About Experts Sitemap - Group 8 - Page 3 2014-12-16

Buying or Selling a Home: lockbox rights in arizona state, landlord tenant act, renting a home
landlord tenant act, renting a home, arizona state: Connie, Without researching and reviewing the Landlord Tenant Act to provide you with legal advice (which I do not provide on the internet), I believe the landlord must provide 48 hours notice to a tenant of the intent to enter the premises or get an agreement...

Buying or Selling a Home: mortgage release, title insurance company, lien holder
title insurance company, lien holder, sales contract: Hi Linda, This may not be the answer that you are looking for, but you will need the help of your attorney and the estate attorney representing the former lien holder. Your attorney can better answer this for your state, but my understanding is that in...

Buying or Selling a Home: Do I need a realtor?, real estate licenses, signing your name
real estate licenses, signing your name, real estate license: Like I said previously, odds are you were dealing with an incompetent Realtor. (By the way, the term Realtor is a copywrited name, like Coca Cola or Kleenex, therefore it should be capitalized. Realtor is not a generic word.) Anybody and his cousin may become...

Buying or Selling a Home: new home problems with builder, jessica bryan, consumer advocate
jessica bryan, consumer advocate, cajole: Dear Tom; I hope that you have a real estate agent who assisted you with the sale since it is always easier to call your agent to have them follow up with the builder and advise you. In the absence of a professional, you can be persistent (but nice!)by calling...

Buying or Selling a Home: Putting in another offer??, agency representation, local real estate
agency representation, local real estate, buyer agents: Hi Kathy, I am not really sure how the Real Estate industry works in Australia but here in the US we have Agency Representation. Buyer Agents that represent the interest of the Buyer and give the exact advise you are looking for at know cost. Agents are paid...

Buying or Selling a Home: Partial Owner Carried Contract, snake pit, assumable mortgage
snake pit, assumable mortgage, current mortgage: Hi Dannette, I think this FSBO might be thinking you would come up with a $300,000 down payment to him. And, if you can afford a $300,000 down payment from money you have in savings, there should be a ton of lenders in Oregon who will finance you. You...

Buying or Selling a Home: PROPERTY DISCLOSURE, litigious environment, property disclosure
litigious environment, property disclosure, disclosure rules: First, forgive me for the delay in replying to your follow-up. I could give you excuses, but they d just be excuses. YOUR QUESTION: I forgot to mentioned that even though I indicated there was a leak in the basement, I failed to indicate the location of...

Buying or Selling a Home: Preforeclosure, question thanks, darlene
question thanks, darlene, arrears: Probably not, Darlene, because the other person is going to get a loan that will wind up giving the bank all cash anyway. If, however, you were giving them ALL CASH and closing real fast, then I would say you might have a good chance. I wish you well. Dick...

Buying or Selling a Home: Purchasing a Condo at Sherff's sale, lien priority, appraisal value
lien priority, appraisal value, lien position: Herbert, The bank is most concerned about the appraised value and what the previous own owed on the home. Their intent is to get their money back, not to outbid you. The bank who will likely bid is the lender with first mortgage. They will bid up to what...

Buying or Selling a Home: down payment on home, bank owned properties, mortgage interest
bank owned properties, mortgage interest, mortgage payment: You can refi, but I would be careful. I like to have and LTV of no more than 90%. Think about the 6% sales commission and some room if something happens and you need to sell fast. The idea is that you don t want to tie up all your money in one spot. Mortgage...

Buying or Selling a Home: Quad level square footage, schoolcraft township, egress window
schoolcraft township, egress window, kalamazoo county: Hello Robert, Although it isn t what I expect you had hoped to hear from me, the Remax broker s refusal to include the 750 sq ft of finished area is probably the right thing to do. It sounds to me like the difference between the allowable upstairs and the...

Buying or Selling a Home: Quick Sale, bargaining power, extra time
bargaining power, extra time, big picture: Hi Bill, Your bargaining power really depends on the buyer s motivation. The bank has drawn the line on what it will accept as a price on a short sale. You can definitely instruct your agent to let the buyer know that you HAVE to have the extra time to...

Buying or Selling a Home: quit claim deed, e mail address, homework question
e mail address, homework question, right of survivorship: Dear Anna; Thanks again for being so patient in waiting for a response from me. You have a good question. After doing some research, there is an article that is being sent to me to review via e-mail. After reviewing it, if it pertains to your situation,...

Buying or Selling a Home: Realtor's commission, louisville ky, buying a home
louisville ky, buying a home, realtor: Commission is negotiable. If you have a Realtor, then you should have signed a Buyer s Brokerage Engagement that spells out how much commission the Agent is owed. Also, you owe that commission to the Agent, not the seller who is under no agreement with the...

Buying or Selling a Home: Recouping expenses after being outbid, dual agent, dual agency
dual agent, dual agency, mortgage application: Unfortunately there is no way you will be able to have the $450.00 refunded as the Home Inspector will expect to be paid for an inspection he completed. However, there may be a way to avoid this on your next home. Time frames for inspections and mortgage application...

Buying or Selling a Home: Removing name from deed, home equity loan, water pipes
home equity loan, water pipes, fianc: Hello Jane - Since the issues to your question involve more than real estate I would first and only recommend that you seek legal assistance as soon as possible. As far as the deed (lien) scenario the rule is first in time first in line . This means at the...

Buying or Selling a Home: real estate contract, real estate contract, carpet allowance
real estate contract, carpet allowance, contract question: I would tell your Agent to prepare another addendum stating that there is a total credit of $4,000.00. They should not have a problem doing that as I am assuming you already have it in the agreement of sale that there was a prior agreement for a credit of...

Buying or Selling a Home: real estate disclosure, real estate disclosure, poor craftsmanship
real estate disclosure, poor craftsmanship, consumer television: Hello Jeremy - Many homeowners are victim of poor tradesmanship as a result of the lack of supervision (aka Quality Control) coupled with the high volume of construction (so much construction and to few inspectors and superintendents). Since 1996 there has...

Buying or Selling a Home: reassigning a condo, earnest money deposit, jessica bryan
earnest money deposit, jessica bryan, dear jane: Dear Jane; Your earnest money is the amount you gave as a deposit to hold the home for you. There should be some clause written in the contract that says that you have to qualify for a loan. If you don t qualify, the contract is cancelled and all money is...

Buying or Selling a Home: rent to own, rental agreement form, free legal forms
rental agreement form, free legal forms, realtor association: Hi Russ, I have listed below some sites that have forms at what I consider a reasonable cost (and one even has some free legal forms). I did not read any of their forms, so you would have to somehow determine that the forms will meet your needs. http://www.legal-forms-kit.com/freelegalforms.html...

Buying or Selling a Home: rent to own, lease purchase agreement, contingency clause
lease purchase agreement, contingency clause, lawyer assistance: ROBERT-- There are no hard & fast rules for Rent-to-Own transactions--prices, terms, who fixes what, how much of rents paid will apply to the sale price, etc, are all NEGOTIABLE between Buyer & Seller. As for the pros & cons for the Tenant/Purchaser,...

Buying or Selling a Home: Sale of Home and land on large acerage, capital gains taxes, exact explanation
capital gains taxes, exact explanation, john hendricks: Dear Gary; Unfortunately I am a Realtor, not a tax consultant. I would highly recommend consulting with your CPA to get an exact explanation of how to treat this tax related question. The way I would view this situation though, is that if you reported...

Buying or Selling a Home: Sale of Second Home, landlord and tenant act, joint tenants with right of survivorship
landlord and tenant act, joint tenants with right of survivorship, right of survivorship: Hello Jim - Even though this question is about real estate it is actually about accounting and tax and should be referred to a CPA or accountant. From a real estate perspective there are many asset preservation and tax limiting strategies that could have created...

Buying or Selling a Home: Short Sale with 1st and 2nd, lender approval, first mortgage
lender approval, first mortgage, purchase contract: Typically you have your lenders agree to something in writing before you accept a purchase contract. The second mortgage is typically left high and dry with little if anything. You need to make sure they sign a waiver to accept less than you owe. Verbal won...

Buying or Selling a Home: Short sale, best bet, right choice
best bet, right choice, pipes: Your credit would still be effected if you did a short sale. You need to try and sell your other home for enough to pay off your mortgage. You might also try to get a tenant in it to pay the mortgage for you. Not sure what it would take to sell it and pay...

Buying or Selling a Home: SQUARE FOOTAGE DILLEMMA, estate risk, broker manager
estate risk, broker manager, john hendricks: Dear Rose; You may want to bypass talking with the real estate agent, and go directly to the Broker Manager of the real estate company. Explain your situation, and that you feel you may not have been represented properly and/or the seller did not disclose...

Buying or Selling a Home: seller pays closing cost, flood cert, lender title insurance
flood cert, lender title insurance, western georgia: Hi David, Assuming that lenders and closing agents in western Georgia charge closing costs similar to those in SC where I work, I am detailing below for you typical SC closing costs that a PURCHASER of a $70,000 home (and assuming a 100% loan) could expect...

Buying or Selling a Home: sellers disclosure, sellers disclosure statement, earnest money agreement
sellers disclosure statement, earnest money agreement, seller disclosure: Hi Sarah, When problems arise in a real estate transaction, the Contract of Sale is the document that you need to refer to, along with any applicable law. At the end of my reply, I have given you a reference I found online for Oregon law as it relates...

Buying or Selling a Home: selling my home, comp reports, metal roofs
comp reports, metal roofs, time seller: Don t know how you will determine a sales price, but if you do have a valid offer: take a cash deposit, get a purchase agreement online or Staples, etc., put down as much info as you can....ser. #, make, year,etc. I would definitely open escrow somewhere,...

Buying or Selling a Home: selling a mobile home, private land, mobile home
private land, mobile home, proof: April....this is a tough one. The only way that I can think of is a short sale . This may be done by expressing to the bank that you cannot afford the home any longer, and don t want it foreclosed upon. It s a bit of an exercise, because they will want...

Buying or Selling a Home: short sale, question thanks, mortgage payment
question thanks, mortgage payment, mortgage payments: If you do a short sale you don t owe any money and you can t get any money from the sale. Just make sure your lender(s) agree in writing to waive any unpaid debt. You can still do a short sale if your current on your mortgage. That may be the best option...

Buying or Selling a Home: survey of staged versus unstaged homes, stagers, staging
stagers, staging, statistics: Hi Janis, There are many organizations working really hard to develop independent staging statistics. The most recent studies that I have came across indicate that staged homes sell 50% faster thatn non-staged homes and for 6% higher price. Hope this helps!...

Buying or Selling a Home: taking over house payments, afriend, credit score
afriend, credit score, thron: Yes, you would need to get the bank involved. If her mortgage is assumable, you could take over the payments as is, but you d need to be approved by the bank as far as your credit score and income. If it is not assumable, you d need to qualify for a new...

Buying or Selling a Home: How much will taking a short sale lower your fico score, distress situation, fico score
distress situation, fico score, credit score: It is presumed that you are in preliminary steps toward losing your house to foreclosure when you put your house for a short sale, Mike. Your house is listed for sale with a real estate agent and he/she should be announcing that your house is a short sale...

Buying or Selling a Home: VA Loan on doublewide, mobile home park, doublewide mobile home
mobile home park, doublewide mobile home, exact standards: A VA home loan can be used to purchase a mobile home, if it meets VA mobile home standards. I do not know the exact standards so you will have to contact the program to obtain them. However, please note that you cannot use a VA loan to buy a mobile home in...

Buying or Selling a Home: Vacant Land Sale, capital gains on property, estate question
capital gains on property, estate question, tax question: Pamela: This is a tax question, not really a real estate question. There are many ways to shelter gains, and without understanding your income/expense picture, I can t help you. In general, there s aren t capital gains on property for the house you live...

Buying or Selling a Home: 1) Ownership title 2) title and trusts, real estate closers, question pool
real estate closers, question pool, luck jim: ARNOLD-- You didn t send these questions to me;I found them in the QUESTION POOL waiting for an answer from SOMEONE--so as to get you on the right track to getting answers to these title and trust questions I ll be that someone. YOU VE ALREADY...

Buying or Selling a Home: 1031 Exchange, accommodation agent, john hendricks
accommodation agent, john hendricks, 1031 exchanges: Dear Ginny; Thank you for your good question... I am not a tax consultant but am familiar with 1031 exchanges. I believe that your father will have a tax write off if he takes a loss on an income property. He should really check with his accountant to...

Buying or Selling a Home: Abandoned homes, real estate taxes, water leak
real estate taxes, water leak, abandonment: Hello Susan Thank you for your question. There can be many reasons a home is abandoned. Today you are hearing alot about the sub prime loan problems. This will create abandoned homes as owners who owe more than the value of the home walk out on the...

Buying or Selling a Home: Assistant Living Property, question pool, residential properties
question pool, residential properties, residential property: RASHAD-- This question was answered for you on 3/16/08, but the question remained in the QUESTION POOL as though unanswered! I have resent the original answer to you today, as we cannot be sure that you received it when first sent. If after your...

Buying or Selling a Home: Assistant Living Property, nori, residential properties
nori, residential properties, hhs: Hi Rashad, Thank you for your question. I am looking up resources for you on the Internet. So far, here are a few I ve found: http://aspe.hhs.gov/daltcp/reports/04alcom.htm http://www.ahrq.gov/research/residentcare/rescare2.htm I hope that these resources...

Buying or Selling a Home: Assistant Living Property, zoning department, rashad
zoning department, rashad, residential properties: No, Rashad, I am not familiar with ASSISTED living homes. However, I suggest you ask someone in your county s planning or zoning department and ask them that question. I do know who ever is going to run the assisted living home will need to be licensed for...

Buying or Selling a Home: agent wants commison after a signed offer, agency disclosure, thehouse
agency disclosure, thehouse, article 16: Hi Robert, Sorry for the delay in responding. Real estate had been incredibly busy in the last few days for me. Yes, this agent was, in my opinion, both highly unethical and operating illegally to have you sign a Contract of Sale and then ask for 4%...

Buying or Selling a Home: ask and bid price, mortgage company, fair deal
mortgage company, fair deal, mortgage broker: Dear Randy; Thank you for your good question. There are investors who just write low ball offers in hopes that they will get some sort of response. There are other investors who want to flip a property and simply make a profit. Their calculation is...

Buying or Selling a Home: Back Bay Condo Residential Exemption, finance question, dependent daughter
finance question, dependent daughter, residential exemption: Hello Beverly: Most towns in MA have single-tax rates. Boston, with up to 25% of the population being students, has clearly enacted some rules to cover your situation. I suspect that a decent tax accountant can probably figure out a way to assist you...

Buying or Selling a Home: Broker Buyer Agreement, buyer agreement, broker agreement
buyer agreement, broker agreement, agency contract: Sorry for the delay in responding. I was attending a Real Estate Conference for the past week. It sounds like you made the right decision to rid yourself of this Agent. However, you did sign a Buyers Agency Contract. Even though he says there would be no...

Buying or Selling a Home: Builder Price Cuts After Closing, maracay homes, closing question
maracay homes, closing question, centex: Hi Ryan - Am I interpreting correctly that you are the only other homeowner in the sub-division? If this is so, then to make the situation right the builder only has to accommodate you. This is a good position versus the builder having multiple settlements...

Buying or Selling a Home: Buying a HUD Condo, hud broker, hud properties
hud broker, hud properties, wiggle room: Drew: In real estate, good deals = risk. It s very simple. Here s more information about HUD. http://www.hud.gov/offices/hsg/sfh/reo/reobuyfaq.cfm HUD simply means that it s a foreclosure on a gov t loan. But only HUD agents can list HUD property,...

Buying or Selling a Home: beaking the purchase agreement, california realtor, real estate broker
california realtor, real estate broker, breach of contract: Dear Jamie; I am sorry about the delay in answering your question... We just got back from a trip and I am getting to my emails. Regarding your situation, I am a California Realtor, and not familiar with your states laws. If you used a real estate agent...

Buying or Selling a Home: binding contract, contract question, self employed business
contract question, self employed business, legitimate reason: Hey, Hakan. If you didn t sign the cancellation form, then there s no contract or agreement to cancel. Consequently, if they now decide to force you to perform according to the purchase contract, they have the legal right to do so. They might be of the...

Buying or Selling a Home: breaking a contact to buy a house, flood cert, breech of contract
flood cert, breech of contract, flood insurance: Dear Charles; Thank you for your question… I want to start first by recommending that you contact your real estate agent who helped you through the process of buying the home. The Realtor should be able to review all your the options based on the terms...

Buying or Selling a Home: breaking a purchase agreement, appraisal contingency, contingency clause
appraisal contingency, contingency clause, moeny: Without reading through the entire contract it is difficult if not impossible to direct you. You should take the contract to an attorney who deals strictly in Real Estate. Also, you could check with your lender. I assume you have a mortgage contingency. The...

Buying or Selling a Home: breaking a purchase agreement, earnest money deposit, appraisal contingency
earnest money deposit, appraisal contingency, contingency clause: Hi Greg- Thanks for your question. Are you sure there is no appraisal contingency- as in if there is a financing contingency, your financing may be subject to an appraisal of at least the sales price? You would just need a letter from your bank that they...

Buying or Selling a Home: buying contract, civil law suit, careful check
civil law suit, careful check, ideas opinions: HAKAN-- FREEDOM OF SPEECH exists in our country--one can communicate verbally and/or in writing, their ideas, opinions and facts to a few neighborhoods OR the local newspaper as a matter of that freedom! One needs to be careful that such communications,...

Buying or Selling a Home: buying a loft, local realtors, kitchen bathroom
local realtors, kitchen bathroom, empty space: Dear Taylor, Lofts are becoming popular in many cities so where you live in California will determine whether they are available. Check the real estate sections of the local newspaper and check with local realtors. The only problem you may have in purchasing...

Buying or Selling a Home: Canceling a transaction, mad as a hornet, suitable property
mad as a hornet, suitable property, valid reason: You don t say at what point you are in the transaction, Mary. Are you near the end which means you need to do the walk-through ? Have you already been approved for the loan to purchase the property? Is it a new house? A pre-used? From a bank? From an ordinary...

Buying or Selling a Home: Change of Realtor, company realtor, contract ends
company realtor, contract ends, e mail: Hi Jean, Not having read your two different listing Contracts and knowing all the facts in your situation, and based solely on information you supplied, I am making the following comments: As you pointed out, most MLS listing contracts state that if...

Buying or Selling a Home: Closing Date, time is of the essence, closing date
time is of the essence, closing date, grace period: Heather, I am not going to give you legal advice as to New York law since I do not practice law in New York. Generally, on or before is not interpreted the same as time is of the essence . New York may have a grace period when there is not a provision...

Buying or Selling a Home: Co-Owning Selling, court intervention, sales contract
court intervention, sales contract, fiance: Bill, Generally, one owner can sign a listing agreement but it takes all owners to sign the sales contract for it to be valid. A smart realtor will make sure all of the owners are willing to sell the property or the realtor is just wasting valuable time....

Buying or Selling a Home: Contract wording, contract ratification, certified home inspector
contract ratification, certified home inspector, contract wording: Hi Sheila- Thanks for the question. I usually say something along the lines of- This property is being sold in as-is condition with no warranties express or implied or wording to this effect. If you want- you can give the buyers an out such as - Buyers...

Buying or Selling a Home: Crack in foundation, long term investment, foundation contractor
long term investment, foundation contractor, oppinion: Hi Manya, Thank you for your question. Please keep in mind that buying a home is a serious long term investment, and like in any other types of investment you would like to eliminate any risks and surprises. If your heart is set in buying this particular...

Buying or Selling a Home: The color of the brick is diffrent from what we chose in design center. What should we do?, builder reserves, ryan homes
builder reserves, ryan homes, doors windows: Hey, Ricardo. Well, I feel your pain because I ve been there. The exact same thing happened to me 20 years ago. There s really three reasons for what happened: 1 - They really did install the wrong brick. 2 - The brick is from a new batch. 3 - The...

Buying or Selling a Home: Getting out of a condo contract., condo development, local real estate
condo development, local real estate, purchase agreement: Without having the contract in hand to look over, it is impossible to say. Especially if it is the builders own contract. I would take the contract to a local Real Estate Attorney and let them take a look at it. It may be cheaper in the long run to go this...

Buying or Selling a Home: condo - townhouse, home shoppers, master deed
home shoppers, master deed, condo fee: Hello- Typically, a townhouse is a style of condo. Everyone s lingo is a little different, but here are some basic definitions: 1) Condo: A legal definition for a set of units where there are individual owners that own their own specific piece ( the...

Buying or Selling a Home: contract, earnest money deposit, jessica bryan
earnest money deposit, jessica bryan, contract question: Even with the underwriters approval, they still will want to know if there is a change in job status. I suggest you take any letter or written proof of the job issue to them and have them rescind their approval based on lack of future employment and job stability....

Buying or Selling a Home: crack, horizontal cracks, vertical cracks
horizontal cracks, vertical cracks, chesterfield mo: Hello Manisha, Thank you for your question. Chesterfield is a nice town. I am not an engineer, but I have been through hundres of inspection. You said you had and engineering inspection. What did the engineer say about the crack? You need to listen...

Buying or Selling a Home: crack in basemant, structural engineer, natural disaster
structural engineer, natural disaster, chesterfield mo: Hey, Manisha. No one can predict the future, so there s no way to tell if there will be future problems. The only thing you can do is get the appropriate evaluation by a licensed structural engineer, follow his recommendations, and then take care of the...

Buying or Selling a Home: crack in foundation, structural engineer, home inspector
structural engineer, home inspector, chesterfield mo: I wanted to explain why this question is out of my area of expertise. I m a Realtor, not a home inspector. I would go by the home inspector s recommendations as to what they think of the house and any future ramifications that this crack may or may not have....

Buying or Selling a Home: what determines a second floor on a house, load bearing wall, open loft
load bearing wall, open loft, architectural committee: I m not sure what the real question is. If your archetectural committee says it s not a second floor, then so be it. If I were writing about it in my report, I d just call it upstairs. I do believe, however, that it qualifiies as a second floor...

Buying or Selling a Home: Getting Earnest Money Back, drhorton, contract states
drhorton, contract states, earnest money: Hello - The appropriate answer is that if you have satisfied the terms of the finance contingency (not the loan terms) the builder will be forced to act in accordance with the terms of their contract and refund your deposit. If you do not follow all the terms...

Buying or Selling a Home: Earnest money, experts network, earnest money
experts network, earnest money, verbal agreement: Dear Jeff: I amresponding to you via the All Experts network. As I do not have a copy of your contract, I can only offer an off the cuff reply. First of all, all agreements with reference to real estate must be in writing; your verbal conversations...

Buying or Selling a Home: Ethics/ legal, breach of fiduciary duties, sellers agent
breach of fiduciary duties, sellers agent, association of realtors: Debbie, With the facts you are stating, your Realtor did not appear to be acting in your best interests which would be a breach of fiduciary duties. Even if this was just your perception, it is a real problem regarding the trust you have in your Realtor....

Buying or Selling a Home: Fast selling of MH (in this mkt), mobile home dealer, potted flowers
mobile home dealer, potted flowers, first impressions: Hi Randy....well, this is an age old question. I will just ramble off my thoughts and maybe you can find some inspiration. List the home with a mobile home dealer, ask the park management who is successful, and reliable. I am assuming that this is in a...

Buying or Selling a Home: Fiduciary responsibility of realtor, conflict issues, structural failure
conflict issues, structural failure, structural engineer: Anne, Most likely your real estate agent and broker owed you a fiduciary duty. That duty would have included due diligence among other responsibilities. You need to speak to a real estate attorney that has an understanding of fiduciary duties. If need...

Buying or Selling a Home: Financial issue, title company, 17 years
title company, 17 years, title search: Hi Guillermo- Thanks for your question. Based on the facts you have provided, if your husband is not on any of the documents (deeds or notes), there should be no reason that you cannot go ahead and sell the house your self. You should probably check with...

Buying or Selling a Home: Firing my relator!, relator, holding my breath
relator, holding my breath, best solution: Hello Courtney, I m very sorry to hear of your situation. The best solution is to phone this agents Managing Broker. End your conversations with this agent. Recount to the Broker your experience with this agent and how this agent has misrepresented...

Buying or Selling a Home: Flat fee MLS listing and commission, monetary incentives, service realtor
monetary incentives, service realtor, flat fee mls listing: Dear Lesley: Good questions, and I am happy to be of help to you. I do have one question, however, and that is, why are you thinking of going with a flat fee agent? If you are also prepared - and wisely so - of offering monetary incentives to the selling...

Buying or Selling a Home: Canceling a transaction, selling a home
Buying or Selling a Home: Canceling a transaction, selling a home

Buying or Selling a Home: crack in foundation, shrinkage cracks, licensed professional engineer
Buying or Selling a Home: crack in foundation, shrinkage cracks, licensed professional engineer, control joints

Buying or Selling a Home: splitting and selling a duplex, city planning department, fire rock
Buying or Selling a Home: splitting and selling a duplex, city planning department, fire rock, top to bottom

Buying or Selling a Home: termite infestation after home purchase, inspection co, visible evidence
Buying or Selling a Home: termite infestation after home purchase, inspection co, visible evidence, visible damage

Buying or Selling a Home: failure to disclose, water infiltration, homer alaska
water infiltration, homer alaska, water intrusion: Hello Jessica, You have a tough situation. Proving that the Seller lied is very difficult. If there is any way to have your REALTOR find out who owned the property prior to this owner through tax records, that may be helpful. Try to contact them and...

Buying or Selling a Home: finding a commercial property and rezoning to residential, cabo san lucas, cabo san lucas mexico
cabo san lucas, cabo san lucas mexico, san lucas mexico: Hello Jane, Actually I am now living/working in Cabo San Lucas - Mexico and no longer do very much in the States. Let me in all seriousness, that you should work towards searching for a great commercial agent who is local to you and one with a long...

Buying or Selling a Home: first time home buyer, no down payment mortgage, time home buyers
no down payment mortgage, time home buyers, fha loan: Hi Nick, Sorry to hear you took a loss on your first home. That always stinks!! While you are not considered first time home buyers, there may be programs available locally with 0% down. Sometimes local governments will fund such programs to stimulate...

Buying or Selling a Home: fla. property, jessica bryan, realistic values
jessica bryan, realistic values, knowledgeable agent: Hello Court; The roadmap would be a process by which you educate yourselves in the real estate market in that area. Log onto www.realtor.com and look at the listings so you can begin to learn what prices are looking like and what is available. then, find...

Buying or Selling a Home: forclosures, bank owned properties, foreclosure properties
bank owned properties, foreclosure properties, electrical issues: Hi Eric - Buying a foreclosure is very easy. Call your favorite local real estate agent. All foreclosures are owned by a bank and they only list these properties with a Realtor. All foreclosures are listed in the MLS. So pick a Realtor to show you these...

Buying or Selling a Home: Grand-mother's home, state of tennessee, grand mother
state of tennessee, grand mother, road blocks: I assume, Nash, that the nursing home took your grandmother s house as payment for the nursing and services they are doing for and to your grandmother. I am sure they don t want to hold that house, so why don t you contact the nursing home and ask them how...

Buying or Selling a Home: Grant Deed to Family or Friend, title insurance company, grant deed
title insurance company, grant deed, luck jim: Michael-- Only a California-licensed Attorney who specializes in Real Estate Law, AND/OR a CA-licensed Closing Agent, Realty Broker or Mortgage Broker/Banker can advise you on the legality, process and/or costs of the scenario you ve described. A Realtor...

Buying or Selling a Home: Home nightmares, washing machine leaks, first time homebuyers
washing machine leaks, first time homebuyers, steak marinade: Hey, Bryan. I don t know what state you re in, and disclosure laws are different for each state. The best thing to do is get a free consultation with an experienced real estate attorney. Sometimes a simple letter from them can get the negotiations started....

Buying or Selling a Home: Home Sale, tax writeoffs, downturn
tax writeoffs, downturn, taxable income: Jill, I belive that there is but I m not a CPA so I m not an expert about tax writeoffs. I would guess that it would be recorded as a capital loss, but I m not sure about it. You may be able to reduce you re taxable income for the year. You might try the...

Buying or Selling a Home: can a home inspector help me with this?, indoor air quality, quality inspector
indoor air quality, quality inspector, split unit: I don t think a home inspector is your answer, unless he was an HVAC installer/servicer in his pre-inspector days (we all did something else before we went into home inspection.) I know an indoor air quality guy isn t. Go back to the folks who sold...

Buying or Selling a Home: home sale, accounting advice, tax consequences
accounting advice, tax consequences, estate question: Hi Keith, My general understanding of capital gains is that a married couple, having lived in and claiming a home as their PRINCIPAL residence for three of the last five years, can claim up to $500,000 of gain with no taxes due thereon. As you pointed...

Buying or Selling a Home: Listing agreement - breach or withdrawal, small claims court, owner broker
small claims court, owner broker, demand letter: Jeff, I am speaking about your city or area association. The Association will have a list of mediators and arbitrators. Most of the list are attorneys and very few are realtors. My experience locally is that they are consumer oriented and will be helpful....

Buying or Selling a Home: Listing agreement & finding an unexpected renter, being a landlord, practicing real estate
being a landlord, practicing real estate, contract termination: JEAN-- Your Listing Agreement is a legal contract between you and your Realtor. It would be inappropriate for anyone but a licensed Attorney --or your Realtor--to give you an opinion or advice on a contractual matter, as anyone else would be practicing...

Buying or Selling a Home: land contract offer, filing bankruptcy, land contract
filing bankruptcy, land contract, alternative financing: Contract law varies from state to state, so ask a local Realtor or Real Estate Attorney. In Georgia, the state I am licensed in, a Real Estate Contract must be in writing and must be signed by both parties. The GA Association of Realtors has produced some...

Buying or Selling a Home: lease back, buying a home, norm
buying a home, norm, thanks for your time: I would worry more about the amount for holdover. 7-10 days is almost the norm here in Texas and lots of time it is for no charge. But the holdover for each day they stay past that day gets pretty steep. $100 a day or more. What ever you feel comfortable with...

Buying or Selling a Home: Moving Back Home, jefferson county colorado, sole heir
jefferson county colorado, sole heir, improvement costs: Hi Ruth, Sorry - I have been out of town for the last few days. It s a complicated problem with a simple solution. Have your parent quit claim you on title to the property. Ownership can show in all three of your names and then if your parents pass,...

Buying or Selling a Home: Need to sell house in another state, referral networks, local realtor
referral networks, local realtor, mls listings: Dear Molly, If you have a local realtor contact him/her and have them refer you. Most companies participate in referral networks. If that doesn t work I would try to search via the internet. Look for an agent with a website that also has a quantity of...

Buying or Selling a Home: Need to sell my manufactured home!!, mobile home park, local grocery stores
mobile home park, local grocery stores, mobile home parks: Assuming the real estate business is not doing too well in your area either, Brenda, you might want to continue to promote the property yourself as you have been doing. If you feel you can do a better job of finding a buyer, then you might want to ask your...

Buying or Selling a Home: Need to sell my property and mobile, cascade mountains, cedar logs
cascade mountains, cedar logs, acre of land: Probably the most glaring negative fact, Megan, is that 1964. At that age, mobile homes have very little, if any, value. What you need to do is to actually check with your favorite title company to ascertain the actual sales prices, within the last six months,...

Buying or Selling a Home: Old mobile home, mobile home question, good park
mobile home question, good park, state inspector: Wes here are the comps for your park. This reflects what homes sold for in the last year. The bold number is TOTAL amt. with all fees. (approx.7-8k). It also tells you who sold the homes. http://www.mhousing.com/reports/qhome4.asp?parkid=19-1205&report=&diff=one...

Buying or Selling a Home: Purchasing a home from a trust, sole trustee, jim jones
sole trustee, jim jones, purchase agreement: As long as he is the trustee of that trust, Bruce, he should have no problem transfering the property to the buyer. The buyer simply signs a purchase agreement as he would if he was buying it from a regular person or persons. The trustee signs the acceptance...

Buying or Selling a Home: Quit Claim Deed?, property title insurance, general warranty deed
property title insurance, general warranty deed, redemption rights: The best thing to get would be a title search from a local title company. It will give you an accurate list of all encumbrances. You can then try to cure each on a case by case basis. Many of them you will not be able to do anything about. The title company...

Buying or Selling a Home: Does a Quitclaim Deed remove a party from title?, family law attorney, person signs
family law attorney, person signs, law lien: I m afraid I ll need to know what type of common law lien you are referring to. Typically a conveyance does not extinguish a lien unless the conveyance creates a merger of interests. For example, when a lender purchases property that secured that lender...

Buying or Selling a Home: About being a Realtor, licensed realtors, peaks and valleys
licensed realtors, peaks and valleys, personal productivity: Hello JOHN-- So, you re interested in becoming a Real Estate Agent, are you? And you re looking for some insight--pointers? I m happy to help! The first thing you need to know is that 20% of the Real Estate Agents in the Country make 80% of the money earned...

Buying or Selling a Home: Release from Contract, finance section, construction loan
finance section, construction loan, gfe: Hello Kelly - First, always go back to the wording in the contract. What do the terms of the contract say with regard to financing? Is there mention of your responsibility to complete a loan application? You are only responsible for performing according to...

Buying or Selling a Home: Renegotiating a contract of sale, settlement table, reputable builder
settlement table, reputable builder, southwest florida: Hi. I am sorry for what you are going through and I know many people can relate to you, unfortunately. Before I answer your question, you may also want to look at a previous answer I gave which you can see at: http://en.allexperts.com/q/Buying-Selling-Home-1476/2008/2/Cancelling-Purchase-Argreement.htm...

Buying or Selling a Home: realtor's liability, board of realtors, good faith
board of realtors, good faith, chairman of the board: That s really rare that the chairman of the Board of Realtors would be so neglectful, Fera. There is a form that the Realtor should have had the seller sign and disclose any problems with the property of which he might know. But if the seller did not know...

Buying or Selling a Home: rent to own, foreclosure sales, real estate investment
foreclosure sales, real estate investment, filing bankruptcy: Hello Kath, Up front let me say that I am not involved in foreclosure sales and since you have not said which state you are going to buy this property in, I am unable to tell you if whatever price you buy it at, will be the right one. As far as I am seeing,...

Buying or Selling a Home: Do we have any rights?, ashi, plumber
ashi, plumber, water heater: So you did have the house inspected? If so, you need to be able to prove the damage is from 4 years ago. Do you have proof the damage did not happen over the years, in the 4 years you bought it? If you can prove or think it is from the inspection, then...

Buying or Selling a Home: "For Sale" signs NOT allowed, local realtors, fsbo web
local realtors, fsbo web, craigslist: I would put a for sale sign in your window if they will let you do that. Are you sure that there are no signs at all? Usually you can have them only on the weekends for an open house. The Internet is the best form of advertisement. Check out CraigsList...

Buying or Selling a Home: Santa Cruz County Mobile Home Confusion, mobile home buyers, real estate values
mobile home buyers, real estate values, southern california real estate: Hi Michele, Well, you are asking the age-old question regarding pricing on these homes. It s not easy, and is predicated on a couple of things. Space rent being the obvious one...another is where it is,(location, location, location)! You will discover...

Buying or Selling a Home: Seller won't sign amended contract, bank owned properties, doing the right thing
bank owned properties, doing the right thing, fiance: Hello Shawnette, I do not have any experience in bank owned properties and may not be of any help. Regarding the contract, if a counter-offer ( you changed the terms )was made as in your case, the original contract becomes void until the new offer is...

Buying or Selling a Home: Selling/ Buying a home, lousy market, palm beach county
lousy market, palm beach county, market 3: Dear Jeff: Do a survey of your neighborhood or area, and select three agents and/or three companies that have a presence there. Interview at least three. If a company is familiar, but you are not aware of a specific agent to call, call the company manager...

Buying or Selling a Home: Selling/ Buying a home, lousy market, palm beach county
lousy market, palm beach county, market 3: 1. My advice to you would be to use a real estate agent. People may scoff at my advice (since I am an agent) but let me explain why. This will be your second home buying experience, and it happens to be in a rough market (especially in FL). Getting an experienced...

Buying or Selling a Home: Selling/ Buying a home, lousy market, palm beach county
lousy market, palm beach county, market 3: Jeff, The main benefit a realtor will serve is to make sure you aren t cheated in some way and that the buyer is pre-approved well. There are several items such as closing costs, title insurance, etc. that are customary to each area and may or may not be...

Buying or Selling a Home: Selling/ Buying a home, lousy market, palm beach county
lousy market, palm beach county, market 3: Hi Jeff, thank you for your questions. I will do my best to answer and get you pointed in the right direction. Selling a house can be daunting and good representation to protect you and your financial investment is very important. Some people feel confident...

Buying or Selling a Home: Selling/ Buying a home, lousy market, palm beach county
lousy market, palm beach county, market 3: Hey JEFF-- FSBO vs.AGENT inquiries are always welcomed! The answers, though, are not always cut & dried! There are a lot of variables involved. I ll have to answer your questions in an either or way! Your Question #1: It is my opinion that...

Buying or Selling a Home: Selling/ Buying a home, lousy market, palm beach county
lousy market, palm beach county, market 3: Hi Jeff, So many good questions! What is property tax portability - never heard of it! Far better to sell your current home before committing to the purchase of the next as this isn t the market environment in which you want to mortgages. I doubt that...

Buying or Selling a Home: Selling/ Buying a home, personal mementos, lousy market
personal mementos, lousy market, generic answers: Hey Jeff, I can give you some generic answers on how to fancy up your home, but if you want to ask me a specific question on something that you may deem could be a potential problem I would be more than happy to help you further. Fancy-ing up a home to...

Buying or Selling a Home: Selling/ Buying a home, lousy market, palm beach county
lousy market, palm beach county, market 3: A lock box is a device that realtors use to hide a key in. They can then access the key by opening the box with a code. They then use the key to access your home when you are not at home. Caution - your realtor can give the code to other realtors, i.e. buyer...

Buying or Selling a Home: Selling/ Buying a home, lousy market, palm beach county
lousy market, palm beach county, market 3: Hi Jeff; It really doesn t matter if the agent works for a large company. It is far more important to find an agent with whom you communicate well and who appears to have good knowledge of your area and market. You can ask neighbors and friends who they...

Buying or Selling a Home: Selling my home - I need a template that I can use to inform my renter, full cooperation, tentant
full cooperation, tentant, legal documents: I am not a lawyer so I cannot write legal documents myself, but there is very clear, straightforward wording on the following website: http://www.ezlandlordforms.com/documents/notices_to_tenants/ You can click on the form and the wording will come up...

Buying or Selling a Home: Selling our inherited home via private party, purchase contract, private party
purchase contract, private party, escrow: How do you know the amount is a fair price? That would be my biggest concern. If you re positive it s not worth more than what they are offering then you should go ahead and hire an escrow company to handle the transaction. You ll need to provide the escrow...

Buying or Selling a Home: Selling Mobile Home, department titles, triangle area
department titles, triangle area, buying a house: Hi Willie...I doubt that there would be any laws regarding this subject. Perhaps from a lender s stand point, it would put your budget out of whack, until you sold one or the other home. Go to your state s website, find the HCD link,(housing and community...

Buying or Selling a Home: Selling an Occupied Rental, dwelling unit, emergency c
dwelling unit, emergency c, lease document: Hello. Your lease document would be the controlling document in this case. However, since you are asking me this question I am assuming that your lease is silent on this topic. If so, your answer can be found in Section 83.53 of the Florida Statutes, which...

Buying or Selling a Home: Settlement concern, termite inspections, approved loan
termite inspections, approved loan, loan package: I think I understand your question. Let me tell you what normally happens. Basically what happens is you will go through your bank to get a loan, filling out all the paperwork for your lender. The lender will put together the loan package, get an appraisal...

Buying or Selling a Home: Shortsale, mortgagor, california home
mortgagor, california home, bernstein: Dear Donna, I would call your mortgagor yourself and ask this question. I believe you are correct in assuming that by not paying your mortgage you will go into default. I would not stop paying until I had something in writing from the lender. Hope...

Buying or Selling a Home: sell?, loss mitigation department, life trauma
loss mitigation department, life trauma, ira account: You don t necessarily need something major to do a short sale. It really depends on the bank because they all have different standards. If you sold the home for less than you owe on your loan, you would be responsible for paying the amount that wasn t...

Buying or Selling a Home: sell a condo in san diego, real estate investor, adjustable rate mortgages
real estate investor, adjustable rate mortgages, absentee landlord: JOHN-- You re in a bind, my friend! The recently enacted FHASecure Loan designed to help out those with Adjustable Rate Mortgages (ARMs) that are experiencing increases in interest rates and monthly payments is for OWNER/OCCUPANT Borrowers ONLY--so your...

Buying or Selling a Home: seller's agent scammed us, septic tank, mls system
septic tank, mls system, foreclosed home: Hello Cristy - Pre-approval is another word for pre-qualify. The ability for a borrower to perform depends on the depth of the pre-qualification, as all are not considered equal, and what the borrower did with funds they may have had at the time of pre-qualification....

Buying or Selling a Home: seller refuses to acknowledge offer, jessica bryan, money check
jessica bryan, money check, loan commitment: Dear Alicia; The Seller does not have to acknowledge your offer. Clearly, if it has been several weeks the seller isn t interested in accepting your offer. However, if you want to make sure that the seller is perhaps still considering it, you can amend the...

Buying or Selling a Home: selling a home, social security number, real estate contracts
social security number, real estate contracts, contract negotiation: Most standard real estate contracts in Florida allow a seller to confirm the buyer s loan approval, if the contract is contingent upon the buyer s financing ability. This can give the seller comfort that the buyer does in fact have the funds to complete the...

Buying or Selling a Home: selling land I still owe on., yr contract, fancy word
yr contract, fancy word, heisler: Hello- I m not licensed in MN, but I m sure it works pretty much the same way. You can not sell land without producing clear title which means that it must be free of encumbrances, including liens. (Liens is a fancy word for loans or mortgages or other...

Buying or Selling a Home: splitting and selling a duplex, bedroom layout, denver highlands
bedroom layout, denver highlands, west denver: Hi Lee, Thanks for the question. First, you need to see how your legal description reads. Since it is a duplex, I m sure that both units are listed in the same legal description. In order to be able to sell one of the units you will need to have one...

Buying or Selling a Home: splitting and selling a duplex, bedroom layout, gas water
bedroom layout, gas water, planning department: Most likely, Lee, there is a local law not permitting the splitting of a duplex, especially if there is a common wall. Condos have common walls, but those walls are specially constructed. My guess that does not apply to your property. You should check with...

Buying or Selling a Home: Trash out, estate magazines, sunday papers
estate magazines, sunday papers, foreclosed homes: Hey, Debbie. Considering that you would be removing stuff that has been abandoned--i.e., considered worthless by its owners--I suspect that you don t need bonding insurance. However, in some cases you could be accompanying the Sheriff s Deputies and removing...

Buying or Selling a Home: tenant rights - owners selling, lease states, keysafe
lease states, keysafe, tenant rights: Dear Joanne, You are required to follow exactly what is in the lease. It is customary to put your phone number in the mls so agents can call to schedule showings. Just agree to show the house according to the terms of the lease. You are not required...

Buying or Selling a Home: termite infestation after home purchase, lake normandy, termite inspection
lake normandy, termite inspection, termite control: Hi Mr. Jun, Regarding the tree stump, I would like to make the assumption, that the inspector did recognize the stump as a potential problem area and looked at it since it was as you say, within five feet of the residence. You should ask. As far as...

Buying or Selling a Home: termite inspection, los cabos mexico, wood destroying insects
los cabos mexico, wood destroying insects, los cabos: Lois, sorry that I work in Virginia, Washington DC and Los Cabos, Mexico and I have no idea of the rules in Texas. Where I come from however, the termite inspection is always required by a lender as part of their required documentation to grant a loan....

Buying or Selling a Home: time shares, great vacations, exchange companies
great vacations, exchange companies, timeshare company: Hi Hen - Timeshares are always a tricky issue. At their ages, they have a few choices: 1. They can transfer the deed to you, and you could assume the taxes and fees and have a lot of great vacations for only $350. And of course, if you belong to one of...

Buying or Selling a Home: urgent...Frustrated, problem pipes, plumbing problem
problem pipes, plumbing problem, pipe problem: Since I am not able to read the letter, Tammy, I strongly suggest you take it to a REAL ESTATE attorney. Yes, it ll cost you a little, but it ll be lots less than what that plumbing problem will cost if you don t have the seller take care of it. The attorney...

Buying or Selling a Home: 1 Yr Old Investment Property In Vegas, option deposit, option money
option deposit, option money, adjustable mortgage: Hi Gary - You have several options at this point depending on how you have the property financed. Since I don t know if this is the only property you have, my advice might differ if you have more than one property. You mentioned that the property is...

Buying or Selling a Home: 2nd mortgage, foreclosure auction, mortgage question
foreclosure auction, mortgage question, leui: If the first mortgage is willing to accept the deed in lieu, Brad, then you probably should do it. But be aware that you may be subject to a Internal Revenue tax assessment for the amount of the loan that you basically gave back. So, you would have a $40,000...

Buying or Selling a Home: Allowing a lease-option for current home so we can buy a new home?, lease option, prospective buyer
lease option, prospective buyer, second mortgage: Hi Katie, Talk with a lender and see if you qualify for a new home if you rent out yours. I would not do a lease option as it is unknown what the value will be at that time and with a lease option you could lose a considerable amount of money if the market...

Buying or Selling a Home: appraisal, home loan programs, residential appraiser
home loan programs, residential appraiser, fannie mae: Hi RON-- Thanks for your question! Here s the (simple) answer--sure, it s POSSIBLE for you to get a 2nd Appraisal--it ll cost you a 2nd Appraisal Fee-- but your problem may NOT be solved by another Appraiser s Estimate/Opinion of Fair Market Value even...

Buying or Selling a Home: Breach of Contract, shell company, breach of contract
shell company, breach of contract, typical lease: Hello David - This type of sale is commonly known as a model home lease-back. The builder sells the property to the buyer at a perceived value (base price plus options less a perceived discount) then the builder agrees to lease it back from you. The purchase...

Buying or Selling a Home: Buyer for our home lost mortg commitment a week before the closing date, mortgage commitment, loan qualification
mortgage commitment, loan qualification, mortgage company: Keep on looking for a good REAL ESTATE attorney. If everything you stated is true, a good attorney would have the buyers account for everything. You should NOT have returned the deposit WITHOUT evidence from any Realtor involved in the transaction. If there...

Buying or Selling a Home: Buyer wants out of contract, disclosure laws, california realtor
disclosure laws, california realtor, due diligence: Dear Kim; Thanks for your question… I do not know the state in which you are selling your property, which has a great deal to with the disclosure laws that usually are part of the contract. Being a California Realtor, our disclosure laws allows the...

Buying or Selling a Home: Buying a foreclosed property, roof leaks, buying a foreclosed property
roof leaks, buying a foreclosed property, acceptable condition: Hi Isabel - Never be pressured into a deal. The plumbing damage could be extensive and after making repairs of $20-$30,000, which it could easily be, your deal isn t so great. In my state, the seller must disclose that sort of information. I am not an...

Buying or Selling a Home: Buying a house with my boyfriend??!!, share expenses, estate question
share expenses, estate question, taking your time: Hi Julia, You are a very wise and astute young lady. So, your discussions of buying a house together ended up with this “very nice guy” just wanting you to move in with him in order to help him be able to make HIS mortgage payment. This line is as old...

Buying or Selling a Home: Buying and selling, tongue in cheek, jessica bryan
tongue in cheek, jessica bryan, home renovation: Dear Sean; Do you really expect me to condone such dishonest behavior?! I know that there are plenty of unscrupulous individuals looking to make money and take advantage of others but I sincerely hope that you are not one of them and that this was just ...

Buying or Selling a Home: backing out of a purchase agreement, dear joseph, typical purchase
dear joseph, typical purchase, money check: Dear Joseph; Thank you for your question…I am sorry to take as long as I have to respond, but I was not available. I do not know what state you live in currently, and there maybe laws that govern this situation that I am not be aware of. In the State...

Buying or Selling a Home: breaking a lease option to buy, landlord tenant laws, florida landlord tenant laws
landlord tenant laws, florida landlord tenant laws, florida landlord tenant: Hello Nathan - I appreciate your comment knowing the laws are different. Thank you. I would recommend that you go online and review the Florida Landlord Tenant laws. A quick search provided me with this address (www.megalaw.com/fl/top/fllandlord.php) The reason...

Buying or Selling a Home: buying, living expenses, lenders
living expenses, lenders, stranger: It depends on the lending laws of your state. If she was a stranger, that money should qualify as rental income, but since she is related to you, the lenders may not consider that as income. Go speak directly to a few lenders and see what they can do for...

Buying or Selling a Home: buying real estate, sellers responsibility, sellers responsibility, estate sellers
sellers responsibility, estate sellers, sign documents: If you have done everything required of you in the contract, and the seller has not done what he/she is required to do - you have two choices: withdraw your offer OR sue him for specific performance. The remedy for this should be in the body of your contract....

Buying or Selling a Home: buying in VA without an agent, binding representation, real estate broker
binding representation, real estate broker, seller broker: Hi Leo- Thanks for the question. While I appreciate your ultimate goal, I believe you take a real chance of causing issues for yourself and ultimately not gaining much. Here s my reasoning (and obviously I am looking at this as a real estate broker): In this...

Buying or Selling a Home: Canceling a listing agreement, transaction broker, agreement contract
transaction broker, agreement contract, lack of attention: To be honest, open houses rarely sell homes. I don t know a single Agent who has found a buyer for the specific property during an open house. So don t let that upset you. Regarding your listing agreement. Contract law varies from state to state, and...

Buying or Selling a Home: Co-Op with a land lease, commercial investment member, real estate investments
commercial investment member, real estate investments, co ops: John, I would recommend you look up and contact a Realtor who is registered as a CCIM (Certified Commercial Investment Member). This is a person who is highly knowledgeable in commercial real estate investments and is highly educated and experienced. Look...

Buying or Selling a Home: Competing against short sales, jessica bryan, new neighborhood
jessica bryan, new neighborhood, mortgage payments: Dear Marc; I feel your frustration. Unfortunately, it is a Buyer s market right now and the truth is, buyers don t need to pay full price unless there is no other inventory around. It is the old Supply and Demand principle. The only thing I can suggest...

Buying or Selling a Home: Construction loan question, jessica bryan, loan question
jessica bryan, loan question, mortgage debt: Dear Clint; You do not actually own the land until you have paid off the loan. Therefore, the bank will have something to say about what you do with the land. You should talk to the people who gave you the loan and run these questions by them. You will...

Buying or Selling a Home: Construction loan question, loan question, land parcel
loan question, land parcel, building a home: You might try to put the whole package together, loan, land and plans, etc., and sell it at a very good price for the buyer. Otherwise you may be stuck with it while waiting to be able to buy the other land parcel. In this kind of market, there are people...

Buying or Selling a Home: Contract conflict, independent appraiser, half a million
independent appraiser, half a million, prospective buyer: Hi PO- Thanks for the question. Wow- I can see why you are frustrated. First off- let me say that this is a tough market for comps. Most prices are truly below where they were in 2006, at least in my market. Generally, if a house is priced correctly and shows...

Buying or Selling a Home: Contract & Special Deed, general warranty deed, special warranty deed
general warranty deed, special warranty deed, verbal contracts: Hi Jim, 1) No, a Special Warranty deed does not provide the same coverage as a General Warranty deed. A quick synopsis is that a special warranty deed says that while the bank has owned the property (a finite time period), no new liens have been issued....

Buying or Selling a Home: Contract sale and foreclosure, purchase title insurance, land contracts
purchase title insurance, land contracts, legal options: Hi Dave - My first reaction is you need to speak to a real estate attorney in your state. I m a Realtor, not an attorney, so I can t advise you whether to stay or walk away. I will tell you you right to walk away or not should be spelled out in the contract....

Buying or Selling a Home: cancel agreement to sell, jessica bryan, countrywide mortgage
jessica bryan, countrywide mortgage, offer to purchase real estate: Dear Charles; It depends upon what the contract states. If the offer to purchase was based upon the Buyers obtaining financing then the contract will be cancelled. However, the Buyers may have an option to find another loan and if that is the case and if...

Buying or Selling a Home: cancel contract, court case, real estate agent
court case, real estate agent, defendant: It is strongly recommended that you counsel with a REAL ESTATE attorney to protect your interests, Patricia, since you may be the defendant in a court case if the buyer really wants to buy your house. Plus, since you have signed a document that probably obligates...

Buying or Selling a Home: creative real estate investing, unemployment lines, st louis missouri
unemployment lines, st louis missouri, unemployment line: That story about him challenging diffent city s mayors to put money in the pockets of people who were in unemployment lines is true. But that was about 20 years ago and less. That was before the power of computers, although there was computers at that time,...

Buying or Selling a Home: creative real estate investing, convincing story, robert g allen
convincing story, robert g allen, creative real estate: There is no doubt that he did what he said he did, and I have done it a few times without taking him up on his offers. But in this kind of market it is a different story. Plus you need investors (friends, relatives) to trust you and your knowledge. Example:...

Buying or Selling a Home: Disclosure/Inspection Issues - Flooding, disclosure inspection, intense thunderstorm
disclosure inspection, intense thunderstorm, front porch: Hello Jeff. I appreciate a fully prepared question. Start talking to a lawyer is the short answer and take their temperature. It s possible that as this real estate company handled both sides of the sale and earned both sides of the commissions, a call...

Buying or Selling a Home: Disclosure Problem - Flooding, drainage issues, intense lightning
drainage issues, intense lightning, front porch: Hi Jeff, Sorry to learn of your flooding problem. I agree with you that your flooding issues probably did not just “start” happening after you purchased the property with the amount of drop in elevation you are describing, and my guess is that the Sellers...

Buying or Selling a Home: Dishonesty in property disclosure?, property disclosure form, drainage pipes
property disclosure form, drainage pipes, irrigation system: Hey, Echo. I could easily write both a yes answer and a no answer to your question. But if you have a bad feeling about the house after the home inspection, then I think you were right to cancel the transaction. A home is too expensive an investment to...

Buying or Selling a Home: Dispersing proceeds from house sold for estate, rgs title, settlement office
rgs title, settlement office, ordinary circumstances: Hello Sue, Hmmm. You did not say if this was a sale of an estate or a living trust or something other than a traditional sale. A simple call to a settlement company will answer this question for you. Call any RGS Title or MBH Settlement office in Virginia....

Buying or Selling a Home: Don't know what to do, escrow fees, realtor fees
escrow fees, realtor fees, wood flooring: Dear Melissa; Thank you for your question regarding your manufactured home. I understand and respect your feelings regarding the poor market conditions in your area and what the country is experiencing at this time. First determine what your payoff would...

Buying or Selling a Home: Driveway Easement, third house, easement
third house, easement, street maintenance: Hello John. My opinion would be that what ever document is recorded at the courthouse is the ruling document and that any subsequent document(s) that modify either the original or previous one, that is also recorded, would be superior. With that said however,...

Buying or Selling a Home: Earnest Deposit Repayment, initial delivery, phase 3
initial delivery, phase 3, recourse: When you say that the builder initially waived an additional deposit, did he do this in writing? What you ll want to do is carefully review the contract and paperwork that you signed. Anything the builder said verbally is not binding, only what you have...

Buying or Selling a Home: Equity participation, simple promissory note, equity participation
simple promissory note, equity participation, investment money: Hi Peter, As long as the home is owner occupied (your son will be living there), no you will not be able to depreciate any part of it. If you owned the home by yourself and your son rented the property from you, then you would be able to straight line...

Buying or Selling a Home: ex-husband in foreclosure, divorce lawyer, mortgage lien
divorce lawyer, mortgage lien, family divorce: If you are not a borrower or a guarantor in any way to your husband s loan, or if you have not assumed the loan by any sort of agreement than you are not personally liable for the loan. If he refinanced while you were still married you probably had to consent...

Buying or Selling a Home: Finding Distant Wholesale Customers, metro detroit area, investors club
metro detroit area, investors club, wholesale customers: Hi Alvin - There are a lot of investor boards all over the internet that you can join. Some are free, some have a small fee. thecreativeinvestor.com totalfinancialliberty.com rehablist.com Plus there are a number of groups on yahoo. Also, join your...

Buying or Selling a Home: foreclosure home buying, balloon payment, mortgage payments
balloon payment, mortgage payments, initial interest: This definitely sounds like some sort of scam! Just the fact that no legitimate lender is offering financing with no money down regardless of your credit is a huge red flag. I would certainly have an attorney or Realtor from your area check out any proposals...

Buying or Selling a Home: Home contract cancelled upon mutual agreement, but builder not returning deposit, unregistered mail, home contract
unregistered mail, home contract, contract states: Hello Sam - Did you use the services of a REALTOR? If so, contact the REALTOR and the Firms Broker and ask for their assistance. If not remember, the on-site representative works for the builder not you! My recommendation is to first attempt to contact the...

Buying or Selling a Home: improvements before lising our home?, foundation plantings, fresh coat of paint
foundation plantings, fresh coat of paint, coat of paint: Hi Maggie: You are on the right path - keep the cost of the improvements as low as you can, because you can never be sure what your offer will be in today s slower market. Some of the improvements you mentioned are neutral, like the light fixtures....

Buying or Selling a Home: improvements to make before listing home..., foundation plantings, fresh coat of paint
foundation plantings, fresh coat of paint, coat of paint: Dear Maggie; Regardless of how your market may be, it is always a good idea to be competitive with the best listings since there is more supply than demand right now. I would say that curb appeal is extremely important. Adding lots of color to the front...

Buying or Selling a Home: Life Estate, financial repercussions, luck jim
financial repercussions, luck jim, life estate: TERRI-- To determine and explain to you and your Parents the financial repercussions of their signing over the home to you at this time,is a job best done by a Financial Analyst/Consultant, not someone who s an Expert in Real Estate matters. In any...

Buying or Selling a Home: Looking for a home, professional home inspector, john mckenna
professional home inspector, john mckenna, certified home inspectors: Always hire a professional home inspector that does not have a backdoor relationship with the local realtors. Those who do not work for the local realtors usually have to charge more. Find someone who has a strong background in construction and is a member...

Buying or Selling a Home: Mineral Rights, pennsylvania coal, upstate pa
pennsylvania coal, upstate pa, luck jim: COLLEEN-- How an Out-of-Town Expert like one of us here at AllExperts.com feels about what your Seller might do or not do is totally irrelevant! And it s not a question that any of us would feel comfortable about answering! Other than the Seller him/herself,...

Buying or Selling a Home: Mobile Home Sale, mobile home broker, mobile home park
mobile home broker, mobile home park, double wide mobile home: Usually, Shane, at least here in California, a mobile home broker will sell mobile homes and most times arrange for the placing of the home onto a lot, whether it is owned by the resident or the mobile home park. When a mobile home is placed on the lot that...

Buying or Selling a Home: Mold Issue, drywall work, john mckenna
drywall work, john mckenna, mold inspection: You need a complete home inspection and professional mold inspection. The lab samples will verify the presence of mold and you can have the proper remediation done according to things that are found during the inspections. Also get a pest control inspection....

Buying or Selling a Home: mls listings, fha appraisal, pigeon hole
fha appraisal, pigeon hole, hefty commission: Did your Realtor do anything wrong? No. Was it smart of her? No. While she did nothing wrong, My wife ( who is a Realtor ) and myself do not agree with what she did. My wife leaves them on her site even after it sells. The only thing you can...

Buying or Selling a Home: mls listings, fha appraisal, pigeon hole
fha appraisal, pigeon hole, hefty commission: Hi Avery, My MLS system has a classification as “ACI,” which means: Active, but contingent on a home inspection being performed and satisfactorily resolved if there are deficiencies to be addressed. Unless and until any and ALL home inspection issues...

Buying or Selling a Home: getting a mortgage with a child support lien, child support lien, proper authorities
child support lien, proper authorities, getting a mortgage: Hi Larry, I apologize for the delay in responding. I have been out of town for a few days, and I failed to “check out” on the All Experts’ site prior to leaving. Your question is more of a legal one, and I am not qualified to give legal advice. You...

Buying or Selling a Home: To move or not to move?, sq ft range, tx apartments
sq ft range, tx apartments, wate: You are facing one of the most common decisions in real estate. Update or move? My suggestion would be to have a Realtor come out and look at your home and advise you on a selling price as is and with some improvements. Also I would have a foundation expert...

Buying or Selling a Home: Obtaining a Deed, mid 80s, title company
mid 80s, title company, paying taxes: In Texas, Anne, you may use a title company (I am sure your sale is being handled through a title company some how, some way). When you do the sale, just make sure there is a title company there to check out your property s info. If you have been paying the...

Buying or Selling a Home: Down Payment - Closing Costs Assistance, earnest money deposit, ameridream program
earnest money deposit, ameridream program, first time buyer: Yes, Ameridream is legit - worked great for these buyers! They purchased a home for $339,900 with no money down, the sellers contributed 6%. We work with a couple lenders. One is Capital Mortgage over in Annapolis. The VP there is Tim Rooney and his number...

Buying or Selling a Home: Please Help Fast., hot water heater, school of hard knocks
hot water heater, school of hard knocks, black mold: 7 months is as bad as 7 years. I wouldn t have accepted all that in 7 minutes. You will have to learn that you DO NOT accept any house without having an inspection by a professional house inspector. If you are concerned with the inspector s cost, how much...

Buying or Selling a Home: Property Tax - NYC, good faith estimate, escrow agency
good faith estimate, escrow agency, escrow account: FOLLOW-UP-- I apologize on behalf of AllExperts.com for the lack of timely response! You may realize that you didn t send your inquiry to me--apparently whoever you sent it to was ill, on vacation, or something, as I found your inquiry in our QUESTION...

Buying or Selling a Home: Do I have to pay my seller?, closing date, divorce
closing date, divorce, agency agreement: Did you buy a house a month ago or are you getting ready to close on a house? Your statement implies both. If you have not settled, but are under contract you are obligated to go through with the deal. That is the purpose of a contract. Other people...

Buying or Selling a Home: property Ownership, probate courts, legal situations
probate courts, legal situations, mortgagee: Hi Brian- There are many legal situations here that you need to consult an attorney for. But my layman s understanding is the following. If you want the home to pass title to a person at your death, that is typically handled by a will and the processing...

Buying or Selling a Home: property value, zoning maps, density areas
zoning maps, density areas, roxborough co: Hello: Your property value will fluctuate depending on the status of the project, and the project itself. We ll look at both. Timing: 1) Stage One - Possible Development location Most towns designate high-density areas on their zoning maps. When...

Buying or Selling a Home: Question on Home Staging, pastel colors, sherwin williams
pastel colors, sherwin williams, latte: Whatever you do, don t paint the walls white!!! This is absolutely boring and would not showcase your home or its architecture. Speaking of coffee colors, I like Caffe Latte by Sherwin Williams. I ve used it in my own home. Maybe mix it up with a nice...

Buying or Selling a Home: Real Estate commission on sale by owner, realtor members, state reference
realtor members, state reference, dual agent: Hi Ted, I think I can clear this up for you. My real estate practice is in northwest lower Michigan. I share that because real estate customs and laws can vary from state to state; even among different counties in the same state (reference to customs as...

Buying or Selling a Home: Rescinding a purchase agreement, typical purchase, oral contract
typical purchase, oral contract, valid contract: First and foremost, in Florida, any contract for the sale or transfer of land or any interest in land must be writing. Thus, an oral contract for the transfer of land is not enforceable. However, in your case there is some sort of written document. To be...

Buying or Selling a Home: Residential Listing Agreement, professional party, residential listing
professional party, residential listing, real deal: Dear David: I do not have a copy of your agreement, so am not certain of your obligations. However, I am wondering why the other agent is so hot to skip over a colleague. I am of the mind that everyone needes representations, especially with a situation...

Buying or Selling a Home: rescinding purchase agreement, state deals, typical purchase
state deals, typical purchase, earnest money: Hello Joseph - I would definitely recommend talking to a real estate attorney in your state. Each state deals with this situation differently. However, am I correct in my understanding that you deposited the earnest money check but never signed the contract?...

Buying or Selling a Home: rescinding purchase agreement, verbal contracts, practicing real estate
verbal contracts, practicing real estate, real estate broker: MR. HOGUE-- The scenario you present involves one giving you an opinion and advise on a legal matter--a contract between two parties.For anyone who is NOT an Attorney before the Bar in your State OR a State licensed Real Estate Broker or Salesperson to...

Buying or Selling a Home: Selling my 1st home, sliding glass doors, tile countertops
sliding glass doors, tile countertops, ralf lauren: Rebecca, To prioritize any money that you have to fix up this house to sell, I would: 1. Paint the Exterior 2. Update the floor 3. Paint the Interior 4. Add the lighting. I think that ceiling lights are great and very attractive as a selling feature....

Buying or Selling a Home: Selling/ Buying a home, lousy market, palm beach county
lousy market, palm beach county, market 3: A lock box is a device that realtors use to hide a key in. They can then access the key by opening the box with a code. They then use the key to access your home when you are not at home. Caution - your realtor can give the code to other realtors, i.e. buyer...

Buying or Selling a Home: Selling a Home, northern suburb, mortgage insurers
northern suburb, mortgage insurers, question pool: MARK-- You didn t send this inquiry to me; I just found it in the QUESTION POOL and see that no one has answered it & you re out there waiting to hear from some one!So, I volunteer. Certainly it s impossible for any of us to to answer your questions...

Buying or Selling a Home: Selling a home in disrepair, county clerks office, county assessors office
county clerks office, county assessors office, lot sales: Hi Charlee, Yes, it is always possible to sell a home needing extensive repairs. There are any number of investors in all areas who are always looking for “deals.” Remember, however, that an individual buying such a home is looking for a reduction from...

Buying or Selling a Home: Selling summer home, building depreciation, capital gain taxes
building depreciation, capital gain taxes, capital gains taxes: If you lived in the home 2 of the last 5 years, then you should not have to pay any capital gains taxes. If you put a mortgage on the property, you would be able to get the money out without taxes until the sale. You could rent the property to pay the mortgage...

Buying or Selling a Home: Septic System Encroachment, green grass, public sewer
green grass, public sewer, survey plan: Hello John. You did not say if you bought your property before or after this system was installed so I have to presume that this work was done before you bought, which was recently and you have come to notice really green grass growing in long straight...

Buying or Selling a Home: Sewer Issue New Home, electrical costs, beginning construction
electrical costs, beginning construction, sot: Karl, I m on your side, really. I agree as I stated above, the builder would had known this prior to starting the work and in my opinion should had brought the subject up. If the builder is the same as the seller of the lot you bought, I can only say,...

Buying or Selling a Home: Short Sale, hi doug, earnest money
hi doug, earnest money, doug smith: Hi Doug, Typically a short sale bank will not accept a contingency like this. IF they do, your earnest money should be refundable if you cannot find financing and/or your home does not sell. This should be in your contract and explain what happens and what...

Buying or Selling a Home: Short Sale Possible?, question pool, property taxes
question pool, property taxes, delinquency: ALVIN-- You didn t send this inquiry to me--but I found it in the Question Pool & thought that someone should answer you. So here goes! (1) Is delinquency on property taxes enough to get the Lender to consider a Short Sale? IT S DOUBTFUL! Lenders typically...

Buying or Selling a Home: Short Sale Qualified Possibly?, interest percentage, tax lien
interest percentage, tax lien, property taxes: Hi Alvin - Do I know of a lender that will do a short sale if you re not behind, but about to be delinquent on property taxes, the answer is no. Lenders could care less about the property taxes. I don t know what state you re in, but in most states when...

Buying or Selling a Home: Should I sell my home?, sq ft range, tx apartments
sq ft range, tx apartments, wate: ANU-- Wow, you and Hubbie aren t on the same page with this one, are you? Having once been in a similar situation, my Wife and I opted to sell and move into an Apartment for a while And for her to go back to work to help get us back on our feet! ...

Buying or Selling a Home: seller railroaded by real estate agent, dear tom, sales contract
dear tom, sales contract, real estate agent: Dear Tom, Your friend may be in a very difficult situation. I would suggest he consult an attorney immediately. He should also hold the buyer strictly to the terms of the contract. He can refuse to do any repairs or give any credits towards repairs....

Buying or Selling a Home: selling a house, luck jim, easy job
luck jim, easy job, friends name: JASON-- No, you can t handle this matter yourselvef If Mom left the home to someone else in their name , even though she wanted you to have it but to also have someone looking out for you,it s questioanble if you can sell it! It sound s like the home...

Buying or Selling a Home: selling what once was primary residence, capital gains tax, nearby county
capital gains tax, nearby county, dear bill: Dear Bill: Unfortunately, you do have to live in the house for a period of 2 years all within the last 5 years to take advantage of your $250K if you are single, and $500k if you are married tax exemption. The exception that you maybe referring to is that...

Buying or Selling a Home: Title, proper legal counsel, title insurance policy
proper legal counsel, title insurance policy, commonwealth of massachusetts: FOLLOW-ON: Sorry about the lack of timeliness in our response to your submission. It wasn t originally sent to Jim Root, but to another Expert who sent it to the QUESTION POOL. Jim just found it & thinking that you deserved a response, took it upon himself...

Buying or Selling a Home: title on a house, yellows pages, idaho state bar association
yellows pages, idaho state bar association, quick deed: LINDSAY-- What a mess you re in! You need more help than any of us at AllExperts can give you.You re in a very complex situation that only an Idaho-licensed Attorney and member of that State s Bar Association can handle for you! I m assuming that you...

Buying or Selling a Home: under contract, jessica bryan, dear jennifer
jessica bryan, dear jennifer, signed contract: Dear Jennifer; Other agents are still able to show the home if the seller authorizes this as a way of getting back up bids. Even though you have a signed contract there are probably some contingent items such as getting the loan. If the deal falls through...

Buying or Selling a Home: Wholesaling Real Estate, metro detroit area, wholesaling real estate
metro detroit area, wholesaling real estate, dollar profit: Dear Alvin; I am sorry about the delay in getting back to you... I have been without a PC in the heart of Mexico, and just now answering my emails. I appreciate your patience. Regarding what you are doing, there are investors throughout the country that...

Buying or Selling a Home: Wholesaling Real Estate to Distant Investors, metro detroit area, hard money lenders
metro detroit area, hard money lenders, national real estate investors association: Hello Alvin - Contact the National Real Estate Investors Association. They will have links to other state investor associations. In addition you may want to try online portals like craiglist, classmates, wildcard searched for investor organizations, hard money...

Buying or Selling a Home: getting someone out, actual eviction, garnishment
actual eviction, garnishment, facing foreclosure: Hi Kim....this is way out of my league! When a home is placed on a permanent foundation, it becomes real property . The lender needs to know what s going on, and probably advise you. My guess is that you will have to do an actual eviction, but I don t...

Buying or Selling a Home: $617k bid for $5.3M property???!!!Marshall's Service Auction., auction index, service auction
auction index, service auction, warrenties: Every home in a REO situation is different. They probably have a note for that much money on the property and they are just trying to get their money back. You will get no warrenties with it and there could be problems. You can go in and do your own inspections...

Buying or Selling a Home: Arizonia short sales, good luck, volunteer
good luck, volunteer, desire: Hi Lisa, a short sale can take several months, even 6. It is more than the bank sitting on it. It depends on where in the Short Sale stage the seller is. Have they submitted their letter to the bank stating their desire to do a Short Sale and why? Have...

Buying or Selling a Home: Awards?, national association of realtors, s real estate
national association of realtors, s real estate, additional education: Hello Marina - There is nothing more disrespectful to our industry or the consumer than false advertising of designations and awards. True professionals work hard to achieve additional education to provide a higher-fiduciary service to clients. Many times...

Buying or Selling a Home: add name to title, property titles, purchase agreement
property titles, purchase agreement, fiance: Yes, Eric. Adding names to property titles is done all the time. Just be aware that you alone will be responsible for the mortgage after the property is yours. The lender might require verification from where the other half of the down payment is coming, especially...

Buying or Selling a Home: agent problem, keybox, new keys
keybox, new keys, locksmith: Zack, I am a little confused. You say that you cancelled the listing but your old agent has refused to cancel. If you don t have a mutually cancelled listing you might still be on the hook to the first agent. If the listing is definitely cancelled have...

Buying or Selling a Home: assignments, buying a property, title insurance
buying a property, title insurance, title company: Hello Ricky, Thank you for your question. It sounds like your friend has an option to buy a property and now you want to buy it from your friend. So now your friend will go into contract with you to sell you the property. When you are ready to close...

Buying or Selling a Home: Backing out Condo Contract, purchase agreements, financial hardship
purchase agreements, financial hardship, purchase agreement: Hello Trina, Without being able to read your purchase agreement and the terms regarding Delivery, Financing & Default, I can not properly respond to your question. My suggestion would for you to contact a real estate attorney and see what they think....

Buying or Selling a Home: Breaking a new home contract, jessica bryan, home contract
jessica bryan, home contract, dear dave: Dear Dave; Was there a delivery date in the contract with some wording saying that if it doesn t close by a certain date the contract could be canceled and earnest money returned? If not, then I suggest you contact an attorney to get you out of the contract....

Buying or Selling a Home: Buyer's Agent or No Buyer's Agent - That is the question!, maximum purchase price, mortgage loan
maximum purchase price, mortgage loan, asking price: STEVEN-- Please don t take this as criticism, cause it s not meant that way.But you asked for my feedback, and I m going to call it like I see it! First of all, the abundance of questions you ve posed to me makes it obvious that you know very little...

Buying or Selling a Home: Buyer Commission, licensed real estate, real estate agent
licensed real estate, real estate agent, bernstein: Dear Long, Yes, as an agent you can collect commission when purchasing property. There are instances such as some foreclosures or sales overseen by the court where they will not pay commission to agents purchasing for themselves. Hope this helps. ...

Buying or Selling a Home: Buyer and seller communicating, irrigation systems, contractual conditions
irrigation systems, contractual conditions, pool equipment: Dear Ernest; Good question…It is permissible for buyer and seller to talk anytime during the transaction, although it is not recommended for various reasons. There is no rule, or regulation preventing you from talking with one another. It appears that...

Buying or Selling a Home: Buying a first time home, program suits, jessica bryan
program suits, jessica bryan, mortgage calculator: Dear Roy; The rule of thumb is that you should make house payments (principal and interest) of no more than 25 percent of your combined monthly income. Your total payment including taxes and insurance shouldn t be more than about 33 percent of your total...

Buying or Selling a Home: Buying a home from a Family Trust, state steps, family trust
state steps, family trust, cynthia smith: The idea of a Family Trust is a maneuver by the owner (Family) to protect against probate more than anything else, Pamela. When John Smith bought the property, he had the property in his or his and his wife s name, John and Jane Smith. Since they are aged,...

Buying or Selling a Home: Buying a home from a family member, market interest rate, warranty deed
market interest rate, warranty deed, conventional bank: First of all, Beth, is there any other siblings in the picture? If there is, maybe they have interest in buying the property, too, and they could hire an attorney to protect their interests. If not, from where does your mother get her income? With you paying...

Buying or Selling a Home: Buying a home/hit a snag, inspection period, property
inspection period, property, condition: Hello Ally - First, what is it you are trying to accomplish? Condition of the premises, more inspection time, to cancel, or to educate the agents? I am going to initially imagine you are concerned about condition of the premises. If you are in AZ then the...

Buying or Selling a Home: Buying some of my mothers house to sort out my debt??, interest rate loans, high interest rate
interest rate loans, high interest rate, yorkshire bank: Dear Matisse; Thanks for your question… Unfortunately, you would not be allowed to buy into their loan for the home. The mortgage broker would have to refinance the entire property including your $15K you would like to obtain, for a grand total of $45K...

Buying or Selling a Home: basement done without permit, state of california california, disclosure statements
state of california california, disclosure statements, broker manager: Dear Eric; Thank you for your question… I am sorry for the delay, but I just got back and reviewing my email and saw your question. Your patience is appreciated. You did not mention to me what state your property is located, so the only thing I can pass...

Buying or Selling a Home: being bought out on a quarter ownership of house, group ownership, 6 years
group ownership, 6 years, 0000: The correct process will depend on the type of deed that was used to convey ownership. With group ownership, there are a couple ways you could have taken title. If you each received a deed for your portion of ownership, you can sell your portion and transfer...

Buying or Selling a Home: buying out my brother's share of an income property, real estate lawyer, bank mortgage
real estate lawyer, bank mortgage, financial situations: Hello Mike, Thank you for your question. If there is a bank/mortgage involved I think you will need to have a closing where the two remaining owners refinance the property and remove the third from the deed. You can check with the bank holding the mortgage...

Buying or Selling a Home: buying a foreclosed property, buying a foreclosed property, first time buyer
buying a foreclosed property, first time buyer, tempe area: Hello Lisa - Let me begin by stating a real estate licensees duty is to provide information to the client in an objective manner by which the client can make appropriate price and financial decisions for themselves . OK- Now let me answer each of your questions....

Buying or Selling a Home: buying on land contract, credit numbers, land contract
credit numbers, land contract, lease option: What you describe, Sue, is ideal for a LEASE-OPTION. The reason why you may not want a land contract is that there are a few things that can go wrong with the transaction with which you may not be able to contend. You haven t said in what state the property...

Buying or Selling a Home: buying out a real estate partner, new mortgage, settlement fees
new mortgage, settlement fees, estate partner: Hi- Thanks for your question. Sorry for the delay in answering- I was out of the country. The first step is to contact the mortgage company. Since the mortgage was probably based on both your incomes, most likely they will require a new mortgage (and new...

Buying or Selling a Home: buying a second home, bank owned houses, catbird seat
bank owned houses, catbird seat, electrical repairs: Most Realtors® have a list of bank owned houses or a lead to a foreclosure or pre-foreclosure, Mike. With you having good credit and good income, you are sitting in the catbird seat. You can get yourself a good buy somewhere, someplace, even though you have...

Buying or Selling a Home: Cancellation contract,, cancellation clause, building contracts
cancellation clause, building contracts, survey stakes: Hi Adam- Thanks for your question. Without seeing your contract, it would be difficult to say whether or not you have an out. My question to you is- do you still want the house and are just concerned because the construction hasn t started in which case...

Buying or Selling a Home: Concerned first-time buyer asks a LOT!, maximum purchase price, first time buyer
maximum purchase price, first time buyer, mortgage loan: This question, found in the QUESTION POOL, has been previously answered by several experts. All seem to suggest that the client obtain the assistance of an experienced,knowledgeable, skilled and trustworthy BUYER S AGENT to help him become a Homeowner!--J...

Buying or Selling a Home: Construction Loans: Flood Plains, fema maps, flood insurance
fema maps, flood insurance, flood zone: Hello James, Please note that I am not licensed as an attorney. In my experience in dealing with lenders, yes, the underwriters always give notice to the buyer prior to closing if flood insurance is required, that is why you are charged a fee for them...

Buying or Selling a Home: co signing, jessica bryan, financial obligation
jessica bryan, financial obligation, co signer: Dear Ingris; It seems like you should be able to get into the apartment without a co-signer but if you need one, it will be difficult for her to buy a home and have a financial obligation as a co-signer on your apartment. She (and you) should talk to a lender...

Buying or Selling a Home: Deposit, residential purchase agreement, escrow instructions
residential purchase agreement, escrow instructions, bank owned property: STEFANIE-- You know the old saying There are two sides to every story ? Well, in Real Estate it s not rue--there are as many sides to a story as there are people involved and who expect to make money on the deal! I ve read your version of the story,...

Buying or Selling a Home: Determining if an HOA is required or not, home auto repair, pink flamingos
home auto repair, pink flamingos, architectural integrity: Hello Lee, There are two sides to having CC&R s in place. One side is that you, the developer can control the architectural integrity of your project. Owners will not be able to change exterior color schemes, add pink flamingos and other assorted ...

Buying or Selling a Home: Earnest Money, earnest money deposits, major insurance companies
earnest money deposits, major insurance companies, small claims court: As long as your original offer did say that you, as the buyer, had the right to cancel the transaction with the return of your deposit, Michelle, the seller doesn t have a leg to stand on. And your Realtor, the agent that represents you, should have said so...

Buying or Selling a Home: Earnst Money-Loan denied, unconditional approval, money loan
unconditional approval, money loan, contingencies: Dear Eric, It all depends on whether you have removed all your contingencies. If all your contingencies have been removed by you then your deposit is in jeopardy. If you have not removed your contingencies then you should get your deposit back. Many times...

Buying or Selling a Home: Encroachment and contract obligations, consent release, contract obligations
consent release, contract obligations, encroachment: Hello Pat, Thank you for your question. That is exactly what a title search is for! Your title search revealed a problem. Now it is up to the seller or his title company to fix. If they can t fix it you are out of the contract and get your escrow...

Buying or Selling a Home: Escrow deposts, earnest, money
earnest, money, deposit: Robert - It is difficult to determine the reality without documentation. The transaction is usually contingent on the appraisal. An experienced real estate agent would write additional terms in the additional terms section requesting a copy of the appraisal...

Buying or Selling a Home: First time buyer asking a LOT!, maximum purchase price, first time buyer
maximum purchase price, first time buyer, mortgage loan: Hi Steven, You are looking at an uphill battle. While what you re asking can be done, the listing Realtor will only endure it with a lot of kicking and screaming! Factor in your plan to reduce their commission to less than they would receive (2.5%) than...

Buying or Selling a Home: First time buyer asks a LOT!!!, maximum purchase price, first time buyer
maximum purchase price, first time buyer, mortgage loan: Steven, Let me first apologise in being late to respond. I am in Mexico and was fishing all weekend off shore....I hope my answer makes up for being late. Rick Hello Steven, Thank you for a well thought out and presented question. I ll begin...

Buying or Selling a Home: First time buyer asks a LOT!, maximum purchase price, first time buyer
maximum purchase price, first time buyer, mortgage loan: Well Steven, you do ask a lot of questions, but thats good. I will be right up front. No Realtor will cut there commission. They need to make a living also. Remember, a Realtor only gets paid when they sell a house. So if they are slow, they are making...

Buying or Selling a Home: Mobile Home Title Question, affidavid, modular home
Buying or Selling a Home: Mobile Home Title Question, affidavid, modular home, dmv

Buying or Selling a Home: family investment, asset protection specialists, county recorders office
asset protection specialists, county recorders office, short term investment: Hello Tonya - First let me apologize as the system did not notice me of your question which accounts for the delay in my response. Inquire about taking title as tenants-in-common (TIC). This means each tenant would own an undivided equal share of the premises....

Buying or Selling a Home: free pre-foreclosure/foreclosure listings, jack dick, foreclosure listings
jack dick, foreclosure listings, daily newspapers: Yes, Jack, but I don t think you d be interested because it takes a lot of work and research. First of all, you would have to search in your daily newspapers. There is where they have people s houses that are in foreclosure (or heading for it) listed. Just...

Buying or Selling a Home: fsbo and the va, question pool, fsbos
question pool, fsbos, buy owner: THOMAS-- You didn t send this question to me, but I just found it in the QUESTION POOL and see that you have received no answer from the Real Estate Professional you sent it to on 5/12/08. So, my apologies on behalf of AllExperts.com for this delay in a...

Buying or Selling a Home: Gift of equity nonrelative, tax implications, real estate agent
tax implications, real estate agent, capital gains: Your daughter could be considered executing a fraud with the seller aiding and abetting, Karl. She would be defrauding the lender. That s number one. Number two, how does she know the house is worth $120,000? Number three, how does she know that she is not...

Buying or Selling a Home: Good Faith money, earnest money deposit, high interest rate
earnest money deposit, high interest rate, fha loan: MICHELL-- Without knowing the specific wording of the Purchase & Sale Agreement(a legal & binding Contract) signed by you & the Seller, especially as it relates to the Earnest Money Deposit--sometimes called Good Faith Money -- AND/OR any contingencies...

Buying or Selling a Home: Home inspector missed several items, inspector, deck
inspector, deck, siding: Scott: First, I am not an attorney. If you want to know whether legal action is advisable or warranted, you should make an appointment with a good attorney who is familiar with real estate transactions and has experience with home inspection related cases....

Buying or Selling a Home: Home Purchase, custom home builder, final move
custom home builder, final move, philosophical question: Dear Sherry; There are many opinions flying around about the market and whether or not this is a good or bad time to buy. Some say that the market will recover soon and others say it might take a few years. Some talk about it being a Buyer s market and...

Buying or Selling a Home: Home Purchase, seaboard states, custom home builder
seaboard states, custom home builder, final move: Sherry: I say build it! Texas is not having an off market like most of the seaboard states. It is not as bad as they say in the media. Look at the real numbers. You are right, you are not going to be selling soon, and things are not going to be cheaper in...

Buying or Selling a Home: Home sale, realestate agent, jessica bryan
realestate agent, jessica bryan, money marketing: Dear Harrison; If the market area in which this home is located is not a depressed market area, I see no reason to go to auction. Why don t they try listing the home at close to market value for a quick sale and see what happens. If they don t get any offers,...

Buying or Selling a Home: Home sale, realtor member, comparative market analysis
realtor member, comparative market analysis, realestate agent: HARRISON-- From my perspective, auctions seem to work well when offering High End homes ( VERY expensive properties) OR Low End properties ( real BARGAINS)! This seems to me to be even more true in a Buyer s Market, such as we have across the nation...

Buying or Selling a Home: helped friend to get loan, lease sign, friend john
lease sign, friend john, realtor: This why you do not do things like this. You should have gotten this in writing with her. I will take it as you did not. There is no way to force her to refinance. You own the house. You can force her out of the house since there is no lease sign....

Buying or Selling a Home: home liens, mijares, title company
mijares, title company, homework: Hi Thank you for your question. Verifying all the liens on a property is typically the job of the title company. That is a part of the closing fees associated with a home purchase. Any liens that would prevent a free and clear transfer has to be taken...

Buying or Selling a Home: More info on Tax Sales, orange county florida, county orange
orange county florida, county orange, tax certificate: Hi Liz, I think I’ve found the sites you are looking for. For Broward County: Use the link below http://www.co.broward.fl.us/revenue/ In the right-hand blue column, click on the “2008 Tax Certificate Sale Bidder Information” for procedural information....

Buying or Selling a Home: inheirited house, good neighborhood, exterior paint
good neighborhood, exterior paint, safety defects: Dear Kurt: Sorry to hear that your dad died. With reference to his house, my first suggestion would be for all the heirs to get together and pick one of you to be point man and to have power of attorney to make the decision on any and all offers that...

Buying or Selling a Home: life state and a mortgage, donald dick, life estate
donald dick, life estate, county recorder: The fact that he was able to get a mortgage is proof enough that he was legally able to put a mortgage against the house, Donald. Once he has legal title to the house, he may do with it as he pleases. The lender would not have lent him the money if his name...

Buying or Selling a Home: Mineral Rights on Property Purchase, minute consultation, mineral rights
minute consultation, mineral rights, good luck: Hey, Peter. It is possible, but it can be difficult depending on what state you re in. You need a good real estate attorney to help you through the process. Most attorneys will give you a free 30-minute consultation, so take advantage of that. Good luck...

Buying or Selling a Home: Mobile Home Title Question, home in tennessee, liability issue
home in tennessee, liability issue, title question: Still suggest you talk to the Ombudsman....do you have any #s on the bill of sale(serial, DOH, license)? Maybe you can register it now....that really gets me when the parks think they are little Gods, and lay down their own laws! Good luck, and write again...

Buying or Selling a Home: Getting My Money Back From An Option To Buy, fiduciary responsibility, licensed real estate
fiduciary responsibility, licensed real estate, legal opinion: HECTOR-- You have received information from an Investigator AND an Attorney on this matter and aren t feeling comfortable with what they are telling you? I wouldn t be comfortable either, unless I had hired these two professionals myself. Both are working...

Buying or Selling a Home: Getting My Money Back From An Option To Buy, goverment, tough times
goverment, tough times, orlando florida: What investigator, Hector? Based on what you told me, you should have done your investigation about the property and all its problems BEFORE you gave him the option to buy deposit. You should have done lots more investigation, too. I suggest you go to that...

Buying or Selling a Home: Getting My Money Back From An Option To Buy, option money, resale value
option money, resale value, vested interest: I am sorry, but the facts are very confusing. If you have the contract for the option money, then a real estate attorney should or could make certain that your deposit is returned. With reference to any lawsuit about other aspects of the home, the owner...

Buying or Selling a Home: Getting My Money Back From An Option To Buy, Option Buy Real Estate Disclosure
Option Buy Real Estate Disclosure: Hello- Congratulations, you are one of the few folks that consulted an attorney before purchase. A wise decision. I assume your purchase agreement (which is in writing, yes?) explains the valid reason for the return of your deposit money. If the contract...

Buying or Selling a Home: made an offer, jessica bryan, loan qualifications
jessica bryan, loan qualifications, contingencies: Dear Ashraf; I am not at all sure what happened but can guess that they got a better offer. It seems like the agent might have contacted you to ask for another offer after getting a better one but again, I don t know what the seller had requested. There...

Buying or Selling a Home: made an offer on a forclosur home, bank owned property, best interest
bank owned property, best interest, foreclosure: Well, if she wasn t representing the seller, she surely wasn t representing you. As far as I know, REAL Living is a magazine. Was she a wholesaler? Or is she a real estate agent? If she s an agent, depending on whether she was the listing agent...

Buying or Selling a Home: moble home, neutral colors, pastel colors
neutral colors, pastel colors, light bulbs: I am not sure what your home looks like, but in general, do the following: 1) Make sure that you clean your home top to bottom and keep it that way till the home sells. Any items needed to be fixed should be completed now. Any stains on the carpet should...

Buying or Selling a Home: New Construction, taylor morrison, cure period
taylor morrison, cure period, construction question: Hi again, Since you are in Arizona and you are doing this deal without an agent, I cannot get too involved for liability sake. However, I can advise you to open up communication with your escrow agent. Tell him or her of your concerns and that you might need...

Buying or Selling a Home: New Home Construction - Different from Model, Builder, walk-thru
Builder, walk-thru, walk-through: Hello Christopher - I would recommend talking to the superintendent at the subdivision... he is the guy that controls the subcontractors... usually he is willing to assist in the little details before they get to far in the process. Once you get within 30...

Buying or Selling a Home: New Home Construction - Different from Model, new home construction, taylor morrison
new home construction, taylor morrison, due diligence: Hi Christopher, go to the builder (in person) and tell them what you have observed. They may have made a change from the original model, but they should have told you that. So your options could be to ask for money to compensate you for the change or walk...

Buying or Selling a Home: new home buyer-earnest money, fha inspector, two realtors
fha inspector, two realtors, buyers remorse: Hey, Vicki. Four days to cash a check is probably right there in the middle of things. I ve seen them cashed the same day, and I ve seen them withheld for three or four weeks. It deepends on what else is going on. For example, in order to submit a purchase...

Buying or Selling a Home: new home contract, Builder, contract
Builder, contract, terms: Hello Alarie - Obviously there are two issues. The grass, and the language used in the contract. Usually, if there is a contingency, the builder will have the homeowner sign removing the contingency or indicating the terms of the contract have been met and...

Buying or Selling a Home: new home contract, dead grass, weed infestation
dead grass, weed infestation, home contract: Hi Alarie, First, let me apologize for the delay in responding. I have a family member on chemo therapy that I stayed with over the Holiday weekend to help out, and I did not check email. What I would suggest is that you have a landscaping company come...

Buying or Selling a Home: Owner Finance, benefits of home ownership, chapter 13 bankruptcy
benefits of home ownership, chapter 13 bankruptcy, owner contract: DARIN-- The BASIC difference between Owner Financing and a Conventional or Government-Insured Loan is that with Owner Financing,the SELLER ACTS AS THE BUYERS BANK OR MORTGAGE COMPANY! As such, the Seller and the Buyer can establish the terms and conditions...

Buying or Selling a Home: owe too much on mobile home, rental basis, adn
rental basis, adn, irs: My guess, Nikki, is that no matter to where you move, you will pay more each month than what you are paying now on your mobile home, not counting the rent on the lot. Be aware that you may owe some money to the IRS if you walk away from the house. The lender...

Buying or Selling a Home: Pre-selling my home, homefront realty, competitive market analysis
homefront realty, competitive market analysis, propertyupnorth: Hi Lou, Any Realtor worth your consideration will be willing to provide a CMA prior to signing with them. You need to hold them accountable to support their conclusions with sales data not less than 12 months old. Any Realtor unwilling to provide a well...

Buying or Selling a Home: Pre-selling my house, market value assessment, installing hardwood floors
market value assessment, installing hardwood floors, realestate agent: Hi Lou, First of all, your Real Estate Agent is most likely going to base their market value assessment on comparable homes in the area and what homes have sold for. I believe having your home market ready will be a plus in the eyes of the agent, but...

Buying or Selling a Home: Pre-selling my house, comparative market analysis, experienced realtors
comparative market analysis, experienced realtors, realestate agent: LOU-- Welcome back! (1) Yes, you should interview Realtors for the job of listing and selling your home. And at last 3 candidates for that job should be evaluated. You should then hire the Realtor that convinces you that he/she will do the best job...

Buying or Selling a Home: Problem with Pre-approval, excellent credit score, approval certificate
excellent credit score, approval certificate, devision: First, are you making your purchase contingent upon the sale of your present home? That may help your loan approval. Talk to the bank where you do business. The mortgage brokers are really watching things now. Ask them what you need to do to get approval,...

Buying or Selling a Home: proper questions to ask when considering to buy real estate, residential apartment buildings, ccim designation
residential apartment buildings, ccim designation, proper questions: Residential apartment buildings is hard work, Howard. Once you have bought your first units, I hope you are ready to quit your job, because your job will be to make sure the units are in good shape, the tenants are behaving and checking what the market is...

Buying or Selling a Home: purchase agreement cancelation, honesty sincerity, fundamental terms
honesty sincerity, fundamental terms, earnest money: Hello Jeff - No one can force you to buy anything if you do not have the financial means. The negative side is your potential liability for damages to the builder. Sometimes it is loss of earnest deposit, sometimes civil action. Your answer will depend on...

Buying or Selling a Home: Quickclaim/abtract judgement, claim deed, judgement
claim deed, judgement, child support: You definitely need to see your attorney, Mary. First of all, your attorney can reverse that quit-claim deed because it was obviously done to avoid his obligation to you. Second, he is still responsible for that loan, it don t matter who has title to the property....

Buying or Selling a Home: REO's, bank owned properties, snafu
bank owned properties, snafu, contingency: That s the way the market is these days, the banks just don t want to mess with anyone who has contingencies. Here in southern California, for example, easily three out of four sales that are happening are REOs or short sales. So, you ll have a hard time finding...

Buying or Selling a Home: Realtor, leech lines, mls listing
leech lines, mls listing, egress window: I am sorry, but I cannot understand why you expect the building inspector to pay for anytng. His job is to inspect, not to build or construct. Inspectors go around to check over properties making certain that they conform to a set of expectations and codes....

Buying or Selling a Home: Rights for tenants when the property is being sold, storage unit, homeschooled
storage unit, homeschooled, stipulation: I would have to see your lease to see what it says to advise you what your rights are. With that being said, my immediate reaction is that the owner s agent is completely out of line. He does not have the right to enter your home with no notice and he has...

Buying or Selling a Home: real estate ethics, real estate ethics, ethical requirements
real estate ethics, ethical requirements, breaking the rules: No one can refuse to sell to anyone. There for, even if the agent knew the intent, the agent can not refuse to sell. Thats against the federal law. The agent should tell the client, if the agent knew the deed was restricted. So no, it is not against...

Buying or Selling a Home: recinding the sale, extra 3, legal contract
extra 3, legal contract, recourse: Hello John, I am sorry to hear about your bad news. Unfortunately you are in a legal contract and if the buyers perform all their requirements you will have to also unless your lawyer can find something in your contract to get you out of the sale. ...

Buying or Selling a Home: right of way, county clerks office, easement
county clerks office, easement, keen sense: Alice, Well I am thrilled to hear you have taken the correct steps. Many have not and then write me what to do and it s gets rather ugly. You will want to ensure that your property is identified in the recorded court house document as having a Permanent...

Buying or Selling a Home: am I getting ripped off?, clothesline, fuel oil
clothesline, fuel oil, aunts: Any left over oil in the tanks is yours and you do not have to owe them money for it. As far as the pre paid they need to work that out with the company they use. As far as the clothesline it should have been in writing before all the paper work was signed...

Buying or Selling a Home: Sale of Mobile Home, best bet, fleetwood
best bet, fleetwood, home value: Hi Christina....I m sorry that you had to wait this long for a response, but I just got it today. Yes, short sales are possible for you, but there are many conditions. The lender will want you to show some hardship , financial or otherwise. Just contact...

Buying or Selling a Home: Sell Back New Construction, heisler, buying a house
heisler, buying a house, construction company: Hi Vicky- You say that you moved in but you don t mention purchase. I ll assume that you did purchase the property. So, You bought the house. If you bought it, you can sell it to the builder or anyone else, for any price they are willing to pay. But...

Buying or Selling a Home: Seller's Agent, jessica bryan, dear charlotte
jessica bryan, dear charlotte, real estate law: Dear Charlotte; Our rules and regulations require that we present all offers as soon as they are made. However, if the seller gives different instructions or is not reachable then obviously the agent must do what the seller has asked or present the offer...

Buying or Selling a Home: Selling, negotiation skills, sonoma county
negotiation skills, sonoma county, discount brokers: Dear Leslie; Thanks for your kind comments... What do you do next? Give me a call at your convenience, and we can talk about your options... You can reach me at 415-259-4518... I look forward to talking with you in the next day or so... Thanks again... ...

Buying or Selling a Home: Septic System, leech lines, minute consultation
leech lines, minute consultation, mls listing: Hey, S. Yo. First, a Realtor should never do something without your permission and approval that affects your property. Thus I think you have professional misconduct. In my 43 years in real estate, I ve never heard of a county inspector randomly checking...

Buying or Selling a Home: searching title history-lien, title deed search, what is a warranty deed
title deed search, what is a warranty deed, joint tenants: First of all, Victor, I hope your mother either deeded her house over to you so you could sell it legally. Or, she gave you a power of attorney. Otherwise, you ll probably have to hire a real estate attorney or a very knowledgeable real estate agent. ...

Buying or Selling a Home: selling with a contract, wraparound, real estate agent
wraparound, real estate agent, mortage: I would recommend you talk with a REAL ESTATE attorney how it is best in ILLINOIS, Bob. Otherwise, yes, you can. The buyer would get his own financing and pay your mortgage off in the process of buying your house. Or you could use a wraparound (all-inclusive)...

Buying or Selling a Home: selling a deed w a life estate, life estate, s market
life estate, s market, property taxes: Yes, it is possible to sell a house encumbered with a life estate, BJ, but would YOU be willing to buy a house with someone else having the right to stay there for the rest of their life? Unless you are an investor, chances your answer is negative. But...

Buying or Selling a Home: Trying to purchase a mobile home., mobile home park, power of atty
mobile home park, power of atty, home titles: Hi Gary....First thing to do is call, or go down to the escrow company! This is your escrow, you are paying for it, and have every right to find out what REALLY is going on. The park being sold has nothing to do with the titling of this home. Titles are...

Buying or Selling a Home: Upside down mortgage and Loan Modification, chevy chase, loan modification
chevy chase, loan modification, mortgage balance: Have you ever played poker, Dean? Of course you have. If you are half a decent player you know what I am talking about here. When you sit down at the poker table the idea is to win, right? The guy who acts like he must win most of the time actually winds up...

Buying or Selling a Home: We've changed our mind, legitimate reason, purchase contract
legitimate reason, purchase contract, free consultation: Hey, Karen. Your options are going to depend heavily on what state you are in and what the fine print says in the purchase contract. Since your closing is only days away, I suspect that all of your contingencies for canceling the transaction have expired....

Buying or Selling a Home: Waterfron property Upstate NY, couple acres, low bridge
couple acres, low bridge, local realtors: Sorry it took so long to get back with you on this Patrick, You mom needs the assistance of a good, local real estate attorney. Whether she sells for cash, the buyer obtains financing or seller financing (land contract) is involved she should have an attorney...

Buying or Selling a Home: 10% deposit, earnest money deposit, real estate contract
earnest money deposit, real estate contract, standard maryland: What you need to do is read over your contract. You may need to take it to a real estate attorney. Did you work with the seller s agent or did you have your own Realtor? Your contract *should* have a financing contingency. This means that if you are unable...

Buying or Selling a Home: Addition of Owner to House Deed, preliminary change of ownership report, preliminary change of ownership
preliminary change of ownership report, preliminary change of ownership, salary income: The easiest and most efficient way to implement the change is to contact an escrow company to handle it for you. It is my understanding, however, that just being on the deed isn t going to change your tax status. You would need to be on the mortgage itself...

Buying or Selling a Home: Beginning Investor, hey earl, loan fraud
hey earl, loan fraud, property investor: Hey, Earl. First, for commercial real estate, it s far easier, with fewer headaches, to start in residential real estate. Right now, though, the best way to get into property investing and flipping is not to. Instead, read everything you can for the...

Buying or Selling a Home: Best to buy a new or older home?, idea what kind, roof windows
idea what kind, roof windows, vegas area: You don t just go into an area with a general idea what kind of home you want. You go into an area looking extensively at all kinds of opportunities. You might find a great older house with a fanatastic discounted price. Or you might find a newer house that...

Buying or Selling a Home: Best to buy a new or older home?, home warranty company, due diligence
home warranty company, due diligence, resale home: Hi Stephen, thank you for your question. There is a lot to consider when buying new or resale. A resale home can have all the landscaping completed, window coverings, upgrades or remodeling may have already been done, the bugs worked out as it were, and...

Buying or Selling a Home: Best to buy a new or older home?, cosmetic repairs, resale home
cosmetic repairs, resale home, roof windows: Stephen, there are certainly pros and cons to each situation. How about I break down each one for you? With a new home the pros are: builder and manufacturer s warranties for the first few years, you get to pick exactly what you want in a home, you are...

Buying or Selling a Home: Best to buy a new or older home?, grouting tiles, obsolete features
grouting tiles, obsolete features, roof windows: Dear Stephen; First, I want to applaud you for thinking this through so carefully. You brought up so many good points that many forget when they are looking at homes and simply considering the price. To answer your question, Unless you are looking at...

Buying or Selling a Home: Best to buy a new or older home?, drip systems, garage door openers
drip systems, garage door openers, concrete step: Hi Stephen - Everything is about condition and the deal. We only have about a 2 month supply of new homes in Las Vegas right now, so developers are offering some incredible deals to sell the last of their inventory. But they usually don t come with...

Buying or Selling a Home: Buying a home with multiple buyers, tenants in common, multiple buyers of one property
tenants in common, multiple buyers of one property: Dear Ross: Thank you for your good question. In California where I am a Realtor, this form of purchasing property is not uncommon, especially with the tight economy that we are currently are experiencing. You are smart to start the process now instead of...

Buying or Selling a Home: buying a 2 family house with an illegal basement, basement apartment, legal reason
basement apartment, legal reason, brooklyn ny: Hello Guy, Thank you for your question. Maximizing the income in an investment is everyone s goal. It may be that the basement apartment is illegal and local codes may not allow for an apartment to be in the basement. You need to check with the local...

Buying or Selling a Home: buying foreclosure land, foreclosure auction, legal description
foreclosure auction, legal description, vacant property: No, you really do not need the legal description, Shu Yan, when you have an accurate map of the property if you intend to buy it. However, the legal description is required and is inscribed on the legal deed. Most people do not know nor do they care if the...

Buying or Selling a Home: capital gains?, capitol gains, tax accountant
capitol gains, tax accountant, tax preparer: Dear Jean: You will have to pay capitol gains, and if you are not sure of your tax accountant, then switch to one with your best interest. It will save you money in the long run. If you were going to reinvest the money in real estate you could do a 1031 exchange...

Buying or Selling a Home: closing, real estate brokers, independent attorney
real estate brokers, independent attorney, attorney fee: Dear Questioner: These are important questions that should have been adedressed to your lawyer, or another independent attorney, in order to be told if this is what was expected. And, I do not have a copy of your contract with the seller or your written...

Buying or Selling a Home: contract question, termite problem, contract question
termite problem, contract question, breach of contract: Hi Trina, In Colorado, it is a breach of contract to not disclose a material fact . The definition of material fact is slightly grey, because it has to do with what a reasonable person would need/use in making a decision. In my opinion, a termite problem...

Buying or Selling a Home: cosigning, lease obligation, question subject
lease obligation, question subject, necessary papers: You re a smart girl, Whitney. I ve been answering these questions for AllExperts.com for six years now and do you know what question subject is the most common? What to do with a house when a couple break up and one of them has to be responsible for the...

Buying or Selling a Home: Disclosure, Disclosure, contracts
Disclosure, contracts, real estate: Hello Rob - Lets begin with a disclosure that I am not a real estate attorney and you need to contact a real estate attorney in your area and discuss this situation. There are many potential HOA, local and state law, administrative code, common law, zoning...

Buying or Selling a Home: Duked by Selling Agent, disclosure document, dear al
disclosure document, dear al, top soil: If there was an erosion problem and they tried to conceal it, that is a disclosure issue. If they took a signature page from one disclosure statement and attached it to a new disclosure statement, that is a serious matter. It could be fraud. You would have...

Buying or Selling a Home: deeds/homeownership, dusty archives, property deed
dusty archives, property deed, abstract company: Somewhere in the dusty archives of your county recorder, Helene, is the title to the house to which you are referring. You never have to worry about the bank finding out who is the owner of a property. It is a matter of public record. They merely contact their...

Buying or Selling a Home: did not get a disclosure, property disclosure form, mandatory disclosure
property disclosure form, mandatory disclosure, bathroom flooring: Hi BJ, An attorney in your area can tell you if there is an Statute of Limitations in your State for this type problem. Since you are just now coming to terms with what is REALLY going on, I would suggest consulting with an attorney. If there is a Statute...

Buying or Selling a Home: discontinuing contract with agent, listing agreements, cancellation of listing
listing agreements, cancellation of listing: Shelley, I am sorry to hear about your husband. You will need to review your listing agreement to see what the cancellation policy is. Most listing agreements have a cancellation fee. Sometimes the agent s broker will waive the fee for certain circumstances....

Buying or Selling a Home: earnest money refund, contingency clause, loan denial
contingency clause, loan denial, money refund: Your Realtor should be working with you on the disposition of the Earnest Money (EM) if the home has been put back on market! If your Contract with the Seller had what s called a Financing Contingency, you SHOULD get your EM back! Some Contracts, however,...

Buying or Selling a Home: Finished Basement Paneling, putting up drywall, wood beams
putting up drywall, wood beams, attractive wood: Is the paneling painted? If not, this would be a good way to update the walls. I agree with your broker, do not take the paneling out and replace it with drywall. Prime it and paint it a nice light/very pale neutral color, like a light tan, yellow, green...

Buying or Selling a Home: Firing your realtor, negotiation period, ngoc
negotiation period, ngoc, bernstein: You have to read and see exactly what the contract says. That will spell out your obligation. Most times these contracts only refer to the specific property you are writing an offer on. If it covers anything you buy it will have a beginning and end date...

Buying or Selling a Home: Foreclosure Sale, first mortgage, t pay
first mortgage, t pay, court approval: Disregard any and all other liens and sales, Sandra. The first mortgage, from which you bought the property, wiped out any and all other liens. So, all you have to be concerned with is the loan you get to buy that property if you don t pay cash, and property...

Buying or Selling a Home: Which should come first..home buying, home inspection contingency, long island ny
home inspection contingency, long island ny, rule of thumb: CAROLANN-- Good questions!If you wait to make an Offer until; AFTER you ve had a Home Inspection done on a property, you MAY lose out to another Buyer, who didn t wait and has put in an Offer--and it s Accepted by the Seller! Once you re absolutely...

Buying or Selling a Home: after floclosure, first mortgage, second mortgage
first mortgage, second mortgage, stupid thing: Yes, Rose, they can at least try that. It doesn t mean they ll get it. You see, when they foreclosed, they foreclosed on the first mortgage which was a stupid thing for them to do if they are the same company that has the second mortgage. The second mortgage...

Buying or Selling a Home: foreclosures in omaha nebraska, flood insurance policy, certified mail
flood insurance policy, certified mail, silly program: I ll answer the 2nd question first, Mikala: Apparently your flood insurance you had was insufficient. It did not cover enough to keep the mortgage holder s safe. Otherwise, if it is enough, then you put your foot down and inform them via letter, sent via certified...

Buying or Selling a Home: Home Improvement Values, engineered hardwood floors, granite counter top
engineered hardwood floors, granite counter top, tile counters: These answers are my opinion only, based on my experience: 1) Kitchen.  Don t do granite, it s becoming dated and boring.  Explore some newer options or do something that is consistent with the period your home was built in.  For example, if you have a...

Buying or Selling a Home: Home Improvement, granite counter top, home improvement question
granite counter top, home improvement question, kitchens and bathrooms: Hi there, Well, if you can make a little money to put down on a still fairly cheap home, then go ahead and do so. I would say by about the time you re ready to sell, the market will have turned around at least a little. But you re right, you ll be either...

Buying or Selling a Home: Home Inspector Missed Something Huge, chris answer, rectangular shape
chris answer, rectangular shape, professional inspection: Ok, then. Thanks for the clarification. Your inspector shouldn t have missed that, and, even if he is a minimalist, should have commented on it. Strongly. Now all you have to do is figure out if he s still liable in the eyes of the legal eagles...

Buying or Selling a Home: Home Sale and Land, condo, townhouse
condo, townhouse, land: Russell: In specific real estate language, your question is hard to get a handle on. Does the land around a house convey when the home is sold? End Unit Townhouse in Washington, DC Here s what I think you mean: You own a townhouse, which legally...

Buying or Selling a Home: HUD 1 form!!, york stock exchange, new york stock
york stock exchange, new york stock, new york stock exchange: I don t know from which country you are from, Michelle, but I am sure the word you meant to use is bought (you bought it, the past tense for to buy), not brought, as you have used twice now. Brought is past tense for to bring. But to get to your little...

Buying or Selling a Home: home selling, home owners insurance, stationery store
home owners insurance, stationery store, leasee: Dear Wendy: I am not certain what you mean by renting to own . Here, in California, we might call it as a Lease Option or a Lease Purchase, where it is rented prior to the leasee making the actual purchase. If this is what you are considering, please understand...

Buying or Selling a Home: lien on home I purchased, garage conversion, bernstein
garage conversion, bernstein, escrow: Dear Cinnamon, You have to look at your original contract. Most will say that the property will be delivered free of all liens and will be delivered with clear title. If that is the case then you do have a case. Hope this helps Sue Bernstei...

Buying or Selling a Home: Mobile home on personal property, spokane county washington, proper authorities
spokane county washington, proper authorities, mobile home: Unless the mobile home was destroyed in a fire or other manner, they were not permitted to separate the two unless they fully paid for the property (home and land). Have they been paying you for the balance they owed you (I assume they only gave you a down...

Buying or Selling a Home: Can Mom back out of "contract", jessica bryan, taking the time
jessica bryan, taking the time, realtor: Dear Reba; Certainly your mother can back out of selling her home but may end up owing something to the listing firm. Since the contract usually involves some expenses on the part of the listing agent, she should read her contract carefully to find out what...

Buying or Selling a Home: mineral rights, jessica bryan, mineral rights
jessica bryan, mineral rights, county recorder: Dear Betsy; You can go to the county courthouse and speak to the registrar or county recorder. Have them pull the records on your property and see who the owner is. I do have to say that in most cases mineral rights are not privately owned. Good luck,...

Buying or Selling a Home: mortgagenotes, trust deed notes, mortgage investor
trust deed notes, mortgage investor, private mortgage: In this present kind of real estate market, Felix, it will be difficult to find private mortgage (or trust deed) notes. But if you work at it, you will be able to accomplish that. First, prepare a professionally written letter addressed to attorneys who...

Buying or Selling a Home: Do I need a license?, License, power
License, power, sell: Hello- This is an excellent question. You haven t told me what state your in, but according to MA laws, I know that a home owner can sell their own home without a license. I would think that ultimately the power of attorney means that the owner himself...

Buying or Selling a Home: new home contract, home contract, person credit
home contract, person credit, lease option: Finding a buyer for the house does indeed seem like your only route, Adam. However, there is another way: sell the house on a lease/option. Someone somewhere might be looking for a nice new house at a reasonable rent. You rent it to that person for, say, two...

Buying or Selling a Home: non disclosure of construction defect, construction defect, attys
construction defect, attys, tax expert: While I agree with the attorney (I hope it was a real estate attorney), there should have been a report of an inspection of the property at the time you bought the property, Allisson. Other than that, very simply go to the head of the lender s foreclosure...

Buying or Selling a Home: Problem with buyer not moving the maunfactured home, purchase receipt, company tomorrow
purchase receipt, company tomorrow, question thanks: That s why you have to see an attorney. He/she will write you a legal notice to the buyer advising that (something like) if the house is not moved within, say, 30 days, then they lose it and you will have the right to sell it again or yes you can recoup any...

Buying or Selling a Home: problem with new roof, roof issues, seller responsible for roof
roof issues, seller responsible for roof: Margaret, I am sorry that happened to you. Sellers are responsible for disclosing all known material facts. If the sellers knew there was a problem with the roof then yes, they have to disclose or they could be held liable. If they were unaware of...

Buying or Selling a Home: property line, fence line, trees and shrubs
fence line, trees and shrubs, legal survey: This is a common occurance, Jeff, especially out in the boonies or when there are empty lots next door. This happens when someone didn t want to pay for a legal survey sometime in the past. However, I think you are hinting that when a property line as been...

Buying or Selling a Home: Questions regarding buying a home, short sale, communication
short sale, communication, lender: Hello Jenny - There are multiple issues here. First, short sales require patience by the buyer. The term pre-approved means a prospective borrower has received an approval with stipulations from a lender on a previous property (fell out of escrow) and...

Buying or Selling a Home: Radon, radon test, old fashion
radon test, old fashion, matter of choice: Just a matter of choice, Liz. It all depends on the situation and the transaction. One thing that is good for both parties with email is that whatever was said and understood is now in writing so neither party can deny what was agreed upon. You take care....

Buying or Selling a Home: RE classes, houston association of realtors, real estate classes
houston association of realtors, real estate classes, association of realtors: Hello Landon, Easy question my friend. Simply contact the local Association of REALTOR in your area. Probably, the Houston Association of REALTORS or like that. I m sure directory assistance has them listed. Ask for the education department and they will...

Buying or Selling a Home: RE classes, real estate classes, landon
real estate classes, landon, classroom instruction: Hi Landon, while I am not in Texas I was able to get some information for you. Most states require classroom instruction, but some are coming into this century and offering online classes that meet the requirements to get your license. Here are a few websites...

Buying or Selling a Home: RE classes, classroom involvement, texas real estate commission
classroom involvement, texas real estate commission, clock hours: LANDON-- You should start by contacting the Texas Real Estate Commission to obtain information on exactly what one must do to earn a license to work as a Real Estate Agent in your area! Most states require a Candidate for a Real Estate license to complete...

Buying or Selling a Home: RE classes, jessica bryan, real estate classes
jessica bryan, real estate classes, community colleges: Hi Landon; You are welcome! The reason there is no place for feedback is because I requested that there not be. I do this as a service (have for many years) and find that worrying about feedback makes this a little competitive and sometimes less truthful....

Buying or Selling a Home: RE classes, local realtor, real estate classes
local realtor, real estate classes, nori: Dear Landon, Thank you for your letter. To get started, visit your local Realtor s association. You will get to know them real well after you get your license anyway, may as well go and get the low-down from them. Write back if any other questions. Nori...

Buying or Selling a Home: RE classes, real estate classes, local real estate
real estate classes, local real estate, landon: Hi Landon- Thanks for your question. I put real estate schools Houston into my search engine and came up with several places that offer training- some online or computer-based. I would suggest that you contact a local real estate company and/or broker you...

Buying or Selling a Home: RE classes, real estate classes, board of realtors
real estate classes, board of realtors, line education: Dear Landon: Some of the larger real estate companies may still offer classes, so call some of these agencies. If they do not, they may know who does. Also, from these companies, ask the name and telephone number of the local board of real estate in your...

Buying or Selling a Home: RE classes, board of realtors, real estate classes
board of realtors, real estate classes, google: Look at the TREC website and the TAR website. Or google online classes. Call the Houston Board of Realtors and ask them who offers classes. You should be able to find some. Or look at Real Estate Training Institute in Fort Worth, I know she can help you...

Buying or Selling a Home: RE classes, real estate classes, real estate licensing
real estate classes, real estate licensing, google: Hi Landon, Below is a link to a school advertising real estate licensing courses online: http://www.thetexasinstitute.com/lp/B3Texas.php?source=GPPC_TXGeo_OnlCor&_kk=online%20real%20estate%20classes&_kt=82f6f863-2ed5-4813-a36e-6c0009a598fc&gclid=CMmPkIrej5QCFRpknAodPB25hg...

Buying or Selling a Home: RE classes, board of realtors, real estate classes
board of realtors, real estate classes, community colleges: Try your community colleges. A lot of times they will offer online classes. You may want to call your local (county level) Board of Realtors. They should be able to steer you in the direction of education and licensing. Then you will have to call those...

Buying or Selling a Home: RE classes, real estate sales, obtaining a real estate license
real estate sales, obtaining a real estate license, real estate classes: Dear Landon; Being a Realtor in California, I am not familiar with the requirements for the State of Texas for obtaining a real estate license. I did a little research for you and if you go to the following two sites, you will get the information you need...

Buying or Selling a Home: RE classes, continuing education credits, gmac realty
continuing education credits, gmac realty, champion realty: I m not familiar with your area, but here in Maryland, you can take the initial licensing class through real estate companies. I took mine with Champion Realty which I believe is a fairly local company. Long and Foster here in Maryland also offers the licensing...

Buying or Selling a Home: RE classes, texas real estate license
texas real estate license: Landon, Here is the information on how to obtain a real estate license in the state of Texas: http://www.trec.state.tx.us/licenses/salesapp.asp I would also try going to google.com and typing in texas real estate license . There are many online options....

Buying or Selling a Home: RE classes online, Licensing, Pre-licensing
Licensing, Pre-licensing, classes: Hello Landon - The real estate licensee exam consists of two portions: the State portion; and the federal portion. Obviously, the state controls the education necessary to comply with state regulation and the aptitude necessary to possess a license. There...

Buying or Selling a Home: RE classes online, google search, real estate broker
google search, real estate broker, real estate classes: Perform a Google search using keywords such as real estate class and Texas or simply call your local board of Realtors. They should have that information on hand including several options as to where you can complete the necessary requirements to obtain...

Buying or Selling a Home: RE classes, texas aggie class, real estate classes
texas aggie class, real estate classes, real estate commission: Hey, Landon. The one I ve heard the most good things about is Real Estate School Online: http://texas.realestateschoolonline.com/ There s also the possibility that the Texas Real Estate Commission web site has some links. They are at http://www.trec.com...

Buying or Selling a Home: REO home for sale through a realtor, keller williams realty, broker associate
keller williams realty, broker associate, realtor: After a home becomes REO the bank hires a Realtor to sell it. The price is set at market value but because banks are desperate to sell they will usually accept much less. If you hire a Realtor to represent you, your Realtor will be able to find out how...

Buying or Selling a Home: Real Estate Classes Online, real estate sales, real estate broker
real estate sales, real estate broker, real estate classes: Hello Landon, Thank you for your question. Great time to get in to the real estate sales business as the market declines. You learn to work hard. Licensed agents can take continuing education online, but I believe you will have to take a classroom...

Buying or Selling a Home: Real Estate Classes Online, houston real estate
houston real estate: Hi Landon - I just did a google search for houston texas real estate school and came up with a list of schools. The two below were sponsored links meaning they paid to be on top of the search. Texas.RealEstateSchoolOnline.com www.TexasLicenseMadeEasy.com...

Buying or Selling a Home: real estate contract, real estate contract, time crunch
real estate contract, time crunch, breach of contract: Hi Patti, How frustrating for you. You can check with your attorney, but I far as I know the only thing you are entitled to is, to keep the deposit (earnest money). I wish I had better news for you. My advise to you is, I would put the house back on the...

Buying or Selling a Home: real estate contract time limit, Listing, expiration
Listing, expiration, buyer: Hello Mike - To begin - I apologize for the fact you have not received a response to your question. I replied the day after your posting. I do not know what happened. Please accept my apology for any role I may have played. Now, To the answer to your question....

Buying or Selling a Home: Who is responsible, earnest money deposit, jessica bryan
earnest money deposit, jessica bryan, repair request: Dear Carolann; I am hoping that you are being represented by an agent in this transaction and that you have a standard contract. In most contracts there is specific wording regarding repairs on inspection items. I can only speak to the wording that is in...

Buying or Selling a Home: Who is responsible?, contingency period, good answer
contingency period, good answer, roofer: Dear Carolann: Many years ago, real estate contracts here in California did state that the seller was to deliver systems and appliances in working order. This has been changed. Please examine your contract to see the status of your state area. What does...

Buying or Selling a Home: Sale Agreement, second thoughts, second thought
second thoughts, second thought, showings: So you didn t have second thoughts about selling. That is a little different. You signed a contract. The contract is binding unless both sides agree to cancel. Your research into the choice of an agent should have been done prior to signing the listing. ...

Buying or Selling a Home: Seller Disclosure Form, seller disclosure form, extreme rainfall
seller disclosure form, extreme rainfall, disclosure statement: Hi Scott, Thanks for your follow-up comments and question. The fact that the purchaser had a home inspection performed and for which the inspector said a water expert should be consulted regarding past water seepage into the basement is very interesting....

Buying or Selling a Home: Seller's Responsibility?, home inspection
home inspection: Hi Lisa - Mildew was discovered on the home inspection and the seller refuses to pay to have it remediated, correct? Did the home inspector also note what was causing the problem and put a price on the repair? Do you have a real estate agent representing...

Buying or Selling a Home: Selling without an agent, ceramic tile floor, formica counter tops
ceramic tile floor, formica counter tops, granite slab: Dear Linda; I will advise you as I do many of my clients who are considering making changes to their homes before they list them: Updates and renovations are excellent means to get a home sold quickly. Beyond that the cosmetic changes are for the owner...

Buying or Selling a Home: Selling a home in pa, termite inspection, home inspection
termite inspection, home inspection, termite: It is not mandatory that you do a home inspection. It depends on the type of financing a buyer is getting whether a home inspection is recommended by the lender AND whether or not a termite inspection is needed. With the changing lending guidelines...

Buying or Selling a Home: Selling a house while in chapter 13 repayment, san bernardino county, repayment schedule
san bernardino county, repayment schedule, chapter 13: Yes, Erin, this is a tough situation all right. If your parents have been paying on a chapter 13 repayment schedule it seems to me that they are getting along all right. But if they want to sell their house, it does not appear that they will be able to come...

Buying or Selling a Home: Selling house and land, great grandmother, property deed
great grandmother, property deed, legal documentation: Michelle-- When Dad died 8 years ago his estate should have been settled--probably through an Attorney or a Trustee who was to see to it that all Heirs got whatever Dad had left to them. Or if he had no Will, the State would have settled this matter. ...

Buying or Selling a Home: Settlement date issues, closing date issues
closing date issues: Typically speaking as long as you are closing at a reputable title company or through a good attorney the 2 parties can close on different dates. The actual ownership transfer will not be until both parties complete their closing and the money is there....

Buying or Selling a Home: selling, performance deadline, being held hostage
performance deadline, being held hostage, getting insurance: Hi, Sounds like you are being held hostage, which is NOT the way this business is supposed to work. Since I have not seen your Contract, I can only give you general information. If your Contract has language written in it that the Purchasers “have an...

Buying or Selling a Home: selling a condo, mortgage payments, chapter 13
mortgage payments, chapter 13, creditors: You should contact and talk with your attorney who will advise what you should do in your situation, Gloria. I think you will find that any and all assets you have will be used to pay down on your Chapter 13 obigations. In this kind of real estate market,...

Buying or Selling a Home: selling a home, title company, selling a home
title company, selling a home, heir: I would call a reputable Title Company in your area. If you are the heir in charge of the estate, you can sign papers. You may have to have the will probated before you can sign. Be sure and let the title company know what is going on. They can close the deal...

Buying or Selling a Home: selling my home, mortgage, foreclosure
mortgage, foreclosure, homes: Hi Adam, You can always sell a property prior to having it foreclosed upon! I am assuming that when you sold property B all the money you received on that went to pay down your mortgage? So that your total mortgage is now about $17k? Why not lower the...

Buying or Selling a Home: selling my home, weather woes, bad vibe
weather woes, bad vibe, economic disasters: I really feel that you get what you pay for - especially in real estate. In another market, maybe a seller s market, you might only require a flat fee to list on the multiple listing service. But, this is a buyer s market, and you are going to need a full...

Buying or Selling a Home: selling my home, bad vibe, suburb of cleveland
bad vibe, suburb of cleveland, blessed day: Dear Greg; Thank you for your response and new question. I am glad my advise may help you in selling your home. California has similar services… During hot markets a seller would add their home to MLS offering a 3% or 2.5% commission to the selling...

Buying or Selling a Home: selling my home, bad vibe, great lawyers
bad vibe, great lawyers, good doctors: GREG-- When working with any professionals, you usually get what you pay for. The really G-R-E-A-T Realtors--the TOP Listing Agents--typically DON T work in one of the FLAT FEE Companies! It s been my experience that Listings by the Flat Fee Companies...

Buying or Selling a Home: selling my home, bad vibe, go getter
bad vibe, go getter, agency relationships: Hi Greg; The advantage is the reduced fee; and if you are in an area where homes sell quickly this works quite well. However, it can be just one step up from a for sale by owner and you are not receiving the best marketing on your home. Since you already...

Buying or Selling a Home: selling a home in Texas, sell mortgage, existing mortgage
sell mortgage, existing mortgage, mortgage company: Only a divorce attorney can do that with legality, Heidi. My suggestion therefore would be for the divorce to proceed and the house gets sold as part of the divorce. That is the only way I can think of to force him to pay you. You need legal papers to force...

Buying or Selling a Home: selling my house, bad vibe, real estate brokers
bad vibe, real estate brokers, suburb of cleveland: Any opportunity to gain exposure is of value. Choosing every possible source of exposure would be greater than the value of your home, so you have to pick and choose which provide the best bang for your buck ! I have seen agencies that use MLS in their...

Buying or Selling a Home: is short sale the answer, short sale, sacramento
short sale, sacramento: Dear Rosivena; Thank you for your question. I am sorry to hear that you are part of this short sale scenario that is taking place in the Sacramento area. First, I don t believe that selling to a Canadian would be an issue, although the investors may have...

Buying or Selling a Home: Title Search on family acreage, distant cousin, royalty payments
distant cousin, royalty payments, family genealogist: Yes, you can do that. But don t expect it to be free. At the county records department you can do it on your own with a little guidance from the people there. Should be no charge. The title search company might do it for a small fee especially if they are...

Buying or Selling a Home: upgrades for first time home buyer, central vacuum system, wood laminates
central vacuum system, wood laminates, 1st time home buyers: Dear Pam; Increasing the value of your home by adding permanent features that are not cosmetic is always a wise idea, but it seems like you have some other concerns that might take precedence. Health concerns that will require more green features are also...

Buying or Selling a Home: waiting for acceptance of an offer, neighborhood bank, problem loans
neighborhood bank, problem loans, mortgage companies: Hey, Donna. This market caught a lot of Realtors off guard, especially those with less than 10 years experience, because they were coasting along on cruise control in a seller s market and had never been through a downturn, especially one like this. ...

Buying or Selling a Home: Back out, twenty four months, one of my best friends
twenty four months, one of my best friends, control thanks: Good evening Joe, Great question, which I have seen many times. I will just bet, the Developer will provide justification for any delays and is fully prepared to show these events causing the delay were beyond his control . What you can hope for is...

Buying or Selling a Home: ??, condex, cul de sac
condex, cul de sac, luck jim: KEL-- If a CONDEX is the same as a ZERO LOT LINE Home, I can help you some--but if it s not, I ll have to refer you elsewhere. Read on! In many Real Estate marketplaces, Duplex-style Buildings are placed on two side-by-side lots, with the Common...

Buying or Selling a Home: 1031 exchange and quit claim, exchange accommodators, john hendricks
exchange accommodators, john hendricks, accommodator: Dear Elizabeth; You asked some very good questions, and although I am involved with a large number of 1031 exchanges, I always consult with my professional consultants in these specific areas before recommending a course of action. Being a Realtor in the...

Buying or Selling a Home: age, mom dad, strange system
mom dad, strange system, informercials: Hey, Rayneal. I m not sure I understand your question. Are you talking about an owner getting behind on his taxes, having the tax assessor take the property, and then either the owner or someone else buying it by paying the back taxes? States dictate how...

Buying or Selling a Home: agent commissions, agent commissions, paperwork
agent commissions, paperwork, lori: It is legal and ethical as long as 1) The Seller agreed, and 2) it s in the listing paperwork. The same is true for the opposite... many times listing agents reduce their commission but offer a full commission to the buyer s agent. As long as they re honoring...

Buying or Selling a Home: agent contract to sell, waiting in the wings, agent contract
waiting in the wings, agent contract, protection clause: You go to your agent and ask that same question, Deanne. He/she may say that advertising money has been spent for which you would have to pay back. That s the first thing. But ask them for an accounting before you decide to pay them. If you do not get satisfaction...

Buying or Selling a Home: Backing out of a contract, home buying Maryland, real estate contract maryland
home buying Maryland, real estate contract maryland, buyers agent maryland: Before giving you the answer to your question, I wanted to share some thoughts with you about the buying process. In this market, with your criteria, there could be potentially hundreds of homes in the right price range, near good schools with a deck, fenced...

Buying or Selling a Home: Bad inspector, hot water heater, itams
hot water heater, itams, inspection time: Hey, Debbie. Don t give up yet! Since you re in Michigan, do this for me: Go to http://www.nachi.org. Find their message board and register as a user. Post there the exact same question as your original question here. You ll get a lot of responses, and...

Buying or Selling a Home: Becoming a Realtor, becoming a realtor, foreclosure rates
becoming a realtor, foreclosure rates, realtor association: Dear Dondy; The real estate profession has long been thought of as a nice little job for people who want to pick up lots of extra cash. Many think that they can do this part time. I have found that they are not very successful and do a very poor job since...

Buying or Selling a Home: Breach of contract, escrow instructions, loan docs
escrow instructions, loan docs, breach of contract: Elena, You have the right to cancel if the buyer does not perform. However, it is difficult to cancel if the escrow is just a few days late in closing. Many addendums discuss that escrows are complex and may not always close exactly on time. In California...

Buying or Selling a Home: Buyer's remorse, financial obligation, due diligence
financial obligation, due diligence, wrong decision: Hi Annie, there certainly is and that is why most contracts give you a due diligence period to take a look at the house and see if it meets your expectations after all inspections. Making this type of investment is a huge financial obligation. It is not...

Buying or Selling a Home: Buying an apartment converted to Condo, fha loan, paperworks
fha loan, paperworks, sellers agent: The real question is whether or not you had a loan contingency, and whether or not you REMOVED that contingency through your agent. You need to ask him/her about that. If you have NOT removed it, you are due back your money. If you did remove it, you are...

Buying or Selling a Home: Buying a Corner Lot House, new housing development, pine trees
new housing development, pine trees, former model: Dear Lynn, There is differing opinions on whether corner homes are preferable or a negative. Many people like corner homes as it means you don t have houses on all sides. When you go to sell everything will depend on your pricing. The same reasons the...

Buying or Selling a Home: Buying out ex-boyfriend, refinance, cash-out
refinance, cash-out: It sounds like what you need to do is a refinance/cash-out in your name alone. You should speak with a mortgage professional or bank/lender about this. Since you have equity in the home this is possible so long as you qualify for the new loan on your own....

Buying or Selling a Home: Buying A Home, financing in the US
financing in the US: Hi Lisa You could lose all that money depending on the contract which you signed. I am not a lawyer and I work in mortgages but in Panama City Panama and banks and requirements for mortgages are different here from there. I suggest you ask another...

Buying or Selling a Home: Buying a Home with Code Enforcement violations, bank owned reo, 203k loan
bank owned reo, 203k loan, code enforcement violations: The bank isn t going to be able to sell the home without a clean title... your agent needs to contact the bank and ask them if they intend to pay the lien. If they don t, and you really want the house, write the deal so that the bank pays the lien up front...

Buying or Selling a Home: Buying a Home with possible termite damage, termite inspector, termite inspections
termite inspector, termite inspections, termite damage: Hola Steven, Happy 4th of July!!! My take on these type of sales, AS IS in truth is just that. I would have a close look at the Disclaimer Statement the Seller is offering, possibly there are certain conditions that give some recourse however, you,...

Buying or Selling a Home: Buying home with non permit improvements, electrical plumbing, earnest money
electrical plumbing, earnest money, local county: Hi Jennifer, I would call the local County Inspection Department office for the area where this property is located and ask them your question. Based on the answer you receive, you need to address their answer in any written offer you make to this Seller....

Buying or Selling a Home: Buying a house in SD, lower mortgage, heisler
lower mortgage, heisler, mortgage rate: Hello- It s really depends on who s offering the lower rate and what the rules are. In most areas, you can t buy a house without putting your wife on the mortgage, and if she s on the mortgage, generally she s on the deed. But that s just basic situations....

Buying or Selling a Home: Buying Land for home in VA, hi tim, western portion
hi tim, western portion, raw land: Hi Tim- Thanks for your question. First, you need to find a good buyer s agent in the area you are interested in. If you don t know anyone in that area who can recommend someone, I would begin by looking on the internet and interviewing, via phone and/or...

Buying or Selling a Home: getting out of a buyers agent contract, buyer agency agreement, nut shell
buyer agency agreement, nut shell, contractual problems: Hi Donna, Sorry to hear of your problem. I would suggest first that you read your Buyer Agency Agreement carefully. A Buyer Agency Agreement is a legally-binding agreement. You have obligations to the agency, but the agency also has obligations to you....

Buying or Selling a Home: buying now?, Market, purchase
Market, purchase, home: Hello Elizabeth - There are obviously many factors that go into your decision as to whether this is a good time to buy. When prices are low and the interest rates are low then typically that make housing more affordable and it would trigger the mind to imagine...

Buying or Selling a Home: buying home with fiance, using maiden name, need to change name on title later to married last name?, tenants in entirety, henrico county
tenants in entirety, henrico county, right of survivorship: Hi Rachel- Thanks for your question and congratulations on your home and marriage! I actually checked with a title agency on this one. There are different ways of taking title for unmarried couples vs. married couples, joint tenants with the right of survivorship...

Buying or Selling a Home: buying repo home, investment, bank owned
investment, bank owned, REO: Hello Jada - Please excuse the delay in my reply as I was out of the office this weekend. You do not need to obtain a loan if you have the money to pay cash in the bank, or the money is liquid enough to close within the time frame agreed with the seller. It...

Buying or Selling a Home: buying a for sale by owner, time home buyers, first time home buyers
time home buyers, first time home buyers, writing a journal: Dear Adam, You definitely should be represented by an agent. How that agent is compensated is whatever you work out. It would be totally unethical for the agent to list the house and not represent you to the fullest. Many times agents will get a 1 party...

Buying or Selling a Home: Choosing Realtors?, real estate transactions, local community college
real estate transactions, local community college, real estate marketplace: HI,RON & CHERI-- I really appreciate your desire to LEARN how to invest in Residential Properties! Too many people begin investing without enough knowledge of the Real Estate World to even understand the special language that s used. There s a saying...

Buying or Selling a Home: Choosing Realtors?, spinning their wheels, s broker
spinning their wheels, s broker, working with others: Cheri and Ron, You can have more than one realtor working for you as long as you do not sign an Exclusive Buyer s Broker s Agreement. It is ethical and legal to have numerous realtors since each is motivated to find you the right property to earn their...

Buying or Selling a Home: Choosing Realtors?, mls multiple listing, professional designation
mls multiple listing, professional designation, multiple listing service: Hi Cheri and Ron, thank you for your question. Many consumers believe that using more than one real estate agent will find the property they are looking for faster. When infact, that is not the case at all. ALL real estate agents who are REALTORS (this...

Buying or Selling a Home: Choosing Realtors?, relationship contracts, wealth building
relationship contracts, wealth building, building tools: Hi Guys, Congratulations on your decision to invest in real estate! It is one of the best wealth building tools out there. Yes, you can use more than one Realtor, just be up front and honest to all of them. You would not be able to sign any exclusive...

Buying or Selling a Home: Choosing Realtors?, buyer agency agreement, whatever your reason
buyer agency agreement, whatever your reason, buying a property: Hello Cheri and Ron; Are you thinking of having the three Realtors looking for properties in the same area? If so, I question your reasons. One Realtor can certainly do the job and do it well. All agents can access the MLS and will not have any reason...

Buying or Selling a Home: Closing costs, good faith estimate, 7 months
good faith estimate, 7 months, closing costs: Hi Pablo, typically 3-7 months of taxes will be collected at time of closing. Most typical is 3 months. What happens is that your monthly payment will include taxes in the total payment. So your account will be saving up as it were, to pay the taxes when...

Buying or Selling a Home: Considering a Corner Lot Property, new housing development, railroad yard
new housing development, railroad yard, property inspector: There are too many unknowns, Lynn. There are too many questions that need to be settled before you can ascertain the value of any property. 1. How far is the property from conveniences? 2. Is the housing development any where near a negative, like manufacturing,...

Buying or Selling a Home: Considering a Corner Lot Property, new housing development, increasing traffic
new housing development, increasing traffic, traffic studies: Hi Lynn, Wow, this is a loaded question. Without having seen the property or the subdivision, I can only give you general answers. First, whatever objections you have to this property will most likely be the same objections a future buyer will have...

Buying or Selling a Home: about changing a seller's agent, best bet, lending institutions
best bet, lending institutions, trying times: Dear Yan: T really applaud you for having morals. It is not a usual approach in the real estate business during trying times. It is a very scary financial scene out there, and most buyers are fearful. Sometimes they would rather wait and buy when the market...

Buying or Selling a Home: about commission, brokerage fee, legal perspective
brokerage fee, legal perspective, confus: Dear Yan: As I am not an attorney, I am not going to give a legal perspective to your contrat terms. To do this, you need to go to an attorney. Generally and informally speaking, you should not enter into any other listing agreement until or after your...

Buying or Selling a Home: construction contract/cancel broker, construction contract, law books
construction contract, law books, real estate agent: Forget it, Kathy. It s even in the law books, even Oklahoma s: In real estate, if it is not in writing, it was never said. So, you can tell your agent that because you did not sign anything with her, you have changed your mind, and the company who is handling...

Buying or Selling a Home: contingency aggrement, pulte homes, 5 months
pulte homes, 5 months, cma: You should have hired a Realtor to represent you... the builders use their own contract that is not the same as the standard Ca. Buyer s Agreement, and therefore you will need to find a Realtor you can hire to read over your contract and advise you on what...

Buying or Selling a Home: get out of contract, sales contract, worst case
sales contract, worst case, good luck: It depends on what the contract says on your current home. Read it carefully. Normally you know whether or not your financing will work on a new purchase before you accept an offer on your current home. Sometimes situations and finances change though. ...

Buying or Selling a Home: getting out of a contract, legal recourse, hope mary
legal recourse, hope mary, financial hole: If your attorney (hopefully he/she is a REAL ESTATE attorney) says there is no hope, Mary, I certainly am in no position to dispute that stand, especially since I have not seen your purchase agreement. According to what your attorney said, you have dug yourself...

Buying or Selling a Home: getting out of a contract, Finance, loan
Finance, loan, builder: Hello Mary - There are two thoughts... mutually and contractually. First you should always talk directly to the builder to arrive at some mutually accepted position. Second is contractually. You cannot close on a property if the lender will not provide the...

Buying or Selling a Home: getting out of a contract, remax team, legal recourse
remax team, legal recourse, christine lane: Dear Mary; Unfortunately I can not answer your question properly. I do know of a Realtor in NJ that will be able to help you. She has been a Realtor in NJ for many years and is knowledgeable in contract law. The following was her response to a note I sent...

Buying or Selling a Home: contracts, real estate broker, order of protection
real estate broker, order of protection, time is of the essence: Hello Marylee, Thank you for your question. Tell your lawyer to request the contract be returned. It sounds like a problem. Have your real estate broker start showing the house again. Reduce the price to what you accepted from these people. ...

Buying or Selling a Home: default contract, wireless signals, binding agreement
wireless signals, binding agreement, specific performance: Hi Eric, I apologize for the delay in responding. I am out of town and have had problems receiving wireless signals on my laptop. The Contract of Sale is the document that prevails when any problem arises with a transaction, and the terms therein will...

Buying or Selling a Home: disclosure, ceramic tile flooring, roof tiles
ceramic tile flooring, roof tiles, tile floor: Hi Cindy, I understand that you offered a $6,000.00 allowance for the tile flooring and that this was apparently listed in the MLS information. In addition, this Purchaser also had a home inspection done which did not mention the flooring, and neither...

Buying or Selling a Home: Earnest Deposit, denial letter, realestate agent
denial letter, realestate agent, time home buyers: Regina, It depends on the contract. If the contract indicates there are no contingencies and the money is non-refundable, you may have a difficult time. If the contract does not specify or one of the contingencies is your ability to qualify, you may have...

Buying or Selling a Home: Earnest money, loan denial, credit denial
loan denial, credit denial, repc: This is what I would do, Kati: I would say, Hold it! Let s start this ballgame all over again. Ms. Buyer, we still want to sell this condo. The condo is now approved by FHA. Do you still want to buy it? If she says no, then give her back her deposit and...

Buying or Selling a Home: Escrow/Selling, real estate professionals, time clocks
real estate professionals, time clocks, law suits: I am hoping that you will do something. It is people like that seller who gives the real estate professionals a bad name, Sellers like that who give misleading information that later causes problems for other sellers and buyers because of phony comparables....

Buying or Selling a Home: FHA 203K, Conventional Rehab Loan, fha 203k loan, conventional mortgage loan
fha 203k loan, conventional mortgage loan, mortgage loan products: JAY-- In addition to the FHA 203K Rehabilitation Loan, Fannie Mae similar product they call a HOME STYLE Loan! Both of these loan products are available to qualified Borrowers and provide for BOTH Purchase Money AND funds to be used to Rehab, Renovate...

Buying or Selling a Home: FHA qualifications, fha qualifications, mobile home owner
fha qualifications, mobile home owner, fha loan: If the bank is making you an FHA loan. They are required by law to give you the guidelines. As some of those guidelines vary from state to state, It is best to get them from your bank that is making the loan. That is their job, and the job of your REALTOR....

Buying or Selling a Home: Fiduciary Responsibilities and Disclosure, small claims court, monetary limit
small claims court, monetary limit, returning to canada: Dear Jim: Your agent relied upon another agent s listing sheet that stated that there was a carport and assigned parking. The listing agent should have put in writing that this was an error during the negotiations. I think she is the one to be held accountable....

Buying or Selling a Home: Find a lender that will do a loan on land equity, bankruptcy lawyer, car repossession
bankruptcy lawyer, car repossession, bankruptcy attorney: This is a matter for a bankruptcy attorney, Jeff. You need to do a chapter 7 where you do not have any payments, but you most likely would need to pay the attorney up to $2,500 up front, depending on the complication of your case. As for the land parcel, very...

Buying or Selling a Home: First time home buyer, good faith estimate, fha loans
good faith estimate, fha loans, debt to income ratio: Dear Pablo; It seems to me that some of these questions can be answered by your mortgage broker. If you want to check with a few others, then call some local lenders and see what they have to say. 7 is high for closing costs. I can t see why it was quoted;...

Buying or Selling a Home: Foreclosing a Owner Financed Home, pueblo west, legal answer
pueblo west, legal answer, promissory note: Hi Charlene, The legal answer is.... whatever is written in the promissory note or the deed of trust as consequences of nonpayment. All of the notes I own, I have specific language that allows me to foreclose on the property in instances of nonpayment....

Buying or Selling a Home: Foreclosure, part time jobs, loan modification
part time jobs, loan modification, mortgage payment: Hi Michelle - Sometimes bad things happen to good people. As I understand it, you re not currently behind in your mortgage and you are working with your lender who gave you a loan modification and put the back payments on the end of your loan. But now...

Buying or Selling a Home: Foreclosure homes and Realtor Fees, buyer agency agreement, realtor fees
buyer agency agreement, realtor fees, foreclosure homes: Not necessarily, but that is the way it should be in my eyes. If the buyer does pay his Realtor fees, then the buyer can be rested and assured that he will be represented exclusively by that Realtor. The Realtor would then negotiate a price that should compensate...

Buying or Selling a Home: Foreclosure in Nevada, irs tax lien, tax lein
irs tax lien, tax lein, irs lien: It sounds like the IRS is in first position in this situation, and if the lien was filed before the refinance was put in place, the mortgage lender may have a claim against the title company, though that would be depend on if the lien was actually recorded...

Buying or Selling a Home: Becoming a Realtor, full time real estate, jessica bryan
Buying or Selling a Home: Becoming a Realtor, full time real estate, jessica bryan, day job

Buying or Selling a Home: getting out of a buyers agent contract, legal headache, military town
Buying or Selling a Home: getting out of a buyers agent contract, legal headache, military town, gray area

Buying or Selling a Home: fha 203K loan for mobile home on private property, fha 203k loan, fha appraiser
fha 203k loan, fha appraiser, double wide mobile home: Hey BARB-- Welcome back! If this is an AS IS--WITH REPAIR ESCROW, and your Son has ALREADY signed papers & made a Bid,it is STILL a good idea to have a HOME INSPECTION (Not an Appraisal) done to find out as much about the property s condition as possible...

Buying or Selling a Home: where to find VIN on 1958 G Lakes home, master bedroom closet, laundry area
master bedroom closet, laundry area, siding: Hi Karen....yes, I have had to pull off a few panels in my time. I m curious as to why the title, or registration is not part of the transaction.How would you even know if the person selling it has the right to do so? OK...lets start the easy way: Look...

Buying or Selling a Home: Historical home, earthquake standards, architectural significance
earthquake standards, architectural significance, nitpicky: Hey, Wendy. There should be a historical house committee in your town. Call the tax assessor/collector or the building department or phone information to find them. Many cities do abate or lower property taxes for historical properties. However, there...

Buying or Selling a Home: NO HOA Resale certificate at closing, legal recourse, resale package
legal recourse, resale package, board of realtors: Hello John, I have never been involved with a REO sale which makes me less than knowledgeable in the rules. To begin, a home purchased under an AS IS disclosure pertains only to the physical structure and grounds. It has nothing to do with legal issues...

Buying or Selling a Home: Home Improvements, red hue, home improvements
red hue, home improvements, good shape: What is the style of your home? I would stay away from anything too dark, and stay away from anything with too much glossiness. Make sure you get a real hardwood floor (not engineered) and you should be in good shape no matter what you pick. Wide plank...

Buying or Selling a Home: Home Inspection Contingency, home inspection contingency, nickel and dime
home inspection contingency, nickel and dime, glenda: Hello Glenda, Contact the Broker for the office that your agent works for, that is what they are there for and if that contingency be added now, you will need their help. You can always perform the inspection though without the contingency, the Seller...

Buying or Selling a Home: House not appraised high enough, quick-sale, short sale
quick-sale, short sale: Hi Linda - I ll answer this in two parts - first, I have never heard of a quick-sale... she may mean a short sale or she was possibly speaking of a quit-claim deed and confusing the two terms. We discussed the short-sale option in the first email.. if you...

Buying or Selling a Home: home foreclosure inspector and cleaning, foreclosure inspector, foreclosure specialists
foreclosure inspector, foreclosure specialists, professional home inspection: Hey, Dena. It s probably going to be a fight to get started in both those businesses (cleaning and inspecting), but that doesn t mean that it can t be done. Before you begin, though, determine what your cost of doing business is. Then you can determine...

Buying or Selling a Home: home inspection/disclosures, basement seepage, paper pusher
basement seepage, paper pusher, rain storms: Hi Jennifer, Wow, what a nightmare! I find it extremely hard to believe that the previous owner did not know about these problems. If the previous owner did not disclose any of this, I would seek legal advice – and don’t wait too long to get started....

Buying or Selling a Home: homes, variable rate loan, fixed rate loan
variable rate loan, fixed rate loan, case situation: Dear Felicia… Thank you for your question… Unfortunately, you did not give me the geographical area where you are located. It really depends on the location, economic conditions of your city or county, and more importantly the history of the neighborhood...

Buying or Selling a Home: homes, jessica bryan, spring market
jessica bryan, spring market, broker fees: Dear Felicia; Unless you purchased the home at below market value and suddenly values have risen, I would say that you will probably lose money on the sale of the home. This is particularly true since the Spring Market was a better time to sell than right...

Buying or Selling a Home: house purchase deposit, toxic black mold, satisfactory inspection
toxic black mold, satisfactory inspection, crawl space: Hi Nina, I don t want to second guess your attorney, but is he/she a Real Estate Attorney? Many attorneys do other kinds of law and only occasionally do Real Estate. Others do Real Estate as their main practice. I m sure your attorney is doing a good job...

Buying or Selling a Home: Interested on buying a pre-foreclosure house, boulevard street, ling wu
boulevard street, ling wu, sugar land tx: I can t give you a price range. You should find out what the prices are for homes currently for sale in that development are, and what prices homes have sold for in the past 6 months. Buying in a development where there is a lot of construction will make...

Buying or Selling a Home: Las Vega, nv, quick claim deed, deed mortgage
quick claim deed, deed mortgage, divorce attorney: The way I see it, Mark, is as long as the HELOC is NOT a lien on your house then you can continue to make the payments on it to save the credit of your wife. If it is a lien on your house, it is going to be wiped out by the foreclosure of the first trust deed...

Buying or Selling a Home: Listing FSBO, cabos san lucas, realor
cabos san lucas, realor, contract negotiations: Yes, I am, though I have been living and working in Cabos san Lucas for the past two years so all the specific language I do not have memorized. If there is language in this agreement that you feel does not represent what you are agreeing to, simply...

Buying or Selling a Home: LOST MY HOUSE, sellers agent, lead paint
sellers agent, lead paint, dear mrs: If you have not signed a back up addendum, then you are not back up on anything. I believe if I was you, I would move on to another REALTOR and another house. Check and see who has been in the business in your area for a long time, and maybe is a Board member...

Buying or Selling a Home: who's liable, legal recourse, old clothes
legal recourse, old clothes, dear mike: Dear Mike; Not knowing what the Seller s disclosure form looks like in your area, I am not sure if there was a question that was asked on the form about fires. If the Seller didn t disclose something that they knew about then there is a potential lawsuit....

Buying or Selling a Home: listing, jessica bryan, good luck
jessica bryan, good luck, three months: Dear Frances; You should call the managing broker to discuss your feelings. The manager needs to give permission to release you from the contract. If you don t get permission, I m afraid that you will be stuck with them for three months since you signed...

Buying or Selling a Home: about listing related expenses, jessica bryan, multiple listing service
jessica bryan, multiple listing service, typical expenses: Dear Yan; I don t know what your contract says since all contracts are not alike. However, most listing agreements, once expired are no longer valid and there is no need to reimburse that agent. You should read the agreement carefully to understand all...

Buying or Selling a Home: mortgage loan, dear yvette, owner occupier
dear yvette, owner occupier, offer and compromise: Dear Yvette; Thank you for your question… Unfortunately, past experience with my clients in the same position leads me to believe that your tax lien/offer and compromise would be a problem in securing a decent loan even with a co-signer. Since you would...

Buying or Selling a Home: Nondisclosure and house making family sick, active duty military, drainage issues
active duty military, drainage issues, water leaks: If your attorney only got you $400,000, S te, I would strongly suggest you find an attorney who really empathizes with what you have recited to me. Further, make sure you sue the lender for the amount of the loan, at least. As for the mortgage, if it was me,...

Buying or Selling a Home: online degree, real estate license, career in real estate
real estate license, career in real estate, independent contractors: Craig, I do not know where you live but in most places a real estate license is a real estate license and it does not matter how you get it. In most places real estate agents are independent contractors who make money based upon their ability to sell property....

Buying or Selling a Home: Plumbing, seller disclosure statement, plumbing job
seller disclosure statement, plumbing job, plumbing work: Hello Barbara, That you have now lived in this house for one and a half years, you are probably not going to get any further help from the previous owners but, there is no harm in trying. While I do not place some blame on your REALTOR, they should had...

Buying or Selling a Home: Preforeclosed apartment, foreclosure, eviction
foreclosure, eviction: Hi Mindy - The answer is yes. Because he still owns it, he can still collect rent and if you refuse to pay, he can evict you. You didn t mention what state you re in, so I don t know how long the owner has to stop the foreclosure. Also in some states,...

Buying or Selling a Home: pre foreclosure, deed in lieu of foreclosure, california realtor
deed in lieu of foreclosure, california realtor, john hendricks: Dear Doug; Unfortunately, unless you have a secured note such as a 2nd deed of trust on her property, you would not be able to take over the home by way of a Deed in Lieu of foreclosure. If you brought her payments up to date, and she was to quit claim...

Buying or Selling a Home: We are in pre-foreclosure stage with HOA fee issues, hoa fee, hoa dues
hoa fee, hoa dues, forec: If I were him, Jennifer, I wouldn t pay another dime to anyone. Nobody can hurry up a foreclosure process. Anybody behind the first mortgage would have to bring the first current if they would take over as the main forecloser. Save what you can to help you...

Buying or Selling a Home: process to sell mobile home in sonoma county, ca, sonoma county ca, mobile home park
sonoma county ca, mobile home park, mobile home financing: Hi Tracy....if you want the easiest way to do this, follow these instructions. 1. Contact a mobile home dealer who the park may refer. They will charge the buyer, not the seller for their fees (ALL)! Including escrow....do not think of this as a real...

Buying or Selling a Home: purchase of lot, mail, next morning
mail, next morning, realtor: Number one, apparently, Kristia, the property must be in the northern half of this country, or maybe it was Texas. But second and most important, Kristia, is that it seems you did not have the deal written on an agreement or contract. Please keep this in mind:...

Buying or Selling a Home: i just purchased a home and i got a bill of sale, moblie home, arrearage
moblie home, arrearage, new reg: Kizzy....go to your states Housing and Community Development office with all the paperwork and # s you can get off the home....they will mail you the new reg. and title...probably $25-50 for duplicates. I always advise buyers to go through escrow....right...

Buying or Selling a Home: purchasing a home, mortgage payment, mortgage company
mortgage payment, mortgage company, loan process: Hi Maria- Thanks for the question. If the owner has a mortgage on the house, it generally includes escrow for taxes meaning that payment for the taxes is collected as part of the mortgage payment and paid by the mortgage company. It is possible this may not...

Buying or Selling a Home: Question about inspection, sunnyvale california, contract states
sunnyvale california, contract states, real estate agent: It would seem the buyer would be the party obligated normally to provide the inspection report. You need to look at the contract to see what is indicated to determine what you are obligated to provide. If the contract states that you are obligated, it does...