About Experts Sitemap - Group 8 - Page 3 2014-10-28

Buying or Selling a Home: House is falling apart..., radon test kit, cement siding
radon test kit, cement siding, hook ups: Hi Anna, Wow, so sorry to hear of your problems with this house. I apologize for the delay in responding, but I just took my Mother home from the hospital and was with her day and night for the last week. The “laws” on home buying are affected by a...

Buying or Selling a Home: help me to avoid foreclosure, loan modification, first mortgage
loan modification, first mortgage, personal reason: Dear Agus; This is a very difficult matter. The mortgage companies are changing their policies on almost a weekly basis! I can t really advise you what a mortgage company will do in these difficult financial times. I would say that the best source of advice...

Buying or Selling a Home: help me to avoid foreclosure, loan modification, first mortgage
loan modification, first mortgage, personal reason: If your friend was able to stay in her house for 9 months, chances are you might be able to do the same. If you are resigned to lose the house to foreclosure, then you may as well stop making payments to both mortgages now. This is what will happen: Nothing...

Buying or Selling a Home: house i bought, Sewer, septic
Sewer, septic, real: Hello Jason - I apologize for the delay in my reply as I was out of town. There are multiple levels of repsonsibility in disclosure issues. First, were you represented by an agent? If so, did you tell your agent that you would not purchase a home with septic?...

Buying or Selling a Home: improper transfer of property, cabo san lucas, nick florez
cabo san lucas, nick florez, balloon payment: Hmmm, if Ben does not want it, there must be a very good reason. Here is another here in town my office gave me. Write to Pedro at pedrop@phcs.com.mx He is a young Mexican attorney with excellent English skills - maybe he can see something differently...

Buying or Selling a Home: Leaking Stanley Martin Homes in Woodbridge, VA (Belmont Bay), marvin marvin, belmont bay
marvin marvin, belmont bay, mold and mildew: Hi Martin- Thanks for your nice comments and rating. I applaud you in being a man of action, particularly in light of your going overseas shortly. God bless you and best of luck in ALL your endeavors. I am responding to this question in order for your findings...

Buying or Selling a Home: LIFE ESTATE, real estate broker, life estate
real estate broker, life estate, brother and sister: You re going to have to be more clear on the relationships in your question, Bobby. It seems like this is more of a case for a REAL ESTATE attorney more than a knowledgeable real estate broker, Bobby. The fact that you have someone who is mentally disabled...

Buying or Selling a Home: land contract- sewer question, sandusky co, jessica bryan
sandusky co, jessica bryan, land contract: Hi Debra; It depends on what the contract states as to whose responsibility it is to pay for the sewer hook up and plumbing bills. If you have written that the Seller is to pay all pending assessments, and if the price agreed upon included sewer hook up...

Buying or Selling a Home: leins on a house your trying to sell, liens on property
liens on property: Amy, You ll probably have to pay the liens off in order to provide a clear title to the new buyer. A good title agent or real estate attorney should be able to look further into the validity of these liens and advise you on this issue. Good luck...

Buying or Selling a Home: Misrepresentation by Realtor at signing of Sales Contract, appraisal contingency, local realtor
appraisal contingency, local realtor, s broker: Hi Gloria- Thanks for your question but I m not sure what your goal is? I understand that the agent made a mistake in what he told you but is there a problem or are you just upset with him? I know this is a stressful time and you relied on him to take care...

Buying or Selling a Home: money in escow, escrow
escrow: Alice, Your welcome. Yes, it should still be there however with the conditions you explained of the title company, I m kind of doubting that the money is still there. I really think you should speak with a real estate attorney in your area. Good luck...

Buying or Selling a Home: New home, hard wood floors, drainage system
hard wood floors, drainage system, rain water: I recommend that you consult a qualified attorney ASASP. It sounds like you have a major issue and you should let the contractor know that you mean to take action, without delay. Just do it. It sounds like you have a solid case. John McKenna, CMI ...

Buying or Selling a Home: Non-Disclosure, escrow papers, legal recourse
escrow papers, legal recourse, bad mistake: Dear Trudy: Please understand that I cannot practice law without a license and thus, cannot give you legal advise. But I will address your questions, and then urge you to see legal counsel. No one can not afford to have a home inspection; you save a...

Buying or Selling a Home: NY Property Condition Disclosure, property disclosure form, property condition disclosure
property disclosure form, property condition disclosure, relocation company: Hello Brian, Thank you for your question. I think you are asking if the buyer can waive the $500 credit and require the seller to complete the property disclosure form? The seller has the option to supply a completed property disclosure form or give...

Buying or Selling a Home: nightmare on cr 2639 help[!!!, caddo mills texas, engineer reports
caddo mills texas, engineer reports, company checks: First question, did you have a REALTOR? 2nd question, is your contract on the home you are buying contingent? When is the closing date on the home you live in? Sounds like you are past that? There are a lot of questions I would need answered to be able to...

Buying or Selling a Home: Plumbing problems on new home purchase, plumbing problems, car port
plumbing problems, car port, water lines: If an inspector reports the conditions that are present at the time of the inspection and what he could not inspect because of the limitations noted, he has done his job. He could not test and inspect a system that is not working. If a person starts the...

Buying or Selling a Home: Previous owners unpaid bills, warranteed, leins
warranteed, leins, claim deed: I can only answer as a Realtor, not as a lawyer. My opinion on this question is; no it doesn t void the sale. However, you should check with your attorney or maybe a different attorney who is more familiar with Real Estate law. You should not be responsible...

Buying or Selling a Home: Privately buying a house that is realtor listed, typical realtor, realtor commission
typical realtor, realtor commission, contractual agreements: You can do this private sell, BUT the Realtor will still get the money. So basic, no you can not sell the house private. Once it is listed with a Realtor, it must be sold with a Realtor. And no you can not wait to the listing expires to sell it private....

Buying or Selling a Home: Problems with House Title, portable storage units, title attorney
portable storage units, title attorney, richmond virginia: Yes, Maggie, you are at the city s mercy. In the final analysis, the city s planning department is the culprit. They are the ones who must approve the lot division. If they gave you anything written saying that it would be completed by a certain date then...

Buying or Selling a Home: Propert Deed Form, and Language Therein, 1031 exchange property, title insurance policy
1031 exchange property, title insurance policy, warranty deed: Like I said, Tony, I didn t know your financial, or your plans for the future, but I would have told you about the lifetime exclusion. I am glad you chose that route to solve your problem. Glad you got started with the RIGHT way by going to CPAs. Dick Denni...

Buying or Selling a Home: Property Boundaries Laws, possession acquisition, field grass
possession acquisition, field grass, property boundaries: Hi Stephanie- Thanks for your question. It might better be answered by an attorney but I ll tell you what I learned in Real Estate Law. I think what you re referring to is Adverse Possession- acquisition of title by means of wrongful occupancy for a period...

Buying or Selling a Home: PURCHASED HOME WITH ILLEGAL ADDITION, jessica bryan, real estate broker
jessica bryan, real estate broker, sunrise florida: Dear Dianne; I don t know what the circumstances of your purchase were. Was this a listed home using a real estate broker? If so you can go after the brokerage. If not, you will have to pursue legal action against the seller only if the seller willfully...

Buying or Selling a Home: Purchasing during separation, condo loan, place thanks
condo loan, place thanks, loan mortgage: As long as your house is not sold to someone else, Kristina, you and your husband will remain responsible for the mortgage that is on it. Therefore, my guess is that a new lender for the condo will be concerned that you would be responsible for the condo loan...

Buying or Selling a Home: Purchasing a first home, mortage payments, credit history
mortage payments, credit history, good luck: Hi Joel, the best way to do it and place it in your names is to purchase the home in the normal way. This means you would have to settle on a price, then apply for a loan and get financing. If you take over payments the house remains in the father s name...

Buying or Selling a Home: property tax on foreclosures, foreclosures, courthouse auctions
foreclosures, courthouse auctions: Suzanne, I am obviously without some details here but it sounds to me that the property was bought back by the bank with whom your friend had a mortgage with. I say this because, the bank is not going to take that much of a loss at an auction sale. Someetimes...

Buying or Selling a Home: purchasing home, intimidation tactics, breach of contract
intimidation tactics, breach of contract, true colors: Hi Joel- Yikes! OK, here s the deal. DID THE OWNER AGREE TO FIX THE A/C IN WRITING? If so, he doesn t have a leg to stand on for all his bluff and bluster. There are a couple of ways to handle this- 1. Escrow the money for the repairs from the seller s proceeds...

Buying or Selling a Home: What qualifies as Primary Residence Orange County Calf?, zillow, value of my home
zillow, value of my home, forest home: It definitely does qualify as their primary residence, regardless of the boarder. They just have to claim the rental income at the end of the year on their taxes. As long as they are there they can have whomever they want stay on. They only need to live...

Buying or Selling a Home: Real estate general question, foreclosure properties, john dear
foreclosure properties, john dear, couple more years: Dear John, Anyone who reads a paper should be aware that the housing market is depressed and foreclosures are at an all time high. If you want your house to sell it will come down to price. If Michigan is anything like California the foreclosure properties...

Buying or Selling a Home: Road Widening Project and Easement, condemnation proceeding, minimal compensation
condemnation proceeding, minimal compensation, law cities: Hi Matt, Oh, boy, what a dilemma. I think yours is more of a legal question than a real estate question. First, I would suggest that you look up the condemnation laws in your area to see exactly what rights you have as a homeowner. Next, I would...

Buying or Selling a Home: real estate, maintanance, deed in lieu
maintanance, deed in lieu, real estate: Al, This question needs to be answered by your bank, just give them a call - terms will vary from lender to lender subject to the situation. In most cases, until the ownership officially changes hands, the current owner is tasked with all providing for...

Buying or Selling a Home: real estate, realtor, 12 months
realtor, 12 months, dick: I don t think so, Pat. I assume your parents house is in their name. If YOU were selling it, whatever listing you may have signed was not valid. Unless YOU own it. I get the impression you have not told me the whole story. But I can only respond to what...

Buying or Selling a Home: Why the real estate market is down, gm ford, rust belt
gm ford, rust belt, buy cars: There s not too many property owners who are willing to do this to help substatiate a lower value for their property: Make a comparable value of other properties in the area and establishing the cost per square foot. If you can assemble the information on...

Buying or Selling a Home: realtor lied, offer, writing
offer, writing, contract: Hello Melissa - You did not indicate as to whether your property is located in Arizona. In general, you always want to get everything in writing. Normal procedure is when the agreements are in writing and it says what you want it to say, and it says what...

Buying or Selling a Home: rent to buy, exchange properties, lease options
exchange properties, lease options, lease option to purchase: Dear Helen; Thank you for your question... Entering into an agreement with the renter as you describe is what you call a lease option to purchase agreement. This is not an easy agreement to put together as there are many areas in this proposal that need...

Buying or Selling a Home: Seller bought pre-construction, Mexico, homes
Mexico, homes, deed: Hello Mary Ann - Unfortunately, my area of expertise does not include property laws and real estate governance in Mexico. I recommend that you refrain from purchasing this property unless you can obtain the deed. Do not provide the seller with any earnest...

Buying or Selling a Home: Seller's Obligation, buying home baltimore, selling home baltimore
buying home baltimore, selling home baltimore: First of all I have to tell you that since I am not a real estate attorney, I am not allowed to give you advice regarding real estate lawsuits. My license only allows me to give you advice regarding the purchasing and sale of homes in the state of Maryland....

Buying or Selling a Home: Selling to a buyer with FHA loan, minor deficiencies, fha loan
minor deficiencies, fha loan, rigid inspection: LARRY-- Sorry my response to you hasn t been sooner but I had a Medical emergency that I had to deal with! I only hope my answer gets to you in time to be of help with your Dad s decision on whether or not to accept the FHA Offer!I m sure your Father s...

Buying or Selling a Home: Selling home with tenants in home, rental property, sell house
rental property, sell house: James, The most efficient manner to find buyers for your house would be to list the house with a licensed real estate agent. If you pick the right agent they will employ the best methods for giving your house the most exposure to these potential investors....

Buying or Selling a Home: Selling a mobile home in a park, mobile home park, double wide mobile home
mobile home park, double wide mobile home, princess leia: When you bought the mobile home, Meredith, you received a document of some kind saying to whom the seller of that home was selling it to. They put your name on it, right? You therefore have REGISTERED TITLE, like your car. You do not have LEGAL TITLE. That...

Buying or Selling a Home: Septic System, dunn county wisconsin, county health department
dunn county wisconsin, county health department, county sewer: No, Jake, if that house is being sold to live in. Just ask your county health department. They would tell you how it could be corrected. Chances are very good that the ground first has to be perked and most likely a new septic system would have to be installed...

Buying or Selling a Home: Septic System, public sewer system, private utility companies
public sewer system, private utility companies, drain fields: Hi Tracy, One drawback to a septic system, in my opinion, is that you cannot/should not put the likes of bones, eggshells, onions, etc., into a kitchen sink disposal which go into the tank. About once every five years, most home inspectors recommend that...

Buying or Selling a Home: How Do You Get A Staging Certification, stagers, wife lives
stagers, wife lives, swarz: When I attended the staging conference last year, I learned that Florida and California were the strongest markets for home staging. I live in Northern VA and the demand for staging is very low here. So I am thinking of closing my business by spring if business...

Buying or Selling a Home: sell or buy out my roommate?, realtor fees, jessica bryan
realtor fees, jessica bryan, land titles: Dear Alistair; You are absolutely correct in your thinking. The only thing that I can add to this is that there should be a home inspection with anything that is wrong with the home today repaired so you won t be faced with additional costs that come up...

Buying or Selling a Home: seller disclosures, statute of limitations, disclosures
statute of limitations, disclosures, property disclosure: Dear Ashley; Thank you for your question... I am sorry for the delay in getting back to you. I have just returned from a business trip, and just getting to my emails for AllExperts.com Unfortunately, there is not a clear answer to your question. During...

Buying or Selling a Home: seller's obligation, contract addendum, registered mail
contract addendum, registered mail, water problem: Dear sir, It is unfortunate but I am not licensed in Maryland. Their Disclosure Law is quite different from where I practiced in Virginia and DC. I can not offer much of an answer. This is the link to the Maryland Real Property Article dealing with...

Buying or Selling a Home: selling foreclosure that I bid on, foreclosure auction, trustee
foreclosure auction, trustee, dick: Great thinking, David. Of course you can assign your purchase to someone else. Just make sure that everybody knows about it, including the sellers. You might want to talk to the trustee or agent that handled the auction to make sure you do it right. He/she...

Buying or Selling a Home: selling a home, property tax increases, prop 60
property tax increases, prop 60, prop 13: Dear Judy, Since its passage, Proposition 13 prohibits property tax increases until property ownership is changed. If either spouse is over age 55 (when the old home is sold), PROP 60 allows replacement of a primary residence with a new home of equal or...

Buying or Selling a Home: selling a home, jessica bryan, real estate agent
jessica bryan, real estate agent, friends family: Dear Tina; When an agent is representing you they become a Seller s agent. If the agent works as both then all it means is that they can work both sides of a transaction but should certainly only represent you as a seller when they sign a listing agreement....

Buying or Selling a Home: selling house at auction, local market conditions, jessica bryan
local market conditions, jessica bryan, auction: Dear HM: There is no telling what it will bring. Much depends upon the desirability of the home, the location and the condition. If it is really worth $200,000 sometimes buyers will bid up to that amount and rarely but sometimes even higher. More often...

Buying or Selling a Home: selling land, acreage, paperwork
acreage, paperwork, good luck: The first place to start is to call the bank (start with the customer service #) and start working your way down to someone who has the authority (and knowledge) to discuss how to release part of the acreage from the mortgage. It may be feasible since...

Buying or Selling a Home: selling a mobile home, mobile home park, bad history
mobile home park, bad history, trailor: Hi Jessica....you can sell it, even if you are not approved by the park. Don t know what state you are in, but there are specific Civil Codes that pertain to park approvals. They MUST tell you WHY, if they turn you down! I wouldn t give the rest of the...

Buying or Selling a Home: short sale, short sale, late payments
short sale, late payments: You will need to contact your current mortgage holder on both your 1st and 2nd loan, you will need to prove hardship. Keep in mind the lender does not have to do anything, but they must speak with you and try to do a ‘loan modification’ before you go short...

Buying or Selling a Home: short sale - what is reported to IRS?, owner occupants, professional financial advisor
owner occupants, professional financial advisor, marginal rates: Hi Michael - I m not a tax professional, so this is something that should be discussed with whoever does your taxes. Basically the way it works is, for example, you owe $200,000 and sell for $150,000, you are short $50,000. The difference between what...

Buying or Selling a Home: short sales, tax expert, future time
tax expert, future time, townhouse: It certainly will not help your credit, Jose, but it should not hurt it. However, the lender may be required to send you a 1099 form at the end of the year. That may require you to pay something to IRS. I strongly suggest you talk to a CPA or other tax expert...

Buying or Selling a Home: should I short-sell my upside down house?, jessica bryan, question thanks
jessica bryan, question thanks, worst time: You are welcome Samantha; I am not sure about this advice anymore. However, with the financial market in upheaval I think that we should all sit tight and wait to see what happens next. Real estate is still a great investment. It might take longer than...

Buying or Selling a Home: Terminating a contract after inspection, home inspection contingency, aluminum wiring
home inspection contingency, aluminum wiring, luck jim: BRAD-- Whether or not one can terminate a Real Estate Purchase & Sales Contract as a result of the Buyer s findings in a Home Inspection depends upon whether or not the Contract contained a Home Inspection Contingency and if so, the precise wording...

Buying or Selling a Home: Transferance of Property, quit claim deed, deeding property
quit claim deed, deeding property: Emily Lyon, Thank you for your question. You ll want to create a quit claim deed. Your son and his wife will have to quit claim their interest in the property to your sister and daughter. This form can be found online or most likely through your clerk...

Buying or Selling a Home: terms and conditions, closing costs, reoccurring
closing costs, reoccurring, non-reoccurring: Hi Kristin, I take it you are the seller, and this clause is simple terms says that YOU will be GIVING the buyer $10,000, which they can use as a credit to the purchase of their money to fund this transaction. Keep in mind that money is not free for the...

Buying or Selling a Home: trading in 2 states, least five years, absolute minimum
least five years, absolute minimum, tax liability: If you don t already have a Realtor with whom you can work to accomplish your goal, Denise, I would recommend you find one (should be a seasoned one of at least five years or more). Otherwise, a REAL ESTATE attorney would be able to handle your transaction....

Buying or Selling a Home: transfer of my share in a property to my ex partner, jessica bryan, mortgage obligations
jessica bryan, mortgage obligations, mortgage amount: Dear Crupa; Your ex boyfriend should buy out your share in the amount of the 30 of the home s total value today. In order to do this, you should have the home appraised and then calculate what 30 of that value is that he should pay to you. This should cover...

Buying or Selling a Home: USDA-RD Loan; sell?, dear emily, jessica bryan
dear emily, jessica bryan, traditional loan: Dear Emily; It is always difficult to speak in general terms to a question of your sort. I don t know any of the specifics and cannot review a contract to know what you have agreed to. In addition, I don t do any business with USDA-RD so I can t speak to...

Buying or Selling a Home: VA loan, loan question, lease income
loan question, lease income, reoccur: I m sorry, I misunderstood and thought that you were paying the money directly to your brother in law as rent. If you have sent a signed and notarized statement to the lender and provided proof with the bank statements that you have the mortgage deducted out...

Buying or Selling a Home: VA loan, finance side, guarentee
finance side, guarentee, loan program: Hello: Your VA status should enable special consideration on both factors. The VA loan program is designed to help Veterans get loans, both with special consideration and with lower-than-market rates. You ll need to talk to a mortgage person who specializes...

Buying or Selling a Home: Walk away from a house known to have termites?, termite infestation, termite inspection
termite infestation, termite inspection, contractor friend: Hi ANSLEY-- Wow! First let me say this--YOU NEED TO GET A BUYER S AGENT WORKING FOR YOU! Listing Agents,even when working a Dual Agency tend to lean towards their Client, the Seller s BEST INTERESTS. You need an Agent who ll look out for you--and...

Buying or Selling a Home: well problem, kim goad, john mckenna
kim goad, john mckenna, pressure tank: It sounds like you need to contact a qualified well professional and find out what exactly what the problem is. You can seek relief from the inspector who inspected the well, as well as the home owner, and possibly the realtor. Contact the home inspecting...

Buying or Selling a Home: willing and able Buyer, breach of contract, buyers agent
breach of contract, buyers agent, specific performance: Hi Alex- It blows my mind that if someone agreed to a price in THIS market and the buyer is willing to go forward, why they would opt out? But nevertheless, a lot depends on how the contract and addendum are worded. If the seller has that option in the sddendum,...

Buying or Selling a Home: zoning contingency, Option agreement
Option agreement: Dear Sheila; Thank you for your questions. There is a contract provided by the California Association of Realtors (CAR) that is called an Option Agreement Form OA for such a transaction. To answer your first two questions, everything is negotiable...

Buying or Selling a Home: Backup offer on short sale, stranger things, closing cost
stranger things, closing cost, wells fargo: Hi Katie, Aside from the home being a short sale. The seller is probably technically under contract with the first offer. Unless the seller is somehow able to break the contract with the original offering party, nothing can be done on your end, even though...

Buying or Selling a Home: Buying a condo, step in the right direction, buying a condo
step in the right direction, buying a condo, proper advice: Hello Maria: It is possible, but it is difficult. The steps you want to make are as follows: 1) You want to find out your budget; It s probably going to be around $100,000. 2) Find an agent. Happily, I work in your area. If you d like, please contact...

Buying or Selling a Home: Buying A Home With Bankrupt, fha loan, john hendricks
fha loan, john hendricks, time home buyer: Dear Hector... Thanks for the follow-up question... Tax Liens are not good when it comes to establishing credit scores... They actually work against you even though you are paying them off monthly. Eventually, even when they are paid off, they still...

Buying or Selling a Home: Buying A House Under Chapter 13, fha loans, fha loan
fha loans, fha loan, reputable lender: Hi Hector, I’m sorry, but I do not have any expertise in what is required for obtaining an FHA loan after filing bankruptcy. This question should be directed to a lender who will be familiar with guidelines required by an underwriter. I would suggest...

Buying or Selling a Home: Buying A Property Under Chapter 13, fha guidelines, finance question
fha guidelines, finance question, fha loan: Hello- This is really a credit/finance question. There have been many changes to the FHA guidelines, I would probably talk to a mortgage broker to get a clear answer. Just be warned that the rules could be different one year from now. Matt Heisle...

Buying or Selling a Home: Buying into a percentage of a property, land leases, mortgage calculators
land leases, mortgage calculators, long term investment: What you describe is virtually a lease/option or a land contract, sometimes called a contract for deed, depending in what state the property is located. With a lease/option you would give your relative a deposit. You only say what you can afford, but you...

Buying or Selling a Home: buying a 2nd home on lake george, lake george, keller williams
lake george, keller williams, darlene: Hi Darlene, I d be happy to try to help you find a 2nd home on Lk George. Give me a call to discuss your criteria and I will set up a dedicated search for you. Looking forward to working with you, Laurie Stephenson Associated Broker Keller Williams...

Buying or Selling a Home: buying a cheap home, virtual pits, rocky mountains
virtual pits, rocky mountains, kazoo: Assuming you meant to buy something in the U.S. with those specifications, Ben, because I am not aware of anything in my area that would fill your bill. If you want forests, mountains with gothic construction, I would recommend looking in Norway or Transilvania...

Buying or Selling a Home: buying a foreclosed home, bank contract
bank contract: Sorry for the delay. I somehow missed your question. If you have a contract then the contract stands. You can sue the bank and make them honor the terms they agreed to. If the bank had a clause though that they could change their mind then they can. Have...

Buying or Selling a Home: buying an REO home, full disclosure, asking price
full disclosure, asking price, highest bidder: The owner of record (the bank) is probably available on a website if you play detective or you can call the county recorder and find out who they are. You can ask your agentwho the seller is as well and then proceed to call and ask who the contact person...

Buying or Selling a Home: buying an REO home, property negotiators, bank owned property
property negotiators, bank owned property, reo property: Dear Sara; Thank you for your question. Not knowing the entire details of your offer, and the situation why an apparent good offer was not addressed, a good explanation of the process may give you some insight as to how REO offers are negotiated and get...

Buying or Selling a Home: buying an REO home, problem situation, asking price
problem situation, asking price, highest bidder: Dear Sara: You are obviously bidding on a short sale, where the lender either is taking back the house from the owner in default, or has already taken it back and lender owns it and is selling it through the lender s choice of agent. Either way, it is a...

Buying or Selling a Home: Capital gain issue, capital gain tax, capitol gains
capital gain tax, capitol gains, courier co: Hello Milton, Thank you for your question, but I am not familiar with capitol gains law in India. In America, if someone has owned the house for two years or longer, the first $250,000 of capitol gains is exempt. You probably have a different law. If everyone...

Buying or Selling a Home: Carrying a contract, jessica bryan, bad decisions
jessica bryan, bad decisions, tax expert: Dear Gene; I am no tax expert so this question is really not one for me. However, unless you have this set up as a mortgage on a purchase then this is not something where you can get write offs for interest. If you do have it set up as a mortgage,then...

Buying or Selling a Home: Contingency Removal, contract doesn, time periods
contract doesn, time periods, sales contract: As long as on the form you select except loan contingency box then you re safe. If your contract doesn t allow for the extended time period for your loan contingency then they could force you to release the loan contingency or risk cancelling. Check your...

Buying or Selling a Home: change my bid on house, allegience, buyer agent
allegience, buyer agent, market evaluation: Hello again Carla, I gather you did not have your own buyer agent? The buyer agent would ahve guided you in pricing the house to make a realistic offer. You gave the offer directly to the seller s agent? The agent represented the seller and owes total...

Buying or Selling a Home: Getting clients, south florida area, list of realtors
south florida area, list of realtors, personal appointment: Hi Robert, To my knowledge, there is no formal list for what you are asking. You will have to research this on your own. You can start by going to www.google.com or www.yahoo.com and typing in words such as “REO Realtors Florida” or “REO properties...

Buying or Selling a Home: Getting clients, real estate licensees, south florida area
real estate licensees, south florida area, list of realtors: This is not really my expertise, Robert. But I would suggest you do a lot of walking and talking, meeting and calling Realtors wherever you may find them. Or, set yourself up a website and/or an email in which you send out your solicitation to all real estate...

Buying or Selling a Home: co-owned property transferred, grand larceny, vacant parcel
grand larceny, vacant parcel, estate question: Hi Mary, WOW! What a complicated problem. I m sorry you lost a friend over this. As a Realtor all I can tell you is, you need a lawyer! I don t see how your friend could give their deed to this Felon , since you say you hold Title to the properties? Depending...

Buying or Selling a Home: condensation inside concrete wall, insulation vapor barrier, john mckenna
insulation vapor barrier, john mckenna, concrete wall: Moisture can be a problem, so have a specialist look at it for the possible solutions. Moisture can create several different conditions that are problematic. Hope this helps, John McKenna, CMI Certified Master Inspector American Home Inspection http://texas-inspection.com...

Buying or Selling a Home: conflict, financial plight, real estate broker
financial plight, real estate broker, willing buyer: Dear Robert: As I do not have a copy of the contract, I cannot ascertain when the time limits expired, what the conditions were, et cetera. What is written and signed is what prevails. It was not the fault of any agent (after all, all the agents knew about...

Buying or Selling a Home: Am I considered a first time home buyer?, fixed rate loan, first time buyer
fixed rate loan, first time buyer, time home buyer: If you have not bought or owned a home in the last three years, or three years before you do buy a house, then that is a first=time buyer situation. As for you signing for your mother, you did not say if you were on title with her as well. If you merely signed...

Buying or Selling a Home: contracts, home, inspection
home, inspection, earnest: Hello Esther - Every home purchase should include a home inspection, PERIOD. This is the key ingredient of a buyers opportunity, and due diligence, to ensure the property condition from an expert in investigating property condition. There are a number of items...

Buying or Selling a Home: Disclosures, Haunted house, haunted
Haunted house, haunted, disclosure: Hello Elizabeth - Each state has different laws regarding disclosure. In AZ as a seller you DO NOT have to disclose violent crimes, AIDS, sex-offenders, etc as this requirement in AZ was overturned years ago. Unfortunately, since Haunted Houses are not part...

Buying or Selling a Home: disclosures, california real estate disclosure statements
california real estate disclosure statements: Dear Lisa; Thank you for your question… I am sorry that you are in the mist of this problem… Disclosures are designed to provide any and all KNOWN facts that may affect the desirability of the property to the buyer directly from the seller as well as...

Buying or Selling a Home: earnest deposit, contingencies, fha
contingencies, fha, bernstein: Dear Jordan, In a word the answer is NO. Checking the FHA financing box only states that you will be getting FHA financing. When you remove your contingencies it means you no longer have any contingencies. Once all contingencies have been removed your...

Buying or Selling a Home: escrows, escrow, inspection
escrow, inspection, deposit: Russell: I ll try to explain the situation to you, but these are pretty basic questions, and if you aren t sure about the answers, you definitely should be working with a real estate agent. You re already past P & S, so it might be too late, but at least...

Buying or Selling a Home: Fencing vs home value, picket fencing, jessica bryan
picket fencing, jessica bryan, picket fence: Dear Paul; Unless the subdivision is defined with an entrance and/or gate, the fence provides very little value to you. Those with the fence in their backyard do get an increased value of course, but those who receive this value should be paying for it....

Buying or Selling a Home: FHA Home, fha loan, tax filing
fha loan, tax filing, loan application: Hello Gabriel, if you are married it does not matter how long you have been married or have filed taxes. You will be asked on the loan application if you are married. If you reply, YES, then the lender will ask for your wife s information as well. It is...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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