About Experts Sitemap - Group 8 - Page 3 2014-07-22

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Buying or Selling a Home: Buying / Renting home after MHAP modification, transfer interest, renting home
transfer interest, renting home, buying a house: Good luck, April, because your house-purchasing credit may not be as strong as a lender might require, especially with the fact that you have just started a new job. A new job has always been a negative factor in buying a house, even in the best of times....

Buying or Selling a Home: bankruptcy and short sale, bankruptcy process, bankruptcy judge
bankruptcy process, bankruptcy judge, bankruptcy attorney: You should pose that question to a bankruptcy attorney, Belinda, to make sure you understand the process, but in any sale of a property that is subject to a bankruptcy everything is frozen until the bankruptcy judge has released the property from the process....

Buying or Selling a Home: To buy, or not to buy: that is the question., kansas city missouri, missouri area
kansas city missouri, missouri area, teaching job: Right now is a buyers market for the first time in years. I happen to be in the MLS that contains all of North Texas including Dallas. Definetly a good time to buy and if you have to sell in one year, you should recoup your money if you buy the type of house...

Buying or Selling a Home: To buy or not to buy?, kansas city missouri, least five years
kansas city missouri, least five years, personal philosophy: Hey, Renee. My own personal philosophy is that I should plan on living in a house at least five years before selling it in order to be able to sell and make money, so if I were in your shoes, I would continue renting until my location was definite. The...

Buying or Selling a Home: buying a short sale, buying, selling
buying, selling, investing: Hi Ester... you do not inherit the debt of the prior seller... the seller may get a 1099 and own income taxes on the unrecovered debt... so these can be a very good thing for buyers in todays market... they just take a while to get approved... do...

Buying or Selling a Home: buying out spouse, jessica bryan, what this means
jessica bryan, what this means, claim deed: Find out if your state uses a quit claim deed and if so access one on some legal forms website. What this means is that your wife will relinquish her interest in the home and all claims on future profits. If you have a loan on the home(mortgage) you should...

Buying or Selling a Home: Cancelling a home purchase, jessica bryan, state of california
jessica bryan, state of california, due date: Dear Dan; A home can be listed as active (for back up offers) right up to the closing. Since it appears that the sellers have instructed their agent to change the listing to Back on Market they may have been alerted to the fact that you are not going to...

Buying or Selling a Home: cancelling agreement to sell home, duress, cancelling a contract
duress, cancelling a contract: Hello Connie - Taking your home off the market because your plans have changed is legal. Refer to your contract for terms regarding cancellation, temporarily off-market, or off-market. It is not normally considered a breach of contract if you elect to take...

Buying or Selling a Home: closets, wardrobe space, jessica bryan
wardrobe space, jessica bryan, personal preference: Dear Robin; While your husband may like the look of Armoires they do nothing for the value of the home. A room without closets is usually not even considered a bedroom. For resale, unless the Armoires are included in the sale of a home the bedroom will...

Buying or Selling a Home: deliquent tax property, real estate broker, delinquent tax list
real estate broker, delinquent tax list, local real estate: This is a precarious thing to do, DW. You don t say in what state the property is located. Each state has its own tax-delinquent foreclosure rules. You will have to talk with a good local REAL ESTATE attorney. That person will know the property s laws. ...

Buying or Selling a Home: disclosure, remediation plans, jessica bryan
remediation plans, jessica bryan, extenuating circumstances: Hi Edward; Any time a Seller has knowledge about a home that is significant information and/or a material fact that might affect a Buyer s decision to make an offer on a home or even how much to offer on a home; it is essential that this information be disclosed...

Buying or Selling a Home: excluding persons from agents commission, luck mike, leiu
luck mike, leiu, mobile homes: Hi Michael...I guess that particular agent doesn t need the business! I don t know the state you are in, but I write clients desires on contracts all the time. Remember, I do mobile homes in California, not real property. You are the boss , and good...

Buying or Selling a Home: exclusive offer, contingent sale, real estate
contingent sale, real estate: Mike- What you have indicated is reasonable. However, assuming you (your agent/their agent) are utilizing the California Association of Realtors contract and specifically the Contingency for Sale or Purchase of other property contract, note at item A. 6....

Buying or Selling a Home: Failure to Disclose, disclosure
disclosure: Did you have a Buyer s agent? The listing agent should have provided a Seller s Disclosure and if it wasn t on there, and you can prove the seller knew it, then the seller is liable. Ask your attorney. He can look at your documents you signed and tell you,...

Buying or Selling a Home: Failure to disclose issue in Arkansas, Water Rights, Precedence
Water Rights, Precedence, Good neighbors: Hi Tim, First your friends need to check their deed and County records to see if the neighbor has a legal right to the water. If they do, end of discussion. But if they do, then they should share expenses on any well problem on the well itself. Also, it should...

Buying or Selling a Home: Financing a property that's "as is", hard money lenders, hard money lender
hard money lenders, hard money lender, high interest rate: Never, never do or pay for any work on a house until that house is in your name, Dennis. I could stop there and that would be enough. However, there are ways to handle this transaction. You can ask the bank if they will indeed put the necessary funds in...

Buying or Selling a Home: First-Time Home Buyer in Bakersfield, bakersfield area, time home buyer
bakersfield area, time home buyer, first time home buyer: Hi Michael, I don t work in the Bakersfield market, so as a disclaimer I think you should contact a local agent and discuss your situation with her / him. My personal opinion would be to rent if you aren t going to be staying more than 3-4 years. It...

Buying or Selling a Home: First Time Home buyer, time home buyer, first time home buyer
time home buyer, first time home buyer, initial contract: I would say ask the lender. You should be able to use the contract you had. But since this administration changes the rules on a daily basis, it is hard for anyone to know the correct answer, since they don t know the correct answer. Try it, there is nothing...

Buying or Selling a Home: fixer upper, maine winters, true condition
maine winters, true condition, mls service: Hi Joyce, I apologize for the delay in answering your question, and I am sorry to hear of your problem with your listing agent. If your house is a fixer-upper, your real estate agent needs to disclose this in all advertising and also in the MLS service....

Buying or Selling a Home: HOA fee and Sepecial Assessment, HOA fees, Special Assessments
HOA fees, Special Assessments, Prorations: Hello If the Special Assessment is not something levied against new owners, it should be prorated along with the HOA fee. In other words if these fees have not been paid for the year, you should be credited and the Seller should be debited on the HUD 1...

Buying or Selling a Home: home equity, buying, selling
buying, selling, helocs: Hi Ester... you have a number of question here ... so ... 1. on the loan home equity get the best rate you can with the lowest fees and best pay off options... take your credit report with you as you shop... don t allow different lender to run your...

Buying or Selling a Home: Insulation in 1960s home, building codes, insulation
building codes, insulation, crawl space: Hello Bill - A property does not need to be brought to code. Although inspection companies must indicate that the code has changed and usually state the new code as a recommendation (i.e. GFI outlets in wet areas). Todays construction process is to staple...

Buying or Selling a Home: inherited house without clear title, first american title, real estate broker
first american title, real estate broker, professional job: Why your husband s parents would accept a house without clear title is way beyond me, Debbie. Now you will have to go through the expense and time to get it straightened out. I would suggest hiring a good title man at, say, First American Title, and see...

Buying or Selling a Home: Listing ageements, lucks, local real estate
lucks, local real estate, real estate agent: In Florida, the listing agreement has to be signed by all legal owners on title of the property. This shows that all the owners of the property are giving authorization for the property to be listed and marketed for sale. In Arizona it is probably the same...

Buying or Selling a Home: leaseholder, termination clauses, lease forms
termination clauses, lease forms, moving expenses: Hello Andrew, Thank you for your question. Your lease should be binding on everyone, but there may be some termination clauses in the lease. There are multiple standard lease forms, some with no termination clauses where the lease is binding as is...

Buying or Selling a Home: MLS, multiple listing service, local multiple listing service
multiple listing service, local multiple listing service, mls area: For sale by owner flat fee would mean the multiple listing you ll be involved with will charge just that, Paul. A flat fee. No other fees involved. A local multiple listing service is one that serves an area that is within the area that you live. If a person...

Buying or Selling a Home: mislead at about repairs..., professional home inspector, john mckenna
professional home inspector, john mckenna, slab on grade: When your real estate agent said that you did not need to follow the home inspectors instructions, that was your first red flag. Sad to say, but many times a realtor wants to make his commission and will point you toward that goal, even to your own harm....

Buying or Selling a Home: owner selling property, showings, renters rights, property showings, rental apartments
property showings, rental apartments, lease renewals: Based on what you said, Ann, my guess is that there is no law that says you COULD NOT be present when the property is being sold. The landlady probably just wants to make sure nothing gets in the way of selling the property. And long as you don t make problems...

Buying or Selling a Home: paying off a house vs paying off a car debt, buying, selling
buying, selling, payoff: Sorry Esther... your husband is right... keep in mind any car is a depreciating item... you home will increase in value over the years... you most likely have a low interest rate, deductible...not so with the car..you actually do better in the end with the...

Buying or Selling a Home: property with 3 years delinquit tax that will not be taken by the city until june of 2011, tax lien certificates, adverse possession
tax lien certificates, adverse possession, wagoner oklahoma: Let me unconfuse you, Mae. In Oklahoma they use tax lien certificates. The county conducts a sale of those certificates and the winning bidder is supposed to be paid back what he paid for the certificate(s) plus approximately 1.5% monthly interest as penalty...

Buying or Selling a Home: purchased business opportunity, real estate broker, running a business from home
real estate broker, running a business from home, eviction process: You know, Wayne? We real estate brokers must have at least two years under our belt before we can become a broker. There s a good reason for that: Experience and ethics. I just cannot believe that the travel bureau business is any different. Based on what...

Buying or Selling a Home: Quit Claim & Escrow, real estate law in california, legal answer
real estate law in california, legal answer, flat fee mls listing: Paul, Not to disillusion you, but nothing today is like the old days – except the old timers. The type deed you will use to convey your property depends on the ownership interest you have now. I would recommend having an attorney or title agent draw...

Buying or Selling a Home: Real Estate Agent Compensation, PLLC, PC
PLLC, PC, licensee: Hello Nate - Each state has different regulations. In Arizona, the type of entity must be a PC/PLLC - Personal Corporation/Personal Limited Liability Company and yes in Arizona the licensee is allowed to form a personal entity as a PC or PLLC provided the...

Buying or Selling a Home: realtor, how to find an agent, search for an agent
how to find an agent, search for an agent, find an agent: Hello Mar - There is a difference in the services provided by a REALTOR and a non-REALTOR. Anticipating you have already asked friends for a referral (the ultimate objective of networking for any business) and questioned WHY they thought the agent was qualified,...

Buying or Selling a Home: realtor duties, real estate salesperson, jessica bryan
real estate salesperson, jessica bryan, provisional license: Dear Carson; First, why would you be using a real estate salesperson who had fraudulent activity on or in any business? If you have an option, use only someone with whom you feel comfortable, who is honest, and ethical! By the way, the difference between...

Buying or Selling a Home: What rights do I have as half owner., home improvement, home inspection
home improvement, home inspection, home loan: I would contact an attorney immediately. The modification loan should have required your approval as a co-signer. As far as your credit, unfortunately I do not see how the attorney can clear your credit. I would consult a attorney in your state to conform...

Buying or Selling a Home: Shared driveway, easement rights, jessica bryan
easement rights, jessica bryan, beep: Hi Tricia; Since your property granted a legal easement to the neighbors for the use of the driveway, the only thing I would suggest that you do is to post a sign that says; Shared driveway do not block! I am sure that your neighbor s guests do not understand...

Buying or Selling a Home: Short sale - difficult seller, short sale maryland, buying short sale maryland
short sale maryland, buying short sale maryland: Hi Jennifer, AllExperts just sent me a message about your question, so sorry for the delay, I didn t get the initial notification email. Technically the seller would be in breach of the current contract if the closing doesn t happen by the 20th. But the...

Buying or Selling a Home: Should I sell?, jessica bryan, home equity loan
jessica bryan, home equity loan, transfer taxes: Hi Ron; If the situation is as simple as you describe then I would agree that selling would be the best solution. However, there are a few other factors to consider. Even if your home is worth $169,000 is that the price someone will pay for your home? ...

Buying or Selling a Home: Should I sell?, buying home in maryland, equity in home maryland
buying home in maryland, equity in home maryland, selling house maryland: It sounds like you are in a very typical situation in this market. House values have dropped in many areas around the country. When you refinance, there needs to be enough equity in the house so the bank will loan the money and if the value has dropped substantially...

Buying or Selling a Home: Should I sell?, home equity loan, real estate broker
home equity loan, real estate broker, second mortgage: It s good that you have been making your payments on time, Ronn. As long as you have the funds to buy another home, your credit should be in good condition to indeed buy another. However, I would recommend you become a tire-kicker and see what kind of houses...

Buying or Selling a Home: sell a multi unit, depreciation schedule, family trust
depreciation schedule, family trust, brother sister: Assuming the five of you own the properties equally, your sister indeed would be responsible for capital gains in relation to her ownership if she continues to have her ownership. But she has barely come into ownership, so as of now, she may not have any capital...

Buying or Selling a Home: selling an FHA home, recovering from a heart attack, fha loan
recovering from a heart attack, fha loan, loan situation: When you buy a house subject-to, you are buying it subject to the existing loan obligation(s). You re not assuming the loan(s), you re just letting the seller know that you know the loan(s) are there and it is your intent to continue to make the payments...

Buying or Selling a Home: selling home without the use of a realtor - unique situation, real estate lawyer, necessary paperwork
real estate lawyer, necessary paperwork, realor: Hi Bonnie; Yours is a good problem to have! Since you already have the Buyer, I would say that the only reason to have a Seller s agent would be to possibly help with appointments and inspections in the event that you want someone present and you are not...

Buying or Selling a Home: short sale, board of realtors, chase bank
board of realtors, chase bank, department of real estate: First of all, Bonnie, you DO have the right to have your offer to purchase to be presented to the seller, and/or the bank in this case. If at any time your offer is not presented, you may go to the local Board of Realtors and/or the state department of real...

Buying or Selling a Home: Title, legal remedy, manufactured home
legal remedy, manufactured home, fiance: Based on how you presented your dilemma, Kim, you are now in Legal Remedy land. That means your next step is to find a good TX real estate attorney and get your dilemma solved. Yes, I suppose it is going to cost, but a good attorney would be able to get your...

Buying or Selling a Home: title, title insurance company, real estate transaction
title insurance company, real estate transaction, fiance: Oh boy, Kim, it appears your fiance may have been taken. Whenever you buy real estate of any kind it definitely should go through a closing process in which a title insurance company makes sure the property being purchased is owned by the seller as represented....

Buying or Selling a Home: Want to buy a Foreclosure Home, foreclosed home, foreclosure properties
foreclosed home, foreclosure properties, home for sale: Hello, Normally foreclosed homes are as is and you are not able to negotiate with bank owned properties except for major items such as HVAC (AC), roof, foundation, etc. Most banks will not allow allotments for bathrooms and kitchens. Most foreclosed...

Buying or Selling a Home: Young, naive, and taken for a $150,000 ride, mouse traps, rat poison
mouse traps, rat poison, duty army: You don t say in what state the property is located, Ingrid, but in the main most of your complaints are valid. If I were in your shoes, I would immediately go and talk to the Realtor s (I d be ashamed to know that she is a Realtor) broker, her boss and lay...

Buying or Selling a Home: Bad deal getting worse. Can we get our earnest money back?, contingencies, escrow
contingencies, escrow, earnest money: Keith, First, answering specific questions about deposit returns and contract terms is difficult on a forum like this because I have not seen the actual contract. So, I answer based on the information you have given and must add a disclaimer that with any...

Buying or Selling a Home: Breaking a Residential Contract to sell home with Realtor, buyer agency agreement, local realtor
buyer agency agreement, local realtor, unconditional release: Marie A listing agreement is a legally binding Contract, just like any other type of Contract. There are, however, ways to terminate a listing agreement… depending on the circumstances. An agent is bound to certain fiduciary duties under a listing...

Buying or Selling a Home: Buy-out calculation, realtor commission, real estate broker
realtor commission, real estate broker, neutral location: Not unless the house was indeed being sold to a third party, Grant. Otherwise, whatever makes the airplane fly. An offer is an offer and may deserve a counter offer. After all, you are the one who wants to separate the interests and therefore you are starting...

Buying or Selling a Home: Buyer breaks contract, appraisal contingency, arbitration clause
appraisal contingency, arbitration clause, faith deposit: Dear Geneva: I do not have a copy of your contract, so I can only give an opinion. To get a firm legal response, please be advised that I cannot practice law without a license and you may need to seek out a real estate attorney. Your contract probably...

Buying or Selling a Home: Buyer not permitted to rent to current owner, Short sale, default
Short sale, default, renting short sale: Marsha - I am not familiar with Florida laws regarding short sales, so it is best to consult with a local professional real estate agent or a real estate attorney. If it is the new buyer s lender, not sure why they care. They require to see the lease...

Buying or Selling a Home: broken furnace, heat exchanger, furnace
heat exchanger, furnace, bough: Dear Greg, Thank you so much for your question and I am sorry this happened to you. Once you purchase a property, you are responsible for the property as well as anything that breaks. So you cannot hold the owner responsible for something that happened...

Buying or Selling a Home: Closing in 20 days, lawyer not responding to calls/emails, first time buyers, legal aspect
first time buyers, legal aspect, standard practices: Hi Joel; While standard practices differ from one area to another, the one thing that we can all expect is good service and responsiveness no matter where we live or move. Since you are the one who is paying the attorney her fees she is employed by you and...

Buying or Selling a Home: Commission Obligations When Switching Agents, cancellation clause, marketing efforts
cancellation clause, marketing efforts, good luck: Dear Carol, Thank you so much for your question. Most listing agreements have a protection period to the listing broker. During this period, the broker s commission is protected if a buyer that was procured by the marketing efforts of the listing broker...

Buying or Selling a Home: cancelling sale of home in Trust problem, las vegas, real estate
las vegas, real estate, homes for sale: Hi Joe, I wish I could advise you, but this is really an attorney question best answered by a law firm in the state where the property is located. On the face of it, if there are two trustee signatures required, it should not be any problem to void the...

Buying or Selling a Home: commission, jessica bryan, consultation fee
jessica bryan, consultation fee, indirect result: Hello Diane; The answer to your question depends upon your listing agreement. Most listing agreements state that any potential buyers are considered the direct or indirect result of the efforts of the listing broker and therefore, even if the listing has...

Buying or Selling a Home: concerns about mobile home sales contract, mobile home park, mobile home sales
mobile home park, mobile home sales, contract question: OK...obviously I am NOT an attorney, but this is a contract with definite conflict of interest. Unless the PM company has a sales, or dealer license they can t do this sort of transaction. A $2000 comm. is good, and is not based on the home sale price, but...

Buying or Selling a Home: covenance, charles dick, wa state
charles dick, wa state, local real estate: You may want to first contact the builder, Charles, and ask about their overlooking the covenant you apparently have connected to your deed. Be sure to talk with the president of the company or the company s legal department. If it has not been satisfactorily...

Buying or Selling a Home: First-time homebuyer questions, buying, selling
buying, selling, contingancy: Hi Mark, Congratulations on making the decision to buy... prices are great and interest is at an all time low... To answer your questions, Read your contract to purchase very carefully and be sure you have your own agent to look after your best interest......

Buying or Selling a Home: Buyer breaks contract, acene, college business
Buying or Selling a Home: Buyer breaks contract, acene, college business, business law

Buying or Selling a Home: first time home purchase, agency relationship, real estate
agency relationship, real estate, exclusive listings: Steve - Certainly there are many on-line sites that you can search for homes that meet your basic criteria of price, size, and are doggy compatible. If you choose to work with an agent, it is best to also work with a lender to become pre-approved for a...

Buying or Selling a Home: Housing Development Project, target mail, housing development project
target mail, housing development project, mail ads: Dear Ayla; Since I am a Realtor, I would naturally say that you should list the homes and development with a brokerage who will then market the development for you. The cost is a commission for each home sold but that is usually included in the price of...

Buying or Selling a Home: house of the market, real estate transactions, brokerage company
real estate transactions, brokerage company, contract law: Hi Greg, I’m not sure from your question if you signed a listing agreement and never received a copy back, or if you NEVER signed anything at all with a listing company. I’m going to give you some answers based on both scenarios. IF YOU SIGNED A LISTING...

Buying or Selling a Home: Inherited property, financial bind, negotiation tactics
financial bind, negotiation tactics, property question: Assuming you could qualify for a mortgage for 50% of the value of the property (the bank would send their own appraiser to validate the value of the property), your only choice would be to get a new loan with a bank. If you are looking to gain more by paying...

Buying or Selling a Home: Inherited property, tax adviser, question thanks
tax adviser, question thanks, tax expert: Thanks, you will need to get an appraisal to determine the pre inheritance value, cost about 350.00. It is rental property IF you or parents have accepted any rental fees. it WILL HAVE TO BE TREATED AS RENTAL, if you sell. I would let your sister find...

Buying or Selling a Home: inadaquate mobile home inspection, mobile home inspection, kitchen faucet
mobile home inspection, kitchen faucet, inadequate inspection: A legitimate home inspector is insured against errors such as this, Sandra. First, contact that inspector again and get him to amend his report. That doesn t mean necessarily that he would have to pay for it, but maybe his insurance company might. You may...

Buying or Selling a Home: Joint ownership of inherited house, minimal repairs, distress sale
minimal repairs, distress sale, cross words: Good question, really there is no cure, remember it takes 1 to buy and 2 to sell. My suggestion is let her get an appraisal, let her pay for it.You will find out the value, the 25 might be in line,with the current market.If not, You don t have to sell, remember...

Buying or Selling a Home: Options for selling an unsaveable home, knowledgeable realtor, water under the bridge
knowledgeable realtor, water under the bridge, deed in lieu: Be aware, Jeannie, that the bank must accept your giving them the property. Most lenders require that the borrower is behind in payments before they start considering the deed in lieu. Again, be aware it is the same as a foreclosure and it may take your...

Buying or Selling a Home: Parents home... now its my problem!, buying, selling
buying, selling, refinance: Hi Annette, Welcome to the unpermitted delema of home remodeling.... you don t mention where you are from, but I will take this from a Southern Cal snapshot. According to most city laws - EVERYTHING needs a permit! Remember - Permit = Tax = Revenue......

Buying or Selling a Home: Quick sale, quick deed, san bernardino ca
quick deed, san bernardino ca, large park: Hi Lorrie, You do not have to go through escrow, but I always advise it. How will you know if the title is clear of taxes, liens, etc. Usually only about $500....your call. You will be needing to contact the nearest HCD office (escrow would do all of this...

Buying or Selling a Home: RE Dealers, REALTOR, Licensee
REALTOR, Licensee, agent: Hello Joyce - dealers is a unique choice of words. Usually when someone asks about dealers they are referring to manufactured homes that are not affixed to the ground/lot which requires a different license to sell. Therefore I will anticipate you meant real...

Buying or Selling a Home: Realtors Improper Actions, Home inspection, home for sale
Home inspection, home for sale, selling a home: Hey Bob, I would recommend consulting with a real estate attorney, your contractual obligation may vary by state. My general understanding is you should be able to cancel the contract at anytime, especially if you take the home off the market for a period...

Buying or Selling a Home: roots in sewer, main lateral, fha loan
main lateral, fha loan, home warranty: Hey, Mario. Your situation is all too common because most home inspectors don t advise their Clients that the lateral main sewer lines are their responsibility, and very few home inspectors inspect the trees growing on the property unless they are overhanging...

Buying or Selling a Home: Selling a home in Montana on Contract for Deed, foreclosure action, title insurance
foreclosure action, title insurance, title search: You need to treat the contract for deed like a regular purchase, Shawn, only the closing and title transfer will be sometime in the future. When the buyer fulfills the terms of the purchase, then he will get the title and that is when he will get title insurance....

Buying or Selling a Home: Selling share of house to other owners, capitol gains tax, real estate brokers
capitol gains tax, real estate brokers, cpa tax: First of all, Beth, it is best to hire a good real estate appraiser. Or the brothers may agree upon using three separate real estate brokers (or agents who have much experience in the area of the house) to give their estimate of value. The brothers would then...

Buying or Selling a Home: Septic fraud, errors and omissions insurance, drainfield
errors and omissions insurance, drainfield, septic system: First thing you re going to do, Sondra, is to consult with a real estate attorney. The attorney is going to tell you that you ll have to actually build everything as required by the law. This is to establish for how much you re going to sue the seller AND...

Buying or Selling a Home: Short sale, contract days, five six and seven
contract days, five six and seven, purchase contract: Difficult to say, Mike, when I am not there. Banks are now notorious for dragging short sale transactions. They tell you two months but it most often drags on for five, six and seven months. My bet the bank will come at you asking for more down or a larger...

Buying or Selling a Home: sale of house to relative, capitol gains tax, eviction process
capitol gains tax, eviction process, capital gains tax: Dear Joni, Thanks for your question. I have learned that when dealing with family or friends, it is always better to keep things clear. In order to have a lease to own transaction, you are going to need a rental agreement between the parties as well as...

Buying or Selling a Home: Tenants In Common, exercise in futility, jessica bryan
exercise in futility, jessica bryan, full disclosure: Dear Diane; Unless you have given the express indication that you are able to sell this home, the home should not even be listed. Most agents will not advertise a home that is not available (an okay from all owners) to sell. The listing agreement should...

Buying or Selling a Home: Texas Homestead Exemption, texas homestead exemption, county court house
texas homestead exemption, county court house, real estate taxes: You can contact a title compnay to transfer the deed into your name or go down to your county court house and do it together. He will have to sign the deed over into your name. You can get a Homestead and an over 65 exemption if you are over 65! Good luck...

Buying or Selling a Home: Transfering deed, cud, property taxes
cud, property taxes, property tax bill: First thing you must do, Michael, is to find yourself an estate attorney. Chances are very good that attorney will know the process in restoring the lost will. You might check with the county recording office and see just who is the name on the title of...

Buying or Selling a Home: Water rights sold with property, legal recourse, water rights
legal recourse, water rights, property for sale: You will need to consult a real estate attorney to get an answer to this question. I will say, however, that you should have discovered the water rights when you purchased the home originally and did investigations. It would have been somewhere in your title...

Buying or Selling a Home: want to sell and move to salt lake, jessica bryan, seller financing
jessica bryan, seller financing, asking price: Dear Brenda; Selling fast means that you have to make the asking price so appealing that it gets noticed! The two things that work best is a low price and seller financing. If you can t do either of these try to do a rent to own option. That way someone...

Buying or Selling a Home: Buying a joint property, real estate broker, high maintance
real estate broker, high maintance, realistic solution: Hi; You have a problem that goes beyond a real estate question but as a real estate broker, I see this often. It is something that is quite common among Buyers. Often, when the people involved don t agree there is never any home that works. It is quite...

Buying or Selling a Home: bought/selling 4 BR house permitted for 3BR, septic company, design sketch
septic company, design sketch, drain pipes: You need to contact a good local REAL ESTATE attorney and submit your plight to him, Jason. He will go after the real estate agent (and his broker and insurance company), the builder and the county. Lots of deep pockets there. The real estate agent obviously...

Buying or Selling a Home: buying in america, first time buyer, real estate brokers
first time buyer, real estate brokers, british citizen: You must have your own special reason for wanting to buy in Detroit, Amartey, because Detroit is not what most people would choose as a holiday home and expect others to rent from you to help you make some money as a rental. In fact, Detroit has been...

Buying or Selling a Home: buying a house, maximum loan amounts, fha guidelines
maximum loan amounts, fha guidelines, owner occupant: Unfortunately I can t answer this question for you as I don t have your brother s detailed financial information and I am not a mortgage lender. The best idea would be to have him go talk with a lender and get pre approved for a loan. They will need specific...

Buying or Selling a Home: buying a house, redemption period, mortgage holder
redemption period, mortgage holder, dear henry: Dear Henry, Thank you for your letter. I am a Realtor in the State of Arizona, so I am not aware of what system California uses for commercial real estate loans. However, in Arizona, we use the deed of trust. Under this system, the lender owns an interest...

Buying or Selling a Home: buying a house, salary income, real estate broker
salary income, real estate broker, dear henry: Dear Henry: The San Diego area has a multitude of lenders. My suggestion first, however, is to contact this same website and ask the question of some specialist in the lending business. As a real estate broker, I utilize the lenders only. Second, is...

Buying or Selling a Home: buying a house, pique your interest, spending money
pique your interest, spending money, buying a house: You have posed a very simple question in a small sentence, Henry. But that simple question is going to require a complex answer. I hope you ll be able to read between the lines. First of all, you re going to have to do extensive research and homework. When...

Buying or Selling a Home: buying a house, hey henry, mortgage industry
hey henry, mortgage industry, mortgage lender: Hey, Henry. If you have the income and the credit rating, probably so. With all the problems in the mortgage industry that led to the collapse of the real estate market these past five years, getting a loan is not as easy as it once was. There s nothing...

Buying or Selling a Home: commission, agreement contract, unconditional release
agreement contract, unconditional release, bad advice: Hi Melynda, Not having read your listing agreement and not knowing all the facts in your situation, I would suggest that you contact whomever you got legal advice from and ask this question. I am not an attorney and cannot advise you as to legal matters,...

Buying or Selling a Home: denied hm modification, mortage company, mortgage payments
mortage company, mortgage payments, aol: As long as you continue to make your payments, Roger, they are going to believe that you can indeed afford your mortgage payments. That is why they denied your home modification. I have seen clients get their modification when they actually were behind on...

Buying or Selling a Home: not disclosing toxic mould, john mckenna, random checks
john mckenna, random checks, new immigrants: You need to get away from toxic mould (mold) and contact a qualified attorney ASAP. That means now. This issue should have been disclosed to you before your purchased. Get a licensed mould (mold) inspection done right away. Don t delay as this may affect...

Buying or Selling a Home: I don't want a house anymore, short sale, foreclosure
short sale, foreclosure, deficiency judgement: Rain - Whether or not you will owe on the house, is very much dependent on some specific legal situations that hard to address over a forum like this one. It is best to sit down with a real estate professional, and/or a real estate attorney to understand...

Buying or Selling a Home: Fixed Rate vs ARM, first time homebuyer, fixed rate mortgage
first time homebuyer, fixed rate mortgage, 30 year fixed rate mortgage: Hi Michael, First of all let me say that finding an FHA approved condo in California can be quite difficult. There are very few condo buildings actually approved by FHA, and the only way to know for sure is to call the listing agent for each condo and...

Buying or Selling a Home: Fixed Rate vs ARM, buying, selling
buying, selling, investing: Hi Mike... Well lets see... on the downpayment... it is what it is for today.. at 27 you should be moving through your earning years and promotion years.. so, time is on your side to keep gathering cash to fund the next downpayment... the real beauty of...

Buying or Selling a Home: Fixed Rate vs ARM, first time homebuyer, fixed rate mortgage
first time homebuyer, fixed rate mortgage, 30 year fixed rate mortgage: Hi Mike; At the present time fixed rates and Arm s are both historically low and either is really good to use depending upon your time spent in the home. If you can get a good ARM that adjusts over the next four or five years with less or the same as what...

Buying or Selling a Home: Foreclosure Auction Court House -Ca., foreclosure auction, foreclosure sales
foreclosure auction, foreclosure sales, bid price: Most trustees when they conduct the foreclosure sales for the lenders in California first require that all bidders at a foreclosure auction to show them the color of their money. But recently the trustees have been accepting a minimum amount cashier s checks...

Buying or Selling a Home: Home Loans available with ZERO down, real estate investor clubs, real estate investor
real estate investor clubs, real estate investor, fha loan: Christine- The lowest down payment loan I am aware of is the FHA loan with 3.5% down. Anything less than 20% down requires the buyer to purchase mortgage insurance. You can ask for the seller to pay for closing cost. This normally represents about...

Buying or Selling a Home: Home loan, buying a homein maryland, crofton home loans
buying a homein maryland, crofton home loans, crofton home for sale: That will depend upon your other debts and income. The higher your debt compared to your income, the more risky a lender might feel you are so ideally you ll want to have a low debt amount. In addition, it may affect the amount the lender will allow you...

Buying or Selling a Home: hello!, mobile home parks, getting a loan
mobile home parks, getting a loan, vista ca: Hi Debra, I don t live anywhere near Vista so I can t help much there, but I can tell you that mobile homes are not real estate, they are personal property. You won t find them on home websites or listed with a Realtor. I would try driving around and...

Buying or Selling a Home: home sale to son, revocable living trust, successor trustee
revocable living trust, successor trustee, reverse mortgage: Everything you mentioned, Larry, indicates you should be considering contacting an estate attorney to create a revocable living trust. With a trust, your home is owned by that trust. You are the main trustee and your son is the successor trustee (second in...

Buying or Selling a Home: Land Contracts, buying, selling
buying, selling, contingancy: Hi Stefani, You should seek the advise of a real estate attorney straight away... as all contracts are binding unless breached. Once breached there are possible consequences please get advise regarding your specific contract to the state in which you purchased......

Buying or Selling a Home: lien on property, daughter lives, title company
daughter lives, title company, aol: You can find out if you have a lien on your property by contacting a title company and they will charge you for searching the title on your property and report to you. If you expect the search to be guaranteed, they will charge you more for it. It s up to...

Buying or Selling a Home: Missouri Revised Statutes Code - § 516.030. — Disabilities--twenty-one years., missouri revised statute, missouri code
missouri revised statute, missouri code, twenty one years: A Missouri attorney would do a much better job, Chelle. After all, this is more of a law question in that it does not refer to real estate in the Missouri Code you mention. Also, if there is fraud involved you would need to talk to an attorney in any case....

Buying or Selling a Home: Getting a Mortgage for purchasing a home, hud homes, getting a mortgage
hud homes, getting a mortgage, money down: I am not familiar with HUD purchases as they are rare in San Jose. However, I wanted to provide a couple of links that might help you find the answer. Hope it helps. http://www.ehow.com/how_6763876_buy-hud-homes-money-down.html http://portal.hud.gov/hudportal/HUD?src=/topics/homes_for_sale...

Buying or Selling a Home: Purchasing, unreasonable request, home inspector
unreasonable request, home inspector, purchase agreement: Hi Brad, If you had a qualified, licensed home inspector do your inspection, you should not have to have another inspection done to satisfy this Seller. The language in your Contract of Sale should answer your question as to whether or not you can declare...

Buying or Selling a Home: Selling/buying a new home, room configuration, design consultant
room configuration, design consultant, building a home: Dear Chelsea; Based on your comments and your age, I suggest that you really need to sell the house and find something closer to the city. You asked if you should sell and build in a different area. Building a home is a process that I do not recommend with...

Buying or Selling a Home: Selling a house on contract, Mortgage, Hidden Mortgage
Mortgage, Hidden Mortgage, Default of Mortgage: Hello Rosie. Did you sell it or rent it? If you sold it to them, and they are paying a payment to you, then it sounds to me like you have a mortgage on the property. Did they sign a note? Did they sign a mortgage? If you had a standard mortgage,...

Buying or Selling a Home: Selling mortgage free home with back taxes, escrow period, jessica bryan
escrow period, jessica bryan, back taxes: Hi Chris; If you want to wait to pay off the back taxes at closing out of the proceeds from the sale you should let whomever lists the home and/or the closing attorney be aware of this. When a title search is done during the escrow period it will be determined...

Buying or Selling a Home: for sale by owner, equitable title, trust deed
equitable title, trust deed, local real estate: It s quite legal and proper, Richard, as long as it drawn up legal and proper. What he probably drew up was what they call a Wraparound trust deed, or All-inclusive trust deed. Or, if your purchase note was not recorded because you did not pay enough for...

Buying or Selling a Home: septic/ bedroom mismatch on foreclosure, tennessee regulations, fha loan
tennessee regulations, fha loan, crazy laws: According to government requirements, Jena, it is required that you have a licensed real estate agent handle this purchase for you. Therefore, if you do not buy that property, the agent who was involved in purchasing the property for you will not be paid....

Buying or Selling a Home: septic system disclosure, home warranty company, septic tanks
home warranty company, septic tanks, septic system: First thing is contact your Realtor. Who represented you? Who represented the seller? What does your sellers disclosure say? They are required to provide one. If the seller s disclosure says it worked fine, and you found all this out, they are liable. Contact...

Buying or Selling a Home: upside-down, distressed, homeowner
distressed, homeowner, seller: Hello Amy - There are so many variables to answer your questions. The initial thought is be exceptionally careful of the advice you receive from family, friends, real estate agents, attorneys, YOUR BANK, the news, as there are many people who convincingly...

Buying or Selling a Home: Vegas prices, las vegas real estate, las vegas foreclosures
las vegas real estate, las vegas foreclosures, las vegas home sales: Hi Glen, Here are the latest statistics we have available on housing price trends as of the end of November 2010. (December statistics are not yet available.) http://www.lasvegasrealtor.com/stats/Nov10CompStats.pdf You will notice that the average...

Buying or Selling a Home: adjacent property, right of first refusal, county assessments
right of first refusal, county assessments, first right of refusal: Hi Tom, First, I apologize for the delay in responding to your question. All Experts notified me that yours was pending, and I must have somehow missed it when it first came in. Granting a first right of refusal would involve a Contract, a legal document...

Buying or Selling a Home: bat infestation on newly purchsed home, home apraisal, bat infestation
home apraisal, bat infestation, fha loan: Sorry to disappoint you, Jennie, but an appraiser is not a home inspector and never the twain shall they meet . . . or be confused as doing the other one s job. Plus, when the selling party is only a relative of the recorded owner, while the owner is in a...

Buying or Selling a Home: buying from builder, wiggle room, rule of thumb
wiggle room, rule of thumb, floor plan: Hello James, Your question is fairly common one among the general public when it comes to buying directly from a builder. There are a couple of very important points to remember in the event you opt to purchase directly through them without the help...

Buying or Selling a Home: buying from builder, wiggle room, qualification letter
wiggle room, qualification letter, rule of thumb: Disregard any of that commission junk, James. It is only a device to help sell the property, I don t care how many trees the other house has. You are negotiating. They want to sell and you want to buy. Period. It s a matter of finding out what the seller...

Buying or Selling a Home: Buying/Selling Home, buying, selling
buying, selling, investing: Hi Diana, Well to start Congratulations on opening your own business! As a woman run Brokerage real estate office I know what it takes to make that plunge. However, since you are now unemployed and have changed into a new field, I think you actually...

Buying or Selling a Home: Buying/Selling Home, buying real estate, qualifying for mortgages
buying real estate, qualifying for mortgages, self employment income: Hi Diana, So many people have been downsized out of jobs lately, it is very sad. It happened to both my sister and cousin within the last six months, and both had been on their jobs 20+ years. (They have each since found new jobs, but for a much reduced...

Buying or Selling a Home: Contracts and Deeds, upfront cash, land contract
upfront cash, land contract, new ministry: First thing you must seriously consider, Karl, is that neighborhood. If you re just starting out what kind of congregation are you expecting to have? A run down neighborhood will give you the same kind of membership. However, if you are fully familiar with...

Buying or Selling a Home: Deeds and Contracts, buying, selling
buying, selling: Hi Karl, You really need a real estate attorney/closing agent. It is great that he wants to give it to you, in reality it has no value except to someone like you. You are not taking over a business,that has been abandon by the community and basically...

Buying or Selling a Home: first time buyer questions, two realtors, realtor works
two realtors, realtor works, national association of realtors: Ordinarily, Lori, Realtors who have the listing represent the seller, at least until and if another Realtor enters the picture. Plus, the listing Realtor belongs to a local multiple listing service with which they agree to share the commission with another...

Buying or Selling a Home: Inspection, foreclosure, inspection
foreclosure, inspection: How the contingencies work depend on how they are written, what state you are in, and the conjunction of both of those items. You can certainly set it up that way, but banks don t like complicated contracts. Oh, Kurtis, where to start! It s late and...

Buying or Selling a Home: Judgement From Creditor, summary judgement, mortgage payments
summary judgement, mortgage payments, creditor: The only creditor that may force you to sell would be a creditor that YOU owe money to, Bobbie. The previous owner owns the mortgage, as I understand it. She owns a lien, not the property because you bought the property from her and you have the title to the...

Buying or Selling a Home: land contract, land contract, assest
land contract, assest, lein: There is really only one thing you can do, Cindy, and that is get yourself a REAL ESTATE attorney who knows what he/she is doing. This is not going to be inexpensive. However, there are a couple things I would like to know. Was that real estate agent one...

Buying or Selling a Home: null in void, kelz, laywer
kelz, laywer, real estate agent: There are two things you must do at this time, Kelz, and that is to 1) contact the real estate agent that helped you buy the property and have that person solve the problem; 2) If you get no satisfaction, you must contact and engage a lawyer or attorney who...

Buying or Selling a Home: null in void, legal terminology, laywer
legal terminology, laywer, time is of the essence: Dear Kel; First of all when you say that you have bought a house...that means that you have closed and recorded; money has exchanged hands and your loan recorded with the money going to pay off the sellers. Was all of that already done? I doubt it. I think...

Buying or Selling a Home: Paying in cash, buying, selling
buying, selling, credit: Hi Jackie, I cringe when I hear buyers say they can get it lower because they have cash... no necessarily... Your ability to pay cash means no appraisal, and you can close faster. The only benefit to the seller is they don t have to wait the typical...

Buying or Selling a Home: Paying in cash, getting a mortgage, percentage number
getting a mortgage, percentage number, mortgage loans: Hi Jackie, Thank you for your question. Paying in cash saves you money in closing costs, at least 5% in fees and charges from a lender. If you need money after buying you can always get an equity loan with hardly any closing costs. As far as a seller...

Buying or Selling a Home: Paying in cash, location location location, mortgage payment insurance
location location location, mortgage payment insurance, mountains and rivers: Hey, Jackie. It s not necessarily more beneficial for the seller because it doesn t matter whether you bring all cash or you finance. When the transaction closes, the seller gets all cash. The only thing that having all cash does is let you close earlier...

Buying or Selling a Home: short sale?, income verification loans, current mortgage rate
income verification loans, current mortgage rate, no income verification loans: Hi Ben, Thank you for your questions. You are in a predicament like so many others... Too, bad there is no loan yet where you can carry forward your short amount to a new property. There is a new program HARP coming out where as long as you have...

Buying or Selling a Home: short sales, mortgage holder, mortgage costs
mortgage holder, mortgage costs, sole credit: Dear Ben: Here is a comparison: I lost money on my stock and bonds investments during the past few years, and would like to recoup my losses so I ask the government to give my money back or pay me for my stocks so I don t lose any more money and allow me...

Buying or Selling a Home: short sales, harp program, fannie mae
harp program, fannie mae, assistance loan: Ben - Determining whether or not you can short sale the home depends on a couple of key factors: 1.) Do you have a legitimate hardship that will prevent you from paying your mortgage? 2.) Are you insolvent? 3.) Do you have a higher monthly debt payout...

Buying or Selling a Home: Zoning, jessica bryan, rowhomes
jessica bryan, rowhomes, rental apartments: Dear Kurts; You need to call town planning department and ask for someone in zoning. Ask about the restrictions or requirements for the properties on this street and in the area you are considering. Once you know if you can divide the home and use it as...

Buying or Selling a Home: buying house we live in from mother, real estate broker, secondary mortgage
real estate broker, secondary mortgage, new mortgage: Since you are contemplating buying the house from your mother, and you apparently have had a good paying record, MH, you should not have any trouble getting a new loan while taking over the title on the property. You don t say what the interest rate is on...

Buying or Selling a Home: Confused on back taxes owed on a trailer, personal pr, appraisal office
personal pr, appraisal office, back taxes: Cody - Some more ideas... : ) 1.) The seller can not sell the property and provide you with clear title unless the lien is paid or discharged. (More here http://www.etaxes.com/Discharge_of_Federal_Tax_Lien.htm) 2.) You are able to buy the land and the...

Buying or Selling a Home: Contract, offer, contract
offer, contract, listing: Hello Gordon - depending on the terms and conditions of the listing contract you signed the likelihood is that you may be obligated to pay the real estate agents if the purchase contract was originated during the effective dates of the listing contract. The...

Buying or Selling a Home: Electric, john mckenna, amp service
john mckenna, amp service, full disclosure: The buyer agreed to have the electrical upgrade done by a licensed electrician, so they have a right to know WHO did the work and the license number of this person. That was the agreement, from what you told me. It is not normal for a legal and license electrician...

Buying or Selling a Home: leaking roof, leaking roof, disclosure statement
leaking roof, disclosure statement, roofer: Hello, thank you for your question. Hard to answer your question, there are so many questions for you; Was property a foreclosure? is so, most are sold as-is.If not a foreclosure, was it a conventional sale? Was home inspected by you. First, I would...

Buying or Selling a Home: Seller backing out of contract, COE, Article 12
COE, Article 12, Inspection: Hello E - Each state has different laws governing real estate, seller disclosure, property construction codes, requirements to use licensed and bonded contractors, and each states real estate residential purchase contracts contain different customary practices...

Buying or Selling a Home: Statute of Limitations - Real Estate Contract, cold water line, real estate contract
cold water line, real estate contract, real estate questions: The statute of limitations of contracts in AZ is 6 years, Lisa Sue, 4 years if the contract was executed out of state. I would like to know something: Did you know about that old adage BEFORE you bought the condo? If so, you may be remiss in not asking...

Buying or Selling a Home: Do you think a homeowner can do his own inspection of home he is buying?, professional roofing contractor, chimney sweep
professional roofing contractor, chimney sweep, structural engineer: Hey, Cody. No, I don t. The reason is because a home inspector is combining many professions into one. He is acting as a plumber, electrician, structural engineer, concrete professional, roofing contractor, chimney sweep, drywaller, brickmason, window...

Buying or Selling a Home: Title Change Name at Closing, claim deed, county recorder
claim deed, county recorder, big hassle: You have to be praised, Betty. You have no idea how many friendships have been broken and then a big hassle ensued because one of the friends refused to cooperate to split the sheets and a nasty court case followed. You may change how the title is going...

Buying or Selling a Home: Title Name Change at Closing, jessica bryan, second thoughts
jessica bryan, second thoughts, buying a house: Call the closing attorney right away to advise them. It should be something that is explained to both of you along with notification to the lender. I don t know what the arrangement was...whether your boyfriend was paying rent and if you qualified based on...

Buying or Selling a Home: Backing out of a sale, real estate agent, rich man
real estate agent, rich man, old mother: You probably meant that the BUYER is a rich man who wants to rent it out . . ., right Marilyn? Okay, now that I got that out of the way, you signed a listing with the real estate agent a few months ago. Right? If you will read (you should have read this...

Buying or Selling a Home: conditions undoing contract Kroatia, personal contract, real estate transaction
personal contract, real estate transaction, 2 girls: There is an old saying in real estate, Helga: If it is not in writing, it was never said. That means whenever you have any kind of real estate transaction that involves the sale and purchase of real estate, you should put it on a WRITTEN contract. That way...

Buying or Selling a Home: Property Exchange and Taxes, tax advisor
Buying or Selling a Home: Property Exchange and Taxes, tax advisor

Buying or Selling a Home: FHA Loans, FHA purchase, renting
FHA purchase, renting, buying: Hi Michael, Congratulations on the purchase... since you bought the property with all intention of living at the property you should be fine by 2013 when your job relocates. They just don t want fraud loans where buyers say they will live at the property...

Buying or Selling a Home: Home mortgage with HOA lien, HOA, HOA liens
HOA, HOA liens, short sale: Brendan - Whether this is a short sale or an auction sale, the best chance is to negotiate this lien down. The bottom line, no one will take on such a lien and the longer the property sits, the more the is owed to the HOA. If you are working with...

Buying or Selling a Home: Interested in buying a condo not yet for sale, Condo, FSBO
Condo, FSBO, Florida: Hey Vanessa, Sorry for the delay; I m up in the GA mountains on vacation and service is sparse! I would approach her in the same manner you just did me and give her exactly the same reasons/logic for your interest in her unit. I have done exactly what...

Buying or Selling a Home: judgement on house, deed, mortgage lien, property mortgages
mortgage lien, property mortgages, mortgage companies: Karen, I apologize for the extended delay in answering your question. I was hospitalized unexpectedly and am just now beginning to check my email again. My original reply is still a “good” reply. You stated that you live in Pennsylvania, and PA is...

Buying or Selling a Home: Lease Purchase, pre approval letter, mortgage credit report
pre approval letter, mortgage credit report, lease purchase agreements: Hi Ralph, I would need much more information to determine whether or not this might be a good deal. I am not a big fan of long-term lease-purchase agreements, and I personally would classify a long-term lease-purchase agreement as anything more than...

Buying or Selling a Home: mobile home title issue, wheels and axles, legal recourse
wheels and axles, legal recourse, department of motor vehicles: Hey, Mark. You re in a situation where you need a Texas attorney so that your attorney can talk to her attorney. I think that s the only way you re going to get results. If you don t know a Texas attorney, your Missouri attorney should be able to find you...

Buying or Selling a Home: old home salvage, wood fireplace mantels, dataquick
wood fireplace mantels, dataquick, happy holidays: You need to find out who the owner is. You can do that by going to the courthouse or county records building where the real estate public records are kept. Many Realtors also have access to the public records for their work as Realtors. There are also companies...

Buying or Selling a Home: What options do I have?, snail mail, denial letter
snail mail, denial letter, loan commitment: Hi Glenn, I apologize for the delay in answering your email. I was hospitalized unexpectedly and am just now back to answering email. Your questions are being answered below: Questions: Should our realtor have allowed the buyers to spend hours at...

Buying or Selling a Home: Property Exchange and Taxes, buying, selling
buying, selling, renting: Because you purchased as a 1031 exchange, you need to check with your tax advisor. The goal of 1031 exchange is to not pay the tax until you are in a better tax bracket. But since you have now started to claim the property as an owner occupied property...

Buying or Selling a Home: Purchased residential land in TX, city of harlingen, warranty deed
city of harlingen, warranty deed, cameron county: Hey, Karla. In simple terms in a Warranty Deed in Texas, the seller (Grantor) merely guarantees to the buyer (Grantee) that Grantor can convey the property and has good, clear and valid title to it. It can get much more complicated, and it s the complicity...

Buying or Selling a Home: Racoon Infestation, real estate contract, contract attorney
real estate contract, contract attorney, time is of the essence: Just based on what you have said, I would think you have recourse, so it s important that you contact a good real estate/contract attorney to protect your rights. Time is of the essence. Seems to me that the home inspector might have been negligent in not...

Buying or Selling a Home: Real Estate Agent Compensation, raw land, condemation
raw land, condemation: Hi Roon, Since I have no idea what monies are in play, I d say it now depends on liability issues for the agent... so you need to see what his broker is looking to charge to cover this issue incase at some later time you decide to sue them for ??? any number...

Buying or Selling a Home: Rent or Sell?, buying, selling
buying, selling, investing: 1. the price is way high for a rental and the profit just covering means upside down, since you have to consider down time, repairs etc. 2. To sell you have to cover the seller closing costs and perhaps help a buyer (that goes to the higher % if your...

Buying or Selling a Home: Seller's Closing Costs, zillow, e mail
zillow, e mail, closing cost: Dear Melissa: The closing costs will depend on the type of loan your buyer is getting and what they ask you to pay. You will more than likely have to pay the Title Policy and it would run $1361 for a sales price of $197,000. Commission would be 5%-7% Then...

Buying or Selling a Home: Selling our house, buying, selling
buying, selling, renting: Hi Joe, you don t mention where you property is located, but here in Los Angeles county of Calif,you would be prorated on all taxes paid out to the final date that you own the property, and the new owner would get billed the balance. Check with your local...

Buying or Selling a Home: sewer hookups, seller disclosure statement, sewer hookups
seller disclosure statement, sewer hookups, sewer pipes: Hi Brandon; If there was a notice that went out about the required sewer hookup before you bought the home then the seller had to advise you of that (as a material fact.) However, since you knew that there was a sewer going in it was part of your responsibility...

Buying or Selling a Home: unsatisfied with new mobile home, unsatisfied, mobile home
unsatisfied, mobile home, good luck: Hey, Stacey. You should have a warranty of at least a year so I would think they are responsible for fixing it. They should be fixing all your other problems, too. I don t know of any major purchase in today s world that doesn t come with at least...

Buying or Selling a Home: Buying a duplex as single family residence?, single family dwelling, single family residence
single family dwelling, single family residence, fixed incomes: Hi Kit, Well, I guess that I ll take your last question first... Nothing you choose to do as your living arrangement is completely unrealistic . In my humble opinion whatever you choose to do can work for you as long as you go into it understanding your...

Buying or Selling a Home: bank appraisals, bank appraisals, jessica bryan
bank appraisals, jessica bryan, quick reply: Hi Beverly; Certainly if the bank finds out that a home is structurally unsound they would be less likely to loan on it but it is encouraged for all homes to be inspected and the buyers will find out quickly if there is a problem. The bank reviews the contract...

Buying or Selling a Home: buyer, jessica bryan, time period
jessica bryan, time period, best wishes: Dear Lee; You need to review your (expired) listing agreement to see if there is a clause that says that if you sell your home within 60 days (or another time period that is specified,) you owe a commission but after that time you no longer owe the brokerage...

Buying or Selling a Home: buying a house, jessica bryan, s real estate
jessica bryan, s real estate, money interest: Dear Don; You should probably visit with a lender before you make any decision. The lender will look at your credit history and evaluate what a bank will be willing to loan based upon earnings, savings and credit. With enough of a down payment you can bring...

Buying or Selling a Home: buying a house, spartan life, mortgage preapproval
spartan life, mortgage preapproval, search process: Hello Dan, Thank you for your questions. It seems like there are several options for you. First get a mortgage preapproval. You can do this free of charge over the phone with CBMortgage at 8884213812. This will show you how much you can afford...

Buying or Selling a Home: buying a house, buying a home, home purchase considerations
buying a home, home purchase considerations, home buying: Hey Don, I would recommend finding a mid-range home for your budget that you are happy with. I would also recommend not putting down a large downpayment unless you goal is to reduce you total payment. Most financial advisors recommend keeping things...

Buying or Selling a Home: buying and selling a home, irs publication 523, irs rules
irs publication 523, irs rules, capital gains tax: Hi Craig, Yours is more a tax question than real estate, and I am not qualified to give you accounting advice. I am, however, giving you a link below to IRS publication 523 which deals with selling your home, and I’m also giving you a “basic” explanation...

Buying or Selling a Home: buying out a sibling, comparative market analysis, deceased mother
comparative market analysis, deceased mother, real estate appraiser: You can do one of two ways, Fatisha. You can agree to hire a real estate appraiser and agree to purchase the property for the price the appraiser said it is worth. The appraisal will be in writing and will cost about $400, more or less. You should be able...

Buying or Selling a Home: Carry a mortgage, Renting, Selling
Renting, Selling, Cape Cod: OK.... First, the market is a bit sluggish, but it s not a reason to sit on a house you can t afford. In Dennis under 500K, the active/to solds ratio is 74/50. Not ideal, but not terrible either, especially in February on the cape. Also, rates won t stay...

Buying or Selling a Home: Certificate of Occupancy, home purchase, home inspection
home purchase, home inspection: Hey Drew, Most certificates are almost the same but vary by city. I would start at the city ordnance (city web site search) and go from there. Some times a phone call to the department that manages or enforces the occupancy ordinates may be helpful. ...

Buying or Selling a Home: Co-Owning and Insuring Inherited Home thru an LLC, estate asset, homeowners insurance
estate asset, homeowners insurance, year one: There are carriers (many) that will insure the property at a fair rate, even when owned by an LLC. Don t let the insurance company determine/dictate the most appropriate manner to own it, just because it doesn t meet their guidelines . Happy to help......

Buying or Selling a Home: Deposit Refund, las vegas, real estate
las vegas, real estate, homes for sale: Hi Stephen, I am sorry you are having such troubles purchasing a home! Unfortunately no real estate agent can answer this question, not even the agent that originally wrote the contract. This is how the system works: You write an offer to purchase property...

Buying or Selling a Home: Disclose?, patio slab, arizona room
patio slab, arizona room, hvac unit: Hello Frankie - It can only be included if it was done by a licensed contractor with all applicable city permits and it is heated and cooled by the mail system or a separate heat pump or HVAC system.. not a window mounted ac system. Most of the time the square...

Buying or Selling a Home: Fishy quit claim deed scam..Maybe, prime target, little fishy
prime target, little fishy, red flags: Hi Robert, I agree with you, something sounds a little fishy. We both see all the red flags being violently waved. There are many bad people out there who constantly troll the internet every day looking for situations to be able to swoop in and take advantage...

Buying or Selling a Home: down payment, loan company, interest rate
Buying or Selling a Home: down payment, loan company, interest rate, bad credit

Buying or Selling a Home: foreclosure to short sale, knowledgeable realtor, us bank
knowledgeable realtor, us bank, mr dennis: You simply find yourself a very knowledgeable Realtor with whom you list your property on a short sale, Richard. Then you advise US Bank that you are selling the property via short sale. If it turns out that they do not approve doing a short sale for you,...

Buying or Selling a Home: A-frame on the tracks, supply pipes, plumbing supply
supply pipes, plumbing supply, noise meter: Hi Gigi, This A-frame structure certainly has more defects than the average purchaser would want to deal with. Given the defects you are already aware of, please keep in mind that when repairs are started, it is a GIVEN (for properties in this bad of a...

Buying or Selling a Home: Home Buying, fee appraisal, professional fee
fee appraisal, professional fee, tax expert: Thanks for your question. The seller can sell the home for what ever he wants, he can give away the home if he chooses, he is the seller, all he has to do is pass fee simple title, ie free and clear, clean title, to you. Today you as the seller , you can sell...

Buying or Selling a Home: home buyers rights, luck mike, mrtgage
luck mike, mrtgage, mortgage bank: Hi John....if the bank is licensed to do business in NJ, no prob. These things are taken care of in escrow, by your title company. I FAX, or FEDEX papers all over the world for sigs. I think you are OK....Call your escrow company to talk to them, they will...

Buying or Selling a Home: hot water heater leaks, hot water heater, hot water heater leaks
hot water heater, hot water heater leaks, water heater leaks: Hi Bob. The Seller is not responsible at this point. There could be some responsiblity on the Sellers end, but you may have a hard time proving that the Seller knew that the waterheater had an issue. Did you have the home inspected? If so, the inspector...

Buying or Selling a Home: LSR, LSR, LSU
LSR, LSU, Finance: Hello James - Excellent questions. In Arizona, the LSR Loan Status Report indicates the loan terms that you are seeking and if available willing to close. If you are not able to obtain the loan described in the contract and LSR, and you are not willing to...

Buying or Selling a Home: lien and judgment report, mortgage note, county recorder
mortgage note, county recorder, time stamp: Yes, they may be recorded on the same day, Darrell, but if you will notice that one of them has a time stamp on it that probably is a few minutes older than the other. The one with the older time stamp (by the county recorder) is the first lien (mortgage,...

Buying or Selling a Home: offers, cash buyer, property sellers
cash buyer, property sellers, lowest possible price: Hi again, Mitch. Unfortunately there are no set guidelines to follow when making an offer on a foreclosure or a short sale. Many times, especially if they are listed below market value, foreclosures or short sales may actually sell for more than list price....

Buying or Selling a Home: Do I own the contents of the home, too?, life insurance policy, child caregiver
life insurance policy, child caregiver, medicaid rules: As long as the house is indeed in your name, Roger, you re right, no one can take the house from you. They will just have to wait two or three years. But it seems to me that your younger brother is violating his position as executor. If you want peace of...

Buying or Selling a Home: Procuring Cause, jessica bryan, extenuating circumstances
jessica bryan, extenuating circumstances, absolute answer: Hi Christine; Procuring cause is often a challenge. It would be difficult for the first agent to prove that they are the procuring cause for the purchase of a home they showed many months ago. However (in fact) they are the procuring cause! They were the...

Buying or Selling a Home: down payment, down, payment
down, payment, loan: Hello Tom - Actually the appraisal and the down payment requirement are unrelated. Actually, it is the loan guidelines that determines the buyers investment (down payment) based solely on the interests of the lender (I will use lender for a general term)....

Buying or Selling a Home: possible eviction, Covenants & Restrictions, Mobile home sales
Covenants & Restrictions, Mobile home sales: This only partially a Real Estate question. The part about the baby is a legal question and has to do with the Senior Park s Covenants and Restrictions. I must admit I am a bit curious though. The neighbor is complaining about the baby running down the...

Buying or Selling a Home: Question, selling home maryland, maryland short sale
selling home maryland, maryland short sale: The easy answer is yes. The property will need to be handled similarly as if they were married, regardless of what he has paid towards expenses. They will have equal shares if they are both on the deed. But that s not all that is involved. When did...

Buying or Selling a Home: Rent to Own, coldwell banker mortgage, realtor assistance
coldwell banker mortgage, realtor assistance, property preferences: Hello Monica, Thank you for your questions. Rent with an option to buy is an infrequent event. Matching buyers with properties they are willing to live in and can afford is a challenging job in the first place. Adding the rent with an option to buy...

Buying or Selling a Home: realtor ethic code, breach of contract, selling
breach of contract, selling, realtor code of ethics: Hi Linda, You are not unnecessarily out of luck... my suggestion is to go and see her broker manager... you are correct she can not do this without permission if you signed a contract at $100,000 higher and have no modification of terms or e-mail to the...

Buying or Selling a Home: remodel without permits, exempt from disclosure, room addition
exempt from disclosure, room addition, square footage: Hey, Rick. People buy homes all the time with unpermitted additions. I ve done it myself. If you know something, you are not exempt from disclosure. However, your disclosure could be exactly what you have told me above. In most places, you can also get...

Buying or Selling a Home: Selling a double wide home on an acre of land, las vegas, real estate
las vegas, real estate, homes: Dear Jaime, Whether or not the loan is assumable depends entirely on how the original contract for sale was written. Is there a provision that the current lien holder must approve the assumption? If not, it would seem that your mother would be able to sell...

Buying or Selling a Home: Selling or renting, real estate management companies, real estate management
real estate management companies, real estate management, aol: Yes, usually real estate management companies are listed in the yellow pages in such a category, Bunny. But be aware that NOBODY will take care of your property better than you will. So, in your hunt for such a company, you might want to ask around and see...

Buying or Selling a Home: Selling residential rental property, property management company, residential rental property
property management company, residential rental property, management agreement: Hi Renee, I apologize profusely for the lateness of this response. The All Experts system just notified me that I have two pending questions unanswered, and I do not have a record of having received either of them, one of which was yours. I would first...

Buying or Selling a Home: Studio for Sale, buying, selling
buying, selling, options: Hi Holly... Rent to own - bad deal for the buyer right now - if the economy turns down again and I believe it will, most options are 2years out... it will be anyones game as to what the lender world will look like, how the value will fair and if this ...

Buying or Selling a Home: Can I sell my house with non inspected plumbing improvements?, buying, selling
buying, selling, inspections: Hi Ian, Your best approach outside of getting permitted legal corrections... is to be totally honest in the Multiple Listing that goes over to the potential buyers... and perhaps further comment in the private agent section... I have found most problems...

Buying or Selling a Home: Can I sell my house after un-inspected plumbing improvements?, cheater vent, laundry hookups
cheater vent, laundry hookups, caveat emptor: My experience with home inspectors has not been good, the majority are not qualified and have no idea what they are doing. They seem to mostly follow a check list that they bought or stole from some inspection service. If the plumbing works without a problem,...

Buying or Selling a Home: Title company, real estate broker, husbands name
real estate broker, husbands name, buying a bank owned home: I m not sure I really understand your question. Typically lenders require you to use the title company of their choosing when you contract one of their homes. You can try to move the transaction to a different title company, but the lender/owner may refuse....

Buying or Selling a Home: Title company, buying, selling
buying, selling, closing agents: Hi Hakan, It is unfortunate that she simply did not answer you question in a timely manner the first round out... but now you know... Keep in mind... although he is in the HOA due to the subdivision beginnings... Title is a separate and non-party to...

Buying or Selling a Home: Title company, husbands name, buying a bank owned home
husbands name, buying a bank owned home, honest answer: Hello Hakan, Thank you for your questions. It is more of a legal issue, but you can call my title company and maybe get the answers you want! And maybe they can do the job for you. Island Settlement 9145898377 Susan Radzilowicz. Thanks and hope it works...

Buying or Selling a Home: Title company, legal mandate, husbands name
legal mandate, husbands name, full disclosure: Dear Hakan: I would be very upset, too. Full disclosure is usually a legal mandate in most states, including a disclosure that list affiliations. Such as a principal being associated with a particular group, title company, escrow company, and so forth....

Buying or Selling a Home: Title company, husbands name, buying a bank owned home
husbands name, buying a bank owned home, honest answer: Dear Hakan; Who chose the title company? Did the closing attorney make this choice? If so, go back to the attorney a file a complaint. If you feel that some of the facts might have been manipulated due to the lady s relationship with the builder then...

Buying or Selling a Home: Title company, husbands name, buying a bank owned home
husbands name, buying a bank owned home, honest answer: Hi Hakan, I apologize profusely for the lateness of this response. The All Experts system just notified me that I have two pending questions unanswered, and I do not have a record of having received either of them, one of which was yours. I see on the...

Buying or Selling a Home: Title company, buying foreclosures in maryland, buying home prince george's county
buying foreclosures in maryland, buying home prince george's county, bank owned property: This is a tough one that I don t know the answer to but I will give you some information that may help you in making your decision as far as moving forward. The reason this is a question that I can t answer is it is outside of my area of expertise and is more...

Buying or Selling a Home: Title company, real estate, close of escrow
real estate, close of escrow, las vegas: Dear Hakan, You really need to consult with a local real estate attorney to answer your question about whether you can be charged. Every state s laws are different and this would definitely be a legal question. However, that being said, I am assuming...

Buying or Selling a Home: Title company, husbands name, buying a bank owned home
husbands name, buying a bank owned home, honest answer: Very good question. I would recommend you contact a real estate attorney ASAP., it you are closing on monday you should have one? As for the survey, who ordered it? (That is who is responsible,in my opinion.) Do you have a real estate agent? They should...

Buying or Selling a Home: Title company, husbands name, buying a bank owned home
husbands name, buying a bank owned home, insurance commission: In my opinion, Hakan, you re looking for a problem where one does not exist. You must realize that title companies are regulated by the state insurance commission. And the title company must insure your interests per the cost of your agreement with them. I...

Buying or Selling a Home: Title company, wife relationship, husbands name
wife relationship, husbands name, buying a bank owned home: Hi Hakan, Since I am outside of this transaction, please take everything I say for what it costs you (nothing). First, r.e. agents are required to disclose a relationship, such as the husband-wife relationship you describe. If the woman works for a reputable...

Buying or Selling a Home: Title company, husbands name, buying a bank owned home
husbands name, buying a bank owned home, honest answer: Hi Hakan, I would feel suspicious as well. You need to call your escrow company in the morning (I m assuming you used one) and ask if you can switch title companies, and what the fee would be. The majority of the title fee is the actual policy, and if...

Buying or Selling a Home: Title company, husbands name, buying a bank owned home
husbands name, buying a bank owned home, honest answer: If you are buying from a bank, they are probably paying for the Title work, so they get to use the title company. But....you can close anywhere you like, if you want an attorney to look over your paperwork, then pick who ever you like. You will have your...

Buying or Selling a Home: Title company, real estate transactions, husbands name
real estate transactions, husbands name, buying a bank owned home: Hey, Hakan. At this point it s probably too late to change title companies, but the title company normally isn t subject to disclosures like real estate agents and sellers are. It s not unusual at all for various people to be related to various other people...

Buying or Selling a Home: Title company, Title Co, Closing with Title Company
Title Co, Closing with Title Company, Title Company: Hello Hakan: You re probably not going to like many of my points here, but this is a forum for answers, and not always for feelings. First off, I don t know what state you are in, but it isn t in Massachusetts, because title companies don t do closings...

Buying or Selling a Home: Valve Leak, fha loan, home warranty
fha loan, home warranty, insurance fraud: Hey, Chris. Unfortunately, you are yet one more example of why one should never waive a home inspection. At this point I have to agree with the contractor. Your home warranty should cover a lot of whatever damage there is and the repairs, but that s...

Buying or Selling a Home: Arizona home purchase, handwriting is on the wall, drainage problem
handwriting is on the wall, drainage problem, breach of contract: Hi Joe, I think the handwriting is on the wall in big red letters for you. Based on what you have written, I would run for the hills, literally. If the current owner did not revealed a serious water leak in 2009, which he himself repaired, and to the...

Buying or Selling a Home: Buyer Representation, MLS, compensation
MLS, compensation, cooperation: Hello Nadia - This is an excellent question that many other real estate licensees will appreciate. Article 3 of the NAR Code of Ethics indicates that REALTORS® shall cooperate with other brokers except when cooperation is not in the client’s best interest....

Buying or Selling a Home: Buying my mother in law's home., original mortgage, getting a mortgage
original mortgage, getting a mortgage, mother in law: It s a legitimate way of doing it, Andrew. By taking over your mother-in-law s mortgage will work in this economy because banks are not anxious to foreclose these days (technically, banks can indeed object and then foreclose when someone else than the original...

Buying or Selling a Home: Buying realestate without using my SSN", attorney bill, scrimp
attorney bill, scrimp, crux: This is really a question for your certified financial advisor, CPA or estate attorney, Bill. Despite the fact that you are talking about real estate, the crux of the question applies to your existing estate. I know you want to make sure this is cone legally,...

Buying or Selling a Home: buying a house, earnest money deposit, renovation loan
earnest money deposit, renovation loan, roofer: Since I have not seen the purchase agreement papers, Lisa, I cannot answer your question intelligently. But it would seem to me you would get a roofer WHO IS approved for that type of loan. You must REALLY like that house to let the seller push you around...

Buying or Selling a Home: Condo Investment, las vegas condos, las vegas real estate
las vegas condos, las vegas real estate, las vegas condos for sale: Hi Carrie, Purchasing real estate is all about location, location, location. You should definitely check with a local real estate agent about the demand for this particular condo development. That being said, an older well maintained condo unit could...

Buying or Selling a Home: Condo Investment, condo conversion, initial answer
Buying or Selling a Home: Condo Investment, condo conversion, initial answer, rowhouse

Buying or Selling a Home: mobile home condemned condition, yr model
Buying or Selling a Home: mobile home condemned condition, yr model

Buying or Selling a Home: Reducing the Price, city move, extended warranty
Buying or Selling a Home: Reducing the Price, city move, extended warranty, couple hundred

Buying or Selling a Home: house, credit score, misunderstanding
credit score, misunderstanding, incomes: You are under a misunderstanding, Henry. Today, in this down market, banks expect you to have at least a 20% down payment even if you have good credit. I strongly suggest you go out and find yourself a good Realtor. That person will ask you questions and then...

Buying or Selling a Home: house, How, Much
How, Much, Borrow: Hello Henry: I have two e-mails in my box from you, so I will answer them both here. First, it s really a mortgage question. A mortgage professional can tell you how much home you can afford. But roughly, it s about 30% of your gross income that can...

Buying or Selling a Home: house, mortgage fraud, reputable lender
mortgage fraud, reputable lender, qualification letter: Hi Henry, I think I just answered another of your questions, but you need to first get pre-qualified by a reputable lender to determine how much house you qualify for. With a pre-qualification letter from a lender, your next step would be to find a house...

Buying or Selling a Home: house, downpayment, mortgage
downpayment, mortgage, income credit: Hello Henry, Thank you for your question. Paying for a home involves various factors. Downpayment, income, credit and value of home. If you have enough cash you can buy the home outright with cash. If you need a mortgage, then you need to get a...

Buying or Selling a Home: house, buying home in maryland, first time maryland home buyer
buying home in maryland, first time maryland home buyer: Basic Home Buying Process Timeline 1. Make up a list of what you would like in a home including type/style of home – single family, townhouse, condo. 2. Think about the areas you might like to live; what type of commute you are looking for, schools,...

Buying or Selling a Home: house, Budgeting, Short Sales
Budgeting, Short Sales, Foreclosures: Hello Henry, This is a huge question. The best I can do is to start you in the right direction. 1. If you re paying cash read this anyway. The first thing to do is to talk to at least 3 loan officers, compare their rates, and find out how much of a loan...

Buying or Selling a Home: house, mortar joints, dirt area
mortar joints, dirt area, water intrusion: Hi Henry, I am not sure exactly what information you are asking for, but I’m going to give you the bare essentials of buying a house. 1. Choose a good lender and get pre-qualified. You need to know how much house you can afford. Even though you may...

Buying or Selling a Home: house, buying a house, mortgage
buying a house, mortgage, email: Hi Henry, Thanks for this question. I tried to answer in your first email. First you need to know how you will pay for it. If you have enough cash to buy it for cash then that is simple. If you need a mortgage, then you need to get bank preapproved....

Buying or Selling a Home: house, home buying, home inspection
home buying, home inspection, home inspector: Hello, Most people save money, a certain percentage of the home s price to pay the down payment. Once they have been approved for a loan, they will know the amount they will need to pay down. The remaining amount is usually financed by a bank or other...

Buying or Selling a Home: house, first time buyers, getting a mortgage
first time buyers, getting a mortgage, oppotunities: Hi Henry, Thanks for this question also. People get money to buy a home by saving, borrowing from family, getting a mortgage from a bank, finding an owner willing to hold the mortgage, from government agencies that help first time buyers. Check your...

Buying or Selling a Home: house, Real Estate Calculator, financing
Real Estate Calculator, financing, how much: Hi Henry. http://www.homefair.com/tools/mortgage-affordability-calculator/index.asp?cc=1 Here is a good calculator to give you an idea of what you need to make. The best advice is to contact a local lender who knows your states laws and have them run a...

Buying or Selling a Home: house, buying, selling
buying, selling, downpayments: Hi Henry, It depends on more than simple income, you need to contact a lender in your area and go over different programs. FHA, VA, Conventional etc... there are different income to debt ratios they all look at including your credit score. If you...

Buying or Selling a Home: house, incomes, debts
incomes, debts, incentives: Thank you for your question, In general you need to have an income in the range of $125,000 to $150.000 and be debt free on other debts. Typical one can borrow 3 times their income. Again things change and banks change their guidelines, this is an estimated...

Buying or Selling a Home: house, down payments, stock options
down payments, stock options, disbursements: Henry - Sources of money for down payments and associated closing costs come from a variety of sources. Here is a brief list of options: 1.) Savings 2.) Stock options 3.) 401K or other retirement disbursements or loans 4.) Gifts from family or friends...

Buying or Selling a Home: house, jessica bryan, first time buyers
jessica bryan, first time buyers, dear henry: Dear Henry; The first thing you need to do is talk to a lender to find out what you are qualified to purchase. The lender will discuss your income, your credit score, and how much of a loan you can get. Once you know that then you can begin to look for...

Buying or Selling a Home: house, paycheck stubs, target sales
paycheck stubs, target sales, internet lenders: I need to understand the question a bit more. Do you mean you make $13,000 per year at your job? If that is the case, probably not. I don t know what home prices are like where you live, but say you are looking at a home for $80,000. You would need to have...

Buying or Selling a Home: house, association of realtors, time agent
association of realtors, time agent, local association: My suggestion, is start with thinking of WHO YOU would consider hiring as YOUR agent to work for you. Interview several, make a decision, work with that agent period.....Make sure they are a REALTOR, insured and a full time agent. If you don t know any, Call...

Buying or Selling a Home: house, buying a home, how to buy a home
buying a home, how to buy a home, how do i get a home: Hi Henry, I would start out by meeting up with a local lender in your area to see how much of a home that you can qualify for. Then you can start to look for a home. I would suggest a real estate agent who has been around for awhile who knows the area. ...

Buying or Selling a Home: house
Hi Henry, Thank you for your question. To buy a house you need to first figure out how to pay for it. Go to your bank and ask to speak to their mortgage broker and get prequalified. That is when the mortgage broker checks your credit, income and...

Buying or Selling a Home: house, payment assistance programs, first time homebuyers
payment assistance programs, first time homebuyers, crunch numbers: Great questions, Henry. It s entirely possible to use social security income to buy a home. If your parents are also purchasers on the home and go on both the title to the home and the loan, their income can be used. Your brother s funds are probably temporary...

Buying or Selling a Home: house
Well if you cannot afford to buy yet; then you need to save everything you can, try to pay off bills and talk to a lender. Very often a good lender can help you discover ways to afford buying that you may not be aware of. There are some interesting first...

Buying or Selling a Home: house, least five years, hey henry
least five years, hey henry, mortgage interest: Hey, Henry. The government makes it worthwhile to own real estate because many of your costs, such as the mortgage interest, some closing fees, etc., are tax deductible, so it rarely makes sense to rent if you can afford to buy. However, with all the various...

Buying or Selling a Home: house, social security income, debt ratios
social security income, debt ratios, score requirements: Henry, you really need to talk to a lender so they can explain the process to you thoroughly. They will sit down with your actual financials and let you kow exactly how much you can borrow which will tell you how much house you can buy. I can t tell you if...

Buying or Selling a Home: house, Home Search, centraltexashomerebates.com
Home Search, centraltexashomerebates.com, mortgage calculator: Hi Henry, It can be a good idea to buy a home if you will be in the same town for a few years. If you are going to move maybe renting will be better. The great thing about a home is you have more write off s on your taxes and other perks you get from owning...

Buying or Selling a Home: house, buying home in ft meade area, selling home ft meade maryland
buying home in ft meade area, selling home ft meade maryland: The dollars sound like they make sense in your situation if you are planning on staying in the home for several years. In addition, the interest you will pay for borrowing the money may be tax deductible. If so, your effective monthly payment may be even...

Buying or Selling a Home: house, long rent, junk fees
long rent, junk fees, origination fee: I would ask you to consider sitting down with a lender or mortgage broker in your area, and have them give you a Truth and lending statement, some what of a receipt of what your cost will be, it can differ by lender, ask about junk fees see if they will...

Buying or Selling a Home: house, long rent, closing costs
long rent, closing costs, fha: Hi Henry, Sounds like you ve got a good idea. You re certainly paying enough to afford a home, but remember you you need to have funds for closing costs and a down payment. You can expect closing costs to be about 3% of the value of the house and on a Conventional...

Buying or Selling a Home: house, Buying a home, home inspection
Buying a home, home inspection, having a home inspected: Hey Henry, There are several ways to buy a home, but first you should find a home that you like. I recommend having 2-3 prospective homes to choose from. To do this you should consider the size, age, price, tax amounts, location and desired features of...

Buying or Selling a Home: house, mortgage banker, stable employment
mortgage banker, stable employment, motley fool: Henry, I don t know where you are located, but in the upstate NY area, you won t find any homes for $40,000. You might find an older manufactured home (house trailer) but then you would still have to find a lot to put it on, or pay lot rent in a park, so,...

Buying or Selling a Home: house, debt ratios, jessica bryan
debt ratios, jessica bryan, dear henry: Dear henry; It depends upon how much your loan amount is for. If you have 20% down ($70,000)then your loan amount is $280,000. At approximately $1500 per month or less depending upon credit rating and the interest rate, you would need to earn about $6000...

Buying or Selling a Home: house, finance, FTC
finance, FTC, homes: Hello Henry - In January 2011 loan originators were required to become licensed and I would be less than professional if I answered this questions with specificity to an income amount. I can let you know that each individual loan (source of funding) requires...

Buying or Selling a Home: house under contract, fiduciary relationship, proper qualifications
fiduciary relationship, proper qualifications, wasting your time: You obviously are not working with a Realtor, Carla, because if you were you would not have sent me this question. A good Realtor would advise you to go to a knowledgeable lender and have that person give you a letter saying that you are qualified for X-amount...

Buying or Selling a Home: Land Not Buildable, income tax return, swamp areas
income tax return, swamp areas, estate donation: Hi Natasha, You first have to find someone who is willing to take the land. There are many non-profit organizations that might be interested. I would start by calling the Maryland County Conservation Commission in the county in which your Mother’s property...

Buying or Selling a Home: Are we liable for agent not doing her job, newport news va, binding contract
newport news va, binding contract, water damage: Dear Michelle; I am answering this in haste since you are being pressured for an answer. Do not close on this house!!! Call the lender and tell them to stop payment on the loan. Explain about water damage and tell them that you are afraid that there could...

Buying or Selling a Home: Mom on SS and wants to sell her home, low income housing, aol
low income housing, aol, social security: No, Martha. As long as she has lived there for two of the last five years (and I am sure she has), she has nothing to worry about. Social Security won t be bothering her. It depends on the state she moves to if you re concerned about her qualifying for low-income...

Buying or Selling a Home: mobile home condemned condition, mobile home park, double wide mobile home
mobile home park, double wide mobile home, state quality: Hello Sandi...wish you would have contacted me sooner, but lets try this approach. First a question: has the park taken a warehouseman s lien? If so, it s over. If you are not on the title...walk away! You have no obligation for the rent. However, the...

Buying or Selling a Home: Options for Undesirable Property
Thanks for your question. Yes the lender will buy back property at the foreclosure steps, too protect their interest. The foreclosure process usually is not too nice. Names in local paper, sheriff delivering papers to the address, notices posted, etc. after...

Buying or Selling a Home: Reducing the Price, property tax assessment, snow storms
property tax assessment, snow storms, buyer clients: You really must trust your Realtor, Tricia. There is no bonus that Realtors get for selling their listing within a specified amount of time that I am aware of. But with many Realtors it is a wise idea to try the market for, say, 60 or 90 days and see what...

Buying or Selling a Home: Selling for Family, disclosure laws, foley
disclosure laws, foley, department of real estate: Dear Nicole: Most states have firm disclosure laws that mandate that all parties are to be aware that that listing or selling agents is related to one of the principals. I know out here in California that is the case. Check with the department of real estate...

Buying or Selling a Home: Trust Sale of House to one of the siblings, real estate questions, real estate brokers
real estate questions, real estate brokers, deceased parents: This is a question for the attorney who created the trust, Patrick. Or you may consult with any good estate attorney. Legal questions are for attorneys too answer. Real estate brokers can answer real estate questions. I do wish you well. Dick Dennis dixiedee13@aol.co...

Buying or Selling a Home: No title on mobile home, cannot sell, lay lake, two acres
lay lake, two acres, aol: After you have asked the seller and the bank in certified letters and you get no response or an unsatisfactory answer, there is only one thing you can do, Debbie, and that is to hire a good real estate attorney to set things right, and that would include (possibly,...

Buying or Selling a Home: How to write a document to give doublewide away., buying, investing
buying, investing, mortgages: Hi Dolores, Depending on how you took title to the doublewide, some of the older titles are actually like an auto title, you would just take care of this at the DMV and gift it to her. If it is in Real title, then you just need to deed it over to her...

Buying or Selling a Home: Where do I stand?, building contractor, home inspector
building contractor, home inspector, home inspection: Go back to the seller and give them the opportunity to resolve the issue. If they choose not to, then you will have to proceed through legal means. Keep all receipts and documentation of the damages, repairs, your efforts to minimize the issues and prevent...

Buying or Selling a Home: Appraisal - Post Mortgage, stocks and bonds, time home buyer
stocks and bonds, time home buyer, buying stocks: Dear Marie: There are many, many people in your situation. Either by buying a hone and not having a crystal ball to tell them that the boom cannot last forever. Or, buying stocks and bonds - or other investments - and having them go down in value as well....

Buying or Selling a Home: Buying a house owned by a trust, local realtor, expressing your interest
local realtor, expressing your interest, buying a house: Melanie - To find out who owns the house, consult with a local REALTOR®. They can pull up tax records and find out current status of ownership. Based on the information given, you may be able to write a letter to the owner expressing your interest in...

Buying or Selling a Home: Florida Eviction Laws - Melbourne Florida, florida eviction laws, eviction notice
florida eviction laws, eviction notice, melbourne florida: I would check on the internet as to specific eviction laws in Brevard County. You did not say whether they are paying rent or not paying rent, so they may not be subject to eviction laws. I would also send them a Certified Letter, return receipt, asking...

Buying or Selling a Home: signing a lease under false pretenses, initial answer, code of ethics
Buying or Selling a Home: signing a lease under false pretenses, initial answer, code of ethics, new lease

Buying or Selling a Home: Handyman ripoff- statute of limitations for small claim court, home improvements, home remodeling
home improvements, home remodeling: Hey Anna, I do not know the exact answer to this question. Visit the link below and it should answer you questions: http://www.illinoislegalaid.org/index.cfm?fuseaction=home.dsp_content&contentID=2498 Most sales contract cases will have a 4-year...

Buying or Selling a Home: house, renting or buying
renting or buying: Hi Henry, Buying is only better if you see the value in buying. Yes eventually you get to keep the house, once the mortgage is paid off...There will always be property taxes and maintenance you must preform instead of calling the landlord. Home is a...

Buying or Selling a Home: house, rent or buy housing
rent or buy housing: Whether or not buying is better than renting depends on many factors, but if you look at just financial ones, that usually tells the story. Rental prices tend to move slowly, but housing prices can move quickly. So in most parts of the country, in 2006,...

Buying or Selling a Home: house, rent vs buy
rent vs buy: Hi Henry, I don t know your situation, but generally speaking buying is a better deal for you than renting. All things being equal, when you rent you don t build any equity, you are virtually throwing money away. You also get a tax benefit from home ownership...

Buying or Selling a Home: house, home buying, home inspection
home buying, home inspection, home inspector: Hey Henry, You will have to decide if it is to your advantage to buy. Normally over the long run buying is best, but you have to consider the following: How long you plan to live in the given area? How much can you buy the home for versus the selling...

Buying or Selling a Home: Less Land than we thought, cost per square foot, jessica bryan
cost per square foot, jessica bryan, buyer agent: Dear Debbie; When a listing agent lists incorrectly he or she is accountable for the correct information. Since it was measured by the listing agent this is the one responsible and to whom you should file a complaint. I am not sure if (from your question)...

Buying or Selling a Home: Property Line Issue, adverse possession, fha mortgage
adverse possession, fha mortgage, fence posts: Hi Katie, I agree, to an extent, with the title attorney you spoke with as far as NOT removing the fencing and AC unit. Keep in mind, however, that I am not an attorney, and my comments below are NOT intended to be legal advice, but rather 26 years of real...

Buying or Selling a Home: Property Line Issue, adverse possession, fha mortgage
adverse possession, fha mortgage, fence posts: There is one main reason why I wouldn t buy that property, Katie, and you hit lightly on it. And that is you do not know how much of a problem you will have sometime in the future when it comes time to sell. You can automatically knock off some of the asking...

Buying or Selling a Home: Property tax confusion, homestead deduction, mortgage deduction
homestead deduction, mortgage deduction, county managers: I would also ask the attorney who closed transaction. Also explain your situation to a manager of the tax office, not a counter person, if you cant get to a manager, go to the county managers office,Speak with county manager, if not able to speak with...

Buying or Selling a Home: Real Estate Valuation, appraisal price, taxable valuation
appraisal price, taxable valuation, real estate valuation: Good question, My opinion, The value of the property is or should be the market price, you set that at purchase time 6 months ago, if property was on the open market, listed with real estate company. An appraisal will help, but make sure the appraiser...

Buying or Selling a Home: Real estate contract: Exlclusive buyer agreement, uncommon occurance, real estate contract
uncommon occurance, real estate contract, real estate broker: Surprisingly enough, Eddy, that is not an uncommon occurance in real estate documents. But in this case, it is my opinion that the agent has no listing contract with you. However, I am not a legal expert or attorney. If you intend to negate the contract, make...

Buying or Selling a Home: residential buy-out, real estate values, real estate appraisals
real estate values, real estate appraisals, flooding basement: Real estate and family NEVER MIX, it is like oil and water. The problem is the 50/50 ownership, nobody has 51%. Appraisals will always vary, if you get 10 all 10 will be different, consider the highest and lowest and go from there. You have enough...

Buying or Selling a Home: Selling home, existing mortgage, question thanks
existing mortgage, question thanks, necessary documents: No, it is not necessary to pay off ANYTHING, Dan, prior to getting the buyer. Who is feeding you this stuff? Discount? Ridiculous. The only time a discount is in the picture is when you are selling your interest in the mortgage. But that is not happening...

Buying or Selling a Home: How to sell my late Mothers USDA home, usda loan, blissful marriage
usda loan, blissful marriage, part time job: Hello Chad; I am sorry for you and your family s misfortune. I have not had any experience with USDA loan programs so all I can speak to is how most lenders are handling situations such as the one you describe. The person who advised you to get a hold of...

Buying or Selling a Home: selling a home, buying, selling
buying, selling, short sales: Hi William, In a downtrending market do not invest more money... during a great market (prices going up) you only get in the area of 72-89% of your invested dollars back on kitchen, windows, and structural elements ... so during a down market you would...

Buying or Selling a Home: selling partial condo, ec, good luck
ec, good luck, own a condo: Hello ec, Thank you for your question. Is there a mortgage on the property? You need to have a lawyer file a new deed romoving your brother from ownership. If there is no mortgage it is simple. If you are both on the mortgage you may need to refinance...

Buying or Selling a Home: short sale contract, las vegas real estate, las vegas homes
las vegas real estate, las vegas homes, las vegas short sales: Hi Brie, Short sales are no fun! They take a lot of patience, and you never know until you get a final bank approval if you really have a home. Whether or not you can make an offer on another home while you are still in an active contract may depend on...

Buying or Selling a Home: signing a lease under false pretenses, false pretenses, real estate broker
false pretenses, real estate broker, lease renewal: This is a good question. I would need to review the lease too give my best answer. My suggestion is read your lease or hire and Attorney to review lease. Other question was lease signed by ALL parties. My opinion, if you had a legitimate lease it should not...

Buying or Selling a Home: My agent told me I don't need earnest money but the seller wants it, jessica bryan, s broker
jessica bryan, s broker, earnest money: Dear Matt; Your agent needed to collect the earnest money and deposit it into an escrow or trust account as per contract agreement. Since he/she failed to do so the agent is in violation of ethical conduct. Please contact the agent s broker in charge and...

Buying or Selling a Home: Benefit of selling a home, inflation adjustment, investment adviser
inflation adjustment, investment adviser, finance expert: Hi Sallie, Without having more information, I’m not sure I understand what “they” meant, either. If the friends sold their house and rented a two bedroom apartment, it does not make sense to me why the friends would pay someone four percent of their...

Buying or Selling a Home: Buying our first home, las vegas real estate, las vegas foreclosures
las vegas real estate, las vegas foreclosures, las vegas short sales: Hi Nicole, Is this home located in California? If so, you will have to check with a local real estate agent to find out about the grants available in your area. There are quite a number of grant programs, but most of them are location specific. Some you...

Buying or Selling a Home: buying a home, jessica bryan, hundred thousand
jessica bryan, hundred thousand, buying a home: Dear Janice; Since I am not familiar with this kind of contract which is not used in our area I cannot tell you if it is a good agreement. You will need to contact an agent in your area and/or an attorney to look over the agreement. Don t sign a contract...

Buying or Selling a Home: capital gains tax break, 1031, capital
1031, capital, gains: Hello Paul - To take advantage of the Capital Gains Tax exclusion on the sale of your primary residence you must have lived in the property for at least 2 of the preceeding 5 years. The time that you live in the home annually may affect the definition, however...

Buying or Selling a Home: Exclusive Right to Sell/Rent, rent, compensation
rent, compensation: Hi Tammy, I have had a little dealings with AZ contracts, and unfortunately for most principles they are very iron clad with a lot of buyer beware of what you sign. But no matter the state - a contract is a contract. I don t think the 6% renewal is...

Buying or Selling a Home: Gifting a home, probate costs, inlaw suite
probate costs, inlaw suite, family trust: If you want to make sure this doesn t blow up in your pocket book sometime in the future, Heather, you should meet with and consult with a good local ESTATE attorney. Yes, it will cost legal fees, but like I said, you do not want the transfer to cost you SO...

Buying or Selling a Home: Lease Buyout Program, lease buyout, buyout program
lease buyout, buyout program, purchasing a new home: Hey, Phillip. My initial response is a no, you re stuck with that agent, but I have no idea what is in whatever contracts you might have signed. If you don t have time to consult a real estate attorney, at least contact the broker/head of the office...

Buying or Selling a Home: Plumbing, intentional misrepresentation, property condition disclosure
intentional misrepresentation, property condition disclosure, plumbing problems: Hi Ryan, If Maryland requires that a Seller Property Condition disclosure form be filled out and signed by Sellers, check whatever information this Seller provided on any potential plumbing issues, especially sewage backing up into the basement, to see...

Buying or Selling a Home: pertinent info afforded to buyer, fraud, disclosure
fraud, disclosure, HOA: Hello Verna - Lets take each item separately. To begin, if the seller did not disclose anywhere within the contents of the transaction documentation then there is the possibility that the seller may have failed to disclose a material fact. The MLS is not part...

Buying or Selling a Home: property condition disclosure statement, property condition disclosure statement, property condition disclosure
property condition disclosure statement, property condition disclosure, property disclosure: Laws may differ from state to state so it would be advisable to check with your attorney before closing on the home. However, I do know that regardless of who the buyer is, anyone buying a home should have access to all disclosures and therefore, regardless...

Buying or Selling a Home: real estate loan & title, warranty deed, full of beans
warranty deed, full of beans, county recorder: The bank is full of beans, Kim. It is very simply done this way: After you get your loan with your partner and you are recorded on title and everything has settled down, you and your partner create a warranty deed (any time you choose), each of you giving...

Buying or Selling a Home: SALE OF DEEP OF TRUST, loan modification, foreclosure
loan modification, foreclosure, good luck: Vicki, If the home goes to auction I would plan to move out soon. You could wait till the sheriff shows up,but then you are forced to get what you can at that moment. So, if you can not get the refinance then I would start moving all your important items...

Buying or Selling a Home: Selling, jessica bryan, private loan
jessica bryan, private loan, open to suggestions: Dear Karen; If your son is losing his house to foreclosure the only thing he can do to buy your father s house is to pay cash for it. He will not be able to get a loan. If he doesn t have enough cash to buy the home perhaps you can arrange for him to do...

Buying or Selling a Home: TITLE TRANSFER, selling homes, transferring home deed
selling homes, transferring home deed: Hi Joanna, What you need to determine is whether she owns the property or not. If she doesn t own the property and is in a mobile home park, then the trailer is not considered real estate, it is purchased and transferred like a car purchase so it would...

Buying or Selling a Home: Apprasial and Lack of Acceptable Comps, fha inspector, apprasier
fha inspector, apprasier, appraisal industry: Hey, Gloria. You and your agent can request a different appraiser, one more knowledgable and with more experience. Keep in mind that the lender really does want to lend the money to the buyers to buy your home, but sometimes it takes the sellers and the...

Buying or Selling a Home: What to ask for and getting it, condo docs, representation for a sale
condo docs, representation for a sale: OK. First of all, congrats on having enough cash to buy a property on your own. Second of all, shame on you for not being careful with your hard earned dough! A real estate attorney would have cost you about $600, and you re about to find out what they...

Buying or Selling a Home: backing out of selling my house, breach of contract, termination agreement
breach of contract, termination agreement, pocket expense: Hi Trever, If the buyer agrees to let you out of the agreement between the two of you, get this in writing – but have an attorney draw up the agreement to terminate, spelling out the terms of the termination agreement so that you are completely protected...

Buying or Selling a Home: Business Relationship Between Broker and Buyer, dual agent, business relationship
dual agent, business relationship, extra fees: If the agent who is showing you the home has done the work, 2 showings already, and is OK to deal with, then you do not need your own agent. In my experience, you will get a better deal with the listing agent as he or she has more to gain if you buy the...

Buying or Selling a Home: buying a bank owned home, tile company, real estate agent
tile company, real estate agent, buying a bank owned home: Sorry to read your plight, Ted, but what do you want ME to do? You should be working with a real estate agent who should know enough to make sure your transaction goes through all right. A good real estate agent is the person you should be using so you don...

Buying or Selling a Home: Buying House, personal judgment, time karen
personal judgment, time karen, lein: Let s take this one step at a time, Karen. If your current house is in foreclosure, no doubt your credit has been shot by the fact that you have not been making your payments. If your credit is shot, you will not be able to qualify for a new loan on the new...

Buying or Selling a Home: Buying a lot and a home that we would like to tear down., warranty deed, claim deed
warranty deed, claim deed, liability coverage: Hi Cassandra, Not knowing what type and amount of a loan you will be applying for, and also what typical closing costs are in your area, a local lender in your area will be able to give you accurate information on what you should expect to pay for closing...

Buying or Selling a Home: cash sale of house to father: do we need escrow?, real estate lawyer, real estate broker
real estate lawyer, real estate broker, grant deed: Because I would want you to not have any problems down the line, Nathalie, I strongly suggest you let a title company handle the transaction because you just never know what may have or could have happened to your title in those three years. The fact that...

Buying or Selling a Home: Closing Date Botched, contracts, breach of contract
contracts, breach of contract, buying: Hi James, Although I can tell you in 10 years this will be a story for the kids, it stings right now... You assume the realtor is to blame? They only know what is being told at the time to them. Both Principle sides (buyer side/seller side) signed...

Buying or Selling a Home: no-doc mortgage loan, direct lenders, doc mortgages
direct lenders, doc mortgages, wasting your time: You better have EXCELLENT credit and income that is legitimate, Ben. Otherwise, you are wasting your time . . . unless you are going to knock on virtually every bank s and lender s door. If you do find a lender of some kind, you are going to pay BIG a interest...

Buying or Selling a Home: Find something wrong after buying a house, kitchen cupboards, small claims court
kitchen cupboards, small claims court, plumbing system: Home inspectors are instructed to NOT turn things on that are turned off at the time of inspection. Once he handed the report to someone and they do not get it resolved before the purchase of the home, then it is that person s responsibility. Everyone else...

Buying or Selling a Home: First buyer, buying, selling
buying, selling, inveting: Hi Mansoor, Welcome to the US.... I applaud you on wishing to have the American Dream of owning a home.... You will need to seek the advise of a financial advisor, number one to see if you have the cash to purchase or the means to qualify for a loan....

Buying or Selling a Home: First right to purchase., first right of refusal, right of refusal
first right of refusal, right of refusal, option contract: Hi Muriel, There are a couple different ways this could be handled, depending on the custom in your area; and my response below is based on an assumption that your intent is to try to make some profit on your sale to your buyer. Not knowing all the details...

Buying or Selling a Home: First time buyer, home buying, home inspection
home buying, home inspection, home inspector: I recommend buying when ever possible, just remember to have a good home inspection performed before you close on the property. Have an addendum in the sales contract that puts the final sale and buying of the property contengent on the outcome of the home...

Buying or Selling a Home: First time buyer, first time buyer, real estate investment
first time buyer, real estate investment, commercial investments: Dear Mansoor; I agree that it is a good idea to buy a home (especially with interest rates being at an all-time low and home prices being lower as well. However; it is not necessarily a question of whether it is a good time to buy. It is more about whether...

Buying or Selling a Home: To foreclose or not, rio rico, detective work
rio rico, detective work, google: If you Google (Wikipedia) Rio Rico, Allyson, you ll find that at one time (up until 1970), Rio Rico was part of Hidalgo County in Texas. But there was a problem with the Rio Grande in thatsome people moved the boundary line (Mexico calls it Rio Bravo) include...

Buying or Selling a Home: Home Inspection, fha inspections, roofing nails
fha inspections, roofing nails, roofing nail: Hey Lori, Sorry for the late reply, I never received the notice of a question pending. I will answer your questions one at a time. As far as the circuit in the kitchen, there may or may not have been anyway for the inspector to detect this 8 years ago,...

Buying or Selling a Home: Leaking roof, roof leaks, seller disclosure
roof leaks, seller disclosure, roof tiles: Dear Kenny; I am not absolutely certain what the laws and practices are in South Africa; but I do know that here in the United States, when someone buys a house they have it inspected before buying it. Then, if there are problems associated with it they...

Buying or Selling a Home: Making sure spouse has no authority with house deed.., divorce attorney, dear mike
divorce attorney, dear mike, having an affair: Dear Mike: Even though you are responsible for paying the mortgage, you are obviously both owners of the house. However, I do not know the laws of your state nor how the title is held in your names; there are many ways in which to hold title. You are both...

Buying or Selling a Home: Making sure spouse has no power with deed!, survivorship deed, hi mike
survivorship deed, hi mike, having an affair: Hi Mike, Sorry to hear about your marital problem. I’m not trying to “pass the buck,” but your question is a legal one and should be directed to an attorney. I am not qualified to give legal advice and it is against real estate law for me to give...

Buying or Selling a Home: modular deed transfer, recipets, deed transfer
recipets, deed transfer, money situation: First of all, Dawn, the land is in your name because that is all you really need. Because the modular home is not connected to the land (apparently no base or foundation connected between the house and land), the house is NOT real estate. It is classified...

Buying or Selling a Home: Pool, small claims court, pool season
small claims court, pool season, warranty company: Hey, Jennifer. What you re experiencing is a common problem and a common misconception about insurance. If you did not have the pool and related equipment inspected prior to close of escrow, then the insurance company probably isn t going to pay, so at...

Buying or Selling a Home: renting out deceased mom's home, split vote, prospective tenant
split vote, prospective tenant, majority vote: Hi Grace, I apologize for the delay in responding. My Mother has had two strokes in the last month and is hospitalized, and my time does not seem to belong to me right now. Unless you want to, or on the advice of an attorney, it is not a legal requirement...

Buying or Selling a Home: short sale/foreclosure, mortgage payments, negative response
mortgage payments, negative response, illegality: As a broker, Nomi, I cannot make any suggestions that may smack of illegality. However, the family member certainly can buy his house this way . . . if the bank will cooperate. This is going to take some REAL negotiating and trusting the family member. ...

Buying or Selling a Home: Statute of limitations, Sellers Disclosure
Sellers Disclosure: Hello Jack- This is basically a legal question for a California attorney. But if I was to take a crack at it: A) Typically disclosure forms by sellers are incomplete. B) Typically buyers must do their own due diligence and inspection(s) (although...

Buying or Selling a Home: Being on the Title vs being on the Mortgage, sound direction, sole person
sound direction, sole person, legal specialist: Dear James: Although you are the sole person responsible for the loan, he seems o be responsible for your problems. In real estate, all agreements should be in writing. It is very difficult to prove and enforce verbal agreements in real estate. He did...

Buying or Selling a Home: Title company dishonest, managing agent, insurance commissioner
managing agent, insurance commissioner, title company: Chances are, Susan, the title company is being square with you. Title ccmpanies have to account for their actions to the state s insurance commissioner. But as long as you had a broker work with you in the purchase of the property, I recommend you have her...

Buying or Selling a Home: title, deed, loan modification, real estate taxes
loan modification, real estate taxes, title deed: To make sure I understand you, Jan, you paid cash for the land, therefore, the real estate is totally yours. Then you put a mobile home on the land. But you did not indicate that you put a foundation under the mobile home to connect AND BE A PART OF THE REAL...

Buying or Selling a Home: Title Search, land grants, purchasing insurance
land grants, purchasing insurance, king of spain: It depends what kind of title search you want, Upinder. A true title search actually checks every detail on the title of a property . . . all the way back to when the U.S. became a nation and even before when the king of England transfered large land grants,...

Buying or Selling a Home: Wife hopefully no power with deed, smart attorney, divorce attorney
smart attorney, divorce attorney, confab: As Shakespeare puts it, The law s delay, Mike. That, of course, means that the process of anything involved in the law proceeds at snail s pace. But your wife, with a smart attorney, really doesn t need your signature for a partition. If she wants her portion...

Buying or Selling a Home: buying at auction, auctions, buying
auctions, buying: Hi John, Congratulations on planning on purchase income property... great investment these days... I don t know exactly how Virginia works, but here in California you will have to bring in cashiers checks to the auction, so postdating is not an option....

Buying or Selling a Home: closing on house in mount vernon ny, bank approval, real estate agent
bank approval, real estate agent, mount vernon: Hi Janneth, Thank you for your question. Congratulations on buying a short sale! You are probably getting a great deal. I suspect the house needs work so while you prepare for that have your real estate agent help the tenant find a new place to live....

Buying or Selling a Home: contract, jessica bryan, rental house
jessica bryan, rental house, credit scores: Dear Joyce; I don t know what your contract looks like (how it was written and what is stated.) There could be some other contingencies in it. Do you have an attorney? You might have the attorney look over the contract. Most contracts have a few contingencies....

Buying or Selling a Home: downpayment, certified public accountant, real estate questions
certified public accountant, real estate questions, downpayment: Hi Thomas, Your question should be directed to an accountant or CPA (Certified Public Accountant) who is up to date on the regulations regarding withdrawals from 401K’s. Sorry I could not help, but this is not my area of expertise and by law, I cannot...

Buying or Selling a Home: Finding Real Estate Deals, property management company, real estate investor
Buying or Selling a Home: Finding Real Estate Deals, property management company, real estate investor, bandit signs

Buying or Selling a Home: Fannie Mae, prior to funding, stipulations
prior to funding, stipulations, Fannie: Hello Kristy - In Arizona the Pest Control Company agrees to be paid as a condition of closing, which means that they perform the work prior to closing and send the escrow company the invoice for the service performed. When the property closed the company...

Buying or Selling a Home: Finding Investment Deals, residential investment properties, coldwell banker united realtors
residential investment properties, coldwell banker united realtors, google search: Dear Rashad, I am licensed in Florida, not Georgia, however based on a Google search I found several websites to search for your own properties. My first thought was to suggest Realtor.com since it is the largest and most accurate real estate website out...

Buying or Selling a Home: Finding Real Estate Deals, residential investment properties, jessica bryan
residential investment properties, jessica bryan, free websites: Hello Rashad; You can look up Forsalebyowner.com or realtor.com. The homes that are on the second site are listed with a real estate company. However, you don t have to use an real estate agent to represent you. I do think that you might want to ask around...

Buying or Selling a Home: Finding Real Estate Deals, buying, HUD offers
buying, HUD offers, selling: Hi Rashad, HUD you can search direct, however you must us a realtor per HUD... I honestly suggest you find a buyers agent you can work with to help you in your hunt... although it is great to do side searching on your own... you will always get more,...

Buying or Selling a Home: Finding Real Estate Deals, residential investment properties, courts office
residential investment properties, courts office, estate deals: Good question, but I dont know any websites,most want to sell you something and many are out of date the day it is published or offered. I still suggest you work with an agent, that specializes in foreclosures and investment properties in your area. If not...

Buying or Selling a Home: Finding Real Estate Deals, residential investment properties, auction properties
residential investment properties, auction properties, estate deals: My best advice is to interview agents and find one that fits with your personality and real estate vision before you do any deals with them. There are good ones out there, there are just a lot of bad ones too. That said www.lpsauctions.com is a good one...

Buying or Selling a Home: Grant Deeds, revocable living trust, grant deed
revocable living trust, grant deed, joint tenants: Yes, you may, August, however, I would strongly recommend you talk to a good local estate attorney about putting together a Revocable Living Trust. Why? It s very simple and accomplishes what you are trying to do and income tax wise it is the best for you...

Buying or Selling a Home: International buyers for US homes., purchase contracts, buyer clients
purchase contracts, buyer clients, customers money: Hello Mansoor, Thank you for your questions. Please excuse the delay. This was Independence Day weekend and I finally had some time away from the computer! My profile no longer says Afghanistan, it is changed to United States. If your buyer clients...

Buying or Selling a Home: International buyers for US homes., us government website, jessica bryan
us government website, jessica bryan, real estate broker: Dear Mansoor; If these buyers are paying cash and are ready to buy homes, the best thing to do is to contact a real estate broker in your area who works with investors. He or she can advise you on the restrictions, etc. There are restrictions in how many...

Buying or Selling a Home: naca, neighborhood assistance corporation, neighborhood assistance corporation of america
neighborhood assistance corporation, neighborhood assistance corporation of america, scott pelley: Here is some light I can shed on NACA, James: It stands for Neighborhood Assistance Corporation of America. From what I found out, they do not help anyone BUY houses. They are supposed to help homeowners KEEP their homes should they fall into foreclosure....

Buying or Selling a Home: quit claim, mortgage amounts, mortgage amount
mortgage amounts, mortgage amount, claim deed: It s definitely seems like a scam, Maureen. In my opinion, Two states are noted for scams: Utah and Florida. Further, Florida attorneys are big on stealing property from especially older people. You may have heard of an attorney named Stern who came away...

Buying or Selling a Home: Quit Claim Deed, y suggestion
y suggestion: My suggestion, I would invest in a title exam with a very good real estate attorney before you do anything. The title issues are a concern, if the property is listed for sale, most listing agreements state title to pass fee simple free of defects. With all...

Buying or Selling a Home: Real Estate Deals, residential investment properties, commercial investment member
residential investment properties, commercial investment member, real estate broker: First of all, Rashad, you CANNOT buy a HUD home without a licensed real estate broker or agent. Period. If you have had unsavory experiences in looking for residential investment properties, that means you have NOT had a CCIM working for you. That is a...

Buying or Selling a Home: Real Estate Deals, residential investment properties, estate deals
residential investment properties, estate deals, free websites: Hi Rashad. You could try Realtor.com, Trulia and Zillow. These are sites that have listings all over the country and should have what you are looking for. I do not know of anything specific to Georgia. Wish I could be of more help. Hope you are well and...

Buying or Selling a Home: Real Estate Deals, real estate, homes for sale
real estate, homes for sale, foreclosures: Hi Rashad, There are a number of free national sites that you can use to search for properties in any part of the country: realtor.com, homes.com, trulia.com, realestate.yahoo.com, etc. The problem with the national sites as opposed to the local agent sites...

Buying or Selling a Home: Realtor Fraud, mortgage obligation, mortgage fraud
mortgage obligation, mortgage fraud, relationship breakup: Hi Sherry, The quit claim does not remove any one from the original promissory note, only payoff of the debt or foreclosure will remove any one from the debt. Again,there are legal issue here that require a lawyer, but you should have received a reconveyance...

Buying or Selling a Home: sellin old house trailer, house trailer, purchase contract
house trailer, purchase contract, nori: Hello Ed, Thank you for your question. The best way to work it out is when you make the offer. Your real estate agent would have to add wording to the purchase contract, such as seller to remove house trailer ten days before close of escrow. Or, there...

Buying or Selling a Home: Selling My Portion of the Deed & Mortgage, deed mortgage, mortgage payments
deed mortgage, mortgage payments, change of ownership: Yes, Joan, you may sell your interest in the property. But be aware that there is a clause in your mortgage that frowns on someone else taking over your interest in the property. I say frowns rather than forbids because of today s economy in which banks...

Buying or Selling a Home: transfer of ownership, warranty deed, tax concerns
warranty deed, tax concerns, tax expert: Maybe, yes, and yes, Eugene, in answer to your three questions. I recommend that A consults with a tax expert or CPA to make sure her gift to her daughter is done correctly. Not knowing what her basis is in the property, I am not able to answer properly....

Buying or Selling a Home: waiting, fha loan, credit advice
fha loan, credit advice, credit score: Alex - Your potential ability to purchase another home depends on 1.) your credit score 2.) how the modification, default, short sale, or disclosure is reported on your credit and 3.) what type of loan you are pursuing and 4.) when you are pursuing it. ...

Buying or Selling a Home: water seepage in home we bought, decay wood, water seepage
decay wood, water seepage, john mckenna: Water and moisture is conducive to mold, decay, wood destroying insects and corrosion in electrical parts. It has been rated the #1 enemy of a home..! Hire a lawyer and get the facts documented ASAP. Then demand your rights. This is a big issue and...

Buying or Selling a Home: Buying on contract a good idea?, self-employed, mortgages
self-employed, mortgages: Hello: Two main thoughts: A) Apply to local banks with small footprints, and find one that is holding on to loans instead of selling them. If your home expenses are 25% of your AGI, you ll find a bank that will do the loan with 20% down. Maybe not...

Buying or Selling a Home: Buying a corporate owned home, neighborhood support, jessica bryan
neighborhood support, jessica bryan, time home buyers: Hi Stephanie; What the response meant was that you should first be pre-approved for a loan before the corporate owner will consider or accept your offer. You are not under contract and because of this they are free to accept another offer. I would like...

Buying or Selling a Home: Buying a home, knowledgeable realtor, new home construction
knowledgeable realtor, new home construction, experience expertise: You are smart to be skeptical at this point. You have not looked around enough. Whoever suggested that you tour around the area was doing you a big favor. If you act too anxious to buy a house you may regret it. A lot of for-sale signs in any particular area...

http://en.allexperts.com/q/Buying-Selling-Home-1476/2011/8/buying-house-25.htm


Buying or Selling a Home: Buying a new home, independent home inspector, john mckenna
independent home inspector, john mckenna, warranty law: Yes, you need a home inspection. You have no idea what new sub-contractor works on any given house on any given day. You ability to get someone to honor any warranty is not much comfort. Don t assume everything is OK. We find all types of defects in new...

Buying or Selling a Home: Buying a new home, home inspection, phased home inspection new home inspection
home inspection, phased home inspection new home inspection: Yes, I would not buy a home with phased inspections. You will only need three phases: Pre-slab, Pre-Sheetrock and Final. Each phase should have a follow-up inspection to insure repairs were completed. Robert Welch ATEX Inspects www.atexinspects.co...

Buying or Selling a Home: capital gain?, capitol gains, 1031 exchange
capitol gains, 1031 exchange, capital gain: Ask your accountant the best way to handle that. Not sure where you are in the transaction, but you may be able to do a 1031 exchange and pay no taxes. Also you would have available a one time deferred for retired over 65, if you choose to use it on that property....

Buying or Selling a Home: closing date, closing date, amount of time
closing date, amount of time, negotiation: It really depends on how important the document is, Jerry. The key phrase here is on or about rather than on or before. It would seem to me that the document on which this phrase is written is not that much of an important document. It would mean, in my...

Buying or Selling a Home: Condo, proper legal advice, delaware llc
proper legal advice, delaware llc, husbands name: Hi Anthony, I do not know what, or if there would be any, legal implications involved with a deed having been executed by a grantor (your sister’s husband) which was never recorded, and then being recorded AFTER the grantor’s death. This is where you need...

Buying or Selling a Home: MY DAUGHTER’S BOYFRIEND HAS STOLLEN HER/MY HOUSE, state attorney general, family trust
state attorney general, family trust, local district: The only thing you can do, Teri, at this time is to talk to a good local real estate attorney. This matter has to be taken before a judge. That good attorney will also make sure that the boyfriend pays for what he has done. I recommend you take care of this...

Buying or Selling a Home: Issues after the home inspection., city inspector, home inspectors
Buying or Selling a Home: Issues after the home inspection., city inspector, home inspectors, ccb

Buying or Selling a Home: Online real estate course vs. classroom
Buying or Selling a Home: Online real estate course vs. classroom

Buying or Selling a Home: Can the government intervene in the housing market?, fannie mae and freddie mac, wall street brokers
fannie mae and freddie mac, wall street brokers, mortgage lenders: Hi Kevin, What an interesting question. While I am neither a political analyst nor an economist, my writing below is simply my personal opinion. I believe we are in the mess we are in now BECAUSE OF our government. There were numerous warnings, and...

Buying or Selling a Home: Home Inspection, canadian borders, ryan homes
canadian borders, ryan homes, centex: Hey, Alex. Since homes are made by people, and people are human, so to speak, they make mistakes. There are also instances of dishonest subcontractors. I don t know where you re at, but the closer you get to the Mexican and Canadian borders, the more...

Buying or Selling a Home: home inspection, home inspection report, son and daughter
home inspection report, son and daughter, home inspector: Hey, Maryellen. Determining the manufacture date of appliances and equipment is not part of a normal home inspection. There are many of us who do try to determine the date of manufacture, but it s not always possible because of missing manufacturer plates,...

Buying or Selling a Home: Home owner contract, owner contract, estate purposes
owner contract, estate purposes, marlborough: Hello- The contract you re talking about is the Deed . If your brother has a mortgage on the property, the bank has decided that your brother can own the land, while he pays the mortgage. He can t transfer the property, or sell, usually any part of it...

Buying or Selling a Home: Investment Property, income property, renting
income property, renting, investing: Hi David, Great question, look for ease to/for the tenant, good amenity, close to shopping and schools is nice. So is yard space, allowing pets, do things other landlords may not be willing to do... Check the rents to other properties comparable to...

Buying or Selling a Home: Issues after the home inspection., home insulation, city inspector
home insulation, city inspector, duct work: It sounds like some of the defect should have been discovered by your inspector. See a lawyers to advise you on what to do about it in your state. Regarding the city inspector, good luck with that. Most city inspectors cannot be sued. Hope this helps,...

Buying or Selling a Home: Online real estate course, career question, las vegas real estate, las vegas homes
las vegas real estate, las vegas homes, las vegas real estate firms: Dear Linda, I can tell by your message that you have a wonderful personality and would make a great agent! And I am certain you would probably have no problem taking the online courses and passing the test for licensing. In addition, many firms do have...

Buying or Selling a Home: Online real estate course vs. classroom, real estate classes, info marketing
real estate classes, info marketing, telecom business: Dear Linda; To answer your first question: In my opinion,the classes to get your license are not as important as the on-the-job learning you receive after you get your license. They are the basics that cover the laws and the basics like terminology as well...

Buying or Selling a Home: Procedures regarding closing, earnest money deposit, jessica bryan
earnest money deposit, jessica bryan, reputable agents: Dear Alice; I do not practice real estate in New Jersey but I can tell you that anywhere that I have sold homes or heard of home purchases the cash deposit (which is the earnest money deposit)is the only part of the transaction that is held by an attorney...

Buying or Selling a Home: Real Estate Companies?, las vegas real estate, las vegas homes
las vegas real estate, las vegas homes, las vegas real estate firms: Hi, Susan, You will probably not be able to find much on the Internet about real estate businesses for sale. Are you looking to buy one in your area, or are you considering several areas around the country? This is not really a real estate question, but...

Buying or Selling a Home: Real Estate Companies?, coldwell banker united realtors, typical interest rates
coldwell banker united realtors, typical interest rates, commercial real estate brokers: Hello Miss Wilson, Thank you for your question! The SBA is a great option for a business loan; another is a commercial lender. Be prepared to put 20-30% down on any loan you get and to pay 2-3% higher than typical interest rates. In order to find a...

Buying or Selling a Home: Real Estate Companies?, stock brokerages, stock brokerage
stock brokerages, stock brokerage, google: If you want to invest in ANY company, Susan, I would recommend you contact a stock brokerage of your choice. And when you contact them, you can ask them how you can borrow the money to buy an interest in SBA or any company, for that matter. Some stock brokerages...

Buying or Selling a Home: Realtors & Real Estate Agents, new homebuilders, realtors real estate
new homebuilders, realtors real estate, new home builders: Dear Alex; The new home builders you referenced are able to build homes at a very competitive price because of the volume that they do (even during tough times!) As for the listings of homes that were provided by the real estate agents: I don t know why...

Buying or Selling a Home: remodel. future resale, bedroom closets, jessica bryan
bedroom closets, jessica bryan, having a shower: Hi Lois; Changing the bathroom by eliminating the bathtub is not a good idea since it is the only tub in the house. Keep it. There are plenty of people who want a tub. Also, if you were to eliminate a door it also limits usage and probably not a good idea...

Buying or Selling a Home: remodeling, resale, bedroom closets, kitchen flooring
bedroom closets, kitchen flooring, having a shower: Sorry getting back so late, have been out of town. My suggestion, is leave home as it was built,don t rebuild older home.... make updates to existing rooms, ie, bath rooms and kitchen,flooring and updates are hardware, fixtures, and appliances, counter tops,...

Buying or Selling a Home: Seller Disclosure, real estate broker license, seller disclosure
real estate broker license, seller disclosure, raw sewage: You bet, Loren. The seller must disclose EVERYTHING the seller knows about the property and the real estate agent must also, as long as it is disclosed to him/her. There is a document that EVERY seller must sign that tells the buyer all that is negative with...

Buying or Selling a Home: Selling Home in Florida., knotty pine walls, knotty pine cabin
knotty pine walls, knotty pine cabin, knotty pine tongue and groove: Great question to ask before you venture into these renovations! My first inclination is to say replace them with sheetrock. However, there are other factors to consider before making this decision. How does this home compare to similar homes in your area?...

Buying or Selling a Home: Advice, fannie mae and freddie mac, fannie mae
fannie mae and freddie mac, fannie mae, selling a property: Well, you cannot get much better credit than that, Rashad. So, I strongly suggest you treat him right. Do NOT ever take advantage of him and make sure he is aware of what you are doing every step of the way. It would also be a good idea if you create a trust...

Buying or Selling a Home: Advice, real estate investing
real estate investing: Hello Rashad, You say that you are trying to get back into the real estate investing field . This would indicate that you had done it before? If you have done it before, what was your experience? Why are you trying to get back ? I m afraid I don t understand...

Buying or Selling a Home: title company issued wrong title, local tv station, title insurance company
Buying or Selling a Home: title company issued wrong title, local tv station, title insurance company, good spirit

Buying or Selling a Home: General Inquiry, lowellville ohio, jessica bryan
lowellville ohio, jessica bryan, billing rate: Hi Nickey; I suggest that you contact a real estate company in Lowellville and ask to speak with the managing broker. Ask the broker whom he or she would suggest work with you as a Buyer s Agent. Then talk to that person and ask lots of questions about the...

Buying or Selling a Home: house zoned. urban commercial ?, buying, selling
buying, selling, residential: Hi Stephanie, Unfortunately at this juncture since it is bank owned most likely nothing short of you and your husband qualifying for a commercial loan... typically requiring 25-45% down and on an adjustable loan as I do not believe there are any commercial...

Buying or Selling a Home: Are Las Vegas condos good investments right now?, rental pool, city of las vegas
rental pool, city of las vegas, lake las vegas: Dear Samantha, I am not sure on the returns, because you don t know that until you sell. However, Nevada was hit hard in the crash, right up there with Florida or Arizona. You can buy a condo cheap nowadays, but if you do, be sure to investigate how the...

Buying or Selling a Home: Low Appraisal; Now What?, self employment income, fha appraisal
self employment income, fha appraisal, fha loan: The Lender is a collection of people, who, by and large, don t know what each other is doing. The Lender trying to make this work is a bunch of hooey. They already have a good appraisal, and won t use it. How is that trying? I won t bore you with the...

Buying or Selling a Home: Property appraisal by tax assessor, selling homes in maryland
selling homes in maryland: The tax assessment is not necessarily market value. Here in Maryland, the tax assessments vary widely depending upon when they were assessed (1/3 of the state is assessed every 3 years) and sometimes are really far off. I would challenge the assessment and...

Buying or Selling a Home: property purchase for family member, mobile home loans, dmv office
mobile home loans, dmv office, insurance repairs: Most likely, Mike, the ownership of the mobile home will be reflected on a document much like your car since it is the DMV that takes care of the title of mobile homes if it is not on land you own. So, you should ask these questions of the DMV office. Having...

Buying or Selling a Home: property tax, henry county, revaluation
henry county, revaluation, property tax: Thanks for your question. Many things can effect value, both land or homes and land. Zoning,recent sales,topo,acreage. Cant tell you why in your area, but values differ. Many times someone could have had a re revaluation of their lot, this could effect the...

Buying or Selling a Home: Realtor on HOA Board receiving Builder referral fees, HOA, Conflict
HOA, Conflict, Conflict of interest: David - If the REALTOR was a member of the HOA itself then possibly based on the actions not the contractual nature. Being on the architectural committee I don t see a conflict of interest however that does not mean there may not be again based on the actions...

Buying or Selling a Home: How can I retrieve my earnest money?, small claims court, loan collateral
small claims court, loan collateral, earnest money: Assuming your earnest money is $7,500 or less, Sharon, I would take the other firm to small claims court. You most likely had a real estate agent handling the transaction at the time. Therefore, you might want to ask that agent s office manager for the refund...

Buying or Selling a Home: selling a home, real estate broker, local real estate
real estate broker, local real estate, selling a home: If you have a problem with your mortgage being larger than the value of your home, there is nothing much that can be done other than waiting a few years until the values of real estate rise once again, Gerald. If the value of your home has fallen enough to...

Buying or Selling a Home: title company issued wrong title, chris answer, warranty deed
chris answer, warranty deed, insurance attorney: As long as an impartial attorney is straightening things up -- and getting paid by the title company that made the error -- I see nothing wrong with how you re being treated in this matter. In fact, I would say they are doing EXACTLY what should be done to...

Buying or Selling a Home: townhouse/condo, townhouse apartment, single family dwelling
townhouse apartment, single family dwelling, condominium ownership: Townhouse is an architectural style and condominiums are a form of ownership. Townhouses are owned various ways: single family dwellings; condominium; planned unit developments. Condominiums and their owners own their air space and a percentage of ownership...

Buying or Selling a Home: townhouse/condo, Town homes, condo
Town homes, condo, differences: Hi Jo, With a true town home you own the roof and the land. So when the home needs to be repainted you pay for it. If the roof needs to be replaced you pay for it. Some people call two story condos town homes too, but that is incorrect. With a condo you...

Buying or Selling a Home: Adverse possession, adverse possession, happy new year
adverse possession, happy new year, central virginia: One of the requirements for a successful adverse possession, Joe, is that the person who is trying to take over the land must pay the taxes for the WHOLE property and as long as you have paid the taxes as required, it s not very likely they are going to be...

Buying or Selling a Home: Buying in Cash, Cash sale, foreclosure
Cash sale, foreclosure, Realtor: Hi Jackie, In most instances, even if you are not paying cash, the selling price is usually less than the list price. The amount less is dependent on a number of factors, how long it has been on the market(The longer, the more anxious they are to sell.),...

Buying or Selling a Home: California Land Contract, california broker, land contract
california broker, land contract, california land: Then you go back to the seller and renegotiate your purchase price, SV. But be sure you have all the ammunition with you. That is you should have all the evidence and comparables there are to show why you should be paying a lesser purchase price. The seller...

Buying or Selling a Home: false information in listing, public sewer system, bank owned properties
public sewer system, bank owned properties, agent banks: Dear May: What a dreadful surprise! And, unfortunately, the answer I have to give you is going to be ambiguous. As it was a foreclosure, it was obviously owned by a bank who followed protocol and gave the listing to an agent. Banks are notoriously...

Buying or Selling a Home: flipping prop advise, fear of the unknown, money loans
fear of the unknown, money loans, investment groups: Hi Darlene, Thank you for your questions. Now is a great time to get started in this type of business! There are many foreclosure to buy, rehabilitate and resell! All you need is a competent, experienced Realtor to work with you to help you find the...

Buying or Selling a Home: Foreclosure property, foreclosure property, foreclosed property
foreclosure property, foreclosed property, mr dennis: No, May. It is up to the buyer to COMPLETELY check the property to the buyer s satisfaction BEFORE he provides an offer to purchase. That pretty much goes for virtually all states with property in foreclosure. I wish you well. Dick Dennis dixiedee13@aol.co...

Buying or Selling a Home: Home Additions, fha 203k, home additions
fha 203k, home additions, neighborhood values: Michael, I am very familiar with Winnetka. I believe you have to look at this as a long term investment and that besides it being an investment it is also your home. If you want a master bath and an enclosed patio and can afford it then do it. Your agent...

Buying or Selling a Home: Home Additions, local realtor, home additions
local realtor, home additions, desirable choice: Hi Michael; Having lived in West Hills for many years before moving to Chapel Hill North Carolina, I know that area well! Woodland Hills and the surrounding areas of Reseda, Canoga Park, etc are still more attractive to those looking for 3 bedrooms and two...

Buying or Selling a Home: Home Additions, room addition, remodel
room addition, remodel, buying: So now you are borrowing money to make an addition? Keep in mind borrowed money is typically repaid (just to calculate quickly) at 3x s the principle $100= $300 on 30 yr term Add 10% - 15% to your proposed cost (their are always over runs especially...

Buying or Selling a Home: home loan, jessica bryan, mortgage company
jessica bryan, mortgage company, bakery: Hi Diana; You usually have to establish your business and show a profit for two years before the lender will qualify you for a loan. There can be exceptions to this if you can show a history of being in the same business elsewhere and running it successfully...

Buying or Selling a Home: How much house?, jessica bryan, pre qualification
jessica bryan, pre qualification, home value: Hi Gabi; It all depends on your income. With a good down payment you can either keep your monthly payments lower or afford to go a little higher. If you consider a monthly payment it should be about 1/4 of your income. I would suggest that you visit a...

Buying or Selling a Home: Land Contract, contract question, real estate broker
contract question, real estate broker, land contract: To protect yourself, Jerry, I recommend you consult and use a REAL ESTATE attorney to execute the necessary documents and have the reluctant payor sign the property back to you. In Wisconsin, a foreclosure usually takes about a year to culminate. So, you re...

Buying or Selling a Home: Loan for home, trustco bank, getting a mortgage
trustco bank, getting a mortgage, jansz: Hi Diana, Getting a mortgage nowadays is very complicated. Speaking directly with a mortgage broker will give you a better guide to your goals than I can. Sometimes the big banks will prefer to hold onto their money rather than lend it out and a smaller...

Buying or Selling a Home: part of property without permit, safety flags, safety flag
safety flags, safety flag, flag issue: Hey, Lisa. Answers to your questions: 1 - Yes, but you might have an issues trying to prove that the agent know. In some cases, you can t even prove that the Seller knew because, as an example that I m familiar with that occurred here in San Diego back...

Buying or Selling a Home: Patio without building permit to a foreclosed property, safety flag, city inspector
safety flag, city inspector, property survey: Very complex question with many answers. The easiest way to handle this problem is to do what the building dept. wants you to do -- pull a permit and correct the situation, whatever it is. If this involves a contractor, so be it. This may be the easy way...

Buying or Selling a Home: Permit Violation on Foreclosed Property, safety flag, city inspector
safety flag, city inspector, property survey: Hello Lisa, Ugh, this is a common problem with buying a foreclosed property! Since you have so many questions, I m going to list the answers to the corresponding question below: 1) Whether they are listed as is or not, licensees and sellers of property...

Buying or Selling a Home: Permit Violation on Foreclosed Property, safety flag, city inspector
safety flag, city inspector, property survey: As long as you knew the purchase of the property required a legitimate property inspector on a foreclosure property, and you did not hire such a person, I don t hold much hope for you. I am positive the purchase agreement you signed specifically indicated...

Buying or Selling a Home: Property disclosure, property disclosure, lisa lisa
property disclosure, lisa lisa, title insurance: Lisa: 1. Does the law in Florida require the seller, through listing agent or seller s agent to supply Seller s Disclosure on foreclosed as is property condition? NO 2. Does the law in Florida require the Seller, Listing agent, Seller s agent to exposure...

Buying or Selling a Home: Renting foreclosed home, hot coals, new mortgage
hot coals, new mortgage, trouble with the law: You got it all twisted, KB. If the owner-in-foreclosure signs over the house to you, then HE is breaking the law because he is in foreclosure and can only sign it over if you pay the bank the amount of the defaulted mortgage. It would only be a matter of time...

Buying or Selling a Home: sale of home and capital gains tax, Homestead, Austin Texas
Homestead, Austin Texas, home: Hi Charles, Sorry to hear about your Mother and Father passing. You will definitely have to check with your CPA on this one. I know if you own a home and live in it for 2 years out of 5 years non consecutive you can keep all the cap gains. This maybe a...

Buying or Selling a Home: selling house while on social security, social security disability, social security number
social security disability, social security number, medical specialists: If you bought the property with your mother, does that mean the title of the house is in BOTH of your names? Or since the taxes are in your name is the title in YOUR name? If it is in your name, your mother need not be concerned about her social security,...

Buying or Selling a Home: Short Sale, bank owned properties, bernstein
bank owned properties, bernstein, good luck: Hi Jackie, Unfortunately short sales are a difficult and lengthy process. There is a separate department that handles this and you as the buyer have little to nothing to do with their decision other than the fact that you are qualified to make the purchase....

Buying or Selling a Home: Tax sales, jessica bryan, courthouse steps
jessica bryan, courthouse steps, deb: Hi Deb; There are services that have lists they sell. You can subscribe to these services or spend a great deal of time digging for the information. The sales are government or bank sales and so you can start there by calling the banks or the tax offices....

Buying or Selling a Home: Advice, buying, selling
buying, selling, investing: Hi Jackie, Congratulations on your investment purchase You have to run your numbers and see what works out best to your bottom line and holding time frame. Larger homes require more upkeep, but can generate more income ... condo s are a smaller investment...

Buying or Selling a Home: Bought a Lemon of a home, filing bankruptcy, water issues
filing bankruptcy, water issues, hanky panky: This is definitely a matter for a good local real estate attorney, Debbie. He/she would investigate as to who is at fault, especially if it is found that some hanky-panky is involved. Word of caution: if the inspections were made by the SELLER then your daughter...

Buying or Selling a Home: Buying a short sale home, short sales in Maryland, Crofton short sales
short sales in Maryland, Crofton short sales, selling home in maryland: A short sale home can be a great buy and is a good situation for everyone involved. It sounds like there may have been multiple offers when you placed your first offer and they probably accepted one that was higher than yours. I ve seen a lot of multiple...

Buying or Selling a Home: house in living trust, escrow department, title escrow
escrow department, title escrow, real estate broker: Here in California, Alice, a copy of the living trust(s) must be given to the escrow company you are using or the title company if you are using in the sale of the property. Of course, they will make a copy of the Living Trusts and return the original to you....

Buying or Selling a Home: House Sell, emotional ties, impending marriage
emotional ties, impending marriage, executor of the estate: Am more than happy to help, Anthony. To avoid unlike display-- If you would kindly email the address of the home in Gary and the contact information you would like the Realtor to use, I will start the search process today. My email address is: Kathryn@NewVintageHome.com....

Buying or Selling a Home: Mobile Home Title Issue, mobile home park, mobile hole
mobile home park, mobile hole, aol: This is a situation that can only be solved with a REAL ESTATE attorney at your side, Debra, even though this technically has NOTHING to do with real estate unless the mobile home is attached to a piece of real estate THAT YOU OWN. As you probably know by...

Buying or Selling a Home: Relocation & money, buying, selling
buying, selling, inspections: Hi Janice, Sounds like your home may be overpriced if you have received no offers since June. The big push selling season is over now and we are headed into the holidays. Have you considered renting the property if you are unable to sell? I have...

Buying or Selling a Home: Selling property after passing of homeowner, quick claim deed, capital gains
quick claim deed, capital gains, taxes: Hi V, I believe that you will have to pay the capital gains tax as it is now your property. You will have to ask your CPA to make sure this is correct. Also, you will have to ask them how much you will owe. Hope this helps with your process of getting...

Buying or Selling a Home: Sewage Back Up 13 days after home purchase, buying, selling
buying, selling, inspections: Sorry to hear about your moms issues... sometimes when a home has sat vacant for a few months problems arise weeks after the occupant moves in. I find it hard to believe the pipes run uphill as water is gravity fed unless there are pumps involved, at...

Buying or Selling a Home: I do not want to sell my home, estate experience, closing cost
estate experience, closing cost, buyers agent: Hi Bill, I really do not like to hear stories like yours. The real estate professional is a service business, and a client’s wants and needs should always come first. I am so sorry to hear that your agent is giving you a problem, especially since you...

Buying or Selling a Home: as-is condition, as is, appraisals
as is, appraisals, code violations: Nina, If your sister is obtaining a loan to purchase the home, the condition of the home could be an obstacle to the appraisal process. It tends to be a flip of the coin depending on which appraiser completes the appraisal and what type of not up to code...

Buying or Selling a Home: Coop stock certificate, apartment mortgage, question banks
apartment mortgage, question banks, stock certificate: HI George, Thank you for your question. Banks often lose things as you probably have heard in the news now with the banking crisis. They should have it in a file somewhere, but may not have it as a priority to find at this time. When it comes time...

Buying or Selling a Home: home buyer/ home owner, real estate contracts, inspection clause
real estate contracts, inspection clause, accurate answer: Hi Sabrina, To answer your question, it would depend if you and your aunt had any sort of real estate or purchase contract when you bought the home from her. A contract would state if you had any legal remedies in some sort of an inspection clause. Typical...

Buying or Selling a Home: Lost house due to miscommunication at agency, pre approval letter, relocation company
pre approval letter, relocation company, sellers agent: Hi Tom, Wow! I m so sorry that happened to you! That s very disappointing! I notice you are in Texas. I practice in NY. Laws vary from state to state so my best advice to you is consult your attorney. I m not a lawyer and so cannot advise you about legal...

Buying or Selling a Home: property bought for back taxes, etowah county, back taxes
etowah county, back taxes, state of alabama: Carolyn, Since I do not practice in Alabama it will be best to consult with a local professional. Each state is different regarding how tax liens are applied and resolved through sale. Please consult with the city, county or state tax assessor or a local...

Buying or Selling a Home: as-is selling, electrical issues, loan agent
electrical issues, loan agent, real estate transaction: Hey, Nina. One never has to bring a house up to code in order to sell it. That s because it would be impossible to do without destroying the house and rebuilding it. Every code book has a little paragraph in it that says something like As long as the...

Buying or Selling a Home: ? violation of ethics by realtors, fha loan, interested buyer
fha loan, interested buyer, closing cost: Hi Vilma, I apologize for the delay in responding. Real estate has been incredibly busy and I have two family members with serious illnesses that I am caring for. I am sorry to hear of your bad experience. First, with an offer coming in so quickly...

Buying or Selling a Home: Buying a house in installments, generic contract, land contracts
generic contract, land contracts, installment payments: I don t know where you got this idea, Jess, but the only time this may happen is if your parents sell you a property, and then that is a very, very bad idea. 1. + 2. There are contracts for deed and there are land contracts. With either one of these,...

Buying or Selling a Home: Federal Taxes on primary residence, city planning department, local real estate
city planning department, local real estate, federal taxes: If I understand how you own your farm and residence, Steve, your home and farm is actually on one parcel. If that be the case, you would need to apply to divide the property so you can indeed sell the house separately. You would need to talk with the local...

Buying or Selling a Home: First Right of Refusal Letter, Timeshare, first
Timeshare, first, refusal: Hi Terry. Thank you for your question. How wonderful of you to share your time! Unfortunately, I m not sure why you re being asked to provide the letter. Naturally, each developer will have some variances in how they handle their business. As I understand...

Buying or Selling a Home: Lease-To-Own-Property, residential purchase agreement, residential lease agreement
residential purchase agreement, residential lease agreement, extensive real estate: First of all, Chris, if you are not a real estate agent or have extensive real estate knowledge, I strongly recommend you sit down with a REAL ESTATE attorney and put together what you are trying to accomplish. This is why: When you lease to own, both lessor...

Buying or Selling a Home: Sell or hold on, renting, second home
renting, second home, landlord: Hi- I get asked this question a lot by all sorts of folks. The answer depends on several factors. 1) Reason for moving 2) Financial means/ cash flow 3) Desire to be a landlord/capability to be a landlord 4) Long-term financial plans I ll go over...

Buying or Selling a Home: washer/dryer, jessica bryan, washer dryer
jessica bryan, washer dryer, caution: Hi David; I would err on the side of caution and go to the buyers to let them know your intention. Clearly, if you are replacing with a new set you should offer either a credit and allow the buyers to purchase something of their choice or let them know what...

Buying or Selling a Home: washer/dryer, contract, repair
contract, repair, purchase: Hi David. Thank you for your question. On the surface of a real estate contract my first inclination is to agree with you. However, if your original set is a higher end set, the buyers might argue that the contract would imply the set that is on the premises...

Buying or Selling a Home: Addition, 203k rehab loan, hot water heater
203k rehab loan, hot water heater, fence repair: Hi Michael, If you only bought your home about a year ago it is unlikely that you can sell it now and, taking into considerations the costs of buying and selling a home, it is unlikely that you can even break even. The market will improve at some point...

Buying or Selling a Home: Buying a house that is under a trust., real estate broker, art of negotiation
real estate broker, art of negotiation, trust members: You don t say if your Real Estate Rep of 30 years is a Realtor or real estate agent of any kind, Nesrin. If your rep is indeed a licensed real estate agent, according to the Code of Ethics for the Board of Realtors it is not ethical for another Realtor or...