About Experts Sitemap - Group 8 - Page 3 2014-11-25

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Buying or Selling a Home: Question about inspection, department of motor vehicles, sunnyvale california
department of motor vehicles, sunnyvale california, real estate agent: I do not know, Crystal. The sale of a mobile home not connected or including land is considered something that the Department of Motor Vehicles domaine. If you did not use a real estate agent to sell the mobile home, then talk with the DMV and find out the...

Buying or Selling a Home: Question about inspection, mobile home owner, sunnyvale california
mobile home owner, sunnyvale california, moral code: It is up to a buyer to order, pay for, and conduct an inspection report. I do know, however,that with real property a seller needs to make a full and complete disclosure and there is a form for that purpose and it is mandatory and legally required. Mobile...

Buying or Selling a Home: Question about the rent after I sold the mobile home, mobile home, trailer park
mobile home, trailer park, hook: Crystal....this site didn t notify me of your follow up question....just answering another question, and saw yours. I m afraid that unless the park has in fact approved your buyer, you don t have a deal, and your on the hook for the rent! Talk to the...

Buying or Selling a Home: Question on selling a mobile home, rental agreement, selling your home
rental agreement, selling your home, covenants: Hello Crystal, I have never been involved in a transaction of this sort, meaning the sale of a mobile home and or one that is in a park where rent is due the landowner. The answer has to be in the HOA, Covenants, lease/rental agreement or whatever written...

Buying or Selling a Home: Question on selling a mobile home, mobile home question, mobile home owners
mobile home question, mobile home owners, disclosure statement: The alligator comment means that you have problems....I can t discuss legal matters, but go to HCD on State of CA website....find the Ombundsman s #, and ask them these questions....they are representing the park residents. Personally, if I sold it I would...

Buying or Selling a Home: as-is, where-is question, srpd, brokerage company
srpd, brokerage company, due diligence: Hi Brian, A seller can ask for anything they want. It is up to you if you want to sign it or not. If you have done your due diligence and all your inspections are completed, you know what you are facing as far as repairs, money to repair, etc. and you feel...

Buying or Selling a Home: quitclaim deed, jessica bryan, mortgage payments
jessica bryan, mortgage payments, quitclaim deed: Dear Louise; The quitclaim is to relinquish rights to title but as for the responsibility to pay the loan, your parents are responsible and the only way to sign it over to you is to sell the house to you and pay off the loan. They should talk to the lender...

Buying or Selling a Home: Realtor buying their own home, proper disclosure, referral company
proper disclosure, referral company, personal purchase: Hi Caitlin, If there is no rule in your area against collecting a commission for your own purchase, I encourage you to collect it. The Seller would have to pay it to somebody, and it may as well be you. In my area, unless a Seller refuses to pay a commission...

Buying or Selling a Home: Recourse on late condo delivery, leverage point, time developers
leverage point, time developers, acts of god: Hola Mike, You ask a question I am sorry to say, I ve answered the most here and I can t say I have been of any help to those others. In most Developers contracts, there is a time frame indicated from one or two years from contract to deliver that home....

Buying or Selling a Home: Rent to Own, termite control, money trap
termite control, money trap, retirement savings: Hey Connie....first, lets look for the serial #. A small 2 x3 plate should be riveted to the rear of the home....two if a double-wide. It may have been painted over, but still readable.....next look in the master bedroom closet. On the wall they sometimes...

Buying or Selling a Home: Required to give out personal information to view a model home?, poulsbo wa, liability purposes
poulsbo wa, liability purposes, wa area: I m not aware of any such law in ANY state, Stephanie. They obviously want that information so they can mail you solicitations. However, homebuilders and any homeowner who is selling their home is usually hounded by flakes, people who have no intention of...

Buying or Selling a Home: Right of Redemptions, foreclosure, redemption
foreclosure, redemption: Hi Randy - Alexis McGee offers that information on her website foreclosures.com. It offers a summary of the state with type of foreclosure the state usually utlizes, the time frame, and what if any the policy is towards redemption. The link below should...

Buying or Selling a Home: reading a home for selling, water closets, mechanical ventilation
water closets, mechanical ventilation, exhaust fan: Hi Ida --- Water Closets have been required (by local codes) to have either a window with 1 1/2 square ft. opening or mechanical ventilation (an exhaust fan) for as long as I can remember. Your buyer s inspector will probably call out the lack of ventilation...

Buying or Selling a Home: real estate, dear al, mortgage company
dear al, mortgage company, initial time: Dear Al; Thank you for your question. There should be no problem for you as long as the escrow will close within the initial time frame agreed to by you and the buyer. The title company that will be handling your escrow will place a demand for payment to...

Buying or Selling a Home: real estate, mortgage payments, closing date
mortgage payments, closing date, realtor: You would continue to make your mortgage payments on time. Once a contract is accepted you will know your closing date. As long as your payment is received and processed a few days before settlement, you ll get credit for your payment. If you have any concerns...

Buying or Selling a Home: real estate, closing, costs
closing, costs, expenses: Hello Al - You should have no problem. There is really two situations here. If you are in escrow and the closing takes longer than expected... there should be no concern on your part. The escrow company has alreaday notified the lender and received a payoff...

Buying or Selling a Home: real estate, settlement company, sales contract
settlement company, sales contract, purchase agreement: Hello Al, I am answering with the presumption that you have a REALTOR, a ratified sales contract with a buyer and scheduled a closing date with a settlement company. If you are not at that point, you may write me again. Your REALTOR should had already...

Buying or Selling a Home: real estate, foreclosure proceedings, settlement company
foreclosure proceedings, settlement company, settlement date: Hi Al- Generally, if you have a property going to settlement, the title company or attorney calls the mortgage company for the payoff shortly before closing. If you do not intend to pay the payment due prior to settlement, I would call the mortgage company...

Buying or Selling a Home: realtor contract, mr and mrs smith, real estate agent
mr and mrs smith, real estate agent, mr and mrs: Near the top of the listing agreement, Bryan, was an emply space in which your agent placed a written date. THAT is the only date that dictates how long for which the contract is good. However, there is a paragraph in which it dictates for how long afterwards...

Buying or Selling a Home: What repairs are needed before selling?, john mckenna, wood destroying insects
john mckenna, wood destroying insects, electrical fixture: Full disclosure, regardless, is the best policy. No exceptions. Anything less will expose you to future liability, especially when it comes to moisture issues (moisture can be conducive to mold, decay, corrosion in electrical fixture and wood destroying...

Buying or Selling a Home: requesting an unconditional withdrawl of contract, lean times, money issues
lean times, money issues, sales job: Hi Rich, Sorry to hear of your problems with your listing agent and his Broker. Sounds like you have been living a real nightmare. Assuming that you can document everything you have written about your listing agency, it certainly sounds as though both...

Buying or Selling a Home: rescind contract, caveat emptor, flood plane
caveat emptor, flood plane, contract question: Hola, The Seller can offer anything they want to but unless what he is offering was in response to what was spelled out in the original agreement, it is not considered a counter offer. It would be a concession and in this case, it costs your son more money...

Buying or Selling a Home: Sale of owner occupied 2 family, capital gains taxes, family dwelling
capital gains taxes, family dwelling, tax consultant: Hi, ideally you should contact your tax consultant. The rule for capital gains is you must have occupied the premises for 2 out of the last 5 years. And the maximum you can net without paying capital gains is $250,000 per person/$500,000 couple. This is...

Buying or Selling a Home: Seller's intention is to flip., comparable age, getting a mortgage
comparable age, getting a mortgage, laundry room: Hello Sara:) Thank you for your question. From your description it sounds like the house is a bargain. If unupdated houses are selling for 130 add (NY Cost) roof 5k, kitchen 10k, 2 baths 5k each, paint 3-5k, furnace 5k, water heater 1k, new ood floors...

Buying or Selling a Home: Seller's Protection at Closing, real estate broker, proper discharge
real estate broker, proper discharge, registry of deeds: No, I have never experienced such an occurance in my 37 years as a real estate broker, BJ. However, you need not be too concerned about it. The title company is taking care of it. If this process costs you anything I would ask whoever is in charge of the transaction...

Buying or Selling a Home: Sellers brech of contract, fha, rehab
fha, rehab: Kevin, I would definitely get an attorney involved on this one. Having you in the house working on it is a HUGE NO-NO. I believe the seller should adhere to the original agreement and have the house finished for you. You might check with your lender about...

Buying or Selling a Home: Selling house in Virginia to mother in law, capital improvements, tax expert
capital improvements, tax expert, state of virginia: Other than regular closing costs, Reid, I am not aware of sales tax on the sale of real estate, especially your home. But there is a capital gains (Federal) tax if you sell the property for more than what you paid for it, less the cost of any capital improvements....

Buying or Selling a Home: Sellling home to buyers with FHA financing, fha appraisal, fha guidelines
fha appraisal, fha guidelines, fha loan: Maybe you should wait and see what the FHA appraisal turns up before you agree to change things in advance. You can get FHA information by going to www.FHA.com and to www.HUD.gov You can also call your bank, speak to a loan officer and ask them to explain...

Buying or Selling a Home: Short Sale, coldwell banker, competitive environment
coldwell banker, competitive environment, brokerage: Hello Nunu, Thank you for your question. I do not know where you live, but I think that real estate brokerage is somewhat similar everywhere. Brokers can ask for whatever fees they want in a competitive environment. If you have a broker savvy aat...

Buying or Selling a Home: Short Sale Pending in Michigan, short sale, lender obligations
short sale, lender obligations: Teresa, If the $55,000 is fair market value and your lender forecloses on you and attempts to acquire a defiency judgment you may very well have a case. Be sure you save the offer and comparables in case this happens. Especially if they end up selling for...

Buying or Selling a Home: sell of exchanged residence, least five years, tax expert
least five years, tax expert, 1031 exchange: You need to have owned the residence that you obtained through a 1031, Bob, at least five years and live in it for two years as your prime residence (the times mentioned may be concurrent) before you can become eligible for a $500,000 capital gains deduction,...

Buying or Selling a Home: seller, independent mortgage company, clerks office
independent mortgage company, clerks office, elementary search: Hi Larry, Your question was addressed to “Jay.” Perhaps you meant this question to go to another expert? I am, however, giving you my thoughts below. As you do, I also see a number of RED flags. My best advice to you is that you should first determine...

Buying or Selling a Home: seller, independent mortgage company, deeds of trust
independent mortgage company, deeds of trust, deed of trust: If she bought the house from the mortgage company, then they should not be invloved in it anymore. Who issued the Title Policy? Who represented her in the closing? that is who I would be talking to. The Title company issues deeds of trust. I would contact...

Buying or Selling a Home: settlement date on house, settlement date, wk
settlement date, wk, negotiation: Hi Kara, I know it will all work out! The details of the situation are a little fuzzy, but I can tell you this... everything in real estate is a negotiation! If that means closing on your current home and leasing it back from your new buyers for a few...

Buying or Selling a Home: short sale, bad faith, rent a house
bad faith, rent a house, car rent: Hi Leo - The chattel has nothing to do with the deal. They already accepted your offer in writing, right? You re just waiting on the bank to accept, counter or reject your offer. If they refuse to sign at closing, you can sue them. Its called bad...

Buying or Selling a Home: short sale, naples florida, million questions
naples florida, million questions, option contract: Now I understand a little better, Christina. This is the way it should go down: B is buying A s property subject to. That s why he doesn t need seasoning. In fact, A s lender doesn t even have to know about the transaction. B takes over the responsibility...

Buying or Selling a Home: short sale chattel fee, short sale, New Jersey
short sale, New Jersey: Ok - sounds like you re on the right track. Glad to hear you have you re own realtor. I often use another agent in my office if I m the listing agent and the buyers come directly to me. That way they re getting their own advice. It also sounds like the...

Buying or Selling a Home: survey~ Non disclosure MESS, title insurance company, survy
title insurance company, survy, boundary line: Yes, Michele, all this wouldn t have happened if your real estate agent knew what she was doing. My suggestion is to consult with a REAL ESTATE attorney and sue everybody in the picture, agent (especially her), seller, other buyer and surveyor. The attorneys...

Buying or Selling a Home: Tax liens, warranty deed, reo property
warranty deed, reo property, first mortgage: First of all, Chris, you gotta check with the title company to make sure that the tax lien has been or will be cleared off. Chances are that tax lien is against the former owner s name and that is the way they make sure the tax lien will be paid - they put...

Buying or Selling a Home: Texas Mobile Home -, mobile home question, proper documents
mobile home question, proper documents, land parcel: The DMV will have your answer, Cheryl. I am really surprised that your real estate agent and lawyer were not able to help. In fact, I am surprised that the transaction even closed without that information you want. The title company was more involved with...

Buying or Selling a Home: Trading Home, purchase agreement, aol
purchase agreement, aol, foreclosure: Yes, Kristina, but it is not likely in this slow market. You can try however, but you would need a very experienced Realtor who knows how to handle the trade. What needs to be done is to draw up a purchase agreement for the other house and using your present...

Buying or Selling a Home: termite damage to deck, wood destroying insects, pest inspection
wood destroying insects, pest inspection, contract language: Hello Jacquie, Under most circumstances, when a Pest Inspection reveals the presence of termites or any wood destroying insects, the Seller is then obligated to have treatment performed by a licensed professional at the time of the inspection or if the...

Buying or Selling a Home: UPSIDE DOWN LOAN, short sale, lease option
short sale, lease option, deed in lieu: Hi Cynthia - Unfortunately, your story is not uncommon. I work with homeowners in the worst real estate market in the country with Las Vegas being one of the top 3 markets where values have dropped 30% or more over the last two years. The values in many...

Buying or Selling a Home: Upside Down Home, personal loan rates, hardship letter
personal loan rates, hardship letter, first mortgage: Before I say anything else, Christina, I will reproduce an article from my the last issue of my newsletter The Landed Gentry: First of all the new law is not between the borrower and his/her lender. It is between the borrower and the IRS. The lender still...

Buying or Selling a Home: Warranty deed, warranty deed, quiet enjoyment
warranty deed, quiet enjoyment, encumbrances: Hello John, Yoy may be confused a little, a warranty deed, by which the sellers warrant that they will protect the buyers from any legal claims; usually guarantees a good title, freedom from encumbrances, and quiet enjoyment. This has nothing to do...

Buying or Selling a Home: Water Damage, copper pipes, john mckenna
copper pipes, john mckenna, mold problem: Without some invasive repairs, professional inspections and professional mold testing then you are buying a wild card. Do not assume anything. I cannot stress enough that further evaluation is the only wise option you have, considering the the things you...

Buying or Selling a Home: 2nd on a home, foreclosure, short sale
foreclosure, short sale, second home: YES! This may be the time to sell this property; hopefully you have some equity to pay closing costs. The property whether you foreclose or try to do a short sale will ultimately affect you credit for many years to come. You may want to try to negotiate...

Buying or Selling a Home: assigning REO, REO, investor
REO, investor, contracts: Hello Alvara: If I read your issue correctly, the bulk of your question is around making changes to a bank purchase contract. The short, but overly simple, answer to your question is you cannot make the changes you want. Typically, bank contracts are...

Buying or Selling a Home: BackUp Offer, Backup offer, contracts
Backup offer, contracts, terms: Hello David - Each state is unique in the rules and regulations, laws, administrative codes, and procedures. Obviously, I specialize in N.A.R. Code of Ethics and Professional Standards and in local (AZ) policies and procedures. That said, in AZ it would seem...

Buying or Selling a Home: Breach of contract, breach of contract, bernstein
breach of contract, bernstein, good luck: Dear Marie, You need to seek local advice perhaps from an attorney to see what your options are. There should have been some mechanism set up so that if they are not making the payments you can step in and do and take the property back. Someone has to...

Buying or Selling a Home: Builder-delayed closing, Appraisal, builder
Appraisal, builder, value: Hello James - The assessors board is not an appropriate value of a home. In addition, the assessors value usually does not take into consideration the land unless separately listed. Recent (like) sales are the clearest indication of a properties current value...

Buying or Selling a Home: Buyer/Seller Controversy., two thousand dollars, real estate brokers
two thousand dollars, real estate brokers, verbal agreements: Dear Kylee: Congratulations on being able to avoid a nasty situation. Either your seller had a case of the panics, or he was going to extort you for more. Either way, common sense prevailed and his lawyer made him realize that he had a legally binding...

Buying or Selling a Home: Buying a home way under appraised value, real estate, foreclosures
real estate, foreclosures, down payment: Hi John, Sounds like you might be getting a great deal on the town home! But if it is a short sale or foreclosure you may have quite a few hoops to jump through to get your contract approved by a bank. Is this property listed? Do you have an experienced...

Buying or Selling a Home: Buying a second property, debt to income ratio, tax consequences
debt to income ratio, tax consequences, loan documents: Hello Sam, SO, you want to purchase your mothers house, renovate it then sell it, right? Lenders ask in their application if the property is primary or investment for several reasons, mostly that as an investment property, an owner with tenants has less...

Buying or Selling a Home: Buying/selling under contract, whispers in the wind, alienation
whispers in the wind, alienation, current state: You re not going to find anything on the Internet upon which you can rely. So forget that idea, Franklin. Your mortgage stipulates that upon alienation of the title the loan becomes due and payable. It is not illegal to sell or give the property to anyone...

Buying or Selling a Home: Buying under contract, whispers in the wind, land contract
whispers in the wind, land contract, prope: Dear Franklin: This sounds like a land contract to me. If it is, then you need to consult a real estate attorney. It can be too problematical to go through a website! Even if one would quit claim a title to a property, then are still held accountable to...

Buying or Selling a Home: Buying under contract, whispers in the wind, buying insurance
whispers in the wind, buying insurance, current state: Franklin- What you are attempting to do has several issues associated with it that I will try to address. Let me start with some definitions. Ownership: When you are legally responsible for the home. A person who is buying insurance for the home is...

Buying or Selling a Home: backing out contract agreement, real estate law, real estate contract maryland
real estate law, real estate contract maryland, real estate lawyer maryland: This is a situation that is out of the expertise of a Real Estate Agent as we are not permitted to practice law. I m not legally able to give you advise as far as law is concerned. In this situation you ll want to consult a real estate attorney to see...

Buying or Selling a Home: my buyer wants out, jessica bryan, stipulations
jessica bryan, stipulations, escrow: Dear Jose; If everything was signed I can t imagine how the deal didn t close! However, it sounds like the Buyer asked for the bank not to fund the loan. You should consult an attorney immediately since your Buyer is in violation of contract not to close...

Buying or Selling a Home: buying a home, reputable lender, lender questions
reputable lender, lender questions, personal bank: Amy, I am sorry you did not feel I responded to your question in a knowledgeable way. My expertise is real estate and I leave the lender questions to the those experts. The rules in lending change daily and I wanted to be sure you contacted someone who would...

Buying or Selling a Home: buying a home, ROI, Investment
ROI, Investment, fixer: Hi Nina, There seems to be a couple of different items in the question. I am not familiar with the Calument City, IL area, so I do not know what a fixed up home would sell for. A typical rule of thumb is $.50 on the dollar for a major fix, assuming...

Buying or Selling a Home: buying a home with bad credit, getting a morgage, buying a home with bad credit
getting a morgage, buying a home with bad credit, stimulus package: Dana, I put effort in. I am not going to lie to you. I am telling you from real world exp. If you do not belive me, call and try to get a loan. First, since it is under 50k, it will be hard to get a loan. Very hard. Most lenders will not even...

Buying or Selling a Home: buying a second house, home equity loans, zillow
home equity loans, zillow, jessica bryan: Dear Siena; I suggest that you talk to a lender to see what the difference in monthly payments will be and if you can qualify for a full loan on his home. Loans are very tight right now and even though the interest rates are low, they may be much more difficult...

Buying or Selling a Home: Construction Home, local county, workmen
local county, workmen, real estate agent: My recommendation, Jim, is to, for now, just keep your eye on it. If you see any change to the exterior, then try to talk to any of the workmen there. Ask them for whom they are working. If it progresses further, chances are you will be able to catch a real...

Buying or Selling a Home: Contract with buyer gone bad, buyer flaked, sue buyer over contract
buyer flaked, sue buyer over contract, damages: Jennifer, Yes, you could sue for specific performance of the contract. But unfortunately, even if you won in court, attempting to collect for damages would be impossible if the buyer does not have anything to which to collect. I would definitely advise...

Buying or Selling a Home: Counter Offer under contract, contract question, inspection clause
contract question, inspection clause, addendum: If the seller recompenses you for the cost of the architect s report, then you can make his report part of your purchase. If you read the clause that stipulates you have the right to have the property inspected, it does say that if the seller does not satisfy...

Buying or Selling a Home: Getting cash out or selling half to my brother, rental property, first choice
rental property, first choice, dick: I favor the first choice, Jo. How is it that your brother pays everyting to maintain the property? Has he been earning interest in the property or does he live there and you re giving him free rent? Or do I misunderatand? First you said, I own. And then...

Buying or Selling a Home: claiming deposit, realestate company, jessica bryan
realestate company, jessica bryan, dollar deposit: Dear Charles; I requested that my name be taken off of the rating system simply because I found that I preferred to be (sometimes) blunt with people and didn t want it to affect my rating because someone didn t like my answer. Sometimes honesty has a way...

Buying or Selling a Home: contract breach, contract breach, option money
contract breach, option money, earnest money: I can t answer that question without knowing all the details, but you should be able to get out of the contract. Was it signed and at the Title Company? You should call the Title Company if it is and tell them you want to return the earnest money and or Option...

Buying or Selling a Home: Damage to home while In Contract, payment assistance program, stanley steamer
payment assistance program, stanley steamer, down payment assistance: Dear Kevin: Thank you for your question, and once again I am sorry about the delay due to my move in Mexico. You did not mention where the home you are buying is located. In California, when entering a contract, as long as you honor your commitments...

Buying or Selling a Home: Deposit from foreclosed apartment building, rent, deposit
rent, deposit, foreclosure: Hi Hollis - I wish I had a better answer for you but you are caught in the middle and not likely to get your deposit back. If the bank has foreclosed on the property, they now own it. But the bank is not under obligation to return your deposit because...

Buying or Selling a Home: Disclosure, Title, mobile home
Title, mobile home, Manufactured housing: Hello Joel - Sorry for the delay. I discussed this with my firms legal counsel and since I am not an attorney, and he does not represent you, I cannot repeat his advice directly. From a real estate perspective this manufactured home (no longer called mobile...

Buying or Selling a Home: Dispute over who owes taxes, conveyance of title, accured
conveyance of title, accured, friends are friends: Assuming your uncle lived in the property from day one of his agreement, Penny, and treated the property as his own, your uncle owes every last dime of back taxes and insurance. Just make sure he gets a copy of the billing when those taxes and insurance were...

Buying or Selling a Home: downpayment, earnest money deposit, level advice
earnest money deposit, level advice, legal implications: Hello Harrison, The Earnest Money Deposit (EMD) a Purchaser places to show consideration to bind an offer is subject to the terms stated in the purchase agreement. Without knowing what conditions your purchase agreement has regarding the EMD I can...

Buying or Selling a Home: downpayment, specific performance, downpayment
specific performance, downpayment, moneys: I would tell the buyer, Too bad. If it wasn t in writing, then it was not part of the transaction. Simple as all that, Harrison. If she doesn t want to continue on with the deal, then she will lose any and all moneys she put down. There is no attorney that...

Buying or Selling a Home: Escrow Account, escrow account, buying a condo
escrow account, buying a condo, banking laws: Hi Eddie, I can t answer your question as an Attorney, but as a Realtor I would have to say that I have seen this happen. Especially with Buyers from out of town. You must have a relationship of trust with your attorney. Check him/her out before you do...

Buying or Selling a Home: exclusive right to sell/rent contract., putnam ny, showings
putnam ny, showings, galina: Hello Galina, As I understand it, you listed your home in Putnam for SALE in March and have had very little activity. You feel your agent hasn t given you feedback on the few showings you have had. After 3 months of this, you lowered your asking price and...

Buying or Selling a Home: Financial Title Company is out of business, next steps?, city of santa clara, rental apartment
city of santa clara, rental apartment, broker manager: Dear Irena; Thank you for your question... My recommendation is to contact your Realtor immediately and request a meeting between all parties involved in your transaction with the Broker/Manager of the Real Estate Company you are being represented by...

Buying or Selling a Home: Fire Damaged Fixer-Upper, invest, fire damage
invest, fire damage, rehab: Hi Austin - Congratulations on joining the real estate investing game, but I don t think you re going to like what I tell you. Being that you ve never flipped a house before, the last house you should start with is one with fire damage. The repairs...

Buying or Selling a Home: First Right of Refusal, buying a foreclosed home, first right of refusal
buying a foreclosed home, first right of refusal, right of refusal: Hi Mike, Credibility may be one reason, ability to obtain future financing would be another as is the possibility that the developer is in the process of obtaining financing for his project. If the house is being sold below his cost he is liable for...

Buying or Selling a Home: First time Home buyer? Lots of questions..., FHA, finance
FHA, finance, unrepresented: Hello Christina - I apologize for the delay in my reply. I would not have recommended using the seller as your loan originator. Depending on your contract terms and whether there is a finance contingency can depend your obligations under the finance clause...

Buying or Selling a Home: First time Home buyer? Lots of questions..., pay stubs, fha loan
pay stubs, fha loan, time home buyer: The entire process usually takes 45-60 days. The down payment is paid at closing. You sign all the paperwork for the offer and loan application first. There will be a fee for the credit reports which you must pay at application. If an appraisal has already...

Buying or Selling a Home: HOA Restrictions, privacy fences, fence line
privacy fences, fence line, privacy fence: Hola Kathy, Yes, utility companies do receive special exceptions for HOA covenants as do Government agencies. there are usually easements set up for them to access. They are required to repair any damage they cause unless someone has placed shrubbery,...

Buying or Selling a Home: House Sale/Termite Damage, termite inspection, ira account
termite inspection, ira account, sneaking suspicion: I am sorry your sister is having problems now that her attorney said don t do anything. She could have participated in an informational session or even mediation. But since the attorney told her not to respond she will probably pay with her anguish and maybe...

Buying or Selling a Home: House for sale, principal balance, title company
principal balance, title company, house for sale: Brad, Very simple, if you do not pay off both balances, the house will NOT sell. You need a free and clear title to sell. By not paying one off in full, that will not give you a clear title that is needed for the title company. There is always the short...

Buying or Selling a Home: house in commercial zone with non-homestead taxes, commercial zone, business portion
commercial zone, business portion, s corp: One has nothing to do with the other, Mayra. The IRS would instruct you to use whatever percentage of your residence for business and deduct that from what ever gain you make in the value of the house. Then the IRS would want you to account for your business...

Buying or Selling a Home: Incompetent inspector?, warranty guarantee, military town
warranty guarantee, military town, time down: Hey, Emma. That s a 5-gallon can of worms that you re wanting to open! Hopefully, I can help you some here. First, any recourse is going to be dependent on your city, county, and state laws as they apply to home inspectors and home inspections. Second,...

Buying or Selling a Home: Inherited home, tax ramifications, inheritance tax
tax ramifications, inheritance tax, prop 13: Mary, Under proposition 13 properties are reassessed upon change of ownership. If the house stays in the trust there probably won t be a reassessment. Inheritance tax ramifications have to be directed to an accountant or an attorney. Hope this helps....

Buying or Selling a Home: inherited home, capital gains exemption, capital gains taxes
capital gains exemption, capital gains taxes, internal revenue service: Dear Carolyn, Thank you for your question. If you own a home and live in it as your primary residence for two out of five years, you can sell it and take a $250,000 tax exemption. That means anything up to $250,012 would be tax exempt. There is a form you...

Buying or Selling a Home: investment, 1031 Exchange, Deferred Tax
1031 Exchange, Deferred Tax, Capitol gains: Yes there are ways to defer capitol gains. One of the most common is the 1031 Exchanges. This has very strict guidelines and perimeters that must be adhere to. You should also check with you Tax person and a CPA to see exactly where you come in at, this...

Buying or Selling a Home: Joint ownership, tenants-in-common, buyout
tenants-in-common, buyout, equity release: Hello Carol - My answer will initially anticipate that all repairs and original investments (down payment and closing costs were split 50/50 and both parties are on the mortgage loan). If not, this will complicate the fairness to buying out their interest...

Buying or Selling a Home: Joint tenacy in Arizona, right of survivorship, legal relationship
right of survivorship, legal relationship, hi mary: Hi Mary-I am sorry you are going through this. It is always difficult when a family issue arises. Been there done that! To your question: Here is the definition:Arizona joint tenancy is a legal relationship where the tenants have one and the same interest,...

Buying or Selling a Home: Lease to Own, multiple listing service, local multiple listing service
multiple listing service, local multiple listing service, two tears: Hello Yana, Thank you for your question. You could not pick a better time to buy a home that way! Prices are down, inventory of available homes is way up, interest rates are low. Sellers are anxious to find buyers for their homes. The only problem...

Buying or Selling a Home: Lease Purchase buying, stop paying rent, liens on property
stop paying rent, liens on property: Hello again Dana, Yes, a property can be sold with a lien but as a buyer you will want an attorney or title company (whichever is customary where you live) to complete a title search and the seller will pay for a title insurance policy that insures the...

Buying or Selling a Home: Lien, letter in the mail, lighting contractor
letter in the mail, lighting contractor, cabinet company: He is trying to hoodwink you, Sally. This matter calls for a REAL ESTATE attorney right away because those mechanic s liens will not go away and if you ever try to get a loan or sell your house, you are going to have problems not to mention you would have...

Buying or Selling a Home: liens in foreclosure, divorce attorney, jeopardy
divorce attorney, jeopardy, child support: Chances are, Donna, your divorce attorney put a lien on your husband. That means anything of value he owns is in jeopardy of being lost by him to that lien. If there is no lien on him, then you better contact your divorce attorney or a REAL ESTATE attorney...

Buying or Selling a Home: life estate, empire state building, life estate
empire state building, life estate, old mother: Your mother is losing her mind, Brenda. There is no way she can sell your house no more than she can sell the Empire State Building. She is very much mistaken. If you gave her a life estate in your property, once she has moved out of that house, the life estate...

Buying or Selling a Home: misrepresentation, water leaks, jeapordy
water leaks, jeapordy, heisler: Hello- Your daughter should get a real estate attorney right away, but I have good news for you: It is generally the SELLER s responsiblity to deliver the property as it was bought. So, if the home burns down, and the seller is unable to deliver the...

Buying or Selling a Home: Notifying Renter of Appraisal, necessary assistance, trust estate
necessary assistance, trust estate, real estate agent: Margaret, This really isn t a question for a real estate agent but my suggestion is that you need to get someone local to check out the premises and find out who is living there. Once determined send a certified letter notifying them of the appraisal. ...

Buying or Selling a Home: Obtaining earnest deposit back from builder, Bankruptcy, builder
Bankruptcy, builder, new home: Hello Stephanie - Let me begin by saying I am not an attorney and this is not to be considered legal advice. You must obtain an attorney. The problem is that you have already moved out of your existing home. Legal counsel may have instructed you that you did...

Buying or Selling a Home: I owe too much and want a real house, hickie, upper 30s
hickie, upper 30s, lease option: I figured that would be the case, George. Typical. Just get yourself a good credit buyer and the landlord will approve your deal. Tell them, if they do not cooperate, you ll just let the mobile go back to the bank, THEN what kind of problems would they have?...

Buying or Selling a Home: owner not providing property maintenance, utility issue, closing before repairs are made
utility issue, closing before repairs are made: Chris, I would definitely advise you to NOT close until this is taken care of. If they do not get this handled I would retain an attorney to sort this mess out for you. On the other hand, if you have a bid on fixing the problem and you are ok with it...

Buying or Selling a Home: privacy fence in Texas, fence boards, privacy fence
fence boards, privacy fence, case hi: Hi Gary, To keep peace with your neighbor, you best not nail anything up. Subject to exactly where the fence is, if the posts are on his side of the line, and the fence boards are on his side of the line, it is his. If the fence boards are on you side...

Buying or Selling a Home: Quitclaim deed, personal advisor, man father
personal advisor, man father, veterans association: Christine, what you don t want to happen is for someone in the future to say you took advantage of an old man (father or no) who could not understand what he was doing at the time. Therefore, what you must do is to find a good REAL ESTATE attorney (some attorneys...

Buying or Selling a Home: Real Estate-Family Business going under, magic wand, filing for bankruptcy
magic wand, filing for bankruptcy, favorable terms: Hello Michelle, A story heard cross the country I am sorry to say. I am probably not going to be of any help to you. His first move is to speak with all lenders involved in these properties to see what options they can extend. None of them want any...

Buying or Selling a Home: Required documents for home sale, retirement home, tax clearance
retirement home, tax clearance, home park: Hi Lauren, All you will need is the title and original of registration. If you have misplaced either of these, go the HCD part of our state s website....usually $25 for a duplicate. Be sure the park knows he is moving and get your buyer approved before any...

Buying or Selling a Home: Ryan Homes, waiting on information, ryan sales
waiting on information, ryan sales, ryan homes: Hi Kevin- In response to your follow-up, a lot depends on your contract. You need to look at what constitutes default and what their allowable remedies are. If their offer was only verbal, you may not be held to it and may not be required to go forward. However,...

Buying or Selling a Home: real estate inspection, Inspection, unrepresented
Inspection, unrepresented, buyer: Hello Laure - I apologize for the delay in replying as I was teaching all day yesterday. To answer you question you would have to look at your contract. If you are in AZ the contract indicates that the Seller has to make house available for all buyers independent...

Buying or Selling a Home: responsibiltiy for residents to move out, first time buyer, loan docs
first time buyer, loan docs, payment money: Dear Helena: You are in a very vulnerable and highly charged situation that needs immediate legal support and advise. Your listing and selling agents appear helpless and hapless, and I wonder if you are being well represented. Your contract calls for a...

Buying or Selling a Home: Selling our Condo that is not listed, appraised value vs what buyer should pay, trusting real estate agent
appraised value vs what buyer should pay, trusting real estate agent: Sadie, First of all, it sounds like your don t trust your friends in real estate . If you don t trust their advice, I d suggest obtaining a second opinion. I do not have direct knowledge of the Defiance, OH market but in our area, and most areas in...

Buying or Selling a Home: Selling co-owned vacation home, shared, partner
shared, partner, selling: Hello- First of all, I don t sell real estate in Hawaii, and there are a lot of issues here that may be very dependent on how those statues are construed. Nevertheless, I will try to cover the issues as I can. A) Look at how your ownership is structured....

Buying or Selling a Home: Selling my home, realtor commission, land contract
realtor commission, land contract, immaculate condition: Dear Jen; Your listing contract will govern how you can sell your home. It usually has a stipulation that if the home goes under contract within 30 days or 60 days after the contract expires (depending how the contract was written) you still owe a commission...

Buying or Selling a Home: Selling a home to an FHA buyer, las vegas, real estate
las vegas, real estate, homes: There is no guide that I know of to get your home ready to pass an FHA inspection. Even the HUD site just links to an external site on things to do to get your home ready to sell. http://www.hud.gov/selling/index.cfm Generally speaking, however, you...

Buying or Selling a Home: Selling home to son, first time buyer, s real estate
first time buyer, s real estate, dear ann: Dear Ann; Thank you for your follow-up response. I am currently in Mexico with limited access to my email, so I am sorry for the delay in responding. When your son bought the home, the seller is responsible for completing a transfer disclosure statement...

Buying or Selling a Home: Selling a home with treated termite problem, termite problems, termite problem
termite problems, termite problem, earnest money: Hey, Heidy. The answers to your questions are going to be different for different states. Here in California, I would recommend always disclosing anything that can possibly be remembered. It s just safer that way. Remember that disclosures usually occur...

Buying or Selling a Home: Selling a house on an easement, easement, offsets
easement, offsets, bernstein: Robert. I would really need to know more about the easement. It always comes down to price. You have to price the property that offsets whatever concerns buyers have. What is it that caused your seller to buy it? Hope this helps. Sue Bernstei...

Buying or Selling a Home: Selling on land contract/ new home, land contract, new mortgage
land contract, new mortgage: Elizabeth, This is a very subjective question. You will need to speak with your bank or mortgage broker so they can assess your individual situation. Lending guidelines are tightening up and it will depend upon your credit and how the new lender will view...

Buying or Selling a Home: Septic on my property, portage county ohio, property boundaries
portage county ohio, property boundaries, septic field: Hello Shellie, Your brothers real estate agent is an idiot. Unless there is a proper easement recorded at the courthouse, no Buyer in the world nor lender would consider this. Why would you want to give up a portion of your property to a stranger and become...

Buying or Selling a Home: seller changes mind, dear bill, legal opinions
dear bill, legal opinions, s market: Dear Bill: This is an irregular and unusual market, and everything is happening, seemingly for the first time . You have rights, and you have recourse, but it could be a lengthy and expensive process. I think you should consult a real estate attorney who...

Buying or Selling a Home: seller's remorse, jessica bryan, breach of contract
jessica bryan, breach of contract, remorse: Dear William; First, I would want to know if the seller decided to stay in the home or decided not to sell to you because of a better offer. The seller doesn t have to sell the house to you and cannot be forced to do so, but risks being sued for breach of...

Buying or Selling a Home: selling 1/2 of house, jack dick, aol
jack dick, aol, title insurance: I suppose that is possible, Jack, but you have to realize there is so much more involved than simply taking his money and you signing a piece of paper. All it takes is someone on his side advising him that he should get title insurance . . . then you d be...

Buying or Selling a Home: selling my home in Florida, exact wording, grey area
exact wording, grey area, purchaser: Hi Robert, I haven’t seen your Contract with the exact wording for the Purchaser to “see” your house, so I can only give you general suggestions. Was there a time period/deadline in your Contract in which the Purchaser was to see your house, or was there...

Buying or Selling a Home: selling house, minute consultation, messy divorce
minute consultation, messy divorce, marriage laws: Hey, Dwana. That s going to depend on the marriage laws for your specific state. Generally, though, it would require the signatures of both interested parties. That s so that one party couldn t sell the house from under the other party if, for example,...

Buying or Selling a Home: short sale, verbal words, better chance
verbal words, better chance, paperwork: Hello Jane.This is very typical in a Short Sale to wait several months on an acceptance. We are seeing the time shorten within the past 60 days to just a few weeks on getting an answer. Now to your question: You can always ask to see if they will re-negotiate...

Buying or Selling a Home: Terminating a contract with a realtor, mls listing, minor mistakes
mls listing, minor mistakes, car garage: Hey, Gina. Sorry to hear about your troubles. Generally, you can fire a Realtor if they have not performed satisfactorily, but it s the definition of performed satisfactorily that can sometimes be problematic, as well as the actual terms of the contract...

Buying or Selling a Home: tax lien, foreclosure, tax lien
foreclosure, tax lien, abandon: HI Tammy, Just because a home is abandon, with a tax lien is not necessarily a property that can be purchased . You will need to find out from the county recorder who the owner is first. Make contact with them, since it is vacant and it may have other...

Buying or Selling a Home: No title, expences, serching
expences, serching, title question: Yes, as Is has to do with condition only. Not the title. The Title is normally conveyed at closing. It doesn t sound like he had a closing . But it does sound like the seller knew what he was doing was deceitful, and that is what carries the most weight...

Buying or Selling a Home: No title diclosure, title deed, bill of sale
title deed, bill of sale, auto truck: Hi Joel, Your understanding is correct in that “as is” generally relates to the physical condition of property. However, when purchasing real OR personal property, a purchaser should always make sure that he has good title on real property, or a title...

Buying or Selling a Home: title mess, probate attorneys, encumbrances
probate attorneys, encumbrances, executor: Sorry, Jonathan, but what do you mean by clear title? If the house is already in their names, they already have title. As for being CLEAR title, that may be a different story. In my eyes clear title means that there are no liens of any kind on the property...

Buying or Selling a Home: title search/ HELP ME PLEASE!!!!!!!!!, reversion, title insurance
reversion, title insurance, title search: Get an attorney immediately. This agreement should have come up in the title search when you purchased the home and you should have title insurance to protect you. There is no way a bank would give you a loan without you as the legal owner. Hope this...

Buying or Selling a Home: trucker tax deduction prohibits home purchase, subprime mortgage market, 1st time home buyers
subprime mortgage market, 1st time home buyers, fha loan: Dear Jonathon: Thank you for your question…. As you have probably heard on the news and read in the paper, the subprime mortgage market has dissolved. Since you are considered an independent contractor, (self employed) that type of mortgage was great....

Buying or Selling a Home: Withdraw listing of home, current advertising, legal document
current advertising, legal document, 7 months: Withdrawing the listing is the same thing as getting out of the contract. The listing agreement is the legal document you have with your agent and agent s company. It will state within what the amount of notice is that you have to give to terminate. This...

Buying or Selling a Home: want to be a first time buyer/ home owner, south orange county, income to debt ratio
south orange county, income to debt ratio, orange county area: Dear Jessica; Thank you for your question. A large down payment such as you are suggesting will undoubtedly help you qualify for a loan, but you still have to meet the requirements for the loan based on your income to debt ratio and credit history....

Buying or Selling a Home: writing unsolicited offer letters, jessica bryan, necessary paperwork
jessica bryan, necessary paperwork, real estate broker: Dear Rachel; I have used letters like that in my business on a few occasions, but they are written as a real estate broker solicitation. When you are writing as a non-professional you should construct a letter that assures the owner that you are not a real...

Buying or Selling a Home: do you have to put a 1% deposit when bidding on a home?, fha program, purchase agreement
fha program, purchase agreement, dionne: As long as you are already approved for a loan, show the Realtor that you have it. If you are prepared to pay the required down payment, why are you concerned with the 1% deposit? If you do not get the house, you get your deposit returned to you anyway. Also,...

Buying or Selling a Home: 1031 purchase of house, residence portion, tax expert
residence portion, tax expert, rental house: Yes, Jean, but you will need to prorate the percentage of the property for the amount that you live on. That is, you will be treating the income part as long-term income. Your residence portion will be subject to cancellation of taxable income every two years...

Buying or Selling a Home: 2nd Mortgage, mortgage balance, mortgage loans
mortgage balance, mortgage loans, first mortgage: With the new financing laws scheduled to take effect Oct. 1, Niloofar, it might be a very good idea to talk with the lender of the 2nd mortgage and tell your story. They might be able to do something, like maybe lower the interest rate or maybe even knock...

Buying or Selling a Home: BANKRUPTCY, landlord tenant law, irs gov
landlord tenant law, irs gov, tenancy at sufferance: You now have what is termed, tenancy at sufferance. You can go to the courthouse and get a court order to have them evicted by the sheriff. Here is the link to the form you need. http://www.courts.state.md.us/district/forms/civil/dccv86.pdf I would...

Buying or Selling a Home: Bad Agents, jessica bryan, procuring cause
jessica bryan, procuring cause, building a house: Dear Heather; I am sorry that you are dissatisfied with your agent and the job your agent has done for you. I know that the market is soft right now-- meaning that it is a difficult time to sell a home. It may not be the agent s fault that your home has...

Buying or Selling a Home: Buying contingent to selling, down payment assistance, appraisal
down payment assistance, appraisal, real estate: Hi Shanna, The appraisers are really lowballing the appraisals these days. They are so afraid of losing their licenses that right on the appraisals they will type something like Property was appraised at the low end of the value scale due to declining...

Buying or Selling a Home: Buying is this environment, lake front, investments
lake front, investments, buying: Hi Charlie, You sound like you have a heart felt tug to this property! So good for you for having the cash, buy the property... I live in Southern California near the water, and believe me... for the few people who get the pleasure of being able live at...

Buying or Selling a Home: Buying a home, cap brick, proper insulation
cap brick, proper insulation, chimney cap: Hola Sallie, Great question with a simple answer. Yes! Always hire a Nationally Certified Home Inspector for either a new or resale house. An inspector will check the grounds for drainage concerns, the exterior of the house for cracks, rotten wood,...

Buying or Selling a Home: Buying a house, experienced real estate, free consultation
experienced real estate, free consultation, buying a house: Hey, Lucy. I m sorry to hear about your dad. If you know you don t want the house, then it s probably best for him to sell it now. Otherwise, you could have some extra taxes from his sale to you and then your sale after that. If he is not able to go...

Buying or Selling a Home: Buying A short Sale, state tax lien, ny state tax
state tax lien, ny state tax, realty agencies: Hey, Hector. Since you apparently are in New York, you really need to consult with a good Realtor or a good real estate attorney. I can answer your questions on a very general basis, but that generality might not be good for New York. Generally you ll...

Buying or Selling a Home: Buying A short Sale, state tax lien, ny state tax
state tax lien, ny state tax, high interest rate: Hi Hector, It sounds like you need to find a really good LENDER, in addition to a good Realtor. I’m not a mortgage expert, but your sister’s credit score of 600 points is not considered high at all. A good, reputable lender can answer your financing...

Buying or Selling a Home: Buying A short Sale, state tax lien, ny state tax
state tax lien, ny state tax, financial ability: Dear Hector; Thank you for your question… I am sorry for the delayed response, as I have been on a business trip for the last 10 days. Short Sales and REO’s (Real Estate Owned by the investor-bank) will not be easy to buy with your current set of circumstances....

Buying or Selling a Home: Buying A short Sale, short sales, orlando home buying
short sales, orlando home buying: Hector, I don t think you can buy using your sister in law . You need to get an approval yourself. You should ask a mortgage professional about combining . I can refer you to great agents in Orlando that can assist you with your home buying needs. ...

Buying or Selling a Home: Buying A short Sale, Short sale, qualify
Short sale, qualify, mortgage: Hector: The bulk of your question revolves around whether you can get a mortgage, or financing, that will allow you to purchase your home. What you need to do is have you (or your sister in law) or both, go to a mortgage broker. I would start with 2:...

Buying or Selling a Home: Buying A short Sale, state tax lien, ny state tax
state tax lien, ny state tax, sister in law: Hello Hector, it might be tough for you to buy it. The best way is to see a lender who will tell you if you can do it alone and/or you need to add a person. If you are going to buy it direct from the seller/bank you would need an agent if your landlord has...

Buying or Selling a Home: Buying A short Sale, state tax lien, ny state tax
state tax lien, ny state tax, questionable credit: First things first, Hector. Even if they would accept you as a borrower the lender, whoever it is, would demand that you pay off the NY state tax lien BEFORE you get any kind of loan. They would have you pay it off in the process of buying the house. Second,...

Buying or Selling a Home: Buying A short Sale, state tax lien, broker price opinions
state tax lien, broker price opinions, ny state tax: A lease option land trust is when the seller agrees to accept a deposit and put the property in a trust with both of you on the trust. This way, you can make payments on the existing loan and not trigger the due on sale clause. But this will only work if:...

Buying or Selling a Home: Buying A short Sale, state tax lien, realtor referral
state tax lien, realtor referral, ny state tax: First thing you need to do is contact a lender and get pre-approved for a loan. The lender can tell you what you qualify for and whether you need to purchase with your sister. Once that is done ask people you trust for a realtor referral. Hope this helps....

Buying or Selling a Home: Buying A short Sale, coldwell banker mortgage, coldwell banker office
coldwell banker mortgage, coldwell banker office, independent mortgage broker: Hello Hector, Thank you for your question. Normally a bank that is doing a short sale with a homeowner will put the house on the local listing market to find the highest possible offer they can get. The sale can not be completed without the bank s permission....

Buying or Selling a Home: Buying A short Sale, state tax lien, ny state tax
state tax lien, ny state tax, mortgage brokerage: Dear Hector; The mortgage market is very tight right now and I suggest the first thing you do is to find out if you can even qualify for a loan. A real estate agent will not be able to help you or even advise you on this. You will need to talk to a lender....

Buying or Selling a Home: Buying A short Sale, short sales, loan broker
short sales, loan broker, BPO: Hi Hector, You only have a couple of options on the property you are currently in … your best bet to seek out a lender in your area and use your sister for the loan. Your sister will most likely need to go FHA for her low FICIO scores, but I am not sure...

Buying or Selling a Home: banks counter offer, banks
banks: Hi Amanda, you do not have an executed contract(all parties in agreement in writing) until the offer and any counters are signed by ALL parties. If another offer came in while you were in the countering stage(not all parties have signed), yes, the bank/seller...

Buying or Selling a Home: getting bought out of property, downpayment, future value
downpayment, future value, good luck: Hello Kimberly, Thank you for your question. It sounds more like a complicated legal contractual question, but I will give you some input. If you bought the house together did you have a contract or written agreement? Are you both on the deed and...

Buying or Selling a Home: breach of contract, breach of contract, closing cost
breach of contract, closing cost, loan terms: First, he wouldn t be doing this if you had a REALTOR. I wouldn t pay him a commision no matter what. You do not have to sign the amendment. If he hasn t closed by closing date then he is in breach unless the contract says he can extend it without your signature....

Buying or Selling a Home: How to break a purchase agreement?, first time buyers, time home buyers
first time buyers, time home buyers, poor economy: First thing you have to realize, Nishanteeka, is that first-time buyers seem to always feel they made a mistake . . . even when the real estate market is going gangbusters. I feel you are making a mistake if YOU DO cancel the purchase. One day in the future...

Buying or Selling a Home: buying property under ammended contract, professional financial advice, interest free loan
professional financial advice, interest free loan, creative selling: Tommy: Some quick thoughts. 1) The seller is offering to loan you the money, the same as a bank would. That s not illegal. 2) If you have no real estate experience, and this is your life savings, I think you need both professional financial advice,...

Buying or Selling a Home: buyouts, cedar rapids iowa, disaster victims
cedar rapids iowa, disaster victims, buyouts: Kristina, I m so sorry for your circumstances! As I understand it, FEMA is helping out the disaster victims. If you go to their website there is a link you can click on. As to your city buying your property, I can t say, but I m sure if you call your city...

Buying or Selling a Home: Capital Gain Deferal, capital gains tax, principal residence
capital gains tax, principal residence, paying taxes: Hi Bill, Your question was addressed to “Karen.” Perhaps you meant this question for another expert, but I will give you my understanding of capital gains. My understanding of the capital gains tax law as changed a number of years back is that an individual...

Buying or Selling a Home: Contract with Realtor, getting a divorce, service answer
getting a divorce, service answer, new mortgage: By all means. Go to your Realtor first to see if she can help you. Chances she will. I got the impression you didn t have a good relationship with her. If someone wants to pay the list price, why not sell it to them? Why would you hesitate? I wish you...

Buying or Selling a Home: what color to paint, shermin williams, cork flooring
shermin williams, cork flooring, time home owners: I don t think cork flooring will turn buyers away especially if it doesn t stand out in any way. In fact it might attract green buyers. Looks like you can paint your room in questions in any color you like, just keep it neutral and light. My favorite...

Buying or Selling a Home: cost effectiveness of fireplace repair, chimney, fireplace
chimney, fireplace: Val, In my opinion, if you are not looking to sell anytime in the near future - do what makes you the most happy at this time. If, in the future, your children decide to undertake the expense of fixing the fireplace/chimney then they can certainly complete...

Buying or Selling a Home: covenants, HOA, CC&R's
HOA, CC&R's, violation: Hello Randy - Each state has different statutes (laws) with unique requirements with regard to HOA s jurisdiction. In addition, each state has a governing agency that real estate sales requirements including notice to buyers of the codes, covenants and restrictions...

Buying or Selling a Home: Damage before closing, good faith estimate, real estate sales contracts
good faith estimate, real estate sales contracts, servepro: MATT-- You have a Contract with the Seller--and I must assume that as most Real Estate Sales Contracts, it provides for transfer of title to you with the property in the condition it was in on the date of your signed-around Purchase/Sale Agreement!Any comments...

Buying or Selling a Home: can i get the deposit back after i cancel the purchasing agreement of land, closing date, english speaking
closing date, english speaking, legal advice: Hi Lin, Is the land your Dad purchased in New Zealand or the United States? If the land is in New Zealand, I do not know anything about real estate laws there. If the land is in the US … your Contract of Sale should have stated a closing date. Secondly,...

Buying or Selling a Home: deposit refund, earnest money, formal complaints
earnest money, formal complaints, licensing authority: Hi Betty, Please excuse the delay in responding. There has been both a death and major surgery in my family in the last two weeks, and I am behind on everything. Wow, sorry to hear of your problem with your builder. Unfortunately, in this time of depressed...

Buying or Selling a Home: Elderly parents selling home to child, current market value, elderly parents
current market value, elderly parents, boston area: Yes, this is legal, Dan. However, I strongly suggest you consult with a real estate or estate attorney to put this together for you so you do not stumble over anything the IRS would frown upon. First of all, you should get two or three Realtors to give...

Buying or Selling a Home: Fees for Selling a home, mail charges, brokerage fee
mail charges, brokerage fee, express mail: Hi Stephanie, I apologize for the delay in responding. I just realized this morning that two questions came in at the All Experts’ site the same day yours did, and I somehow missed yours. I do hope this has not caused a problem for you. When an individual...

Buying or Selling a Home: Finance Contingency/Pre-settlement Occupancy Agreement, landlord tenant law, occupancy agreement
landlord tenant law, occupancy agreement, pre settlement: Hi Kathryn- Thanks for your question. The correct answer may vary depending on what s in your contract and the laws in your jurisdiction but from the facts you gave me, they have an accepted contract with a financing contingency. The MLS system should show...

Buying or Selling a Home: First Time buyer, mortgage interest rates, pay stubs
mortgage interest rates, pay stubs, first time buyer: Hi MELANIE-- Now is an EXCELLENT time to BUY a Home--what with BOTH home values/prices AND mortgage interest rates at an all-tome LOW! One purchasing NOW and holding the property until the Real Estate Market recovers will build equity and profit on the...

Buying or Selling a Home: First time home buyer, VA loans, mobile homes and VA loans
VA loans, mobile homes and VA loans, va loans: Dear Tiffany; Thank you for your question... Congratulations on finding a home to buy... That is great!... The first thing that I would recommend is locate the best real estate agent available for your area. It doesn’t cost you anything to select a Realtor...

Buying or Selling a Home: Flood Zone never disclosed, flood certifications, intentional misrepresentation
flood certifications, intentional misrepresentation, flood zone: Hi Michelle, Generally, lenders require “flood certifications” at closing; i.e., a certification from a service specializing in categorizing a property as being either in or outside of a flood zone. Closing attorneys or title companies usually also give...

Buying or Selling a Home: Foreclosure/Loan Modification, nationstar, foreclosure loan
nationstar, foreclosure loan, loan modification: It sounds to me, Anne, like the reason why you have not received any late notice from your lender is because they may have indeed heard from the loan modification company and saw no point in sending you a late notice. Or, your lender just doesn t bother...

Buying or Selling a Home: How to break a purchase agreement?
Buying or Selling a Home: How to break a purchase agreement?

Buying or Selling a Home: covenants, light bulbs, homeowners associations
Buying or Selling a Home: covenants, light bulbs, homeowners associations, communism

Buying or Selling a Home: help me to avoid foreclosure, foreclosure, lenders
Buying or Selling a Home: help me to avoid foreclosure, foreclosure, lenders, decline

Buying or Selling a Home: Leaking Stanley Martin Homes in Woodbridge, VA (Belmont Bay), stanley martin, first and last time
Buying or Selling a Home: Leaking Stanley Martin Homes in Woodbridge, VA (Belmont Bay), stanley martin, first and last time, contruction

Buying or Selling a Home: LIFE ESTATE, social security disability, piddle
Buying or Selling a Home: LIFE ESTATE, social security disability, piddle, caseworkers

Buying or Selling a Home: PURCHASED HOME WITH ILLEGAL ADDITION, due dilligence, due diligence
Buying or Selling a Home: PURCHASED HOME WITH ILLEGAL ADDITION, due dilligence, due diligence, municipality

Buying or Selling a Home: property tax on foreclosures, maintenance costs, property taxes
Buying or Selling a Home: property tax on foreclosures, maintenance costs, property taxes, mortgage

Buying or Selling a Home: How Do You Get A Staging Certification, cd rom education, home staging training
Buying or Selling a Home: How Do You Get A Staging Certification, cd rom education, home staging training, costly seminars

Buying or Selling a Home: USDA-RD Loan; sell?, usda
Buying or Selling a Home: USDA-RD Loan; sell?, usda

Buying or Selling a Home: fixer uppers, buying fixer uppers, jessica bryan
buying fixer uppers, jessica bryan, lowest possible price: Dear Vanessa; It is to your benefit to get your broker s license since you will be able to network with other brokers and get in on some deals that might otherwise allude you. In addition, you will have more access to records and vital information that will...

Buying or Selling a Home: foreclosure on owner financed mortgage in FL, lease, mortgage
lease, mortgage: Cassie, I m sorry for the confusion. The last response was more of an afterthought. I was just thinking that if there is no lease or no mortgage then the seller/landlord doesn t have much of a case. It depends upon what you said to a judge about the agreement...

Buying or Selling a Home: foreclosure with second mortgage in NJ, mortgage balance, mortgage equity
mortgage balance, mortgage equity, first mortgage: In a short sale situation, the lender always takes their time about these things. If you stop making payments, then it won t make any difference to you AND the lender. They know they are losing money on your loan, so you just have to wait. Plus, with the new...

Buying or Selling a Home: To good to be true or can this be trusted?, wake county nc, real estate broker
wake county nc, real estate broker, pool services: Dear Annette: There are a lot of companies everywhere that make this claim and do buy up homes. However, not at the price you would want. Keep in mind that once they purchase your home, they need to maintain it, keep up any mortgage payments they may have...

Buying or Selling a Home: grandma property issue, grandmother lives, time companion
grandmother lives, time companion, question of the day: Yes, Damary, it is quite understandable when there are nine people who must sign documents. You just don t know if all of them are still alive or of sound mind. That s why you really should have someone go there and carry the documents to be signed to all...

Buying or Selling a Home: HOA Disclosure, subjective observation, john hendricks
subjective observation, john hendricks, hoas: Dear Rob; Great question! No, this does not have to be disclosed, but it does not hurt if you do disclose to a buyer as an observation. This is a subjective observation made by you that really has no relevance to the HOA. I have not seen too many HOA’s...

Buying or Selling a Home: Home Inspection, john mckenna, general inspector
john mckenna, general inspector, summer vacations: If you live in a state that requires that an inspector go by a STANDARDS OF PRACTICE then you may discover things about the house that may not be revealed by a contractor who is just trying to analyze how to fix the house at the lowest cost. Many times...

Buying or Selling a Home: Home Tax Reassesment, re-assessment of property value and taxes, property taxes
re-assessment of property value and taxes, property taxes, california property taxes: Dear Karl; Anytime there is a sale and transfer of property in the State of California, the property is subject to being re-assessed at the recorded sales price. Even though the father was to gift his portion to the son, the uncle would probably want some...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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