...

Buying or Selling a Home: Lost title, hcd, escrow
hcd, escrow, mobile home: Hi Greg...no big deal, just don t start the process, as it gets bogged down in Sacramento. HCD is the agency you will contact...they have a website. Are you near the South Bay? We sell at no charge to the seller...no anything....buyer pays all fees....

Buying or Selling a Home: Low apprasial, many different ways, first thought
many different ways, first thought, realtor: Yours is a common situation and depending on how desperate you are to sell you house can be handled in many different ways. 1. you can tell the buyer that you are not going to readjust the purchase price and that their loan is now going to be an 82% loan...

Buying or Selling a Home: Low-Balling an offer, half acre, new appliances
half acre, new appliances, thinking the same thing: HI Nicole, Thank you for your question. It sounds like a typical real estate scenario. You like the house and have watch it on the market as the price got closer and closer to a price you feel it is worth. I would offer the 215 now and maybe they...

Buying or Selling a Home: Low Mortgage Rate, loan interest rate, state mortgage
loan interest rate, state mortgage, mortgage balance: The one percent (1%) loan does carry a few catches . Here is the lowdown on this loan type. This loan is called the monthly option ARM. It has a start rate of 1% and that is the actual rate of interest charged for only the first month. The actual rate...

Buying or Selling a Home: Lying realtor, two realtors, plumbing problems
two realtors, plumbing problems, warranty company: Do you have any documentation of this agreement? If you do, then go to the broker over these realtors, and then you can go to the licensing authorities over the brokers with your complaint. If you signed an agreement, without getting the repair item in...

Buying or Selling a Home: l, food service industry, farming community
food service industry, farming community, indiana property: Even when you DO have a job waiting, lenders will hesitate to finance your new property. The fact is, you moved from one state to another. Banks don t like that. They want to see how good your credit is WITHOUT borrowing from them. After a year of making...

Buying or Selling a Home: land contract, land contracts, main instruments
land contracts, main instruments, land contract: In Michigan, Wayne, land contracts are the main instruments for debt on real estate. So, I would take that question into a title insurance (or title abstract co.) and see if they can help you. Also, real estate attorneys can help, too. Chances are very...

Buying or Selling a Home: land contract, acceleration clause, land contract
acceleration clause, land contract, office max: A land contract is just a long contractual sale. As far as the IRS is concerned, its a bona fide sale the time you and your son sign the land contract...so he can write-off any interest. Since it is a sale, your son will be building a mortgage history...

Buying or Selling a Home: land contract, cancellation letter, real estate contracts
cancellation letter, real estate contracts, land contract: Hi Anthony, You have to look at what you sighed? How many months did you agree to? 10 months seems pretty long for a deal to be sitting on the table. First check how many months you agreed to? Most people sign 3-6 months real estate contracts. If someone...

Buying or Selling a Home: land contract gone sour, attorney costs, land contract
attorney costs, land contract, purchase agreement: This is strictly a case for a REAL ESTATE attorney. I cannot and will not offer any suggestion other than that. You are in a very deep situation, out of which only an attorney can get you out. Be sure to get all your attorney costs to be paid back by the tenant/buyer...

Buying or Selling a Home: land contract, problem banks, land contracts
problem banks, land contracts, land contract: As far as I am concerned, Wayne, I would say yes. However, it may depend on what it says or doesn t say on the land contract itself. If there is nothing about transferring, then it would be okay. If it does address it and forbids it, it could be a problem....

Buying or Selling a Home: land contracting, lienholder, land contract
lienholder, land contract, transfer of ownership: Hello DJ and thank you for the question. Basically, a Contract for Land is one where the Buyer takes possession of the property, transfer of ownership is done however, the Title is held in escrow with an attorney until the note is fully paid to the Seller....

Buying or Selling a Home: land financing, cash assets, retirement pension
cash assets, retirement pension, two strikes: Quite frankly, Kathleen, you have two strikes against you in your goal for January: Your recent bankruptcy and only 20% down on land. You would have a better shot at it if you at least could put 50% down. Otherwise, wait until you can plunk down all cash....

Buying or Selling a Home: land info, water sewage, flood zone
water sewage, flood zone, hook up: Rhoshania, I don t wish to seem self-serving but all the guide information you need (50 different issues) can be found in my book The Real Estate Guide to the Environment. You can find it at www.erols.com/profed. It discusses all of the factors you...

Buying or Selling a Home: land for log home, smoky mountains, local builders
smoky mountains, local builders, severe weather: Hi Randy, I m not sure exactly what you re asking, but if you plan to build a permanent residence IN the mountains, I would definitely be interested in the proximity to shopping and medical. Additionally, I would investigate the cost to build what you...

Buying or Selling a Home: land for log home, howard bailey, home expert
howard bailey, home expert, permanent residence: Randy, I am not familiar with real estate in those states. Certainly there are no real criteria for a site. Just find the ground you like. I would recommend calling a log home expert in those areas. For NH and Vermont, I recommend Lobo Construction,...

Buying or Selling a Home: land sale, warranty deed, proper documents
warranty deed, proper documents, five acres: You are asking for trouble, Joe, if you do not at least engage a real estate attorney to make sure this transaction goes down right. You d be surprised how many of these questions I get from people who have to unwind a transaction that was done a few years...

Buying or Selling a Home: landlord-tenant's rights, landlord tenant, luck john
landlord tenant, luck john, verbal agreement: Go to: www.YorkPAhome.com click on: Favorite Links Go down to: Rental There you will find link(s) that should help you. Also, a verbal agreement means nothing in real estate. Only a signed agreement is a legal document. Always have a verbal...

Buying or Selling a Home: Will lawsuit affect home sale?, class action lawsuit, source one
class action lawsuit, source one, future 3: Well, if you decide to sell now and an inspection is done on your house, it sounds like the problem will be found. (this is an out for the buyer since it s considered structural) Also, on the NC Property disclosure statement, it asks you...

Buying or Selling a Home: lawyer or no lawyer, escrow officers, escrow companies
escrow officers, escrow companies, jessica bryan: Dear Laurie; I know that closings are different in certain areas. If you live in a part of the US that has Escrow officers doing the closings you will not need a lawyer. However, in many parts of the United States Escrow companies are not involved. I cannot...

Buying or Selling a Home: leaky roof/ceiling, licensed plumber, improper repairs
licensed plumber, improper repairs, plumbing leak: Did the inspector test the area for moisture with a moisture meter? Sometimes things look repaired, but they may still have the moisture present and the problem was just covered up to make a sale. At this point it would be hard to know for sure. ...

Buying or Selling a Home: lease to buy in 1 yr, jessica bryan, refundable deposit
jessica bryan, refundable deposit, thanks for your understanding: Hello; I am finally back online! My computer crashed and I have a huge amount of email to answer. However, if you would still like an answer to your question I will be happy to answer within a few days…trying to get to the earliest ones first. Please understand...

Buying or Selling a Home: lease option, lease purchase contract, flip property
lease purchase contract, flip property, north central florida: Hello, I would be glad to help you. Go to: www.YorkPAhome.com click on: Favorite Links Go down to: Apartment Association rental property owners & managers Click on the first link. Just scroll down to FL. If for some reason that does not help,...

Buying or Selling a Home: lease with option to purchase, first right of refusal, third house
first right of refusal, third house, right of refusal: Jodie, In over 30 years of real estate I have only seen one lease option ever work. You are agreeing today to sell your house at some future date based on today s values. The only possible loser would be you. If the market goes down he doesn t exercise...

Buying or Selling a Home: lease with option to purchase, necessary cash flow, lease option
necessary cash flow, lease option, third house: Hi Jodie, That s a very good question. It sounds like something that would bolt me out of bed at 3:00am when I thought of it. You ll have to check with a CPA or an escrow company because I just don t know the answer to that one. I believe the sale...

Buying or Selling a Home: lease with option to purchase, mr ingram, septic repair
mr ingram, septic repair, option fee: Jodie, No serious red flags on the agreement that you mention. Only advice I would provide is that be careful to limit the term of the option. Most option agreements I have worked with provided the exclusive right to exercise the option and purchase...

Buying or Selling a Home: lease/purchase, lease purchase option, wear and tear
lease purchase option, wear and tear, leasing: Go to: www.YorkPAhome.com Click on: Favorite Links Go to: Lease to own / Rent to own / Lease purchase I believe you will find your answer there. As for payment, make sure it covers your payment and covers any repair cost either from things breaking...

Buying or Selling a Home: lease, jessica bryan, breaking a lease
jessica bryan, breaking a lease, dear liz: Dear Liz; The first thing you should do is to read the terms of your lease carefully. Most leases are soft on this subject as long as they can lease the apartment quickly after you move out. Breaking a lease is only a problem if there are many units that...

Buying or Selling a Home: leased land, rivers and lakes, land question
rivers and lakes, land question, land lease: Helen, The person selling the home on the leased land should also know who the land owner is. They would have to had signed a lease and had explicit permission to buy that building or build on the land. I would also check to see if the home is in a flood...

Buying or Selling a Home: leased land, chevron texaco, typical company
chevron texaco, typical company, mobil homes: If your house is on leased land, especially a five-year lease, your house has very little value. That s what leases do to value of properties. You must have a fee-simple title when you own property. You are at the mercy of the oil companies. If they should...

Buying or Selling a Home: am i legally bound?, legal repercussions, tenancy contract
legal repercussions, tenancy contract, single mom: Dear Robin; I think that you have every right to want to protect the boys as well as yourself in this type of arrangement. A person with bad credit can really hurt you and your future purchasing power. If this man decided that he wanted to have his lawyer...

Buying or Selling a Home: legitimacy of house-buyer investors, relocation companies, referral system
relocation companies, referral system, housebuying: Dear Richard: These companies need to make a profit therefore they pay less than the market value so that when they resell it for what is market value they can realize their profit. I see no gain or advantage for you. At least a real estate agent attracts...

Buying or Selling a Home: What are the lemon Laws in Texas, john mckenna, moisture problem
john mckenna, moisture problem, water leak: I recommend that you have all repairs done by a qualified Professional and document everything (including photos). If the seller will not help you with repair cost, then contact a qualified real estate Attorney ASAP for legal advise. Do not delay, or allow...

Buying or Selling a Home: lending a second mortgage, high interest rate, mortgage lenders
high interest rate, mortgage lenders, second mortgage: If you think you have problems now with those tenants, just wait until they leave the property after foreclosure and YOU have to repossess the property. Bite the bullet and evict those tenants. Being a landlord is being in business. If you re not willing...

Buying or Selling a Home: letter interested in buying home, local realtor, buying a home
local realtor, buying a home, realtors: Hi Gary, Thanks for your question. YOu could do a few things. Contact a local realtor to what the market in that community for you. You could write a letter or go door to door. The letter should explain who you are and where you live now and why you...

Buying or Selling a Home: being lied to by the seller and realtor, sewage lines, small claims court
sewage lines, small claims court, fiancee: Start your paper trail thusly: In a letter addressed to any and all Realtors in the transaction, and the seller, advise them that you want those items corrected by a certain date. If they are not corrected, you will pay to have it done and then you will then...

Buying or Selling a Home: lien on my title of my house, judgement lien, jessica bryan
judgement lien, jessica bryan, will most likely need: Dear Donald; I am not sure what the statute of limitations is on a lien, but you will most likely need to talk to an attorney to get this lien detached . If the lien is a mechanic s lien and the person can no longer be located, you will probably have pretty...

Buying or Selling a Home: lien, real estate agent, fha
real estate agent, fha, furnace: To answer your questions, Julie: No, no one can attach anything to your property without taking you to court to get a judgment. He is bluffing you. If I was you, I would simply say to him, I am taking this matter to your Board of Realtors. Then I am taking...

Buying or Selling a Home: liens on my house, child support lien, paying off your mortgage
child support lien, paying off your mortgage, hi mike: Mike, At closing, the closing attorney or closing title company will write AND MAIL checks to pay off the liens for you. This money never comes into your hands, and this is the buyer’s protection when an attorney or title company is used to close the transaction....

Buying or Selling a Home: life estate, property tax lien, life estate
property tax lien, life estate, consults: When a property is foreclosed upon, any and all liens, except the local property tax lien, gets wiped out and that includes a life estate. However, your friend, in order to protect his life estate, can pay the mortgage or lien for which the property is being...

Buying or Selling a Home: life estate be broken, probate court, estate moves
probate court, estate moves, life estate: Then you did not understand my reply, Ms Smith. A life estate is broken when the person who benefits by the life estate moves out. Period. Since you said you cannot continue to maintain the property, you simply sell the property! That breaks the life estate...

Buying or Selling a Home: life estate, life estate, aol
life estate, aol, provision: A life estate is usually given by someone who in most cases gives that life estate as part of his will. That means the title to the property actually is in someone else s name. If A dies and gives the property to B with the provision that C is given a life...

Buying or Selling a Home: How to list in MLS, mandatory continuing education, additional education
mandatory continuing education, additional education, carrying costs: Hi Nina, Your options open, you can for sale by owner or call one of the internet/ help you sell operations. Either way you most likely will be showing the house yourself and possibly marketing yourself. The companies will normally put you into the MLS....

Buying or Selling a Home: listing agreements, multiple listing service, member brokers
multiple listing service, member brokers, maximum exposure: Hi Mary, Thank you for your questions. In NYC brokers represent the seller on an exclusive basis when a contract is signed. Signing the listing contract will allow the broker to market/advertise your home without fear of another agent stealing the...

Buying or Selling a Home: listing cancellation, s broker, dual agency
s broker, dual agency, willing buyer: UJsually, Jerri, there is a document offered to you upon signing any purchase agreement that informs you that the agent is representing the buyer, too. If you sign it, then the agent can proceed to represent both parties. If you don t then the agent s broker...

Buying or Selling a Home: listing expired.. options?, go getter, dear dave
go getter, dear dave, safety risk: Dear Dave; Once your listing agreement expires you are free to list with whomever you choose. My suggestion is to interview several agents and find out what they are willing to do for you. Just because your agent didn t do any open houses or have showings...

Buying or Selling a Home: listing expired.. options?, luck john, john hall
luck john, john hall, showings: Dave: Once your listing expires you are free to list with whom ever you like or you could choose to try and sell the home yourself. Sometimes things do not sell on time or there are just reasons a home does not sell. Here in California, with the present...

Buying or Selling a Home: listing expired.. options?, weird sense, showings
weird sense, showings, puss: Yeah, they do that. I am sorry to say too many of the real estate agents out there have a weird sense of what is offering professional service. If I were you, I would tell him to go fly a kite, based on what you told me. You now may sign up with anyone...

Buying or Selling a Home: listing problem, verbal exchanges, contract documents
verbal exchanges, contract documents, mutual consent: Hello Janice and thank you for your question(s). Because you did not state where you are located, I will not be able to properly discuss this situation as I am unaware of the specific language of your sales agreement. Question two first, a contract will...

Buying or Selling a Home: listing problem, buyer agency agreement, mls services
buyer agency agreement, mls services, different situation: Hi Janice, The square footage issue could be a gray area, and several factors can come into play. I am assuming you are the Seller, and I am listing below several questions that need to be answered. 1. How much difference in square footage was the mistake?...

Buying or Selling a Home: listing problems, mediation arbitration, earnest money
mediation arbitration, earnest money, square footage: Dear Janice: I feel that this is more of a legal questions, and we Realtors are not allowed to practice law (advising legally) without a license. Also, in all fairness to you, I would have to see the contract itself before even giving an off the cuff response...

Buying or Selling a Home: loan transfer, assumable loan, loan payoff
assumable loan, loan payoff, amount of money: Hi Enes, IF the person selling a house has a FULLY-ASSUMABLE loan (of which there are few and none around now), you can pay him the difference in his loan payoff balance and the sales price he is asking – and pay him any difference due for his equity in...

Buying or Selling a Home: loan, good faith estimate, fha loans
good faith estimate, fha loans, fha loan: Yes your HUD-1 which is the legal and binding document(one of them) that you will sign at closing is a breakdown of all the money transactions involved in the loan. It will tell your purchase price, how much your downpayment is, exactly what your closing fees...

Buying or Selling a Home: which location i should pick?, necessary repairs, myrtle beach
necessary repairs, myrtle beach, charlotte nc: Hi Jason, Yes, there is always a good market for buying homes in need of repair, making necessary repairs (and dressing it up, in addition), and then reselling. I am not that familiar with the Charlotte, NC, market, but I would assume it might be a good...

Buying or Selling a Home: location, mo metro area, kansas city mo
mo metro area, kansas city mo, david garcia: David, He is willing to hçgive the deed FREE. No down payment, no closing etc. The home is worth $45,000 The loan balance is: $33,000 Monthly payments are: $450.00 The home needs some repairs 3-5K but nothing major. You can take overthe deed...

Buying or Selling a Home: how long do you have to wait..., chapter bankruptcy, free credit report
chapter bankruptcy, free credit report, todd thornton: Ronnie, Generally speaking there s not a set period of time. If you also filed for bankruptcy, the time period would depend on which chapter bankruptcy you filed. As a general rule, it takes at least a year to be considered for a loan and it may be much...

Buying or Selling a Home: lost mortgage?, original mortgage, existing mortgage
original mortgage, existing mortgage, sister lives: Until which time your sister has a free and clear title and deed and mortgage and note. I hope that she is keeping the money for the payments saved, as once the lender and the attorney figure out what is going on they will call the payments due, maybe even...

Buying or Selling a Home: Have lots of questions, orange county parks, palm harbor homes
orange county parks, palm harbor homes, south orange county: Hi Dick...I have 2 beautiful homes in Irvine. It is a 55+ park, however. It is an awesome park as well. They are Palm Harbor homes, which, of course you can find at their website. Probably best to call me and chat. I ll be happy to help, even if you buy...

Buying or Selling a Home: Making Offer - Buyer's Mkt, jessica bryan, s market
jessica bryan, s market, asking price: Desr Ricky; Making a low offer may offend the sellers to the extent that they won t give a counter offer. That is why it is very important to know your particular market well enough to come in with an offer that will reflect the averages of the area. Have...

Buying or Selling a Home: Manuafactured Houses, bells and whistles, tropical storms
bells and whistles, tropical storms, wind loading: Dan, By manufactured home , are you referring to mobile homes? They are the most common type of manufactured home . There are none constructed to a sufficient standard to meet the wind requirements of South Florida. There are several wind classifications...

Buying or Selling a Home: Manuafactured Houses, bells and whistles, tropical storms
bells and whistles, tropical storms, fornos: Hi Dan, thank you for your question. Here in South Florida the tropical storms are normaly not a problem, is the hurricanes you worry about. A Concrete, Block and Stuco home known as CBS, in my opinion is the only way to go in South Florida, manufactured...

Buying or Selling a Home: Manuafactured Houses, paper thin walls, bells and whistles
paper thin walls, bells and whistles, crew in one: Hello Dan, thank you for your question. My opinion usually gets me into a lot of trouble with my girl friend but as you asked.... First, congradulations on your decision to buy a home. You know, people are afraid of change. Manufactured homes did...

Buying or Selling a Home: Manuafactured Houses, bells and whistles, land acquisition
bells and whistles, land acquisition, dryvit: Hello Dan, This is a great question. As with everything in life, there are pros and cons to each choice. But before we get into the details, let s look at the big picture. Wether a home is built on site or manufactured off site should not make much, if...

Buying or Selling a Home: Manuafactured Houses, bells and whistles, roofing systems
bells and whistles, roofing systems, practicing real estate: Hello Dan; Living and practicing real estate in North Carolina, I have had lots of first hand experience with manufactured homes! Much depends upon the manufacturer. Quality control is in the factory much like it is in a stick built home. It depends upon...

Buying or Selling a Home: Manuafactured Houses, bells and whistles, manufactured home
bells and whistles, manufactured home, first house: Mind you, Dan, this is strictly my opinion. But you defintely should go an inspect a manufactured home or two and see what they are all about. You must realize that in some areas, manufactured homes are in the same class as mobile homes. Like mobile homes,...

Buying or Selling a Home: Manuafactured Houses, bells and whistles, tropical storms
bells and whistles, tropical storms, first house: Hello Dan, I m not sure where the built to stricter standards rumor originated, I ve heard it before but rarely see it in manufactured homes. I think it s marketing hype from the manufactured homebuilders. If it arrives on wheels, it will normally...

Buying or Selling a Home: Manufactured Homes Title Searching, fha loan, attourneys
fha loan, attourneys, jim root: Please let me know how this works out for you, Cindee! You can e-mail me direct @ real-t-pro@comcast.net or call 1-(509)220-6886 to discuss this matter further. If you need to connect with FHA,the FHA Customer Service Center s telephone # is 1-800 CALL FHA...

Buying or Selling a Home: Marginal house purchase, adding a room, judie
adding a room, judie, best bet: Jason, A modular home could be built for that kind of money but it would be far inferior to one that is not. So if he can add on to his existing home for the same amount of money, I think that would be a far better choice, if the one he has now is not a...

Buying or Selling a Home: Market Analysis, investment oppertunities, buffalo ny area
investment oppertunities, buffalo ny area, hud homes: Hi Miguel, Thank you for your questions. Certainly the Westchester area market is expensive to invest in, but the returns are proportionate. Buffalo could be a good market to look into, but more so might be Albany. New York s capitol is growing...

Buying or Selling a Home: Market trend, + info, jessica bryan, local realtor
jessica bryan, local realtor, market trend: Hi Miguel, I think that the market in that area is quieting down a bit. What that means is it will take a little longer to realize a large profit. My answer stands. I think that you should consider your tax benefits vs. how quickly and well these townhomes...

Buying or Selling a Home: Market Valuation, comparative market analysis, appraisor
comparative market analysis, appraisor, jessica bryan: Hello Miguel; A market valuation (often called a Comparative Market Analysis or a CMA) is done by a real estate agent. A market value can be presented to a seller who wants to know what their home is worth based on averages. If, for example someone wants...

Buying or Selling a Home: Marketing a condo, jessica bryan, time home buyers
jessica bryan, time home buyers, first time home buyers: Dear Cynthia; My advice is to make sure you are marketing to first time home-buyers or renters. I am assuming that your condo is an entry level condo meaning at a lower price than a detached home (I could be wrong). Different areas have different housing...

Buying or Selling a Home: Marketing Home, jamaica queens, multiple listing service
jamaica queens, multiple listing service, residental area: Dear Romero, Thank you for your question. Trying to sell your home on your own takes a lot of work and time and money to try to get some exposure. Your best course of action would be to list your home with a Realtor who is a member of a multiple listing...

Buying or Selling a Home: Marketing a House for Sale, albuquerque new mexico, carryback
albuquerque new mexico, carryback, new paint: OK You are not alone. Does your Realtor have a marketing plan that they have agreed to? Do they follow up on all showings?? Are they using several types of media like newspaper, magazines, websites and the like? Have you lloked online to see how your...

Buying or Selling a Home: Marketing house, cabo san lucas, cabo san lucas mexico
cabo san lucas, cabo san lucas mexico, realtor companies: It depends on what area it is located, how easy it is to see from the road, what the sales price is, if the house is vacant or not, if the property is in great condition or needs fixing up, if the seller is willing to carry back financing, is it a home that...

Buying or Selling a Home: Marketing, food prizes, target market
food prizes, target market, new appliances: Dear Ankit; You didn t say where these flats are located. Most towns in the United States have no problem selling so I am wondering if this is outside of the US? That would make a difference. Also, the price range is very important as well on how much...

Buying or Selling a Home: Median to Sales Price, arithmetic mean, statistical measures
arithmetic mean, statistical measures, median sale price: Hello Tim, Thank you for a brilliant question. I hope to prove myself worthy in providing the following answer, Median is one of three statistical measures (Mean, Median & Mode) an appraiser may use to determine a price of a home. The Mean is the Average;...

Buying or Selling a Home: Misled by the seller, earnest money deposit, closing cost assistance
earnest money deposit, closing cost assistance, mls multiple listing: Hi Matthew- I m sorry your first experience has been such a hassle. Please keep in mind that I am not a lawyer and that the laws vary from state to state however without seeing your contract, it sounds to me that you are dealing with a greedy seller who now...

Buying or Selling a Home: NEVER MOVED BEFORE, real estate web, real estate web sites
real estate web, real estate web sites, caiti: Dear Caiti: Yes, It is scary, but should also be exciting: something new!. You can always go back to Florida, but it will cost you moving expenses again. My suggestion is to go and explore first, that is, to go for a visit, stay in a hotel and go exploring/shopping...

Buying or Selling a Home: Mobile Home buying rights, fiancee, bernstein
fiancee, bernstein, escrow: Sorry, I don t think I can be of much help with this question. You must comply with the rules. I cannot advise you of ways to get around the system. The park wants to make sure they are approving a qualified tenant so they are not out of line expecting your...

Buying or Selling a Home: Mobile Home cost - new vs. 10 years later, course space, palm harbor
course space, palm harbor, manufactured homes: HI Cass, You didn t say what area in CA., but that info you seek, is probably not available. Having been around in those years, I can say that at the end of the 90 s prices spiked , then dropped for a few years. The last 2-3 years have been very active,...

Buying or Selling a Home: Mobile Home Disposal, double wide mobile home, salvage company
double wide mobile home, salvage company, retirement home: Hi Gary....I meant to ask them for a reference. The park won t do the work, but a mobile home company would, if it s a desirable location...and the space rent is right. Spaces are at a premium where I am, and sometimes we pay big bucks ! The space rent will...

Buying or Selling a Home: Mobile Home Park Evictions, mobile home park, san bernadino county
mobile home park, san bernadino county, lease park: If the park turns you down, you will not be allowed to move in! You can t be evicted, because you were never there. You would have to move the home to somewhere else, and no one want older homes....maybe you could sell it, but I m sure it would be a mess...

Buying or Selling a Home: Mobile Home Purchase, mobile home park, vanderbilt mortgage
mobile home park, vanderbilt mortgage, co signer: Emily...the amount should not be a problem. There are only a few lenders to use, and I suggest you do the following: Call MHM at 916-861 2292....ask for Dave, tell him you spoke to me. He will probably refer you to their website, but I think you should...

Buying or Selling a Home: Mobile Home Title, double wide mobile home, cement base
double wide mobile home, cement base, loan holder: Whoever has your loan has the title. Just like your car. When the car is paid off, you get the title from the loan holder. Same goes for the mobile home. Your mobile home, technically, is controlled by the department of vehicles. If it is attached to the land,...

Buying or Selling a Home: Mobile Home Title, mobile home park, legal time
mobile home park, legal time, hcd: Hi Candy, OK...all transactions of this nature go through Sacramento. HCD (Housing and Comm. Development)does the registration and titling. You should have received the registration by now, however titles can take MUCH longer! Escrow is a must for this...

Buying or Selling a Home: Mobile Home tax write-off, michael ps, santa cruz county
michael ps, santa cruz county, tax write offs: Hi Melissa, The only write-off you can use is the interest on the home loan, assuming you will need one. The rent increases are unavoidable..however, some parks are more understanding that others. If its a family owned park, they may not be doing an increase...

Buying or Selling a Home: Mobile Home, dinah, mobile home
dinah, mobile home: Hello Dinah, The foundation, driveway, etc are extra. The # s I gave Barb were for the move and setup only. Most contractors can do the work...nothing too special. Actually they will pull the permits, and do all that sort of stuff ahead of time...hope...

Buying or Selling a Home: Mobile home worth selling, park management, priviledge
park management, priviledge, riverside county: Hi Bambi....my suggestion would to find a new home dealer....they will probably pay you for the priviledge of putting a NEW home on that space. We do this here in the South Bay, and wish your home was closer.....of course selling through a dealer would be...

Buying or Selling a Home: Modular Homes, harrisburg pa area, time home buyers
harrisburg pa area, time home buyers, first time home buyers: Hello John and thank you for your question. Congratulations on your decision to join the ranks of home owners, it will be one of the best decisions you will ever make. As to your question regarding modular homes - I think that is a great direction for...

Buying or Selling a Home: No Money Down, minimum downpayment, condominium associations
minimum downpayment, condominium associations, income history: Dear Gus, Thank you for your great question. Your bank says you are approved for a mortgage of 100% of the value of the condo you want to buy. That is fine, they will lend you money based on your credit and income history. The bank will still need...

Buying or Selling a Home: Mortgage Broker Disclosed Personal Info to Seller, unrelated conversation, faith deposit
unrelated conversation, faith deposit, mortgage broker: The mortgage broker tried to assure the seller s realtor that your qualifications were excellent and that they should have no hesitation in accepting an offer from you. The mortgage broker probably did not need to go into all the personal details but I...

Buying or Selling a Home: Mortgage Fraud, mortgage fraud, appraisor
mortgage fraud, appraisor, fraudulent act: You have a legal matter here, Indigo. Do not delay, go get yourself a GOOD REAL ESTATE attorney. There is fraud indicated here. Suggestion: Never buy a property without doing your investigation and homework. Trust no one! You have discovered that you cannot...

Buying or Selling a Home: Mortgage ideas, amount of money, equity line
amount of money, equity line, 100k: Yes you could easily do that. Heloc s are wonderful tools to allow you to utilize the equity in your home to purchase new homes. The key is to pay off the equity line as soon as possible as the payments are interest only payments, so you have to figure the...

Buying or Selling a Home: Mortgage with a Judgment in repayment, repayment status, commitment letters
repayment status, commitment letters, commitment letter: Hi TeeRo, I really wish they would stop calling them commitment letters! You can get a commitment letter from a mortgage broker, but until the underwriter signs off on the loan and you have full underwriter approval in writing, a loan is NOT guaranteed....

Buying or Selling a Home: Mortgage Loan, boca raton florida, good faith estimate
boca raton florida, good faith estimate, state mortgage: The principal and interest at 6.5% for $189,000 is $1194.61. Since you are putting down 10% you will need PMI. PMI is calculated as Loan Amt x .0052 /12. $189,000 x .0052 / 12 = 81.90. The monthly payment for principal and interest will be: 1194.61...

Buying or Selling a Home: The Mortgage is Lost on the Home I am buying., jessica bryan, unpaid debts
jessica bryan, unpaid debts, thanks for your patience: Hello; I am finally back online! My computer crashed and I have a huge amount of email to answer. However, if you would still like an answer to your question I will be happy to answer within a few days…trying to get to the earliest ones first. Please understand...

Buying or Selling a Home: Mortgage loans, state mortgage, mortgage loans
state mortgage, mortgage loans, president state: VA financing is the best if you need 100 financing for the home you are purchasing. It is also great if you have poor credit. The VA doesnt care about your credit score. VA financing has its drawbacks though. The first is that there is a maximum loan...

Buying or Selling a Home: Mortgage Mess, revocable living trust, trust name
revocable living trust, trust name, joint tenant: Do it this way, Kate: You get a revocable living trust! Yes, it costs some attorney money, but based on your situation, it is well worth it. Your mother would be the main trustee. You (and your husband if you wish) would be substitute trustee. Upon your...

Buying or Selling a Home: Mortgage question, 30 year mortgage, mortgage question
30 year mortgage, mortgage question, avg time: You will not lose any money. The avg time a person stays in a house is about 7-10 years. If they all stayed 30 years I would be out of a job. The only penalty I have heard of from a mortgage company is if you pay off your mortgage before 5 years ( pre payment...

Buying or Selling a Home: Mortgage re-figuring, mortgage amortization, overdue debt
mortgage amortization, overdue debt, trust mortgage: Ahhhh...I see what you are saying. That mainly has to do with the accounting on your end. The simplest way would be to take the total amount owed, including missed payments, and recast it over the remainder of the loan ~5 years. Once you get that new payment...

Buying or Selling a Home: Mortgage and Title Transfer, tax expert, mortgage payments
tax expert, mortgage payments, title deed: OH CANADA! That s a different story. I am not familiar with Canadian tax laws or ownership for that matter. I strongly suggest you consult with a real estate attorney or as I said before, a tax expert to make sure whatever you do to help your parents doesn...

Buying or Selling a Home: Mortgage Woes, home insurance company, military mail
home insurance company, military mail, military attorney: It would seem to me, Cory, you should be taking the matter to Military attorney or JAG. This will probably drag out more than you would expect (you know all about hurry up and wait. ) Do you have any kin to take control of this matter? You will probably have...

Buying or Selling a Home: Mortgage, virtual broker, strange situation
virtual broker, strange situation, knudsen: Of Course you can. IN some instances there may be a pre-payment penalty but in no case have I seen a loan that specifically prohibited paying the loan off. I imagine that could happen but I would think that it would be a strange situation indeed. Get...

Buying or Selling a Home: Moving to FL community, citrus county florida, crs gri
citrus county florida, crs gri, john holloway: First of all, I m sorry that you didn t get an answer sooner. Somehow, this one slipped through the cracks...Your question is a difficult one. Obviously, every area has cheerleaders that believe their county or city is the best. If I were you, I would...

Buying or Selling a Home: Moving a house - Deed clearance, conveyance documents, competent legal advice
conveyance documents, competent legal advice, land deed: If you re getting the deed for free, pay to have a Real Estate Attorney prepare the conveyance documents for you. Even though the house my be considered personal property (instead of real property) the attorney can make everything go smoothly. Follow...

Buying or Selling a Home: Moving manufactured home from N. CA to S. CA, orange county area, quick response
orange county area, quick response, top dollar: Hi Jackie...give Hanna a call. Whether they would do it or not....they could give you an idea by mileage and setup costs. Bad news is that companies like mine and my competitors have people out looking for spaces every day to put new homes on....parks...

Buying or Selling a Home: Moving mobile home to land, clerk of the court, northern indiana
clerk of the court, northern indiana, mobile homes: Hi Barb, Well. if the move is far away, it may not be cost effective to move it! Selling it where it is, and buying where you want to move may make more sense. Moving a home is not cheap. You must consider the set up costs, utilities brought in, permits....

Buying or Selling a Home: Mr. Dennis,My wife and..., cost per square foot, mr dennis
cost per square foot, mr dennis, old houses: It is typical, Scott, for younger couples, when they finally decide to own their own home, want to buy a new home or build one. That is usually their first choice. If you can afford the costs of a new house (designing, landscaping, your own touches, etc....

Buying or Selling a Home: MSL listing and items to convey, small claims court, refrigator
small claims court, refrigator, advertising materials: Normally, MLS sheets are binding between agents, but many have disclaimers regarding errors. However, if you as a customer were given the MLS sheet as a form of advertising, the MLS sheet may be binding to you. Was the MLS sheet attached to your contract?...

Buying or Selling a Home: MULTI-FAMILY PROPERTY, negative amortization, pmi insurance
negative amortization, pmi insurance, pay option arm: Hi Debby, No Debby, it depends on what you want to do, how much you want to put down and how good your credit is. For most 10% down loan the lender/invester wants you to have over 700 fico scorw. If you are married, it s best that you both have good credit...

Buying or Selling a Home: Multifamily Investing, positive cash flow, multifamily property
positive cash flow, multifamily property, david garcia: Cornelio, With good enough credit, you may be able to obtain a 100% non owner occupied loan or an investment loan. Another option is for you to negotiate owner financed terms with a seller of a multifamily property. David Garcia www.realdeals3128.com...

Buying or Selling a Home: Multiple Offers and Poker Face, poker face, open house
poker face, open house, bac: You have every right to know if there were really any other offers. With the background of on the market and off the market, it sounds suspicious. I would call the office s owner or manager, and ask for confirmation of any and all other offers presented....

Buying or Selling a Home: Multiple Offers, bidding war, real estate agent
bidding war, real estate agent, best interest: A multiple offer situation always leaves one or more parties feeling as if something unethical has been done. A Real Estate Agent working for the Seller has only the Sellers best interest in mind. They are hired to get the best terms and price for the Seller....

Buying or Selling a Home: Multiple offers, purchase agreement
purchase agreement: Hi Mark, Technically you probably could but it s not very ethical. When you make an offer, you are basically saying that if the seller accepts your offer, then you are ready to go through with the deal. I always look at it this way, how would you feel when...

Buying or Selling a Home: Multiple offers, real estate marketplace, local realtor
real estate marketplace, local realtor, right of refusal: MARK-- You really need to discuss this matter with a Licensed Real Estate Agent and/or Attorney in your State, as the laws & regulations governing Realty transactions differs somewhat from State-to-State! BUT READ ON! If the rules in your Real Estate...

Buying or Selling a Home: Multiple offers for our home, jessica bryan, accepting an offer
jessica bryan, accepting an offer, good luck: Dear Judy; It is always a little risky with multiple offers. I suggest that you advise both parties that there might be another offer and to make their offer as soon as possible (but don t come across as pushy!) Then, when you get your first offer tell...

Buying or Selling a Home: Must advertised selling price of a home be honored?, real estate commission, real estate agent
real estate commission, real estate agent, asking price: IN a Word... NO! The Seller owns the home not the agent. You can complain to the Real Estate Commission but this type of thing happens often. I am sorry this one did not work out. We all want a good deal but the fact is that it appears there was never...

Buying or Selling a Home: major repairs before selling a home, tile colors, sister cindy
tile colors, sister cindy, fl panhandle: Sorry to disappoint you (and your sister), Cindy, but none of what you mentioned pays for itself when you fix it up. That is all maintenance stuff you mentioned. They are not major replacements or modernization. Buyer s expect all those things you mentioned...

Buying or Selling a Home: Is making an offer breaking the buyer's contract?, contract question, broker contract
contract question, broker contract, contract ends: You have signed a binding contract which has a beginning date and an ending date. As with any contract it is valid until expiration. There is no way around it. Perhaps you could get the Sellers to wait one day to sign the listing agreement so you can purchase...

Buying or Selling a Home: making a offer on a house, seller disclosure, question tha
seller disclosure, question tha, real estate contracts: That is a question for an attorney who has read you contract, but ... Based on most real estate contracts, you can only get out of it if the outs are fulfilled, i.e., most real estate contracts state something to the effect that if repairs exceed $XXXX...

Buying or Selling a Home: making an offer before I sell my house, perspective buyer, mls boards
perspective buyer, mls boards, smorgasboard: Hi Sasha, You can absolutely get pre approved for a new home loan contingent on selling your existing home. And you can make an offer contingent on the successful sale and closing of your existing home. The big question is whether or not the seller...

Buying or Selling a Home: making an offer, condo community, closing cost
condo community, closing cost, bedroom condo: Hi Joe, Sorry for the delay. Why don t you do both? It doesn t matter if you are going to live in the property for 1 year or 10. If you ask for what you want, you just might get it. I d ask for the seller to pay all or some of the closing cost and offer...

Buying or Selling a Home: manufactured home in pa, mobile home sales, realator
mobile home sales, realator, housing and community development: Hi Tammy, just typed you a long letter about this, but lost it while spell checking. Basically, an inspection is a good idea. She should contact HCD, Housing and Community Development. They will charge a small fee for coming out($60-70), and sign off on...

Buying or Selling a Home: marketing homesites Treasure..., homesites, citrus county
homesites, citrus county, treasure coast: Sorry, this really is outside of my expertise but I wanted to respond to you. Our average sale price in Citrus County is about 100,000 (until very recently it was only about $80,000) so you can see that we sell very little of what you are describing. Good...

Buying or Selling a Home: marketing & selling high end property, market audience, ranked school
market audience, ranked school, horse properties: Coincidence. I am writing and editing my next edition of The Landed Gentry, my monthly publication. And the lead article on the front page is: Help! Why won t my house Sell? The subhead says, Houses that sell just below market have a better chance. ...

Buying or Selling a Home: is a mfg home or townhouse better?, first time buyer, suburbs of chicago
first time buyer, suburbs of chicago, no doubt: Hi...well, there is really no doubt about it... real property is the best investment. $35K??...the only thing I ve seen this cheap would be a garage! Go for it. Taxes are a write off, and you will probably be paying a monthly space rent if you go with...

Buying or Selling a Home: minors on deed, probate judge, sheckles
probate judge, sheckles, successor trustees: There are all kinds of attorneys, Wendy. It would seem to me you should consult with an Estate attorney to form a living trust or something similar in which the minors are put on as successor trustees and you as their guardian should be able to sign for them....

Buying or Selling a Home: misc, jessica bryan, universal guidelines
jessica bryan, universal guidelines, approximate sizes: Dear Ron; You can access information on the Internet by going to www.realtor.com. All MLS listings are posted there. You can also get other real estate information such as the price homes sell for by going to www.domania.com. To answer your other questions:...

Buying or Selling a Home: misrepresentation by an agent, california association of realtors, california department of real estate
california association of realtors, california department of real estate, true evaluation: Kristen, You could seek the advice of counsel in one of two different areas. The first would be a real estate attorney. The second would be a civil trial attorney who deals with fraud or misrepresentation issues. I suggest you contact the California...

Buying or Selling a Home: mls question, alex dear, improper entry
alex dear, improper entry, purchase contract: Dear Alex; There was probably a typo when the person was entering the MLS information. If someone from your company enters all of the listings perhaps they were distracted and input the wrong information. It is not serious and you can certianly call MLS...

Buying or Selling a Home: mls, mls realtors, privilage
mls realtors, privilage, important tools: Dear Connie, No, non-realtors cannot list their homes in the mls. Realtors pay many hundreds of dollars a year for the privilage of listing in the mls, one of their most important tools of the trade. As a realtor, I strongly believe that it is in the...

Buying or Selling a Home: mobile home camden county 31558, moble home, legal question
moble home, legal question, camden county: This question is a legal question, and a Lawyer should answer it. The answer also depends on whether or not you are selling the land with the moble home or just the mobile home. If you are selling the land as well, a real estate attorney should be contacted...

Buying or Selling a Home: mobile home repos, care takers, palm harbor
care takers, palm harbor, forclosure: Hi Rob...Repos are rare now-a-days, and usually NOT good deals anyway. I am a dealer, and also look for them...occasionally buy one, and resell it where it sits. I represent to major manufactures: Skyline homes, and Palm Harbor. You could order whatever...

Buying or Selling a Home: mobile home sale, roanoke tx, park management
roanoke tx, park management, loan balance: Hello Tamara, Ok, space rent sounds really cheap, so that it definitely on your side. Hopefully, it is a 2 bedroom. What I would do: 1. Make it look at nice as possible...including the things that you mentioned before. 2. Ask park management,...

Buying or Selling a Home: mobile home title, ahold, real estate agent
ahold, real estate agent, mobile home: Had you used a real estate agent or a real estate attorney, you would not be in the spot you are in now. Now you gotta rescind the transaction and have her return you money. Let her mess around with the title. While she is still around, you should get your...

Buying or Selling a Home: mobile home title, certified mail, benefit of the doubt
certified mail, benefit of the doubt, local district: Very simply tell him, Kathleen, that if you do not get the title to the mobile home within five business days, you are taking this matter to the local district attorney to investigate a case for fraud! Send that in letter form and by certified mail. ...

Buying or Selling a Home: mold accusation, mold contamination, mold inspection
mold contamination, mold inspection, old dad: I can only answer the mold issue as I am not an attorney. I assume your father had the inspection done by a reputable mold inspection company? If so, he should have a written report from them showing there is no evidence of mold. I would think that would suffice....

Buying or Selling a Home: mold accusation, mold contamination, old dad
mold contamination, old dad, michigan town: Hey, e. Mold can cause health problems, but a contractor or a management company probably are not the right people to go through the home to make any claims about looking fine when it comes to mold. A mold specialist or a home inspector would be a better...

Buying or Selling a Home: no money down, land contract, mortgage broker
land contract, mortgage broker, money down: That makes it a little more difficult. Does the current tenant that holds the land contract want out of it? Are you living there and paying the amount you spoke of earlier? If you live there and some one else has the contract and you want to buy it the seller...

Buying or Selling a Home: How to make money?, city of fall river, fall river massachusetts
city of fall river, fall river massachusetts, city of fall river massachusetts: Hi Michael, Sorry to hear that your investment did not yield as much as you expected. From what you have written, I would recommend that you always “back into” your pricing to estimate your profit, which I m outlining below: After deciding on a price...

Buying or Selling a Home: How to make money?, city of fall river, fall river massachusetts
city of fall river, fall river massachusetts, city of fall river massachusetts: Hello Michael, If there was an easy answer to your question then everyone would be doing it. There are not many opportunities for easy money. You just have to be ready to jump when they appear. Buy cheaper, cut your costs and expenses and either hold onto...

Buying or Selling a Home: How to make money?, city of fall river, fall river massachusetts
city of fall river, fall river massachusetts, capital gains tax: Michael, I m impressed with your investments. What you can do is Sell the property for $390,000 conventionally then immediatley use your profits and re-invest it to avoid paying 39% of capital gains tax. Option 2: You can live in the property for at...

Buying or Selling a Home: How to make money?, city of fall river, fall river massachusetts
city of fall river, fall river massachusetts, city of fall river massachusetts: Dear Michael; Making money in real estate is very dependant upon the market at the time you sell. Buying and fixing up then reselling is a good way to make money--but not large amounts. Perhaps you should get your broker s license and then you can keep...

Buying or Selling a Home: How to make money?, city of fall river, fall river massachusetts
city of fall river, fall river massachusetts, city of fall river massachusetts: You re doing well, Michael, but you don t know it. First of all, you must realize making mortgage payments IS NOT part of your expense. Why? Because you are paying yourself back with part of that mortgage payment. If you want to make more money from...

Buying or Selling a Home: How to make money?, city of fall river, fall river massachusetts
city of fall river, fall river massachusetts, city of fall river massachusetts: Hello Michael, thank you for your question. While I have no idea of your market in Mass, from your comments it appears to me you need to research your properties a little more thoroughly before buying them. When I consider an investment property for...

Buying or Selling a Home: No money down, time home buyer, first time home buyer
time home buyer, first time home buyer, gimmic: Hello Michael, It is possible to buy a home with no money down. In order to find out if you qualify and to determine what payment makes sense for you, make an appointment to speak with a local mortgage broker. They will guide you thru the financing process...

Buying or Selling a Home: when should we get money, escrow account, money check
escrow account, money check, earnest money: I would have your attorney look over the papers to make sure they are in order before you sign anything. Once your attorney has determined the contract is valid, then at the sigining they should give you the earnest money check and your attorney will hold...

Buying or Selling a Home: No money down purchases, paycheck to paycheck, work dedication
paycheck to paycheck, work dedication, food expenses: Doreen, If a student is serious about investing in real estate, I can train them for 3 days live in person. You will see me in real life action setting up deals & calling sellers. My fee is just to cover my travel, hotel & food expenses. $1,600 covers...

Buying or Selling a Home: no money down ????, real estate investments, ezr
real estate investments, ezr, david garcia: Darlene, There are many many ways to buy without money down or credit. Too many to list here. Try visiting my site at: www.ezreinvesting.com & read the glossary of terms page & request the free courses I offer. I offer 3 day live personal training...

Buying or Selling a Home: morgage or pay in full, apples to apples, todd thornton
apples to apples, todd thornton, risk level: Nancy, It really depends on your situation. As a general rule in my opinion, most people are better off paying in full because you re saving the interest charges. Interest is tax deductible but only 1/3rd of the people in the country itemize on their taxes....

Buying or Selling a Home: mortage, downpayment assistance program, housing preservation development
downpayment assistance program, housing preservation development, first time buyer: (L-U-C-K) FOR INFO ON FIRST-TIME HOME BUYER S PROGRAMS IN NYC, CONTACT THE CITY OF NEW YORK S DEPARTMENT OF HOUSING PRESERVATION & DEVELOPMENT BY CALLING 311 FROM WITHIN THE CITY OR (212)NEW YORK FROM OUTSIDE NYC!THIS AGENCY HAS A DOWNPAYMENT ASSISTANCE...

Buying or Selling a Home: Getting a mortage with bad credit, mortage companies, 30 year fixed interest rate
mortage companies, 30 year fixed interest rate, credit score: Whoever told you that you need a 620 credit score to obtain a mortgage is incorrect. I can assist you with a mortgage regardless of your credit score with only 3% down payment and a 30 year fixed interest rate of 6.75%. Call me anytime at (561) 239-7300...

Buying or Selling a Home: mortage, hot water heater, apprasier
hot water heater, apprasier, mortage company: Just keep on looking for a knowledgeable lender, Donna. You obviously had an appraiser who just didn t know his/her business. Not everyone is proficient in their job, as you know. Just one thing: in today s market lenders are being very choosey. So, keep on...

Buying or Selling a Home: mortgage, freeman associates, associates realtors
freeman associates, associates realtors, privacy clause: Cobra, Hello there. Check your purchase agreement for any clauses stating that your information may be shared with the listing agent. Here in Oregon, by signing the purchase agreement, the buyer authorizes the lender to provide any non-confidential...

Buying or Selling a Home: getting a mortgage with bad credit, getting a mortgage with bad credit, intensive subject
getting a mortgage with bad credit, intensive subject, long distance charges: Financing is a very intensive subject, and I always pass the buck on questions about lending. Here are 2 lenders that I send my clients to if they are having credit troubles. Both of these lenders specialize in financing people with bad credit and repairing...

Buying or Selling a Home: mortgage broker, exact loan, buying a condo
exact loan, buying a condo, mortgage broker: No usually a brokers fee is 1% of the purchase price. And the rate should be lower than that of a bank. That is the good thing about brokers, they can have the rates at a lower cost, so your rate should be lower than a bank. My suggestion would be to call...

Buying or Selling a Home: mortgage brokerages, mortgage brokerage business, mortgage brokerages
mortgage brokerage business, mortgage brokerages, time committment: Opening up your own mortgage brokerage business can be extremely rewarding and profitable. It can also be extremely difficult and frustrating. Depending on the state in which you reside, the difficulty in obtaining the license can be varied. It certainly...

Buying or Selling a Home: mortgage companies, mortgage brokers work, becoming a mortgage broker
mortgage brokers work, becoming a mortgage broker, state mortgage: The mortgage broker never needs to attend a closing. The closing takes place at the title company and the closing documents are delivered to the title company by the lender. The mortgage brokers work is essentially done when the lender indicates that the...

Buying or Selling a Home: mortgage company, good faith estimate, none of those things
good faith estimate, none of those things, mortgage company: HI Robin.... Sorry to hear about this all too common problem. The lender should have provided you with a GFE or Good Faith estimate. A rate lock letter would have been helpful. It sounds like you have none of those things. I would agree with your...

Buying or Selling a Home: mortgage loan, mortgage problems, california broker
mortgage problems, california broker, mortgage payments: First of all, Amy, I have been a California broker since 1971. There is very little in real estate with which I am not familiar. I will address each question you have as I approach them. You said, The loan lady said that my husband can be added . . . ...

Buying or Selling a Home: Should i take out a mortgage or pay all-cash for a condo unit.??, mortgage interest tax deduction, condo unit
mortgage interest tax deduction, condo unit, interest tax: Thanks for the question Tom. Your accountant would be able to best answer that for your specific situation. Any financial planner would probably tell you to have a mortgage because you can grow that large amount of money faster in a stock or mutual fund...

Buying or Selling a Home: Should i take out a mortgage or pay all-cash for a condo unit.??, mortgage interest tax deduction, condo unit
mortgage interest tax deduction, condo unit, cold cash: Not knowing the price of the condo, all I can say is that if you pay $10,000 per year in interest and your income ranks you in the 25% tax bracket, that means you cut off $2,500 in cold cash in taxes. I would recommend you talk with a tax expert (CPA, tax...

Buying or Selling a Home: Should i take out a mortgage or pay all-cash for a condo unit.??, mortgage interest tax deduction, condo unit
mortgage interest tax deduction, condo unit, unit thanks: The only time you ever need to borrow money (get a mortgage) is when your cash earns you more money than it costs you to borrow money. If you take a mortgage at 6.75% interest this is only advantageous to you if your CASH is making you greater than 6.75%....

Buying or Selling a Home: Should i take out a mortgage or pay all-cash for a condo unit.??, mortgage interest tax deduction, condo unit
mortgage interest tax deduction, condo unit, unit thanks: The tax interest deduction is one good reason to get a mortgage but a more important consideration would be are you sure you want to tie up that much cash? You might want to consider making a substantial down payment and mortgaging the rest in order to keep...

Buying or Selling a Home: Should i take out a mortgage or pay all-cash for a condo unit.??, mortgage interest deduction, mortgage interest tax deduction
mortgage interest deduction, mortgage interest tax deduction, stocks bonds: Tom, This is a complex question. There are two reasons to finance real estate. The first is the mortgage interest deduction if this is a condo for you to live in. If this is a rental condo, you may be able to write off the financing as a business expense....

Buying or Selling a Home: mortgage/title, mortgage company, parents
mortgage company, parents, money: Usually yes. You can also (usually) both be on the title when only 1 person is on the mortgage. However final determination of what is allowed depends on your mortgage company. They are lending the money, so they are in charge so to speak about the options...

Buying or Selling a Home: move house deed, title insurance company, hi amy
title insurance company, hi amy, proper documents: Hi Amy, My best advice would be to get a local title insurance company involved. They will make sure that indeed the title is free and clear of liens and encumbrances), and insure that for a nominal fee. They will also make sure all of the proper documents...

Buying or Selling a Home: Just moved in our home, old republic home warranty, whole shebang
old republic home warranty, whole shebang, tree roots: As long as you can prove that the previous owners knew of this problem, Karen, you should not have any problem getting a real estate attorney to get them to pay for the repairs . . . if they did not reveal this in the disclosure statement you should have received...

Buying or Selling a Home: moving in to our new home, nasty situation, aol
nasty situation, aol, nerve: That s a lot of damn nerve, Judy. If you have a Realtor representing you on the purchase of that property, have him/her take care of that problem. Otherwise, you must get a real estate attorney real quick and get them out of there and/or pay you for the days...

Buying or Selling a Home: multifamily purchase for investment, residential mortgages, rule of thumb
residential mortgages, rule of thumb, property interest: Hi Jude, Thank you for your question. I appologize for the lateness in my reply. I wasn t able to get in my email as I was away on business for the greater part of the week. Let me attempt to address your question, and if you need more information about...

Buying or Selling a Home: NAME ON HOUSE, jessica bryan, claim deed
jessica bryan, claim deed, paperwork: Dear Carla; You need to fill out a document that is called different names (depending upon where you live) but basically it is a quit claim deed that is signed by the one party stating that they give up any claim to the property. You can also do this...

Buying or Selling a Home: Name not on deed, neighborhood realtor, warranty deed
neighborhood realtor, warranty deed, grant deed: Some states will allow the husband to sell the property without the wife be present. I am not sure about Kansas. I would call a title company or talk to your neighborhood Realtor and find out for sure. You can have your name put back on the title by having...

Buying or Selling a Home: NEED HELP SELLING MY HOUSE, real estate commissions, selling a house by owner
real estate commissions, selling a house by owner, luck john: Patty: Real Estate commissions are negotiable - you need to meet with some agents in your area and see what commission rate you can agree with. In today s market there are so many disclosures and other requirements the seller is responsible for that it...

Buying or Selling a Home: NEED TO SELL MY HOME., hurricane rita, sour lake texas
hurricane rita, sour lake texas, bad memories: Hello Katharine and thank you for your question. I am sorry to hear of your situation and that I may not be of much help since I work in Virginia and Washington DC. I suggest that you contact three different real estate companies that you see have For...

Buying or Selling a Home: Need ask about earnest money!, legal repercussions, jessica bryan
legal repercussions, jessica bryan, earnest money: Dear Steven; You need to read your contract with the builder. Chances are, there is a provision or contingency that says something about not qualifying for a loan. I assume that if you can t sell your home for the amount you planned, you would need to get...

Buying or Selling a Home: Need ask about earnest money!, steven dick, post haste
steven dick, post haste, earnest money: If you are concerned with the law in Texas, Steven, I recommend you have a REAL ESTATE attorney handle this matter for you post haste! You did everything backwards with that builder. In that contract with the builder, you should have stipulated that nothing...

Buying or Selling a Home: Need ask about earnest money!, money checks, legal effort
money checks, legal effort, earnest money: Hi Steven, Every builder contract is a little bit different with regards to the earnest money so be sure and read that section carefully. If you cancel the earnest money check before it clears your account the builder may have recourse to collect however...

Buying or Selling a Home: Need ask about earnest money!, earnest money, money check
earnest money, money check, hi john: Dear Steven; Thank you for your question… In this market, it is very difficult today to get the price you have in mind. The price usually comes from a price you may have been given or heard about in the past. Because of the ever changing market due...

Buying or Selling a Home: Need ask about earnest money!, money question, earnest money
money question, earnest money, money check: You have to look at your contract in regards to the deposit. There are usually contingencies that would allow you to get your deposit back. From my experience you should be fine. If the builder threatens anything take your contract to an attorney for advice....

Buying or Selling a Home: Need for an attorney??, low interest loans, depressed neighborhood
low interest loans, depressed neighborhood, low interest loan: This is a very typical way for homes to close in this day and time. Most buyers dont have money for a down payment, so they dont have money for closing cost. There is nothing illegal about it. Lenders would not allow the loan to close if it were. We...

Buying or Selling a Home: Need To Back Out of Escrow, probate issues, california contract
probate issues, california contract, extenuating circumstances: Hi Cindy, If your friend and his partner owned the home as joint tenants then there would be no probate and the property goes to your friend. It sounds like your friend is still negotiating credits for repairs etc. Your friend can refuse any credits...

Buying or Selling a Home: Need help badly, brokerage fee, st petersburg fl
brokerage fee, st petersburg fl, mortgage terms: Tell the agent that you will not lower the price but that you will consider this $1,000 in the offer that the buyer makes!! ( I doubt that he really has a buyer!!)Real Estate, for the first time in a long time, is now a buyer s market!! I know, because I am...

Buying or Selling a Home: Need Immediate Help, bridge loan, first house
bridge loan, first house, contingency: Hi! If you have until Monday to make any changes and you would feel more comfortable putting a contingency in the contract, than by all means do so. However, the seller does not have to agree to those terms. If the seller does agree, the house will still stay...

Buying or Selling a Home: Need to know home selling process, jessica bryan, best buy
jessica bryan, best buy, time seller: Dear Sania; Since you are selling on your own,I suggest that you do as much reading and understanding of the local market as you can before you put your home on the market. Personally, I would never suggest being a first time homeseller and going alone on...

Buying or Selling a Home: Need to know leagle procedure, first american title, state mortgage
first american title, state mortgage, president state: To sell a house on your own you need only to find and hire a title company to handle the closing of the transaction and to provide the title work. Call First American Title. They are in all 50 states. The only other thing you need is a purchase and sale...

Buying or Selling a Home: Negotiating with a huge Builder, good faith estimate, deal breakers
good faith estimate, deal breakers, reputable builders: I m not sure she would agree as to the termination of your biz relationship . It wouldn t surprise me if she doesn t still expect to be paid. Even is she is out of the picture, the builders agent is probably intent on picking up what would have been her commission...

Buying or Selling a Home: Negotiating price after signing a contract on a new home, earnest money deposit, freeman associates
earnest money deposit, freeman associates, associates realtors: Since you have a signed mutual agreement as to the price and terms of your contract, there is really no way out of the contract unless you have written contingencies that the builder has not preformed. If you breach your contract you run the RISK of losing...

Buying or Selling a Home: Neighborhood underpricing (based upon the market value) their homes, unqualified buyers, allen wade
unqualified buyers, allen wade, wade cook: 602-705-2319 cell # I am not sure what else u wish to have me say. but call if I can be clearer. u have understood most of what i have said. why someone sells is not important if they want or need to sell. sometimes, in a slow area re growth,...

Buying or Selling a Home: New Career, real estate salesman, craig proctor
real estate salesman, craig proctor, getting into the game: I do wish you well, Adam, because it is going to be rough. You are coming into the business at a time when the buyers rule the roost and it is always tough when that happens. Why do I say that? Because the name of this game is listings. In otherwords,...

Buying or Selling a Home: New Construction, proper drainage, new home construction
proper drainage, new home construction, weed controls: Hi MJ, Well, my experience with basements is limited. (We don t have basements here in South Texas) However, from what I understand, you should not be having wet spots in your basement. It could be due to several reasons including; lack of proper drainage,...

Buying or Selling a Home: New Construction Errors, time fo, first error
time fo, first error, plan changes: Dear Valerie; The reason there are models is to show people what they are buying. It is unthinkable to make more than moderate and small changes without first notifying the Buyer and allowing them to approve those changes. I don t know what the builder is...

Buying or Selling a Home: New Construction undisclosed variations to floor plan, beating a dead horse, mission viejo ca
beating a dead horse, mission viejo ca, cement wall: Angela, At this point, being in the townhouse one year, there is not much you will be able to do other than contact an attorney. The attorney may have some more comforting words than I have, but that is the exact type of thing you should have pointed...

Buying or Selling a Home: New Construction, french drains, weed controls
french drains, weed controls, wet spots: First of all if you are not getting answers that you need from the builder you may have to consult your real estate attorney. With regard to the wet spots, unfortunately this is an issue that should have been dealt with prior to building. The basement should...

Buying or Selling a Home: New construction error Please help, construction litigation, litigation attorney
construction litigation, litigation attorney, homebuilder: How much higher was it supposed to be? And how much does it bother you? If you do not want to accept it, you may be able to let them sell that house as a spec to someone else and you can buy another one. Of course, that is also providing that you have...

Buying or Selling a Home: New Home Construction, escrow account, new home construction
escrow account, new home construction, party broker: Hi Jess, Builders contracts are a different breed. All of them are different and they are heavily slanted towards the builder, as you are unfortunately finding out. I can tell you that for a typical real estate transaction between 2 represented buyers in...

Buying or Selling a Home: New Home Construction, new home construction, windows and doors
new home construction, windows and doors, true representation: Good Question Ed.... Somethings are obvious like windows and doors and cabinets. It is the items inside that are hard to know. Usually you can get a list form the builder as many products have a warranty and are included in the final builder packet....

Buying or Selling a Home: New Home Consturction/under warranty, golf course condos, programable thermostat
golf course condos, programable thermostat, digital thermostat: It sounds like you may have some genuine complaints and I recommend that you consult with a qualified real estate attorney for your area. You have got several issues that need to be looked at from a legal stand point as well as a structural view. Save...

Buying or Selling a Home: New Home Inspection, pretty good guy, home inspector
pretty good guy, home inspector, buying a new home: Hi BJ, I don t want to rain on anyones parade, but I can t tell you the number of lawsuits that have been filed against builders who have been pretty good guys! It s the things that show up down the road, especially when you go to sell, that will hamstring...

Buying or Selling a Home: New Home owners, swamp cooler, climate area
swamp cooler, climate area, water infiltration: Hi Sharon, Sorry to hear of your dilemma, but disclosure issues are fast-becoming an ever-increasing problem in the real estate business. If you ever buy another home, be sure and research good, reputable home inspectors and pay for the best. Remember...

Buying or Selling a Home: New Home Purchase, mortgage payments, purchase contract
mortgage payments, purchase contract, lease option: I thought I answered this one already, Vanessa. But here goes again. Try to sell the NEW house. There are people who will be willing to buy. Advertise. Ask people who are shmoozing around the subdivision. YOu might bump into someone who will be interested,...

Buying or Selling a Home: New Home Purchase, phoenix metro area, new home construction
phoenix metro area, new home construction, luck john: Sean: Buying pre-owned vs new is really a buyers choice. Some people like new homes, for the same reason people like new cars. Every thing is new and shiny. With a new home you will need to do the landscaping, new decorating, repainting, and...

Buying or Selling a Home: New Home Purchase, first time buyer, mortgage officer
first time buyer, mortgage officer, humble texas: Dear Landon: You have taken the first step, and that is asking for help. Buying your first home can be overwhelming! You need a good Realtor and a good mortgage officer if you are going to be borrowing money. You should find an experienced Realtor in the...

Buying or Selling a Home: New Home Several Problems, worst case scenario, jessica bryan
worst case scenario, jessica bryan, warranty period: I assume that you have a 1 year warranty that covers things like this. I would talk to the builder and impress upon him that something further needs to be done (beyond the things he has already tried.) Worst case scenario:If he is unwilling to do more then...

Buying or Selling a Home: New Home Warranty, new home warranty, small claims court
new home warranty, small claims court, roofing contractor: You should call in a roofing contractor to assess the amount of damage there is and if it indeed is the fault of the builder. Find out how much it would cost. Then ask the builder to repair it based on what that figure is. You can take it to small claims...

Buying or Selling a Home: New home construction w/huge problems, horizontal cracks, asking the right questions
horizontal cracks, asking the right questions, roof shingles: Lynn, We do not think we should have to purchase such a home. Is our only recourse to litigate (DE)? Depending on what your contract states, and what state you are in and what the laws of that state cover, and (finally) whether or not your area has...

Buying or Selling a Home: New Manufactured Home Closing Cost, triple wides, home brokers
triple wides, home brokers, junk fees: Then tell them you want to see a full accounting and reasons for the costs of all the closing costs involved or you will walk away. And if they won t refund your money, then take them to court with a real estate attorney if you have more than $5,000 ($7,500...

Buying or Selling a Home: New renter SC. Landlord selling, 1yr lease, dwelling unit
1yr lease, dwelling unit, multiple listing service: Hi Jacie, For starters, when property is sold, any valid Lease Agreement conveys WITH the sale, and any new owner has to, by law, honor the remaining term of the Lease. Therefore, short of your agreeing to vacate upon being given 30 days notice, and –...

Buying or Selling a Home: New York City Real Estate, public open houses, personal referral
public open houses, personal referral, lunch visit: Hi Jim, Thank you for the questions. Your first challenge would be to find areas that you would like to live in that are in your price range. Try my site at Coldwellbankermoves.com/hans.weber. From there you can investigate housing prices in the tri-state...

Buying or Selling a Home: Newly purchased home with many unresolved issues, small claims court, realestate agent
small claims court, realestate agent, first mistake: Mart, I am out of town on vacation and this was delivered to my spam folder so that is why it has taken me so long to reply. I do not know any shifty agents nor lenders. I would think your only recourse is against the home inspector. You really need to...

Buying or Selling a Home: Non-Disclosure about Septic Tank Problem, tank inspection, tank problem
tank inspection, tank problem, septic tank: You are permitted to sue in small claims court for up to $7,500 (in most states, $5,000 otherwise), especially when the seller indicated there were no problems whatsoever with the septic tank. As long as you have the document that says that, you have a good...

Buying or Selling a Home: Non-disclosure of leaks, earnest money deposit, disclosure statement
earnest money deposit, disclosure statement, roofer: As long as Maryland has a law that says the seller must disclose EVERYTHING, then it appears that you may back out of the deal and receive your earnest money deposit returned. It would seem that if you insist on having the repairs done to the roof and anything...

Buying or Selling a Home: Notary public, notaries public, law trusts
notaries public, law trusts, living trusts: Dear Amy: Notaries Public in California, and probably everywhere (more likely in the whole USA), are allowed to notarize documents for out-of-state documents within their own state (not at other states). They are certifying that the document was actually...

Buying or Selling a Home: Number of bedrooms, rec room bar, neutral carpet
rec room bar, neutral carpet, finshed basement: Dear Dan: I apologize for the delay in response, but my computer was down. First of all, you should not be making a decision until you are positive you know when you are going to sell. When the market is really good, no matter what changes you have...

Buying or Selling a Home: NY Property Disclosure Form, property condition disclosure statement, property disclosure form
property condition disclosure statement, property disclosure form, property condition disclosure: Hi Bob, Thanks for your question. Yes, New York state law requires sellers to complete the Property Condition Disclosure Statement and make it available to all potential buyers. And yes, sellers can decline to fill out the form and credit the buyer $500...

Buying or Selling a Home: Ny purchase closing, bank mortgage, purchase money
bank mortgage, purchase money, michele: Hi Michele, Thank you for your question. At a closing with a bank mortgage involved in the transaction there is a bank attorney involved. Most lenders have a list of authorized closing attorneys. These attorneys do sometimes also represent the buyer...

Buying or Selling a Home: name on deed, selling parent's house, death certificate, executor
death certificate, executor, probate: I hope that one daughter who is executrix is you, Pat. Because this is the duty of the executrix . . . what you are doing here. The death certificate must be filed with the county and if no will was left, then you must make sure that your parents did not have...

Buying or Selling a Home: necessity of finishing flooring in otherwise finished basement, cheap carpet, new carpet
cheap carpet, new carpet, basement space: Dear Sharon; I would put in a very inexpensive neutral carpeting. The difference between a mid-price carpet and really cheap carpet is not only appearance but durability. However, you don t have to worry about how long the carpet will last. Just put something...

Buying or Selling a Home: I need advise, department of regulatory agencies, business principals
department of regulatory agencies, business principals, finance business: Hi Maile, You don t need to attend a college/university and in most states you only have to be 18 to get your license. Every state is slightly different, so you may need to check with Hawaii s Department of Regulatory Agencies. They would oversee all of...

Buying or Selling a Home: need an answer asap, upstate ny area, answer asap
upstate ny area, answer asap, home contract: Hi Jose, Buying out a home contract is not a term much in use in the Upstate NY area, but I believe it would equate with an assumable mortgage. With an assumable you agree to take over the existing mortgage at the existing rate and continue on to the end...

Buying or Selling a Home: Do you need a business to be paid commission on a real estate transaction?, business license tax, real estate broker license
business license tax, real estate broker license, california real estate broker license: Hi Chris, The answer unfortunately, is yes and no. As a broker licensed with the DRE, you can do business with your license without anymore paperwork with the Department of Real Estate. The problem is, in a real estate transaction the SELLERS agent is...

Buying or Selling a Home: need help bad, default clause, credit score
default clause, credit score, buying a new home: Dear Megan; What does your contract state under terms and conditions for a loan? In most contracts pre-approval is not enough since all that does is confirms that as of a certain date the Buyers are qualified to buy a home. There is usually a clause that...

Buying or Selling a Home: I need an idea of how long it will be before i sell my home, propety, cold weather
propety, cold weather, extraordinary things: Hi Tracy, I wish I had the answer, or at least some good news to share with you regarding your questions. But I do want to share some strategies that can get your property or at least minimize the monthly holding cost you may incur. Let s face it, there...

Buying or Selling a Home: I need to know about Rent-to-own agreements, refundable security deposit, rivertown
refundable security deposit, rivertown, buying houses: Hi Jennifer; First of all, if your agent has helped you find the rent-to-own customers, then you should stick with the agent. He/she is entitled to the commission once the home closes. If the agent has not helped you with that then it is your decision what...

Buying or Selling a Home: need my mobile home moved 5 miles, mobile home movers, home mover
mobile home movers, home mover, asap thanks: Robyn...thought you had read my profile info. The South Bay area of Southern California. If you are in this general vicinity, I can offer some names. If you are out of state, or up North, just search mobile home movers. I have a couple that I know are...

Buying or Selling a Home: need some money, shreveport louisiana, jessica bryan
shreveport louisiana, jessica bryan, investing in real estate: Dear Antoine; I do not recommend investing in real estate if you do not know the market/or what you are doing. Perhaps the best investment is to get your license and begin by selling real estate while you acquaint yourself with the market in your area. ...

Buying or Selling a Home: I need real estate advise!, real estate broker, luck john
real estate broker, luck john, mlx: Elizabeth: I understand you appear frustrated, but, first things first. When you signed the listing agreement with your Broker, did you put anything in the contract about you getting a break on the sale? If not, then you are responsible for whatever...

Buying or Selling a Home: Do we need a realtor?, jessica bryan, buyers agent
jessica bryan, buyers agent, mortgage company: Dear Sharron; I know that I already answered this question but it is showing up as unanswered. Perhaps it is floating around in cyberspace somewhere. My answer was that having someone acting in your best interests as a Buyer s agent is desirable but...

Buying or Selling a Home: need to refi home and buy new car, home equity loans, interest charge
home equity loans, interest charge, tax preparer: Hello Loren, thank you for your question. Congratulations on the new addition ; - ) Not all that you ask is something I am qualified to answer since I am not your lender or tax advisor. In order to determine which option best suites your needs consider...

Buying or Selling a Home: When do you need a renter's license?, jessica bryan, private rental
jessica bryan, private rental, renter: I don t know what state requires a renter s licnese for a private rental. I won t say for sure that it is not required but having been in several states I do know that a licnese is not required for selling or renting if the person is not representing his...

Buying or Selling a Home: need to sell, bedroom ranch, loan department
bedroom ranch, loan department, conventional loan: Hello Christine and thank you for your question. In the loan documants, your will see a paragraph, usually on one of the first couple of pages, that deal spcifically with paying off the loan early. If there are any Pre-Payment Penalties, they are required...

Buying or Selling a Home: needing help 1st time buyers, 1st time buyers, private contract
1st time buyers, private contract, alvin tx: Anita....unfortunately there are no lenders that will touch a situation like yours,for obvious reasons....they are putting $$ out with little previous proof of repayment. You will have to keep looking, but look for for sale by owner ....sell them on the...

Buying or Selling a Home: Who needs to sign grant deed?, grant deed, trust attorney
grant deed, trust attorney, quitclaim deed: There are a few ways to handle this, Lee. The first and preferable way is to put your husband s interest in that duplex into a family or living trust. That way, the trust owns that portion of the duplex with you and your husband as the main trustees. This...

Buying or Selling a Home: Who needs to sign the title, quick claim deed, divorce situation
quick claim deed, divorce situation, messy divorce: In a divorce situation, Holly, no QUIT-CLAIM deed is necessary in selling the mobile home or anything else. But you should check with your divorce attorney to make sure on that. While you re at it, check to see if your dad is still on title, too. If not, then...

Buying or Selling a Home: neighbors garage one foot on our property, adverse possession, real estate broker
adverse possession, real estate broker, encumbrance: Connie, In all jurisdictions, you can sell that space to your neighbor and give them a deed for that space. In most jurisdictions, you can sue them to recover for an encumbrance which may be monetary or an injunction to have them move their garage. ...

Buying or Selling a Home: net estimate way off, local real estate, grand total
local real estate, grand total, aol: Based on what you said, Jody, sounds like she s running a scam. In real estate, if it is not in writing, it was never said. With that in mind, she can deny anything you said she said to you, and you have nothing to fall back on. Whatever she said should have...

Buying or Selling a Home: new to the business, mortgage loan officer, what is a mortgage loan officer
mortgage loan officer, what is a mortgage loan officer, chapel hill north carolina: A mortgage loan officer is simplay the person who sells the program. It is a generic term for the type of profession. He/she can work for a bank or can broker loans. A loan officer meets with the clients and qualifies them then turns everything over to...

Buying or Selling a Home: new home buyer, new home buyer, michigan housing
new home buyer, michigan housing, pocket expenses: Hello Mark, PAY WHAT THEY ASK??? IN A SOFT MARKET??? How can that sound reasonable. Closing costs are a couple thousand maybe. A seller with no buyers will drop that in a heartbeat. Mark, a Realtor suggesting that you pay what a home is listed for...

Buying or Selling a Home: new home construction purchase, deposit monies, professional home inspector
deposit monies, professional home inspector, tele book: I recommend that you hire a qualified attorney and professional home inspector ASAP. You need to know your rights, and what is indeed on your contract NOW. Do not wait. Act NOW. If you wait too long, then problems in the construction process can be covered...

Buying or Selling a Home: new home construction, john mckenna, college station texas
john mckenna, college station texas, phase inspections: I would recommend that you check with a variety of sources to verify a builders reputation, including the BBB, past Clients, and municipal records of any actions that may be on file. You may need Professional advise to do an exhaustive background check. ...

Buying or Selling a Home: new home contract release, ductwork installation, pooler ga
ductwork installation, pooler ga, contract release: Hi again Shirl, Yes, that language sounds a bit ambiguous, but I think what the builder is saying is that the quality of the materials and finish in your intended home would have been very similar to his other homes in the same subdivision. Even if...

Buying or Selling a Home: new home contract, home contract, earnest money
home contract, earnest money, buying a new home: Dear Kelly: I am sorry you are going through such a terrible process. Buying a new home should be an enjoyable and exciting time, but apparently too many obstacles are in your way. As I do not have a copy of your contract, I cannot answer a yes or no absolutely...

Buying or Selling a Home: new home flooded in construction, lifetime guarantee, reputable builder
lifetime guarantee, reputable builder, running into trouble: Not exactly correct, Derek. You live in the house. And as long as you have no trouble with ANYTHING, you do not have to report anything. The only things you do have to report are those that YOU DO have problems with. In the meantime, enjoy your new house....

Buying or Selling a Home: new investor, rich dad poor dad, new investor
rich dad poor dad, new investor, timeing: Steven, As long that people need food, clothes, & a roof, tere will always be room for investing in these. Real Estate can indeed be profitable regardless of interest rates if you learn creative financing techniques. David Garcia www.ezreinvesting.co...

Buying or Selling a Home: new owner no new lease, hey mary, new lease
hey mary, new lease: Hey, Mary. Generally, if you re on a month-to-month lease, as long as the owner gives you 30 days notice (some states require 60 days), then you would pay the new rent. The advantage of a month-to-month lease is that you can leave with 30 days notice, something...

Buying or Selling a Home: new property, seal documents, estate question
seal documents, estate question, living trust: You are not exactly asking a real estate question, Jon. You are asking an estate question. You should ask an attorney who specializes in estates and probates. He/she will be able to answer those questions for you. I do wish you well. Dick Dennis ...

Buying or Selling a Home: new realtor, kate bowman, personality conflict
kate bowman, personality conflict, shoddy treatment: Dear Kate: The showing of the house is completely separate from the lsiting side of the house. TR can still sell your home and not be the person you deal with in that office. Remember that the broker owns all the lisitngs anyway, and that each agebt under...

Buying or Selling a Home: new or used?, best bet, private owner
best bet, private owner, preconstruction: Hi Gloria - That s a very loaded question without knowing exactly what you want. If you re talking about investing, its always easier to buy from a private owner unless you have inside info with a large investment group that gets deal on preconstruction...

Buying or Selling a Home: new vs old, paint brush, county governments
paint brush, county governments, repair man: Looks like you re still a young un, Lori, even after 28 years having been married and owning a home. Young uns usually would rather have new homes in which to live. Very typical. However, Lori, you forget one thing. It doesn t matter how old your house...

Buying or Selling a Home: How should a newly married couple plan to sell and buy a home, bedroom townhouse, couple plan
bedroom townhouse, couple plan, fianc: Hi David, First of all, congratulations on your upcoming wedding. If you want or need to have the equity from the sale of both homes in hand in order to purchase your marital home, I would suggest selling them both now. The worst thing that can happen...

Buying or Selling a Home: non-contigent offer, faith deposit, honost
faith deposit, honost, board of realtors: Dear Lori: I am so sorry you have been treated in such an unprofessional manner by an agent who deserves to be disiplined by his or her local board of realtors. Call the board and see how you should file a formal complaint. I am sorry that buyers cannot...

Buying or Selling a Home: How to notarize a copy of an original, accurate reproduction, hispanic countries
accurate reproduction, hispanic countries, jurat: Dear Natalie: Actually, it is a great question (in my opinion). In California the duties of a notary are: Administer oath/affirmations, take acknowledgements, take depositions, take affidavits, take protests, and certify copies limited to powers of attorney...

Buying or Selling a Home: null and void contract, contract question, open contract
contract question, open contract, financial hardship: Hello again, I m sorry about all your troubles. It seems these buyers were being very deceptive. If I understand what you are saying these buyers are on public assistance and probably have no money. If that is the case, then suing them will not get...

Buying or Selling a Home: Obtaining Title Insurance, title insurance company, leins
title insurance company, leins, worse case: Hi Steven, I apologize for not responding sooner, as i thought i had replied. To answer your question, here in California it s mandatory to do a search to see if there s any pending leins on the property. I believe that title insurance is a good way to...

Buying or Selling a Home: Obtaining Title Insurance, owners title insurance, question title
owners title insurance, question title, 23 years: Hi and thank you for your question. Title insurance is always a good idea when buying any property. You want to be sure there are no liens attached to the home that are not satisfied when the new owner takes possession. As with all states, the fees for...

Buying or Selling a Home: Obtaining Title Insurance, title insurance, 23 years
title insurance, 23 years, bernstein: Dear Steven, I can make this short and sweet. Do not even think about purchasing any real estate without obtaining Title Insurance. There is no way you can be absolutely confident that some cloud on the title won t show up. Good luck, Sue Bernstei...

Buying or Selling a Home: Odd home buying situation, balloon mortgage, rising interest rates
balloon mortgage, rising interest rates, service mortgage: On your situation here are some comments: Option 1. This is a potential avenue and actually would provide you with some positive benefits. However, the challenge will be the financing that you would have in place on the property and how that debt service...

Buying or Selling a Home: Odd home buying situation, balloon mortgage, rising interest rates
balloon mortgage, rising interest rates, depen: YOu definitely need someone like a real estate attorney or very knowledgeable Realtor working to negotiate on your side. First of all, if they want an appreciation clause then you should have a depreciation clause. That means if the market continues to...

Buying or Selling a Home: Odd home buying situation, balloon mortgage, rising interest rates
balloon mortgage, rising interest rates, back option: The sale and rent back option is your best option if you want to lock in today s price. You can obtain 100% financing for the new home. After you eventually close on your existing home, you can refinance or recast the mortgage in order to reduce your monthly...

Buying or Selling a Home: Odd home buying situation, balloon mortgage, rising interest rates
balloon mortgage, rising interest rates, sales contract: Hi Kristen, This is intersting and could get complicated if you don t have it all spelled out correctley. The answers are in bold below: 1. We buy the house from them now, and they rent it from us until their house is ready. The problem is that we...

Buying or Selling a Home: Offer for our house, financial mistake, short end of the stick
financial mistake, short end of the stick, ploy: Hi Sharon, First of all, good news that you are now getting activity on your home. Keep in mind with lots of showings you only have 1 offer so treat it seriously. It sounds like everyone is acting emotionally regarding this offer so it is important to...

Buying or Selling a Home: Offer for our house, financial mistake, short end of the stick
financial mistake, short end of the stick, ploy: Hi Sharon, Thanks for your question. I apologize for the lateness of my response. I ll try to address the issues you ve pointed out in your question, and if you have any follow-up question regarding this and any other topic I invite you to contact me directly...

Buying or Selling a Home: Offer for our house, financial mistake, short end of the stick
financial mistake, short end of the stick, ploy: Hello: 1) Counteroffering: I m not completely sure of your situation because your math doesn t work. Halfway between 270 and 250 is 260, which is not a bad counter. I think the key in ALL negotiations is to make sure that whatever you do, you only plan...

Buying or Selling a Home: Offer on a house, mail phone, html david
mail phone, html david, tax deeds: There is no black or white answer. Everything is negotiable in Real Estate. Factors that will affect your offer are: 1. Motivation and urgency of seller to move. This can allow you to make a low offer & wait for their counter-offer. 2. Sellers market....

Buying or Selling a Home: Offers made on houses, cedarville university, real estate broker
cedarville university, real estate broker, extenuating circumstances: Hi Jennifer, It sounds as though you re having a bad experience with a real estate agent. I m sorry to hear that. First, I must proceed with a disclaimer. I am not an attorney and therefore, cannot provide legal advice. If you need legal advice you will...

Buying or Selling a Home: Offers to Purchase, offeree, offeror
offeree, offeror, party subject: Hello Benjamin, thank you for your question. I certainly appreciate a detailed question. I like to keep things simple. Consideration: The value, asset, service, information etc. which is offered to another party in a contract in exchange for that...

Buying or Selling a Home: Office Building Purchase / Exchange, mike schneider, creative possibilities
mike schneider, creative possibilities, business client: Since you feel it s a bad idea to have your client as a partner, and since you d prefer to keep your relationship at arm s length, Mike, then it would seem to me having him have an interest in your building is out of the question. I disagree with you, however....

Buying or Selling a Home: HOW OLD DO I HAVE TO BE???, credit worthiness, friens
credit worthiness, friens, alredy: Dear Liliana; I am not Rommel, but my name is John. Rommel for one reason or another could not answer this question, and it is a good question... First, I would recommend that you contact a good Realtor in your area to start with. Getting a good Realtor...

Buying or Selling a Home: Old Houses, underground oil tanks, labor day weekend
underground oil tanks, labor day weekend, contaminated soil: Judy, Just got back in town from the Labor Day weekend, and I do not know what the New Jersey guidelines or requirements are, but: As far as the EPA goes, if the underground storage oil tank is not leaking, typically, they can just be removed. However,...

Buying or Selling a Home: Open House, vote of confidence, words of wisdom
vote of confidence, words of wisdom, shoreland: respond to me please via email now that we have said HI kkemper1@mindspring.com and yahoo messenger buy both houses. and at the open house, have almost lake front signs...... get back to me privately for anything more you wish to discuss....

Buying or Selling a Home: Option pending, houston area, worthington
houston area, worthington, freeway: Dear Wayne: In Texas, the option pending period is a short time after the contract is pending that the buyer can back out for a fee. That is usually about 3-10 days. I can help you find a knowledeable agent if you like. Just email me. www.worthington-realestate.com...

Buying or Selling a Home: Optomizing Sale Price, paint job, windows doors
paint job, windows doors, broken windows: Hi Sean, Thanks for your question. I could mail you our booklet on what to do to yor home to get the best price if you give me your address. If you only plan to remain where you are another year before selling then big renovations are not adviseable....

Buying or Selling a Home: Overpriced house/Change Realtors?, change realtors, local newspapers
change realtors, local newspapers, showings: Gee, Sharon, don t you realize that you had contacted me before, and you are going against my suggestion that you stick with one agent for a period of time and yet here you go, trying to get more input from more people which will only confuse you. You are...

Buying or Selling a Home: Overpriced house/Change Realtors?, change realtors, local newspapers
change realtors, local newspapers, last question: Hello Sharon and thank you for your question. Let s begin with your last question - over pricing and the general publics view of it. Let s face it, all buyers want to gain as much from the sale of their home as possible -it s no secret that buyers think...

Buying or Selling a Home: Overpriced house/Change Realtors?, change realtors, local newspapers
change realtors, local newspapers, s market: Hi again, Sharon, I can hear your frustration! It is doubly hard when there are not properties that are similar to comp your home to so that you know it is properly priced. But if your home has had showings but no offers, that usually indicates it is still...

Buying or Selling a Home: OWNER FINANCE 100%, foreclosure situations, owner finance
foreclosure situations, owner finance, deadbeats: Pros: INTEREST INCOME Cons: IF YOU HAVE TO FORECLOSE FOR NON PAYMENT OF MORTGAGE PAYMENTS YOU WILL INCUR SIGNIFICANT ATTORNEYS FEES AND WHEN YOU ARE FINALLY ABLE TO TAKE BACK THE PROPERTY YOU WILL HAVE ENDED UP LOSING MONEY. IF THE HOUSE GREATLY...

Buying or Selling a Home: Owing more than home is worth, mortgage relief, mortgage holder
mortgage relief, mortgage holder, first mortgage: In situations such as yours, Jodi, (they call it being upside down) there is what they call short pay. You go to the lender and you ask for it. It more likely is going to be done by the first mortgage holder. There is no room for the second to do it, unless...

Buying or Selling a Home: Owing more than house is worth, computer system crash, low interest rates
computer system crash, low interest rates, loan note: Jodi, Sorry for the delay. I had a computer system crash. The first and second mortgage will need to be paid off to give the new buyer of your home a clear title . Here are your choices. You can sell the home and figure out a way to come up with...

Buying or Selling a Home: Owing too much, realtor fee, second mortgage
realtor fee, second mortgage, mortgage lender: It is true that all mortgages and liens against the property would have to be paid off in order to sell the property, you have to transfer a clear and clean title from all liens to the new buyer. Yes I have encountered several people in your situation,...

Buying or Selling a Home: Owner Finance, escrow instructions, deed transfer
escrow instructions, deed transfer, owner finance: Danny, I do not know TN law. I suggest you contact an attorney not only for the Deed transfer, but also to set up the contract for deed and the escrow instructions. I don t know enough about TN to assist you adequately on this one. Your best bet is to...

Buying or Selling a Home: Owner Finance?, how to owner finance, interested party
how to owner finance, interested party, realtor: This is why people list their home with a Realtor. It s complicated, and if you do it wrong you re likely to lose the whole thing. At this point, since you re on your own, I d suggest that if the couple is serious you take it to a real estate attorney....

Buying or Selling a Home: Owner Finance, owner finance, deed of trust
owner finance, deed of trust, promissory note: With a deed of trust, Danny, you need to have the buyer also sign a Promissory note. The note secures the deed of trust. The deed of trust lets the world know that the buyer owes you money. If you don t want to have to pay for the cost of an attorney, simple...

Buying or Selling a Home: Owner Financing, paying on time, new mortgage
paying on time, new mortgage, tax write offs: Sorry you did not get the answer to this question. First you need to determine if the price of the house is fair for the neighborhood. I have done contracts for deed in the past and they can be a good tool for someone like you, but you need to have a local...

Buying or Selling a Home: Owner financed home, now talking about his lender forclosing on him, mortgage holder, consultation fee
mortgage holder, consultation fee, deed of trust: William, It depends on your state and if it is a real foreclosure with a lien or if the instrument is a deed of trust. Most likely, the mortgage holder has first priority. The best advice I can give you is to immediately see a real estate attorney...

Buying or Selling a Home: Owner financing, owner financing, fill in the blanks
owner financing, fill in the blanks, clauses: Dear Megan, I am not sure if you will like my answer but I don t understand why you don t have someone represent you in what is probably the biggest investment you own. You acknowledge that you have no experience. The contract in California is 8 pages...

Buying or Selling a Home: Ownership after marriage, revocable living trust, alice adams
revocable living trust, alice adams, community property states: Here in California, Dina, we are a Community Property state. There are nine community property states out of the 50. That means if a house is purchased DURING the marriage, it is presumed that the property belongs to both spouses. If, however, one of them...

Buying or Selling a Home: Ownership after a marriage, empire state bldg, conveyance of title
empire state bldg, conveyance of title, warranty deed: Depending on the state, the Warranty Deed and the Grant Deed are virtually the same. Just a different name for the same function. That is: The seller (or conveyor) warrants that the title he/she is conveying is guaranteed to be valid. In Nevada, they use...

Buying or Selling a Home: Who Owns A Property?/Property Watching, hud program, fond memories
hud program, fond memories, mr dennis: You said it sold before you could do anything about it, Lorena, yet you say WE sold it. I ll just assume you just make a mistake choice of words. In any case, yes, it is possible to find out who owns the house (after all, it s been 15 to 18 years since your...

Buying or Selling a Home: obtaining brokers license before selling/buying, jessica bryan, selling your own home
jessica bryan, selling your own home, personal involvement: Dear Mike; Obtaining a broker s license is not a small task these days. If you have the time and energy to spend on this though, it will save you the commissions and would be worth it. However, I must caution you that the work involved in buying and selling...

Buying or Selling a Home: offer to purchase of vacant land, building contractors, vacant land
building contractors, vacant land, real estate agent: You should find a knowledge real estate agent who knows the location of good vacant land. That person will inform you as to what you must do to prepare that property for building your home. You might also want to talk to an architect or two. They sometimes...

Buying or Selling a Home: someone offered me $80,000.00 what's next, realtors, lawyer
realtors, lawyer, fair market value: Getting it in writing is always a first. Then, make sure they can pay you (financing), then double check to see if they are offering a fair market value for your home. Maybe it has appreciated more than you know. This is one reason why people work with...

Buying or Selling a Home: someone offered me $80,000.00 for my home, escrow companies, faith deposit
escrow companies, faith deposit, craiglist: Hi Mike, I sent you an e-mail at the freelaptopsandcomputers e-mail this afternoon. What i put in the e-mail was that you should go through an escrow or attorney s office to have them draft up a contract. I don t know what state you are in but most escrow...

Buying or Selling a Home: someone offered to buy my house, new york realtors, westchester county new york
new york realtors, westchester county new york, satisfactory inspection: Dear Mike, Thank you for your question. This would depend on the local custom. In some states the Realtor will prepare a contract with the buyer and present it to the seller for acceptance. If accepted you are in contract pending attorney review. ...

Buying or Selling a Home: offers on home, ethical nature, verbal agreement
ethical nature, verbal agreement, committment: Dear Dianne; Here is a question of legality vs. ethics. A simple verbal acceptance is not legally binding; and I assume no money has changed hands which might imply more of an acceptance. There could be things that are in writing that were not understood...

Buying or Selling a Home: offers w/ contingencies, real estate broker, fornos
real estate broker, fornos, contingencies: Hi Matt thank you for your question, but as you know I m a Real Estate Broker and I don t ever advise anyone to sell by themselves because of situations as the one you are in now. The answer is yes there is and I recomend you contact a local knowlegable Realtor...

Buying or Selling a Home: offers w/ contingencies, typical question, attorny
typical question, attorny, counteroffer: Matt, This is a typical question from a seller that is trying to save a commission!!You need to consult an attorney for the verbiage to put into such a counteroffer; that is available and would be free with a Realtor. You will have to pay the attorny for...

Buying or Selling a Home: offers w/ contingencies, real estate contract, earnest money
real estate contract, earnest money, local real estate: Hello Matt, Yes, there is language in contracts that states you will continue to market your home for sale and if another offer comes in, the original offer will have 24or48or72 hours to either drop their contingency or back out and get their earnest money...

Buying or Selling a Home: offers w/ contingencies, first right of refusal, right of refusal
first right of refusal, right of refusal, contingencies: Matt, You can accept it with a 48 hr first right of refusal and the understanding that you will keep your house on the market. All this must be in writing. If you get another more desireable offer the original buyer has 48 hours to remove their contingency...

Buying or Selling a Home: offers w/ contingencies, earnest money deposit, contingency
earnest money deposit, contingency, contingencies: Yes, Matt. This kind of selling is done all the time in a market that favors the buyer . . . now. You simply accept her offer to purchase subject to her finding a buyer within X amount of days. Seller retains the right to continue marketing his property....

Buying or Selling a Home: offers w/ contingencies, contingencies, interested parties
contingencies, interested parties, contingency: HI Matt, Thank you for your question. Going into contract with someone who has a house to sell makes you subject to the sale of their house. You are really not in contract. So, you could make a contract with them subject to the sale of their house,...

Buying or Selling a Home: open house, natural granite, spec houses
natural granite, spec houses, construcion: Hello Jo, The best way to point out facts about the home in an unobtrusive way is to make a nice brochure. There is an art to showing homes, mainly discovering what the buyers are looking for and pointing out the features and their benefits, that will interest...

Buying or Selling a Home: open house, natural granite, spec houses
natural granite, spec houses, definite answer: Dear Jo: Firstly, I am surprised that any experienced builder wishes to sell a home before completion. It sounds ideal, but in reality, some buyers have so many special requests and demands, that it ends up being more costly than expected. Plus, if the...

Buying or Selling a Home: open house, natural granite, spec houses
natural granite, spec houses, s real estate: Hi Jo, The simplest way to call attention to various features in a spec home is to print a color flyer and list all the features the builder wants to call attention to. That way, any lookers will have printed information to take with them when they leave....

Buying or Selling a Home: open house, natural granite, little signs
natural granite, little signs, spec houses: I think you have the right idea, Jo. When people come to see open houses, they really do not want anybody to follow them around pointing out this and pointing out that. Besides, the ones that come to ask questions are the good possibilities. Or . . . they...

Buying or Selling a Home: open house, natural granite, granite counters
natural granite, granite counters, spec houses: Hi Jo, It sounds like you have a good handle on how buyers want to be treated during an open house. If you have a brochure or info sheet that everyone can pick up when they come in you can attach a sheet of all the special amenities such as granite counters...

Buying or Selling a Home: open house, natural granite, spec houses
natural granite, spec houses, construcion: Dear Jo; An open house is usually a good way to get people to look at a house without feeling pressured by a salesperson. Making signs is cluttered and not very professional. I understand that you do not want to follow someone around, but that usually works...

Buying or Selling a Home: open house, natural granite, spec houses
natural granite, spec houses, repurcussions: Ok. Well I do not understand your role for one. Do you work for the builder? If not are you a Realtor? There can be some serious repurcussions if you just drift around there and are not officially representing a buyer or the seller. IN 90% of the...

Buying or Selling a Home: open house, natural granite, paint samples
natural granite, paint samples, spec houses: Jo, Sorry for the delay in my response. For some reason I don t believe I received the original notice of your question. Your idea for what I like to refer to as look at me signs, is a good one. It s really the best way for people to notice the upgrades...

Buying or Selling a Home: open house, natural granite, home realtors
natural granite, home realtors, spec houses: Jo: The first thing you need to do is check to see if it is legal in your state to hold the open house. Here in California, you would need to be a licensed agent if you were working for the owners of the home. Bascically, in an open house you are...

Buying or Selling a Home: What is owed our realtor, martha dear, who is a friend
martha dear, who is a friend, friend of a friend: Dear Martha: I suggest to find out what is the standard percentage rate paid to buyer s agents when they do all of the work. Agents expect a certain percentage based on the value of the home. I do not know the rate at your state, I am in California. You...

Buying or Selling a Home: owner carry back, downpayment, money down
downpayment, money down, lump sum: Hello, Thanks for the email. An owner carry back is that when you purchase a property and the owner is willing to carry some of the loan. Usually the first lender will probably give you an 80% loan and the remainder 20% would either come from a 2nd...

Buying or Selling a Home: owner finance, mortgage assumption, jessica bryan
mortgage assumption, jessica bryan, owner finance: Dear Bonnie; Are you saying this is your home and now your parents are living there and want to buy it from you? If they can t get a loan and are paying rent to you there is always the possibility of assuming your loan. They should contact the bank that...

Buying or Selling a Home: owner financing, fornos, creative financing
fornos, creative financing, real estate agent: Hi Brian, Thank you for your question, as a Real Estate agent you know that there is a difference between, creative financing and owner carry back. The days of creative financing are almost gone due to 100% financing, about owner carry back, yes that is...

Buying or Selling a Home: owner to owner, downpayment, title insurance
downpayment, title insurance, purchase agreement: That is not the proper way to conduct the sale of real estate. Way too many things can and quite often does go wrong. Do not hesitate. Go to a REAL ESTATE attorney to do the transaction properly. There should be a purchase agreement and a big assortment...

Buying or Selling a Home: ownership with son & his wife, golden gate bridge, empire state building
golden gate bridge, empire state building, warranty deed: You like to play with fire, don t you, Phy? Go to a title company and ask them to fill out a WARRANTY deed the way you want it. It will cost only nominally. But you will be able to sleep at night. There is a difference between a warranty deed (grant deed is...

Buying or Selling a Home: owning my ground rent to my home, jessica bryan, time home buyer
jessica bryan, time home buyer, first time home buyer: Dear Shanae; I don t know why your particular home ownership involved buying the home but not owning the land it was on (unless it was a conominium development.) There are, however, situations where the land owners will rent the land for residential use with...

Buying or Selling a Home: Paid lot fee-tearing down woods, township planning board, reimbursment
township planning board, reimbursment, cypres: Heidi, Unfortunately this is an all too often occurrence. It is incumbent upon the buyer to research the surrounding properties BEFORE you buy. There is really no recourse to get your money back. However, you can approach the builder and ask about privacy...

Buying or Selling a Home: Paint, gleam toothpaste, wall hangings
gleam toothpaste, wall hangings, fingertip: If the areas in question can take sanding, then do it. Then repaint. That s all you can do. For future reference, you might try dabbing a littel Gleam toothpaste on your fingertip and smooth it over the hole. Works for me for many moves. I wish you well,...

Buying or Selling a Home: Part time work in real estate: possible? desireable?, part time work, time carl
part time work, time carl, real estate license: In order to sell real estate you must have a real estate license. The only type of work that you would be eligible for part time might be a receptionist which probably pays about minimum wage. You might assist someone holding open houses but without a license...

Buying or Selling a Home: Part time work in real estate: possible? desireable?, jessica bryan, part time work
jessica bryan, part time work, independant study: Hi Carl; Look for a large company with lots of agents. There are bound to be some top producers looking for assistants and the office manager may need some help as well. Part time is usually minimum wage and there is nothing you can do to get a portion...

Buying or Selling a Home: Part time work in real estate: possible? desireable?, part time work, time carl
part time work, time carl, day job: Hello Carl, It is very hard for the average person to make money in Real Estate. 10% of the Realtors do 90% of the business. The average Realtor sells 4-6 homes a year. So most Realtors are only working part-time anyways. Go to some local offices and...

Buying or Selling a Home: Partners in a home, limited liability company, llc limited liability company
limited liability company, llc limited liability company, morage: Title holding is what you are partially concerned about; tenants in common and joint tenancy. with T in C, you can deed or will your part to whomever you wish. ask your favorite family atty what method is suggested where you are. your duplex for 650...

Buying or Selling a Home: Partnership, personal income tax, capitol gains
personal income tax, capitol gains, partnership agreement: I don t know who you re getting the information from, Jim, but this would be the first time I have heard where a lender does not allow the transfer of the title to a LLC, or a living trust, etc. As long as the original borrower is part of the new organization,...

Buying or Selling a Home: Patio Door covering, fabric styles, vertical blinds
fabric styles, vertical blinds, patio doors: Hi Denise- You have a few options here. One is having a traditional draping. There are so many sizes and fabric styles to choose from which will help to incorporate your exsisting decor. If you re not big on curtains, you might want to consider having professional...

Buying or Selling a Home: Pay off Mom's Mortgage so she can stay in house, estate tax consequences, laddered portfolio
estate tax consequences, laddered portfolio, health scare: Hello Christina: Here are some thoughts for you to consider. Please remember that while I am familiar with real estate tax consequences, I am not a CPF, tax accountant or any such thing. Your situation may be different, and you should always consider...

Buying or Selling a Home: Paying for a new home? Residency?, state income tax, commuter tax
state income tax, commuter tax, certificate of occupancy: Hi Calvin, Thank you for your question. Yes, Westchester is expensive. Your construction loan mortgage should not have payments beginning until after the final certificate of occupancy is issued and the closing takes place. Your new home can...

Buying or Selling a Home: No Down Payment, buying a condo, david garcia
buying a condo, david garcia, mortgage company: Gus, The seller doesn´t have any say on how much down you need. They will be getting their money anyways. Now if you only got approved for a loan of 90% then you would need 10% as downpayment to be able to purchase the property. David Garcia ...

Buying or Selling a Home: No Down Payment, buyers remorse, state mortgage
buyers remorse, state mortgage, buying a condo: A seller only cares about your down payment because it is the money on deposit that they get to keep in the event you default on the purchase contract. With a no money down mortgage, you can still give the seller (in escrow) say $10,000 on deposit and then...

Buying or Selling a Home: Payments on a house for sale, mortgage payments, good advise
mortgage payments, good advise, mortgage lender: This is TERRIBLE ADVICE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ONE SHOULD NEVER EVER NOT MAKE HOUSE PAYMENTS If your fiance owes on the home he has the obligation to continue to make payments until the mortgage is paid in full, to not do so would not only...

Buying or Selling a Home: Penthouse, don hi, wealthy man
don hi, wealthy man, penthouse: Hi Don, Thank you for the question. Why won t he allow renting? Are you supposed to live there? In the current market any real estate is good value, and if the seller will work with you you save closing expenses. Need more info on the situation...

Buying or Selling a Home: People persons?, loads of money, personal observations
loads of money, personal observations, estate business: Dear James, I can only answer this question based on my personal observations. You don t necessarily have to be chatty but I think it helps to be personable and able to communicate to your clients that you know your business and keep their best interests...

Buying or Selling a Home: PITI-seller rent back set up by seller/buyer agent, friendly letter, settlement statement
friendly letter, settlement statement, seller buyer: Dear Nguyen, You agreed to a rent back for a little under 3 months. For this amount of time there should have been a written agreement stating the amount of the rent so it can be agreed upon by both parties. If you had it in writing while still in escrow,...

Buying or Selling a Home: Picking a realtor (I'm a seller), person move, good communicator
person move, good communicator, predicament: Dear Maureen; First, ask to speak with the Managing Broker of the company. Explain your predicament and ask for a few referrals from the broker. Call each of the people and see who responds in a timely manner. This will be the first indication of a good...

Buying or Selling a Home: Placing a offer on a property, auction agent, real estate contracts
auction agent, real estate contracts, board of realtors: Hello Aaron, I am not sure where you are and if local laws may be different. But in general real estate contracts usually contain the phrase time is of the essence as part of the contract, and all contracts must be presented as soon as practically possible....

Buying or Selling a Home: Off Plan, phrase, reply
phrase, reply: Hello Jan thank you for your question. I m sad to say I have asked around my office and no one here including me has heard that term before. If you would care to tell me which part of the world you have seen this used, I will contact one of my assiciates...

Buying or Selling a Home: Online Mentoring, jay wheeler, properties in bulgaria
jay wheeler, properties in bulgaria, real estate investment: Jay, Thank you for your interest in my company. Profit is whatever is left over after you deduct all your expenses ie, advertising & start up fee. You will not actuality be purchasing a home with your credit or getting a loan in your name. We will...

Buying or Selling a Home: Please help !, filing bankruptcy, lien holder
filing bankruptcy, lien holder, mobile home: Sarah: That is the same trap so many people fall into when buying a mobile. I don t know how they have your fianncing set up or if you own the land, but I would contact the lien holder and try to work out a buyout. Sell it for what you can and go on down...

Buying or Selling a Home: Please help with an unwated property split, same sex relationship, swoop
same sex relationship, swoop, personal loan: That s what filing a partition lawsuit is all about, Jessica. Your attorney knows all about it. He will take the matter with all the properties (real and personal) in front of the judge and the court will demand that the properties be sold. Talk to your...

Buying or Selling a Home: Plumbing Problem after purchase, p traps, sewage smell
p traps, sewage smell, upstairs bathroom: Hi Peter, Not having seen your Contract and having the benefit of additional facts, I believe you are in somewhat of a gray area depending on several factors, including language in your Contract of Sale. Generally, if you have a home inspection, this...

Buying or Selling a Home: Pmi, income qualification, second mortgage
income qualification, second mortgage, credit score: PMI is charged by the lender because you have qualified for a loan that requires less than 20% down. So you have 2 choices: A. Put 20% down on the house you are buying OR B. Have the lender ask if you can qualify for a 2nd mortgage that is the difference...

Buying or Selling a Home: Politely terminating a contract to sell, jim dear, dear james
jim dear, dear james, legal instrument: Dear James; A contract is a binding legal instrument, but as many attorneys will tell you there is no contract that can t be broken. If your personal reasons are good enough to prohibit you from selling this home at this time, then I would suggest discussing...

Buying or Selling a Home: Poor credit. Buying a home next year?, low interest rates, credit score
low interest rates, credit score, credit scores: Darryl, With enough money down, the lenders can overlook the credit scores. Check with your local lender, but typically as long as your score is in the 500 s, if you have at least 20% to put down (you d have 40% based on your numbers), you should easily...

Buying or Selling a Home: Poor Marketing, s real estate, time constraint
s real estate, time constraint, interior shots: Check your listing agreement. It s a contract between you and the agent/broker. The terms for cancellation should be outlined in it. A call to the office manager/broker may help solve your problem. Address your concerns and see what he or she can to assist...

Buying or Selling a Home: Poor Representation, poor representation, broker manager
poor representation, broker manager, marketing plan: Obviously, Cheri, they have not lived up to their listing agreement. Tberefore, it is cancellable. Advise the broker/manager of the real estate office that as of X-date (say, three days from now) the listing is cancelled for good reason and then cite what...

Buying or Selling a Home: Popular neutral colors, pratt and lambert, peanut shell
pratt and lambert, peanut shell, oak cabinets: Hi Stacey, Neutral isn t always beige. Some colors you may want to consider: Sage green is a great neutral and looks wonderful in a kitchen. Benjamin Moore has a great sage called Saybrooke Sage . They also have small samples that you could buy to try...

Buying or Selling a Home: Possibilities.........., tax ramifications, level apartment
tax ramifications, level apartment, upper west side: Dear Mr Fletcher Your concerns are too complex to fully address through this Allexperts forum. In terms of helping your in-laws with their planning, you can achieve significant capital gains tax savings if you structure any purchase/sales of real estate...

Buying or Selling a Home: Possible Foreclosure, foreclosure info, local realtor
foreclosure info, local realtor, size pool: Miguel, whoever filed the foreclosure is who holds the note. It may be the lender, a private party or a loan servicing company. It is usually part of the Notice of Default record on the property. That should also be on record at the County Recorders Office...

Buying or Selling a Home: Potential foreclosure, lender loans, investment deals
lender loans, investment deals, personal residence: Hi Shawn - You ve got a daunting ordeal ahead of you. That said, let me recap to make sure I answer your question correctly. You re in foreclosure on a number of investment properties, and you want to know if the lenders can attach your personal residence...

Buying or Selling a Home: Potential Home Inspection Problem, copper joints, cpvc pipes
copper joints, cpvc pipes, copper lines: Good Evening Ms. Jones, The blueish stains you seeing may be caused by a trickle leak. It all depends on the type of water supply lines you have. Most generally they will be Copper, Galvanized Steel or CPVC pipes. There are others so it s helpful to know...

Buying or Selling a Home: PROBLEMS WITH HOUSE AFTER SALE, small claims court, interior ceiling
small claims court, interior ceiling, interior decorator: You bet, Maryann. The contract said to fix it, not just go through the motions. Since it is leaking in the same place they obviously did not. You should send a certified letter to the seller AND the Realtor advising that if the roof is not repaired within,...

Buying or Selling a Home: PROFIT, jessica bryan, staggering price
jessica bryan, staggering price, real estate investments: Dear Tim, The one thing that you didn t mention is tax advantage and write offs. The other thing I would like to point out is that there are certain real estate investments that double or even triple in only a few years. Much of this depends upon location...

Buying or Selling a Home: PROFIT, staggering price, half a million
staggering price, half a million, cant beleive: Dear Tim, An accountant is the best person to answer tax related questions. With that said, consider the following: 1. You need a place to live...pay a mortgage payment with tax advantages and earn equity or pay someone else s mortgage (landlord) and...

Buying or Selling a Home: PROFIT, staggering price, capital gains tax
staggering price, capital gains tax, nice neighborhood: Well, Tim, it seems you are forgetting the IRS factor. Because you will have lived in your condo (and it is your primary residence) for a minimum of two out of the previous five years before you sell it, you can forget about paying any capital gains tax (up...

Buying or Selling a Home: Pre approval, boca raton florida, friendly mortgage
boca raton florida, friendly mortgage, lowest interest rate: Once you are pre-approved it is typically good for 90 days or until significant changes occur in your income or employment status. Typically, buyers speak to a friendly mortgage broker recommended by their realtor for the pre-approval. This broker will...

Buying or Selling a Home: Pre-construction Condos, bedroom floor plan, target buyers
bedroom floor plan, target buyers, upscale development: Hi Ben, How wonderful to have first choice of any unit in the building! That is a true first phase opportunity and usually nets the investor the best profit margin. It is hard to answer the question of whether to buy the least expensive unit or a corner...

Buying or Selling a Home: Pre Foreclosures, mls bank, hud properties
mls bank, hud properties, bank foreclosures: I locate foreclosures for my clients using the Multiple Listing Service (MLS) (e.g., Real Estate Owned (REO) Bank Foreclosures, and HUD Properties). Additionally, there are non-listed (non MLS) bank owned homes you ll find in the news paper...such as Sheriff...

Buying or Selling a Home: Pre-foreclosure, foreclosure, solicitation
foreclosure, solicitation, foreclosures: It s not easy, Scott. People who are in default (pre-foreclosure) are not happy people and if you try to contact them you will get a door or two slammed in your face. If you send a solicitation, it ll be tossed . . . just like all the others they received....

Buying or Selling a Home: Preconstruction home in Mexico, cabo san lucas, fidecomiso
cabo san lucas, fidecomiso, mexico and the united states: Good morning CJ, I apologise that my traveling has delayed my answer to you. This is a very good question and one that I am asked since I represent a builder in Cabo san Lucas and have spent 10 years with RE/MAX myself. The questions you must ask your...

Buying or Selling a Home: Preforclosed homes, preforclosure, touchy subject
preforclosure, touchy subject, forclosure: Foreclosures in each state is different. I recommend you go online in your state and ask how foreclosures are treated in your state. Then purchase, rent, borrow or steal a book that teaches about mortgages and foreclosures that are valid in your state. It...

Buying or Selling a Home: Preforeclosure houme, jessica bryan, home doesn
jessica bryan, home doesn, tax liens: Hi Ruta; It is best for the Seller if a home doesn t go into foreclosure. This is because the foreclosure will ruin the Seller s credit. Late pays are bad enough but a foreclosure is really bad! So...even if it may seem insensitive, contacting the owner...

Buying or Selling a Home: Preparing to Sell, tile store, vinyl tiles
tile store, vinyl tiles, stark white: Hi Stacey, Thanks for writing All Experts. This is an area of expertise plus personal opinion, but I believe to paint the interior of your house a stark white could be a mistake. Many people might think it is too “sterile” a look. I would definitely...

Buying or Selling a Home: Preparing to Sell, different color, parson
different color, parson, carpeting: Dear Stacey, Good luck in the sale of your home. It is impossible for me to give you opinions on decor as I don t have the luxury of seeing your home. I definitely think you should paint the interior but I personally prefer trim to be a different color...

Buying or Selling a Home: Preparing to Sell, drapes and blinds, new carpet
drapes and blinds, new carpet, stark white: Dr. Stacey; Fresh paint is always a boost to the look of the house. You didn t tell me the age of the house but based on the fact that you are also wanting to replace tiles I am assuming that the tiles are perhaps outdated. Go with something neutral but...

Buying or Selling a Home: Preparing to Sell our home., neutral carpet, wood laminate
neutral carpet, wood laminate, target market: Stacey, Sorry for the delay in getting back to you. Most real estate people would still recommend a neutral color for the walls(beige/taupe) and white for the trim although the style of the home can also factor into what s appropriate. Light colors do give...

Buying or Selling a Home: Preparing to Sell, local realtor, luck john
local realtor, luck john, john hall: Mr. Parson: All of the work you have mentioned will definitly make the home look nicer and help it sell quicker. I would suggest you talk to a local Realtor and see how the present market is. What I mean is, ask the Realtor how quickly homes are selling...

Buying or Selling a Home: Price right?, virtual broker, daytona beach
virtual broker, daytona beach, sft: OK Bill.... AT 5.7 Million I suggest you proceed with caution. You can buy a hell of a lot of house anywhere you want in the US for 5.7M. I also doubt that there are a lot of buyers for this price range. Bottom line.... make the sale subject to...

Buying or Selling a Home: Principal, real estate commissions, mortgage balance
real estate commissions, mortgage balance, principal question: I would think that if a party is entering foreclosure they would find it difficult to borrow money to assist with selling costs. When a house goes to foreclosure it has a lien on it which must be cleared in order to sell. That would include back mortgage payments,...

Buying or Selling a Home: Principal, principal question, preliminary notice
principal question, preliminary notice, notice of default: You never said anything about foreclosure, Augusto. I answered the question as you asked it. A property goes into foreclosure when the lender has filed a preliminary notice of default (or notice of default in some states). If the owner does not make his...

Buying or Selling a Home: Private sale of family home, consequenses, married person
consequenses, married person, tax situation: Hello Kathy and thank you for your question. Since you did not say where (State) you are located I can not really comment but here is my advice. Contact an attorney that deals with estate planning and or realestate. They can draft all the necessary...

Buying or Selling a Home: Privately Selling, mortgage commitment, townhome
mortgage commitment, townhome, good luck: Hi Joan, Thank yo for your question. Since you already have a buyer you are ready to go. They should supply you with a bank preapproval letter for the purchase price. Take this and their names to your lawyer and have a contract drwan up for them. Your...

Buying or Selling a Home: Problems after a home purchase, upstairs neighbor, county chicago
upstairs neighbor, county chicago, condo association: Hi MStewart, It sounds like you definitely did not receive a full and accurate disclosure prior to your closing about two months ago. A disclosure that the condo association is not in compliance with building inspections, to me, is definitely a material...

Buying or Selling a Home: Proceeds Made After Sale, capital gains tax, state income tax
capital gains tax, state income tax, internal revenue code: Internal Revenue Code 121 says you do not have to pay any capital gains tax on your home as long as you have lived in it (and made it your primary home) for two of the past five years up to $250,000 ($500,000 married couple filing jointly). Simple as all...

Buying or Selling a Home: Promissory note on Home, promissory note, interest payments
promissory note, interest payments, lawyer: I think that if the person who holds the note contends that there are still outstanding fees/interest owed and that you disagree with his figures then you have to let the court decide. You both will need proof to present to the judge in order to plead your...

Buying or Selling a Home: Property Appraisal, fulton county assessors, county assessments
fulton county assessors, county assessments, appraisal value: If the County website is not reflecting improvements (extra beds and baths), then the Assessment is probably not reflecting those values. In any event, county assessments are not the most reliable way to value a home. The Current owner of the home can...

Buying or Selling a Home: Property Condition & Disclosure, property condition disclosure, concrete slab
property condition disclosure, concrete slab, back porch: Hey, Rob. Since I don t know what state you re in, it s difficult to answer. However, after seven years of living there, probably not. The statute of limitations has probably expired. There s also the possibility that the builder installed the drains...

Buying or Selling a Home: Property Conveyance re Boundary Line Agreement, domino effect, survey document
domino effect, survey document, description document: I thought that there was no field in real estate that I did not have knowledge, Phil, but alas, you found it. But one thing I do know and that is you should sit down with an attorney and professional surveyor and straighten out the mess. Both would be able...

Buying or Selling a Home: Property Dispute, real estate contract, contract states
real estate contract, contract states, property dispute: Mickey, Thank you for the nice compliment. Most likely, the court can order a sale by auction unless there is agreement by the parties. I cannot give you legal advice as to whether the court will order her to maintain the mortgage payments. Very...

Buying or Selling a Home: Property dispute..., legal recourses, property dispute
legal recourses, property dispute, joint tenants: Dear Raul, A lot depends on how you took title and if any of the agreements were in writing. If the property was puchased as joint tenants then you all own 100% interest in the property. Did you sign a quit claim deed relinquishing any interest you might...

Buying or Selling a Home: Property with Liens, wells fargo bank, california wells
wells fargo bank, california wells, mortgage trust: Of course, Joelle, I don t know what you did (other than not make your payments) with the lender, but a lender is not permitted to arbitrarily raise the interest rate on a mortgage (trust deed) without your permission (with your signature). They cannot raise...

Buying or Selling a Home: Property Management, real estate license, state of virginia
real estate license, state of virginia, property management: Hello Jeff and thank you for your question. I ve been out of town so I am sorry for responding late. Yes, Virginia requires a business and management license to manage property for others for pay. You should contact DPOR in Richamond and explain what...

Buying or Selling a Home: Property left at my new home, cell phone number, fiance
cell phone number, fiance, ladder: Dear Karla; When you buy a house all personal possessions are supposed to be removed unless they convey. If there are personal possessions remaining in the house they become part of your property as it is implied that the personal items were left for you....

Buying or Selling a Home: Property in Probate, vacant property, good faith
vacant property, good faith, heirs: As long as your offer has not been accepted, you may pull out at any time without any liability to you. Period. Even if one of the owners accepted the deal, it still has not been fully accepted. Therefore, you may pull out at any time. I do wish you well....

Buying or Selling a Home: Property Status?, title insurance company, temple hills md
title insurance company, temple hills md, upscale area: I d be willing to bet, Steve, that it is either in probate or the property is in trust with a bank, or attorney, and they are milking the property for all its worth. The property is undoubtedly free and clear of liens and encumbrances and the owners are no...

Buying or Selling a Home: Property Taxes, homeowners insurance premiums, county assessors office
homeowners insurance premiums, county assessors office, county treasurers: Hi Marisa, I can only guess at reasons for the questions you asked, but possibly the reason the escrow company gave you money back for taxes is that you paid too much at closing. Federal law prohibits companies from collecting excess amounts at closing...

Buying or Selling a Home: Property values & MLS access, florida association of realtors, country club condos
florida association of realtors, country club condos, waterfront condos: Hello. Question #1 - Some counties are going to have better property appraiser sites that others. Remember also that raw data, while important, needs to be viewed within the context of what a local expert (ie: a Realtor) can tell you about the property....

Buying or Selling a Home: Proposal to Seller, fornos, realtor
fornos, realtor, good luck: Hi Mike, Thank You for your question, the most professional way would be to have a Realtor write up a contract for you or if no Realtor is involved an attorney could do it. Good Luck, Ricardo (Rick) Fornos 954-457-7878 rick@ricardofornos.com www.reeltor.co...

Buying or Selling a Home: Pros/Cons Rent and Sell, dear florence, jessica bryan
dear florence, jessica bryan, fort hood: Dear Florence; If sales are up in Fort Hood and if the market is a good one then I would say go ahead and sell your home now. However, give yourself a time limit and if it doesn t sell then you should try to rent it out so you don t lose revenue. sometimes,...

Buying or Selling a Home: PURCHASING A DEED FROM A LENDING INSTITUTION, divorce settlement, wifes name
divorce settlement, wifes name, aol: As long as you make a legitimate offer to purchase that note and deed of trust (or mortgage), you should not have any trouble. However, I recommend you hire a real estate attorney to handle the purchase for you, to protect your interests (and perhaps a discount)....

Buying or Selling a Home: Back on Market, breach of contract, graceful exit
breach of contract, graceful exit, earnest money: Ken, The mere fact that the Seller’s agent may be showing the house as available for sale again would not relieve you of any obligation you have under your Contract of Sale. You and the Seller are the only parties to your Contract of Sale, not the agent...

Buying or Selling a Home: Purch. a faulth home, waterproofing company, roofing company
waterproofing company, roofing company, disclosure laws: Dear Tina: Sorry you are going through such a dreadful situation. Perhaps I can be of some help, but only a real estate attorney can advise you of your rights and steer you in a positive legal direction. Most states have disclosure laws where the seller,...

Buying or Selling a Home: Purchase Agreement?, real estate broker, bargain price
real estate broker, bargain price, house price: When I come across those kind of people, I just tell them to go fly a kite. You signed a purchase agreement that says there are certain things wrong with the property. If you don t want to fix anything, it s up to you. You have merely chose to NOT do the work...

Buying or Selling a Home: Purchase Agreement Cancellation, paragraph 11, preferred lender
paragraph 11, preferred lender, hard earned money: Dear Nicole: If you have an agent representing you, this person is the one who has the contract and should be giving you advice. Since I do not have the contract, I can only state that the many people who told you to see about the contingencies and subject...

Buying or Selling a Home: Purchase Agreement Issue, sellers agent, bedroom wall
sellers agent, bedroom wall, aol: Your purchase agreement stipulates that the closing will take place on a certain date. If all the conditions of the purchase agreement are not met by that certain date and you have not agreed to extend the time, then you are eligible to receive your deposit...

Buying or Selling a Home: Getting out of my Purchase Agreement., nathan miller, first contract
nathan miller, first contract, purchase agreement: Hello Nathan, You are correct. The seller did breach the contract. This is one of the reasons to have an attorney represent you at the closing. You should get a local attorney to review your contract and situation before proceeding. You are going to want...

Buying or Selling a Home: Purchase agreement contract, agreement contract, purchase agreement
agreement contract, purchase agreement, sales contract: No problem that s what we are here for. I would say if it is something similar to the situation you are referring to it would work that he could get out of it. If the people decided to sue, I doubt any judge would find fault and it would take a long time...

Buying or Selling a Home: Purchase with a buy back agreement, default clause, rental contract
default clause, rental contract, purchase option: Hi Ted. I know of a lot of people who do this but you have to be very careful. There is a chance later he could come back and say you cheated him out of his home, sue you and have the property awarded back to him and you ll be out in the cold. I know of...

Buying or Selling a Home: Purchase of a Condo - now has termites, ccrs, termites
ccrs, termites, real estate agent: Debra, It is pretty hard to answer the question without more information but I will give it a shot. If the contract called for known defects or problems and the seller knew of the termites, you may be able to collect. If your realtor did not insist...

Buying or Selling a Home: Purchase Contract, garage apartments, commerical insurance
garage apartments, commerical insurance, s real estate: As you know, Sue, the seller must sign a release of your deposit. Therefore, show that you mean it. Author a letter (with you retaining a copy) asking very kindly that the deposit must be released within, say, five days. Failing that, you will be forced to...

Buying or Selling a Home: Purchase Contracts, escrow companies, purchase contracts
escrow companies, purchase contracts, monumental waste: Dear Krys: Not having your contract in front of me precludes some problems or insight on my part, plus too many legal questions. We, as agents, cannot practice law without a license so to get legal advice, consult an attorney. However, being very practical...

Buying or Selling a Home: Purchase, exhusband, homeowners policy
exhusband, homeowners policy, high risk: Lori: What you need to do is contact a real estate Attorney. You need to get legal advice and I cannot give you legal advice. Being unfamiliar with Michigan real estate law I could not offer any real answer for you. However, if the problem had occurred...

Buying or Selling a Home: Purchased new home and owner will not vacate, local real estate, 5 months
local real estate, 5 months, leases: Remember this if nothing else, Mike: In real estate, if it is not in writing, it was never said! Now you have a legal problem. You immediately go get yourself a local REAL ESTATE attorney and get that bum out of there. And make sure the attorney helps...