About Experts Sitemap - Group 8 - Page 3 2014-08-26

Buying or Selling a Home: Utilities
Hello Henry, I do not know that much about internet service. You need to ask a tekkie at a computer store. Radio Shack must have battery chargers and internet info. A plug in the wall does not use electricity unless it is operating something. Han...

Buying or Selling a Home: Utilities, internet phone bill, gas mileage
internet phone bill, gas mileage, car 300: HENRY-- I don t know who you sent your AllExperts Inquiry to, but it wasn t me. I found it in the QUESTION BOX and saw that it had been unanswered for almost a month now.I suspect that whoever you sent it to should have eiother REJECTED it, as it s Questions...

Buying or Selling a Home: Utilities, internet phone bill, fruits and vegetables
internet phone bill, fruits and vegetables, ways to conserve water: Hi Henry, Your water bill sounds kind of high. You might find ways to conserve water. I am not sure if electricity is high for where you are. Here in Arizona, summer is the expensive time because everyone has to run air conditioning. If you have a high bill...

Buying or Selling a Home: Utilities, internet phone bill, top loading washing machines
internet phone bill, top loading washing machines, bells and whistles: Hi Henry, I usually do not answer the above-type questions. However, as to … ELECTRICITY: Newer appliances and heating/air-conditioning systems are usually more energy efficient and cost less money to operate. CABLE, INTERNET, PHONE BILL: Compare...

Buying or Selling a Home: Utitlies, internet phone bill, internet phone service
internet phone bill, internet phone service, florescent bulbs: 1. I am not sure by what you mean make it $90 a month . If you mean spend only $90 a month on electricity. There s not much you can do to save on showers other than what I mentioned. If your toilets are old, you can buy newer more efficient Energy Star...

Buying or Selling a Home: zoning, usda loan, county planners
usda loan, county planners, prospective loan: Real estate is local, no matter where you look, Michael. And anything having to do with zoning, is definitely local within that county. You must talk with the local zoning officials, being the county planners, etc. If your prospective loan is sanctioned by...

Buying or Selling a Home: abandoned property, title insurance company, luck jim
title insurance company, luck jim, finance dept: Even though the owner didn t pay 09 taxes, the Tax Assessor s Office SHOULD have the name & most recent address of the owner on record.With that and any/all other info you ve obtained,visit the nearest TITLE INSURANCE COMPANY & ask for their help in finding...

Buying or Selling a Home: acquired house through tax deed, chief deputy treasurer, tax deed
chief deputy treasurer, tax deed, aol: It depends in which state the property is located, Connie. Since you did not tell me where the property is located, you will have to verify with the local tax agency, most likely the chief deputy treasurer. In some states, yes, all you have to do is to pay...

Buying or Selling a Home: Backup offer unsigned, short sale relisted, first contract, mr dennis
first contract, mr dennis, unmarried couple: It is obvious that your agent is not that experienced, especially with short sales. The seller basically has no sayso as to the acceptance of your offer. Yes, they must sign it, but only after their lender has chosen you, or anyone else for that matter, as...

Buying or Selling a Home: Builder bankrupt, real estate, builders
real estate, builders, las vegas: Dear Phoebe, I certainly feel for you and your family - what an ordeal. Instead of a dream home this has turned into a nightmare. Are you sure you really want to buy a home from this builder??? I would certainly be questioning the quality of his work. Who...

Buying or Selling a Home: Buying house w/ Mother-in-law, tax ramifications, right of survivorship
tax ramifications, right of survivorship, jessica bryan: You should go to an attorney to have the title drawn up and a good contractural agreement that protects everyone. There are considerations like right of survivorship since something could happen to one or more of you and the property would become part of...

Buying or Selling a Home: brokers trust account, b ryan, trust account
b ryan, trust account, aol: B. Ryan. What must be done is for the broker to prepare a release form for the buyer and seller to sign . . . then the money is released to whomever it is agreed to receive it. The buyer has no obligation to the broker, therefore, the broker cannot ask for...

Buying or Selling a Home: Cancel Contract in Virginia, brick wall, ryan homes
brick wall, ryan homes, deposit money: You ve been very patient, Jae, . . . and naive. Sometimes being patient allows the other party to take advantage of you. And that is exactly what they have done. Because they have not lived up to their end of the contract, send them a letter, certified mail,...

Buying or Selling a Home: Capital gain on a two-family house, certified public accountant, depreciation schedule
certified public accountant, depreciation schedule, irs problem: They are different, Mike. The %500,000 (for husband and wife, filing jointly) can be used only for residential (their primary home) property), providing they have lived in their home in two of the last five years. The rental portion is treated totally different....

Buying or Selling a Home: Closing Agent, settlement agent, page portal
settlement agent, page portal, attorney fee: Gloria, Generally, title closers are used for BUYERS. A Seller only needs to transfer ownership at a closing and possibly sign a few other documents. Have you called (1) a HUD office in your area, or (2) your attorney and requested invoices as I suggested?...

Buying or Selling a Home: Common Property owners, purchase money mortgage, real estate mortgage
purchase money mortgage, real estate mortgage, mortgage markets: ORKGINAL RESPONSE: Homeownership is possible, BUT with the Real Estate & Mortgage Markets as weak as they are these days--defaults and foreclosures galore--one must have an EXCELLENT CREDIT HISTORY to be approved for a Home Loan! FOLLOW-UP TO YOUR...

Buying or Selling a Home: closing delays, Article One, Article 1
Article One, Article 1, Code of Ethics: Hello Tom - Please accept my apology for the delay in my reply. I recommend you contact the agents Designated Broker. This person is the person responsible for supervising the agents in their firm. Tell the broker your story and ask for them to review the...

Buying or Selling a Home: closing paperwork, escrow companies, sara title
escrow companies, sara title, optional service: Hey, Sara. Title and escrow companies love to make copies in advance and give them to their Clients as an exact document, and this is a great example of why Clients should not accept them as such. An exact document has two signatures on it, the company...

Buying or Selling a Home: Disclosure by a seller, earnest money agreement, local real estate
earnest money agreement, local real estate, aol: Like you indicated, Richard, just about every state requires the seller to reveal everything he knows about the property he is selling, even if it is not obvious. If the seller does leave something out, intentionally or inadvertantly, he could be liable. Each...

Buying or Selling a Home: Earnest Deposit, time home buyer, first time home buyer
time home buyer, first time home buyer, first time home: Hey, Sid. Probably not. It s been that way for hundreds, maybe even thousands, of years. There s always one person who ruins it for everyone else, so as soon as that one buyer who had been pre-approved and put in a bid on a house upped and decided that...

Buying or Selling a Home: Earnest Deposit, time home buyer, purchase contract
time home buyer, purchase contract, paperwork: Hey, Jack. I can t answer your question because I don t know what state you re in and I don t know what your purchase contract says. If you d like to call me at 619-341-0173 I should be able to help you better, or you can email me at russelraypc@aol.com...

Buying or Selling a Home: Land Contract problems, concrete slab foundation, thorough background check
Buying or Selling a Home: Land Contract problems, concrete slab foundation, thorough background check, land contracts

Buying or Selling a Home: faulty well, disclosure requirements, repair history
disclosure requirements, repair history, statue of limitations: Sorry John for the late reply, I am quite new to this forum. As far as insulation, the only way to verify is thermo imaging or to remove a portion of wall covering to inspect for insulation. I would recommend thermal imaging of the entire home, then if...

Buying or Selling a Home: A fixer upper, contingency period, nickel and dime
contingency period, nickel and dime, disclosure laws: Dear Orlando: I hope that you had a home inspection service inspect the home during your sale contingency period. You are entitled to such an inspection and have recourse to accept the findings, ask the seller to make some or all repairs, or come to a compromise....

Buying or Selling a Home: foreclosing on deceased's property, heirs, severity
heirs, severity, realtor: I don t know what you are referring to when you talk about debt liability. If you mean the mortgage, taxes etc., then yes, the debt stays with the property. If it is not paid property can be foreclosed upon. This question really should go to an attorney...

Buying or Selling a Home: forfeited deposit on a real estate sale that didn't close, nassau county clerk, flood insurance
nassau county clerk, flood insurance, conditional commitment: The deposit is exactly where it should be, Melanie. Your broker CAN NOT release the deposit to either you or the buyer until it is decided, in written documents I am sure your broker has, who should get it and how much of it. The broker actually does not want...

Buying or Selling a Home: goverment homes, wife lives, rest of our life
wife lives, rest of our life, blood disorder: Since it is a government insured home (assume so since they financed it), you should go to the government to help you with the home. By going to the government I mean you should talk with or write to (have someone who does a better job with grammar and spelling...

Buying or Selling a Home: Home Inspection/Contingencies, floor joists, new carpet
floor joists, new carpet, typical contract: MELISSA-- The laws governing Real Estate differ from State to State, but typical CONTRACT LAW usually prevails. As I m not an Attorney, I cannot provide legal opinion,give legal advice or guidance or I could be accused of practicing law without a license....

Buying or Selling a Home: heir to condemned mobile home, mobile home park, double wide mobile home
mobile home park, double wide mobile home, sole heir: Hi Ken...I m not an attorney, but I don t see how your wife would have any liability in this instance. The title is NOT on her name, right? I would either walk away, or even contact a mobile home dealer in the area to see if they want to get the space to...

Buying or Selling a Home: "Illegal" Shed, property disclosure form, fisherville ky
property disclosure form, fisherville ky, states real estate: Hi Joe, If Covenants and Restrictions were in place at the time of your purchase and this shed was not an approved shed, you are not grandfathered in on the basis that the previous owner did not obtain approval and/or put up an approvable shed. If the...

Buying or Selling a Home: Insurance for investment properties, john hyre, umbrella policy
john hyre, umbrella policy, protective manner: Hi David, Sounds like you re on the right track. May want to consult a legal advisor to make sure you structure the ownership of your assets in the most protective manner . Think of the insurance as the archer in the watchtower , and the LLCs, Trusts,...

Buying or Selling a Home: Land Contract problems, pvc pipes, hot water heater
pvc pipes, hot water heater, water pipes: Land contracts are the primary way of owning and conveying property in Michigan, Norm. But what is a hassle about it is that the buyer actually doesn t own the property until he has lived up to all terms and conditions that he agreed to when he signed that...

Buying or Selling a Home: Lease to own transaction, buying, selling
buying, selling, contingancy: Hi David... No typical anything in real estate... you need to find a figure that is workable to all parties, and keeps you protected... how much of the rent goes to the option, and how is the option handled.. you should have a realtor or lawyer on your...

Buying or Selling a Home: Loan to a family member, county clerks office, real estate mortgage
county clerks office, real estate mortgage, real estate closings: Hey TTIME-- The Real Estate,Mortgage & Banking Regulatons differ somwhat in all 50 states. To the best of my knowledge, however,such an arrangement is OK in each if all of their laws are followed.I urge you to check this out with an Attorney who specializes...

Buying or Selling a Home: Mobile Home loan default, Chattel, Deed of Trust
Chattel, Deed of Trust, Promissory Note: Hello Joe - Let me begin by apologizing for the delay in my reply. In providing appropriate direction the following question must be determined. The fundamental difference between a Chattel loan and a Mortgage Loan is whether the mobile home (manufactured...

Buying or Selling a Home: Moving from one home (with a mortgage) to another home, new mortgage, current real estate
new mortgage, current real estate, current mortgage: Dear Andrea; First of all you should talk to a lender to see what you qualify for. The market is still slow for selling a home and the market is still great for buying a home. Interest rates are still historically low so if there is a way to buy right now...

Buying or Selling a Home: marketing a property, false advertising, verbiage
false advertising, verbiage, commercial buildings: UNLESS THERE S SOMETHING MORE TO THIS THAN STATED, IT LOOKS LIKE FALSE ADVERTISING. FALSE ADVERTISING IS NOT ETHICAL, IT S ALSO IMMORAL AND I-L-L-E-G-A-L ! BEFORE YOU ACCUSE ANYONE OF VIOLATIONS OF SUCH SERIOUS NATURES,HOWEVER, YOU D BETTER HAVE ALL THE FACTS...

Buying or Selling a Home: maryland short sale properties, home warranty companies, proper sentence structure
home warranty companies, proper sentence structure, warranty company: that s the way it is with home warranty companies tammy go out and buy a new stove and write it up to experience or get the real estate agent to buy you another one You spell so beautifully, Tamaira, how come you don t make the effort to use proper sentence...

Buying or Selling a Home: New federal regulations for Condos?, real estate, las vegas
real estate, las vegas, condos: Hi Steph, I take it that you are getting a government loan (either FHA or VA) for this condo? The HUD condo guidelines are very strict, and the project has to meet their requirements for number of units sold to owner occupants, not investors, before they...

Buying or Selling a Home: Non-Profit Zero Closing Costs?, government assistance programs, time buyer programs
government assistance programs, time buyer programs, first time buyer programs: Hi Jack; There were certain first-time buyer programs, loan programs and government assistance programs that were available at one time or another. Right now there is nothing I know of other than the buyer incentive program that involves the tax rebate....

Buying or Selling a Home: Do we need to get preapproved?, real estate lawyer, jessica bryan
real estate lawyer, jessica bryan, preapproval: Dear Dawn; If you are going to get a loan the bank will do a credit check regardless of whether it is now or after the loan application is done. Pre-approval is usually done so that the sellers feel confident the the Buyer is qualified before they take their...

Buying or Selling a Home: Obligation, home selling, buying home in Maryland
home selling, buying home in Maryland: Your agreement with them will all be in writing and will have a specific beginning and ending date. Many contracts will require you give 30 days notice but most agents will let you out of it immediately. In your situation, the contract was contingent on...

Buying or Selling a Home: What are our options, escrow account, house sales
escrow account, house sales, 7 months: Hi Nanette, He must still be paying the mortgage if it s a short sale and not a foreclosure. He s probably close to foreclosure, but no, that s not a breach. The HOA fees are also not a breach, that s between him and the HOA. However, if in your lease...

Buying or Selling a Home: Paid mortgage, need lender off title, mobile home mortgage, mortgage need
mobile home mortgage, mortgage need, luck mike: Hi Larry...their signing off is all you really need now, no need to actually have the name removed unless you really want to. HCD has notice of it s removal, and you could wait until some future sale, etc. If you need it off now, go to CA. state website,...

Buying or Selling a Home: Property left by seller after closing, certified mail, locked storage
certified mail, locked storage, storage fees: Hi Tracy, I don’t blame you at all for being less tolerant now with this former Seller. Sorry to hear that he is taking advantage of your good nature. I am not an attorney and am not qualified to give legal advice, but I would not dispose of any of...

Buying or Selling a Home: Purchase home from mother, big mortgage, equal partners
big mortgage, equal partners, tax expert: First question answer: yes. But now you should ask your brothers to make sure what you are doing is approved by them. Otherwise, you re in for big trouble with the, for sure. Second question answer: Be sure to show your receipts and proof of the cost you...

Buying or Selling a Home: property deed, property deed, mortgage loan
property deed, mortgage loan, public record: Hi John, Thanks for your service! You were given the deed you you bought the home way back when and it was recorded and became public record at that point. So you have owned the home the whole time, it was just collateralized by your mortgage Since...

Buying or Selling a Home: public offering, property acquisition, estate security
property acquisition, estate security, business addresses: Sec. 47-92. Qualification of real estate syndicate securities; issuance of permit. (a) All real estate syndicate securities shall be qualified under this section. (b) The application for a permit shall be accompanied by a copy of the prospectus and...

Buying or Selling a Home: purchase agreements, real estate purchase agreement, curtains drapes
real estate purchase agreement, curtains drapes, real estate transactions: RYAN-- I get the feeling that I should reject this question as it has the feel of a Homework Question, and we re not supposed to answer them. Looks like a Multiple Choice, and ALL of them are OK! You can dig out your answer from my response below:...

Buying or Selling a Home: Removing deceased husband's name, title insurance company, direcor
title insurance company, direcor, deceased husband: WENDY-- I m so sorry for your loss! Actually, as every State has its own Real Estate laws, policies and procedures,I can t give you a specific answer to your questions. But here s what I suggest you do: (1)Check this out with the Funeral Direcor who...

Buying or Selling a Home: real estate comission, quiet title, formal complaint
quiet title, formal complaint, real estate agents: Hello Ryan, Thank you for your question. I can only answer for New York, but you can presume similar conditions in other states. Rarely does a seller try to evade payment of the brokers commission. Real estate agents work very hard with no compensation...

Buying or Selling a Home: My rented home is up for sale, new lease, early november
new lease, early november, first wife: Hey, Marvaline. You do have certain rights as a tenant there in D.C., including the right of first refusal as I understand it, so the for sale sign might, indeed, violate some laws. Contact Patricia Kennedy, a Realtor in D.C. She is excellent. I talked...

Buying or Selling a Home: revocable trust, revocable trust, divorce
revocable trust, divorce, commingled income: As long as the home was purchased ALL CASH, Steve, it would seem that the husband would not have a chance on getting any interest in the property. HOWEVER, if the husband s income was used to maintain the property and/or pay property taxes and insurance, he...

Buying or Selling a Home: revoke the transaction, buying, selling
buying, selling, fraud: Hi Jeffrey... In short no ... you can go after the seller in court for fraud (hard to prove beyond a shadow of doubt) to have the transaction rescinded... Here is my question, you are the buyer? Did you have an inspection? Did you do your due diligence?...

Buying or Selling a Home: Sell inherited land w/out all siblings' involvement?, mr dennis, florida land
mr dennis, florida land, paying taxes: You need to have John sign a Power of Attorney specifically for the business of disposing of that land. That means you will need to go see a real estate attorney to put together that and other documents that will help to convey the property to the next owner....

Buying or Selling a Home: Seller disclosure, seller disclosure, minimal representation
seller disclosure, minimal representation, substantial upgrades: Dear David; I am not permitted to give legal advice but as a Realtor I advise that clients make minimal representation for just the reason you described. Certainly one should never hide anything or provide the wrong information but sometimes providing too...

Buying or Selling a Home: Seller not list a existing problem on the Non Disclosure, mail receipt, letter mail
mail receipt, letter mail, drainage work: Hi Andrew, The hair on my neck literally stands up when I hear stories like this, and I’ll bet yours is, too. Try to get a written, notarized statement from your next-door neighbor about the major flooding, and the fact that he tried to get the former...

Buying or Selling a Home: Sellers disclosure, luck mike, ceiling fans
luck mike, ceiling fans, disclosure: Hi Michelle....that s why it s signed by both parties....just make sure they have signed it properly and the dealer has signed it. You might want to discuss settlement with the sales agency first. But you should have no problem in front of a judge, if it...

Buying or Selling a Home: Selling a Co-bought, Upside Down home, buyout, refinance
buyout, refinance, short sale: My guess, Andy, is that this guy is listening to someone he shouldn t be. However, the first thing you gotta do is to find out the home s value. You two can pay for a professional appraisal or ask two reputable Realtors for their estimate of value of the home....

Buying or Selling a Home: Selling Fire Damaged Property???, way over my head, experienced real estate
way over my head, experienced real estate, real estate agent: Get yourself an experienced real estate agent to represent you. That person will tell you up front what the property is worth and will represent you in any negotiations. Interview several agents to determine who you feel most comfortable with. This person...

Buying or Selling a Home: Short Sale, deficiency judgments, deficiency judgment
deficiency judgments, deficiency judgment, oregon real estate law: Deficiency judgments in Oregon are allowed, Steven, but very rarely done. If you were to abandone the house or turn the house into a rental, then yes, they can and most likely would seek a deficiency. Based on the information you gave me, Steve, you don t...

Buying or Selling a Home: Survey & MLS Acreage Doesn't Match, survays, opnion
survays, opnion, misrepresentation: If the difference in the size of the lot is unacceptable to you you MAY be able to withdraw your Offer without penalty if there was MISREPRESENTATION! and you based your Offer on having a certain size lot for yard purposes. Again, ask a Lawyer about this.And...

Buying or Selling a Home: sell now?, certified public accountant, issaquah wa
certified public accountant, issaquah wa, recovery thanks: Using the first option may be the best, Machi, since it is an investment and not your residence. However, I presume you have good credit and your mortgage balance, if you have any, is way down. Therefore, you can refinance it. Banks are reluctant to make refinance...

Buying or Selling a Home: sell half of my house, question pool, jim root
question pool, jim root, luck jim: I TERESA-- Whoever you sent these questions to must have rejected them & forwarded them to the QUESTION POOL.Even though the answers aren t what you ll want to hear, I think you DESERVE a rely! I really DOUBT that any Housing Associations would be...

Buying or Selling a Home: selling timber land, land for sale, selling land realtor
land for sale, selling land realtor: You could choose to list it for sale yourself, advertising on websites such as http://www.landwatch.com, or http://www.landandfarm.com. Another good website for you could be http://www.timberlandforsale.net. The only drawback to that is you ll be paying...

Buying or Selling a Home: shared driveway maintenance, certified mail, small claims court
certified mail, small claims court, clay missouri: Marta, Unfortunately if there is a law, it would be local to your area. There are no national laws of such that I am aware of. However, I would also consult a real estate attorney. You will most likely have to take them to small claims court to get a...

Buying or Selling a Home: short sale - Run, real estate mortgage, mortgage markets
real estate mortgage, mortgage markets, luck jim: HI MELINDA-- If you read my several responses to questions about SHORT SALES you must realize that I m not a big fan! Both the Buyer & the Seller are at the mercy of the Lender and the Mortgage Insurance or Guarantee Provider, who enter into a negotiation...

Buying or Selling a Home: TAXES, claim deed, unpaid taxes
claim deed, unpaid taxes, back taxes: Hey, Tina. In most cases, you will be, especially if you simply have the deed of the house signed over to you. Generally that is done using a quit claim deed, which deeds ALL the interests in the property, including unpaid property taxes. Hope that helps....

Buying or Selling a Home: Title Company error on HUD, financial consequences, company thanks
financial consequences, company thanks, title company: Yes, Rosemary. Go to the title company with your complaint AND your lender! Both should have known what your proper taxes were supposed to be. THEN go to a good local REAL ESTATE attorney to get this problem taken care of. I doubt if it is going to change...

Buying or Selling a Home: tenant rights, renting in maryland, landlord laws in maryland
renting in maryland, landlord laws in maryland: This is really an unfortunate situation that is happening to a lot of people in this economy. The only rights you have will be in your lease. If you initially signed a 12 month lease and have not renewed, then you would be on a month-to-month agreement...

Buying or Selling a Home: transfer of real property, constructive notice, encumber
constructive notice, encumber, due respect: With all due respect to you, Ryan, YOU are taking this test and it is YOU that should be looking up these answers. That way you will be assured you have the correct answer. I have answered one question for you already. I do wish you well. Dick Denni...

Buying or Selling a Home: transfer title to home, dallas county courthouse, county bureaucrats
dallas county courthouse, county bureaucrats, title insurance company: LANCE-- Go to the Dallas County Courthouse and visit the Records Section. The Clerk there should have all of the forms you need, and should be able to help you through the process of transfering title and recording it. OR Hire an Attorney or Para-Legal...

Buying or Selling a Home: use of term "house Trailer", Mobile Home, mobile trailer
Mobile Home, mobile trailer, house trailer: Mike - I am so sorry I did not reply sooner. I just learned of your reply, please accept my apology for the delay in my reply. Each state has different terms as well... such as in AZ we used the term mobile home until the 70 s when the appropriate term...

Buying or Selling a Home: Want to buy another house, fha loans, fha loan
fha loans, fha loan, educated guess: Hi Monique, You will need to speak directly with a mortgage broker that specializes in FHA loans to determine if you can legally rent out your FHA home and also qualify for a second home. My educated guess is that your FHA home would need to be converted...

Buying or Selling a Home: BID, mortgage profession, basketball court
mortgage profession, basketball court, pristine condition: Hi, Sorry for the delay in responding. I just received a notice from the All Experts site that your question was pending on the site; and I was not aware of this. I don’t think $950,000 is too low at all. In fact, it might even be a big high in my...

Buying or Selling a Home: Builder reduced price substantially after closing, new construction, market value
new construction, market value, contract negotiation: John, Interesting turn of events. Unfortunately, I am not sure what you can do about it. First, make sure the actual closed sale was $470,000. Not sure where the data came from so make sure it is a reliable source. It would be quite surprising that...

Buying or Selling a Home: buying with bad credit, mortgage loan officer, bargaining chip
mortgage loan officer, bargaining chip, foreclosed properties: Hello, Anytime you are dealing with credit issues and want to know what kind of financing is available, you need to talk to the money people, not the Real Estate people. Your local bank s Mortgage Loan Officer can help you with this. Please be sure to talk...

Buying or Selling a Home: CFD insurance, home contract, allexperts
home contract, allexperts, homeowners insurance: Yes, you re right, Steve. It is a lawyer question. But I can answer the best I can after 41 years in this business: Anybody can sue anybody. The judge or the plaintiff s attorney would decide if the suit is valid. Anyway, the way you presented your question...

Buying or Selling a Home: Changing Realtors, lucks, realtor
lucks, realtor, best interest: Dear Warren, If the first Realtor showed you the home and was the means for you to create interest on the property, the he or she will be Procuring Cause. And this Realtor should be the person representing you in this transaction, and getting compensated...

Buying or Selling a Home: Commission for selling my MH in Santa Clarita, CA, Mobile Home sale, comparing salesperson charges
Mobile Home sale, comparing salesperson charges, how to interview an agent: Hello Bobbi - Federal anti-trust laws prohibit real estate sales people from having discussions related to standardizing compensation. Each broker decides what activities and services they will provide and for what fee. Therefore, it is important when entering...

Buying or Selling a Home: Condo Maintenance Fee to Builder, jessica bryan, full disclosure
jessica bryan, full disclosure, condo fees: Dear Nav; There should have been a full disclosure given to you at closing. Did you have a closing attorney and if so you should contact the attorney immediately to discuss this with him/her. There can be a lien placed on your property if you don t pay the...

Buying or Selling a Home: cash sale to family member, member need, title and registration
member need, title and registration, park management: Hi Angie....the buyer MUST be 55+ and approved by the park management(pick up app. at the office). This must be done before anything else! Once the park approval is received, you can simply go to the local HCD office with the title and registration (think...

Buying or Selling a Home: credit report, financial bind, credit score
financial bind, credit score, bankruptcy: Well, I am not going to lie. Bankruptcy will hurt your credit score. But depending on what your debt(s) are, they could hurt your credit more and longer. Bankruptcy, while it will hurt your credit up front, you should be able to get a car or house after...

Buying or Selling a Home: Exlcuding people from viewing house, Valid, Bank
Valid, Bank: Depending on your state of residence there may be some specific rules or laws, however generally you may ask your agent to assure that each and every prospect that will be viewing the home have a valid prequalifying letter from a Bank prior to any showings...

Buying or Selling a Home: Finding a *true* sellers agent, satisfactory experience, personal agent
satisfactory experience, personal agent, sellers agent: All those marketing ideas you present are quite familiar to me, Christy. In fact, I know of a bunch more. You chose an agent after interviewing four of them and THAT is the one you chose? One thing I totally abhore is when an agent takes a listing and then...

Buying or Selling a Home: First Time Homebuyer, cash assistance programs, google searches
cash assistance programs, google searches, jessica bryan: Dear Jan; Regardless of how much experience I have had, there are always new laws,changes and plans to assist first time homebuyers. These not only change from year to year but from state the state and region to region. There are matched grants and cash...

Buying or Selling a Home: family home, dear diana, jessica bryan
dear diana, jessica bryan, back taxes: Dear Diana; First of all; is the home rightfully (as per will) your uncle s home? If so, then you have no claim to it other than going to him to offer to help him out of it by paying the back taxes and buying the home from him. An attorney might be able...

Buying or Selling a Home: High Turn Over on one home, crime stats, google
crime stats, google, red flag: Hi Pat, Is it a small house? Perhaps it gets outgrown? Have you checked the crime stats in the neighborhood? What about driving by at 1am? It s important to visit a neighborhood at different times. Short of contacting the old owners, the best way to...

Buying or Selling a Home: What happens to credit score after bankruptcy?, financial bind, bankruptcy attorney
financial bind, bankruptcy attorney, credit score: Sorry to hear of your sisuation, I can only hope things get better. I would reccomend you consult with a local bankruptcy Attorney, prior to filing. As for how it will affect you, it will be on your record for some time.As for your credit score, look at it...

Buying or Selling a Home: Landlord is putting the house my family is renting on the market.., lockboxes, lockbox
lockboxes, lockbox, landlord: Hi Sherry, Your Landlord can sell the house you are renting, but any rental/lease agreement you have with your Landlord will convey with the sale. In other words, you cannot simply be “booted out.” Check your lease to determine if you are now on a month-to-month...

Buying or Selling a Home: LLC and home ownership, teacher next door program, time home buyer
teacher next door program, time home buyer, first time home buyer: It would go under the business name, however, the owners would also be on the title. Some of these programs have it that you can not own another house for 2 years. Check the ownership rules to make sure. Now if you do this, and if you get caught, you could...

Buying or Selling a Home: Manipulative neighbor, arcata ca, zillow
arcata ca, zillow, steady decline: Dear Carl; My first question to you is: Was anything put into writing guaranteeing the neighbors first right of refusal? If there is no contract between the two parties that proves that your father did this then you are free to sell the home to whomever....

Buying or Selling a Home: Mobile Home, oakwood mobile home, oakwood homes
oakwood mobile home, oakwood homes, luck mike: Hi Jami....Skyline Homes (our factory supplier) makes an Oakwood Model,so that may not be what you are after. But I did find Oakwood Homes on the East coast. You didn t say where you were from, but I m on the opposite part of the country, and there are lots...

Buying or Selling a Home: mobile home comps for tax assessment, fleetwood mobile home, tax assessors office
fleetwood mobile home, tax assessors office, home comps: Hi Em...you can ask for comps from a local dealer, however they may not co-operate. The State and county have their own formula for figuring taxes....a comp. estimate won t help you. You could try going right to the county tax assessors office and question...

Buying or Selling a Home: outstanding lien after close of escrow, insurance claim, layperson
insurance claim, layperson, title company: In answering your questions as you posed them, the credit bureaus report what is reported to them by the lenders, Eric. So, it doesn t matter what you used the loan for. If you want to have bad marks removed, you will have to write to them and explain why...

Buying or Selling a Home: outstanding lien after close of escrow, insurance claim, layperson
insurance claim, layperson, title company: Hi Eric, Fortunately, I ve never had a client need to file a claim on their title insurance, but it is my understanding that this type of claim is exactly what title insurance is for. It s puzzling to me that they ve forwarded this to their attorney. ...

Buying or Selling a Home: outstanding lien after close of escrow, making home affordable programs, 2nd loans
making home affordable programs, 2nd loans, short sales: Hi Eric, sorry your question got lost and I was answering another and found your question...again sorry... Sorry to hear you are in this delima.. I think a consult with a Real Estate lawyer is up your alley at this point.. the loans you took are assistance...

Buying or Selling a Home: Paid off loan, payoff mortgage, deeds and liens
payoff mortgage, deeds and liens, selling my home: Dear James, Thanks for your question! I am not sure if Oregon is a Title state or a Lien state. What I mean is if you hold the title of the property and the bank puts a lien on the home to ensure they get paid in the event of a transfer of deed, or if...

Buying or Selling a Home: After purchase, errors and omission insurance, arbitration clauses
errors and omission insurance, arbitration clauses, basement leaks: Dear April: Please check your contract and all of your documents. Did the home inspector check over the basement? If he did and noticed no problems, it may be that was caused the problem is not able to be visible. The inspector may or may not have errors...

Buying or Selling a Home: purchase agreement, daughters name, daughter sharon
daughters name, daughter sharon, professional letter: Before anything is done, Dom, my suggestion would be to write a very sincere, professional letter to the buyer of Beverly s house and advise him of the health situation of Beverly, which pretty much substantiates the reason why the house was put in her daughter...

Buying or Selling a Home: Real Estate, small claims court, property boundaries
small claims court, property boundaries, boundary lines: Dear Joe: I hope that you have the realtor s statement in writing. It would be hard to prove unless you could confirm that was what the realtor told you. If it was your realtor, then discuss this with the realtor s office manager or office owner. If...

Buying or Selling a Home: Rent to Own, house painting, lease contract
house painting, lease contract, cosmetic changes: Hi Ruby, Thank you for your question. First look at the lease/contract and see what it says there. If the two parties made an agreement they should stick with it. If it does not specify whether the tenant can make changes the logical thing to do would...

Buying or Selling a Home: Rent to Own documentation, http://www.CentralTexasHomeRebates.com, http://www.RebateonTexasHomes.com
http://www.CentralTexasHomeRebates.com, http://www.RebateonTexasHomes.com: Yes, You will need all of this so that the seller can be sure that you are qualified to buy the home. In this market things are a lot tighter and they want to be sure they are working with qualified buyers. Good luck to you. Hope it all works out wonderfully....

Buying or Selling a Home: What should a realtor do to sell a home?, drop in the ocean, decent size
drop in the ocean, decent size, radio ads: Hi again, David, Since I now know that you have a property that is listed in our market, I unfortunately can t make any more suggestions or give any advice as that is against the ethics of our Board of Realtors. I can wish you much good luck and I hope...

Buying or Selling a Home: Selling 49% of my mountain home, Partnerships, Joint tenancy
Partnerships, Joint tenancy, Tenants in Common: Hello David, I m not exactly sure what your question is? Of course, you can sell an interest in your property. That s no problem. But I wonder if you have thought this through. You are talking about going into partnership with someone you don t know. ...

Buying or Selling a Home: Selling a house, selling a home, centraltexashomerebates.com
selling a home, centraltexashomerebates.com, title co: Hi Russell. You will need a clear title to close your home. You could get the home under contract and when the title is clear you can close on the home. Maybe the buyer could lease the home from you during that time. That way you can earn some income while...

Buying or Selling a Home: selling a home, unpaid balance, local real estate
unpaid balance, local real estate, breaking the law: You don t say in what state the property is located, Joyce, therefore, I recommend you ask that question of your state s attorney general s office or your local real estate attorney. I do know in most states that is considered a lottery and if you are not...

Buying or Selling a Home: septic system, errors and omissions insurance, sewer company
errors and omissions insurance, sewer company, purchase documents: This is a case for super attorney, Kelly. First, your Realtor has errors and omissions insurance. The real estate attorney will jump on that. Then jumping on the defective county records would be next. They are going to assess the value of being attached to...

Buying or Selling a Home: short sale agreeent, facts of life, occurance
facts of life, occurance, home inspection: All that has to happen (or not happen in this case), Craig, is for you to not get your copy of acceptance, if you want to back out. No problem. However, be aware that this is a common occurance in short-sale transactions. While the seller may have accepted...

Buying or Selling a Home: Title Problem, Cloud on deed, service by publication
Cloud on deed, service by publication, remove owner from deed: Hello Lois - This took me a while to gather the information from a trusted legal source in Arizona. You must seek an attorney to resolve your dilemma. One way to accomplish this is to file the court documents and do service publication Arizona, if you cannot...

Buying or Selling a Home: Is that all there is?, douglas county oregon, jessica bryan
douglas county oregon, jessica bryan, paying off your mortgage: Hi Jim; Congratulations on paying off your mortgage. You already received a deed but it had a mortage or lien on it which is now free of any mortgage, so if you can get a copy of the recorded payoff with a new deed that reflects that it would be important...

Buying or Selling a Home: Assumptions, states marine corps, united states marine
states marine corps, united states marine, soldiers and sailors: It doesn t make sense, Mr. Simmons. The person who sold you the land and the mobile home should have made sure you received title to both properties (real and personal--yes, a mobile home is personal property, like a car). If you had a Realtor who was helping...

Buying or Selling a Home: Auction sale, jessica bryan, deposit bond
jessica bryan, deposit bond, contract binding: Hello Jodie; It depends what the contract said and what you signed for. If it required $50,000 and now the check they are holding is for $25,000 then you are in violation of contract and while the contract can still be in force they may ask you to reflect...

Buying or Selling a Home: Buying, bank owned, purchasing foreclosures
bank owned, purchasing foreclosures, short sales: Andres, Short sales can take a long time to close escrow and are sold AS IS with no repairs being made by seller or seller s short sale lender. Some banks are becoming faster at approving short sales but in my experience it is very dependent on the listing...

Buying or Selling a Home: Buying, loan origination fees, california central valley
loan origination fees, california central valley, jessica bryan: Dear Andres; Not all of the posted online information is accurate and up to date. In addition there are varying conditions that will reflect the different rates. The only way of knowing for sure what the rates are and all of the requirements is to call the...

Buying or Selling a Home: Buying a California Home, real estate broker license, investor questions
real estate broker license, investor questions, foreclosure homes: Ty, Let me first say that I think you should consult a Real Estate Attorney for a proper answer to these questions, just so you re safe. It is my understanding that the laws regarding the contacts only apply to licensed individuals. That would mean...

Buying or Selling a Home: Buying a home, property in india, legal question
property in india, legal question, percentage share: Hello Kevin, Thank you for your questions. I think this is more of a legal question and I am not familiar with real estate/banking law in India. I will try to answer based on what I know from New York. (1 & 2) If you currently own the house you...

Buying or Selling a Home: Buying a house with delinquent taxes., owner finance, delinquent taxes
owner finance, delinquent taxes, back taxes: No. If he owes back taxes and has not paid them, how is he going to finance the house to you? He would have to pay the taxes in order to do this. Call the city/town and talk to the tax person, and find out when the tax sale is. If not on it, then you...

Buying or Selling a Home: have put dep on mfg home in NJ, escrow officer, problem accounts
escrow officer, problem accounts, legal question: Dan....cash or not, you should still go through escrow! You have no idea if the title is clear, taxes up to date, easement, etc. If you still want to go ahead without knowing all this, at least call an escrow office that does mobiles and see if they will...

Buying or Selling a Home: Family Cottage Sale - cost Basis Q, irs publication 551, certified public accountant
irs publication 551, certified public accountant, irs purposes: Hi Jon, Sorry for the delay in responding to your question. Your question is more a tax question than simply a real estate question, and I agree with you that your circumstance can be a very confusing topic. I am not qualified to give tax advice....

Buying or Selling a Home: When do real estate commissions apply?, benefit, agency agreement
Buying or Selling a Home: When do real estate commissions apply?, benefit, agency agreement

Buying or Selling a Home: first time buyer questions, jessica bryan, first time buyer
jessica bryan, first time buyer, first time buyers: Dear Kevin; With four unrelated people buying a home you need to make sure that you take title correctly and should consult an attorney about ownership and responsibilities if someone defaults on payments. A lender will have difficulty with qualifying each...

Buying or Selling a Home: What form should I use?, title, home ownership
title, home ownership, borrower: Best to consult with your loan professional and a title officer on best way to handle this request. Money put in the deal by this friend will most likely need to be documented for the lender. The friend may be able to be added to trust deed but specifics...

Buying or Selling a Home: Home loan, good faith estimate, escrow account
good faith estimate, escrow account, loan agent: Hi Chris, Definitley talk to more than one loan officer to find one that you trust. As part of your mortgage payment you are required to pay into your escrow account to pay property taxes. I m not sure what property taxes are in Georgia, but some...

Buying or Selling a Home: House with One-less bedroom, disclosure statement, original construction
disclosure statement, original construction, construction check: Hey, Mark. Absolutely you should be concerned. A house with more bedrooms typically costs more than one with fewer bedrooms, and you also need to be concerned about permitting issues. If the proper permits were not pulled and the work inspected and signed...

Buying or Selling a Home: House with One-less bedroom, buying, selling
buying, selling, coversion: Hi Mark, The list price should take into consideration that fact that the property is in realty a 2 bedroom home. Typical a 2 bedroom will not fetch the price a 3 bedroom will, more amenity/value in 3 bedrooms, and easier to sell later on. The fact...

Buying or Selling a Home: Housing, mortgage money, question board
mortgage money, question board, sorry for any inconvenience: Hey, James. That equity can be particularly valuable if you have a catastrophic health problem that is not covered by insurance, or where insurance caps it. If you re renting, you d have to pay twice the rent to cover something like that, once in rent,...

Buying or Selling a Home: house transfer, parents name, worth the risk
parents name, worth the risk, legal descriptions: Hi Michelle, Sorry for the delay in responding to your question. Any good real estate attorney can handle this for you. In my area, the charge for this could be anywhere from $75 to $125. You might find a less expensive way to get it done, but when...

Buying or Selling a Home: Inspections, california central valley, buying a foreclosed home
california central valley, buying a foreclosed home, wall framing: Hey, Andres. Under optimum conditions, a home inspector would be expected to crawl under the house to look inspect the foundation and utilities such as plumbing. Things that could prevent that include inadequate clearance, dangerous conditions, no access,...

Buying or Selling a Home: Liens against house we're buying, child support liens, buyer client
child support liens, buyer client, scary situation: Hi Jeni, You should read your Contract of Sale for starters and see what it says about the Seller delivering a clear title. Generally, you find out about the true status of the condition of title on a property by having a title search performed. This...

Buying or Selling a Home: Do I lose my Tax Benefit from home sale if I finance ?, capitol improvements, capitol gains
capitol improvements, capitol gains, lucrative deal: Oh raw land... take the deal... I would try for perhaps 3.5% to help cover costs (booking, making sure taxes are paid that type of thing) but take it... land is tricky at best... and sometime really worth nothing... good luck... be sure to have the deed...

Buying or Selling a Home: owner financing with back taxes owed, owner finance, back taxes
owner finance, back taxes, owner financing: Unless your credit is very good, Noah, and you can get a loan from a legitimate lender somewhere, I do not see much hope for you. If you have a relative or friend who is willing to help you in the purchase of the property and making sure the property taxes...

Buying or Selling a Home: Pulling out of a real estate contract I am the seller, real estate contract, foley
real estate contract, foley, mortgage lending: Dear Margaret: Yes, you can be sued. It is called SPECIFIC PERFORMANCE. And, if the buyer wins, you have to sell the buyer the house at the price that was in the contract, even if prices go up and the house is worth more at the time of the law suit. ...

Buying or Selling a Home: parents home in foreclosure, has been list today, mortgage loan company, immediate family members
mortgage loan company, immediate family members, conflict of interest: The bank assumed you would buy your parents house via a short sale transaction, Jim. Since the lender would lose money in allowing you to buy the property, that is where the conflict of interest comes in. Anybody in the world is permitted to buy a house...

Buying or Selling a Home: porting, jessica bryan, mortgage lenders
jessica bryan, mortgage lenders, townhouse: Dear Helen; I cannot speak to each and every kind of mortgage out there nor can I talk about what is unique to Canada; but I can say that what I do know is that mortgage lenders in this area do not allow a mortgage to transfer to another property. When a...

Buying or Selling a Home: property question, real estate broker, property question
real estate broker, property question, life estate: Yes, I understand, Russ, that s why I am recommending talking to a real estate attorney. You see, real estate is the land. This you know. But real estate is EVERYTHING connected to that land. If the house has no foundation, then it is sitting there illegally,...

Buying or Selling a Home: purchase and sale agreement, Short Sale, Price
Short Sale, Price: Tough question. Everything depends on the contract and how it is written. 1. You mentioned short sale , did the lienholder and everyone else involved in the transaction approve the price? 2. The short sale addendum may tell you when the buyer can walk...

Buying or Selling a Home: When do real estate commissions apply?, procurring cause, buying a home
procurring cause, buying a home, listing agent: Susetta - It is not uncommon for potential buyers to call a listing agent to ask questions about a home. It is also not uncommon for a potential buyer to come to an open house and ask questions of the the hosting agent (whether or not that be the same...

Buying or Selling a Home: a ripoff by handyman services, Home Inspection, home repairs
Home Inspection, home repairs, home warranties: Hey Anna, Sorry for the late reply, I have been Brooke Army Medical Center in San Antonio, TX. Yes you have a case, the company should have had you sign a fee agreement prior to services rendered. Also the repair tech should have consulted with you...

Buying or Selling a Home: Sibling Buyout, mold cleanup, window leaks
mold cleanup, window leaks, lead pipes: Hi Alex, As stated in my first response, an appraisal of real property is the basis (unless challenged) a person would most likely use for ESTATE purposes. The real property (in this case your father’s home and land) might be only one of what could be...

Buying or Selling a Home: short sale, necessary documents, 7 months
necessary documents, 7 months, foreclosure: Just one word, Donna: Nope! When it comes to conveying the title to a buyer, it doesn t matter whose name is on the mortgage. It s whose name that s on the title to the property that counts, Donna. That is the person(s) who must sign the necessary documents...

Buying or Selling a Home: Terminating Contract, Poor agent performance, listing contract cancellation
Poor agent performance, listing contract cancellation, Code of Ethics violation: Hi Karen - I would recommend a trip to the real estate office to speak with the owner and or Designated Broker. These are the individuals that are responsible for supervision of the agents and hopefully care about the goodwill of their reputation. The recollection...

Buying or Selling a Home: Title Issue for Abandoned Bank Repo, bank repo, rental payments
bank repo, rental payments, owner financing: Hi Janelle....the fact that the home is still there doesn t mean the bank has no interest in it. Most banks gave gotten out of this type of lending because they didn t understand that the PARK has the priority lien. My suggestion is to #1. Go to the park...

Buying or Selling a Home: When is Under Contract Agreement Void, contract agreement, real estate agent
contract agreement, real estate agent, contingency: In my opinion, Carol, you should call in a different Realtor (two or three would be nice). And ask that person (the one you choose) what is his/her opinion. They will not want to take a listing if the other one is still valid. But they will investigate. ...

Buying or Selling a Home: appraisal, buying home in maryland
buying home in maryland: Wow David, that is really a shame. He is working for YOU not the buyer. I can see that he wants to get the deal done but there is no reason he can t put it in an email. Does he know how to email? Believe it or not there are a couple older agents in my area...

Buying or Selling a Home: appraisal, buying, selling
buying, selling, appraising: I hope everything worked out for you... would love to hear back... if you have cancelled out of that deal and are looking for a new agent, I work referrals all over the country due to the large number of educational seminars I attend and group networking sessions...

Buying or Selling a Home: appraisal, buying house in maryland
buying house in maryland: Thank you so much for the great rating David! If the buyer does bring cash to closing and the contract is not changed at all from the original contract, then you are most likely locked in. The financing contingency is in the contract to protect the buyer...

Buying or Selling a Home: appraisal, contract states, contract price
contract states, contract price, contract law: Hi David, Sorry for the delay in responding. I somehow must have scrolled past several emails and missed yours, because All Experts has just notified me your question is pending. You should read your Contract for any other language regarding the appraisal...

Buying or Selling a Home: appraisal, house price, contract price
house price, contract price, purchase agreement: Hey, David. As I understand it, you have a purchase agreement that both you and the buyers have signed. The appraisal came in at a price below that. If nothing else changes, the buyers can still buy at the original agreement price but they would have to...

Buying or Selling a Home: appraisal, contract states, legal bills
contract states, legal bills, contract price: You have several questions here which can not be answered without reading the original contract and knowing your particular state laws. If the contract states that your house must appraise for the selling price or at least the mortgage price, then you no...

Buying or Selling a Home: appraisal, Home didn't appraise out, Appraisal lower than purchase price.
Home didn't appraise out, Appraisal lower than purchase price.: Hello David: I don t know all the particulars of your situation but here s some points. A) I m assuming that since the appraisal came in lower, the bank is prepared to deny them financing based on the current contract. If this is not the case, if the...

Buying or Selling a Home: appraisal, price doesn, contract price
price doesn, contract price, closing cost: Thanks, first the refrigerator is personal property, it has nothing to do with the purchase? In most cases the buyer and seller work to the appraised price. Remember the home must appraise.The lender will require the home to appraise, for them to get the...

Buying or Selling a Home: appraisal, jessica bryan, contract price
jessica bryan, contract price, house price: Dear David; You can negotiate either way--in writing or over the phone. Negotiating in writing is a more efficient way to do it since there is proof of what is agreed upon. Once agreement is made it should always be in writing. Any time there is a change...

Buying or Selling a Home: appraisal, Written Contracts, Amendments
Written Contracts, Amendments, Contingencies: All Ways have contracts in writing!!!! Depending on what state you live in and their contracts, this should be some type of Amendment, Counter Offer, or perhaps it will be on the Appraisal Contingency. It may be no more than one page, but make sure you have...

Buying or Selling a Home: appraisal, multiple listing services, real estate negotiations
multiple listing services, real estate negotiations, foley: Dear David: First of all consider that if one appraisal came in low, the chances are likely that so will the second one. Apprisers have access to the multiple listing services, and facts are facts. Plus, you cannot choose your appraiser. You might, however,...

Buying or Selling a Home: appraisal, Appraisal, contract
Appraisal, contract, sales price: Hi David. At this point I would get everything in writing. You could have your agent make the call to get the price set, but I would have it sent over in an e-mail so you can see it in writing. Then have your agent fill out the sales price in an Amendment...

Buying or Selling a Home: appraisal, contract price, buyers agent
contract price, buyers agent, contingency: Hi David, The contract is not void. You can either agree to lower the sales price to the appraised value or your buyer can choose the bring the difference between the contract price and appraised value in cash to closing (not likely in todays market)....

Buying or Selling a Home: Buying existing home, new home builder, code of ethics
new home builder, code of ethics, one saturday: So sorry about your bad experience. I am not sure if the home was listed with a REALTOR or not? If it was directly from the builder, then in most states they do not have to abide by a code of ethics, but if it was listed and they signed your contract, then...

Buying or Selling a Home: Buying a Home, jessica bryan, m fernandez
jessica bryan, m fernandez, credit scores: Hi Julia; Your friend can get the home but the loan will remain in the friend s name and he or she will be responsible for the payments unless a transfer of title and loan takes place. Just transferring title won t be good enough since the lender will not...

Buying or Selling a Home: buy a house, buying, selling
buying, selling, contingancy: Hi Gary, I can help you on the re-sale end of buying... purchase from a builder is altogether different. Builders mainly do in-house sales, you can check in with a realtor but then you are on your own... and Texas is very (I call it) gun slinger... the...

Buying or Selling a Home: buy or keep renting?, education credentials, correct money
education credentials, correct money, investing money: Your key phrase is, . . . when we don t know how long we will be living in this area, Lisa. And then you say it ll take 3-4 years — minimum — before his education credentials will allow him to find a job. You don t say in what location you live, so there...

Buying or Selling a Home: buy or keep renting?, correct money, complicated question
correct money, complicated question, hypotheticals: Hi Lisa, Wow! That s a complicated question! As a Realtor, I would say that it is always better to buy than rent. Let s look at some hypotheticals. If: you rent for the next few years then: you lose all of the money you spend on rent, however IF: ...

Buying or Selling a Home: buy or keep renting?, buying, selling
buying, selling, appraising: First Lisa, you need to see what you are qualified to purchase.. that will really determine what may be best for the family... a $1,000 rental for 4 people? is a good deal (at least here in Calif) a house payment most likely will be more and then you ll have...

Buying or Selling a Home: buy or keep renting?, Buy vs Rent
Buy vs Rent: Hello Lisa, Ah, to Buy or not to Buy is the Question, wither it is better to rent or to buy? Well, I m afraid you re asking for another Crystal Ball answer. The best I m going to be able to do for you is give you some pros and cons. Pros, loan rates...

Buying or Selling a Home: buy or keep renting?, buying, homes
buying, homes, renting: Hi Lisa I would probably rent till he is done unless he will take more then 4 years. It takes about 9% of the sales price of the home to sell it, so your home would have to increase at least 10% to just break even. With todays market you may not get there....

Buying or Selling a Home: buy or keep renting?, least five years, correct money
least five years, correct money, financial planners: Hey, Lisa. Most financial planners say that if you buy a house, you should plan on staying in that house at least five years, preferably about seven. Otherwise you won t make the sales commission back and most of the time wouldn t break even. If you...

Buying or Selling a Home: buy or keep renting?, buying a home, equity
buying a home, equity, housing recovery: Lisa - Buying a home is a complex decision and the right answer is very personal to the potential buyer s situation. You are asking great questions and a thoughtful purchase is always the better one. From a purely market standpoint and with anticipating...

Buying or Selling a Home: buy or keep renting?, correct money, family visitors
correct money, family visitors, teaching job: Hi Lisa, Hope you and your family had a Merry Christmas. I apologize for responding late, but the Holidays have been especially hectic this year. All the family visitors have gone home now, and I have some time to myself to catch up on email. Congratulations...

Buying or Selling a Home: buy or keep renting, correct money, teaching job
correct money, teaching job, buying a house: Hi Lisa, Thank you for your question. There are good reasons to rent, as well as good reasons to buy. When you rent, you don t have to pay for repairs. That is a big plus. It is also easy to move. You just wait for your least to expire and move. Buying...

Buying or Selling a Home: buy or keep renting, realtor commissions, correct money
realtor commissions, correct money, personal decision: Hi Lisa, I honestly wish I could be of help. It s really a personal decision about what is best for your family. Buying a home gives you some tax advantages, but it also costs money to sell real estate. I.E- realtor commissions, closing costs etc. So,...

Buying or Selling a Home: buy or keep renting?, local realtor, correct money
local realtor, correct money, case in fact: Hi Lisa; In the past the market supported the idea that even in a situation where you might be living in a home for a very short time it was still a good idea to invest in a home and not to throw money out on a rental. Currently, (in the market we are experiencing...

Buying or Selling a Home: buy or keep renting?, correct money, tax benefit
correct money, tax benefit, teaching job: Thank you for contacting me. My opinion ,it depends. I personally would consider you have a pre approval made to determine just how much you can buy,as in dollars, on your income alone. Depending on this I would look and see what is available in your market....

Buying or Selling a Home: buy or keep renting?, correct money, teaching job
correct money, teaching job, buying a house: Hi Lisa, This is a great question, thank you. Many people have the same thoughts, especially at this time of declining values. It is natural to want to improve your living condition, buy a home for your family and live the American Dream. Owning...

Buying or Selling a Home: buy or keep renting?, las vegas real estate, las vegas homes for sale
las vegas real estate, las vegas homes for sale, buying a home: Hi Lisa, Sounds like you and your husband have a full schedule for the next few years! As far as purchasing a home, you need to contact a local agent to see what the trends are for your particular geographic region. In some areas home prices have already...

Buying or Selling a Home: buy or keep renting?, buying or renting in maryland, should I buy or rent
buying or renting in maryland, should I buy or rent : There are several things that I would look at as far as buying a home. I don t know how young your children are but they may be taking up a lot of your husbands time so I can see why it could take a long time to get his PhD completed. If one or both is close...

Buying or Selling a Home: buy or keep renting?, correct money, teaching job
correct money, teaching job, buying a house: Now is a great time to buy a house! Best time in many years, prices have dropped and the interest rate is as low as it has been since the 40 s! You can get a much safer and larger home for your children for $1000 a month. I would defiantly buy even if you...

Buying or Selling a Home: Contruction Contractor, septic systems, home builders
septic systems, home builders: Hey William, The only recourse I know of would be to get competitive quotes from other contractors and go back to the original contractor and ask for a refund for the difference. If they are part of the BBB, you can file a complaint with them and they...

Buying or Selling a Home: contingency, agreement period, home answer
agreement period, home answer, desicion: The other person basically said the same thing, David. I just cut through all the words he used in his reply. It boils down too this: Your agreement is not valid if you abide by what the purchase agreement said. The way it is now, if you were to walk away...

Buying or Selling a Home: downsizing, Downsizing, future of housing
Downsizing, future of housing, housing market predictions.: Hello Helena: A home is a leveraged investment. That means when prices go up, you do much better. When price go down, you suffer more. Not to focus on the math, but you have 10,000 down on a $100,000 house, and prices go up 3%, you made 3,000 off a base...

Buying or Selling a Home: ecrow funds, ca lic, trust account
ca lic, trust account, california real estate: This looks like a scam, Nazario. The Realtor had her chance. She screwed up. Now get that real estate attorney after her and her office . . . if she is indeed a Realtor. If she is supposed to be a California real estate agent, let me know her name and I can...

Buying or Selling a Home: electrical, buying, selling
buying, selling, buying a fixer: Hi Kelley, Congratulations on buying... great time to do so... if it is just the box, depending on what you paid against the value of the property... I wouldn t let that make or break the deal... no home built in 62 will be to code, unless perhaps the...

Buying or Selling a Home: escrow funds, last miniute, purchase agreement
last miniute, purchase agreement, big bear: Just contact the escrow office, Rhonda, or the Realtor that helped you buy the cabin. You should be able to find out from those two sources. If you were refused insurance on the property, the lender therefore (if you had one) would have refused to lend on...

Buying or Selling a Home: Farm ground in MS, real estate transactions, indiana lawyer
real estate transactions, indiana lawyer, ms real estate: Hi Nancy, An Option is, simply put, a Contract, and is covered by any laws as they pertain to Contract Law. An Option can be utilized in any real estate transaction, so long as the parties to the Option agree to its terms. While I am not an attorney,...

Buying or Selling a Home: Home Sale Advice, dual agent, dual agency
dual agent, dual agency, conflict of interest: Dear Bill: i can understand your concern, but I do not agree. It appears obvious that you have hired a very good agent and now that she has the two condos, she will probably be able to generate more interest, more contact calls, and more results. Plus,...

Buying or Selling a Home: Home under a LLC, las vegas real estate, las vegas foreclosures
las vegas real estate, las vegas foreclosures, las vegas short sales: Hi Kelly, Whether or not you should form an LLC is a legal question and you would need to consult an attorney on that. They don t allow us Realtors to answer the legal questions even if we know or have opinions on the answers! :) But there are two things...

Buying or Selling a Home: HUD breach of contract, HUD, Home
HUD, Home, Owned: Hello Erika - Dealing directly with HUD-owned Asset Managers is difficult. If you still desire the home I recommend that you remain diligent in identifying your position. If the original listing showed any photos of the interior justifying the carpet was installed...

Buying or Selling a Home: house, loan escrow, realtor search
loan escrow, realtor search, loan company: Hi Henry, That is quite an extensive question. Here are the basics: Get preapproved for a home loan Save up the down payment required by your home loan company Hire a Realtor Search for homes Put in an offer and a 3% deposit Escrow is hired Perform...

Buying or Selling a Home: mobile home, lakewood ca, scrap value
lakewood ca, scrap value, garden grove: Hi Laura....I think I can help you on this one. Please tell me which park, and the space #. I will go to look at it, and recommend someone to do the removal. We have people that we use quite often, and will sometimes do the work for the scrap value. ...

Buying or Selling a Home: rent to own, rent to own, renting to own
rent to own, renting to own, how do I rent to own: There s no right answer to this question, but I ll give you some parameters for a decision. Typically, people who rent to own are trying to raise money for a downpayment. A rent-to-own contract is a way for the tenant to get an option to buy a certain...

Buying or Selling a Home: rent to own, las vegas real estate, las vegas homes
las vegas real estate, las vegas homes, las vegas homes for sale: Hi Tomomi, It is hard to tell you whether or not you should sell your home at this time - not even the experts can predict which way the housing market is going, though in many areas it seems to have stabilized. Are you saying that your mortgage payment...

Buying or Selling a Home: rent to own, knowledgeable realtor, mortgage balance
knowledgeable realtor, mortgage balance, option contract: First thing you have to realize, Tomomi, is that chances are the price you would sell the house for would be substantially less than what you paid for it five years ago. I would suggest you contacting a good, knowledgeable Realtor near where the house is located...

Buying or Selling a Home: rental property pmts counted as debt?, debt to income ratios, loan regulations
debt to income ratios, loan regulations, lease income: Hi Juan; Your lender will take into consideration that you have an income property that generates additional income as long as you have a signed lease. However, they do not take the full amount of the payment into consideration--they only do a percentage...

Buying or Selling a Home: Selling a home with a upside down mortgage, jessica bryan, interest payments
jessica bryan, interest payments, negative impact: Hi Robin; There are several ways people are negotiating with their banks these days. The first thing is to negotiate a short sale. This means that the bank is willing to take less than you owe for the home. Essentially it is the same as forgiving a portion...

Buying or Selling a Home: Selling a Mobile Home, style roof, frame house
style roof, frame house, sheetrock: Hi Ben, You said you want to sell “this place,” and you also stressed that you want to stay debt-free. My personal opinion is that you should stay where you are if you have no mortgage payment, and continue to save your money until you have sufficient...

Buying or Selling a Home: Selling a trust property, value condos, real estate broker
value condos, real estate broker, mortgage principal: Since your mother was the one who obtained the mortgage, Lian, you, as the trustee, should not have to be concerned about your credit standing if you sell the condo at a loss or let it go into foreclosure. However, you are apparently collecting rent. Is that...

Buying or Selling a Home: selling my home?, inspection, notice
inspection, notice, cancellation: Hello Beverly - Your rights depend on the terms and conditions of the purchase contract and you did not stipulate if it was the AZ AAR Residential Purchase Contract or another state/contract. That said, in the AZ Residential Purchase Contract the buyer has...

Buying or Selling a Home: Termination of Buyer Agreement, buyer agreement, contract rights
buyer agreement, contract rights, sales person: Hi Patricia, Sorry this took so long to answer, I ve been away, and then my computer crashed!I ve been trying to get it back online and boy is it frustrating! As to your question, in NY you always have the option to terminate your contract. If you read...

Buying or Selling a Home: Transfer held up, short sale, buyer
short sale, buyer, seller: Hi Wayne. I had a client last year and this exact thing happened. What we did was to have the seller get into a short sale and sell the home to my client that way. It took about 6 months, but it closed. The sellers agent should help get the seller get...

Buying or Selling a Home: trying to buy a mobile home, hayward ca, happy holidays
hayward ca, happy holidays, credit score: Lesea...thought I had answered you, but the system says no. Anyway, with the recent BK, you won t qualify! You will need at least two years of GOOD credit to start your process. Unless your father has the budget to qualify, you will not make it...sorry for...

Buying or Selling a Home: Unclear title, probate attorney, estate probate
probate attorney, estate probate, legitimate debt: You said your girlfriend left the house to you, Biff. Well, it seems to me the probate will indicate that. The estate probate attorney will search for those to whom your girlfriend owed money. When the attorney gets the names of people and companies your girlfriend...

Buying or Selling a Home: 1st Time Home Buyer, fha 203k, hud fha
fha 203k, hud fha, home renovations: DONNA-- The loan you need is caled the FHA 203K Rehabilitation Loan.It will provide the $90,000 to pay off the Seller AND set up funds of up to appx.$35,000 (That s the $125,000 you ve been APPROVED for) to do the Renovations that are needed to make the...

Buying or Selling a Home: adding daughter's name to my mobile home title, tax ramifications, jessica bryan
tax ramifications, jessica bryan, estate question: Hi Kathie; this is more of a legal and estate question. Adding your daughter to title requires a legal recording and an attorney can do this. If you want, and if you have a tax advisor you can ask for them to assist instead. Just adding your daughter to...

Buying or Selling a Home: Bought a 4 bedroom house with a 3 bedroom septic system...what to do?, bedroom number, septic system
bedroom number, septic system, septic tank: You don t say in what state or county you re located, Liz, but let me answer the five questions the best I can before you go and hire yourself a good REAL ESTATE attorney. 1. If the county has a law that provides for matching bedrooms and septics, then apparently...

Buying or Selling a Home: breaking a purchase agreement, buying, selling
buying, selling, contingancy: Hi David... So I take you have not purchased, but are under contract to purchase... 1. do you have an appraisal contingency? Have you given up that contingency, or has the date expired to use it? 2. do you have a clause in the contract regarding...

Buying or Selling a Home: buyers tax on property, waterfront community, nori
waterfront community, nori, property taxes: Hi Bill, Thank you for your question. Here s a web page that explains how to calculate property taxes: http://phoenix.about.com/od/govtoff/qt/proptax.htm By the way, here are some photos of the subdivision where I live, which I consider the number one waterfront...

Buying or Selling a Home: buying land, jessica bryan, separate entities
jessica bryan, separate entities, land question: Hi; The land is the collateral and has value. It is like owning a car and using it as collateral against a personal loan. If you buy the land he will have to pay off the mobile home since there will be a lien on the land being the collateral to the mobile...

Buying or Selling a Home: buying land, certificate of affixture, land
certificate of affixture, land, sub-dividing: Hello Michelle - This is a difficult question to answer based upon the limited information provided. If the seller is willing to sell then the seller may be willing to remove or include the appurtenance (Mobile) in the price for the property. You may be able...

Buying or Selling a Home: Calling the listing agent, procurring cause, code of ethics
procurring cause, code of ethics, moral: Hello John - For a situation to be unethical it would need to violate one of the National Association of REALTORS Code of Ethics. If you have not signed a representation agreement #buyer broker agreement# then you are not obligated to use only one agent...

Buying or Selling a Home: Consequences of walking from a commercial mortgage in New Mexico, mortgage holders, blackrock realty
mortgage holders, blackrock realty, new mexico real estate: Interesting that you asked that question, Marilyn. On page 4 of the March issue of my monthly real estate advisory, The Landed Gentry, I published an article that I picked up from online. The story tells of how Tishman Speyer Properties and BlackRock Realty...

Buying or Selling a Home: Contruction loan to primary with no certificate of occupancy, certificate of occupancy, construction permanent
certificate of occupancy, construction permanent, construction financing: A Construction-Permanent loan is a type of construction loan that converts directly into your permanent financing once your home has received its Certificate of Occupancy (CofO). If you Google the term AZ Certificate of Occupancy and Construction Permanent...

Buying or Selling a Home: co-signers, home mortgage loan, partnership business
home mortgage loan, partnership business, income equity: Absolutely, this happens all the time. Call a mortgage broker for your options. Make sure you discuss in detail with your parents what would happen in different scenarios, i.e. death, loss of job, foreclosure, selling at a profit, etc. Best, Lori Frankfor...

Buying or Selling a Home: Too complicated process... :-(, short sale
short sale: Hi Cliff. A short sale is when the owner of a home cannot afford to make payments anymore, and are trying to avoid a foreclosure. They contact the lender and request that they agree to allow the homeowner to sell their home for LESS than what they owe...

Buying or Selling a Home: correcting an address on a house title, nn1, correct address
nn1, correct address, title insurance: Hello Henry, Thank you for your question. I am guessing the post office has the correct address? To start go to the town tax assessor s office to see what they have on record. Then the building department, probably in the sanme building. Your mom probably...

Buying or Selling a Home: Enforcement of HOA Rules/Covenants, lawn ornaments, sales brochure
lawn ornaments, sales brochure, division president: I do not live in your state. I have no telephone numbers or emails or addresses or names to give to you. There are many departments locally and statewide that deal with real estate. There are local boards of real estate, state departments of real estate,...

Buying or Selling a Home: FIRST TIME BUYER, fha loans, little rock arkansas
fha loans, little rock arkansas, landscape business: Dear Eddie; Many Realtors do not get involved with the loan process since they are not really privy to the information that is considered to be confidential. Often, when my Buyers run into problems I cannot even talk to the lenders without special passwords...

Buying or Selling a Home: Flipping houses in Md, buying homes in Maryland, investing in maryland real estate
buying homes in Maryland, investing in maryland real estate: I think that renovating and re-selling homes can be a very profitable venture. If I were you, I would do a lot more studying before diving in. A book that I just read that is pretty good is called Flipping Confidential . Gives you an idea of some of the...

Buying or Selling a Home: FSBO, purchase money mortgage, home equity line
purchase money mortgage, home equity line, realty officer: THELMA-- I have 3 College Degrees:Real Estate(AA),Mass Communications(BA) and Education(MA.T)--an IQ of 144,--3 Professional Designtions(CRO,RMU,CRA--all in the Real Estate area)--5 years as a Real Estate Broker--5 years as a Residential Appraiser--5...

Buying or Selling a Home: Loan Status Report, lsr, 300k
Buying or Selling a Home: Loan Status Report, lsr, 300k, offer price

Buying or Selling a Home: Selling a house, divorce settlement, divorce case
Buying or Selling a Home: Selling a house, divorce settlement, divorce case, husbands name

Buying or Selling a Home: Title question - PLEASE HELP, mortgage broker in calgary, repayment history
Buying or Selling a Home: Title question - PLEASE HELP, mortgage broker in calgary, repayment history, calgary ab

Buying or Selling a Home: Zoning Disclosure -- who's responsible?, embezzlement, lawyer
Buying or Selling a Home: Zoning Disclosure -- who's responsible?, embezzlement, lawyer

Buying or Selling a Home: first time buyer, bankruptcy issues, jessica bryan
bankruptcy issues, jessica bryan, first time buyer: Dear Collin; Usually it takes a bit longer to clear bankruptcy issues in order to obtain a loan. However, it depends upon the current situation and/or reason for the bankruptcy. Lenders are very cautious-- particularly now! If there were some extenuating...

Buying or Selling a Home: home inspection errors/things missed, cinder blocks, good luck with everything
cinder blocks, good luck with everything, steven smith: Hey, Lee. I m not quite sure what you mean when you say the sellers hired an inspector. If you mean that the Sellers had a pre-listing inspection done and you neglected to hire your own inspector on your behalf, you re probably out of luck. If you...

Buying or Selling a Home: house I was interested in de-listed, proactive measures, sellers agent
proactive measures, sellers agent, real estate agent: Mark - I am sorry for the late reply. I was out of town for a corporate convention. Please accept my apology. I too possibly misinterpreted your position. I understand you desire to occupy the property and the fact that the a new tenant would require that...

Buying or Selling a Home: Inherited Condo, Inherited real estate, rental
Inherited real estate, rental, condo association: First of all, Martina, I want to make sure when you meant the condo was vacant and under contract you meant it was LISTED for sale with a Realtor and not actually sold to someone and waiting for the closing. So, I will assume you meant it was on a listing...

Buying or Selling a Home: Iowa disclosure & dual agent problems, sewer leaks, 20 grains
sewer leaks, 20 grains, iowa real estate commission: Jan, Sorry to hear you have been sick. Hope you are better by now. Don’t even think of trying to compensate me for any advice that may or may not be helpful to you. For whatever it’s worth, any advice or suggestions I give or make through this site are...

Buying or Selling a Home: joint survivorship deed, survivorship deed, divorce decree
survivorship deed, divorce decree, husband wife: Sharon, Joint survivorship on a deed means that title to the property is in two or more persons’ names, both or all with equal ownership. If one dies, that percentage of ownership is automatically passed to the other(s), without the requirement of having...

Buying or Selling a Home: Land Contracts, homestead exemption, land contracts
homestead exemption, land contracts, county assessors office: Hi Scott, You would need to contact your County assessor’s office to see if, in Michigan, you qualify for any homestead exemption. In my state, if you are purchasing property via a land contract, a person does qualify for a homeowner rate on taxes. Individual...

Buying or Selling a Home: Listing Contract, emailing, aol
emailing, aol, realtor: You have no lising, G Deluxe. Further, to protect yourself I suggest you contact the broker (the manager and/or owner) of the real estate office that you do not have a valid listing contract and tell him/her why. Chances are very they will agree with you and...

Buying or Selling a Home: Loan Status Report, LSR, AAR Residential Purchase Contract
LSR, AAR Residential Purchase Contract, Finance contingency: Hello Gilbert REALTOR - A loan officer can place an amount in that blank that is sufficient to acquire the property yet may in fact be less than the amount the buyer could or may qualify for. The buyer/buyer agent has a duty to disclose to the seller/seller...

Buying or Selling a Home: How long is too long to wait?, first time buyer, first time buyers
first time buyer, first time buyers, current place: Hi Justin; You have answered your own question...you don t see how you can afford to make payments while living elsewhere. If that is really the case, then no matter how perfect the house or how great the price, you won t be able to take advantage of the...

Buying or Selling a Home: Misled by seller's realtor, hoa dues, poolhouse
hoa dues, poolhouse, teen daughters: Hi “T,” Writing the Board of Realtors has no real TEETH for a scoundrel like this developer and his agent(s), so my feeling is that you have not lost anything there. All the Board of Realtors could do is fine the agent and/or suspend/revoke her membership....

Buying or Selling a Home: Mortgage, foreclosure, recourse loan
foreclosure, recourse loan, bankruptcy: Missouri is a RECOURSE state, John. That means if the debt is recourse, you are personally liable for the debt. So a recourse home mortgage means that if your house is foreclosed or sold short, lender can hold you personally liable for any loss and will try...

Buying or Selling a Home: Do these numbers check out?, correct assumption, question pool
correct assumption, question pool, hawthrone: BEN-- This queston has been in the QUESTION POOL(QP)almost two months since 2/10/10. Whoever you ssnt it too, and many of us who ve seen it sitting there in the QP just don t really understand your scenario well enough to answer your question. These...

Buying or Selling a Home: Property/New home purchase, brick house, verbiage
brick house, verbiage, vacant lot: Ruthie: There are a lot of ifs involved here. Did you use a Realtor? Who did you buy the house from, the builder? If so, he should be the one who has to make it right. Where do you live? In Texas the property taxes would have been paid at closing. The surveyor...

Buying or Selling a Home: Property tax, reason check, ryme
reason check, ryme, tax question: HI again, This is why you would have to go to the assessor and see what is going on, I would argue that the higher taxed house be reduced... or buy the one with the lower tax base... again you need to know exactly how that county assesses taxes... it is...

Buying or Selling a Home: Purchase house from brother, buying, investing
buying, investing, mortgages: Hi D.... Financing will be private money only, unless you can get your father to finance his part also and both of you are on title, with the split being divided however it needs to be... you will not be able to put a separate loan on the property (second)...

Buying or Selling a Home: Purchasing a home under a LLC, LLC, due on sale
LLC, due on sale, deed transfer: Hello Rebecca - I apologize for the late reply, I was out of town at a corporate convention. This is actually a very complicated question. Actually, most promissory notes or mortgages contain a due on sale clause. This means that when the owner of record...

Buying or Selling a Home: prescriptive easement, prescriptive easement, easement by prescription
prescriptive easement, easement by prescription, adverse possession: Dear Valerie, Thank you for your letter. I am in Arizona, so the laws where you are may be different. I encourage you to talk to a real estate attorney in Oregon. Here are my definitions of a prescriptive easement and a prescription suit for adverse possession,...

Buying or Selling a Home: Refund for Deposit on Manufactured Home, downpayment, loan company
downpayment, loan company, formaldehyde: Whether your legally entitled to your $500 downpayment or not depends on what your Purchase Agreement says about the matter--and laws on such matters differ in every state of the union.I suggest you write the Company a Letter ASAP stating that you do not...

Buying or Selling a Home: Relocating, fha loan programs, negative cash flow
fha loan programs, negative cash flow, refis: There are several NEW FHA loan programs that have just recently been announced. One is for the refinance of loans held by Homeowners who are not behind on any payments, have good jobs and high credit scores BUT OWE MORE ON THEIR LOANS THAN CURRENT FAIR...

Buying or Selling a Home: Renting house out or selling house, paycheck to paycheck, mom works
paycheck to paycheck, mom works, step dad: Hi Jenny, Sorry to hear your Mother and step-father are having a difficult time. Pay-day loans and overdrawn bank accounts certainly are not helping their situation. The first thing that comes to my mind is a co-signer for a new mortgage which would...

Buying or Selling a Home: real estate, what a bummer, sister brother
what a bummer, sister brother, broker associate: Hi Trish, What a bummer of a situation! You will need to speak with a Real Estate Attorney regarding your question, as it will depend on how you took title to the home. Under some circumstances you would be legally allowed to market and sell your SHARE...

Buying or Selling a Home: renters rights, maryland real estate
maryland real estate: I m not sure how your lease reads. The standard Maryland lease that we use is basically a fill-in-the-blank contract and it states that the rent is due on the 1st of the month and you are to pay a late fee if the payment isn t made by the 5th of the month....

Buying or Selling a Home: what rights does a buyer have before closing, qwner's rights, signage
qwner's rights, signage: No, it s still your house until you walk away from the closing with the check. If you don t want the sign there, remove it. Are you selling this house on your own or do you have a real estate agent? If you have an agent, that agent has a right to keep a...

Buying or Selling a Home: Selling home - notice to tenants?, buying, selling
buying, selling, representation: Hi Leona, I am a California Broker, here we do not HAVE to give notice, but usually a tenant will find out one way or the other, we do have to follow tenant laws on entry, eviction, and lease agreements. There are ways to buyout leases and the such,...

Buying or Selling a Home: Selling a house, warranty deed, deed of trust
warranty deed, deed of trust, company person: Nope! That title company person was trying to cover their behind because someone shouldn t have removed your name without your permission . . . and they know it. Title companies DO make mistakes. Believe me, it has happened to me a couple of times and I...

Buying or Selling a Home: seller disclosure omission deliberate fraud?, wet insulation, roofing companies
wet insulation, roofing companies, roof leaks: Hello Heather, Thank you for the details. This sounds like the seller is responsible for covering up the damage and mold rather than curing or repairing it. The home inspector would not look inside the walls, but some do have equipment to measure...

Buying or Selling a Home: selling/buying mortgage, escrow fees, sales commissions
escrow fees, sales commissions, real estate broker: Dear Marilyn: Just because I have never heard of that happening, does not mean that it cannot. However, today s qualifications for a loan are a lot more stringent than they were yesterday. I would suggest contacting your mortgage company that holds the mortgage...

Buying or Selling a Home: selling an occupied rental house, selling occupied home maryland, selling home maryland
selling occupied home maryland, selling home maryland: You have a problem. You will never sell that house with that type of renter inside. Since you are on a month-to-month lease, all you are required to give her is 30 day notice. Let her know that you will give her a good reference so she will be able to move...

Buying or Selling a Home: selling to our renters, selling homes in maryland, home buying maryland
selling homes in maryland, home buying maryland: You could use either a lawyer or a Realtor to help you with the paperwork. I have on many occasions helped people with contracts, home inspections, home values, etc. when selling and just charged a flat fee. I have seen attorneys that will charge either...

Buying or Selling a Home: selling no stormwater permit, Certificate of Occupancy
Certificate of Occupancy: As long as you have a Certificate of Occupancy, it probably shouldn t. But this is more than a Real Estate problem, it s legal and government problem and beyond my scope. First off if your development has a POA or HOA, you should take this up with them since...

Buying or Selling a Home: sewer system, local health department, storm system
local health department, storm system, sewer system: I m surprised you didn t get the answer from your real estate agent, hyhl. In my part of the world they are just about the same, except that a sewer storm system has a larger capacity. In your part of the world, your county, your city they may have more or...

Buying or Selling a Home: Termite damage - sellers responsibility, termite inspector, sellers responsibility
termite inspector, sellers responsibility, disclosure laws: Hey, Carol. If you re in California, listen to your Realtor. To do as your brother wants to do is considered misrepresentation and fraud. If you get taken to court for something like that, there can be not only financial penalties, but criminal penalties,...

Buying or Selling a Home: Title issue with REO, jpmorgan chase, reo property
jpmorgan chase, reo property, escrow officer: Dear Stella; This question reflects the frustration that Buyers and their agents experience with the foreclosure and REO market. It is difficult to work with the banks and to get questions answered. Banks work at their own speed and unfortunately, unless...

Buying or Selling a Home: Title problem, jpmorgan chase, escrow officer
jpmorgan chase, escrow officer, grant deed: The way it s going, Stella, you may not get the house anyway, and if you don t you REALLLLY got a good case against all those parties. The attorney would know exactly who. As for finding the GOOD real estate attorney, you might ask. Ask the local board of...

Buying or Selling a Home: Title question - PLEASE HELP, legal mess, installment agreement
legal mess, installment agreement, hi amy: Hi Amy...just think of this transaction as a car sale. You buy the car and the bank puts their name on as legal owner....you are registered owner. When they get their loan, the sale will go through escrow. You will release your interest upon payment. When...

Buying or Selling a Home: Trapped in a vicious cycle with bad selling agency., disclosure documents, miscommunication
disclosure documents, miscommunication, company headquarters: I can assure you, Robin, that you are not familiar with the process. After all, this is your very first sale of real estate (that is very obvious). And granted that the agent, I feel, has indeed been taking advantage of you and your naivety in this matter....

Buying or Selling a Home: Zoning Disclosure -- who's responsible?, wall structure, zoning office
wall structure, zoning office, zoning department: Christina, Yes, absolutely, if you purchased a home for residential purposes located on commercial property, this should have been disclosed to you by, I would think, everyone involved in the transaction: Appraiser, closing agent, real estate agent(s),...

Buying or Selling a Home: Accepted contract, loan check, loan approval
loan check, loan approval, last resort: Dear Aimee: I am sorry you are going through this problem, and I can imagine how disturbing it is for you. Please understand, however, that I cannot practice law without a license and a real estate attorney may need to be a last resort for you. Also,...

Buying or Selling a Home: Amendmants to HOA Convnants, CC&R's, Codes covenants and restrictions
CC&R's, Codes covenants and restrictions, HOA: David - HOA can only enforce what the CC&R s indicate and only in accordance with their policy manual. If the builder desires to amend the CC&R s that may take some time. If you present to the architectural committee your plans for hate fence and the current...

Buying or Selling a Home: Appraisal time frame, multiple listing service, local multiple listing service
multiple listing service, local multiple listing service, loan approval: Dear Matt, all of that information should be made available to the lender/appraiser. There is a vendor/vendee expectation of up front honest and knowledge of all facts, and it will hold you in good stead with all parties. The contract will have that information...

Buying or Selling a Home: advertised property, boat docks, outbuildings
boat docks, outbuildings, asking price: If you have a copy of the listing that was in MLS, then that should be included in the sale. The REALTOR should have had the owner look at the MLS sheet and concur that it was correct. If the seller wants to remove those things from listing, he should lower...

Buying or Selling a Home: advertised sale price, boat docks, outbuildings
boat docks, outbuildings, bare minimum: Hi Jean, You need to contact the listing agent and ask to see a copy of the actual listing agreement that the Seller signed. If the items you mentioned are spelled out in the listing agreement and signed off on by the Seller, I would think there is an...

Buying or Selling a Home: Bank is suing title for my mortgage, Title company error, foreclosure
Title company error, foreclosure, refinanced: Since you did not say in which state you are located, Jennifer, I believe you should hire a REAL ESTATE attorney, one that is very familiar with the foreclosure process to play hardball with the other attorneys since they are certainly playing hardball with...

Buying or Selling a Home: Business trust deposit time?, certified mail, business trust
certified mail, business trust, estate question: This does not seem to be a real estate question, Robert, but if this refers to an ongoing transaction in which the buyer s deposit needs to be verified in the course of a purchase transaction, then you should ask the banks involved what is their policy. I...

Buying or Selling a Home: Buy my Dads home, buying, selling
buying, selling, FHA: Hi Allan, Sorry sorry to hear the details like this... so you are buying your dads home? per the subject line... there could be issue with the lenders that this is a family deal and not an arm-length transaction...(one where the buyer and seller do not...

Buying or Selling a Home: Buyers rights, buyers agent, fire hazards
buyers agent, fire hazards, 16c: I would ask your Agent why there is nothing in this section? Cost of repair contingency is there for issues relating to cost of repair, and you having the right to terminate? Read the statement 16C and it will answer the question for you. Not really sure...

Buying or Selling a Home: Buying a home at foreclosure auction in CA., real estate auctions
real estate auctions: As I probably answered six years ago, Beth, when you are the winning bid on an auction for a house, your loan you get to help you buy that property should be the ONLY loan. There should be NO OTHER LIENS OR ENCUMBRANCES of any kind other than property taxes...

Buying or Selling a Home: Buying home from Parents Estate, jessica bryan, personal qualification
jessica bryan, personal qualification, pre qualification: Hi Patti; That depends...will you be getting a conventional loan for the other 75 percent of the total value? If so the bank will be the source for how they view your 25 percent ownership. Each loan comes with its own set of guidelines and restrictions....

Buying or Selling a Home: Buying Partner Out Of Upside Down Mortgage, purchase money loan, capital gains taxes
purchase money loan, capital gains taxes, state income taxes: With just $6,000 difference between loan balance and property value, and in consideration half of that $6,000 is yours, I wouldn t pay him a dime. Just have him GIVE YOU a quit-claim deed AFTER you have checked to make sure that there are no liens on the property...

Buying or Selling a Home: Buying a short sell, proper legal advice, real estate financing
proper legal advice, real estate financing, joint tenants: Hi SAM-- Your question seems to be Can I purchase my wife s house? THE E-Z ANSWER WOULD BE YES but the statements you make preceding the question, however, are confusing and unless I can unscramble a few things, I can t give you an answer that...

Buying or Selling a Home: bought home..., Disclosure, damage repair
Disclosure, damage repair: Hello Rebecca, I can t of course, answer for New Jersey laws. However I would suggest you check your paperwork for the purchase and see if there is a disclosure form. If you don t have it, call your agent about it. Were you represented by a Buyers agent?...

Buying or Selling a Home: breach of short sale contract, private mortgage insurance, fha insurance
private mortgage insurance, fha insurance, breach of contract: Hi Amanda-- Short Sales are always difficult.time-comsuming and full of surprises! Oten the Buyer has to shell out some money that was not expected in order to get the transaction closed! BUT, in my 35+ years as a Real Estate Pro, I can t say I ve ever...

Buying or Selling a Home: Can a CDPE help me as a Buyer?, jessica bryan, distress sale
jessica bryan, distress sale, greater tampa: Dear John; A real Estate Professional who has received specific training and is certified CDPE is much more knowledgeable about the entire foreclosure, short sale and distress sale process. It is not an easy process to negotiate through the muddy waters...

Buying or Selling a Home: Can a CDPE help me as a Buyer?, greater tampa, time trouble
greater tampa, time trouble, pointed questions: Hi John, I apologize for the delay in getting your answer out. I am in the middle of a physical location move, and my service has been temporarily interrupted. Yes, a qualified Realtor could help you as a Buyer in purchasing through a short sale process....

Buying or Selling a Home: Can a CDPE help me as a Buyer?, knowledgeable realtor, greater tampa
knowledgeable realtor, greater tampa, castagna: To help you in this matter, John, I have contacted a CDPE Realtor in the southern greater Tampa/St.Petersburg area. His name is Mark Castagna. Phone number 727-409-3277. It s very important that you have a very knowledgeable Realtor helping you with short...

Buying or Selling a Home: Closing on a house, usda loan, usda approval
usda loan, usda approval, boonies: My suggestion would be to contact your local (or closest one) USGA Rural Development office. They are unique in the real estate world unless you re ouot in the boonies and/or have a farm to which you want to move or buy. Yes, since they have not lived...

Buying or Selling a Home: Collapsed Sewer, sewer pipe, free consultation
sewer pipe, free consultation, hearsay: Hey, Heidi. The answer to your question depends on a lot of variables, one of which is proving that the Sellers had problems, and proof has to come from beyond hearsay. I m also hoping you had a home inspection. Nonetheless, since you re only three...

Buying or Selling a Home: Conflicted about Agents, jessica bryan, procuring cause
jessica bryan, procuring cause, first house: Hi Christine; Since you have not signed paperwork with the second agent you are free to employ the first agent to work for you but since she is representing the seller you might actually want to bring in your own Buyer s Agent who will look out for your...

Buying or Selling a Home: Contract, general power of attorney, attorney advice
general power of attorney, attorney advice, power of attorney: Hi Jhon, I apologize for the delay in responding. I am in the middle of a physical house move, and my Internet has been down for several days. Without having seen your Contract of Sale, I can only give you general advice. If your attorney accepted...

Buying or Selling a Home: Contract Contingency, contact real estate office manager, small claims action
contact real estate office manager, small claims action: Very simple, Erin. Just contact the MANAGER of the office of the listing agent and present your case. If that person is able to settle this matter and you still want to end the contract, then contact the local Board of Realtors and present your case. If they...

Buying or Selling a Home: Dead Beat Realtor, life time, escrow
life time, escrow, realtor: You need to call your Realtor s broker at their office. Call the main office number and ask who the managing broker is. Explain your situation to the broker, and that if you lose the house based on your Realtor s lack of communication that there will be...

Buying or Selling a Home: FHA Home Inspection, decay wood, john mckenna
decay wood, john mckenna, wood destroying insects: Regarding your questions... Moisture is a big concern, as it can be conducive to mold, decay, wood destroying insects and electrical defects in some cases. You must stop the source of moisture in order to avoid the possible defects than can develop. Cracks...

Buying or Selling a Home: Dead Beat Realtor, regional mls, financial hardship
Buying or Selling a Home: Dead Beat Realtor, regional mls, financial hardship, seller buyer

Buying or Selling a Home: No Money at Closing Time!, plan b
Buying or Selling a Home: No Money at Closing Time!, plan b

Buying or Selling a Home: Is now a good time to buy in Vegas, las vegas real estate, las vegas homes
las vegas real estate, las vegas homes, las vegas homes for sale: Hi Glen, Of course you realize you are asking a Las Vegas real estate agent if now is a good time to buy in Vegas. :) But seriously, our inventory has dropped WAY down and prices have actually edged up slightly over the past couple of months. We have...

Buying or Selling a Home: Home Inspections & Association Approval, legal recourse, jessica bryan
legal recourse, jessica bryan, breach of contract: Dear Lucy; Your buyer is in breach of contract and needs to be notified in writing that they have to comply with the contract within a certain amount of days from the delivered written notice. If they do not comply the contract will be canceled and they...

Buying or Selling a Home: Home under contrat sold to another party, short sale, time limits
short sale, time limits: Shane, I don t have enough information here, but in a Short Sale the bank must approve the sale. Since nine months has gone by, I would assume the bank did not approve the sale then or someone would have asked you to complete the contract. Next, no, you...

Buying or Selling a Home: home sale advertising, specific performance
specific performance: As long as your offer gives the seller what was listed in the listing, Jean, and as long as there is not even a tiny-bit difference, yes, the seller is obligated to sell to the offerer. However, the seller can still refuse to sell . . . at his financial peril....

Buying or Selling a Home: Joint ownership of house, joint tenants, attorney fees
joint tenants, attorney fees, probate: The terminology I am sure you mean, Kathy, is either tenants in common or joint tenants. Those are the two main ways people hold interest in property. In order to sever your interests in the property from your brother, you would have to hire a real estate...

Buying or Selling a Home: Getting keys at closing in Arizona, last dollar, refridgerator
last dollar, refridgerator, buying a home in arizona: Don t get too heated, Rick. Let me answer your concerns as you presented them. Indeed, you do get the keys when the property is actually conveyed to you. And it may take a day or two afterwards for one reason or another, i.e., paying any taxes in arrears,...

Buying or Selling a Home: Liability during showings, lockbox, kids toys
lockbox, kids toys, showings: Thank you for your question. As for liability I can not answer or advise you. I would reccomend you speak with the rental company if you deal with one. If not, I would reccomend you have a conversation with the agent and or his Broker In Charge who have...

Buying or Selling a Home: lease with the option to buy, credit issues, lease purchase issues
credit issues, lease purchase issues, finance issues: Hi Kern - Somehow the system did not notify me of your reply. I found it when I was replying to another party. That said, there are a number of programs to assist struggling homeowners and a real estate license does not qualify me to provide or suggest remedies...

Buying or Selling a Home: lease purchase, mortgage amortization schedule, intelligent answer
mortgage amortization schedule, intelligent answer, lease purchase: You haven t given me enough information, Roger, in order for me to give you an intelligent answer. What s the interest rate? How long are you supposed to make those payments? What is your purchase price? No, I need lots more information, Roger. If your...

Buying or Selling a Home: leasepurchase/owner finance, lease purchase options, lease purchase option
lease purchase options, lease purchase option, two realtors: ANDY-- BEFORE YOU DIVE HEAD FIRST INTO AN EMPTY POOL, you need to find a LOCAL Real Estate Agent to assist you. Most areas have one or two Realtors who specialize in Rent-to-Own,Owner Financing and/or Lease Purchase Options. Because Mortgage Money...

Buying or Selling a Home: lien on property, mr dennis, title company
mr dennis, title company, forclosure: Apparently, Julie, your attorney is not a real estate attorney. Title companies are insurance companies, or they are owned by them. And insurance companies are notorious for taking forever and a day to settle lawsuits. How do you know how long this lawsuit...

Buying or Selling a Home: Manufactured Home & Land Mortgage, mortgage finance companies, personal loan officer
mortgage finance companies, personal loan officer, vanderbilt mortgage: SHERRIE-- You re house that s under contrct and should be closing soon is --I hope--being SOLD by you, not PURCHASED! What you re looking for is called a Mobile Home/Land Package and not many Lenders will do these loans.I suggest you go to your Search...

Buying or Selling a Home: Mineral rights leasing while under contract, small claims court, mineral rights
small claims court, mineral rights, court case: While they still owned the property, Aaron, the previous owners may do what they want with it as long as it didn t impede your transaction in any way, especially if there was no mention about any mineral rights in the transaction. However, this may be a case...

Buying or Selling a Home: No Money at Closing Time!, bobster, mortgage company
bobster, mortgage company, local real estate: You don t say in what state this is taking place, Bobster. But presuming this is an ordinary sale of your residence, I WOULDN T HAND OVER THE KEYS UNTIL YOU GOT PAID. Period. If you don t sign any documents that would allow you to get paid, then THAT is why...

Buying or Selling a Home: mortgage, jessica bryan, first time buyer
jessica bryan, first time buyer, lowest interest rate: Hi Maria; I would suggest that you talk to a lender and get pre-qualified for a loan. At 30,000 a year your monthly payment cannot be more than about $625 for your payment of the principal and the interest of your home loan. That is 25 percent of your monthly...

Buying or Selling a Home: Obligation, moral dilemma, NAR code of ethics
moral dilemma, NAR code of ethics, listing contract issues: Hello Jill - The question you are asking is a moral question. For this to be unethical it would have to violate an Article of the NAR Code of Ethics. There is not Article or Standard of Practice that relates to this situation. Therefore, this is not an ethical...

Buying or Selling a Home: Partial Sale of 1031 Property, tax concerns, taxable gain
tax concerns, taxable gain, aquiring: Good question, my personal opinion is, you will pay tax on any gain period. Your gain is the differance from what you paid, to todays value,bases starts at time of aquiring,grows from there. I would recommend you get expert legal and expert tax advice...

Buying or Selling a Home: Plumbing issue after moving in, bathtubs showers, sewage line
bathtubs showers, sewage line, city sewage: Hey, Robert. I answered this about an hour after your submitted it but it just showed up in my queue again. New Jersey is one of those states that we call litigious so anything is possible there, just like here in California. Since you re only four...

Buying or Selling a Home: Proper Protocol, proper protocol, sellers agent
proper protocol, sellers agent, second hand information: Dear Carol: T he offer belongs to the seller and is usually mandated (by state real estate law) that it must be presented. If you did not want to hear it personally it should thus have been given to your agent to be submitted to you. Please check with the...

Buying or Selling a Home: purchasing house, escrow officer, warranty deed
escrow officer, warranty deed, quitclaim deed: Yes, I did get that feeling from before, Kathy. I had the feeling that trust had been eroded in your relationship somehow. It s not for me to say anything in that matter and I will not. But if it was me, I would negotiate with my husband, saying that I will...

Buying or Selling a Home: Real Estate, decent income, debt situation
decent income, debt situation, question question: Good question. Question is do you have at least 1 year of income saved up? You ll need it. The real estate business has changed since when I started.In my opinion it is the most competitive business I know of.Only a select FEW will make a decent income.To...

Buying or Selling a Home: Repairs needed after settlement, SPDS, seller disclosure
SPDS, seller disclosure, problem after closing: Hello Maggie - I apologize for the delay in my reply. From a real estate perspective, the question to consider is did you know of the latent defect or should you have known ? Is it reasonable that you should have known of this problem as a result of the...

Buying or Selling a Home: Responsibility of Seller for repairs, district attorney office, dear maggie
district attorney office, dear maggie, plumbing problem: Dear Maggie: As a broker, I came upon this problem a short time ago when I represented a buyer who was not only a good friend, but a member of the district attorney office. I was in a panic, until I checked over again the wording the the disclosure forms...

Buying or Selling a Home: real estate sales, designations, REO
designations, REO, Short Sale: Wow, Jeff, that s a whale of a question. One for which I don t think I am qualified to answer as I am only one among many, but I would like to make some comments. One of the MLSs that I belong to, has had over a 50% membership drop in the last couple of...

Buying or Selling a Home: realestate transfer and leach fields, Septic systems, health department
Septic systems, health department: Amantha, The only party competent to answer this question is your parents County Health Department. Septic systems fall under their jurisdiction. It may be that the configuration of the septic system was perfectly legal when it as built or it may be that...

Buying or Selling a Home: Sell?, buying, selling
buying, selling, relocating: HI Bud... congratulations on having tripled your equity... not an easy feat in this market place world wide... That being said, you should contact a good financial adviser to see where your debt/income retirement needs to be for you and your family... ...

Buying or Selling a Home: Selling a Home Under a Living Trust, living trust, tax expert
living trust, tax expert, Realtor knowledge: First thing, no matter what, Brenda, is to get a goooood real estate attorney, or an estate attorney, possibly the one who created the living estate. Of course, all of you would have to agree to this and this will probably be the first of (hopefully only a...

Buying or Selling a Home: Setting closing date several months out, earnest money deposit, oxford house
earnest money deposit, oxford house, oxford ms: It certainly can be done, Gillian . . . if the seller is willing. My guess the agent for the Oxford house would probably ask you to make your deposit NON-REFUNDABLE just to make sure you do buy the house. After all, so many things can happen within four or...

Buying or Selling a Home: I SOOOOOOOO NEED GOOD ADVICE:), jessica bryan, fleetwod
jessica bryan, fleetwod, real estate realtors: Dear Tiffany; Not knowing anything about prices in that area one thing I can say is that as long as you make the price affordable and below others, it will be attractive to a buyer. Perhaps you should consult the agent who sold you the home to begin with...

Buying or Selling a Home: Stay or go?, credit credit cards, mortg
credit credit cards, mortg, western canada: If you ve been reading about what has been going on south of your border, you should be getting a hint as to what you should be doing, Bud. We, too, went through a period in which our values jumped up so much like we believed there was no ceiling. Like so...

Buying or Selling a Home: selling home; didn't get permits for remodeling, licensed plumber, red flags
licensed plumber, red flags, property inspector: If you list your property with a Realtor, Judy, make sure you disclose to him/her what you just said. The potential buyer will or won t ask for permits before buying. You will need to disclose the condition of the property in a document during the purchase...

Buying or Selling a Home: Transferring title of a Mobile home., mobile home park, dmv offices
mobile home park, dmv offices, state dmv: Diane-- As a Mobile Home in a Trailer Park is considered a Vehicle, it seems like the DMV WOULD be the place to transfer ownership from one person to another.Perhaps she should write the Director of the DMV in your State Capitol, as (often) the Clerks...

Buying or Selling a Home: tax credit on home energy or improvements, jessica bryan, energy credit
jessica bryan, energy credit, conserving water: Dear Mary; I am sorry that you are not happy with the fact that I cannot give any tax advice, but unfortunately, I must be extremely careful about the types of advice I give. Since I am licensed to sell real estate I can only give advice about home sales...

Buying or Selling a Home: title, mobile home without a title?
mobile home without a title?: Since you filed BK, Steve, you should ask your BK attorney these questions. He is the one that should know how you could lose the mobile home, yet, without a lien on it of any kind, including a mortgage. I assume your mobile home became attached to the...

Buying or Selling a Home: Unpaid property taxes without a mortgage, legal period, back taxes
legal period, back taxes, unpaid property taxes: If you want to buy the property from him, go right ahead, as long as he does want to sell it and he is satisfied with your purchase price, Kelly. But be prepared to pay the taxes in the course of buying the property. Most likely he is not going to pay them....

Buying or Selling a Home: Water problems, buying, selling
buying, selling, inspections: Hi Diane... Oh I dislike the A word... you mentioned small claims.. if you go the attorney route, they will be the only ones getting any money out of it.. You don t mention the state you are from, but you bought AS IS and some states mean exactly that......

Buying or Selling a Home: 2010 Laws on sale of realestate inherited, tax trouble, time howard
tax trouble, time howard, joint tenants: Yes. But the way the present real estate market has fallen, there is that possibility that the value may have dropped to below what your sister paid or maybe about the same. Otherwise, it should not have to change anything. It s good that it has been your...

Buying or Selling a Home: 90 day title transfer law, 90-day flipping rule, 90-day waiver
90-day flipping rule, 90-day waiver, FHA: Hello Rebecca - Many investors are asking the same question about the 90-day rule and the waiver. Waiver of Requirements of 24 CFR 203.37a (b)(2) Pursuant to §7(q) of the Department of Housing and Urban Development Act (42 USC 3535(q) and 24 CFR 5.110, FHA...

Buying or Selling a Home: Addendum on Short Sale: Conditionally Refundable Earnest Deposit, mutual cancellation, failure to deposit earnest money
mutual cancellation, failure to deposit earnest money: Hello Frank - It is prudent and recommended that you obtain some form of cancellation or acknowledgement of cancellation from the listing agent. Many agents/brokers consider the buyers failure to deposit the earnest as breach in itself and therefore just anticipate...

Buying or Selling a Home: Asbestos contamination, errors and omission insurance, asbestos tiles
errors and omission insurance, asbestos tiles, asbestos insulation: Dear Scott: With reference to the asbestos in the floor tile, the seller is obligated to disclose those items about which he has knowledge. If he did not put in the floor tile nor ever jackhammer them up, he would not have known about the asbestos. Also,...

Buying or Selling a Home: acres, property boundaries, statement period
property boundaries, statement period, tax statements: Hi Tom, Unless there was a mistake at the time you purchased your property and it was recorded incorrectly as public record, my opinion is that this Seller doesn’t have a leg to stand on. If there was a mistake when you purchased which has now been/is...

Buying or Selling a Home: Breaking land purchasing agreement?, title insurance, contract completion
title insurance, contract completion, Real Estate Attorney: Hello Scott, Unfortunately a number of bad ideas here that I see. As you now know, never buy it without seeing it first. Two, always make sure that you have Owners Title Insurance on any property you purchase. It s a small one time expense and without...

Buying or Selling a Home: Buying different home, broker works, current mortgage
broker works, current mortgage, mortgage broker: Dear Gayle, Thank you for your question. In order to buy a new home, you are going to need to apply for new credit. It does not matter that you currently have a mortgage for that amount and that you are able to pay it n time. It has to do with your current...

Buying or Selling a Home: Buying a home with bad credit, seller financing, lease-option
seller financing, lease-option: First thing I would do, John, is to ask two more bankruptcy attorneys about doing a Chapter 7, wiping out your debts altogether and starting all over again. You can convert your bankruptcy. Just ask. With either form of bankruptcy, it still puts you in the...

Buying or Selling a Home: Buying a house that is zoned commercial, rezoning the land, proper land use
rezoning the land, proper land use: When you buy a property that is zoned higher than plain residential, you are buying a property with a higher value . . . ordinarily. The idea of zoning is to allow properties to be assessed at higher values so they can collect more taxes on it. Most people...

Buying or Selling a Home: Is it better to build a new garage before trying to sell?, paint animals, asphalt driveway
paint animals, asphalt driveway, new appliances: Dear Rita; There are so many variables that affect the answer. There is no hard and fast rule. Much depends upon your answers to a few questions. The first question is: what condition is the rest of the house? If everything sparkles and looks to be in...

Buying or Selling a Home: buyer broker agreement, buyer broker representation agreement
buyer broker representation agreement: The key word in this, Rachel, is exclusive. If you signed an exclusive buyer s broker listing agreement that means it doesn t matter who or how you came to find and buy a property, you are obligated to pay a fee to that agent. Please read your agreement...

Buying or Selling a Home: buying a 1947 home, conventional loan programs, va home loans
conventional loan programs, va home loans, fha loans: Hi ESTHER-- If you are going to buy the House as an investment, to rent out,therer are numerous CONVENTIONAL LOAN programs that you could use.To buy investment properties, however, your down payment,interest rates and loan fees will be higher than if...

Buying or Selling a Home: buying a 1947 home, regulatory commissions, old paint
regulatory commissions, old paint, lending institutions: Hello Again; So the only loan you could get from a conventional lending institution was considerably higher rate than the going rate for a home loan. This tells me that you may have credit issues or other issues that limit the way you take this loan. Consequently...

Buying or Selling a Home: buying home across street from sex offender, sex offenders, buying selling
sex offenders, buying selling, renting: Hi Susan, While no one can answer that question but you... I will tell you that to some prospective tenants that will be a big issue... to others they may never check the site to see ... or that person could move tomorrow and then not be an issue at all......

Buying or Selling a Home: Carpet Allowance, buying, selling
buying, selling, closing costs: Hi Linda, It is not illegal for a seller to give a credit to a buyer... at least not in California where I practice. There are and can be restrictions on the lenders side as to how they may want the credit to show. Typically we show credits towards a...

Buying or Selling a Home: Cash purchase title deed change during escrow, title deed, mortgage lender
title deed, mortgage lender, title company: Just call the title company and tell them you are assigning the contract to her. The same Title company can deed it over for you when you get ready, ask them about that when you go in there to close on the house. They can explain the later process to you...

Buying or Selling a Home: Closing Attorney, Realtor, Real Estate Attorney
Realtor, Real Estate Attorney, Owners Title Policy: Hello Carolyn, There are plenty of transactions that close with only one attorney. There are a few things I would ask thought. Is your relative represented by a Realtor with a Buyers Agreement, not just a real estate agent? They are not the same thing necessarily....

Buying or Selling a Home: Commercially zoned property/Qualify for residential loan?, jessica bryan, dear francis
jessica bryan, dear francis, residential loans: Dear Francis; I was going to reject this question due to the fact that I am not a lender and therefore not as knowledgeable about this kind of a loan question; but I thought that I would write my answer to you so you can know how to proceed. Since a...

Buying or Selling a Home: Commercially zoned property/Qualify for residential loan?, residential loan on a commercial property
residential loan on a commercial property: Most likely, Frances, almost any bank you ask for a residential loan on a commercially zoned property will refuse your request. They will most likely insist on making it a commercial loan because it is zoned commercial. Why? Because commercial properties...

Buying or Selling a Home: Condominium Maintenance Fees, sewage gas, condominium units
sewage gas, condominium units, water sewage: Hi Kenneth; Yes. You are correct. These are the individual owner s responsibilities unless otherwise stated in your homeowner s agreement. However, the Homeowner s Association will pay for the common area water, sewage, power, insurance, etc. as part of...

Buying or Selling a Home: Contract, smart seller, cold feed
smart seller, cold feed, twenty four hours: Dear Lisa: I don t have a copy of your contract, and do not know what state you are from. Your contract probably has a clause that gives you approximately 21 days to have inspections and remove your contingencies. With your disapproval, you are entitled...

Buying or Selling a Home: calculating a buy out when ex has refinance the home shared together, quick claim deed, mortgage payoff
quick claim deed, mortgage payoff, faith estimate: Millie, Sorry for the delay in the response. If he already refinanced the home, and your name is off the mortgage and deed, then he should buy you out for the amount that he agreed upon. He should pay you the $21,000. If he wanted to charge you the costs...

Buying or Selling a Home: conditions of sale, new shingles, john mckenna
new shingles, john mckenna, deal breakers: Every house must be sold based on honest disclosure and a common agreement. If you agree or do not agree to fix any items, it is up to you and the agreement you have made with the buyer. Consult a real estate attorney for your rights in this issue. No one...

Buying or Selling a Home: enforcable purchase contract, right to cancel, inspection period
right to cancel, inspection period, HOA docs: Hello Patrick - The AZ AAR Residential Real Estate Purchase Contract 05/05 indicates the parties have agreed to mediate before seeking litigation... so don t be too threatened by the ignorance of the other seller/representative. Having discovered material...

Buying or Selling a Home: Fee for sales contract, mortgage purposes, sales contract
mortgage purposes, sales contract, personal friend: Dear Judy, This is a tough question, because when I usually help friends or family members, I do not charge them to get the contract ready. If you ask me what I think it will be a fair price, I think in the $200 to $500 range for only helping you fill...

Buying or Selling a Home: Flooring Allowance New Construction, Flooring allowance, credits
Flooring allowance, credits, new construction: Hello Brad - Usually when dealing with a builder there was the anticipation of base flooring being included in the sales price #incl installation#. When a builder offers an allowance usually, since the builder already anticipated the costs of installation...

Buying or Selling a Home: finished basement walls, sliding glass doors, thermal imaging camera
sliding glass doors, thermal imaging camera, laser measurements: Sorry for the delayed reply, I never received an e-mail that a question was pending. As far as the enclosed wall goes, is their concern with moisture and leaks or with the wall condition and being plumb or not? If it is with water or moisture damage, a...

Buying or Selling a Home: gifting money for realestate investment, retirement investments, tax ramifications
retirement investments, tax ramifications, jessica bryan: Dear Kim; Your question involves tax ramifications along with those things that the tax laws currently allow. Because these things may vary from state to state, it is often important to discuss your questions with tax and estate experts. Certainly you can...

Buying or Selling a Home: Home builder referral fees, referral fees, licensed
referral fees, licensed, unlicensed: Hello Nate - With the understanding I am not privileged to the entire builder offer of compensation to the broker in question... and providing there is no other part of the offer that might be interpreted as a violation the act of paying a referral fee broker...

Buying or Selling a Home: Home Modification Denied by Chase, letter chase, workout options
letter chase, workout options, deed in lieu of foreclosure: I would hate to see your credit score drop drastically, Joao, but that is what would happen if you let the property go into foreclosure or give a deed in lieu (they are both the same as far as your credit score is concerned) to the bank. However, you wouldn...

Buying or Selling a Home: Homepath (Fannie Mae Loan), Homepath (Fannie Mae), Buying
Homepath (Fannie Mae), Buying, Selling: Hi Lorena, Congratulations of deciding to make the jump and buy a property... great time with low rates and prices depressed as they are from the high point. Pricing your purchase off Zillow is chancy at best... I have never known them to be accurate...

Buying or Selling a Home: Land/acres/lot, real estate appraisal, question pool
real estate appraisal, question pool, land acres: Hi LARA-- Your statement ...same laws as the U.S. makes me nervous! Every State in the Contnental US has its OWN Real Estate Code, with different laws effecting a variety of Real Estate, Appraisal, Buyng & Selling and Financing policies and procedures....

Buying or Selling a Home: Listing Agent Mal-Practice?, mr dennis, fifth day
mr dennis, fifth day, no doubt: Multiple offers usually present a hassle, Justin. To add to the situation, the offer was presented to no doubt someone who was representing the seller appointed by a government agency. In most cases such as this, the seller usually accepts the highest priced...

Buying or Selling a Home: Maintenance Fees, condo's, maintaince fees
condo's, maintaince fees, HOA fees: Hi Kenneth, the HOA fees are not maintenance fees... they are fire insurance, sometimes flood or earthquake insurance, policy on officers, exterior lights, exterior gardens, pools, walkways, roofs, sometimes windows,water to the unit, inside electrical,...

Buying or Selling a Home: Market overview, real estate professionals, impending release
real estate professionals, impending release, financial experts: Hey, Richard. Miami seems to be improving for the last few months. However, in all areas, the experts (and I m not sure we should trust these real estate and financial experts anymore) warn of an impending release of what they call shadow inventory to...

Buying or Selling a Home: NY Stae Capital Gains Tax On Sale Of Primary Residence, capital gains tax, capital improvements
capital gains tax, capital improvements, hi mike: Hi Mike, Thank you for your question. The capital gain exclusion is $250,000 for an individual and $500,000 per couple. All your capital improvements and selling expenses can be deducted from the gain. What your final tax rate will be is for an accountant...

Buying or Selling a Home: Opinion on whether fixes/staging will be worth the return?, home for sale, home inspector
home for sale, home inspector: Hello, Are you working with a realtor, if so what have they suggested? What is the house apprising for compared to what the average home of that size and age selling for in the same area? A good real estate comparison and a little market research will...

Buying or Selling a Home: Down Payment Assistance Programs, down payment assistance
down payment assistance: Richard, There are still loans available with 100% financing, but only for buyers with stellar credit. Some states have STATE HOUSING LOANS that might offer down payment assistance. In my area, there are “hero” loans available – for firefighters, policemen,...

Buying or Selling a Home: Down Payment Assistance Programs, down payment asssistance, USDA loans
down payment asssistance, USDA loans: Hello Richard, There are a number of down payment assistance programs. Many depend on who you are, what your situation is, and where you are so I can t recommend any specific one to you. The mortgage broker they are working with should have that type of...

Buying or Selling a Home: Down Payment Assistance Programs, payment assistance programs, fha loan
payment assistance programs, fha loan, private organizations: You should look for a family member to give the needed assistance. There are no outside groups - to my knowledge - that can be acceptable or are allowed. Check with FHA to get further input. Sorry, but because of the minimum (3 1/2 percent) down payment...

Buying or Selling a Home: PROPERTY, legal opinion, power of attorney
legal opinion, power of attorney, variances: Ms Watts-- Real Estate Law and Policies/Procedurs differ from State -to-State in the USA--and I must assume that Canada has it s own legal system s handling of matters related to Real Estate that is unique to the nation and perhaps to the different provinces....

Buying or Selling a Home: possession after closing, buying, selling
buying, selling, repairs: Hi Rob... No you did everything you were to do and then some... I would put in writing what you did, have your friend sign a statement, send a copy to the new owners, their agent, your agent and you are done... Sometimes buyers think they are still renters,...

Buying or Selling a Home: property tax info, property tax rates, buying a home in florida
property tax rates, buying a home in florida, luck jim: Yes HAL-- It takes too long Since reading your question I ve searched the Web for a single-source for you, but to no avail.As you must know, property taxes are levied by jurisdictions, some cities, some counties, each with an Assessor s Office that...

Buying or Selling a Home: Real Estate Sale prior to Probate, real estate sale, sated
real estate sale, sated, first wife: Indeed quite a mess, Jay. And it all started when the property failed to go through probate and the title company refused to insure it . . . as it turned out. But why the bank lent money on a sale that basically didn t happen is beyond me. This is a case for...

Buying or Selling a Home: Any Recourse for Home Purchased with Dead Tree in Yard?, tree expert, proper sequence
tree expert, proper sequence, arborist: As long as it was not revealed in the usual property condition documents, Chris, you first have to actually have the expense of removing the tree, then look for who to reimburse you. In this case it would be a small-claims matter. Contact your Realtor, if...

Buying or Selling a Home: required documents, finance terms, time for review
finance terms, time for review, commitment letter: Hello Matt - It is always more appropriate to get proof that you delivered the documents required in the contract. therefore, you are not required to provide documents the contract does not require. Anticipating the contract required these in boiler plate...

Buying or Selling a Home: Selling my home without an agent, real estate lawyer, escrow officers
real estate lawyer, escrow officers, home fsbo: Hi Erica; I don t ever advise people who have never sold a home before to do it by themselves since there is a great deal to know and lots that can go wrong. some people are lucky and have a seamless transaction, but more often people have problems. As...

Buying or Selling a Home: Septic Disclosure/Location, septic tank, car port
septic tank, car port, hodge podge: Hi RECHELLE-- None of us Out-of-Town EXPERTS can answer the hodge-podge of questions you re posing here! You ve got a mixture of questions on a variety of connected: subjects,some covered by Federal and/or State Law, others by County or Community...

Buying or Selling a Home: sell home, title insurance policy, original blue print
title insurance policy, original blue print, title company: Hello Bing, Thank you for your question. This sounds like a problem. Why do the buyers say it is illegal? Just because it is not on the original blueprint does not mean it is illegal. There may have been an addition made later. Your first step...

Buying or Selling a Home: sell house, lease and option
lease and option: This sounds like a perfect opportunity for a lease/option, Shirley. As long as the tenants have been paying rent without fail, you may want to reward them by having a good real estate attorney put together a lease and option for you and the tenants. The...

Buying or Selling a Home: to sell or not to sell, galvanized pipes, broken water
galvanized pipes, broken water, beautiful acres: You are paying interest on the other two loans. If you don t have the time and money to fix the home that is paid for, then I would sell it and pay off the two houses that are charging interest, out the rest of the money aside to earn interest. Have less worries...

Buying or Selling a Home: selling home in iowa, www irs gov, capital gains exclusion
www irs gov, capital gains exclusion, irs publication: Hi Marie, Sorry for the delay in responding. This has been an extremely busy real estate weekend, and I am just now catching up on my email responses since Friday. Many of my real estate clients are also asking this same question that you did about...

Buying or Selling a Home: short-sales, late payments, foreclosure
late payments, foreclosure, lori: Hi Dianna, Doing a short sale will definitely ruin your credit. Yes, you need to be past due in order for the bank to consider the short sale. They have to believe that you are headed to foreclosure, otherwise they wouldn t agree to accept less than what...

Buying or Selling a Home: apprasial, real estate contracts, residential appraiser
real estate contracts, residential appraiser, downpayment: Hey KELVIN-- If you ve offered $280,000, it s been accepted, you now have a Contract that mandates the price, terms and conditions of the transfer of ownership of the property involved.If A State-licensed or certified Residential Appraiser has established...

Buying or Selling a Home: Bank approval of short sale offer, private mortgage insurers, loan guarantor
private mortgage insurers, loan guarantor, bank approval: Hi BOB-- In a Short Sale, there s usually 3 parties to the sale that must ACCEPT the Buyer s Offer. One is the Seller, the other the Lender, and last-but-not least, the MORTGAGE INSRANCED PROVIDER or LOAN GUARANTOR. FHA is a Mortgage Insurance Provider(MIP),...

Buying or Selling a Home: Buying a house without a realtor, selling a property, family properties
selling a property, family properties, transfer property to family: Dear Annette, If you are looking to get a mortgage to buy this home, then it is necessary to get a purchase agreement in place so you can apply for the mortgage. The bank, title, attorneys and all parties involved on the transaction will have a guide with...

Buying or Selling a Home: breakinng contract, listing cancellation, stage a house
listing cancellation, stage a house: Something like this question is probably the most common I receive, Aaron. And it is because the client does not bother to read the listing contract COMPLETELY. The contract no doubt says something like this: This agreement is valid for x-amount of months....

Buying or Selling a Home: No Disclosure of Survey on file, termite inspections, due diligence
termite inspections, due diligence, faint of heart: DEar Laurie: It means that there are no guarantees or warranties and that the buyer must do due diligence in obtaining home inspections, termite inspections, a survey inspection also that will designate the lot lines. You should find out if, once you have...

Buying or Selling a Home: depreciation, real estate tax, residential real estate
real estate tax, residential real estate, tax attorney: In commercial real estate there are pools of people that trade their properties so they can start the depreciation process over again. I m not aware of anything like that in residential real estate. You should consult a real estate tax attorney for options....

Buying or Selling a Home: Empower group USA, orem utah, group usa
orem utah, group usa, gut feeling: I m confused and need more information. Please provide more specifics, including why you make your mortgage payments to a real estate company and not a bank, why you would sell a property right after purchasing it, and if you have a contract. Thanks, ...

Buying or Selling a Home: Ethics, Article 1, Protect and promote clients best interest
Article 1, Protect and promote clients best interest: Hello Mar - If your agent is a member of the National Association of REALTORS there is an obligatory oath the agent took to uphold the tenets set forth in the NAR Code of Ethics. Articles 1-9 cover an agents Duties to Clients and Customers http://www.realtor.org/mempolweb.nsf/pages/code...

Buying or Selling a Home: earnst money, clams court, small claims court
clams court, small claims court, apprasal: Hi Don, You should check your Contract of Sale. Look under a “Default” paragraph, which should spell out what happens in the event a Purchaser defaults. Generally, Contracts are subject to financing. If a lender provided this man with a legitimate...

Buying or Selling a Home: Empower group USA, group usa, tax deed auctions
Buying or Selling a Home: Empower group USA, group usa, tax deed auctions, sean whalen

Buying or Selling a Home: fha loan, fha loan, question pool
fha loan, question pool, dwn: THIS HAS BEEN IN THE QUESTION POOL FOR OVER A MONTH NOW.I DON T KNOW WHO IT WAS SENT TO ORIGINALLY, BUT IT WAS NOT ME. I SUSPECT HE/SHE SENT IT TO THE POOL BECAUSE IT S VERY UNCLEAR AS TO WHAT THE QUESTION IS!ALTHOUGH I DON T UNDERSTND IT, I DECIDED...

Buying or Selling a Home: Home owner financing, legal repercussions, jessica bryan
legal repercussions, jessica bryan, electrical hazard: Dear Tina; Your rights are about the same as if you bought using a traditional lender. Your position that you were sold a lemon is one that (if substantiated) could have legal repercussions. You should consult an attorney. I do want to question whether...

Buying or Selling a Home: Getting back hand money, earnest money, right to cancel
earnest money, right to cancel: Hello Andy - This will depend on the terms of the contract used and the state laws in which the property is located. The answers you seek are provided in the terms of the contract. Since I am not aware of the state or the contract terms all I can provide is...

Buying or Selling a Home: home repairs, home improvement specialist, home improvement loans
home improvement specialist, home improvement loans, window furnace: This question is actually outside my scope of knowledge, consult a realtor, banker or home improvement specialist. Also Google home improvement loans and energy star or energy efficiency home improvements. I do know the government has certain tax credits...

Buying or Selling a Home: owner selling house while we are tenants, urgent reply, lease type
urgent reply, lease type, origi: Hi David, Thanks for the follow up. As the tenant you probably have the most rights under the law. I am only a real estate agent and can only tell you what is logical under real estate rules. Once the landlord tells you he has a date to close you have...

Buying or Selling a Home: Price increase question, approval letter, mr dennis
approval letter, mr dennis, valid reason: You wouldn t believe it when banks tell us that they don t want to foreclose or keep their inventory of foreclosures, would you? But that is what s happening in select locations, Denika. That house is obviously an REO, a bank owned house. Banks are just...

Buying or Selling a Home: Get Rid off my property quickly..., robert dick, mortgage balance
robert dick, mortgage balance, time robert: I m fine . . . and how are you. Robert? I would recommend you find a CCIM Realtor. That is a Realtor who specializes in commercial and income properties. I am sure there are quite a few of those kind of Realtors there in Chicago. These people are professionals...

Buying or Selling a Home: Selling my mobile home, carry a note, use note to buyer real estate
carry a note, use note to buyer real estate: My guess is that you may be missing a bet, Barbara. Why not have your Realtor sell it for whatever the market will be . . . but since you own it free and clear, sell it with YOU BEING THE BANK! That s right, you carry the loan on the mobile. You can probably...

Buying or Selling a Home: How not to get scammed when buying a mobile home, proper paperwork, luck mike
proper paperwork, luck mike, title and registration: Hi Raquel..what a deal! Go for it....except: 1. Have proof that this person is an heir, or has the right to sell the home. 2. Always go through escrow!! They will worry about taxes, fees, title and registration, liens, etc. That s what they do, and...

Buying or Selling a Home: sellers responsibilities for buyers insurance, dead shrubs, own insurance
dead shrubs, own insurance, new insurance: Personally I have never heard of this. I might seek advise from your own insurance company. Buyers Insurance company might have reason to think there is liability issues or other concerns. Some insurance companies are more concerned today about pine stray...

Buying or Selling a Home: signed contract to buy, community property states, due diligence
community property states, due diligence, period time: 1. If the owner releases you, it is important that you get it in writing. In real estate, and with all contracts, any changes have to be agreed upon by all parties and signed accordingly. 2. I cannot answer if you will be in a choke hold or not. 3. Take...

Buying or Selling a Home: Transferring title to old mobile home, death cert, palm springs ca
death cert, palm springs ca, luck mike: Hi Larry....simply take the title, reg. and death cert. to your local HCD(Housing and Community Development) office. Bring whatever you have to show your interest, ie will or trust papers. Small fee should be expected, and you are done. Don t forget to...

Buying or Selling a Home: upside down loan, realestate values, loan modification
realestate values, loan modification, mortgage balance: Would that I be able to help you the way I would want to, Terri, but unfortunately, the only way you ll be able to retain your present excellent credit is by continuing to make your payments. I could stop there and that would be the crux of this message,...

Buying or Selling a Home: Should I attempt to break contract?, sanity check, interested buyers
sanity check, interested buyers, busy street: Dear Karin; It is unethical for another agent to solicit a current listing but it is completely okay for an agent to respond to your inquiry if you solicit their help. My suggestion is to call another agent to get a sanity check. Explain that you are thinking...

Buying or Selling a Home: Buying out my half of the house, insurance payments, sole ownership
insurance payments, sole ownership, mortgage payments: Hello; The responsibility to share in the payments was an understanding between the two of you but unless there was some sort of a contract that identified what and how much you were to contribute, then by moving out you really left your ex-fiance with the...

Buying or Selling a Home: Buying Land, title insurance companies, adjoining landowners
title insurance companies, adjoining landowners, professional surveyor: This is a MESS! One or more of the many TITLE INSURANCE COMPANIES shpuld have issued policies on both the land Dad & Mom are interested in purchasing AND the Neighbor/Seller s land, as well as other adjoining landowners. Right now I don t THINK you need...

Buying or Selling a Home: Buying a Short Sale, fha qualifications, bank repos
fha qualifications, bank repos, dime bank: Good question, most bank foreclosures have MAJOR paperwork, regarding this kind of stuff. Closing dates are most of the time set in stone, also some times they charge you so much per day for not closing on time. I would check on this first.As for rights read...

Buying or Selling a Home: Buying a short sale, home buying maryland, home selling maryland
home buying maryland, home selling maryland: This is a common scenario. Normally when a home is sold as a short sale it is because the seller doesn t have any money and has exhausted all of their finances. They have to prove to the bank that they have a hardship and any additional funds in any bank...

Buying or Selling a Home: buying first home, mortgage broker, title company
mortgage broker, title company, good luck: Dear Sandra, The seller will be responsible if the property had lights when you originally saw the property and went into contract. If there were no lights, then the seller is not responsible to install these. However, certain types of financing require...

Buying or Selling a Home: buying a home, mortgage expert, income history
mortgage expert, income history, mortgage insurance: Hi Latanya, Whether or not you will be required to provide a rental income history on your current home to qualify for a new loan is a decision your lender will make. If a Purchaser is strong enough, both credit and income-wise, to carry the taxes, insurance...

Buying or Selling a Home: buying/selling to family members, legal transaction, local real estate
legal transaction, local real estate, buying selling: Dear Patrick, As long as you use the services of a local Real Estate attorney that represent you in both transactions to make sure that everything is legal, I do not see anything wrong with it. Also, you have to make sure that you do not purchase the...

Buying or Selling a Home: condo foreclosure purchase, foreclosure auction, redemption period
foreclosure auction, redemption period, right of redemption: Hi Bill, I do not claim expertise as a foreclosure expert. However, I will give you the benefit of what I know about some of the rules in my area. Yours could be different. Purchasing at a foreclosure auction can be very risky for an inexperienced...

Buying or Selling a Home: condos vs. co-op ownership, hud fha, wage earner plan
hud fha, wage earner plan, cooperative apartment: Hi TANYA-- As so many folks aren t truly aware of the dfferences between Condos and Co-Op s,I m going to start this way: CONDIMINIUM: (1)a form of ownership of seperate units or portions of multi-unit buildings that provide for formal filing &...

Buying or Selling a Home: contract, real estate commission, minor updates
real estate commission, minor updates, principal residence: Hi Ana, You need to first read your Contract of Sale and understand the language in it. When problems occur, the first place you should be looking is your Contract of Sale. Hopefully, you had an agent representing you. If so, get your agent involved...

Buying or Selling a Home: Damage responsibility, linoleum flooring, plumbing leaks
linoleum flooring, plumbing leaks, john mckenna: It depends on several factors (in my non-attorney opinion) to go after someone after it s been 3 years (that is a long time). First, can you prove intent to deceive? If the previous owner paid someone to make repairs and had no knowledge of how temporary...

Buying or Selling a Home: Easement that prevents from building a pool, townhouse development, pool construction
townhouse development, pool construction, preliminary title report: If there was no reference to the buyer making the purchase subject to her being able to build a pool in the back yard, she doesn t have a leg to stand on, Jim. The buyer received a preliminary title report prior to closing this transaction, like most buyers...

Buying or Selling a Home: how to get earnest money back, escrow account, luck mike
escrow account, luck mike, bonders: Lei....sorry to hear about this. It is my understanding that these type of companies are bonded for very high amounts of money. Probably will need to contact the insurance co. that is suing them....sounds like they may be the bonders . They may have $$...

Buying or Selling a Home: Found out that Home not in our name just the Land, deeds, title
deeds, title: Helen - Please excuse my delay in replying. I would immediately seek legal assistance by an attorney other than the one which helped in your acquisition of the property. You have a couple of issues.. first, title issues called clouds which include liens...

Buying or Selling a Home: home real estate listing, solds, open houses
Buying or Selling a Home: home real estate listing, solds, open houses, length of time

Buying or Selling a Home: finished paying payments on modular home and 1.12 acre land and they have not got a Title for the manufactured home for me so now am I just SOL or is there something they have to do to fix this, burke county georgia, vin numbers
burke county georgia, vin numbers, warranty deed: My bet, Tommy, is that there isn t one Georgia real estate agent in 20 that would be able to take care of this matter for you without having to engage a good REAL ESTATE attorney. So, my recommendation is to beat him/her to the punch and find that good REAL...

Buying or Selling a Home: House Title, home buying maryland, home financing maryland
home buying maryland, home financing maryland: You do not have to be on the loan, even if you are married. You can be on the deed to the house without being on the loan. If your husband makes enough money to qualify for the loan and his credit is good enough to qualify, you can do the loan in only his...

Buying or Selling a Home: hand money, minute consultation, hand money
minute consultation, hand money, hey susan: Hey, Susan. That is going to be totally dependent on the contract you signed with the builder. If you don t understand the legal language that I m sure it s written in, take the opportunity to talk with a good real estate attorney. They will usually give...

Buying or Selling a Home: home real estate listing, personal opinion, new photos
personal opinion, new photos, good question: Good question, Keep in mind, you might have the best agent in your area, sometimes it is not the agent, it is the times; The listing should not cost you anything? Listing a home with a REALTOR is part of the sales commission. Now is the time to have your...

Buying or Selling a Home: home real estate listing, mls systems, new photos
mls systems, new photos, realtor: Lots of people have this concern. Most MLS systems keep track of properties in a way that is cumulative, and it won t matter if you take it off the market or list with another Realtor, it still shows up as having been on the market before. So.........I wouldn...

Buying or Selling a Home: home real estate listing, trees and flowers, beautiful trees
trees and flowers, beautiful trees, comparable market analysis: Hey, Roger. I don t know what city of state you are in, but whether or not you are able to create a new listing will be entirely dependent on the rules for the MLS that your Realtor participates in. Generally, though, anything shorter than three months...

Buying or Selling a Home: home real estate listing, quarterly fees, new photos
quarterly fees, new photos, staging: Hi Roger, In my area, it does not cost an agent anything to generate a new listing. We pay quarterly fees, and there are no “per” fees. I think to take your house off the market because it has been on the market for over a year, and then put it back...

Buying or Selling a Home: home real estate listing, las vegas, selling a home
las vegas, selling a home, staging a home: Hi Roger, I definitely agree that you want a new fresh listing. Agents tend to ignore renewed listings, thinking there is probably something wrong with a property. I would also recommend all new pictures when the home is in pristine shape for the best possible...

Buying or Selling a Home: home real estate listing, buying, selling
buying, selling, staging: Hi Roger... sorry your home did not sell... I think there are a number of issues that should be addressed before you put the property back on the market. In general, 1st quarter is a good time to start the selling season... your area could be different,...

Buying or Selling a Home: home real estate listing, creative incentives, exterior improvements
creative incentives, exterior improvements, real estate brokers: Hi Roger-- Even with current Real Estate market conditions--values down, a huge inventory of homes for sale,it s a Buyer Market and a variety of Creative incentives being employed by Aggressive Real Estate Brokers/Agents and/or Builders,it shouldn...

Buying or Selling a Home: home real estate listing, multiple listing service, new photos
multiple listing service, new photos, asking price: Dear Roger: The main reason your home did not sell was probably because it was too high an asking price. It would have been smarter to lead the competition rather than trail the market. Why take it off the market? Maybe 2011 will continue to be a buyers...

Buying or Selling a Home: home real estate listing, upstate ny area, marketing partner
upstate ny area, marketing partner, advertising costs: Hi Roger, Wow! That s a lot to answer in a small space. You don t mention where you are located. Remember that any advice I give you only pertains to the Upstate NY area where I practice. 1.)You don t trust your Realtor enough to ask these questions, yet...

Buying or Selling a Home: home real estate listing, mls coverage, local media
mls coverage, local media, new photos: Hello Roger... Here are my basics: Is listing expired? Always sign a short term listing contract, so you can bail at any time. A listing should cost you nothing. New or old...no matter. The realtor will probably not be the one to sell the...

Buying or Selling a Home: home real estate listing, listing your home, re-list
listing your home, re-list: Hello Roger - The best time of year to market a single-family residential home is during the spring and summer months when homeowners are relocating their families to become situated before school restarts. Retirement and seasonal rentals in resort communities...

Buying or Selling a Home: home real estate listing, comparative market analysis, recompense
comparative market analysis, recompense, culprit: I like your idea, Roger. However, you re going to have to make sure your listing with your present Realtor has expired. Once it is expired, you need not be concerned about and costs to recompense the agent. I like your idea of practically making a new listing...

Buying or Selling a Home: home real estate listing, jessica bryan, money investment
jessica bryan, money investment, garden flowers: Hi Roger; I think that your Realtor would be very understanding and also quite pleased that you chose to stay with her after her time and perhaps money investment that she has already made. Once you explain your desire to have a fresh new listing, she should...

Buying or Selling a Home: Investment property - must be repair?, balcony railing, condo project
balcony railing, condo project, buyers agent: Good question, liability is a big issue. 1ST thing I would do is seek advice from your LAWYER. I might suggest you and or Lawyer review the restrictive coveniants as it relates to the condo project itself and what is governed under the restrictions.2nd I...

Buying or Selling a Home: Loan Contigency never removed, can we have the deposit back?, deposit money, agreement states
deposit money, agreement states, loan officer: If you definitely have your loan contingency in tact, then you should receive your full deposit back regardless of the reason you didn t qualify. Call your escrow company, and then fax them a letter explaining you want to cancel escrow. If the Sellers refuse...

Buying or Selling a Home: listing a home agter papers are signed, Active, Pending
Active, Pending, MLS: I am presuming you are still renting. First off, tell them that you will let no one in to the property unless they are accompanied by a real estate agent and that agent will need to present you their card. This is for safety and security reasons. You have...

Buying or Selling a Home: mobile home no tiltle, acre land, fannie mae
acre land, fannie mae, abstractor: Hi Jordan, Unless any debts of record have been cleared prior to your taking title, you could potentially be putting yourself at risk. Title insurance will help, but you need to have a title search done first. I’ll explain below. There are several...

Buying or Selling a Home: mortgage upsidedown, real estate values, underwater club
real estate values, underwater club, arizona land: What they did, Richard, was to NOT change the amount of time he had to pay the mortgage off. It was originally a 15-year pay plan. That they didn t change. By doing that, they in effect changed the principal. That means that if he continues until it is paid...

Buying or Selling a Home: Name change/removal in property documents, name change due to marriage, real estate mortgage
name change due to marriage, real estate mortgage, ownership documents: Hello JOSEPH-- Your questions are more for an Attorney or Title Company Official. Either of then can see to it that all of your Condo Ownersdhip documents reflect your new nameS ( I assume because you said BOTH of you had a last name change due to the...

Buying or Selling a Home: Name change/removal in property documents, name change due to marriage, warranty deed
name change due to marriage, warranty deed, ownership documents: There are two main ways of accomplishing that, Joseph. 1. You both sign a quit-claim deed giving title only to you. Example: Joseph and Jane Smith hereby deed 123 Main St, AnyLand, Utah to Joseph Smith as his own property. 2. If you do the same on a Warranty...

Buying or Selling a Home: Need to Get House Sold, fha loan, interested buyers
fha loan, interested buyers, loan money: Hi Mary; I am not sure what the rules from Medicaid are regarding personal property and why you have to get 90%. However, since the home is in your mother in law s name only and she is in a nursing home, she cannot make payments on the home. Perhaps it will...

Buying or Selling a Home: Need help getting a loan with very bad credit!, financial counselor, bankruptcy lawyer
financial counselor, bankruptcy lawyer, institutional lenders: ERIC-- With 300+ & mid-500 credit scores, NO BANKS, MORTGAGE COMPANIES, CREDIT UNIONS or other INSTITUTIONAL LENDERS will take a chance on you. Forget getting a loan now & go to work on getting your Credit Status upgraded over the next year or two....

Buying or Selling a Home: New Homer Owner in Michigan, 30 day notice, purchase agreement
30 day notice, purchase agreement, title company: Hi Karen, Thank you for the question. In New York the lawyers handle the contracts and the title companies follow up with the banks. Other states do it differently with the agents writing contracts and lawyers then reviewing them. It seems someone on...

Buying or Selling a Home: Problems with title for refinancing, bank foreclosure, cathleen
bank foreclosure, cathleen, title insurance: I don t know in which state the property is located, Cathleen, but it would seem to me that the lawyers are just being lazy, knowing they would probably not get paid for the work they would have to do to satisfy your request. They plain ol goofed. Sometime...

Buying or Selling a Home: Property Easements, property easements, full disclosure
property easements, full disclosure, title searches: Hi LYNN-- WOW! Who exactly is at fault If the Seller and/or his/her Realtor knew about this and didn t disclose it to you right up front.GUILTY! (Especially if your State is a FULL DISCLOSURE STATE! where each Seller is required to fill out a form...

Buying or Selling a Home: price, sales comparison approach, unit dwellings
sales comparison approach, unit dwellings, jim root: Hey JOE-- CAPITALIZATION is defined as the conversion of income into value.So, I guess it s relevant, but doesn t help you much. There are several METHODS an Appraiser can use to convert income into value--the one most appropriate for a Four-plex is...

Buying or Selling a Home: question on if this trailer is worth asking price, window seals, dryer vent
window seals, dryer vent, pennies on the dollar: good question, In my opinion, he is lucky you might be interested? why. I would consider alternatives. trailers are not that expensive, sometimes you can even find them as foreclosures for pennies on the dollar. based on your description, what ever you will...

Buying or Selling a Home: Sewer or Septic, public sewer, sewer system
public sewer, sewer system, local real estate: Hello Toni, It will depend if you are the only person in the area with city and also the only one with out it. In both cases it will increase the value of the property. Here is Florida, in the area I specialize and sell, buyers feel that septic is outdated...

Buying or Selling a Home: Short Sale Guidance, selling home maryland, buying a home in maryland
selling home maryland, buying a home in maryland: It s unusual for the second lien holder to have ordered an additional BPO. The listing agent won t be able to tell you the exact numbers until they have feedback from the second lien holder. If the second comes back and wants let s say $7k and the first...

Buying or Selling a Home: sell my mobile home, mobile home question, mobile home park
mobile home question, mobile home park, north central california: First of all, Vikie, if you are not willing to pay 10% as a commission to a good Realtor, you had better be a very lucky person or go out and knock on doors and advertise and attend meetings and read books and, well, you get the idea. If you re expecting to...

Buying or Selling a Home: sell of property, buying, selling
buying, selling, power of attorney: Hi Pam, I am so sorry to hear about your husband... you will most likely have to get a court appointed guardianship to proceed with this... I am surprised at this point that the lawyer had his name re-installed on the deed.. as you can see it is always...

Buying or Selling a Home: selling of 1974 Mobile Home in Park, mobile home park, luck mike
mobile home park, luck mike, home park: Hi Susan....this market has all but dried up! You can call 21st Mortgage...start there and ask local dealers near you who they use. You may want to consider carrying the loan yourself...with a good down payment. You can make some good interest, if you can...

Buying or Selling a Home: We have been sued after 1 year of closure on home, errors and omissions insurance, property inspector
errors and omissions insurance, property inspector, licensed property: What you need to do, Wanda (I m surprised your attorney didn t make this suggestion) is to advise the BROKER/OWNER of the office that handled your sale and tell them that if you get sued, THEY are going to get sued by YOU. So, you should advise that broker...

Buying or Selling a Home: Someone trying to sell a house that's been sold??? maybe???, ethical agent, surprise surprise
ethical agent, surprise surprise, half a mind: Unfortunately, Ann, there are indeed a few real estate agents who are less than honest. What that guy obviously was trying to do was to find buyers. Presently, agents are having a heck of time trying to find legitimate buyers. So, he puts down an address in...

Buying or Selling a Home: $8.000.00 first time home buyer tax credit extension, buying, selling
buying, selling, tax credits: Hi Marissa... No the unemployment has nothing to do with the monies that went to firt time home buyers ... and for that credit you would have already had to have been in escrow by 4/30/10... so if you are not you are out of luck on that... But the deals...

Buying or Selling a Home: Articles, american library association, carol smallwood
american library association, carol smallwood, professional colleague: Please note, Carol, that I have been a real estate broker since 1971. I doubt if I can help you if you are expecting an article or two from a financial planner. I would be biased towards real estate. I can snail-mail a copy or two of my real estate advisory,...

Buying or Selling a Home: appliances, trash compactor, granite countertops
trash compactor, granite countertops, black face: Hey, Beverly. It seems that the most aesthetically pleasing kitchens are those where the dishwasher, refrigerator, stove, and trash compactor (for those who have them) are the same finish. Of course, interior aesthetics can result in a higher price when...

Buying or Selling a Home: Better Resale - New Windows or HVAC, buying home in maryland, maryland condo selling
buying home in maryland, maryland condo selling: If you are wanting to take advantage of the tax credits and would like to do an upgrade, I would choose the new HVAC. Typically buyers will look at that first and 1982 windows aren t going to be *that* bad. If a buyer purchases a home and the HVAC goes bad,...

Buying or Selling a Home: Building permit., city of manteca ca, city of manteca
city of manteca ca, city of manteca, probate sales: Hey, Adam. Sorry to hear about your problem, but, unfortunately, this happens a lot, especially with probate sales, foreclosures, and landlord sales; in other words, whenever the owner of the property never lived there or hasn t lived there in many years,...

Buying or Selling a Home: Buying, lease/purchase, tenant
lease/purchase, tenant: Hello Regina, At this point you do not own the home, the owners own it. I believe that you are in essence, a tenant and therefore they should fix it. Possibly this might not be so, if you have agreed to maintain the home in your lease/purchase agreement....

Buying or Selling a Home: buying first house, prudent approach, principal interest
prudent approach, principal interest, mortgage broker: Dear Lorane: You bring up some excellent questions, and I respect your prudent approach to a major purchase. First of all, you should sit down with a mortgage broker/lender, and give him all requested documentation. This will include pay stubs from...

Buying or Selling a Home: buying a home, buying, investing
buying, investing, mortgages: Hi Ester... check both spots... home equity is run off % of the value you have left in the home. Wells Fargo typically will not lend past 70% loan to value... that is the max you can go... you will have fees no way around that ... so consider either higher...

Buying or Selling a Home: buying a home, closing put on hold., preliminary title report, marketable title
preliminary title report, marketable title, earnest money: Unfortunately, David, occurances such as this are more common than we would like to admit. If your Realtor is experienced in the short sale and foreclosure business, he/she will tell you. However, if you re going to place the blame anywhere, place it on the...

Buying or Selling a Home: buying an investment, brick veneer, pier and beam
brick veneer, pier and beam, mr franklin: HI ESTHER-- I can t make this decision for you! Both have their advantages and disadvantages. Why don t you use the BENJAMIN FRANKLIN CLOSE to decide which home to purchase. On a sheet of paoer, write the Address of the 1990 Brick Veneer Home on...

Buying or Selling a Home: when company change, legal aid societies, real estate mortgage
legal aid societies, real estate mortgage, free legal assistance: TASHA-- You ve mentioned a COMPANY change.a LENDER change and NAME CHANGES that affect your Rent-to-Own/ Lease Agreement. Your question about your rights to take actions bearing upon your CONTRACT(S) with the COMPANY,the LENDER and perhaps another...

Buying or Selling a Home: Deed is wrong...don't own my back yard!, property condition disclosure, negligent misrepresentation
property condition disclosure, negligent misrepresentation, new hampshire real estate commission: Hi Rose, Gosh, what a mess you have. I would try to locate the person from 12 years ago who deeded the small piece of parcel that the LLC/Rite Aid had no use for and then gave it to your property. Ask if they will execute another deed for the same...

Buying or Selling a Home: discloser of assesment increase to seller, covered front porch, discloser
covered front porch, discloser, certificate of occupancy: HI Kathleen, Thank you for the follow up. This helps. Did you ask the assessor why they increased the assessment? They cannot change an assessment just for one house unless changes were made to that specific house. It could be they reassessed for the...

Buying or Selling a Home: Earnest Money, earnest money deposit, fha home loan
earnest money deposit, fha home loan, small claims court: Dear Earnest: I am sorry that you have been laid off, and are now facing the problem of getting back your deposit. Please check over your contract and see if you bought the home contingent upon you being able to obtain financing. If so, you should be able...

Buying or Selling a Home: Exclusive Right to Sell, Exculsive Right to Sell, Protected Period
Exculsive Right to Sell, Protected Period, Vacate Premises: KamB, I m sorry but you have me thoroughly confused. Exclusive Right to Sell is something a Real Estate agent gets from the Owner of a property. It has nothing to do with tenancy or who has a right to live in the house. I don t understand what kind of agreement...

Buying or Selling a Home: Fence Dispute, Home Fencing and property rights
Home Fencing and property rights: Hey Sandy, I would get a copy of the survey from the company that conducted the survey. Make a cope and also try to get a copy from the county office that handles deeds. I would make a copy of all the documents and send him a certified letter requesting...

Buying or Selling a Home: family home, home equity loan, tax consequences
home equity loan, tax consequences, reverse mortgage: If the home is paid for you could look into doing a reverse mortgage. They will do an appraisal for you. Ask your mother s estate attorney about the tax consequences. You can get a mortgage to pay your siblings but the bank is going to have the house...

Buying or Selling a Home: HOA Rules & Selective Enforcement, central heating and air, selective enforcement
central heating and air, selective enforcement, verbage: Dear Rachel: I have answered all of the questions that refer to assistance from a real estate broker. Now you are embarking upon a legal situation. Real estate brokers are not allowed to practice law without a license . You could hire an attorney. KARYN...

Buying or Selling a Home: HUD certification, wind zone, kitchen cabinets
wind zone, kitchen cabinets, hud: Hi Susan, the #s you are looking for are on the rear of the home. A metal plate is riveted to each half of the home(doublewide). If they have been covered up by siding, or paint, look on the reg., or title for HUD, or Insignia # on it...more than likely it...

Buying or Selling a Home: Hud Sticker for a moblie home, moyock nc, mobile home park
moyock nc, mobile home park, nc dmv: It would be foolish for me to attempt to give you advice in this matter, Bryan, because as a California real estate broker I might be misadvising you since I cannot say I know North Carolina mobile home rules and laws. However,if we use common sense in this...

Buying or Selling a Home: home buyer problems, roof leak after closing, seller disclosure
roof leak after closing, seller disclosure, agent disclosure: Hello Phillip - I apologize for the delay in my reply. The state licensing entities that govern Home Inspection are different in every state. In AZ, for instance, it would be both the Board of Technical Trade as well as the Registrar of Contractors. There...

Buying or Selling a Home: home buying, patient man, time back
patient man, time back, best interest: HI ESTHER-- If you e signed a Buyer s Agent with someone, and that Agent is the one who showed you the house you re interested in making an offer on, you are CONTRACTUALLY OBLIGATED to have your contracted Buyer s Agent represent you--help you determine...

Buying or Selling a Home: home buying, buying, selling
buying, selling, fixing: Hi Ester...keep in mind you can pay off a loan any time (unless called out that there is a predetermined pre-pay) sooner if you so choose... due to the small amount of money $45,000 it may be easier to obtain the equity line...in fact if you can get an...

Buying or Selling a Home: home equity, home equity loans, haves and have nots
home equity loans, haves and have nots, home equity loan: Hi again ESTHER-- Get in touch with your Buyer s Agent ASAP! Also, if you haven t already found a Loan Officer(LO) to handle your financing, do that ASAP too! You need to discuss your wants and needs , your haves and have nots regarding how...

Buying or Selling a Home: Insurance and Liability, liability in post occupancy, closing and letting the seller stay
liability in post occupancy, closing and letting the seller stay: Dear Brian, Thank you for your question, and YES! I would definitely ask the owner and occupants of the property to sign a waiver of liability. Remember, you are the new owner and you will bear with the responsibility and liability if something was to...

Buying or Selling a Home: investment property, buying, investing
buying, investing, mortgages: Hi Ester... NEVER pay over market value unless you know the market is poised to have a run up as we saw before the crash... then you can buy and sell quickly and make money... As an investor... you ALWAYS make your money on the PURCHASE, never on the...

Buying or Selling a Home: landlord selling house, financial obligation, rental agreement
financial obligation, rental agreement, legal opinion: Dear Byron: I can only sympathize with you. This is typical in this kind of market and has left many a person in a terrible situation. You are bound by a lease, but unfortunately, the landlord is not. Please keep in mind that asking the bank to consider...

Buying or Selling a Home: I'm current on my mortgage but I need to relocate to a nother city immediately, las vegas, homes for sale
las vegas, homes for sale, real estate: Hi Byron, whether or not the mortgage company will take it back is up to them and varies from region to region. This is called a deed in lieu of foreclosure, and it will impact your credit negatively. Most lenders have discontinued this practice because...

Buying or Selling a Home: mis representation, Real Estate Commission, compensation
Real Estate Commission, compensation, Misconduct: Hi Nick, I don t know about Indiana but in Georgia we are required by law to submit all offers no matter what they are. Now I think, there may be a time line here, but I m not for sure. Did your offer come before or after the Seller fired the agent? Sounds...

Buying or Selling a Home: Getting preapproved, pre approval letter, escrow period
pre approval letter, escrow period, half point: Dear RL: Good for you, pre-approval is going to be your best best for success and for prevailing over other bidders. I would suggest calling the mortgage person who will be writing your pre-approval, and ask the questions you asked me. It is a good idea...

Buying or Selling a Home: Quick deed, Land Deeds
Land Deeds: As stated in your subject line, my experience with land is that a quick deed, as long as it is not contested is the quickest and simplest way to deed property. The other siblings must sign the quick deed as you mentioned in your comments above, consult...

Buying or Selling a Home: questions about selling condo, furnace blower, laundry room
furnace blower, laundry room, appraisal value: You will need to have a talk with an estate or probate attorney whether you like it or not, Melissa. That s the law. The law provides for payment of any liens, encumbrances, bills or rehabs the condo will require. Once you talk with the attorney you will know...

Buying or Selling a Home: quitclaim deed, quick claim deed, warranty deed
quick claim deed, warranty deed, detail search: Dear Gail, In most sales, a buyer will acquire the property by doing a detail search of title. However in the event of a quick claim deed, the title and all the defects of title are transferred to the new owner. So most buyers will do a detail search of...

Buying or Selling a Home: Rent to Purchase, pay stubs, lease period
pay stubs, lease period, local real estate: Dear Terry, Thanks for your question. Usually with a rent-to purchase, the owner collects a deposit for the rent part of the agreement and a deposit for the sale part of the agreement, as well as monthly rent. The agent is not allowed to collect...

Buying or Selling a Home: real estate license renewal, luck jim, associate brokers
luck jim, associate brokers, real estate license: HI JOHN--Renewal requirements are set by the State issung the Licese. Here in Washington State it s every two years, with a fee and a minimum of 60 clock hourse of Continuing Education(CE) for renewal of the Saleman License.In some states it s 3 years,...

Buying or Selling a Home: Any recourse?, seller disclosure statement, mold remediation
seller disclosure statement, mold remediation, remediation company: Dear Dawn; When there is an area that is carpeted it is difficult to inspect beneath it. One has to rely on the seller disclosure statement. There should be something that refers to flooding, moisture problems, etc. Since there was obviously no disclosure...

Buying or Selling a Home: Any recourse?, errors and omissions insurance, fall in chicago
errors and omissions insurance, fall in chicago, first dawn: What you have to do first, Dawn, is to assess the value of the work that has to be done. That means getting the necessary experts to look at and give you their prices to replace everything. Once you do that, you would have to send letters to the inspector,...

Buying or Selling a Home: Any recourse at all???, interesting real estate, fall in chicago
interesting real estate, fall in chicago, minute consultation: Hey, Dawn. Since you re in Illinois, which has some interesting real estate laws, the best thing you can do is to contact a real estate attorney. Most attorneys give you a free 30-60 minute consultation, so take advantage of that. Basements are problematic...

Buying or Selling a Home: For Sale by Owner, childrens names, lawer
childrens names, lawer, legal opinions: Hi DIANA-- I suspect she ll need BOTH an Agent AND an Attorney to handle this complicated situation!When Grandma put the property in the names of ALL eight(8) of her kids she made it impossible for any ONE (1) of them to legally do anything about, with...

Buying or Selling a Home: Selling 5 acres with house, survey, legally defined
survey, legally defined, paid in full: Hello Giselle, I am assuming that if you only used half of the land for the mortgage, I assume the part without the house, that the property was surveyed then or had previously been subdivided. A property can t be mortgaged unless it is legally defined....

Buying or Selling a Home: Selling Everything, primitive houses, local realtor
primitive houses, local realtor, affordables: HEY ROBERT-- I d have to know a whole lot more about these properties than that they re all three in the U.S. Virgin Islands and one hs a pretty good view of the water in order to suggest any kind of Marketing Plan for you! First I d need to know...

Buying or Selling a Home: Selling Property in CA that is in a Revocable Trust, palm desert area, revocable living trust
palm desert area, revocable living trust, successor trustee: You may be the main beneficiary, Lou, but I suspect your mother is the trustee. The trustee is the boss of a revocable living trust. You are probably the successor trustee, I suspect. So when the condo has sold, as the trustee she may do as she wishes with...

Buying or Selling a Home: selling half of property, mortgage payments, mortgage payment
mortgage payments, mortgage payment, tho: Hi Chuck, That is really nice of your Brother to offer to help you out. I really think you should address this question to an Attorney tho. There are way more issues at stake than the fair market value of the property. I wish I could help you more, but this...

Buying or Selling a Home: selling my home, distressed owners, full time real estate
distressed owners, full time real estate, asking this question: Dear Carol, Thanks for your question. Companies like the one you are referring to are profit companies in the business of buying and selling homes. They usually buy homes from distressed owners that need to sell quicker than through the regular market....

Buying or Selling a Home: short sales, trustee sale, auction
trustee sale, auction, short sales: Robert, Yes, a bank can sell your home at auction even if you have an escrow open. It is very important to have your real estate agent work with the bank to extend the trustee sale (auction). I assume that if escrow has been opened you have a buyer...

Buying or Selling a Home: tearing down old trailer, want ad digest, double wide mobile home
want ad digest, double wide mobile home, single mom: Hi Linda, No, Sorry, I don t know of anyone specific in Colorado who does this kind of work, however, you might want to go to: www.MHBay.com It is a Mobile Home web site that has lots of links that you might find helpful. If that doesn t work, then...

Buying or Selling a Home: trying to find old friend, real estate investor, jim root
real estate investor, jim root, luck jim: Hi TERESA-- There s a WILLIAM PETE CUNNINGHAM who s a North Carolina State Representative. He a single gentleman of some 70+ years,who served as a Paratrooper in the Army and did a tour in the Navy, too. After his military service he worked as a Real...

Buying or Selling a Home: viewing other contracts, forclosed home, drivers seat
forclosed home, drivers seat, good question: Good question, believe it or not this happens all the time, a property can sit with no activity for a long time. The time you think it is good to make an offer, offers come out of the wood work. It has happened to me many times. The other agent has no reason...

Buying or Selling a Home: Wanting to buy a damaged, Pre-Foreclosure home, court house, couches
court house, couches, foreclosure: Hello Brittney; First, you need to know the actual value of the home if in good condition. This is easy to determine by checking surrounding homes of equal size and similar amenities (when fixed up.) Let s assume that the home is worth $200,000 (for purpose...