About Experts Sitemap - Group 8 - Page 3 2014-10-21

Buying or Selling a Home: First Time Home Buyer Tax, house tax credit, Houing and Economic Recovery Act of 2008
house tax credit, Houing and Economic Recovery Act of 2008: Dear Jack; Below is an article that was written explaining the tax credit you are referring too. There are many additional factors that determine the qualification for taking part in this program. Instead of trying to answer this one question, I thought...

Buying or Selling a Home: First time home buyer. Know only little about buying!, buying your first home; costs to buy a home; California home purchase first time
buying your first home; costs to buy a home; California home purchase first time: Now for QUESTIONS about THIS overview!! 1) It looks like to me that there are a total of 3 people involved in process of buying a home. First the Broker (loan), then realtor (salesman), then the title company (the pink slip of house), right? Answer:...

Buying or Selling a Home: Foreclosure clean ups, rental properties in florida, business license
rental properties in florida, business license, civil penalties: Hey, Mike. I m not familiar with the specific business requirements in Florida, but almost every jurisdiction requires a business license in order to work in that jurisdiction. That s how they get a significant part of their budget each year because businesses...

Buying or Selling a Home: Foreclosure purchase, kingman az, foreclosure property
kingman az, foreclosure property, purchase contract: There is nothing much you can do, John, if you do not have a Realtor or attorney representing your interests. They probably don t have a valid AZ escrow company yet. They are dragging their feet to see how anxious you really are. Or maybe they do have another...

Buying or Selling a Home: Disclosures, cable show, haunted house
Buying or Selling a Home: Disclosures, cable show, haunted house, house for sale

Buying or Selling a Home: Pricing for cleanout business, hud property, hud properties
Buying or Selling a Home: Pricing for cleanout business, hud property, hud properties, real estate brokers

Buying or Selling a Home: Septic tank Vs Public Sewer, septic tanks, drainfield
Buying or Selling a Home: Septic tank Vs Public Sewer, septic tanks, drainfield, drain field

Buying or Selling a Home: failure to disclose, legal situation, fairfax county
legal situation, fairfax county, scenarios: Dai, How did you discover this? Did this information come from the county office that deals with Permits? Did that office show a completed permit or one that has yet to complete final inspection? What did the county cite as the reason for failure?...

Buying or Selling a Home: Home buying and selling, condo sales maryland, home sales maryland
condo sales maryland, home sales maryland, selling home maryland: Yes, definitely put your condo on the market first. What most people want to do is identify a new home to buy before they put theirs on the market. What happens when you identify a home first is then you are put in a position where you have a lot of stress...

Buying or Selling a Home: Home Inspection, john mckenna, roofing material
john mckenna, roofing material, poor shape: Sounds like you have a case. Contact a qualified attorney asap. Every state has it s own set of laws to deal with this. BTW... did you pick the inspector, or did the Realtor? Did the seller know about this? There may be more than one person to go...

Buying or Selling a Home: home buying and selling, deep blue sea, realistic price
deep blue sea, realistic price, case john: In this case, John, you re with the devil or in the deep blue sea. During normal times this question poses difficult answers. And in this kind of market it certainly doesn t get any better. In this kind of market where buyers virtually have their pick of virtually...

Buying or Selling a Home: home buying/selling, negotiation power, contingency
negotiation power, contingency, good advice: Hi John,this is such a common question. Simply, you have very little negotiation power when you have a contingency on either side. When a buyer wants to buy your condo, they typically want to move in as soon as the loan is approved and can close. So it...

Buying or Selling a Home: home buying and selling, buying, selling
buying, selling, contingancy: Lucas, Congratulations on you up and coming engagement and marriage! Buying a house as you know can be a wonderful investment, you must look at the property for the long term and not the short end of the investment. On the contingency of the condo,...

Buying or Selling a Home: home buying/selling, wiggle time, guarentees
wiggle time, guarentees, contingency: Dear John, My suggestion to you is that you go out and make sure there are properties in your price range that you could buy and your expectations are realistic. Put your condo on the market allowing yourself a few weeks rent back in the contract. This...

Buying or Selling a Home: Insurance for home owned by LLC, loss payee, dwelling insurance
loss payee, dwelling insurance, landlord insurance: QUESTION: Thank you for the phenomenal answer. It is nice to speak with an insurance professional that finally understands what I am doing (most do not). If you don t mind, I want to ask a few follow-ups just to clear some things up. First, excellent...

Buying or Selling a Home: illegal practices by broker and realtor, trec rules, early monday morning
trec rules, early monday morning, contract execution: Jessica: It sounds like a mess, but you should have a listing agreement signed and a contract signed it sounds like. In court, that is what they would go by. Is this broker and agent a REALTOR? They have ethics they must go by. That is different from TREC....

Buying or Selling a Home: Legality for banks not to give buyers bid amounts, earnest money, prospective buyers
earnest money, prospective buyers, state of virginia: Hi Tess- Thanks for your question. Here s the deal- the bank (in the case of a foreclosure) has already paid for the property so they are out the money plus the cost of foreclosure (estimated at $60-80,000 per house). Obviously, they want to get the best...

Buying or Selling a Home: Lenders Responsibilities, fema flood zone, flood hazard area
fema flood zone, flood hazard area, flood zone determination: Dear Richard: The contractor who did the research should be held accountable. I would strongly suggest you get your receipt for what you paid for that information, or any documentation acknowledging that the lender referred or assigned that contractor the...

Buying or Selling a Home: Life Estate, life estate, brilliant person
life estate, brilliant person, estate question: Again, I do wish you the best, Lawrence. Just one thing more: That Estate for Life is not a Life Estate. In fact, it is not even a contract of any kind. A contract is the meeting of the minds of at least two parties. If you are the only signator on that...

Buying or Selling a Home: Looking to buy first home, emergency health care, health care providers
emergency health care, health care providers, hud homes: Hi Jessica-- With your income and debts as you ve detailed them above,the monthly payments on a Mortgage would be about the same as what you d have to pay in Rent! So, from the monthly payment perspective,skipping the whole apartment phase could very...

Buying or Selling a Home: landlord selling my rental house, valuable antiques, moving across country
valuable antiques, moving across country, term tenants: Dear John: I do not have a copy of your agreement so I can only answer on a general basis. All real estate contracts and agreements must be in writing. So, if you expect that it is up to you to have to option of renewing or leaving after your current...

Buying or Selling a Home: lease option contract - buyers rights, lease option contract, legal recourse
lease option contract, legal recourse, ethical agent: Dear Lisa: I had hoped that your agent had suggested you having your own real estate attorney look over all documents. Even though we real estate agents do handle these types of transactions, the least options and lease purchases are fraught with misunderstandings...

Buying or Selling a Home: liens on foreclosed property, irs tax lien, foreclosed property
irs tax lien, foreclosed property, mortgage company: You got problems with that property, Todd, if you do buy it. First of all, the IRS has 120 days AFTER the sale to decide if they want the property so they can sell it to get their money. If they do, then they pay you what you paid for it, nothing more. If...

Buying or Selling a Home: living in a house without a clear title, grandsons, executor
grandsons, executor, purchase agreement: You don t have much choice, Meachelle. You must, absolutely must, get yourself a good REAL ESTATE attorney to put those people in their place. They goofed way back when they agreed to sell you the house. Obviously, they should have been able to have everybody...

Buying or Selling a Home: Money, holding a mortgage, wasting my time
holding a mortgage, wasting my time, bank statements: Hi Pete. Great question! If you are going to be the lender (holding the mortgage) then you have the right to see these documents: current credit report, bank statements showing the buyer has the down payment and closing costs, and verification of income...

Buying or Selling a Home: mobile home, high interest rate, exact circumstances
high interest rate, exact circumstances, mortgage amount: Hi Carol...without knowing where you are, and the exact circumstances, I will tell you some basics. The home CAN be sold, with the condition that it be removed from your land (professionally). For a double-wide it s about $5-7k to disconnect, and reconnect...

Buying or Selling a Home: mobile home/ lost title, mobile home broker, double wide mobile home
mobile home broker, double wide mobile home, dept of motor vehicles: There s not too much with which I can help, Karen. I am familiar with California laws with mobile homes, especially if the owners of the mobile home own the land on which the home is located. Other states have different laws and regulations regarding mobile...

Buying or Selling a Home: mortgage points, loan interest rate, jessica bryan
loan interest rate, jessica bryan, mortgage points: Dear Rochelle; I think that the lender can best answer this question but I can tel you that points are like the payment portion of the loan that gets you the rate you want. The higher the points, the lower the loan interest rate. What you are doing is paying...

Buying or Selling a Home: need out of loan with ex-husband, quick claim deed, sole possession
quick claim deed, sole possession, heather: Hi Heather, Sorry to hear about the mixed up situation. Unfortunately, the only way to get your ex off of the loan is to refinance and he would have to be able to qualify for the new loan by himself. Hopefully he makes enough income to do so. Don t...

Buying or Selling a Home: Options for Purchasing a Percentage of a Property, mortgage calculators, land leases
mortgage calculators, land leases, long term investment: Hi Tim, I’m sending you a very detailed response. This is probably the lengthiest response ever by me, but I think you are capable of comprehending the different scenarios and thinking “outside the box.” Responding to your follow up questions …. ...

Buying or Selling a Home: Who owns the property?, foreclosure listing, property history
foreclosure listing, property history, correct address: Hello Lewis, Great question. My wild guess is that the property is tied up in probate from an estate yet to be settled with the heirs out of the country or in dispute. You will have to locate the lawyer who is in charge of the arrangements. That...

Buying or Selling a Home: My Paperwork/Land Contract, keeva, claim deed
keeva, claim deed, land contract: You must have absolutely terrible credit, Keeva. That and your absolute craving that you MUST have that property tells the seller he has a prize on the line. The better suggestion to protect you is to get up and walk away and forget about that property. However,...

Buying or Selling a Home: Pricing for cleanout business, hud guidelines, hud properties
hud guidelines, hud properties, niche market: Hey, Marilyn. If you find out what the competition is charging and then determine that you can have a viable business charging similar prices, then you should be okay. HUD guidelines shouldn t affect you if you don t work with them. Of course, it s a...

Buying or Selling a Home: Problem with contractor hired by seller, small claims court, free consultation
small claims court, free consultation, chimney: Hi Brenna, I apologize for the delay in responding. A close family member has been in the hospital, and I’m behind on everything. I would suggest taking the advice the attorney gave you and sue the Seller. You had a Contract with the Seller, and the...

Buying or Selling a Home: Property Disclosure, professional home inspection, property disclosure
professional home inspection, property disclosure, sewer line: Believe it or not, Cynthia, this is not a real estate problem. You need a good real estae attorney to take care of this matter. If you took this to court on a small claims action, you may not be able to appeal the decision. That s why you need an attorney...

Buying or Selling a Home: Pull Out of Probate Sale, economic climate, offerer
economic climate, offerer, cancelation: Keep this in mind now and in the future, Tony: The buyer, the offerer may cancel, negate or pull out of any offer that has not already been accepted by the seller. Period. Just advise the agent for the seller or the seller that you are no longer interested...

Buying or Selling a Home: Rate of Return on a house, real estate advertisement, non resident alien
real estate advertisement, non resident alien, cap rate: Good morning Yaseen. Good questions. The Cap Rate is what you can probably rent the unit for. So 20% of $15,000 is $3,000. Divide that by 12 and you have $250. This would be the rent per month the agent/seller is estimating you can get for the unit....

Buying or Selling a Home: Would you rent out your house for 2 years or short-sale if you had a house you could not sale?, short sale, foreclosure
short sale, foreclosure: Dear Erin; Thank you for your question... Short sales are not guaranteed to work. The way it works is, an offer is accepted by you then it goes to the bank for their approval. The bank may not respond to the offer for a week, a month, or longer. And...

Buying or Selling a Home: rent to own/relative, specified time period, realtors association
specified time period, realtors association, correct language: Hi Jeff, A common situation easily sorted out. A) If you have a friend who is in real estate, simply have them provide you with one of the standard, REALTORS Association rental agreements. This document is a legally binding contract and contains...

Buying or Selling a Home: renting while the house on market to be sold, fha loan, lease contract
fha loan, lease contract, happy new year: Hi Tamika, the only way to protect you and your husband is to write a contract called a LEASE PURCHASE or LEASE OPTION TO BUY(this is the BEST contract to protect you). Otherwise you do not have anything that protects you and if another buyer comes along,...

Buying or Selling a Home: For Sale by owner, foot measurements, cincinnati areas
foot measurements, cincinnati areas, sq footage: Unless you are virtually giving away your property, I think you will have a heckuva job trying to sell your home, James. Ohio is historic for having the one of the hardest places to sell houses . . . even in good times. I would recommend you contact the MLSes...

Buying or Selling a Home: Seller's remorse, current mortgage, unpaid balance
current mortgage, unpaid balance, home values: The seller s agent didn t do his/her job if the seller got into this situation, Brian. Before a seller signs an acceptance, his agent should go over the costs of closing and how much he seller can expect to receive after closing. The buyer has no way of...

Buying or Selling a Home: Selling our home, real estate lawyer, mobile home park
real estate lawyer, mobile home park, luck jim: DOUG-- I m not familiar with West Coast Mobile Homes, don t know enough details on your loan secured by 1999 Silvercrest Double-Wide-IE. Who s the lender,what s your Morgtgage Balance,ared you oin Default and beiong foreclosed upon. Haven t a clue on Space...

Buying or Selling a Home: Septic tank Vs Public Sewer, jessica bryan, time home buyer
jessica bryan, time home buyer, first time home buyer: Hi Mahesh; The issue of having a septic tank is often considered a trade-off for property in areas that are considered rural or away from city services. If the property is a large parcel or has qualities one can’t find in the more urban areas, then a septic...

Buying or Selling a Home: selling home, old job, realtor
old job, realtor, dick: That depends on your Realtor, Scott. Lay it on the line with him or her. Tell the truth and you could be let off without any fee of any kind. They may require that as long as you do not list with another real estate office during the remaining portion of your...

Buying or Selling a Home: selling jointly owned property, brother brother, foley
brother brother, foley, licking county: Dear Jayne: You are in an uncomfortable position. But you should be aware that there are processes for just this situation, but it cannot be handled initially be a real estate agent. You should go through a real estate attorney the first thing, who can...

Buying or Selling a Home: selling a lot in a community development, development question, paying dues
development question, paying dues, ebay: Not exactly, Steve. Obviously you re doing this without a Realtor. If that be the case, then you take the buyer to an escrow office or title company and tell them what you are doing and they will take it from there by asking you the necessary questions. You...

Buying or Selling a Home: selling raw land in Upstate NY, middle men, doublewide
middle men, doublewide, raw land: Hi Sheryl, I understand your wanting to cut out the middle man, but before you do anything you may regret later, consider this. Will moving with great speed now come back to bite you later? There are a whole host of problems that I have seen arise from improperly...

Buying or Selling a Home: splitting up the down payment amount 3% on contract 7% at closing, real estate transaction, asking price
real estate transaction, asking price, good luck: Hello Ian, Thanks for your question. There is no fixed specific required down payment at contract signing. In many places it is assumed to be 10%. Like everything else in a real estate transaction, that is negotiable. It can be assumed to...

Buying or Selling a Home: title, wills, trusts
wills, trusts, title: Hi Jen, You have a couple of concerns noted in your question... You can go to your county tax recorders office and pull your title recording to view where it stands... Legally it would have to be notorized somewhere (with your signature) on the new...

Buying or Selling a Home: transferring title from grandmother to grandson, fidelity title company, healdsburg ca
fidelity title company, healdsburg ca, sonoma county: Dear Josh; Thank you for your question... Call Kathy Nelson at Fidelity Title Company 707-544-1771 X221 Mention my name and she will take good care of you, and advise you as to what to do under the circumstances. There may be gifting requirements on...

Buying or Selling a Home: Want to sell our Plymouth, MA Condo, snow landscape, pergo flooring
snow landscape, pergo flooring, storage closet: Hello Lauren: I m sorry to hear that the deteriorating financial conditions have affect you and your family. I ll start with an overview: You ve given me some information about your unit, but there s a great deal you haven t told me. You haven t told...

Buying or Selling a Home: $15,000 tax credit, buying, selling
buying, selling, tax credits: Hi Hillary, Your not really giving me enough information to answer you in earnest. The credit (not money) is not for everyone, and there are stipulations to who the first time buyer is and income levels (credits phase out- don t know where you are in line)...

Buying or Selling a Home: Access Easement, deeded easement, acre parcels
deeded easement, acre parcels, time chris: Yes, it does seem like you are in a positive bargaining position, Chris, however, you could abandon your easement in favor of having him deed you one of those 10-acre parcels or something else that would be acceptable to you and the other property owner. In...

Buying or Selling a Home: Appraisal Value, example answer, value question
example answer, value question, appra: Hey, Laurie. Appraisers do have values to certain types of rooms, but usually it is bedrooms and bathrooms. Everything else they ll typically do on a square foot basis, but it can vary on a regional basis as well as a neighborhood basis. Right now you...

Buying or Selling a Home: HOW TO MAKE MINE BETTER!, first time homebuyer, apartment walls
first time homebuyer, apartment walls, home improvement stores: I would suggest that you try some other fixes that you can live with for a couple of years if possible until the rest of the development is sold. Have you priced what the new homes will go for? If they are higher than yours then you might recoup your costs...

Buying or Selling a Home: Buying from family, current market value, real estate agent
current market value, real estate agent, right direction: First question is why did your mom deed to your brother? Who got the mortgage, your mother or brother? If home was free and clear when mom had home she could deed her rights to anybody.If she deeded to brother, and he went and got mortgage, the mortgage...

Buying or Selling a Home: BuyOwner.com, local realtor, professional alliance
local realtor, professional alliance, buyowner: If you heard the same thing about a local Realtor, Pattie, would you go to that person to buy a house? I don t think you would. So why would you go to BuyOwner.com? What you should do is to strike up a good professional alliance with a local, experienced (someone...

Buying or Selling a Home: buying a house with section 8 tenant, owner occupant, atorney
owner occupant, atorney, eviction notice: TRISHA-- You might want to check with an Attorney on this,as my providing you with legal opinion, advice or guidance could be taken as practicing laws without a license, BUT I think you should CLOSE as scheduled so as to BEAT the deadline for the Tax...

Buying or Selling a Home: Is This A Clear Title?, mortgage commitments, title commitment
mortgage commitments, title commitment, title company: Nope! I don t close until the lien is wiped out in the county records. Period, Dave. That attorney doesn t know his nose from his toe, as far as I m concerned. Trouble is, your lender may not wait until the lien is cleared off. Mortgage commitments are good...

Buying or Selling a Home: Commission on the selling of a mobilehome, anaheim ca, realtor
anaheim ca, realtor, mobile home: Hello Charmaine, The fee is very normal. and NOT based upon the price of the home. If this person is showing your home, and doing their advertising as expected....it sounds ok to me. Of course, you can do as you wish when the listing period is up...perhaps...

Buying or Selling a Home: Compensating for a lack of a master suite, elephant in the living room, laminate counter top
elephant in the living room, laminate counter top, opelika al: Hi Jamie; Yes, I think that presenting the bedroom as the master with the half bath is the way to market the home most effectively. the most important thing to do is in the remarks to comment that the other --larger room could be the master bedroom if the...

Buying or Selling a Home: CondoProperty Options, short sales, loan broker
short sales, loan broker, BPO: Hi Dan, I understand your situation completely, as I have been in a similar situation recently myself. I don t have a crystal ball, but thinking that condo values will rise 150% anytime soon is not realistic. The value has adjusted and we may be heading...

Buying or Selling a Home: closing with tenant, landlady, buying a house
landlady, buying a house, home insurance: Sorry, Trisha, but the tenant has a lease valid until the end of December. You should have known that when you bought the house. The agent who sold you the house should have advised you that you cannot evict the tenant until after the lease expires. You can...

Buying or Selling a Home: closing with tenant, buying a house, home insurance
buying a house, home insurance, landlord: Hello Trisha, Thank you for your question. Congratulations on buying a house too! The seller tried to get the tenant out but failed and now you have a problem until the tenant s lease expires. The lease is part of the property. Unless the tenant...

Buying or Selling a Home: Defaulting on new home construction, career headquarters, new home construction
career headquarters, new home construction, looking for a new career: Hi Rick, Wow, what a dilemma. I can sure sympathize with your situation. If there was a default on the Seller’s part, that would be grounds for you not to close. If you are obtaining a VA loan, there “could” be something connected with the VA loan...

Buying or Selling a Home: deed; release of lien;Texas, warranty deed, grant deed
warranty deed, grant deed, claim deed: Then there might be one other reason the title company is asking for a deed: Maybe you did not get a Warranty Deed or a Grant Deed when you bought the property. If you did not buy the property, that might be part of the problem. In any case, some kind of deed...

Buying or Selling a Home: "As is" definition of property in California, roof plumbing, deficient areas
roof plumbing, deficient areas, leaking roof: Dear Trudy: I did not quote laws in California. I said what is commonly understood for real estate language. Agreements are between buyer and seller and there is little that has to have such and such wording . There is a considerable difference about...

Buying or Selling a Home: False disclosures, real estate contract, small claims court
real estate contract, small claims court, leaky roofs: Unless you are looking for an excuse to move out of your new home, Ann, the best way to do this is to PAY for the repair (your labor does not count) and ask the sellers to pay for the work completed based on that cost. If they don t, then take them to small...

Buying or Selling a Home: false disclosure, basement leaks, small claims court
basement leaks, small claims court, small claims court procedures: Sorry for the delay in responding. I just got out of the hospital. Bottom line- what was in writing? Was it verbal or in writing? You need to look at it as a judge would. Misrepresentation IN WRITING would need to be proved. I doubt their realtor is at fault...

Buying or Selling a Home: HOA, buying foreclosures maryland, purchasing home maryland
buying foreclosures maryland, purchasing home maryland: If there is a mandatory HOA, you must pay the dues or they can hire attorneys to collect the dues, tack on legal fees and then put a lien on your house. With a foreclosure, you probably had to sign papers stating that it is an as is sale and they don t...

Buying or Selling a Home: putting a house in contract, mortgager, time in the world
mortgager, time in the world, play one: Hello Judina, Whew, not really a quick question! Let s take it point by point. First I need to say that I am not an Attorney nor do I play one on TV! (LOL) 1. Any time you make an offer on a house the Seller will want to know about your ability to pay...

Buying or Selling a Home: insider trading and information on houses, lionel hutz, flanders family
lionel hutz, flanders family, insider trading: Here in California any kind of death within 3 years should be reported to the buyer. I suppose other states here may or may not have such a law. I cannot help you with your country, nor am I familiar with Reality Bite to which you refer. I do wish you well....

Buying or Selling a Home: Liability to Seller, ASHI, NASHI
ASHI, NASHI, Home Inspector: Jack - Got your message an ddid not anticipate the need to follow-up although I didn t want to leave the message hanging in my inbox. I agree with your assessment of the situation. In AZ we have the local AZ Society of Home Inspectors (ASHI) which under similar...

Buying or Selling a Home: Lien on a House, jessica bryan, encumbrances
jessica bryan, encumbrances, title search: Hello; The lien can be a deterrent for a potential buyer since title search will show the lien on the property. You can counteract this by disclosing that the lien will be paid from sale proceeds but this will mean that you must have enough from the sale....

Buying or Selling a Home: Loan pending due to incompleted remodel
I m a California broker, Ashley, not an attorney. The way I see it, should your pending loan not be approved because of the appraisal because of the incompleted work, a good attorney would jump on that as the reason why you were not the buyer after all. Again,...

Buying or Selling a Home: mobile home disposal, salvage company, precarious situation
salvage company, precarious situation, question thanks: Hi L When we remove an old home to put in a new one, we pay the resident a few thousand dollars, and do the removal ourselves through a salvage company. I would contact some local dealers to ask if they would like to buy your space....tecnically you have...

Buying or Selling a Home: What do I do with a mobile home on my land?, mobilehome, bureaucracy
mobilehome, bureaucracy, mobile home: Hi Roger...been looking into this issue, but need to know some facts: What state? Is the home on a permanent foundation? Has the home been registered and titled, and do you have same? Give me these answers, and I will respond shortly...... ~ ...

Buying or Selling a Home: mobile home pricing, motor vehicles department, division of motor vehicles
motor vehicles department, division of motor vehicles, sister in law: I am sorry,but Ido not know anything as it relates to mobile homes. I suggest you visit a division of motor vehicles department and ask them or a dealer in your area. It is treated like a car, since there is a title, such as a car or trailer. good luck...

Buying or Selling a Home: Negotiations, buying, selling
buying, selling, contingancy: Hi J, Welcome to home sale 101 in the year 2009! No kidding aside, in todays market place, it is very hard to have a wonderful home sale experience. Buyers are very demanding today, and sellers don t have the equity they had just 3 years ago. The negotiations...

Buying or Selling a Home: New homeowner house Title, jessica bryan, new homeowner
jessica bryan, new homeowner, mortgage company: Dear Dora; How did you close on this house? Did you use a title company or an attorney? Did you get a loan? If so the mortgage company can supply the documents. In order to record the transaction the attorney or title company would have had to supply documents...

Buying or Selling a Home: offer for reo property, proof of funds, foreclosure market
proof of funds, foreclosure market, mls realtor: Hi Bob, You would just need to make the offer in your son s name, so he is the person contracted to purchase the home. Since you are paying cash for the home, it won t matter that it s technically your money and not his as long as his name is on the contract....

Buying or Selling a Home: Permitting issues and price of home, buying, selling
buying, selling, contingancy: Hi James, To answer your question is what the current seller advertising legal ... Yes... the property is a 5 bedroom 3 bathroom, he is telling buyers to verify all city permits... at their expenses and making it their issue if they have one... and he...

Buying or Selling a Home: problems with selling agent, realtors multiple listing, realtors multiple listing service
realtors multiple listing, realtors multiple listing service, question pool: LUPE-- Problems with a Real Estate Agent should be taken up with the Agent s Broker and/or Sales Manager,as well as with the local Association of Realtors/Multiple Listing Service. If they cannot get things taken c are of, contact your State s Department...

Buying or Selling a Home: property in France, property in france, penelope
property in france, penelope, right direction: Hi Penelope, In the United States, persons who own property jointly with others have what is called a Right to Partition. When one of multiple owners wants to “cash out” their portion of ownership and the remaining owners do not agree to buy him out or...

Buying or Selling a Home: purchasing a home from father, home equity line, new home buyers
home equity line, new home buyers, local realtor: Hi PATRICIA-- Athough you ve been paying Dad s Mortgage Payments, including Property Taxes & Homeowner s Insurance while living in the Home,your Dad s considered your LANDLORD & you a RENTER. If you have NOT owned a Home,have been renting from Dad or before...

Buying or Selling a Home: purchasing a home with a llc, limited liability corporations, limited liability company
limited liability corporations, limited liability company, estate question: This is not a real estate question, John. LLC stands for Limited Liability Company. Because it is not a partnership or a corporation, the owners of an LLC are not partners or shareholders, they are “members.” Such companies are frequently labeled Limited Liability...

Buying or Selling a Home: Real Estate Amendment after Contract Expires, multiple listing services, purchase documents
multiple listing services, purchase documents, self destructs: Hi CHRISTY-- .....excecuted an amendment to a contract that s already expired? Hmmm,IS it valid? That depends on your interpretation of the words executed,contract,expired and valid:)MAYBE I CAN HELP: The Purchase and Sale(P&C) Agreements used by MOST...

Buying or Selling a Home: room with not permit, buying, selling
buying, selling, un-permitted rooms: Hi Doris, I would hope that you have an agent your are working with that is representing you? If not you may wish to hire someone to assist in all the legal aspects of the disclosure and transaction. The fact that the room is not permitted, may or may...

Buying or Selling a Home: Selling & Buying In This Market (10/09), Buy low sell high, Is today a good time to sell or buy
Buy low sell high, Is today a good time to sell or buy, should I sell: Hello Jo - This is an excellent question which more homeowners should be asking. Lets first talk about the concept of investing. Buy Low, Sell _______, correct high . But the this is not the truth. Markets are rarely in neutral position. In reality they are...

Buying or Selling a Home: Selling a Home in a Trust, middle brother, bad decisions
middle brother, bad decisions, executor: You give me the impressiom you do not trust your middle brother, Anne, and I detect that your mother favors him for one reason or another. If it was me, I would keep politics out of the matter and figure it is not necessary for your middle brother to be an...

Buying or Selling a Home: Selling home, selling home in maryland
selling home in maryland: HI Dennis, You can choose to sell it by yourself if you d like. If you choose this option, you ll want to hire a real estate attorney to help you with the paperwork and the closing process. You can consult with the attorney in advance and ask how they are...

Buying or Selling a Home: sell, residential landscape, sad time
residential landscape, sad time, mortgage payment: Hi Misty, Thank you for your question. It is a sad time in our history in many ways...and your problem is one faced by many homeowners. Short sales and foreclosures are littering our residential landscape. It sounds like that would be your only way...

Buying or Selling a Home: How to sell house with VA Insallment Contract to buyer with FHA, fha loan, installment contract
fha loan, installment contract, deed in lieu: Maybe I am missing something, Cecelia. If the property is in the bank s name, there is no way it can be considered as YOU being the seller. You apparently have already lost the property through a foreclosure or lost it through deed in lieu. The VA installment...

Buying or Selling a Home: titling of investment, taxwise, revocable trust
taxwise, revocable trust, tax position: This would be very difficult to answer, Ceno, because I have no idea what your tax position is. You really should ask this question of a CPA or other tax expert. That person would be able to advise you after seeing which is better for you after knowing your...

Buying or Selling a Home: titling of investment, buying, selling
buying, selling, investing: Hi Ceno, Ways of taking title will afford the owner of the property different protections, liabilities and tax consequences... I would advise you to consult your financial advisor and Tax account to see which way will work best for you now and in the future....

Buying or Selling a Home: Wet Crawl Space and FHA Loan, buying, selling
buying, selling, multiple offers: Hi Mary Jo, Hard to say... if the FHA appraiser sees what you see there is a change it could kill the deal... of course the seller could remedy (not likely) or the bueyr could do an FHA 203K (not likely the bank will want to wait that out) ... my advise...

Buying or Selling a Home: Have you written a book on buying properties at court steps?, reference book, aol
reference book, aol, realtors: Some of your words seem familiar, however, I have never had a blog, Drew. If you will cut and paste my words, and send it to me at my email address below, I will know from where you are referring. I have several books that are now out of print, one is very...

Buying or Selling a Home: young first time buyer, first time buyer, jessica bryan
first time buyer, jessica bryan, first time buyers: Dear Josh; I suggest that you save, save, save! While you are saving establish and keep great credit. You may want to talk to a lender about your credit and what you can do to improve it if you don t have good credit. You don t necessarily need lots of...

Buying or Selling a Home: 2 people buying a house, buying, selling
buying, selling, partners: Hi Lou.... Please speak with a financial adviser... you are taking a certain amount of risk as the silent partner, it is not so important to be on the loan, but the title is where your interests are protected (the asset) Three years in todays market...

Buying or Selling a Home: 2 people buying a house, tax ramifications, townhouse community
tax ramifications, townhouse community, dear lou: Dear Lou; First of all, the tax credit for first-time buyers does not apply to investment properties but to primary residences. There is also an incentive that is now available to current homeowners who have lived in their home at least five of the past...

Buying or Selling a Home: 2 people buying a house, pre approval letter, dear lou
pre approval letter, dear lou, first time buyer: Dear Lou: First thing you do is check with a lender. Down payments are required, and your son s amount may not be enough. Some lenders will accept a gift of money to the borrower, others will need to have you on the loan to co-sign. The people on the...

Buying or Selling a Home: Agreement w/Real Estate Agent, holes in your story, prospective buyer
holes in your story, prospective buyer, aol: Yes, most agents do not give the seller a notice of the potential buyers that were shown the property. However,it s up to you, Bob, whether you want to pay a commission to that original agent. According to your information, you are not obligated to do so....

Buying or Selling a Home: Bought home Personal prerty still there, jessica bryan, personal property
jessica bryan, personal property, intention: Dear Roy; Unless something was put in writing as part of the closing contract that stated that the owners were entitled to personal property after the home closed, this property has now become yours. Once you record ownership on a home; it is everything--that...

Buying or Selling a Home: Buying rural property, jessica bryan, rural home
jessica bryan, rural home, rural property: Dear Kassey; There are probably some loans that would work for you better than others. I cannot say which is best since I do not know you economic standing, your needs, your tax advantages, your financial portfolio, or your credit. These are all things...

Buying or Selling a Home: bank owned, bidding, buying
bidding, buying, selling: Hi Tricia, Congratulations on getting into the market.... great deals are all over right now... You can change an offer at any time prior to consummation with the seller (in this case the bank) Keep in mind most banks do not counter back... they...

Buying or Selling a Home: closing, jessica bryan, extenuating circumstances
jessica bryan, extenuating circumstances, land contract: Hi Mark; You need to read over the contract in the section that discusses the closing date. Usually, the seller must give the buyer a few days leeway. If that is not stated in your contract, and if there are not words stating that the closing date of Nov....

Buying or Selling a Home: condo nightmare, judicial foreclosure, whole slew
judicial foreclosure, whole slew, snake pit: As best as I can understand your plight, Dore, if it was me, I would just stop making payments on my mortgage and put away in a savings account your monthly mortgage payment. Then I would go out and find another residence BEFORE your credit starts to get marred....

Buying or Selling a Home: Getting out of a contract for home, pat simmons, jessica bryan
pat simmons, jessica bryan, contract states: Hello again; I am so sorry for your problems and hope that by canceling this contract you will be able to relax a bit. If your agent is not helpful with this you should call the managing broker of the company to discuss your options. also, you might be...

Buying or Selling a Home: deed, probate, wills
probate, wills, heirs: condolances, My condolences with the passing of your sister... since your sister did not leave a will, you need to contact a real estate attorney. You will have to have the estate probated before the property can be sold. I advise you to seek a referral,...

Buying or Selling a Home: dishonest listing agent, double closing, simultaneous closing
double closing, simultaneous closing, subject to: Hello Paula - There is a practice called a double closing. This is where the property is still in the sellers A name, but they contracted with another party B where party B is intending to sell the house for more than they acquired it from party A. Usually...

Buying or Selling a Home: Earnest money, florida association of realtors, escrow deposits
florida association of realtors, escrow deposits, escrow account: Dear Richard: What a nightmare. I am so sorry you became involved with something so nefarious. Each agent is under the jurisdiction of a broker for the company. Also, call the corporate office of that particular company because there is accountability from...

Buying or Selling a Home: Foundation/structural damage, sublease contract, professional estimates
sublease contract, professional estimates, black mold: If you do not get satisfied after asking the lessor to put the property into selling condition (remember you haven t bought it yet and you can walk away if you want, but you lose any moneys you put in it) then I d get that REAL ESTATE attorney involved. This...

Buying or Selling a Home: HOA CERTIFICATION, escrow companies, loan docs
Buying or Selling a Home: HOA CERTIFICATION, escrow companies, loan docs, hoa

Buying or Selling a Home: HOA CERTIFICATION, escrow papers, escrow officer
escrow papers, escrow officer, small claims court: This is a very new scenario for me, so this is my opinion having not been in this situation before. I would PERSONALLY get the contact info for the HOA and make a visit myself (or have your agent do it). Let them know that if there are damages as a result...

Buying or Selling a Home: home inspection, home inspection contingency, counteroffer
home inspection contingency, counteroffer, aol: I don think too much of your Realtor, Shannon. He/she should know that he price cannot be changed without the signature of all parties to the transaction. However, if you replied to the buyer s offer with ANY KIND of WRITTEN and signed reply, then that could...

Buying or Selling a Home: house on market 9 months- no offers, home buying maryland, home selling maryland
home buying maryland, home selling maryland: It s hard to say whether that is a good strategy or not as there are two ways to look at it. If the house has been on the market for 9 months and has had a lot of showings but no offers, that pretty much means that the price is not bad for the neighborhood...

Buying or Selling a Home: Land Recombination Issue, propane tank, new mortgage
propane tank, new mortgage, correct terminology: I would be foolish to try to answer your question, Rob, without taking a physical inspection. To give you a reply via the Internet without looking at the land and documents involved is just not kosher. I recommend you consult with a local real estate attorney...

Buying or Selling a Home: Loan Assumption, quick claim deed, loan assumption
quick claim deed, loan assumption, land mortgage: Depending the state you re in, Pete, you would want to use either a warranty deed or a grant deed. By using one of those you are assured that you will not inherit any liens or encumbrances that you were not apprised of. All the others are risky. Quit-claim...

Buying or Selling a Home: Lot Recombination Issue, two old ladies, propane tank
two old ladies, propane tank, question pool: This AllExperts.com Question was NOT sent to me; I found it unanswered 11/25/09 in the QUESTION POOL. CONSIDERING THE LITIGICAL NATURE OF SOCIETY TODAY,THE INVOLVEMENT OF AN HOA,SURVEYOR,MORTGAGE CO & TWO OLD...

Buying or Selling a Home: looking for finaceing to buy a home, finacing, lease option
finacing, lease option, lease options: How far north do you want to go, Sean? Do you want Santa Claus as your neighbor or will Idaho, Montana or Washington be far enough? Maybe even Salt Lake or Provo might do you fine. I would have to do what you can do with your computer to find the best places...

Buying or Selling a Home: Mortgage pre-approval, mortgage pre approval, home warranties
mortgage pre approval, home warranties, money lending: Hi Jack, Your loan amount will be based on the actual purchase price of the home, not on the pre-approval amount. You will probably need to come out of pocket for the down payment unless you qualify as a veteran for a VA loan. FHA has the lowest down payment...

Buying or Selling a Home: My Mothers Estate, probate attorney, qualification guidelines
probate attorney, qualification guidelines, sister lives: Hi Jack, It is entirely possible that your sister would be unable to qualify for a loan based on her credit history and income, even if there is equity in the home. The lending market has really tightened its qualification guidelines in the past few years....

Buying or Selling a Home: Owners not renewing lease, short sale, homemaker, recourse
homemaker, recourse, oct 31: I m sorry to hear that you have to move. I m not familiar with the laws in Colorado, but I will tell you how it is handled here in California. When you paid your rent (and your landlord accepted) you entered into a month-to-month agreement that extends...

Buying or Selling a Home: Property in Bankruptcy, georgia peach, personal residence
georgia peach, personal residence, vacant property: If the property is not yet listed, the real estate agent probably does not even have the authorization to show it to you. If you are in contact with the owner, perhaps they have a neighbor or relative living nearby that might have the keys? Otherwise you will...

Buying or Selling a Home: Racial "Steering", Fair Housing, Steering
Fair Housing, Steering: Hello Jack - Please accept my apology for the delay. I was out of town and returned today. Unfortunately, racial steering probably does still exist. To answer your question I recommend a brief visit to the National Fair Housing website at www.fairhousing.org...

Buying or Selling a Home: Recourse after a sale is done, hey wait a minute, recourse
hey wait a minute, recourse, remorse: First, Jim, your cousin should have received a property condition report (of some kind, depending on the state) signed by the seller. Also, your cousin should have had the property inspected by a licensed inspector. If your research indicated they were not...

Buying or Selling a Home: Release of Deposit Monies, deposit monies, 1st time home buyers
deposit monies, 1st time home buyers, mortgage commitment: Dear Daneen: I do not have a copy of your contract, so cannot determined expiration dates and contingencies. At this point, I think you need to consult a real estate attorney. We real estate brokers cannot practice law without a license . I would not...

Buying or Selling a Home: realtor lost my dream house, s broker, earnest money
s broker, earnest money, realtor: Hi Catherine, Wow! I am so sorry that happened to you. As I am a professional Realtor, I follow a code of ethics. It is upsetting to hear of people who feel they have been treated badly. I am not an Attorney, but I will give you my thoughts. I don t know...

Buying or Selling a Home: recombination of land, propane tank, new mortgage
propane tank, new mortgage, correct terminology: Have you thought of an easement, this might be something you might look at.If this don t work , come up with a price that will work for all property owners, ,always remember, ye who owns the property at the end . WINS., Your appreciation starts then..his...

Buying or Selling a Home: Selling real estate in Nevada without a permit for a granny unit, granny unit, jessica bryan
granny unit, jessica bryan, reverse mortgage: Dear Darren; The seller who represented that the suite was permitted could run the risk of a law suite for fraud or misrepresentation. However...trying to prove that now is probably impossible. My advice is to contact city planning and ask what you can do...

Buying or Selling a Home: Settlement Date, month old baby, financial damages
month old baby, financial damages, fha loan: AARON-- Too often PRE-APPROVAL LETTERS aren t worth the paper they re written on! The Borrower is approved subject to this/contingant upon that! That s not to say that ALL Pre-Approved Borrowers present a risk to their Sellers, BUT some certainly do....

Buying or Selling a Home: Short Sale Questions, foreclosure, short sale
foreclosure, short sale, deed in lieu: Hi Jennifer... Deed in lieu ... not all banks accepts... you need to call yours... if indeed they will take it back and what qualifications you must meet... keep in mind, none of these, except paying the note in full, will keep your credit clean... any...

Buying or Selling a Home: Short Sale Questions, property management company, paperwork
property management company, paperwork, long time: Hi Jennifer, So sorry for your tough situation. Declining property values have really put a squeeze on the people that have to move and I wish there was an easy answer. You are correct on just about all accounts. Buyers do tend to shy away from properties...

Buying or Selling a Home: Short Sale Questions, property management company, paperwork
property management company, paperwork, long time: You re welcome, and by the way, I also bought my place at the top of the market in 2006. The peak was officially summer of 2005, but prices continued to climb slightly while numbers of transactions began to decline. This year has seen an increase in transactions...

Buying or Selling a Home: Short Sale Questions, property management company, paperwork
property management company, paperwork, long time: You have to look at not only properties that have sold, but also what the current competition is in your area. What is the list price of the other properties in your neighborhood compared to that $145k appraised value? If there are properties listed...

Buying or Selling a Home: Short Sale Questions, property management company, paperwork
property management company, paperwork, long time: Well, then, Jenn, I recommend you see and talk to her office manager, most likely the broker for the office. That person should be able to answer the questions you have. I am positive there is a broker in your town that can answer your questions for you. Unfortunately,...

Buying or Selling a Home: Short Sale Questions, property management company, paperwork
property management company, paperwork, long time: Hi JENNIFER-- First, my Thanks to both you & your Husband for your service to our Country!Now for a response to your inquiry. Short sales are at the discretion of the Lender who owns your Mortgage and/or the Mortgage Insurance Provider(MIP) that has...

Buying or Selling a Home: Short Sale Questions, short sale, pre-foreclosure
short sale, pre-foreclosure, HUD: Hello Jennifer - You pose excellent questions. The first step is do you qualify for a short sale ? To answer this I recommend going online to www.hud.gov and select the link for HUD NON-PROFIT COUNSELORS click on your state and you will be provided with...

Buying or Selling a Home: Short Sale Questions, property management company, paperwork
property management company, paperwork, long time: Hi Jennifer, Sorry to hear about your dilemma. As you have pointed out, it seems to be the case in our country now that if you pay your bills on time and are a responsible American, help for this category of people is severely lacking when your mortgage...

Buying or Selling a Home: Short Sale Questions, property management company, paperwork
property management company, paperwork, long time: Did you have appraisal or market study annalys made. If market study, have someone else look at home and advise. look at what other homes in your area are selling for. Has the agent sold any homes in the area, have there ben any open houses, has agent advised...

Buying or Selling a Home: Getting out of sale, tight money, month of august
tight money, month of august, financial institution: The bank is playing games with you, Maria, because of the tight money out there. The government is limiting the interest rate banks can charge these days, but because of the tightness of the money they want to charge a higher interest rate. With that in...

Buying or Selling a Home: Undisclosed problems., pool plumbing, water intrusion
pool plumbing, water intrusion, mandatory disclosure: Hi James, Sorry for the delay in answering your question. I do not remember seeing your original question come in, but All Experts notified me that yours is unanswered as of yet. My first question for you is, did you have a home inspection? If so,...

Buying or Selling a Home: appraisal under offer amount, single family dwelling, home loan program
single family dwelling, home loan program, fha home loan: Adam, Unfortunately, you cannot be re-imbursed for expenses incurred if you should cancel the contract. Have you submitted a written request to the seller to remove the 3% credit and lower price to $85,000? I do a lot of REO properties and I have seen...

Buying or Selling a Home: Broker/Agent, buying, selling
buying, selling, representation: Hi Chris... First be sure the property is for sale... go to any real estate office, ask the updesk agent to check on the address for you, get the print out of the Agent sheet... you may need to explain that you are the owner, (they can check tax records...

Buying or Selling a Home: BUYING A HOUSE, little rock arkansas, first time buyers
little rock arkansas, first time buyers, time home buyers: I still say they are treating you like dirt just because your husband doesn t have the best credit score. Even if you were able to comply with their demand, they would give you a loan with all kinds of costs and a higher interest rate. They figure they have...

Buying or Selling a Home: Buyer Realtor's job??, buying, selling
buying, selling, appraisals: Hi Caryn, I am sorry you are in this transaction... as a first time buyer, it is so important to have a Realtor who actually knows what they are doing and can assist and guide you through the process... at least that way you have the control to know what...

Buying or Selling a Home: Buying a Home - 2 signatures, buying, selling
buying, selling, title: Hi Linda... Congratulations on purchasing a new property... I assume you are speaking about the title? the Deed? Fax signatures on documents that must be recorded and not allowed (at least not here in California) the original must be taken to the country...

Buying or Selling a Home: Buying my Moms house., mortgage interest, lander
mortgage interest, lander, good job: Well, if you don t want to wait, Jason, I would suggest you use your favorite lender to make your loan. However, be aware that the purchase price you paid for the house will be a heavy impression on the bank. Hopefully, you have a house that would appraise...

Buying or Selling a Home: Buying a "New" home, jessica bryan, strong market
jessica bryan, strong market, buying a new home: Dear Nicole; You are right that it sometimes takes years to build equity in a new home. However, in a strong market a new home is usually a bit higher priced after a year or two. That is not the case right now though. Because the market is still soft owners...

Buying or Selling a Home: Buying out Siblings, response michelle, drainage problems
response michelle, drainage problems, jessica bryan: Dear Michelle; Regardless of what price the home appraises at if there are repairs needed then the siblings that want you to buy their shares need to help pay for the repairs first. If they don t agree to that then they will need to prove that the home is...

Buying or Selling a Home: Can I break a contract on purchasing a home, termite damage, inspection clause
termite damage, inspection clause, storage building: Hi Holly, Not having read your Contract of Sale, I cannot answer your question specifically. I can, however, point you in the direction of some things you can do. Since you did an inspection, your Contract must have addressed your right to do this....

Buying or Selling a Home: buying bank owned home, price concessions, jessica bryan
price concessions, jessica bryan, price adjustments: Dear Dana; It is all about timing. If the bid was accepted and then you did an inspection only to learn that you were not buying the home you thought you were buying (i.e. no central air) Then you have the right to demand that it be included in the home...

Buying or Selling a Home: buying a home, garage door opener, rocker switches
garage door opener, rocker switches, control switches: This is really not a real estate problem, Chang. However it is very simple to adjust. I am sure you can do it yourself without going through too much trouble. First of all, check to see if there is something blocking the seeing eye that flashes across...

Buying or Selling a Home: buying after renting, security deposit, landlords
security deposit, landlords, shannon: Hey, Shannon. You certainly should. In fact, I would think that if you buy it, then you won t lose any of your security deposit for all those things that landlords like to deduct for since they won t have to re-rent the place. I would seem you could...

Buying or Selling a Home: Chase Home Modification Trial Finished, scotch tape, mortgage payments
scotch tape, mortgage payments, mr dennis: As you probably know by now, you bought your house at almost the top of the real estate market in 2005, John. That s why they are willing to modify your mortgage payments. However, it seems to me that they have not lowered your payments ENOUGH! You should...

Buying or Selling a Home: confusion, long term investment, real estate brokers
long term investment, real estate brokers, jessica bryan: Hello Veenu; I suggest that you not overextend yourself in expenses. Do what you can afford to do and find a good compromise on the floors. If the second floor is less money and not too many stairs that is probably the best solution. I agree that being...

Buying or Selling a Home: Discount broker has terminated our relationship, discount realtor, relationship question
discount realtor, relationship question, procuring cause: A buyer s listing agreement, Jim, is similar to a seller s listing agreement, only the buyer is obligated to pay the Realtor a fee no matter who helps the buyer get a house, including the buyer himself. Most buyer s listing agreements stipulate that if the...

Buying or Selling a Home: FHA Loan, lower mortgage payment, fha loans
lower mortgage payment, fha loans, fha guidelines: Hi Rachel, You are wise to investigate the answers to your questions above before selling your current home. I do not try to stay current on FHA guidelines because they change so often now, and I am not an expert in the mortgage lending field. I would...

Buying or Selling a Home: Foreclosed mobile home purchase, mobile home loans, real estate loans
mobile home loans, real estate loans, vancouver wa: Try this one, Mary: They are in Vancouver, WA. MH Loans. Just go online and contact them. 1-888-809-1145. Simple as all that. Just one thing. Be aware that mobile home loans are higher than regular real estate loans and you may have to qualify at a higher...

Buying or Selling a Home: Foreclosure, bankruptcy creditors, confusing law
bankruptcy creditors, confusing law, creditors rights: If you, as your wife s legally designated POA, signed the mortgage documents, Alistair, then, yes, she is also liable for the mortgage. If you have any doubts, consult with a real estate attorney. You would be liable to your lender for EVERYTHING they paid...

Buying or Selling a Home: Funds Necessary to Close, Contract terms, real estate purchase contract
Contract terms, real estate purchase contract, failure to have the funds necessary to close: Hello Kevin - Immediately upon Seller acceptance of your offer, and depending on the terms of the contract, it is highly likely that if you fail to have the proceeds necessary to close you would be considered in breach of the contract and subsequently...

Buying or Selling a Home: Short Sale and short fall, deficiency judgement, verbal approval
Buying or Selling a Home: Short Sale and short fall, deficiency judgement, verbal approval, bank lender

Buying or Selling a Home: first time buyers, buy an apartment, first time buyers
buy an apartment, first time buyers, local realtor: Jackie-- It varies from one propety to another, doen t always matter if pre-forelosure or foreclosure.Sometmes one is more costly that the oher! I strongly suggest that you find a LOCAL Realtor who has the letters CBA aftr his/her name (Stands for...

Buying or Selling a Home: Home title (not mobile home), maury county tennessee, jessica bryan
maury county tennessee, jessica bryan, lien waiver: Hi Charles; I am not sure what the seller is talking about. Paying for title might mean that he won t pay for title insurance which makes sense since this is usually what the buyer pays for. You need to check with an attorney to determine what the costs...

Buying or Selling a Home: home disrepair, buying, selling
buying, selling, inspections: Hi Matthew... Classic example... so sorry you did not do your due diligence... I don t know what state you are in... some treat mobile homes like auto s ... and some are very buyer beware... you should seek an attorney who could draw up a letter to sternly...

Buying or Selling a Home: Joint Ownership, warranty deed, real estate broker
warranty deed, real estate broker, friend sign: You didn t say if both of you are responsible for the mortgage, Noeleen. So, I will address your problem as if you both are responsible. My guess is that it s probably true. Since you are not familiar with real estate laws and customs, I strongly suggest...

Buying or Selling a Home: Life Tenant, life tenant, life estate
life tenant, life estate, thanks in advance: A life tenant is the same as life estate, Arlene. This you probably know already. Some time in the past maybe your husband, who may have owned the property in his name only, perhaps deeded the house to your son(s) but reserved a life estate (life tenant) interest...

Buying or Selling a Home: Moving out of state, good bargain, bermuda vacation
good bargain, bermuda vacation, major moves: Moving, especially to an out-of-state location, is one of life s most stressful events, Janice. It ranks somewhere below a family death and divorce. I ve made major moves a couple of times and it is not fun. And unless you have a seven-figure bank account...

Buying or Selling a Home: Negotiating partner arrangement on Home Sale, depressed economy, luck jim
depressed economy, luck jim, beautiful home: APRIL-- This is a legal issue and only a State Licensed Attorney can help you with advice & guidance on the possibility of a partnership or other legal buy-sell arrangement that she can use. Find a local Lawyer who specializes in Real Estate & go from...

Buying or Selling a Home: new home inspection, concrete slab foundation, simi valley ca
concrete slab foundation, simi valley ca, earthquake damage: Hey, Gene. Out in Simi Valley, sloping floors could be the result of something simple, like poor floor construction, or more serious, such as earthquake damage or excessive settling. I m presuming that the house is built on a concrete slab and not a...

Buying or Selling a Home: Offer to purchase, time restraints, ethical issues
time restraints, ethical issues, last september: As long as you have not executed some kind of buyer s listing agreement, Vicki, go right ahead and see if you can buy the property at a price you d be satisfied with. Just be careful. I ve seen it happen too many times where two private parties try to make...

Buying or Selling a Home: Pre-Settlement Possession Amendment, scam, buying
scam, buying, selling: Hi Scott... I can t tell count the number of RED flags on this offer! 1. Daily occupancy creates a tenant situation... do you want this to be a rental? 2. 10 Weeks to close? 45 days is standard.. FHA, Conventional even VA 3. Buyer $ ? how long to evict?...

Buying or Selling a Home: Proceeds on a sale of a home, iolta account, favorite bank
iolta account, favorite bank, estate matter: This is no longer a real estate matter, Karen. It s probably should be handled by an estate attorney or Certified Financial Advisor. Or, since you have a power of attorney, why not go into your favorite bank and ask the manager there what is the best way to...

Buying or Selling a Home: Property floods after putting in a contract, earnest money deposit, professional designation
earnest money deposit, professional designation, luck jim: Hey MARV-- It s impossible to give you a specific answer to your question regarding the refund of your Earnest Money Deposit as so much depends on the specific wording of the Contract as pertains to whether or not the Deposit is refundable or non-refundable.So...

Buying or Selling a Home: Property location scandal, former ussr countries, definite places
former ussr countries, definite places, soviet empire: Dear Anatoly, Thank you for your letter. Wow, that is complicated. I thought Arizona real estate was bad! I apologize that I cannot offer much help. If you are being swindled, I am very, very sorry. I do not know enough about your country or its laws, or...

Buying or Selling a Home: Property location scandal, former ussr countries, definite places
former ussr countries, definite places, soviet empire: Hello ANATOLY-- What a turmoil! Reading through your description of the troubles you are having is mind-boggling!Sometimes I get upset about our Government, our Real Property/Land Ownership System,our Real Estate Marketing & Sales procedures,etc, but what...

Buying or Selling a Home: Purchasing a Condo, first time buyers, 4s
first time buyers, 4s, lori: In the 4 s is a good rate. Try to get a 30-year fixed in the 4 s. A bigger concern I have is how you two are going to take title on the condo. Without being married there could be big issues later on if you break up. You should speak with a real estate...

Buying or Selling a Home: property location scandal, former ussr countries, definite places
former ussr countries, definite places, soviet empire: Dear Anatoly; Thank you for your very interesting question; Of course I don t have any experience with your particular issue but can certainly relate over anything that creates a problem due to government red tape and inconsistencies. Your situation does...

Buying or Selling a Home: purchasing land to put mobile home on, visalia ca, septic tank
visalia ca, septic tank, purchasing land: First of all, Leanne, you need to own the land on which you intend to put your mobile home before you get a loan. The bank will not lend until you own that land, or you owe a small enough amount that would allow them to put a loan on it that would include...

Buying or Selling a Home: Real estate- buy, row house, tax breaks
row house, tax breaks, emergence: Unless the IT park is actually in existence and has tenants in place, I would not count on commercial development in this economy. Do I understand you correctly that you do not intend to live there for at least two years? If that is the case, I wouldn t...

Buying or Selling a Home: Residencial purchase, benefits of home ownership, local realtors
benefits of home ownership, local realtors, milwaukee area: Hi Gern, You didn’t say whether this would be a principal residence or investment property for you. I will assume this would be a home you would live in and occupy as your principal residence. I’m not familiar with the Milwaukee area, but if it is a...

Buying or Selling a Home: realtor problems, jessica bryan, procuring cause
jessica bryan, procuring cause, breach of contract: Hello Ann; I am sorry that you are unhappy with your Realtor. The answer to your question depends upon what agreement you have made with her regarding compensation. If you have a signed contract with her that states that she will get compensated for a sale...

Buying or Selling a Home: rights under a contract, dual agent, local real estate
dual agent, local real estate, sales contract: Hi Lori, I wish I could answer this for you, but you will have to check your state laws to see if you can legally double escrow a property. You might call the state real estate division and ask their expert advice. Here in Las Vegas we cannot list a property...

Buying or Selling a Home: Septic Tank Failure, septic tank failure, septic system
septic tank failure, septic system, home inspector: Hi Jermyles, Sorry you are experiencing problems. Not having seen your Contract of Sale or any of your inspection reports, I am giving you general answers that I think could apply to your situation. Kudos to you for having had an inspection done...

Buying or Selling a Home: "Settler Rights"?, proper documents, mr dennis
proper documents, mr dennis, prospective buyer: That is a bunch of baloney, Elizabeth. I strongly suggest you contact a real estate attorney who will take the necessary steps to get them off the property, PLUS pay you for the loss of the trees or any other damage to the property. Do it now before they do...

Buying or Selling a Home: Short Sale and short fall, deficiency judgment, bank reserves
deficiency judgment, bank reserves, statement saying that: It is possible that your agent got a verbal okay from the bank s short sale negotiator and that the bank s actual paperwork will follow later. As a general rule in real estate, I would never sign anything until you feel that all your questions have been...

Buying or Selling a Home: Staging resources, strange shape, crown molding
strange shape, crown molding, gas fireplace: Hi Linda, If you feel 3 pieces of country furniture are too much I would eliminate one of pieces and put that in storage. In order to cover the wall opening above the fireplace, you can use a piece of art or a large mirror. Sure I can look at your pics,...

Buying or Selling a Home: Steps to purchase a house, loan underwriter, reator
loan underwriter, reator, loan process: Dawn-- The transfer of ownership of a property is a complex set of activities involving the Lender(Loan Officer, Processor,Appriser,Loan Underwriter & Closing Clerk), Title Company(Title Officer & Title Insurace Underwriter)Escrow Company that ties everythng...

Buying or Selling a Home: Studio or 1 Bedroom, studio condominium, tax adviser
studio condominium, tax adviser, financial adviser: Hi Mike... Hope the dish this afternoon helped you to make a decision... I would do the deal.. but also like I said... a good real estate portfolio will keep you in the back for decades... and that always makes a good investment... you have so little vested...

Buying or Selling a Home: Subdividing land with pre-existing convenant, depressed economy, first mortgage
depressed economy, first mortgage, majority interest: If there is some kind of covenant connected with her property that forbids your sister from dividing it, April, then there is not much she can do in a buyer s market. You don t say if she has a mortgage on the property, but if she does, the lender is supposed...

Buying or Selling a Home: selling home, loans from family members, liens
loans from family members, liens, deeds of trust: Hello Dawn - You must contact an attorney with regard to the terms of the living will, your brothers rights to accelerate the loan. Your mother, provided she did not pre-decease your father, should be in control of the lien/note as per the will. If she did,...

Buying or Selling a Home: selling a home, cooling off period, selling a home
cooling off period, selling a home, signatures: Hey, Ashleigh. I m not real sure about Australia, but I suspect it s just like the United States in that you can cancel the listing contract at any time as long as you don t already have a buyer who has made you a purchase offer which you accepted via everyone...

Buying or Selling a Home: Transfer Title, power of atty, don myers
power of atty, don myers, lien holder: Hi Don, Pretty simple...just find out where your state s H.C.D. office is, (check state website. Bring the original registration and title plus the power of atty. A small fee will be charged....that s it. Of course if there was ever a lien holder, that must...

Buying or Selling a Home: Trying to close on a house, real estate lawyer, real estate brokers
real estate lawyer, real estate brokers, remedial work: Dear Troy: Now you know why many people try to avoid short sales. Those who are successful are prepared to go ahead anyway when they discover these issues, or to hold out indefinitely until a closing date really arrives. Too many of these deals are problematical....

Buying or Selling a Home: Warranty on Repairs Made Prior to Purchase, buying a fixer, money
buying a fixer, money, contractors: Hi Kirk... Keep in mind, not even the most expensive job is done to perfection... you will always find things to redo and repair... I have worked with the best and the worst... sometimes you d swear they were the same person... But do go back and see...

Buying or Selling a Home: Appraisal lower than Offer, real estate investor, philadelphia area
real estate investor, philadelphia area, second mortgage: Apparently, Camille, the seller and his agent is under the delusion that you forfeited your deposit some way. I recommend you send a demand to the seller, your agent and the seller s agent demanding the return of your deposit (via certified mail), as long...

Buying or Selling a Home: appliances installed incorrectly, home buying maryland, home inspection maryland
home buying maryland, home inspection maryland, crofton md homebuying: Yes, it should be his responsibility if it was part of the home inspection contingency. Any reasonable person would expect that the installations should be done correctly. Since he is offering to fix it, I would definitely keep being nice and see if he ll...

Buying or Selling a Home: Backing out of purchase agreement, complex selling, purchase agreement
complex selling, purchase agreement, pre construction: Hello Again! If they haven t started building yet it doesn t seem they will be ready to deliver and close in the required 2 year schedule so you would get your moeny back. The lawyer representing the building probably has a conflict of interest so you...

Buying or Selling a Home: Buyers agent Commission, time home buyer, first time home buyer
time home buyer, first time home buyer, personal attachment: Unless you are an expert in that field you have less negotiating power in that transaction. 98% of the time a REALTOR will save you money no matter what the commission is. That is what we do everyday and there is no emotion or personal attachment involved....

Buying or Selling a Home: Buying a home with some water damage, water damage, home inspector
water damage, home inspector, general contractor: Hey, Chris. It s difficult to answer all of your questions without seeing the damage either by being there or at least some pictures. What I d like to do is have you email me directly at russel@russel-ray.com and I ll help you wor through the water damage,...

Buying or Selling a Home: Buying a Older Home, asbestos shingles, allexperts
asbestos shingles, allexperts, home inspector: Randy, My apologies. Your question arrived when I was first starting with AllExperts and got lost in my spam filter. I m sure no is way too late for you but hope you got it straightened out to your satisfaction. If there is anything else I can help you...

Buying or Selling a Home: Buying an owner finance home, orange texas, owner finance
orange texas, owner finance, seller financing: Hey, Christina. Seller financing is not something to take lightly. I would highly recommend an attorney. They are familiar with the process, so it shouldn t cost you much more than $500 or so to get it set up. With this specific type of real estate purchase,...

Buying or Selling a Home: Is now a brilliant or terrible time to buy?, buying, investing
buying, investing, mortgages: Good question Kevin, And it all depends on your personal situation. Congratulations on the up coming event! Big changes are in the wind for your family. I am a firm believer that there are always good deals to be had in real estate. Even at the top of...

Buying or Selling a Home: Should I buy this year? Or keep renting?, jessica bryan, low interest rates
jessica bryan, low interest rates, tidy profit: Dear Kevin; Of course I don t have a crystal ball to know for sure; but all indications suggest that the market will become stronger...soon. If that happens prices will soar and interest rates will also go up. This is an ideal time to buy! You can take...

Buying or Selling a Home: buyer, states real estate, real estate commission
states real estate, real estate commission, counter offers: Otis, If the asking price was $34,900 and you offered $40,900 with $3,000 to be deducted from that for your closing costs, that leaves a balance of $37,900 – which is $3,000 OVER the asking price. Granted, there may be some additional commission and other...

Buying or Selling a Home: buying a home, professional negotiator, leaky roof
professional negotiator, leaky roof, purchase transaction: Hey, Tony. Unfortunately, the person who is responsible for it is whomever chooses to be responsible for it. If the Seller chooses to be responsible, then he will fix it, have it fixed, or provide the Buyer with a lower price or escrow credits. If...

Buying or Selling a Home: Cancellation of escro, escro, contractual conditions
escro, contractual conditions, addendum: Hello Rhonda....here in Calif., you can cancel escrow anytime before escrow closes. You don t need to even say why....it s your escrow. Call the escrow office and tell them you want your $$ back....too bad for the sellers and agent...they sound suspicious...

Buying or Selling a Home: Capital Gains Tax, capital gains exclusion, capital gains tax
capital gains exclusion, capital gains tax, escrow agent: Hi Jeff. For the answer to the first question you will need to consult a real estate attorney or escrow agent - that is out of my field of expertise. As far as capital gains go, you have to be living in the house full-time (not renting it out) for at...

Buying or Selling a Home: Cert. of Occupancy questions, buying a fixer, money
buying a fixer, money, contractors: HI Mary, ... Whoa, that s just too much damage for us to undertake...we need to walk away...right? Yes.. that is the beauty of a physical inspection contingency... buys you time and gives you an out without jeopardizing your deposits... When you purchase...

Buying or Selling a Home: Changing the name on a title deed, right of survivorship, father names
right of survivorship, father names, wifes name: Dear Jeff; Thank you for your question… In regards to gifting you the house, there could very well possibly a State and Federal tax on that type of situation. On the other hand, if your wives mother would be allowed to be quit claimed onto the property...

Buying or Selling a Home: Changing the name on a title deed, father names, wifes name
father names, wifes name, title deed: Jeff, All tax questions have to be referred to an accountant or attorney as a real estate agent is not qualified to answer. Your wife s mother can quit claim the house to your wife. This can easily be done through an escrow company or attorney and you...

Buying or Selling a Home: Contingency sell, financial worries, purchasing a new home
financial worries, purchasing a new home, nori: Hi Karen, Thank you for your question. It depends on how the contract is written, but you may be obligated to sell. Please consult a real estate attorney. If it ends up that you have to sell, write back again and I will give you some advice on how to approach...

Buying or Selling a Home: Court dictating selling price of home, buying, selling
buying, selling, disclsoure: Hi Mary, You most certainly are not wrong in questioning things... you are getting ready to purchase the most expensive item you may ever buy... nothing wrong in asking... sometimes it is in the delivery and the staging of the question.... keep in mind...

Buying or Selling a Home: cleanouts, real estate foreclosure, outrageous salary
real estate foreclosure, outrageous salary, economic climate: Hey, Michele. When it comes to starting a business, and paying yourself, you have a lot of flexibility, but the person to help you with this in your specific state (and I don t know what state you re in) is a talented CPA. That CPA will be worth every penny...

Buying or Selling a Home: deed/promissory note, luck jim, local court
luck jim, local court, state bar association: JO ANN-- STEP ONE: Get a Lawyer! If you had the Contract written by one, he/she needs to help you out here! If no Lawyer was involved in the Contract between you & your Buyer,get one quickly. STEP TWO: Can t afford a Lawyer? Call the LOCAL LEGAL ASSISTANCE...

Buying or Selling a Home: How can I get my deposit back from escrow company?, escrow officer, jessica bryan
escrow officer, jessica bryan, appraisal report: Hello; Since you do not qualify for the loan any longer, (and assuming it is not because of something that you did to disqualify yourself) you should be able to get the deposit back. The contract usually includes under what conditions you can obtain a full...

Buying or Selling a Home: earnst deposit, contingencies, failure
contingencies, failure: Hi Addy- Thanks for your question. Can you be more specific? You can possibly withdraw your offer, depending on your contract and/or there are usually some other outs via contingencies. The only sure-fire way to lose it is just plain failure to perform. Hope...

Buying or Selling a Home: Lease Purchase Nightmare, cat and mouse game, memphis tennessee
Buying or Selling a Home: Lease Purchase Nightmare, cat and mouse game, memphis tennessee, single mom

Buying or Selling a Home: Responsibilities of the Closing Attorney, insurance attorney, home buyers
Buying or Selling a Home: Responsibilities of the Closing Attorney, insurance attorney, home buyers, doctors

Buying or Selling a Home: Grant Deed, grant deed, separate property
grant deed, separate property, joint tenants: Lori, You can have the deed changed from joint tenancy to tenants in common or whatever you all feel is best. An agent cannot advise you as to which is the right one for you but it can be easily changed as long as everyone is in agreement. Hope this...

Buying or Selling a Home: House selling get out of contract, attorney assistance, luck jim
attorney assistance, luck jim, breach of contract: PATRICK-- What the Buyer can do to you for Breach of Contract , if anything, as well as your options are limited to the Contract between you and the Buyer of your Home!Without reading and an analyzing the Contract I m without a clue! All I can tell...

Buying or Selling a Home: joint ownership of retaining wall, real estate broker, climbing the wall
real estate broker, climbing the wall, foot level: Believe it or not, Yuki, this is not a real estate question you posed. It is one that you should present to your real estate attorney. The original agreement was created by an attorney and only an attorney can address it or alter it, certainly not a real estate...

Buying or Selling a Home: Lease Purchase Nightmare, lease option, renting
lease option, renting, selling: Hi Tony, I don t know exactly what your contract reads with the seller on the property in question... keep in mind that a lease option, in general will cost more than a straight purchase... you are asking the seller to wait out the selling time frame......

Buying or Selling a Home: Listing agreement, Agency, representation
Agency, representation, client: Hello Denise - The National Association of REALTORS (NAR) Code of Ethics is only enforceable against Members of NAR. First, you must determine if she is a member, and you can determine this by visiting Realtor.com. If she is a member, then it is quite possible...

Buying or Selling a Home: loan officer uses her dad to steal 1/2 comission, N.A.R., Code of Ethics
N.A.R., Code of Ethics, Commission: Hello Greg - I apologize for the delay in my reply. This is a great question! It raises a number of issues... but let me answer the question, then I will discuss the other details. ***** You said This caused the original agent to loose 1/2 the comission to...

Buying or Selling a Home: Marketing in another state, ranch realtor, equine facility
ranch realtor, equine facility, living quarters: Do you have it listed with a Farm & Ranch Realtor? That would be my first choice. There are lots of places to advertise and market horse properties, we always have an ad running in those specific areas and distribute to a cliental that is in that business...

Buying or Selling a Home: making an offer on home, home inspection, realtor
home inspection, realtor, disclosure: I am not sure where you are located, but in our area, the tax value is usually under the actual value of the home. As far as repairs, I hope your REALTOR advised you to get an inspection prior to purchase. Also the Sellers Disclosure should show anything that...

Buying or Selling a Home: mobile home title, title question, finance companies
title question, finance companies, finance company: Chase and the title company carry all the responsibility for this! Escrow should NEVER have been closed until the title was in their possession. In my opinion, you re done...they are all responsible for the aftermath of a poorly handled deal. By the way,...

Buying or Selling a Home: Need a realtor, escape clauses, public open houses
escape clauses, public open houses, gut instinct: Dear Gae: Now is a great time to switch. After a year, you probably need a change. Unless, of course, you have been ignoring your present realtor s suggestions about staging for showing, reducing the price to be the best on the market not just in competition,...

Buying or Selling a Home: new to home buying, first time buyer, buying
first time buyer, buying, selling: Hi Pan, 1. Your best to find out exactly how much mortgage you can afford is to speak with a mortgage broker in your area. You have a good down payment, but your income is slight… so you really need to see a professional to get your numbers put to paper...

Buying or Selling a Home: Property Ownership, person by name, county recorder
person by name, county recorder, property ownership: There are at least a couple of ways, Emmett. First, you can call up a Title Company in your area, or drop by their office, and ask them the question. They should not have to charge you for this. They merely look up on their computer screen for the answer....

Buying or Selling a Home: Purchasing Tx. mobile home, no title., mortgage company, bill of sale
mortgage company, bill of sale, private land: This headache is more than you should bear. If she cannot give you a title upon buying the property, walk away. Her attorney who represented her in the divorce should have been able to get her the title along with possession. There is something she is not...

Buying or Selling a Home: problems right before closing, loans, FHA
loans, FHA, buying: Hi Gigi, The bank told you your were approved, but I would guess that they had stipulations that had to be meet, either from you or the property in order to fund the loan - that is the real approval... if something did not come in the way the bank wanted...

Buying or Selling a Home: Quick Clean (or Claim?) Deed, quiet clains, name transfers
quiet clains, name transfers: Hi Margaret, The paperwork you are looking for is Quiet Claim Deed, it will transfer the title from you to someone else... you are still responsible for the loan if you have on... I believe in the UK you use Lawyers? they should have access to the...

Buying or Selling a Home: Referral for Vista area?, mobile home sales, vista area
mobile home sales, vista area, luck mike: Hi Pam, You should NOT pay a fee to sell your home. Buyers pay all fees! This means escrow, inspections, HCD, the works. It s called a NET listing, and I would insist upon it. Do not use a realtor ...they are not well versed in this type of home sale....might...

Buying or Selling a Home: Refinance Document Changes, good faith estimate, document changes
good faith estimate, document changes, legal expert: If the .5 buy down was on the good faith estimate and you signed it, I believe it was a legitimate error that it didn t end up on the closing documents. It s a little strange that they don t require a notary, and this could be a RESPA violation, you should...

Buying or Selling a Home: Refinance rental to owner-occupied, balloon payment, loan process
balloon payment, loan process, investment property: Hi Steve, good questions. You will have to occupy the property to refi as owner-occupied. You may be able to start the loan process before moving in, but that can be answered by a lender. There really are no potential problems as you state. It is pretty...

Buying or Selling a Home: Reinstating 1st T.D. without Foreclosing On 2nd, foreclosure action, california trust
foreclosure action, california trust, notice of default: If you reeeeeally want to put the seller s mind at ease, then you do this: Execute a grant deed (warranty deed in some states or a quit-claim deed) to him, have it notarized, too. Then give it to him to put in a safe place. He is NOT to record it. If he...

Buying or Selling a Home: Rent to own, hey linda, apparent problem
hey linda, apparent problem, verbal agreement: Hey, Linda. Renting to own is a very complicated process, so if the only document they ve signed is a lease agreement with no provisions for renting to own, they re not renting to own. If you have a verbal agreement for them to rent to own, it may or may...

Buying or Selling a Home: Repair Allowance, mortgage company, half a dozen
mortgage company, half a dozen, paperwork: That is pretty much 6 of one half a dozen of the other. I don t think it hurt your chances any, you have the option of walking away since there seems to be a lot of repairs. Or, you can ask that the repairs be made ahead of time. But giving you the money for...

Buying or Selling a Home: Responsibilities of the Closing Attorney, title insurance company, jessica bryan
title insurance company, jessica bryan, warranty deed: Dear Mike; It is the closing attorney s responsibility to check the information on the warranty deed but it is not their liability if there is a problem. The attorney clearly made an error but since you signed and therefore accepted everything it is your...

Buying or Selling a Home: real estate license, jessica bryan, georgia real estate commission
jessica bryan, georgia real estate commission, real estate license: Dear Debra; I am not sure what the laws are in Georgia but I can say that unless you have a Broker s license you must work for a broker just about anywhere in the U.S. Here in North Carolina all agents are required to be brokers but even then they must have...

Buying or Selling a Home: Selling 2nd home, lease option, rent to own
lease option, rent to own, land contract: Hi Tom - I thought I answered this question a long time ago, but just realized it still showed active in my account, so my sincere apologies if you didn t get the answer which is YES this guy is full of bunk. Agents who don t understand lease options...

Buying or Selling a Home: Selling Before Probate?, probate, selling
probate, selling, attorney: Hi Elizabeth, My condolences on your situation... you will be hard pressed to close without clear title unless the buyer is doing a cash transaction... I would be the noisy clog in the wheel on on the attorney and get an answers you need... If he...

Buying or Selling a Home: Selling part of a jointly owned property, siblings, family members
siblings, family members, dick: As long as you are fee simple owners of your share of the property, you may dispose of it in any fashion you choose. Just make sure the people you sell it to know that what you are conveying to them is only a share of the property. However, I strongly suggest...

Buying or Selling a Home: Selling rental property, control ordinances, foley
control ordinances, foley, rental house: Dear Karen: That question is regulated by the municipality in which the property is located. Call the city hall, and they will be happy to explain what their laws are with reference to what you must do. Some cities have rent control ordinances, and some...

Buying or Selling a Home: Stay or Foreclose, uncommon dilemma, credit card debt
uncommon dilemma, credit card debt, california broker: Yours in not an uncommon dilemma, Becky. As a California broker, I have been helping people to modify their mortgage balances and it might be possible to do the same for you. My experience has been that banks are indeed reluctant to modify the loans for their...

Buying or Selling a Home: Stimulus credit on home purchase- 2008 version vs 2009 version, stimulus package, exact language
stimulus package, exact language, first mortgage: Hi Justin, good question...and we would all like the answer to this one. Unfortunately, until the exact language of this bill is out and we have all had time to read and understand it, I cannot answer that question. My advice to you would be to ask this...

Buying or Selling a Home: Taxes due on real estate sale, capital gains tax, proper advice
capital gains tax, proper advice, real estate sale: First, Susan, you have to establish the value of the property at the time of your mom s passing. Divide that in two. And that is your tax basis. You would then be responsible for any capital gains tax from that point. This is just superficial. I strongly suggest...

Buying or Selling a Home: Terminating Sales Agreement, leasing agents, jessica bryan
leasing agents, jessica bryan, termination of contract: Dear Helen; Unless the agreement states that you cannot take it off the market then you can do so. As for leasing, I would discuss this with the agent and tell them what you are planning to do. Chances are the agent will be fine with it since most residential...

Buying or Selling a Home: no title on mobile home, jessica bryan, dear henry
jessica bryan, dear henry, title company: Dear Henry; If the people didn t have the title on the mobile home find out who does have title and request that they transfer title to you. You may need to consult an attorney or title company for this information. Once you find out who does have title...

Buying or Selling a Home: Unethical selling agent, jessica bryan, board of realtors
jessica bryan, board of realtors, real estate commission: Dear Meghan; I am sorry that you found someone who was so unethical but there are things that can and should be done. First of all you should file a complaint with the local Board of REALTORS and then with State licensing agency: The State Real estate commission....

Buying or Selling a Home: VA Loan, buying home in maryland, home buying
buying home in maryland, home buying, home buying process: Hi Malik, I answered this question a couple days ago and it looks like it did not register in the system - sorry for the delay! Yes, the $2500 is for what is called an earnest money deposit, which shows the seller that you are serious about purchasing...

Buying or Selling a Home: Adverse Possession, signature approval, adverse possession
signature approval, adverse possession, county assessors office: A quit claim deed is signed by a current owner of a home and relinquishes their rights to the home. In that situation, the bank would have been the one to sign the quit claim, not you. If you signed a quit claim it means you are saying you give up rights...

Buying or Selling a Home: Advice on selling our house, stay at home mom, real estate broker
stay at home mom, real estate broker, hardwood flooring: Dear Holly; It seems that what you should do is talk to a real estate broker in the area who could evaluate the home and the situation. This is a good time for buyers to look at homes and with some of the incentives for first time buyers as well as low cost...

Buying or Selling a Home: Assumable Loans, las vegas, real estate
las vegas, real estate, mortgages: There are really no such things as assumable loans anymore. FHA and VA loans used to be assumable with no qualifying, but VA stopped that in March of 1988 and FHA stopped in December of 1989. All FHA and almost all conventional loans have an acceleration...

Buying or Selling a Home: abstract, title abstractor, real estate questions
title abstractor, real estate questions, title examiners: Hi Deb, If you are referring to an abstract for title, this is something that should be done immediately prior to closing. In my area, abstracts done by title examiners are not filed as public record; and I am assuming that your area might be the same,...

Buying or Selling a Home: adding name to home title, quit claim, adding owners of record
quit claim, adding owners of record, title: Hello Jeff - I apologize for the late reply. Contact the Escrow Agent at the title/escrow company you used to buy your home. Tell them the situation and they should be willing to do a quit claim to add her to title at no charge. Normally there is anywhere...

Buying or Selling a Home: Backing out of contract, earnest money deposit, jessica bryan
earnest money deposit, jessica bryan, breach of contract: Hello Debra; If the contract has the limits of your monthly payment then you are not in breach of contract. There is no need to give up your earnest money deposit since the contract was contingent upon the P/I not to exceed $900. If they dispute it contact...

Buying or Selling a Home: Breaking a lease, break lease, lease terms
break lease, lease terms, purchase clause: Hello Karyn - If the contract does not provide any verbiage and the State s Landlord Tenant Act does not provide this option then it does not exist. I am not aware of any law stating this. The term that would allow a tenant to break a lease prematurely...

Buying or Selling a Home: Buyer stuck?, cash buyer, appraisal fee
cash buyer, appraisal fee, payed: Hi- Again it depends on how the contract reads. What I meant was you can ask anything and get anything but it has to appraise for most people to get their loan. If it hasn t appraised once, it probably won t again. Unless it s a cash buyer, it WILL matter....

Buying or Selling a Home: Buying half of someone's house, cash downpayment, bank financing
cash downpayment, bank financing, owner financing: Hello Justin, Thank you for your question. Sounds like a great opportunity. The easiest way would be to buy half of the house and pay cash and add new owner/s to title. Owner financing is a second option, but I see no benefit to the current owner....

Buying or Selling a Home: Buying a house with parents, lifetime savings, mortgage broker
lifetime savings, mortgage broker, immigrant family: Hi Ron, You can purchase the home WITH your parents, so your name is on the title AND the mortgage. If you tell the escrow company your intentions they can help you determine the best way to take the title so that when your parents pass away their ownership...

Buying or Selling a Home: Buying a second home, fha loans, fha loan
fha loans, fha loan, mortgage companies: These mortgage companies make their money from the discount points. The more of a risk the more they charge. Doesn t make sense does it? In years past the government backed those FHA loans and they were getting the sellers to pay those fees, and the price...

Buying or Selling a Home: breech or no breech, minute consultation, purchase contract
minute consultation, purchase contract, carport: Hey, Wilma. That varies state by state, but even if I knew what state you are in, there are so many variables involved, such as what kind of title insurance you have, what the title actually says, what he knew and disclosed, what you knew or thought you...

Buying or Selling a Home: why is buying a home considered a second home when i am renting a commute apartment?, rio vista ca, loan counselor
rio vista ca, loan counselor, purchase agreement: Hi Catherine- Thanks for the question however I think you might get the best answer from a tax professional. In my opinion, the tax credit was established to encourage people to buy and own homes. As this is the only home you will OWN it seems to me that...

Buying or Selling a Home: buying a house, chula vista ca, professional home inspection
chula vista ca, professional home inspection, boom times: Hey, Elsa. I don t understand what you mean by the main supply needs to be replaced. Was the drainage slow throughout the house, or was it localized to one bathroom, or even one toilet, sink, bathtub, or shower? Mold has been found everywhere on...

Buying or Selling a Home: buying a property with easement, easements, waterfront
easements, waterfront: Esther, There are many different kinds of Easements. You ll have to find out what kind of an easement it is. Since it is waterfront, it could be an easement for people who live in the subdivision to get down to the water or it could be a utility easement...

Buying or Selling a Home: Cancellation of Purchase Offer, email response, department of real estate
email response, department of real estate, mr dennis: You may cancel at any time as long as the other party has not accepted your offer, Peter. You have proof that you have cancelled with your email and his email response saying he will return your deposit. Take those two copies to his office manager and ask...

Buying or Selling a Home: Capital Gains on Sale, house sale, capital gain
house sale, capital gain, granddaughter: This is outside my expertise, Garry. I strongly suggest your granddaughter consults an ESTATE (not real estate) attorney. He/she will be able to answer your question. As you can see now that is very important to see that attorney before all this happened,...

Buying or Selling a Home: Changes made to deed while under contract., insurance premiums, storage buildings
insurance premiums, storage buildings, month and a half: The seller cannot, should not, must not make any changes to the deed or condition of the property after the buyer has made his offer based on the representation. Yes, yes, and yes!!! This is a case for a good real estate attorney, Ronnie. Absolutely do not,...

Buying or Selling a Home: Checking for lien on title, bank repo, giving me a hard time
bank repo, giving me a hard time, tax clearance: Hi Dave....you are right to be concerned. The best way to do this is to go through escrow! The escrow company does all this on your behalf. Escrow should only be about $400-500. If this is not an option, you can try to go to the state s website, find the...

Buying or Selling a Home: COUNTER OFFER, jessica bryan, buying a bank owned home
jessica bryan, buying a bank owned home, closing cost: Dear Heather; Once an offer or counter offer is signed by both parties it is a contract. In this case the bank signed the counter offer and once you signed it; it became a contract. I suggest that you go back to your REALTOR and discuss this with him/her...

Buying or Selling a Home: capital gains, 203k rehab loan, fha 203k
203k rehab loan, fha 203k, capital gains tax: Capital gains tax? This is NOT a question for a Real Estate Professional, but should be submitted to an Attorney who specializes in Tax Law, a Certified Financial Consultant and/or a CPA! He doesn t want to hassle with getting it ready? If he s willing...

Buying or Selling a Home: coop sales, coldwell banker real estate, capital gains tax
coldwell banker real estate, capital gains tax, coops: Hello Ralph, Thank you for your question. Capital gains are taxed at 15%. If this is your primary residence you would be able to take advantage of the capital gains deduction of 250,000 for singles or 500,000 for couples. So, based on your numbers,...

Buying or Selling a Home: getting my deposit back, earnest, deposit
earnest, deposit, refund: Hello Nitza - You must check the wording in your contract. In Arizona there is a finance contingency built into the contract which in the event a buyer is unable to qualify for the loan they would be entitled to a return of your earnest money (unless there...

Buying or Selling a Home: deposit on contract, home contract, earnest money
home contract, earnest money, downpayment: There is not a typical deposit. It is up to the two parties to negotiate that. The reason it is called earnest money, is it shows how earnest the buyer is about buying the home. The seller is willing to remove the property from the market while you close and...

Buying or Selling a Home: downpayment and closing cost assistance, first time homebuyers maryland, buying home maryland
first time homebuyers maryland, buying home maryland: Many home sellers in this market are willing to help with your closing costs and you can make that part of the sales price. As far as downpayment assistance, there aren t any current programs that are available. Some members of Congress are trying to make...

Buying or Selling a Home: equity gift to my daughter, house tax, mortgage banker
house tax, mortgage banker, tax expert: You are allowed to gift $13,000 EACH ($26,000), Frank, in equity at this time. Since that figure is different than what the banker told you, I recommend you talk to a CPA or tax expert to make sure you do this right. As long as you are within that $26,000...

Buying or Selling a Home: FAR/BAR, seller warrants, traditional contract
seller warrants, traditional contract, cosmetic issues: Dear Carolyn: The most important thing is that you were released from the contract. The next important thing is not to buy anything unseen. In California there is no thing as the as is , unless it is stated and signed by all parties that the seller is...

Buying or Selling a Home: Failure to sign sales offer acceptance, deceased brother, estate matter
deceased brother, estate matter, legal matter: The fact that you received a full-asking price means you and she owe the Realtor a commission. Yes, even though there is no completion of sale. So, when you go to consult your real estate attorney to settle this matter, he/she will verify that. This is more...

Buying or Selling a Home: Filing a Complaint, referral fee, procuring cause
referral fee, procuring cause, agency: Hello Les - You always have the right to file a complaint. There is more than one potential violation in your question. Article 16 interfering with another REALTORS agency relationship is only a violation of the Code of Ethics if the buyer has a contractual...

Buying or Selling a Home: Selling a house while on Social Security, social security check, social security
Buying or Selling a Home: Selling a house while on Social Security, social security check, social security

Buying or Selling a Home: Terminate a lease early, mid way, scammers
Buying or Selling a Home: Terminate a lease early, mid way, scammers, renter

Buying or Selling a Home: finding a buyer who needs a very large old home, dialysis center, sewing room
dialysis center, sewing room, assisted care: Dear Pamela; Thank you for your question. The first thing you may want to do is depending on the state in which you reside, contact the state and local offices for assisted living, or care facilities to investigate the requirements needed to start a...

Buying or Selling a Home: firing an agent when buying, buyer agency agreement, breach of contract
buyer agency agreement, breach of contract, agreement contract: Hi Sharon, I apologize for the delay in responding. I just received a reminder from the All Experts’ system of your pending question and have no explanation why your original question did not come through. First, if this agent is representing you, especially...

Buying or Selling a Home: foreclosure, probate judge, sun city ca
probate judge, sun city ca, sayso: First, Elizabeth, what do you have to do with the property? Two days prior to the actual sale date? What sale date? The probate? The foreclosure? A regular sale? Why are you paying the HOA fees? The lender on the mortgage can pull away from their foreclosure...

Buying or Selling a Home: foreclosure cleanup, asset management company, bank owned properties
asset management company, bank owned properties, local real estate: Hi Mike - I would call other businesses in your area, saying you are pricing their services for an asset management company and see what they re charging. Then you know how to be competitive. Every market is different and you need to know what s going...

Buying or Selling a Home: Home Loan Refinance, closing cost estimate, home loan mortgage
closing cost estimate, home loan mortgage, escrow account: Don t feel pressured, unless you agreed to pay fees for appraisal, etc then you can t be held responsible for them. It s their responsibility to honor their original loan terms. Tell them you re not going to follow-through with it unless the original terms...

Buying or Selling a Home: what kind of loan should I get?, variable interest rate, bridge loans
variable interest rate, bridge loans, home equity loan: Hi Jo, As long as your credit score is good and you have enough income to satisfy a lender’s requirements to meet the monthly payment obligation, I certainly think your scenario for financing is feasible. Lenders LOVE buyers who go in with a 50% or more...

Buying or Selling a Home: Land Contract, contract question, land contract
contract question, land contract, purchase insurance: In most states, Vicky, should the buyer not make the payments agreed, the seller has to file a foreclosure process if the seller wants to protect his/her rights. And any costs you incur in the process, like the insurance costs or any other costs that were...

Buying or Selling a Home: Limited New Home Warranty, Help Understanding, Warranty on a new home
Warranty on a new home: Dear Trish; Thank you for your question regarding a “Limited Home Warranty” Being a Realtor in California, to my knowledge the Builder/General Contractor is responsible for a period of 10 years from the close of escrow for latent defects in material...

Buying or Selling a Home: Low appraisal, future sales, new construction
future sales, new construction, bernstein: Tony, The appraiser is not finding comps to justify the price you are paying therefor the bank will not give you a high enough loan. Your options are to pay the additional amount in your down payment, try negotiating with the builder to lower the price...

Buying or Selling a Home: Misrepresentation of Sewer Issue, rotorouter, clay tiles
rotorouter, clay tiles, sewer problems: Hello Yotoden, Disclosure deals with known structural defects or functional problems. If a problem has been to the Sellers best information, repaired, there is always a question as to if it should be disclosed or not. I have had a similar problem myself...

Buying or Selling a Home: Mobile Home Title Transfer, mobile home broker, mobile home park
mobile home broker, mobile home park, mobile home sales: Actually, Laura, this is not a real estate problem. Assuming it is in a mobile home park, this is more a DMV problem. However, I strongly recommend you consult with a Texas estate attorney to make sure this all transpires properly. The attorney would be able...

Buying or Selling a Home: Mortgage rates, verbal authorization, verbal contract
verbal authorization, verbal contract, verbal agreement: Hey TOM-- Signing a Lock-In Agreement is like signing a Contract-- the Lender is committed to giving you the Note Rate that he/she is locking in for you & can t raise it. On the other hand,you are committing to accepting that Note Rate even if market...

Buying or Selling a Home: misrepresentation, legal recourse, jessica bryan
legal recourse, jessica bryan, appraisal fees: Hello Patricia; If a property is under contract and the Seller is unable to deliver the property there are certainly damages that should be considered. A buyer has every right to expect to be reimbursed for the expenses they incurred acting on good faith...

Buying or Selling a Home: misrepresentation, multiple listing service, hard feelings
multiple listing service, hard feelings, local real estate: Your questions is confusing, and I do not quite understand what you mean. Therefore, I am going to have to do some guess work. Please email me back if I am guessing wrong and clarify your question so I can be of greater help. The word misrepresentation...

Buying or Selling a Home: morgage, cosigner, uper
cosigner, uper, loan credit: Hi Tiffany, no matter what the loan or who is on the loan CREDIT is the key. The best thing to do is make a new loan application with your new co-signor and see if you can qualify for the $15,000 home. You would have less down since the purchase price is...

Buying or Selling a Home: move while mortgage is upside-down, current mortgage, real estate agent
current mortgage, real estate agent, foreclosure: Hi Adam, yes you can try and sell you home as Short Sale. This would mean you would ask the lender to take less than you owe, thus the term short sale. Many lenders are doing this so the owner can sell the house and avoid a foreclosure. There are steps...

Buying or Selling a Home: Do I need a lawyer to purchase a friends home?, jessica bryan, elderly neighbor
jessica bryan, elderly neighbor, executor of the estate: In order to sell an estate all legal owners must agree on the sale. The only way around this is if they have signed over power of attorney to the executor and have specifically stated in the power of attorney that the holder of the PA is able to sell all or...

Buying or Selling a Home: nondisclosure of property (retaining wall) problem, small claims court, legal remedy
small claims court, legal remedy, disclosure laws: Hi Christine, Being only licensed in Virginia and Washington DC, I am not familiar with your California Contract - Disclosure Laws. You did not say if in your Contract to Purchase there is a contingency for Home Inspection and if you performed one. While...

Buying or Selling a Home: Can we offer to buy a home that someone else recently purchased?, dear anne, idea what kind
dear anne, idea what kind, appt: Dear Anne; I assume you are still in backup position. If you were able to find out who the buyers are in primary position as mentioned in my previous message, (that is no easy process) you can approach and make your offer. At that time if they were to accept...

Buying or Selling a Home: old house no c/o, town of islip, snow storm
town of islip, snow storm, 60s: Hi Ken, Hope you are surviving the snow storm..... Thank you for your question. C/os were not common until the 60s and 70s. It is likely you bought your house without a CO. You may have gottne a predate letter at the time. If not, the building...

Buying or Selling a Home: Who owns this land??, court house, title company
court house, title company, quay: Pin the location down, Quay, and then take that information to a title company. I am sure they will oblige you with the proper identification and owner. You might find that it is part of the next-door property and that is why you did not have any luck. I wish...

Buying or Selling a Home: Property damage, floor tiles, contractual agreement
floor tiles, contractual agreement, government assistance: Hi Kristina; Okay...so I m confused. You said in your first note that she is NOT helping you sell the home. If she is in fact your listing agent then I can understand why you are upset and holding her responsible. Certainly she should share responsibility...

Buying or Selling a Home: Question about rental property, prospective home buyers, property question
prospective home buyers, property question, real estate agencies: Hello Tanya, Good to hear from you and you are making the right choice. Just figure out times you can take the kids out to shop or to the park or to eat and tell the landlord/real estate a schedule. All buyers are accompanied by licensed real estate...

Buying or Selling a Home: question, earnest money, karima
earnest money, karima, bernstein: Dear Karima, There is nothing wrong with the seller disclosing another offer price. He has the right to try and get the highest price possible. I know it doesn t seem ethical but there is nothing you can do in California. Sorry I can t give you a better...

Buying or Selling a Home: question, legal restriction, jessica bryan
legal restriction, jessica bryan, earnest money: Karima; I assume that the family member was buying another home that was the same size and asking price which would explain why the Seller would tell them what you had paid. The reason the seller would do this is because he wanted them to understand that...

Buying or Selling a Home: Real Estate Questions, real estate questions, mortgage commitment
real estate questions, mortgage commitment, routine requirements: Hello Kristin, Thank you for your question. Has the buyer gotten their mortgage commitment or only been preapproved? If the time allowed to get the mortgage commitment has come and gone without a timely written request for an extention you can cancel...

Buying or Selling a Home: Real Estate Seller disclosure requirements in Arizona, bank owned, home inspection
bank owned, home inspection, buyers agent: Hi Mary - I used to live in Chandler, Arizona but I m not familiar with the term SPDS. As far as the home inspection goes, yes in most states the seller is required to disclose any known issues with the property, but that only applies to a seller that has...

Buying or Selling a Home: Return of, jessica bryan, faith deposit
jessica bryan, faith deposit, foreclosure property: I don t know why there should be a statue of limitations since you asked for the money back and have been waiting all this time. If you have a question about your rights in your state (since laws differ from state to state) you may have to check with an attorney....

Buying or Selling a Home: realestate disclosures, real estate disclosures, county ordinance
real estate disclosures, county ordinance, continuous basis: As far as the harassing neighbor is concerned, Lydia, there is nothing in the seller s disclosure that requires him to inform you about that. It s one of those neighborhood things that would require you to do your own investigation. If the seller lied on...

Buying or Selling a Home: release of deposit money, earnest deposit, breach
earnest deposit, breach: Hello Harold - Remembering I am not an attorney, this language would indicate that the buyers failure to provide the funds along with failure to perform would constitute a breach. What it doesn t say however, is the procedure that needs to be followed to enact...

Buying or Selling a Home: rental/investment property, hey rita, bank banks
hey rita, bank banks, consistent returns: Hey, Rita. Rental properties are great ways to get consistent returns on one s money. Generally, yes, you can borrow from the equity in your own home to buy another property. Real estate investors and landlords do it quite often, and that is how many...

Buying or Selling a Home: renter defaulted, small claims court, treasurers office
small claims court, treasurers office, lease agreement: Hi, Sorry to hear that your tenants disappeared on you. If your tenants have left the area and owe you money, this doesn’t sound good at all. The terms of your Lease agreement will dictate remedies you are entitled to by law, in addition to any of your...

Buying or Selling a Home: repo pending house, dear esther, jessica bryan
dear esther, jessica bryan, mobile homes: Dear Esther; This is not a term that we use for homes unless they are mobile homes. In that case it could be a repo (like a vehicle repo). In a home it is a foreclosure or a short sale if the foreclosure has not happened yet. I suggest that you call the...

Buying or Selling a Home: rights as a home seller, true market value, tile floors
true market value, tile floors, educated guess: Deborah, Tucson is a lot better off than Phoenix and should benefit from any upturn in the market. My MLS system does not extend to Tucson, so I cannot comp it. Do you have a Realtor? If not, I will put you in contact with a good one down there. Nori ...

Buying or Selling a Home: Seller Agent's Communication with Seller, asset management company, real estate commission
asset management company, real estate commission, power of attorney: Hi Laura, The real estate laws where I live and work require that ANY WRITTEN OFFER (counter offer, addendum, etc.) shall be presented to a Seller or Buyer, whichever is the case. You would need to check with the Real Estate Commission in Alabama to see...

Buying or Selling a Home: Seller's side holding up closing, loan docs, contract states
loan docs, contract states, minimum time: Questions: 1. Isn t the seller ultimately responsible to produce a title even if they have a 3rd party Rep.? I m not really sure what a third party rep is for title. Whoever is listed as the title agent on the contract is responsible. Call that person...

Buying or Selling a Home: Selling a house while on Social Security, time andrea, social security payments
time andrea, social security payments, answering your questions: Answering your questions one at a time, Andrea: If you have lived in your house two of the last five years (any two), and you have not had a capital gain of more than $250,000 or $500,000 if your are married and filing jointly, then you need not be concerned...

Buying or Selling a Home: selling a modular home in ohio, professional party, interested buyer
professional party, interested buyer, craiglist: Don t be penny-wise and dollar-foolish, Josh. In this kind of market you are very fortunate to have found a buyer. So, to make sure everything goes well and the buyer is able to get into the house and you can get on with your lives, get yourself a REAL ESTATE...

Buying or Selling a Home: Back Tax Home Purchase, eviction, title search
eviction, title search, tax liens: well you still need to get the property, and decide if the condition is something you can handle, look into evictions if the property is occupied, know your tenant - landlords codes and laws... look into zoning or code violations... there is quite a bit to...

Buying or Selling a Home: Terminate a lease early, time home buyer, first time home buyer
time home buyer, first time home buyer, competent advice: Hi Duc- Thanks for your question. Congratulations on wanting to become a homeowner and this is definitely the time to do it! Unfortunately, a lease is a contract and you have contracted to lease the condo until 2/2010 whether you are buying a home (for the...

Buying or Selling a Home: telling purchaser the appraised value, Appraisal, appraised value
Appraisal, appraised value, value: Hello Jan - This question requires more than one answer. First, your parents are not obligated to disclose the appraisal exists or the appraised value unless it validates the price they are asking for the home. It is understandable that your parents desire...

Buying or Selling a Home: Under contract for over 2 weeks, baldwin county, chattanooga tn
baldwin county, chattanooga tn, joe public: I am not sure I am understanding your situation or your question, Christl. If it is what I think it is, just be patient. Your Realtor was correct, Christl. Just be patient. If you don t want to wait, just go out and find yourself another house you will like....

Buying or Selling a Home: vacating after closet of escrow, luck mike, purchase agreement
luck mike, purchase agreement, good question: Lisa...good question. Your risks are many! You have no assurance that the other party WILL move. This should only be agreed upon, if your ok with it, with instructions to escrow not to disburse funds until all the conditions have been met....ie, seller...

Buying or Selling a Home: Waht kind of loan should I get?, jessica bryan, home equity loan
jessica bryan, home equity loan, bridge loans: Dear Jo; since banks have become so conservative with lending, they want to make sure that you qualify for a loan. With your existing home being paid off I would say that you should talk to a lender right away and get a home equity loan or a line of credit...

Buying or Selling a Home: 2nd Lien, owner finance, free consultation
owner finance, free consultation, thanks in advance: Hey, Alan. The answer varies widely in all states. You might not necessarily be out, but you might also have to fight hard for it. The best thing you can do at this point is to contact a good real estate attorney. Most attorneys in Texas provide either...

Buying or Selling a Home: Advise about misleading disclosure, cracks in the walls, cracked foundation
cracks in the walls, cracked foundation, repair estimates: Hi Charlie, I’m sorry to hear that you are experiencing such an expensive problem. My suggestion regarding your attorney’s statement that ‘a lawsuit will be very expensive for you’ would be to ask your attorney if you can request that the former Sellers/Realtors...

Buying or Selling a Home: Age of Mechanical Systems, contingency period, professional home inspector
contingency period, professional home inspector, ac unit: Dear Nathan: YOu should consider yourself fortunate that you learned about this prior to ownership. At this point, you cannot force her to replace anything, all you can do is to negotiate at a lesser price. I am questioning the fact that you had an inspection...

Buying or Selling a Home: asking out of an exclusive listing contract, mls listing service, jessica bryan
mls listing service, jessica bryan, agent representation: Dear William; Since I don t have a copy of the contract to review and cannot give legal advice, you should first try to discuss what you would like to do with your agent and the brokerage. Then, if you are not satisfied with the answer you should seek legal...

Buying or Selling a Home: Bought a Lemon, due diligence, free consultation
due diligence, free consultation, home inspections: Hey, Wendi. You didn t say whether or not a home inspections was conducted on your sister s house. If not, she might be faulted for not having done all her due diligence. I haven t been able to find out what the statute of limitations is for home inspections...

Buying or Selling a Home: Building on existing lot with man. home, mobile home dealer, existing home
mobile home dealer, existing home, manufactured home: Dana...If you own the land, you can do what ever you want with the home, however, parks generally want new homes installed. This would be difficult to sell to someone else unless they also owned a lot. The market conditions are slow, but it s always about...

Buying or Selling a Home: Buyer wanting to fire realtor, buyer with a bad agent
buyer with a bad agent: Dear Buyer; Thank you for your question. This is not as uncommon as one would think when working with a Realtor. The one thing a buyer should remember is that the Realtor is about to earn a great deal of money for their efforts in representing you. For...

Buying or Selling a Home: Buying delinquent property taxes, delinquent property taxes, tax delinquent properties
delinquent property taxes, tax delinquent properties, delinquent taxes: How it usually goes, Maria, is when you buy the property because of delinquent taxes (you re buying the property from the county in which the propery is located), some states allow the former owner a set amount of time (depending on the state how much time)...

Buying or Selling a Home: Buying a estate property, mortgage co, numbskull
mortgage co, numbskull, credit scores: Unfortunately, Sheila, you apparently bucked up against an incompetent Realtor. Any Realtor worth his or her salt would keep you advised all the way through this matter. If it was me, I would have got on a plane, if necessary, to get those heirs to sign on...

Buying or Selling a Home: Buying Mom's house (with a twist), irs rules, stupid mistake
irs rules, stupid mistake, steady job: Easy problem to solve, EJ. First of all, you say that the property has gone UP in value? That is a strange thing to hear these days. Where is the property located? What you need to do, EJ, is to have her sell you the property, giving you credit for the...

Buying or Selling a Home: Buying a mobile home, tax clearances, escrow
tax clearances, escrow, mobile home: Hello Carly, My suggestion will always be to go through an escrow company. Unless you have the time and ability to check tax clearances, lienholders, and other property issues....$500-600 is a very reasonable fee. They will do all the registration and title...

Buying or Selling a Home: Buying a triplex, buying, selling
buying, selling, income: Hi Kristin, Congratulations on wishing to be a property owner. You need to take a few steps back and do your homework before you dive into the world of income property. There are a number of items you should really look at... You mention that you cant...

Buying or Selling a Home: best and final offer versus higher counter bid, multiple offers, negotiate the best possible deal
multiple offers, negotiate the best possible deal, negotiations: Dear Melinda; Congratulations on getting two offers on your home… In multiple offer situations you are absolutely correct not to scare the either or both offers away due to trying to get a higher asking price. You should listen to your agent, but here...

Buying or Selling a Home: building a house, real estate, land
real estate, land, homes: Hi Jason, I would definitely look in to getting a construction loan. There are very few lenders giving money on land these days, so the interest rates are high and you probably won t be able to borrow as much as you will need to complete a home. With a construction...

Buying or Selling a Home: Canadian buying in California, opening a trust, capital gains tax
opening a trust, capital gains tax, quick reply: Technically it is supposed to be a total of 2 years out of the past 5 years, so if you only lived in it 3 months per year then it wouldn t qualify. If you lived in it 5 months per year it would qualify. Now I ve never heard of anyone getting audited on this,...

Buying or Selling a Home: Changes to deed while under contract, insurance premiums, storage buildings
insurance premiums, storage buildings, encroachments: Hi- Thanks for the question. In my opinion, this situation is a material fact which should have been disclosed to you and your input as to how it should have been handled should have been obtained. On the other hand, you most likely did not assume that you...

Buying or Selling a Home: Changes made to deed while under contract, contract question, insurance premiums
contract question, insurance premiums, storage buildings: Hello: That does change things. It seems that you knowingly, at some point, acknowledged that you did not know what you were buying, and hence the survey was necessary. The question then becomes, at what point after the survey was it decided by both...

Buying or Selling a Home: Common Area Persentage, large portion, dick
large portion, dick, improvements: It would seem, Mike, since they apparently have not built the additional phases, that the 6.94% is till valid. So, if you do buy that condo, you cannot say you did not know you didn t know about the change in percentage. If nothing else, it means you would...

Buying or Selling a Home: consequences of mortgage default and advisability, mortgage default, automobile loans
mortgage default, automobile loans, bankruptcy attorney: That is true, John. Walking away from a mortgage does not have to have anything to do with bankruptcy. In fact, you can keep the house and still do a bankruptcy. I was talking to an attorney the other day and in fact you can affirm any debt you may have...

Buying or Selling a Home: considering defaulting on mortgage, worst case scenario, economic climate
worst case scenario, economic climate, mortgage payments: Hello Bobbilynn, Defaulting on a home loan will probably end your chances at getting the another one for some years to come and in this economic climate, you don t want to do anything that will damage good credit that you have now. This loan you have is...

Buying or Selling a Home: contracts, jessica bryan, home doesn
jessica bryan, home doesn, asking price: Dear Becky; I suggest that you read over the contract and look for the clause that you are referring to. I have no idea what your contract says but if there is nothing mentioned in the contract then you will owe a commission to the REALTOR who listed your...

Buying or Selling a Home: decieved, fraud claim, wet floors
fraud claim, wet floors, private seller: Stephen...If you got a Federal Disclosure form signed, or used an escrow company, you will be ok. If not, you can go to court and file a fraud claim, but if the person is a flake , they might not care...although the judge could issue a Judgement in your...

Buying or Selling a Home: EARNEST MONEY, earnest money, purchase agreement
earnest money, purchase agreement, receipts: BE SURE TO KEEP ALL YOUR RECEIPTS FOR REPAIR AND WHEN THEY SUE YOU FOR POSSESSION OF THE HOUSE, BE SURE TO TELL THE JUDGE EXACTLY WHAT TRANSPIRED AND A COPY OF YOUR LEASE OR PURCHASE AGREEMENT. IF YOU DO NOT HAVE A COPY OF EITHER OF THOSE, THEN YOU ARE BEING...

Buying or Selling a Home: Falsifing Disclosure Statements, intentional misrepresentation, hydraulic cement
intentional misrepresentation, hydraulic cement, disclosure statements: Hi Jenifer, What you described is FRAUD, which is defined as INTENTIONAL misrepresentation. I am so sorry to hear of your problem, and this is the kind of thing that no one should have to put up with. The answer is, “Yes, if you can prove that the...

Buying or Selling a Home: Firing your realtor, tooth and nail, bic
tooth and nail, bic, realtor: Hi Chris, Sorry to hear you are having problems with your Realtor. If you don’t mind, please write back and be more specific so I can address your question properly. Let me know what your Realtor has failed or refused to do for you, and what actions...

Buying or Selling a Home: First time home buyer - short term, term greetings, principle and interest
term greetings, principle and interest, plumbing problems: Hello Bob, the market is in a place where prices are much lower than they have been in recent years. Buying a house right now is probably a safe and good investment. However, no one has a crystal ball and cannot predict how much equity you will see in 3...

Buying or Selling a Home: consequences of mortgage default and advisability, math skills, elementary arithmetic
Buying or Selling a Home: consequences of mortgage default and advisability, math skills, elementary arithmetic, zeros

Buying or Selling a Home: EARNEST MONEY, landlord tennant rights, licensed real estate
Buying or Selling a Home: EARNEST MONEY, landlord tennant rights, licensed real estate, phoenix arizona

Buying or Selling a Home: Help Please!, extra room, parto
Buying or Selling a Home: Help Please!, extra room, parto, extra cash

Buying or Selling a Home: Realtor for a new build, paperwork, contracts
Buying or Selling a Home: Realtor for a new build, paperwork, contracts

Buying or Selling a Home: Short sale processing fee, crybabies, realtor
Buying or Selling a Home: Short sale processing fee, crybabies, realtor, commissions

Buying or Selling a Home: seller agent's duties re: property disclosures, foreclosure properties, disclosures
Buying or Selling a Home: seller agent's duties re: property disclosures, foreclosure properties, disclosures, disclosure

Buying or Selling a Home: VA, fha loans, loan officers
Buying or Selling a Home: VA, fha loans, loan officers, provision

Buying or Selling a Home: Help Please!, ssi disability, avoiding foreclosure
ssi disability, avoiding foreclosure, question pool: SEE ADD-ON BELOW ORIGINAL ANSWER! Hi SKYLER-- I found this in the QUESTION POOL, and then found that you d sent this same question to about 8 of us Real Estate Experts. I read some of the answers, all were good suggestions! But MINE was BEST! You...

Buying or Selling a Home: Help Please, ssi disability, elderly father
ssi disability, elderly father, harry reids: Hello Skyler, I would contact Sen. Harry Reids office and ask for assistance 222-224-3542/1-866-sen-reid(736-7343) and/or go to hud.gov and look under Hope for Homeowners Program. We have a serious issue in Las Vegas and we need Sen. Reid and others to help...

Buying or Selling a Home: HOA not disclosed at time of purchase, home bottom, single home
home bottom, single home, money time: Hi JENNA-- Do we have a case and if we want to sue, who should we sue? You re asking for a legal opinion, advice and guidance! To provide you with that I would be practicing law by the very definition of Attorney or Lawyer! So, I CAN T answer those...

Buying or Selling a Home: Home Built over Public Sewer Line, foreclosure sales, sewer workers
foreclosure sales, sewer workers, city engineering: Hi Rosemary, When your Mother originally purchased, the owner/builder may not have realized the house was built over a sewer line and did not know in order to be able to disclose it. This is sometimes how these problems begin and carry forward until they...

Buying or Selling a Home: Home title not cleared, title insurance policy, title insurance company
title insurance policy, title insurance company, mortgage escrow: Hai Doan-- You say that the Mortgage Company s Escrow Division served as Title Company. They may have run your loan through escrow and closed the loan in their own Escrow Division, BUT I d bet they DIDN T issue a Title Insurance Policy. I m sure they...

Buying or Selling a Home: House or Condominium Ownership, neighborhood amenities, condominium ownership
neighborhood amenities, condominium ownership, hoa dues: Dear Kenneth; The answer is not a clear one. It depends on the neighborhood. A condo has shared expenses and an association fee. A home sometimes does not have the same amenities and therefore no additional association fees. A home sometimes has no HOA...

Buying or Selling a Home: The Internet's Effect On Realtors, Why use a Realtor? Using a Realtor, For Sale by Owners
Why use a Realtor? Using a Realtor, For Sale by Owners: Dear Brittany: Thank you for your question... Interesting question... No it has not effected my business in a negative way at all. I use CraigsList and the many other internet property search sites to advertise my listings effectively. 80%+ of all buyers...

Buying or Selling a Home: Kitchen appliances, bathroom light fixtures, corian countertops
bathroom light fixtures, corian countertops, stainless appliances: Dear Michelle; Be prepared to spend the money and not get your investment back. You will not be able to price the home higher just because there are new appliances in stainless. The benefit will be that your home will look better with the new appliances...

Buying or Selling a Home: Lease to own a Foreclosure, rent to own, credit history
rent to own, credit history, lending process: This all boils down to just one thing and that is what a bank will or won t do. This is different for every bank. Since you have no job now and your fiance has no job now, no bank will lend on what might be. Even when you get a job you probably will have...

Buying or Selling a Home: Misrepresentation of Home, buying a home in Maryland
buying a home in Maryland: I m puzzled as to why the Realtor couldn t figure out if there were central air or not. You may want to discuss your situation with the agents broker and see if you can work something out with them. The agent may be new and may have not known how to determine...

Buying or Selling a Home: Owing more than its worth, heloc, mr dennis
heloc, mr dennis, jumbo loan: There is nothing you can do about the market, Paul, but there is something you can do about the money you owe to your family member. Before you decide to walk away from the house (although I believe you should sell it as a short sale, ) reinforce your debt...

Buying or Selling a Home: Will owners sue us?, real estate, homes
real estate, homes, material defect: Dear Shannon, The answers to all your questions depends on what is actually in your contract. Most states have some language in their contracts that say that if the buyer discovers a material defect, they have the right to cancel a transaction. The home...

Buying or Selling a Home: PREFORCLOSURES, foreclosure sales, foley
foreclosure sales, foley, local newspapers: Dear Jackie: A pre-closure could be a problem. Foreclosure is a long, laborious process which could be voided ultimately if the seller declares a bankruptcy, or if the lender makes payment arrangements allowing the owner more time and latitude to make the...

Buying or Selling a Home: How to proceed without a realtor, local realtor, wealthy couple
local realtor, wealthy couple, appraisal districts: Dear Jeff; You seem to have thought of most of the important questions regarding the purchase of the home. I do think that an agent who would assist you could be valuable in helping you to determine what price your offer should be. Perhaps you can negotiate...

Buying or Selling a Home: purchasing a tenant-occupied house in short sale- tenant refuses to vacate, holdover, tenant
holdover, tenant, eviction: Hello Stacey - I recommend contacting a real estate attorney immediately. There are a couple of issues. First, usually the new owner must honor any existing lease on the property. If there is a remainder of the initial lease term then it is typical the tenants...

Buying or Selling a Home: Quick Question, ssi disability, reputable lenders
ssi disability, reputable lenders, economic stimulus: Hi Skyler, Sorry to hear of the loss of your brother and Father. That’s hard to lose two close family members in such a short time. I would first contact your mortgage company and see if they will refinance your loan or otherwise be able to help you...

Buying or Selling a Home: Quick Question, ssi disability, elderly father
ssi disability, elderly father, business transfers: Hello Skyler, Thank you for your question. From what you have said it sounds like you need more income. How many bedrooms are in the house? You can rent out the bedrooms to individuals. My mother did that and had a nice income from it. That would...

Buying or Selling a Home: Quick Question, ssi disability, spanish ridge
ssi disability, spanish ridge, realty solutions: Hey, Skyler. Contact the following person. She has said she is willing to try to help you. Let her know that Russel Ray told you to call her. Renee Burrows Nevada Realty Solutions 8942 Spanish Ridge Avenue Las Vegas 89148 702-966-2494 Here s the...

Buying or Selling a Home: Quick Question, foreclosure, refinance
foreclosure, refinance, CMA: First and foremost, run, don t walk to the bank immediately. Banks want to avoid foreclosure, but they can t if you don t talk to them. Talk to a Realtor and get a Comparative Market Analysis, CMA. This will help you truly know what you are dealing with...

Buying or Selling a Home: Quick Question, fixed rate mortgage, ssi disability
fixed rate mortgage, ssi disability, 30 year fixed rate mortgage: Skyler-- Haven t we spoken here before? If so, welcome back. Sorry about your losses. Losing both a Brother & your Dad so close together must have been very stressful. We ll pray for them! As for your housing problem, here s the way to go: 1. Before...

Buying or Selling a Home: Quick Question, ssi disability, loan modification
ssi disability, loan modification, property expert: This seems like an ideal situation for a loan modifcation, Skyler. You really could do it yourself. All you have to do is to talk with your lender and ask them for a loan modification. Whoever you talk to, ask to talk to the loan modification manager.It all...

Buying or Selling a Home: Quick Question, ssi disability, elderly father
ssi disability, elderly father, rosen: Hi Skyler - I m very sorry for your loss. I m assuming that neither your father or brother had life insurance which would have helped you pay off or even pay your mortgage so you could keep your house. The first thing you need to do is call your lender....

Buying or Selling a Home: Quick Question, ssi disability, loan interest rate
ssi disability, loan interest rate, jessica bryan: Dear Skyler; You should contact your lender immediately and explain your situation. There are some new programs out right now to assist people in your situation. You might be able to get the loan interest rate reduced without having to refinance. Be persistent...

Buying or Selling a Home: Quick Question, ssi disability, elderly father
ssi disability, elderly father, best solution: I m so sorry to hear about your situation. Have you considered renting out rooms in your home? That is the only thing that I can think of that might bring in extra income. If you aren t upside down on the loan, the best solution might be to sell the home...

Buying or Selling a Home: Quick Question, loan re-modification, loan modification
loan re-modification, loan modification: Dear Skyler; I am sorry for the loss of your brother and father earlier this year. I hope you are doing well... Thank you for your question... You may want to contact your lender to inquire about a loan re-modification of your existing loan to meet...

Buying or Selling a Home: quitclaim, real estate signs, golden gate bridge
real estate signs, golden gate bridge, empire state building: In any case, Terri, this is not sounding too good. But I should be able to make it so that you make out OK. First of all, a quit-claim deed is when Mr. A, who owns a piece of real estate, signs over the title of a property to Ms. B. A title company can...

Buying or Selling a Home: Real Estate, craigslist org, realtors
craigslist org, realtors, realtor: I don t think these sites make agents obsolete and therefore the economy didn t play a part. Real Estate is too big a transaction for people to go it alone with representation. Many ads in Craigslist are put there by agents. It is just another advertising...

Buying or Selling a Home: Real estate personal property, seller contributions, downpayment
seller contributions, downpayment, loan programs: Hi Diane There are still loan programs out there for persons with good credit to get 100% financing. It would not be illegal if a Seller writes a Contract for a higher amount and includes language within the body of the Contract that he is paying (the...

Buying or Selling a Home: Realtor for a new build, advance money, foley
advance money, foley, house price: Dear Rick: It is always a good idea to be represented by a party who acts as your advocate! I do not have a copy of your contract, but how can you do something without specific costs or final price - at least an estimate. YOu chance having the price go...

Buying or Selling a Home: Remodel inherited home before selling?, sf bay area, dear henry
sf bay area, dear henry, closet systems: Dear Henry, My experience is that houses sell faster AS IS and if priced aggressively (low) will bring a higher price. It is questionable if you will get the money back that you put in to update. With that said I would recommend you have several local...

Buying or Selling a Home: Return of deposit, state licensing board, louisiana state licensing board
state licensing board, louisiana state licensing board, louisiana state licensing board for contractors: Hi Kirk, If your Contract of Sale states that the Contract is contingent upon your being approved for a loan, and notwithstanding any other language in your Contract to the contrary, then your earnest money should be refunded. Read your Contract carefully...

Buying or Selling a Home: was i robbed?, co signer, property changes
co signer, property changes, abstractor: Hi Sean, You’ll have to do some research to see if your Aunt’s home was sold on the up-and-up. There’s so many scams going around now, I am not surprised at anything I hear. If you co-signed on a mortgage with your Aunt, you need to confirm whether...

Buying or Selling a Home: Sale of manufactured home to my daughter for $1, title question, quitclaim deed
title question, quitclaim deed, financial situations: Hey, Chuck. I can t state specifically for either Texas or Virginia, but generally you don t even have to sell it to her. You can give it to her via a quitclaim deed, which assigns all your rights in the property to her. They are very easy to do; an attorney...

Buying or Selling a Home: Selling a home with a tenant, sitting tenant, peaceful transition
sitting tenant, peaceful transition, least three months: Hello Ari, Thank you for your question. If there were a lease it would be the guiding instrument. I don t know if your local custom assumes the lease terms to remain the same and continue after the expiration date. How have you handled rent increases,...

Buying or Selling a Home: Short sale processing fee, realtor board, local realtor
realtor board, local realtor, cover letter: No, I have never heard of paying a fee to submit an offer for a short sale. I wouldn t pay it either. It sounds illegal, since it is the listing agent s responsibility to submit all offers to the seller in a timely manner. To ask for money to submit the...

Buying or Selling a Home: Suggestions please?, devise, will
devise, will, testate: Hello Skyler - Please accept my condolences for your loss. First, contact the lender and tell the lender the situation and ask about your options. One option should be a forbearance where the lender agrees that you don t have to make a payment for up to, say...

Buying or Selling a Home: Any Suggestions?, ssi disability, room mate
ssi disability, room mate, elderly father: Dear Skyler, It seems that you have 3 options. 1. Take in a room mate who can pay rent thereby assisting with the payment. 2. Sell the house 3. Rent out the house. I suggest you meet with a realtor and very quickly before you lose the house for non-payment...

Buying or Selling a Home: for sale as a land contract, land contracts, all inclusive trust deed
land contracts, all inclusive trust deed, installment payments: Hi Sofia, I don t know what state you are in, so please check with your lawyer... the land contract is simple enough ... you become the bank and carry the note and the buyer pays you... in California we call that an All Inclusive Trust Deed... keep in mind...

Buying or Selling a Home: second home using FHA/CHAFA, fha loans, fha loan
fha loans, fha loan, chafa: Hi Jackie, the only option you have is to go Conventional and that typically requires at least 10% down at this time. You might check with the State you live in to see if they have any BOND or Special financing loans they are offering. You are not alone....

Buying or Selling a Home: seller agent's duties re: property disclosures, property disclosure statement, property disclosures
property disclosure statement, property disclosures, association of realtors: Hi Richelle, It is the duty of a listing company to offer any purchaser a current, fully prepared disclosure package of every property they have for sale. Providing a buyer one that another another listing company had prepared opens the door to potential...

Buying or Selling a Home: selling, getting a mortgage, estate planner
getting a mortgage, estate planner, silent partner: Hello KJ, Thank you for your question. This is a complicated scnario that will need legal advice from an estate planner to insure that what you want to happen will happen in the way you intend. Sorry I can give you more info here, but it is very complicated...

Buying or Selling a Home: selling an apartment of apartment project of 40 or 50 apartments, apartment buyer, condominium project
apartment buyer, condominium project, apartment project: Hi Munsif, The last question you asked would relate to securities. I cannot advise you there, because I have no expertise in the securities and related market. If there is such a model plan in the US, I am not aware. That’s not to say that there is no...

Buying or Selling a Home: selling a mobile home that I have added on to., straight answers, court house
straight answers, court house, title company: I am not sure if you are selling the mobile only or land and mobile. If you don t have a lien on the property, just sell it. You can contact a Title company and they can run a Title check for you. Or got to the court house and do it yourself. I hope that...

Buying or Selling a Home: Being sued for problems with retaining wall, small claims court, railroad ties
small claims court, railroad ties, full disclosure: First thing I must say is GET WITH AN ATTORNEY A.S.A.P! Even if you ve been served to appear in Small Claims Court-- where you typically CAN T have an Attorney address the Court for you--you need legal advice, opinion & guidance on this matter! As I m...

Buying or Selling a Home: Tenants Rights vs Landlord Selling Property, lease states, property question
lease states, property question, lease holder: Hi Again Naimah, I practice in NY and in NY your rights may be different than in GA, but here you do have to make the home available to show given proper notice. Usually 24 hours! Also, just FYI, we use lockboxes all the time and have no problem with them....

Buying or Selling a Home: Title problem, hcd, housing and community development
hcd, housing and community development, bmv: Hi Gianna...assuming your state is similar to California, the Housing and Community Development (HCD) handles the mobile home registering, etc. Go to your state s website, find HCD, locate the local office, bring what ever you have for paperwork. They will...

Buying or Selling a Home: thread on quick claim deads, Quit claiming property to avoid taxes...
Quit claiming property to avoid taxes...: Dear Kenneth: I attached a pdf file that explains to some degree what happens when you find a situation like your wife, her sister and dad. If the clip does not explain to your satisfaction, you may want to call Jackie Boccabella, with Stuart Title of California...

Buying or Selling a Home: title search, inheritance taxes, unexpected repairs
inheritance taxes, unexpected repairs, living trust: You may want to talk to the attorney who made that living trust and see if it is possible to put your son in that trust. If that be possible, then there may not be any captital gains tax for him or you to worry about. Talk to a real estate or estate attorney...

Buying or Selling a Home: trying to sell our doublewide, perimeter walls, real estate foreclosures
perimeter walls, real estate foreclosures, foundation system: Hi ASHLEY-- Trying to sell your 2002 Model Double-Wide without selling the land? Is the Double-Wide attached to the land via some sort of foundation system, tie-downs, pit-set,perimeter walls, etc? If the Home & the Land are tied together that makes...

Buying or Selling a Home: unconditional contract, unconditional contract, olene
unconditional contract, olene, settlement date: Hello Olene, Thank you for your question. As you have explained it you are in unconditional contract to close in six months? You become the owner at the closing and become responsible for property expenses then unless you made other arrangements in...

Buying or Selling a Home: VA, fha loans, fha loan
fha loans, fha loan, question thanks: Unfortunately that is precisely the reason the lenders probably will not do a VA loan for you on this home. There is no valid (in their minds) reason for you to move next door to a home that is the same size other than for investment. They are SO strict now...

Buying or Selling a Home: Agent research, shenandoah valley, interview 2
shenandoah valley, interview 2, hi john: Hi John- What a great question! Too many people don t do their research. Here s what I recommend (and I m trying to be unbiased here as I am a Re/Max broker)- 1. Word of Mouth/Recommendations- great place to start. People are thrilled to share their experiences,...

Buying or Selling a Home: Appraisal Contingency / Cancellation / Good Faith Deposit, mail correspondence, appraisal contingency
mail correspondence, appraisal contingency, escrow instructions: You followed the proper way of doing this, Amanda. Just one thing. You were dealing with a bank. And they usually take about 30 days to return your money in this case, especially since it was an REO you were trying to buy. What did your Realtor answer to that...

Buying or Selling a Home: Buying and reselling foreclosures, real estate contract, real estate brokers
real estate contract, real estate brokers, question pool: You are asking questions that seek LEGAL OPINION, ADVICE & GUIDANCE. To legally and accurately answer your inquiries one must be a (your) State-licensed Attorney ( one who specializes in Real Estate Law is recommended). In some States Real Estate Brokers...

Buying or Selling a Home: banks loan, small claims court, recourse
small claims court, recourse, time and money: Because it is a very low deposit, José, your only recourse is to take that bank to small claims court . . . unless you signed some kind of document that said that you will be losing your deposit if they decided you did not qualify for the loan. But you can...

Buying or Selling a Home: buying land, easement area, utility easement
easement area, utility easement, desirable neighborhood: Hi Esther, When you say the land you want to purchase is not located in a “desirable” neighborhood, I am not sure if you mean the aesthetics of the land itself are not desirable, the proximity of the land to commercial and/or industrial property, or possibly...

Buying or Selling a Home: Canadian buying a home in California, certified public accountant, cpa certified public accountant
certified public accountant, cpa certified public accountant, irs taxes: Dear Janice; Thank you for your good question... There has been so many changes in the lending industry in the USA that you should contact a mortgage broker recommended by your Realtor in California. The lender will spell out to you the current requirements...

Buying or Selling a Home: Canadian buying property in California, buyer representatives, best bet
buyer representatives, best bet, joint tenants: Hi Janice, The best way to find a good Realtor in that area is to search the website rebac.net for agents in that area that are Accredited Buyer Representatives . This means they have passed a series of tests and specialize in working with Buyers. ...

Buying or Selling a Home: Changing Realtors, listing contract, compensation
listing contract, compensation, post contract issues: Hello Lisa - Listing Broker documents as required in Arizona by A.R.S. 32-2151 must include a beginning date and an ending date as well as an amount of compensation and signature of the parties to be a valid and enforceable document. The boilerplate of a listing...

Buying or Selling a Home: Co-borrowing for a family member, john hendricks, moments of time
john hendricks, moments of time, pang: Dear Pang; As long as your sister is on the deed and is using the home as her primary residence, this property would not be considered an investment property. How the IRS would consider your portion of ownership to be addressed is still the question. I...

Buying or Selling a Home: Compensation to buyer's agent, MLS, Compensation
MLS, Compensation, representation: Answering this from another perspective... you could say that the listing agent charges a fee for complete services (from listing, marketing, tracking, reporting, staging, negotiating, overseeing the inspection period, reviewing the title report, reviewing...

Buying or Selling a Home: Construction Lien, construction lien, contract workers
construction lien, contract workers, temporary help: As long as your attorney (I don t think much of him) is not willing to do anything, Christi, then contact your state board of contractors. They will make it so that either the contractor pays you or they will suspend his license. Then go and find a good REAL...

Buying or Selling a Home: child support judgement, credit card judgements, mike thanks
credit card judgements, mike thanks, hi mike: Hi Mike, Thanks for your question. You need to have a title search done. That will reveal all liens on the property. When you are selling your house the buyer will get a title search. The bank will not lend money for the purchase unless the title is...

Buying or Selling a Home: clear title, Cloud of the title
Cloud of the title: Dear Jeffrey; Thank you for your question. If the preliminary title report notes that there is a lien or judgment on the property, that would be considered a cloud in the title, and it may hamper the sale of your property. I am surprised though that...

Buying or Selling a Home: is it a cloud on title?, statement of information, closing escrow
statement of information, closing escrow, encumbrance: Your Realtor should have been able to explain this, Jeff. But almost every prelim has that kind of caveat. It is sort of a catch-all for anything they omitted in the title search. My suggestion is to actually have the title company explain to you just what...

Buying or Selling a Home: contract with listing agene, jessica bryan, adn
jessica bryan, adn, marketing: Dear Jane; You have the right to interview a prospective new agent but the new agent cannot and should not approach you first. That is unethical and considered soliciting a listing. So...if you want to seek out the agent to interview, it is fine as long...

Buying or Selling a Home: Dealing with the credit union and my realtor, jessica bryan, first time buyer
jessica bryan, first time buyer, property expert: Dear Rachel; Obtaining a loan requires lots of information sharing that is of a highly confidential nature. The fewer people involved the better. Many lenders refuse to even talk to the real estate agent unless there is a pass code given to them by the...

Buying or Selling a Home: Disclosure, home in lakewood, arbitration clause
home in lakewood, arbitration clause, small claims court: Yes, pest problems are supposed to be disclosed in your paperwork. The only way the Seller could get out of it is if they denied knowing there was a problem. Either way, contact your agent and have them contact the Seller s agent and let them know that you...

Buying or Selling a Home: Disclosure, residential property disclosure, property disclosure form
residential property disclosure, property disclosure form, water damages: Hi Jennifer, You would need to check with the Real Estate Commission of your State for your State’s disclosure laws. Different states may have different laws as they relate to statutorily-required seller disclosure forms and disclosure of material defects...

Buying or Selling a Home: First time buyer, first time homebuyer, jessica bryan
first time homebuyer, jessica bryan, first time buyer: Hi Nicole; It is increasingly easier from a few months ago to obtain a loan as a first time homebuyer with all of the incentives and a slight relaxation of lender money now. Still it is important that you have good credit but as far as the score...it depends...

Buying or Selling a Home: First time buyer looking for a cheap starter house, first time buyer, contaminated environment
first time buyer, contaminated environment, checking savings: Hey JOE-- You didn t just ask a question or two; you want a FIRST-TIME HOMEBUYERS COURSE 101! And I can help you with that: go to your PC and log onto the MORTGAGE BANKERS OF AMERICA Website (www.mbaa.org) and from its HOMEPAGE select CONSUMER EDUCATION...

Buying or Selling a Home: First time buyer looking for a cheap starter house, first time buyer, contaminated environment
first time buyer, contaminated environment, checking savings: Dear Joe; There are many sites that can walk you through the preliminaries of house buying but a good agent can be of more service than anything else you do. You can call a local real estate brokerage and ask the manager who is a first time homebuyer specialist....

Buying or Selling a Home: First time buyer looking for a cheap starter house, first time buyer, contaminated environment
first time buyer, contaminated environment, checking savings: Joe, I would suggest first getting pre-approved (vs. pre-qualified) if you are serious about purchasing. Starting the process at your bank where you already have accounts and do business would be an excellent place to begin. Do not go to multiple banks,...

Buying or Selling a Home: FSBO purchase, nasty divorce, estate knowledge
nasty divorce, estate knowledge, back taxes: This is a bit confusing, Guy, but I will try to answer the best I can. You re in Afghanistan, yet you waant to buy something in the northern part of Alaska, right? Boy, it does appear you want to get away from your divorce and any remnants of it, all right....

Buying or Selling a Home: Realtor Fraud?, small claims court, better business bureau
Buying or Selling a Home: Realtor Fraud?, small claims court, better business bureau, litigation costs

Buying or Selling a Home: finding info regarding sold property in CA, real estate agents, escrow
real estate agents, escrow, irs: First call the escrow company that handled the sale. Most likely that s how the IRS found out about it anyway - the escrow company is obligated to send a report of each sale to the IRS. If they can t help you, try calling the real estate agents that were...

Buying or Selling a Home: first time home, first time homebuyer, hud fha
first time homebuyer, hud fha, united states department of housing and urban development: BART-- You ve posed a very interesting question here! You are quite correct in that your 1974 Mobile Home--doesn t meet Federal Standards set in 76, not on a permanent foundation, still has the wheels attached ,is on rented land (a trailer space, in a...

Buying or Selling a Home: first time home, united states department of housing and urban development, gee whiz
united states department of housing and urban development, gee whiz, first time buyer: You virtually answered your own question, Bart. Yes, I agree with everything you offered. YOU ARE A FIRST-TIME BUYER. Gee, whiz, if nothing else, the fact that you pay rent on the land of your residence should indicate that you qualify as a first-time buyer....

Buying or Selling a Home: Ghost owner concerns, owner concerns, owner occupancy
owner concerns, owner occupancy, stable income: Barnett, If you are paying cash, just have the escrow company put your Sis s name on it....also put your name as legal owner, just in case something goes screwy in the future; this way you can protect your interest! The park will not know. Their concerns...

Buying or Selling a Home: HOME CLEANOUT AND CLEANUP IN LAS VEGAS, e mail addresses, mailing postcards
e mail addresses, mailing postcards, html email: Hi Jeanette, First I will tell you the worst way, which is telephone call. We get calls all the time (at least we used to when the market was hot) and it was super annoying. I think your first and best choice would be an email flyer. There are companies...

Buying or Selling a Home: Home purchase - information not disclosed, las vegas, homes
las vegas, homes, real estate: Hi Devan, You really need to look at your paperwork closely first to make sure that there was absolutely no mention of these tanks in anything you were previously given - preliminary title reports, real property disclosures, etc. It is likely that this...

Buying or Selling a Home: home buying, pre-possession, failure to close
pre-possession, failure to close, extension: Hello Chris - This situation can on two personas. First, it could be no problem, second, it could be a major crisis. The first, it could be this was an investor who acquired the property on a lease/purchase or agreement-for-sale which would require the first...

Buying or Selling a Home: investment home, cash flow analysis, foreclosure auction
cash flow analysis, foreclosure auction, best time to buy a house: Hello: Wow. Esther, try not to be overly offended, but you are hitting the all the high notes on the song, How not to buy a piece of property and lose your money 1) You bought from the listing agent direct. This should be reserved for professionals....

Buying or Selling a Home: LEASE W/OPTION TO BUY, lease option, written documents
lease option, written documents, real estate documents must be in writing: If you have a written, dated and signed (by you and owner) option, Mike, the owner would be selling that property subject to your valid option. If you only have that option verbally, you have nothing . . . maybe. See next paragraph. He can do as he pleases...

Buying or Selling a Home: Lien/encumbrance search on tax-defaulted properties, open escrow, steady customer
open escrow, steady customer, state governments: The individual state governments have cracked down a bit on title companies, so the title companies now charge for their services unless you are a steady customer of theirs and/or (like you found out) are in the process of buying a property and have an open...

Buying or Selling a Home: Life Estate, life estate, mr dennis
life estate, mr dennis, law case: Since you really have a law case here, I strongly suggest you hire an attorney to get him off your back. You gave him an informal life estate. That tells me none exists. Anything in real estate must be in writing. If it is not in writing, it was never said....

Buying or Selling a Home: loan processing leading into Underwriting, entry level position, mortgage professor
entry level position, mortgage professor, google: You should ask Jack Guttentag, the Mortgage Professor. He knows all there is to know about that end of the business. I just hope he is not too busy to reply. Just put his name in Google and it ll come up. You ll be glad he answered. I do wish you well. ...

Buying or Selling a Home: MLS, wordings, blank space
wordings, blank space, 7 months: I am sure you meant Exclusive Authorization and Right To Sell, Debra. Most listing agreements are the same and you should be aware that ALL listing agreements tell you that commissions are negotiable. Also, all listing agreements stipulate (they usually leave...

Buying or Selling a Home: mobile home $8000 stimulas, mobile home park, stimulas
mobile home park, stimulas, time home owners: Bart....I don t know about rebates, but the word you are looking for is real property . If your home is NOT on a foundation, it is NOT real property. This puts you in a totally different category for loan purposes. I would look at your state s HCD link....

Buying or Selling a Home: what are the options, jessica bryan, mortgage commitment
jessica bryan, mortgage commitment, deposit money: Dear Mayurj, You have a contract and it needs to be honored. I doubt that the seller would have agreed going in to the contract to lower your price if future sales came in at lower prices. It is sometimes unforeseeable and also a chance that you both take....

Buying or Selling a Home: Purchase for a Minor, time home buyers, first time home buyers
time home buyers, first time home buyers, tax expert: While the son may own property under the age of 18, he is not permitted to convey title until he is 18 or more. However, as for the rest of the question, Emoke, you really should consult with a tax expert, like a CPA or tax attorney. I wish you well. Dick...

Buying or Selling a Home: pros and cons of baving your home be unincorporated, pinellas county florida, trash pickup
pinellas county florida, trash pickup, police protection: Hey, Adriana. The pros are usually that certain taxes are lower, such as the various city taxes for schools, fire and police protection, trash pickup, etc. The cons are that you might pay seperately for those services. Other than that, I can t think...

Buying or Selling a Home: purchase Tax Defaulted Houses, collector auctions, mortgage balance
collector auctions, mortgage balance, payor: Your scenario is not likely to occur, Michael. Why? Because almost every lender (mortgagee) subscribes to a tax service. That tax service advises the lender that so and so s taxes have not been paid. So, even though that property owner has been up-to-date...

Buying or Selling a Home: Question about backing out of buying a house, contract states, addendums
contract states, addendums, housing loan: To answer your question; it depends. It depends on what your contract states. In general you could be sued for not following through with what you need to do in order to get your loan to work. You should pay special attention to any additional addendums...

Buying or Selling a Home: Quick Question, ssi disability, elderly father
ssi disability, elderly father, question question: Hey, Skyler. Go to http://activerain.com. Scroll down to the right side where you ll see states and cities listed. Scroll through the people you see listed and see if you find someone who you think can help you. I m over at ActiveRain as well, and I...

Buying or Selling a Home: Quit Claim/ Name off mortgage, long term relationship, loan docs
long term relationship, loan docs, jessica bryan: Dear Josh; You need to discuss this with an attorney to see what can be done. There are legal obligations when you sign loan docs that do not necessarily go away just because you sign off your interest in the property. I cannot give you legal advice but...

Buying or Selling a Home: I have a question hope you can help, black mold, window seal
black mold, window seal, second job: Hello Chyrstal. Sorry to hear about your experience. You need to do a Google search on Tenants Rights in **insert the name of your City/State* and then contact the appropriate city, county or state authorities regarding these issues. It looks like you have...

Buying or Selling a Home: Realtor Choice, pot plants, irrigation system
pot plants, irrigation system, time home buyers: Dear Jo; Thank you for getting back to me. Yes, I can help you through the process of getting an experienced Realtor for the job of finding you a home. If you would please e-mail me at JohnHendricks@Marin1.com with the following information, I can then...

Buying or Selling a Home: Realtor Fraud?, pressing charges, real estate agent
pressing charges, real estate agent, purchaser: Hi Jodi, Sorry for the delay in responding to your question. The All Experts’ system just notified me of your pending question, which I had not previously seen. If you have emails from your agent telling you the appraisal came in at $235,000, but it...

Buying or Selling a Home: Rent to own or lease option, option period, legal language
option period, legal language, lease options: Hey, Mary. Although I don t know what state you re in, you can do a lease option in any state unless something s changed. Something might have changed because lease options got a bad name about 20 years ago because of abuse. They can be tricky, so you...

Buying or Selling a Home: Getting ready to sell a home, deed transfer, family trust
deed transfer, family trust, tax basis: Before you do any property transfer of any kind, LaToya, I recommend you consult with a VA estate or real estate attorney to handle the transfer at the least amount of cost and concern with the IRS. The way you re doing it now, you may not only have to pay...

Buying or Selling a Home: repairs and upgrades before selling, sliding glass doors, french doors
sliding glass doors, french doors, necessary repairs: Hi Doug, good for you for rehabbing your house before you sell. This will give you more money in the long run. I recommend replacing the sliding glass doors with french doors, this is a more up to date look and you will see more return for your money. ...

Buying or Selling a Home: Selling our home, privacy fence, jessica bryan
privacy fence, jessica bryan, house sale: Dear Susan; Since the neighbor caused the sale to fall apart (can you prove that?)you might have grounds for a lawsuit but it is not for me to say. You need to consult an attorney to discuss your rights and how to proceed. Best wishes, Jessica Brya...

Buying or Selling a Home: Selling a home - moving overseas, sanjay, power of attorney
sanjay, power of attorney, selling a home: Hi Sanjay, As long as you have access to fax or email and can receive Fedex (or other carrier) you should be able to sign your own docs. If you do not feel comfortable giving anyone power of attorney do not do it. I suggest you call the escrow company...

Buying or Selling a Home: Selling Mnfg'd Home in Wa- buyer wants me to carry mortgage, deed buyers, lien holder
deed buyers, lien holder, motgage: Hi Ralph....forget the VA, as they will NOT make this type of loan, and certainly do nothing regarding credit repair! OK first off...if you still owe $$ on the home, the mortgage must be satisfied with the current lien holder. If you pay off the motgage.,...

Buying or Selling a Home: Septic System, septic system, gray water
septic system, gray water, dry well: Hey, Karen. Different states have different requirements. Some require a septic system clearance while in others it s a totally negotiable situation. Your Realtor should be able to help you. If you re not using a Realtor, with what you ve told me, quite...

Buying or Selling a Home: Septic Tank Issue, Survey, lot lines
Survey, lot lines, septic: Hello Michael - When issues regarding property lines are involved it is always appropriate measure to talk to the complainant neighbor first and see what the individual is looking for as a remedy.. maybe its just so you know its their property... maybe they...

Buying or Selling a Home: Short Sale of House with a Lien, question pool, jim root
question pool, jim root, luck jim: Miki-- What right do we have in this scenario? you ask! Considering the scenario, all one can say is You have the right to an Attorney! You need to get a Lawyer on your team ASAP. There s something wrong here, and only one authorized to practice...

Buying or Selling a Home: Starting out as a real estate agent, question pool, blood relatives
question pool, blood relatives, top producers: Dave-- Most of the Top Producers in the LA area are blood relatives of the very rich and/or famous. Your best chance of becoming a Top Producer is to find one of those Richie( or Richelle) Rich-types who needs a Personal Assistant and work with...

Buying or Selling a Home: Which Subdivision, decicion, personal preference
decicion, personal preference, private pool: Hello Jessica, thank you for your question. Personal preference is most important in this decicion. If this is more of a family community, the school might be a good attraction for resale. But either one sounds like a sound investment. Good luck to you...

Buying or Selling a Home: for sale as a land contract, land contracts, all inclusive trust deed
land contracts, all inclusive trust deed, installment payments: Hi Sofia, I don t know what state you are in, so please check with your lawyer... the land contract is simple enough ... you become the bank and carry the note and the buyer pays you... in California we call that an All Inclusive Trust Deed... keep in mind...

Buying or Selling a Home: seller late on 2nd, foreclosure, NOD
foreclosure, NOD, notice of default: Technically, Vickie, any TD is late on the day after the payment is due. You then may file a NOD (Notice of Default), although most TD holders would send a courtesy reminder of payment due within 15 days. Then upon no response or unsatisfactory response, you...

Buying or Selling a Home: selling a house on contract, mike dick, equitable title
mike dick, equitable title, buying a house: Yes, subject to the existing contract financing, Mike. Obviously, the one who has a house on contract cannot give his buyer title to the house, since he doesn t actually have the title. He only owns the property through equitable title. That means that should...

Buying or Selling a Home: selling price, dual agency, lack of representation
dual agency, lack of representation, appraisal: Hello Martha - There is no representation benefits to a dual agency scenario, rather quite the contrary. The market could be interpreted as improving with the understanding the increase in sales in due to the seasonal market and the new finance programs for...

Buying or Selling a Home: selling an upside down mortgage, fixed rate loan, mortgage question
fixed rate loan, mortgage question, 30 year fixed rate: His name is Bill Jenkins, Gayle. He and his wife are both CDPEs. They are very knowledgeable in helping your daughter. He is located in Henderson with Keller Williams real estate office. Please let me know how he is helping you. I wish you well. Dick Dennis...

Buying or Selling a Home: Transfer of ownership, Quit Claim, transfering property
Quit Claim, transfering property: Dear David; Thank you for your question and your patience for my response. No you do not need a Realtor for this type of transaction. Contact a title company in your area and ask to speak to an escrow officer. If you remember who you used when you acquired...

Buying or Selling a Home: termites, winged ants, pest control company
winged ants, pest control company, termite inspection: It s too bad you misread my reply, Madam. (Now that you have set the tone of my reply) You were nine years too late with your complaint . . . to the wrong person! You should have complained to the people who would do you some good . . . nine years ago. How...

Buying or Selling a Home: unfair practices during foreclosure in ca, foreclosure proceedings, disability retirement
foreclosure proceedings, disability retirement, dying of cancer: As much as I would like to help, Katey, you desperately need a good REAL ESTATE and/or ESTATE attorney to start to put everything back the way it should have been. This has morphed into strictly a law case. I can see in at least two areas in your story that...

Buying or Selling a Home: va home loans, home loan benefits, va home loans
home loan benefits, va home loans, jessica bryan: Dear Jeff; A VA benefit may have some restrictions and requirements that should be understood before beginning your search. Once you understand what they will need...who pays for what...etc. You should structure your offer on any home you decide on accordingly....

Buying or Selling a Home: 2nd home, existing mortgage, taxable gain
existing mortgage, taxable gain, tax gain: What I am about to disclose to you, Ted, I highly recommend you have a real estate attorney handle for you to make sure your and your daughter s interests are protected. Your loan on your 2nd home is not assumable, although you certainly may sell the...

Buying or Selling a Home: 3/26- follow up --adverse possession, adverse possession, squatter
adverse possession, squatter, belongings: I don t understand who you re saying the risk is for. You can be arrested for being a squatter, I doubt any police will put an owner in jail for evicting a squatter. I saw it happen right next door to me. When the squatter left the house the bank rep moved...

Buying or Selling a Home: Adding my girlfriend's name to title, john hendricks, dear johnny
john hendricks, dear johnny, refiance: Dear Johnny; Thank you for your question... There are a few things to think about before you add your girlfriend to the ownership of your property. I am not a Real Estate Attorney, nor a CPA... I am just a Realtor and can t legally advise you on the...

Buying or Selling a Home: Adding my girlfriend's name to title, grant deed, refiance
grant deed, refiance, county recorder: You may want to rethink this, Johnny. I can t count how many times people have regretted adding a girl or boyfriend to a title of a property only to have go through a lawsuit to undo it all. Relationships do change, as you know. However, if you want to do...

Buying or Selling a Home: Adding a person to my mobile home title, estate question, lots of money
estate question, lots of money, difficult times: This is really not a real estate question, Donna. But I will do my best to help you. This is not a real estate question if your mobile home is located in a park in which you are paying rent for your space. If it is located on a piece of land and you are paying...

Buying or Selling a Home: Builder said can't build the floor plan that we signed, foreclosure homes, wasting our time
foreclosure homes, wasting our time, building envelope: Hello Sujatha, Thank you for your question. It sounds like the builder accepted your request for plot and floor plan, but may have been turned down by the building department for some reason of not conforming to local zoning requirements based on your...

Buying or Selling a Home: Buying Foreclosure (murphy's law version), contract earnest money, mortgage companies
contract earnest money, mortgage companies, mortgage company: Ahhhhhh the joys of dealing with foreclosures. Do you wonder now why the mortgage companies were in trouble and losing money? nah. Who has the house listed now? Did you ask the agent what was going on? Did you ask the person who signed your contract what...

Buying or Selling a Home: Buying a Home/Financing, fha loan, cockeysville maryland
fha loan, cockeysville maryland, settlement money: I am a little confused by your question. If you put more money down on the house then you don t need to borrow as much. If you get a gift from someone (like family) you get a gift letter for the lender that explains your extra income to purchase the house....

Buying or Selling a Home: Buying a House by Owner, credit, non-recurring closing costs
credit, non-recurring closing costs, fha: Dear Susie; Thank you for your question... The best way to find out what your actual closing costs will be is by asking your Mortgage Broker to prepare a Estimated Closing Statement . It will identify what costs you would be responsible for at the close...

Buying or Selling a Home: Buying a house with boyfriend, contract details?, diligence, advice
diligence, advice, using an attorney: Hello Darcie - I apologize for the delay in my reply. When selecting an attorney it is imperative that they specialize in real estate. It is reasonable that you should proactively protect your interests in reducing future risk and exposure to litigation. Candidly,...

Buying or Selling a Home: Buying a REO, mold problems, mold problem
mold problems, mold problem, city of cerritos: First, I was told by my agent that they already have a few offers and are still accepting offers. So, since we re not in escrow yet and from what you ve said then I probably don t have much leverage with the five day inspection demand, correct? IF YOU...

Buying or Selling a Home: Buying and Renting Out A House, las vegas, real estate
las vegas, real estate, homes: Hi Caine! It is a great time to be buying in most parts of the country. And you can certainly own a home that has a mortgage on it and rent it out to someone else. But you will be buying the home as an investor rather than an owner occupant, so the down payment...

Buying or Selling a Home: Buying and Renting Out A House, buying a house, real estate agent
buying a house, real estate agent, good luck: Hello Caine. For an investor loan you will have to have between 20-25% down payment. You cannot rent the house out until you close on the transaction and own it(the bank holds a note on it if you get a loan.) The best way to find a house is with a real estate...

Buying or Selling a Home: Buying and Renting Out A House, buying a house, closing costs
buying a house, closing costs, good luck: It s going to be hard to get a mortgage on a second home unless you make a lot of money. I can t predict how much money it will take to renovate your potential new home, but closing costs will be approximately $10,000. No, you can t rent out a home you don...

Buying or Selling a Home: Buying and Renting Out A House, local realtors, advance preparations
local realtors, advance preparations, buying a house: Hello Caine, Thank you for your question. Owning real estate as an investment is great. You should try to do it. Before you can rent out or renovate a property you need to own it. You can certainly make advance preparations for renovation before...

Buying or Selling a Home: Buying and Renting Out A House, jessica bryan, buying a house
jessica bryan, buying a house, process of buying a house: Dear Caine; It all depends upon whether or not you can qualify for a loan for the remaining amount of money you must borrow in order to purchase the income property. I suggest that you contact a lender to get pre-qualified and to discuss your options, monthly...

Buying or Selling a Home: Buying and Renting Out A House, mortgage company, buying a house
mortgage company, buying a house, money down: If you buy a house, you can rent it out. Most loans for investment properties will be different than a loan for your primary residence. You ll be required to put more money down, etc. You should contact a Realtor that works with investment properties. ...

Buying or Selling a Home: Buying and Renting Out A House, time loans, real estate investment
time loans, real estate investment, subprime market: Dear Caine; Thank you for your question. I can really appreciate your desire to start the process of owning a portfolio of rental properties to help financially secure your future. You have to start somewhere and now if you can afford to buy a piece...

Buying or Selling a Home: Buying and Renting Out A House, buying, selling
buying, selling, fixing: Hi Caine... you actually have a couple question in this question... First congratulations on wanting to buy income property... your lending situation is different than we have here in California where I am... to buy income property we are more at a 20-25%...