About Experts Sitemap - Group 8 - Page 4 2014-10-28

Buying or Selling a Home: selling a mobile home that I have added on to., straight answers, court house
straight answers, court house, title company: I am not sure if you are selling the mobile only or land and mobile. If you don t have a lien on the property, just sell it. You can contact a Title company and they can run a Title check for you. Or got to the court house and do it yourself. I hope that...

Buying or Selling a Home: Being sued for problems with retaining wall, small claims court, railroad ties
small claims court, railroad ties, full disclosure: First thing I must say is GET WITH AN ATTORNEY A.S.A.P! Even if you ve been served to appear in Small Claims Court-- where you typically CAN T have an Attorney address the Court for you--you need legal advice, opinion & guidance on this matter! As I m...

Buying or Selling a Home: Tenants Rights vs Landlord Selling Property, lease states, property question
lease states, property question, lease holder: Hi Again Naimah, I practice in NY and in NY your rights may be different than in GA, but here you do have to make the home available to show given proper notice. Usually 24 hours! Also, just FYI, we use lockboxes all the time and have no problem with them....

Buying or Selling a Home: Title problem, hcd, housing and community development
hcd, housing and community development, bmv: Hi Gianna...assuming your state is similar to California, the Housing and Community Development (HCD) handles the mobile home registering, etc. Go to your state s website, find HCD, locate the local office, bring what ever you have for paperwork. They will...

Buying or Selling a Home: thread on quick claim deads, Quit claiming property to avoid taxes...
Quit claiming property to avoid taxes...: Dear Kenneth: I attached a pdf file that explains to some degree what happens when you find a situation like your wife, her sister and dad. If the clip does not explain to your satisfaction, you may want to call Jackie Boccabella, with Stuart Title of California...

Buying or Selling a Home: title search, inheritance taxes, unexpected repairs
inheritance taxes, unexpected repairs, living trust: You may want to talk to the attorney who made that living trust and see if it is possible to put your son in that trust. If that be possible, then there may not be any captital gains tax for him or you to worry about. Talk to a real estate or estate attorney...

Buying or Selling a Home: trying to sell our doublewide, perimeter walls, real estate foreclosures
perimeter walls, real estate foreclosures, foundation system: Hi ASHLEY-- Trying to sell your 2002 Model Double-Wide without selling the land? Is the Double-Wide attached to the land via some sort of foundation system, tie-downs, pit-set,perimeter walls, etc? If the Home & the Land are tied together that makes...

Buying or Selling a Home: unconditional contract, unconditional contract, olene
unconditional contract, olene, settlement date: Hello Olene, Thank you for your question. As you have explained it you are in unconditional contract to close in six months? You become the owner at the closing and become responsible for property expenses then unless you made other arrangements in...

Buying or Selling a Home: VA, fha loans, fha loan
fha loans, fha loan, question thanks: Unfortunately that is precisely the reason the lenders probably will not do a VA loan for you on this home. There is no valid (in their minds) reason for you to move next door to a home that is the same size other than for investment. They are SO strict now...

Buying or Selling a Home: Agent research, shenandoah valley, interview 2
shenandoah valley, interview 2, hi john: Hi John- What a great question! Too many people don t do their research. Here s what I recommend (and I m trying to be unbiased here as I am a Re/Max broker)- 1. Word of Mouth/Recommendations- great place to start. People are thrilled to share their experiences,...

Buying or Selling a Home: Appraisal Contingency / Cancellation / Good Faith Deposit, mail correspondence, appraisal contingency
mail correspondence, appraisal contingency, escrow instructions: You followed the proper way of doing this, Amanda. Just one thing. You were dealing with a bank. And they usually take about 30 days to return your money in this case, especially since it was an REO you were trying to buy. What did your Realtor answer to that...

Buying or Selling a Home: Buying and reselling foreclosures, real estate contract, real estate brokers
real estate contract, real estate brokers, question pool: You are asking questions that seek LEGAL OPINION, ADVICE & GUIDANCE. To legally and accurately answer your inquiries one must be a (your) State-licensed Attorney ( one who specializes in Real Estate Law is recommended). In some States Real Estate Brokers...

Buying or Selling a Home: banks loan, small claims court, recourse
small claims court, recourse, time and money: Because it is a very low deposit, José, your only recourse is to take that bank to small claims court . . . unless you signed some kind of document that said that you will be losing your deposit if they decided you did not qualify for the loan. But you can...

Buying or Selling a Home: buying land, easement area, utility easement
easement area, utility easement, desirable neighborhood: Hi Esther, When you say the land you want to purchase is not located in a “desirable” neighborhood, I am not sure if you mean the aesthetics of the land itself are not desirable, the proximity of the land to commercial and/or industrial property, or possibly...

Buying or Selling a Home: Canadian buying a home in California, certified public accountant, cpa certified public accountant
certified public accountant, cpa certified public accountant, irs taxes: Dear Janice; Thank you for your good question... There has been so many changes in the lending industry in the USA that you should contact a mortgage broker recommended by your Realtor in California. The lender will spell out to you the current requirements...

Buying or Selling a Home: Canadian buying property in California, buyer representatives, best bet
buyer representatives, best bet, joint tenants: Hi Janice, The best way to find a good Realtor in that area is to search the website rebac.net for agents in that area that are Accredited Buyer Representatives . This means they have passed a series of tests and specialize in working with Buyers. ...

Buying or Selling a Home: Changing Realtors, listing contract, compensation
listing contract, compensation, post contract issues: Hello Lisa - Listing Broker documents as required in Arizona by A.R.S. 32-2151 must include a beginning date and an ending date as well as an amount of compensation and signature of the parties to be a valid and enforceable document. The boilerplate of a listing...

Buying or Selling a Home: Co-borrowing for a family member, john hendricks, moments of time
john hendricks, moments of time, pang: Dear Pang; As long as your sister is on the deed and is using the home as her primary residence, this property would not be considered an investment property. How the IRS would consider your portion of ownership to be addressed is still the question. I...

Buying or Selling a Home: Compensation to buyer's agent, MLS, Compensation
MLS, Compensation, representation: Answering this from another perspective... you could say that the listing agent charges a fee for complete services (from listing, marketing, tracking, reporting, staging, negotiating, overseeing the inspection period, reviewing the title report, reviewing...

Buying or Selling a Home: Construction Lien, construction lien, contract workers
construction lien, contract workers, temporary help: As long as your attorney (I don t think much of him) is not willing to do anything, Christi, then contact your state board of contractors. They will make it so that either the contractor pays you or they will suspend his license. Then go and find a good REAL...

Buying or Selling a Home: child support judgement, credit card judgements, mike thanks
credit card judgements, mike thanks, hi mike: Hi Mike, Thanks for your question. You need to have a title search done. That will reveal all liens on the property. When you are selling your house the buyer will get a title search. The bank will not lend money for the purchase unless the title is...

Buying or Selling a Home: clear title, Cloud of the title
Cloud of the title: Dear Jeffrey; Thank you for your question. If the preliminary title report notes that there is a lien or judgment on the property, that would be considered a cloud in the title, and it may hamper the sale of your property. I am surprised though that...

Buying or Selling a Home: is it a cloud on title?, statement of information, closing escrow
statement of information, closing escrow, encumbrance: Your Realtor should have been able to explain this, Jeff. But almost every prelim has that kind of caveat. It is sort of a catch-all for anything they omitted in the title search. My suggestion is to actually have the title company explain to you just what...

Buying or Selling a Home: contract with listing agene, jessica bryan, adn
jessica bryan, adn, marketing: Dear Jane; You have the right to interview a prospective new agent but the new agent cannot and should not approach you first. That is unethical and considered soliciting a listing. So...if you want to seek out the agent to interview, it is fine as long...

Buying or Selling a Home: Dealing with the credit union and my realtor, jessica bryan, first time buyer
jessica bryan, first time buyer, property expert: Dear Rachel; Obtaining a loan requires lots of information sharing that is of a highly confidential nature. The fewer people involved the better. Many lenders refuse to even talk to the real estate agent unless there is a pass code given to them by the...

Buying or Selling a Home: Disclosure, home in lakewood, arbitration clause
home in lakewood, arbitration clause, small claims court: Yes, pest problems are supposed to be disclosed in your paperwork. The only way the Seller could get out of it is if they denied knowing there was a problem. Either way, contact your agent and have them contact the Seller s agent and let them know that you...

Buying or Selling a Home: Disclosure, residential property disclosure, property disclosure form
residential property disclosure, property disclosure form, water damages: Hi Jennifer, You would need to check with the Real Estate Commission of your State for your State’s disclosure laws. Different states may have different laws as they relate to statutorily-required seller disclosure forms and disclosure of material defects...

Buying or Selling a Home: First time buyer, first time homebuyer, jessica bryan
first time homebuyer, jessica bryan, first time buyer: Hi Nicole; It is increasingly easier from a few months ago to obtain a loan as a first time homebuyer with all of the incentives and a slight relaxation of lender money now. Still it is important that you have good credit but as far as the score...it depends...

Buying or Selling a Home: First time buyer looking for a cheap starter house, first time buyer, contaminated environment
first time buyer, contaminated environment, checking savings: Hey JOE-- You didn t just ask a question or two; you want a FIRST-TIME HOMEBUYERS COURSE 101! And I can help you with that: go to your PC and log onto the MORTGAGE BANKERS OF AMERICA Website (www.mbaa.org) and from its HOMEPAGE select CONSUMER EDUCATION...

Buying or Selling a Home: First time buyer looking for a cheap starter house, first time buyer, contaminated environment
first time buyer, contaminated environment, checking savings: Dear Joe; There are many sites that can walk you through the preliminaries of house buying but a good agent can be of more service than anything else you do. You can call a local real estate brokerage and ask the manager who is a first time homebuyer specialist....

Buying or Selling a Home: First time buyer looking for a cheap starter house, first time buyer, contaminated environment
first time buyer, contaminated environment, checking savings: Joe, I would suggest first getting pre-approved (vs. pre-qualified) if you are serious about purchasing. Starting the process at your bank where you already have accounts and do business would be an excellent place to begin. Do not go to multiple banks,...

Buying or Selling a Home: FSBO purchase, nasty divorce, estate knowledge
nasty divorce, estate knowledge, back taxes: This is a bit confusing, Guy, but I will try to answer the best I can. You re in Afghanistan, yet you waant to buy something in the northern part of Alaska, right? Boy, it does appear you want to get away from your divorce and any remnants of it, all right....

Buying or Selling a Home: Realtor Fraud?, small claims court, better business bureau
Buying or Selling a Home: Realtor Fraud?, small claims court, better business bureau, litigation costs

Buying or Selling a Home: finding info regarding sold property in CA, real estate agents, escrow
real estate agents, escrow, irs: First call the escrow company that handled the sale. Most likely that s how the IRS found out about it anyway - the escrow company is obligated to send a report of each sale to the IRS. If they can t help you, try calling the real estate agents that were...

Buying or Selling a Home: first time home, first time homebuyer, hud fha
first time homebuyer, hud fha, united states department of housing and urban development: BART-- You ve posed a very interesting question here! You are quite correct in that your 1974 Mobile Home--doesn t meet Federal Standards set in 76, not on a permanent foundation, still has the wheels attached ,is on rented land (a trailer space, in a...

Buying or Selling a Home: first time home, united states department of housing and urban development, gee whiz
united states department of housing and urban development, gee whiz, first time buyer: You virtually answered your own question, Bart. Yes, I agree with everything you offered. YOU ARE A FIRST-TIME BUYER. Gee, whiz, if nothing else, the fact that you pay rent on the land of your residence should indicate that you qualify as a first-time buyer....

Buying or Selling a Home: Ghost owner concerns, owner concerns, owner occupancy
owner concerns, owner occupancy, stable income: Barnett, If you are paying cash, just have the escrow company put your Sis s name on it....also put your name as legal owner, just in case something goes screwy in the future; this way you can protect your interest! The park will not know. Their concerns...

Buying or Selling a Home: HOME CLEANOUT AND CLEANUP IN LAS VEGAS, e mail addresses, mailing postcards
e mail addresses, mailing postcards, html email: Hi Jeanette, First I will tell you the worst way, which is telephone call. We get calls all the time (at least we used to when the market was hot) and it was super annoying. I think your first and best choice would be an email flyer. There are companies...

Buying or Selling a Home: Home purchase - information not disclosed, las vegas, homes
las vegas, homes, real estate: Hi Devan, You really need to look at your paperwork closely first to make sure that there was absolutely no mention of these tanks in anything you were previously given - preliminary title reports, real property disclosures, etc. It is likely that this...

Buying or Selling a Home: home buying, pre-possession, failure to close
pre-possession, failure to close, extension: Hello Chris - This situation can on two personas. First, it could be no problem, second, it could be a major crisis. The first, it could be this was an investor who acquired the property on a lease/purchase or agreement-for-sale which would require the first...

Buying or Selling a Home: investment home, cash flow analysis, foreclosure auction
cash flow analysis, foreclosure auction, best time to buy a house: Hello: Wow. Esther, try not to be overly offended, but you are hitting the all the high notes on the song, How not to buy a piece of property and lose your money 1) You bought from the listing agent direct. This should be reserved for professionals....

Buying or Selling a Home: LEASE W/OPTION TO BUY, lease option, written documents
lease option, written documents, real estate documents must be in writing: If you have a written, dated and signed (by you and owner) option, Mike, the owner would be selling that property subject to your valid option. If you only have that option verbally, you have nothing . . . maybe. See next paragraph. He can do as he pleases...

Buying or Selling a Home: Lien/encumbrance search on tax-defaulted properties, open escrow, steady customer
open escrow, steady customer, state governments: The individual state governments have cracked down a bit on title companies, so the title companies now charge for their services unless you are a steady customer of theirs and/or (like you found out) are in the process of buying a property and have an open...

Buying or Selling a Home: Life Estate, life estate, mr dennis
life estate, mr dennis, law case: Since you really have a law case here, I strongly suggest you hire an attorney to get him off your back. You gave him an informal life estate. That tells me none exists. Anything in real estate must be in writing. If it is not in writing, it was never said....

Buying or Selling a Home: loan processing leading into Underwriting, entry level position, mortgage professor
entry level position, mortgage professor, google: You should ask Jack Guttentag, the Mortgage Professor. He knows all there is to know about that end of the business. I just hope he is not too busy to reply. Just put his name in Google and it ll come up. You ll be glad he answered. I do wish you well. ...

Buying or Selling a Home: MLS, wordings, blank space
wordings, blank space, 7 months: I am sure you meant Exclusive Authorization and Right To Sell, Debra. Most listing agreements are the same and you should be aware that ALL listing agreements tell you that commissions are negotiable. Also, all listing agreements stipulate (they usually leave...

Buying or Selling a Home: mobile home $8000 stimulas, mobile home park, stimulas
mobile home park, stimulas, time home owners: Bart....I don t know about rebates, but the word you are looking for is real property . If your home is NOT on a foundation, it is NOT real property. This puts you in a totally different category for loan purposes. I would look at your state s HCD link....

Buying or Selling a Home: what are the options, jessica bryan, mortgage commitment
jessica bryan, mortgage commitment, deposit money: Dear Mayurj, You have a contract and it needs to be honored. I doubt that the seller would have agreed going in to the contract to lower your price if future sales came in at lower prices. It is sometimes unforeseeable and also a chance that you both take....

Buying or Selling a Home: Purchase for a Minor, time home buyers, first time home buyers
time home buyers, first time home buyers, tax expert: While the son may own property under the age of 18, he is not permitted to convey title until he is 18 or more. However, as for the rest of the question, Emoke, you really should consult with a tax expert, like a CPA or tax attorney. I wish you well. Dick...

Buying or Selling a Home: pros and cons of baving your home be unincorporated, pinellas county florida, trash pickup
pinellas county florida, trash pickup, police protection: Hey, Adriana. The pros are usually that certain taxes are lower, such as the various city taxes for schools, fire and police protection, trash pickup, etc. The cons are that you might pay seperately for those services. Other than that, I can t think...

Buying or Selling a Home: purchase Tax Defaulted Houses, collector auctions, mortgage balance
collector auctions, mortgage balance, payor: Your scenario is not likely to occur, Michael. Why? Because almost every lender (mortgagee) subscribes to a tax service. That tax service advises the lender that so and so s taxes have not been paid. So, even though that property owner has been up-to-date...

Buying or Selling a Home: Question about backing out of buying a house, contract states, addendums
contract states, addendums, housing loan: To answer your question; it depends. It depends on what your contract states. In general you could be sued for not following through with what you need to do in order to get your loan to work. You should pay special attention to any additional addendums...

Buying or Selling a Home: Quick Question, ssi disability, elderly father
ssi disability, elderly father, question question: Hey, Skyler. Go to http://activerain.com. Scroll down to the right side where you ll see states and cities listed. Scroll through the people you see listed and see if you find someone who you think can help you. I m over at ActiveRain as well, and I...

Buying or Selling a Home: Quit Claim/ Name off mortgage, long term relationship, loan docs
long term relationship, loan docs, jessica bryan: Dear Josh; You need to discuss this with an attorney to see what can be done. There are legal obligations when you sign loan docs that do not necessarily go away just because you sign off your interest in the property. I cannot give you legal advice but...

Buying or Selling a Home: I have a question hope you can help, black mold, window seal
black mold, window seal, second job: Hello Chyrstal. Sorry to hear about your experience. You need to do a Google search on Tenants Rights in **insert the name of your City/State* and then contact the appropriate city, county or state authorities regarding these issues. It looks like you have...

Buying or Selling a Home: Realtor Choice, pot plants, irrigation system
pot plants, irrigation system, time home buyers: Dear Jo; Thank you for getting back to me. Yes, I can help you through the process of getting an experienced Realtor for the job of finding you a home. If you would please e-mail me at JohnHendricks@Marin1.com with the following information, I can then...

Buying or Selling a Home: Realtor Fraud?, pressing charges, real estate agent
pressing charges, real estate agent, purchaser: Hi Jodi, Sorry for the delay in responding to your question. The All Experts’ system just notified me of your pending question, which I had not previously seen. If you have emails from your agent telling you the appraisal came in at $235,000, but it...

Buying or Selling a Home: Rent to own or lease option, option period, legal language
option period, legal language, lease options: Hey, Mary. Although I don t know what state you re in, you can do a lease option in any state unless something s changed. Something might have changed because lease options got a bad name about 20 years ago because of abuse. They can be tricky, so you...

Buying or Selling a Home: Getting ready to sell a home, deed transfer, family trust
deed transfer, family trust, tax basis: Before you do any property transfer of any kind, LaToya, I recommend you consult with a VA estate or real estate attorney to handle the transfer at the least amount of cost and concern with the IRS. The way you re doing it now, you may not only have to pay...

Buying or Selling a Home: repairs and upgrades before selling, sliding glass doors, french doors
sliding glass doors, french doors, necessary repairs: Hi Doug, good for you for rehabbing your house before you sell. This will give you more money in the long run. I recommend replacing the sliding glass doors with french doors, this is a more up to date look and you will see more return for your money. ...

Buying or Selling a Home: Selling our home, privacy fence, jessica bryan
privacy fence, jessica bryan, house sale: Dear Susan; Since the neighbor caused the sale to fall apart (can you prove that?)you might have grounds for a lawsuit but it is not for me to say. You need to consult an attorney to discuss your rights and how to proceed. Best wishes, Jessica Brya...

Buying or Selling a Home: Selling a home - moving overseas, sanjay, power of attorney
sanjay, power of attorney, selling a home: Hi Sanjay, As long as you have access to fax or email and can receive Fedex (or other carrier) you should be able to sign your own docs. If you do not feel comfortable giving anyone power of attorney do not do it. I suggest you call the escrow company...

Buying or Selling a Home: Selling Mnfg'd Home in Wa- buyer wants me to carry mortgage, deed buyers, lien holder
deed buyers, lien holder, motgage: Hi Ralph....forget the VA, as they will NOT make this type of loan, and certainly do nothing regarding credit repair! OK first off...if you still owe $$ on the home, the mortgage must be satisfied with the current lien holder. If you pay off the motgage.,...

Buying or Selling a Home: Septic System, septic system, gray water
septic system, gray water, dry well: Hey, Karen. Different states have different requirements. Some require a septic system clearance while in others it s a totally negotiable situation. Your Realtor should be able to help you. If you re not using a Realtor, with what you ve told me, quite...

Buying or Selling a Home: Septic Tank Issue, Survey, lot lines
Survey, lot lines, septic: Hello Michael - When issues regarding property lines are involved it is always appropriate measure to talk to the complainant neighbor first and see what the individual is looking for as a remedy.. maybe its just so you know its their property... maybe they...

Buying or Selling a Home: Short Sale of House with a Lien, question pool, jim root
question pool, jim root, luck jim: Miki-- What right do we have in this scenario? you ask! Considering the scenario, all one can say is You have the right to an Attorney! You need to get a Lawyer on your team ASAP. There s something wrong here, and only one authorized to practice...

Buying or Selling a Home: Starting out as a real estate agent, question pool, blood relatives
question pool, blood relatives, top producers: Dave-- Most of the Top Producers in the LA area are blood relatives of the very rich and/or famous. Your best chance of becoming a Top Producer is to find one of those Richie( or Richelle) Rich-types who needs a Personal Assistant and work with...

Buying or Selling a Home: Which Subdivision, decicion, personal preference
decicion, personal preference, private pool: Hello Jessica, thank you for your question. Personal preference is most important in this decicion. If this is more of a family community, the school might be a good attraction for resale. But either one sounds like a sound investment. Good luck to you...

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

Buying or Selling a Home: seller late on 2nd, foreclosure, NOD
foreclosure, NOD, notice of default: Technically, Vickie, any TD is late on the day after the payment is due. You then may file a NOD (Notice of Default), although most TD holders would send a courtesy reminder of payment due within 15 days. Then upon no response or unsatisfactory response, you...

Buying or Selling a Home: selling a house on contract, mike dick, equitable title
mike dick, equitable title, buying a house: Yes, subject to the existing contract financing, Mike. Obviously, the one who has a house on contract cannot give his buyer title to the house, since he doesn t actually have the title. He only owns the property through equitable title. That means that should...

Buying or Selling a Home: selling price, dual agency, lack of representation
dual agency, lack of representation, appraisal: Hello Martha - There is no representation benefits to a dual agency scenario, rather quite the contrary. The market could be interpreted as improving with the understanding the increase in sales in due to the seasonal market and the new finance programs for...

Buying or Selling a Home: selling an upside down mortgage, fixed rate loan, mortgage question
fixed rate loan, mortgage question, 30 year fixed rate: His name is Bill Jenkins, Gayle. He and his wife are both CDPEs. They are very knowledgeable in helping your daughter. He is located in Henderson with Keller Williams real estate office. Please let me know how he is helping you. I wish you well. Dick Dennis...

Buying or Selling a Home: Transfer of ownership, Quit Claim, transfering property
Quit Claim, transfering property: Dear David; Thank you for your question and your patience for my response. No you do not need a Realtor for this type of transaction. Contact a title company in your area and ask to speak to an escrow officer. If you remember who you used when you acquired...

Buying or Selling a Home: termites, winged ants, pest control company
winged ants, pest control company, termite inspection: It s too bad you misread my reply, Madam. (Now that you have set the tone of my reply) You were nine years too late with your complaint . . . to the wrong person! You should have complained to the people who would do you some good . . . nine years ago. How...

Buying or Selling a Home: unfair practices during foreclosure in ca, foreclosure proceedings, disability retirement
foreclosure proceedings, disability retirement, dying of cancer: As much as I would like to help, Katey, you desperately need a good REAL ESTATE and/or ESTATE attorney to start to put everything back the way it should have been. This has morphed into strictly a law case. I can see in at least two areas in your story that...

Buying or Selling a Home: va home loans, home loan benefits, va home loans
home loan benefits, va home loans, jessica bryan: Dear Jeff; A VA benefit may have some restrictions and requirements that should be understood before beginning your search. Once you understand what they will need...who pays for what...etc. You should structure your offer on any home you decide on accordingly....

Buying or Selling a Home: 2nd home, existing mortgage, taxable gain
existing mortgage, taxable gain, tax gain: What I am about to disclose to you, Ted, I highly recommend you have a real estate attorney handle for you to make sure your and your daughter s interests are protected. Your loan on your 2nd home is not assumable, although you certainly may sell the...

Buying or Selling a Home: 3/26- follow up --adverse possession, adverse possession, squatter
adverse possession, squatter, belongings: I don t understand who you re saying the risk is for. You can be arrested for being a squatter, I doubt any police will put an owner in jail for evicting a squatter. I saw it happen right next door to me. When the squatter left the house the bank rep moved...

Buying or Selling a Home: Adding my girlfriend's name to title, john hendricks, dear johnny
john hendricks, dear johnny, refiance: Dear Johnny; Thank you for your question... There are a few things to think about before you add your girlfriend to the ownership of your property. I am not a Real Estate Attorney, nor a CPA... I am just a Realtor and can t legally advise you on the...

Buying or Selling a Home: Adding my girlfriend's name to title, grant deed, refiance
grant deed, refiance, county recorder: You may want to rethink this, Johnny. I can t count how many times people have regretted adding a girl or boyfriend to a title of a property only to have go through a lawsuit to undo it all. Relationships do change, as you know. However, if you want to do...

Buying or Selling a Home: Adding a person to my mobile home title, estate question, lots of money
estate question, lots of money, difficult times: This is really not a real estate question, Donna. But I will do my best to help you. This is not a real estate question if your mobile home is located in a park in which you are paying rent for your space. If it is located on a piece of land and you are paying...

Buying or Selling a Home: Builder said can't build the floor plan that we signed, foreclosure homes, wasting our time
foreclosure homes, wasting our time, building envelope: Hello Sujatha, Thank you for your question. It sounds like the builder accepted your request for plot and floor plan, but may have been turned down by the building department for some reason of not conforming to local zoning requirements based on your...

Buying or Selling a Home: Buying Foreclosure (murphy's law version), contract earnest money, mortgage companies
contract earnest money, mortgage companies, mortgage company: Ahhhhhh the joys of dealing with foreclosures. Do you wonder now why the mortgage companies were in trouble and losing money? nah. Who has the house listed now? Did you ask the agent what was going on? Did you ask the person who signed your contract what...

Buying or Selling a Home: Buying a Home/Financing, fha loan, cockeysville maryland
fha loan, cockeysville maryland, settlement money: I am a little confused by your question. If you put more money down on the house then you don t need to borrow as much. If you get a gift from someone (like family) you get a gift letter for the lender that explains your extra income to purchase the house....

Buying or Selling a Home: Buying a House by Owner, credit, non-recurring closing costs
credit, non-recurring closing costs, fha: Dear Susie; Thank you for your question... The best way to find out what your actual closing costs will be is by asking your Mortgage Broker to prepare a Estimated Closing Statement . It will identify what costs you would be responsible for at the close...

Buying or Selling a Home: Buying a house with boyfriend, contract details?, diligence, advice
diligence, advice, using an attorney: Hello Darcie - I apologize for the delay in my reply. When selecting an attorney it is imperative that they specialize in real estate. It is reasonable that you should proactively protect your interests in reducing future risk and exposure to litigation. Candidly,...

Buying or Selling a Home: Buying a REO, mold problems, mold problem
mold problems, mold problem, city of cerritos: First, I was told by my agent that they already have a few offers and are still accepting offers. So, since we re not in escrow yet and from what you ve said then I probably don t have much leverage with the five day inspection demand, correct? IF YOU...

Buying or Selling a Home: Buying and Renting Out A House, las vegas, real estate
las vegas, real estate, homes: Hi Caine! It is a great time to be buying in most parts of the country. And you can certainly own a home that has a mortgage on it and rent it out to someone else. But you will be buying the home as an investor rather than an owner occupant, so the down payment...

Buying or Selling a Home: Buying and Renting Out A House, buying a house, real estate agent
buying a house, real estate agent, good luck: Hello Caine. For an investor loan you will have to have between 20-25% down payment. You cannot rent the house out until you close on the transaction and own it(the bank holds a note on it if you get a loan.) The best way to find a house is with a real estate...

Buying or Selling a Home: Buying and Renting Out A House, buying a house, closing costs
buying a house, closing costs, good luck: It s going to be hard to get a mortgage on a second home unless you make a lot of money. I can t predict how much money it will take to renovate your potential new home, but closing costs will be approximately $10,000. No, you can t rent out a home you don...

Buying or Selling a Home: Buying and Renting Out A House, local realtors, advance preparations
local realtors, advance preparations, buying a house: Hello Caine, Thank you for your question. Owning real estate as an investment is great. You should try to do it. Before you can rent out or renovate a property you need to own it. You can certainly make advance preparations for renovation before...

Buying or Selling a Home: Buying and Renting Out A House, jessica bryan, buying a house
jessica bryan, buying a house, process of buying a house: Dear Caine; It all depends upon whether or not you can qualify for a loan for the remaining amount of money you must borrow in order to purchase the income property. I suggest that you contact a lender to get pre-qualified and to discuss your options, monthly...

Buying or Selling a Home: Buying and Renting Out A House, mortgage company, buying a house
mortgage company, buying a house, money down: If you buy a house, you can rent it out. Most loans for investment properties will be different than a loan for your primary residence. You ll be required to put more money down, etc. You should contact a Realtor that works with investment properties. ...

Buying or Selling a Home: Buying and Renting Out A House, time loans, real estate investment
time loans, real estate investment, subprime market: Dear Caine; Thank you for your question. I can really appreciate your desire to start the process of owning a portfolio of rental properties to help financially secure your future. You have to start somewhere and now if you can afford to buy a piece...

Buying or Selling a Home: Buying and Renting Out A House, buying, selling
buying, selling, fixing: Hi Caine... you actually have a couple question in this question... First congratulations on wanting to buy income property... your lending situation is different than we have here in California where I am... to buy income property we are more at a 20-25%...

Buying or Selling a Home: Buying my son's condo in a short sale, deficiency judgment, party act
deficiency judgment, party act, tax consequences: Dear Bob; Thank you for taking the time to submit your question, and I appreciate your patience in waiting for my answer. I have been involved with a business venture in Mexico which has taken much of my time and I am just getting around to my e-mails....

Buying or Selling a Home: bidding on a house, john hendricks, broker manager
john hendricks, broker manager, bidding on a house: Dear Terry; Thank you for your good question. Yes it is, although ethically the Realtor may want to disclose the situation to each of the clients prior to writing the offer. If the Realtor is representing the Bank in the sale of the property, it is their...

Buying or Selling a Home: breached contract, legitimate reason, earnest money
legitimate reason, earnest money, althea: Dear Althea, Thank you for your question. I work in New York so I am not up to speed on New Jersey rules. In New York, if one defaults on the contract the seller can keep the escrow money. It sounds like you are willing to give up your deposit to...

Buying or Selling a Home: how to buy a home before selling, home downpayment, knowledgeable realtor
home downpayment, knowledgeable realtor, mobile homes: The question you ask, Barb, is one that has been a problem for home buyers and sellers for time immemorial. How to buy before I sell? Especially in this kind of down market, it is verrrrry difficult. First of all, you most likely will not get what you think...

Buying or Selling a Home: buying a home, real estate broker, credit score
real estate broker, credit score, mortgage broker: I m sure there is, Michael. You need to do two things. You have done them already, but you need to do a more determined effort. 1. Find a lender and it does not have to be a bank. There is a mortgage broker out there some place in Florida that can find the...

Buying or Selling a Home: buying a house, first home buyer, first position
first home buyer, first position, buying a house: What the Realtor has told you is that a buyer and seller have already agreed to a sale of that property, Tiff. Now they wait for the buyer to qualify for a new loan and the closing. It may be or may not be subject to the buyer qualifying for his/her loan for...

Buying or Selling a Home: buying real estate, jessica bryan, yonkers ny
jessica bryan, yonkers ny, dear sam: Dear Sam; The exclusive right to represent simply means that the agent is not competing with any other agent to represent your daughter in the buying of a home. The agent will represent her best interests. However, the daughter should make sure that the...

Buying or Selling a Home: buying out siblings in joint owned home, deed of assent, asbestos siding
deed of assent, asbestos siding, home improvement loan: Hi Dee, What you need is money to finance this house, so I doubt that a lawyer would be able to help you any more than a good lender. I don’t understand your mortgage specialist telling you the best route for you is a cash-out refinance, when you stated...

Buying or Selling a Home: California property taxes, california property taxes, top priorities
california property taxes, top priorities, california attorney: Hi Sheila- I am sorry about your brother-in-law. I may not be the right person to answer this but if property taxes work the same way there as they do in Virginia- a quick call to the county tax assessor s should be able to let you know- sometimes they even...

Buying or Selling a Home: Closing Delay By Purchaser...leading to Additional Seller Costs, failure to close, extension
failure to close, extension, negotiating: Hello Robin - I apologize for the delay in my reply. You are correct. First, you have the right to consider the terms under which you would be willing to enter into an extension to the close-of-escrow. The fees it will cost you to delay the close is reasonable...

Buying or Selling a Home: closing problems, intelligent answer, mr dennis
intelligent answer, mr dennis, possesion: I am sorry, Kathleen, but it doesn t seem I ve been given the whole story. Therefore, I cannot give you an intelligent answer. For example, is there another agent in the picture? How was it possible for him to get you to sign if you objected to at least a...

Buying or Selling a Home: Deeding or gifting house to relative, tax expert, aol
tax expert, aol, tax attorney: We re getting close, Judi. Apparently when you gave your half of the property to your daughter YOU DID NOT record the change in title. Therefore, you actually never gave your daughter your half of the property. Otherwise, you would still not be shown as half...

Buying or Selling a Home: Ethics, negotiation period, mandatory disclosure
negotiation period, mandatory disclosure, referral fee: Dear Jillian: OK, but with disclosures. Many states have a mandatory disclosure form that states that agent may make offers for more than one buyer on the same property. All parties sign that. What is imperative is that it is fully disclosed UP FRONT,...

Buying or Selling a Home: Etiquette, medical supply store, footie socks
medical supply store, footie socks, buyer client: Hi Sophia, If you know that your listing client does not want shoes worn in their home, I would get some of those surgical slippers (you can get them at a medical supply store and they are inexpensive) to put in a basket by the front door along with a note...

Buying or Selling a Home: First time home buyer tax incentives, time home buyers, time home buyer
time home buyers, time home buyer, first time home buyers: The tax credit from the state of California is only applicable to new construction, to my knowledge. Here is a faq page for the federal tax incentive: http://www.federalhousingtaxcredit.com/2009/faq.php This money is a tax credit, they don t give you...

Buying or Selling a Home: Foreclosure and HOA, errors and omissions insurance, foreclosed home
errors and omissions insurance, foreclosed home, title insurance: Actually, Jeanine, the registration of a HOA in any particular neighborhood is probably the second thing recorded on the property s title (property taxes are first). So, you really cannot escape that. However, the seller, whoever it is, has a responsibility...

Buying or Selling a Home: Help!, stay at home mom, fha programs
stay at home mom, fha programs, debt issues: Hi Lisa- Thanks for the question. There is always a light at the end of the tunnel. I would suggest that you talk to a loan officer about your options. I doubt there is anything immediately that you can do but they should be able to help you with a plan of...

Buying or Selling a Home: HOA violation, monetary allowance, hoa board
monetary allowance, hoa board, conflict of interest: Hi Jan, Sorry to hear of your problem. I hear complaints about homeowner associations frequently. If you want to try and make some changes in your subdivision, get a copy of your HOA Bylaws and see how many votes it takes to change the restrictions....

Buying or Selling a Home: Get out of House Buying Contract, new homes, las vegas
new homes, las vegas, real estate: Hi Nathan, This is not a crazy question at all. You have every right to be concerned about the neighborhood, especially if the builder who started the development has gone bankrupt since you signed the contracts. You can choose to not close on the home,...

Buying or Selling a Home: home improvement loan, home improvment loan, home improvement loan
home improvment loan, home improvement loan, lenders: Hello Antia, Thank you for your question. Lenders cannot discriminate based on age. If she has equity in the home and good credit she should be able to get a home improvement loan. If she passes away the loan would be secured by the property and...

Buying or Selling a Home: Incompetent realtor, escrow agent, escrow account
escrow agent, escrow account, department of real estate: DEar Betty: You are in a very frustrating position. I do not care that your agent is a friend of your Mother, still sit down and talk at a meeting with her, her manager (or office owner) and yourself. Explain all of the above, and how you are not being...

Buying or Selling a Home: Legal, bank foreclosures, buying foreclosed properties
bank foreclosures, buying foreclosed properties, purchasing foreclosures maryland: That s the problem; I don t know if you d be able to recoup any damages at all. The bank s addendums are to protect the bank from liability and state as-is throughout. I would think you would have to prove that the bank knew about it but even then, the...

Buying or Selling a Home: landlord selling property, jessica bryan, financial incentive
jessica bryan, financial incentive, legal matter: Dear Bettyann; I often get questions that are about, or have something to do with the signed contract. It is difficult to advise about something I haven t read; that requires a legal review and is a legal matter. What I can tell you is if there is no wording...

Buying or Selling a Home: Making an offer on another house while having a purchase agreement on another, lease option agreement, lease purchase agreement
lease option agreement, lease purchase agreement, rejection letter: If you signed a lease/purchase agreement it should state that the contractg is contingent on financing/loan approval. If you cannot get financing then you should be able to get out of the contract. Again, I have not read it and don t know the language it...

Buying or Selling a Home: Maximize impact without spending much, home stager, faux marble
home stager, faux marble, paint colors: Hi, I am in Leesburg VA so not too far from Bethesda. The kitchen sounds very nice. It s nice to have silver knobs on your cabinet doors in case you don t already have them. If you have area rugs, I would try to use them as much as possible in the...

Buying or Selling a Home: No Mortgage Committment/Termination, intentional misrepresentation, fha loan
intentional misrepresentation, fha loan, mortgage commitment: Hi Jeanette, If your Contract of Sale is SUBJECT TO the Buyer obtaining financing; you do NOT grant her an extension; and she does not have loan approval in time to close by June 30 or any contract extension period stated in the Contract -- in the normal...

Buying or Selling a Home: mineral lease bonus, mineral rights, interest
mineral rights, interest, contract: Hello Larry - Clearly if the deed conveyed to you indicated the mineral rights were to convey to you, and prior to, during or after you entered into contract and subsequently closed, the seller entered into a contract that if it closed would have altered your...

Buying or Selling a Home: multiple offers and checks, fha loan, coldwell banker
fha loan, coldwell banker, reo property: Dear Colleen, I thought I had sent my response but aparently you did ot receive it. I would suggest that you immediately set up an appointment with your former agent s manager or office owner and explain the situation in which you have been placed due to...

Buying or Selling a Home: Names on Title of home, fha loan, joint tenants
fha loan, joint tenants, mortgage lender: No problem, Pat. As long as she is on title with you as, say, Joint Tenants, the house will be completely hers if something should happen to you. The loan will not affect her taking title to the house. Guaranteed. And if you have enough life insurance or...

Buying or Selling a Home: offers, sellers agents
sellers agents: Hello April, Thank you for your question. Offers are generally passed from one buy and that buyer s agent directly and confidentially to the seller s agent and seller. Normally the offered prices are not disclosed to other agents and buyers are expected...

Buying or Selling a Home: Property purchase, square foot requirements, roof pitch
square foot requirements, roof pitch, architectural review board: Now you know why you would be getting that property for such a steal, Sarah. Nobody wants that land, especially with all those requirements. No, these requirements are not normal. That person who developed that land was a very impractical man. He was also...

Buying or Selling a Home: Purchasing a home, purchase contract, sacramento area
purchase contract, sacramento area, future home: Dear Rozalyn; Thank you for your question... When dealing with a short sale the investor may request a certain title company to work with...It may take a day or so after the acceptance of your offer. If that is not the case, your Realtor will open escrow...

Buying or Selling a Home: Real Estate, life estate, life tenant
life estate, life tenant, sister 2: You solved your own question, Audrey. I Think that is a very good solution, as long as everybody agrees. But you should understand the responsibilities of being the remainderman and life estate tenant. The life estate tenant is required to maintain the house...

Buying or Selling a Home: Real Estate agents commission, jessica bryan, real estate agent
jessica bryan, real estate agent, real estate agents: Dear Pat; It is most common for the real estate agent to get paid from the proceeds of the sale before the Seller gets their money. There are costs that are taken out and one of those costs is the commission that is distributed to both the Seller s agent...

Buying or Selling a Home: Real Estate Ethics - Buyers, buyer, representation
buyer, representation, exclusive: Hello Jillian - The National Association of REALTORS Code of Ethics (available at relator.com) does not reference this issue. Article 1 however does indicate that the REALTOR must always protect and promote the interests of their client. But before we answer...

Buying or Selling a Home: Real Estate Etiquette, oriental trading company, paper shoes
oriental trading company, paper shoes, stocking feet: Hi Ken, Yes there have been times where the seller wants shoes off, does not supply booties, and I (and others) were not in stocking feet... so yes we have been barefoot... Again, as a seller... your call on this.. out our way not an issue to anyone......

Buying or Selling a Home: Rent to Own, rent to own maryland
rent to own maryland: Your first step would be to discuss your situation with a mortgage broker and see how long it will take to be able to qualify you to get another mortgage. Being self employed is a problem in this market as it is very difficult to get a stated income loan,...

Buying or Selling a Home: Rent to Own, national home buyer, time home buyers
national home buyer, time home buyers, first time home buyers: Hello Kee. I do not know about the articles in the Rip Off Report. There are legitimate rent to own contracts. Usually it is a home seller that can t sell their home at the current time for what they want. The rent to own is just a contract between you...

Buying or Selling a Home: Rent to Own a home from my parents, comparative market analysis, mortgage paper
comparative market analysis, mortgage paper, schedule of payments: Hi Angela, A Rent to own contract is possible, but not used very much in my area. I ll explain why. Most people wouldn t mind getting enough to pay what they owe monthly on the property, but most need the down payment to be large enough to buy their next...

Buying or Selling a Home: real estate closing and vacating property, dear diana, jessica bryan
dear diana, jessica bryan, time days: Dear Diana; Laws and practices differ from state to state, so you should carefully discuss moving procedure with your agent. Of course, you will need time to pack up but usually this can occur slowly over time. You can begin boxing unused items now and...

Buying or Selling a Home: real estate lawyer, undisclosed easement, real estate lawyer
undisclosed easement, real estate lawyer, jessica bryan: Dear Ash; If you have concerns, then by all means hire a different lawyer! Explain to your real estate agent that you feel uncomfortable using a family member and that you prefer choosing someone with more experience. The agent should abide by your decision....

Buying or Selling a Home: Is what my realtor did illegal?, legal recourse, repair cracks
legal recourse, repair cracks, hard rain: It doesn t sound good anytime there is replacement of verbiage after you have signed anything. But, you will also need to be able to prove that. If you really think that this was done with out your consent, go to an attorney for advise on your legal recourse....

Buying or Selling a Home: refund of earnest money if the house doesn't appraise, fha 203k loan, department of financial institutions
fha 203k loan, department of financial institutions, fha loan: Hi DON-- Whether or not an Earnest Money (EM) Deposit is REFUNDABLE or NON-REFUNDABLE depends on the verbiage of the Purchase & Sale Agreement/Contract between the Buyer and Seller of a property. Most of these CONTRACTS are written with a FINANCING CONTINGENCY--that...

Buying or Selling a Home: rescinding offer, house price, home inspection
house price, home inspection, recourse: First of all you need to really read the contract. Especially the part about your home inspection and what the timeline is to change your mind if you are not happy with the results. It sounds like you opted to take the house with whatever issues the inspector...

Buying or Selling a Home: Seller can back out of contract with amendment?, assignment, substitution of buyer
assignment, substitution of buyer, modifications: Hello Sapna - The issue is one of changes, modifications or alterations to the contract rather than assignment since you are remaining on the deed and HUD-1 Settlement Sheet. To answer this question more completely you will need to review your contract for...

Buying or Selling a Home: Selling for commercial price, strip plaza, commercial appraiser
strip plaza, commercial appraiser, commercial brokers: Dear Deb; I am frankly surprised that you have not already been contacted by a commercial broker regarding this property. If I were you I would have a commercial appraiser do an appraisal first and then begin to call some commercial brokers to let them know...

Buying or Selling a Home: Selling old home as commercial, strip plaza, real estate broker
strip plaza, real estate broker, desirable property: Dear Deb: It is my opinion that you are being penny wise and dollar foolish to not go through a real estate broker. You may end up costing yourself a lot of money simply because you have neither the knowledge of how to sell a commercial or residential offering...

Buying or Selling a Home: Selling old home for commercial, selling commercial, house in commercial zoned
selling commercial, house in commercial zoned, waiting for buyer: Have you ever heard the adage, He who wants it most, loses ? If you act like you re anxious to sell, especially in this down market where even commercial properties are sinking, then you will not get what you re hoping for your property. Be very patient....

Buying or Selling a Home: Sewer easement, easement area, concrete patio
easement area, concrete patio, storage building: Nisha, The areas in sewer easements are still usable by an owner, but you generally cannot build anything permanent in the easement area – even, say, a concrete patio. If you were to build a concrete patio, it could possibly have to be broken up to get...

Buying or Selling a Home: Shoe Etiquette, colorful pair, home thanks
colorful pair, home thanks, boker: Hi Sophia- Thanks for the question. This isn t exactly a boker s question but it is fun! Personally, I would not go barefoot in my client s house for a couple of reasons but primarily because it is not hygenic (for you or them). I would get a fun (and colorful)...

Buying or Selling a Home: Signing over half interest of property, sizable piece, divorce attorney
sizable piece, divorce attorney, rocky times: Very simply put, Chris . . .yes. But there is a caveat. He may deed his 50% (or whatever percentage he owns) to anyone he chooses. However, there are a couple things your divorce attorney may address with the judge. One, is that since your husband has already...

Buying or Selling a Home: Sold house, new owners sue over septic size, bankruptcy attorney, septic tank
bankruptcy attorney, septic tank, person family: Hi Pennie, I am so sorry for the delay in responding, but your question never came to my email and All Experts has just advised me that your question is still pending. If your parents have already been through litigation and lost based on fraud, there...

Buying or Selling a Home: Staging, granite countertops, formal dining room
granite countertops, formal dining room, tile flooring: It might be worth doing granite countertops in the bathrooms. Any kind of solid surface stone would be nice, including for the kitchen. Is your vinyl flooring up to date (ie looks like stone/tile)? I think that buyers want a home that they don t have to...

Buying or Selling a Home: Structrual Damage, carpenter ants, brokerage company
carpenter ants, brokerage company, fianc: Hi Beth, I am assuming that your fiancée received “some” kind of disclosure on his house, but just nothing on what you have described. The first thing your fiancée needs to try and do is establish when the plywood was applied behind the siding and over...

Buying or Selling a Home: selling to a family member, FSBO, escrow instructions
FSBO, escrow instructions, for sale by owner: Hello Carolin - Please accept my apology for the late reply. The least expensive way is to use an Escrow/Title Company and tell the escrow officer your terms and they will create escrow instructions which will act as a contract. Second, when financed, the...

Buying or Selling a Home: selling a home, selling a home, signatures
selling a home, signatures: Hey, Debbie. It depends on what state you re in because some states treat it differently. Generally, though, he can sign a listing agreement to obligate both of you, but both of you eventually will have to sign the various documents authorizing sale...

Buying or Selling a Home: selling house to son, old adage, mortgage trust
old adage, mortgage trust, delores: First of all, Delores, I think you are being foolish and are asking for trouble in the future if you do not put your agreement on paper. The old adage, In real estate, if it is not in writing, it was never said, applies very well here. All it takes is for...

Buying or Selling a Home: selling a mobile home, mobile home dealer, mobile home dealers
mobile home dealer, mobile home dealers, desirable area: Hi Shelby, I would suggest first that you obtain written estimates for correcting everything that needs to be repaired. Then I would reduce the price of the mobile home by the total repair amount and try to find a buyer. You might want to contact some...

Buying or Selling a Home: short sale tenat rights, short sales maryland, home buying maryland
short sales maryland, home buying maryland, renting maryland: Are you still under a lease? There are a lot of things that can happen in your situation. If the property is being sold as a short sale, the owner may still be paying the mortgage so it may not actually be in pre-foreclosure status. You don t necessarily...

Buying or Selling a Home: Tenant Rights, definite expiration, edith lank
definite expiration, edith lank, renting an apartment: Hi Jennifer, You stated that you are on a month to month agreement, and have been in this house for 9 years. You also stated a concern that the landlord is not giving you enough notice to show your apt. Also that the land lord fails to properly secure the...

Buying or Selling a Home: Tenants in a Short Sale trying to buy the unit, lease ends, keeping your money
lease ends, keeping your money, foreclosure: ARE YOU SURE IT IS A SHORT SALE AND NOT A FORECLOSURE? THEY ARE VERY DIFFERENT. IN ONE INSTANCE YOU RE DEALING WITH THE OWNER AND THE BANK HAS APPROVAL RIGHTS, IN THE OTHER IT S JUST THE BANK. WITH THE AUCTION DATE SO CLOSE, I WOULD ASSUME IT S A FORECLOSURE....

Buying or Selling a Home: Townhouse, investing, townhouse
investing, townhouse, condo: Hi Gary, A Condo and a Townhouse are similar in that they are both in a planned community, usually have HOA s, common area ie: pathways, parking structures, pools, tennis courts etc... on the scale of value, a Townhouse trumps a condo... usually due to...

Buying or Selling a Home: taxes on property sale within trust, tax implications, grantor
tax implications, grantor, poor health: Cliff, Your question is not possible to answer as the tax code is very complex. It depends on multiple factors, including income of the beneficiaries and trustees. You should consult a tax advisor. I know enough to know that I can t answer it. Mat...

Buying or Selling a Home: title insurance, land, title policy
land, title policy: Margaret - I apologize for the delay. Discussion of title policy is considered practicing law and therefore I am unable to answer your question as you posed it. Although, rather than rejecting your question outright there is significant importance and value...

Buying or Selling a Home: upside down on mortgage, local realtor, s real estate
local realtor, s real estate, bank mortgage: In today s real estate market, Shane, it is very doubtful you will be able to get even what you owe on your mortgage. You are now going to have to really ask yourself what you should be doing. If you can still afford your payments, then I recommend you continue...

Buying or Selling a Home: window coverings, wooden blinds, window coverings
wooden blinds, window coverings, purchase agreement: Hi Andra- Thanks for your question. I don t know what state you are in but the rule is whatever your contract says. If your listing agreement says they convey, then they convey. Same thing with a purchase agreement or contract. If the contract specifies they...

Buying or Selling a Home: acquiring clear title, ninth person, real estate broker
ninth person, real estate broker, aol: It is my opinion, Gary, you should not buy the eight parts until you have agreed to purchase the ninth. You should do it this way: You get an option to buy the property from each of the eight parties. An option should have a closing date of execution, and,...

Buying or Selling a Home: can I ask one more?, real estate contracts, earnest money
real estate contracts, earnest money, purchase contract: Why was there only 500 in escrow? It should have been 3%, and you would be keeping a portion of that for your costs and damages. Tell the other agent you re not only going to keep that 500 but you will be suing for more. That makes me very mad. They have all...

Buying or Selling a Home: Bats, bat removal, home inspector
bat removal, home inspector, transfer disclosure statement: Welcome to the responsibility of home ownership, Thad. I suppose you could press upon the previous owner, and/or your Realtor who helped you buy the house, to take care of the problem. But for $1,200 it most likely would be less expensive for you to just take...

Buying or Selling a Home: Bought a double wide did i get scammed?, jessica bryan, recipts
jessica bryan, recipts, estate question: Dear Samuel; While this is not a real estate question (real estate being property that is attached to the land) I wanted to give a quick answer that yes...you were scammed! Your neighbor needs to have some legal persuasion. Make sure that you have copies...

Buying or Selling a Home: Buying Half A Home, jessica bryan, co ownership
jessica bryan, co ownership, joint tenants: Dear Jason; Go to an attorney and have him/her draw up a legal document for the purchase of 1/2 interest in the home along with title as joint tenants or tenants in common depending upon what it is that is recommended to you by the attorney. Once this new...

Buying or Selling a Home: Buying a Home, local city, death records
local city, death records, city government: If someone has passed away in a home within the last 3 years the agent is required to disclose this information, otherwise you d have to do your own investigation to find out. This would involve accessing police and death records from your local city government....

Buying or Selling a Home: Buying Home with others, rental investment, best bet
rental investment, best bet, operating agreement: Your best bet, Michael, is to convene everybody into a local knowledge real estate attorney and put out on the table exactly what you want in a purchase agreement and under what conditions and events remedies are agreed to. My guess is the attorney may suggest...

Buying or Selling a Home: backing out of selling my house, buy subject to sale of existing house first, sell subject to successful purchase of new house
buy subject to sale of existing house first, sell subject to successful purchase of new house: If you had a Realtor helping you with either the purchase of the new house or the sale of your existing house, then that person is not the professional that should have guided you through this, Lori. First of all, you should not have offered to buy the...

Buying or Selling a Home: backyard bad smell and sewer undisclosed by seller, home insp, storage room
home insp, storage room, bad smell: Hi Julie, Sorry to hear about your problems with the back yard smell and sewer. My first question is, did you have a home inspection performed? I understand that you purchased “as-is,” but you still should have been entitled to an inspection. If you...

Buying or Selling a Home: bidding on a home, Listing expiration, compensation
Listing expiration, compensation, placing an offer after listing expires: Hello Karen - Sorry for the delay in my reply. The answer to your question is Probably but it depends . This depends not on you but the sellers contract with the agent who had the house listed when you first placed the offer, and or subsequent listing agents....

Buying or Selling a Home: Should i buy a house?, inflation, increasing taxes
inflation, increasing taxes, job losses: There are a lot of factors involved. You don t say where in California your are? 1. 100-150K in southern California won t buy much of a house. Or probably elsewhere in California either. So you might wind up with a house that would cost you a lot of money...

Buying or Selling a Home: Should we buy or keep renting?, buying, selling
buying, selling, downpayments: Hi Hillary, Congratulations on your wedding... that is exciting news!... On the buying of your first property... DO NOT RUSH... never make snap decisions unless the deal is toooooo good to pass up.. and only through educating yourself will you know that...

Buying or Selling a Home: buyer deposit, residential purchase agreement, negative cash flow
residential purchase agreement, negative cash flow, real estate transaction: While buyer s have unremoved contingencies their deposit is protected. Normally, we as agents keep track of the contingency dates and make sure they are removed. If buyers refuse to remove you can continue along if they can t remove for a good reason and...

Buying or Selling a Home: buying in brooklyn, mr weber, fluency in english
mr weber, fluency in english, nyt: Caro Heitor, Gracias para sua pergunta! Once you have used a Realtor to find a property to buy you will need to sign a contract. For this purpose you will need a lawyer to review them with. I am sure you can find a Portugues speaking one through the...

Buying or Selling a Home: buying home, tax ramifications, mortgage company
tax ramifications, mortgage company, circumstances: Hi Sonya- I have never heard of this. Why would they offer to settle your mortgage for so little and under what circumstances? I would need to understand the circumstances and more importantly any conditions in order to possibly tell what kind of liability...

Buying or Selling a Home: Changing mind twice, open escrow, reo property
open escrow, reo property, verbal agreements: Dear Erica; Thank you for your question Erica. It really depends on the contract. If this was a short sale acceptance, then yes seller or investor could bounce you out of primary position anytime up to the close of escrow. If you are purchasing an REO...

Buying or Selling a Home: Contract Termination, cancellation of contract, expired listing
cancellation of contract, expired listing, obligations to contract: Hi Rob, I am sorry to hear your home has not sold after 1 year actively marketed on the market. No, you do not have an obligation to your current broker/brokerage after the termination date.... The listing will expire ... unless you or your agent...

Buying or Selling a Home: commission on real estate, property owner, real estate agent
property owner, real estate agent, showings: There is no difference between cancelling the listing and cancelling the contract if it is known that the contract you re referring to is the listing, Arianna. If there is no reference to the property owner having the right to cancel the listing WRITTEN...

Buying or Selling a Home: My Deposit Check, agent banks, profitable deals
agent banks, profitable deals, state of michigan: Hello Ibrahim- Thanks for your question. A lot depends on your contract but in general, unless there was a definite deadline that the bank had to respond by and if you had a ratified contract, you could lose your deposit for changing your mind. However,...

Buying or Selling a Home: dispute over my late mother's house, probate lawyer, probate attorney
probate lawyer, probate attorney, executrix: I am sorry to report to you that you need to engage a REAL ESTATE attorney who will force the sale of the property in court. And it may take a while before the case is settled (you know how attorneys and courts are). Therefore it may screw up your buyer s...

Buying or Selling a Home: Earnest Money, earnest deposit, refund
earnest deposit, refund, earnest money: Hello Kevin - I apologize for the delay in my reply. Simply yes, if your offer was not accepted then the check should not have been deposited in escrow and should still be in the possession of your broker. It would be reasonable to refrain from giving your...

Buying or Selling a Home: elderly home, revocable living trust
revocable living trust: It is strongly suggested, Judy, that you take this matter to a local ESTATE attorney. The attorney would most likely make sure that the other 5 children do not want any interest in your mother s house. Plus the conveyance of the title to the house would be...

Buying or Selling a Home: home buying, appraisal contingency, cash buyer
Buying or Selling a Home: home buying, appraisal contingency, cash buyer, closing cost

Buying or Selling a Home: foreclosure, first time buyer, no doubt
first time buyer, no doubt, sylvie: Since it is a first home, which one of you gets to take the $8,000 tax credit on your tax return for being a first-time buyer, Sylvie? Don t be deceived. The house will be worth exactly what you paid for it -- $27,000, and that is what the county will...

Buying or Selling a Home: good faith money deposit, earnest money deposit maryland, buying home maryland
earnest money deposit maryland, buying home maryland, new construction home maryland: Hi Johnathan, I m not sure what kind of deal you got into. In the standard Maryland Realtor Board contract, there is always a financing contingency when a buyer needs to get a loan for a house. They will put down a good faith deposit of a couple thousand...

Buying or Selling a Home: Home inspection problems.., roofing company, gunk
roofing company, gunk, roofers: Hind sight is always 20/20, but you should never let the Realtor select your inspector. It is very important that you select your own home inspector and make sure he does a very detailed inspection, and works only for you. You need to contact a real estate...

Buying or Selling a Home: Home search website, desoto county mississippi, jessica bryan
desoto county mississippi, jessica bryan, mls members: Dear Brandi; There are a number of good websites for home searches. There is not an all-inclusive one since there might be some homes that are for sale by owner, along with independent non-mls members who have listings; but the closest thing to all-inclusive...

Buying or Selling a Home: Home title, revocable living trust, original mortgage
revocable living trust, original mortgage, tax consequences: First, I want to express my condolences, Judy. I have been married 55 years, so I know your loss can be difficult. By now, I hope things are starting to fall into place for you. Depending on how you held the title with your husband, Judy, it may not be...

Buying or Selling a Home: Getting A House Without Buying It Right Now..., public notary, notary public
public notary, notary public, flag number: Hi Hector- Thanks for your question. This is loaded! I would like to compliment you on being a model tenant but I am getting a lot of red flags here. First- have you had the house appraised? He may be offering to do this for you because the house is worth...

Buying or Selling a Home: Getting A House Without Buying It Right Now..., public notary, landlord
public notary, landlord, orlando florida: Hector, you definitely need to have a REAL ESTATE attorney handle this for you if you want to make sure your interests are protected. Keep on looking and asking where you can find a good RE attorney. You can ask a Realtor manager in a real estate office and...

Buying or Selling a Home: hello, las vegas, nevada
las vegas, nevada, real estate: Hello Kenneth! We are telling everyone we are having a half price sale in Las Vegas! :) Yes, prices have come down about 50% all over the Valley. (Or up to 60% on the higher end properties.) But it looks like perhaps we have found the bottom. Things...

Buying or Selling a Home: home buying, appraisal contingency, fha appraisal
appraisal contingency, fha appraisal, sign states: Hi Lindi, FHA Appraisal Contingency documents basically state that the subject property being purchased must appraise for at least the sales price as reflected on a Contract of Sale. If the property appraises for MORE THAN the sales price, that is simply...

Buying or Selling a Home: home disclosure form, seller disclosure statement, friable asbestos
seller disclosure statement, friable asbestos, legal recourse: Dear Lucas; The homeowner may have known that there was asbestos siding but it would be difficult to prove. If the Sellers deliberately withheld information on the seller disclosure statement and you could prove it then you would have grounds for legal recourse....

Buying or Selling a Home: home purchase agreement, cooling off periods, legal recourse
cooling off periods, legal recourse, jessica bryan: Once you signed the purchase agreement it became a contract and aside from some of the contingencies in the contract it is a legal and enforceable agreement. I suggest that you contact an attorney to discuss your options. The buyers have legal recourse when...

Buying or Selling a Home: Keeping existing tenants, rental associations, investment situation
rental associations, investment situation, rental investment: Dear Mel: A question that can be answered by asking the tenants to show you a copy of their lease. The lease probably had commissions paid to the company/agent who listed the property who then paid the company/agent who found the tenants. The lease may...

Buying or Selling a Home: LIEN, debt to income ratios, lienholder
debt to income ratios, lienholder, luck jim: Hey TREMAYNE-- When a Mortgage Loan is used to purchase a Home, the Mortgage MUST be in the first position. that is the first lien against the Property and/or the Borrower. Closing with ANY liens against the Borrower would put the Mortgage in a second,...

Buying or Selling a Home: Living on a golf course, wrought iron fences, motion sensors
wrought iron fences, motion sensors, guard dogs: Dear Liz; I would advise that you check with the local Sheriff or police department and talk to them about crime in your area. They can provide you with statistics and incident reports. If you are concerned about this, there are other measures that can...

Buying or Selling a Home: Mobile Home Registration, registration question, century mortgage
registration question, century mortgage, owner occupancy: Hi E Well, the escrow agent should have known that this would be an issue...after all, they do the titling! The title and reg. are both HCD docs., and you can t change either. As I said, I would let it go for several reasons; 1. Parks book keeping...

Buying or Selling a Home: Mold, due diligence, remediation
due diligence, remediation, selling a home: Dear Bart, Usually the best answer is that if you have to ask if you should disclose then you should disclose. If the mold has been remediated the buyer will have the opportunity to do whatever due diligence they want and it comes up later and become a...

Buying or Selling a Home: Offeror/inspection, minute consultation, legal contract
minute consultation, legal contract, purchase contract: Hey, Tammy. Without knowing what state you re in, without reading the contract you signed with your Realtor, and without reading the purchase contract, it s extremely difficult to answer that. There are just too many variables. The best thing you can...

Buying or Selling a Home: Private sale of House, property signs, trustor
property signs, trustor, trust deed: In what state is the house located, Annie? It does make a difference. In some states when the seller of a property finances the sale, it is a note and deed of trust. In some states it is a mortgage. Each state has different remedies to correct defaults by...

Buying or Selling a Home: plumbing problems after closing, pin hole leaks, legal recourse
pin hole leaks, legal recourse, plumbing problems: Sorry Brian; The reason you get a home inspected is to get expert advice on the condition of the home. Certainly the inspector has no way of knowing what may break, leak or malfunction but can give an educated guess by looking at the age or condition of...

Buying or Selling a Home: Q, stable income, property buyer
stable income, property buyer, time property: Dear Sam; First, let me say that there are restrictions to the first time buyer program and you must complete the purchase before December (which gives you little time). I suggest strongly that you speak with a local agent familiar with the area in which...

Buying or Selling a Home: Questions about short selling of our house, private mortgage insurers, mortgage insurance program
private mortgage insurers, mortgage insurance program, existing mortgage: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX NEW INFO--The DOD is starting a program called HAP, (that stands for Homeowner s Assistance Program) and will help both DOD Civilians and Military folks who MUST move. Go on-line, search...

Buying or Selling a Home: Quit Claim Deed, jessica bryan, claim deed
jessica bryan, claim deed, financial obligations: Hello John; A quit claim deed will apply to rights of ownership but does not free your wife of any or all financial obligations. In order to do so you must go through an attorney and purchase her share of the home which would include paying off the existing...

Buying or Selling a Home: Quit deed, seperate parcels, warranty deed
seperate parcels, warranty deed, claim deed: A little back ground to make sure we are both on the same page. A lot is legally subdivided when a survey has been completed delineating the 2 separate parcels and that has been recorded with the county. If that has been complete all you need to do is...

Buying or Selling a Home: questionable realtor, iron wood, wood stove
iron wood, wood stove, buyers agent: Hi Eric, If your Contract of Sale included language that specific items of personal property and/or fixtures were to remain with the house and they were removed, you have recourse against the Seller – and your buyer-agent as well if he/she purchased the...

Buying or Selling a Home: Real Estate Agent Protocol, buying, selling
buying, selling, investing: Congratulation on finding a property you wish to consider to purchase... I will assume you know your agent was going out of town, and that no arrangements were made to work with one of her associates in her absence? You also do not mention when she will...

Buying or Selling a Home: Realtor doesn't want us to lower price of our home, neighborhood market, government assistance
neighborhood market, government assistance, government program: Hi SARA-- First let me address the government program you refer to. I assume that it s the Homeowner s Assistance Program (HAP) that s the program sponsored by the Department of Defense (DOD) and administered by the US Army Corps of Engineers. The program...

Buying or Selling a Home: Residential 1 Commercial 2 Zoned, interested buyer, commercial basis
interested buyer, commercial basis, square footage: Hey, Melany. Your problem is quite common, and there are two things you can do: (1) Have it appraised. A good appraiser will know how to make adjustments for lack of comps and other differences such as renovation, square footage, and income apartment....

Buying or Selling a Home: refinance/mortgage 2nd REQUEST, liquid assets, settlement fees
liquid assets, settlement fees, value of my home: I answered tbhis question the FIRST time you sent it--but I wrote the answer three times and our newly revised AllExperts system kept deleting my replies whenever I spell checked them. After several HOURS of writing, rewriting and frustration, I sent you...

Buying or Selling a Home: should i remove aspestos before i buy a house, gee whiz, tin foil
gee whiz, tin foil, purchase agreement: No, Gianna. It is not something you should do because you are not the owner . . . yet. Definitely make it a condition of your purchase of the property. You should insert a contingency into your purchase agreement (gee whiz, your Realtor should know this)....

Buying or Selling a Home: Sell only part of my property, zero down payment, mortgage balance
zero down payment, mortgage balance, sixteen acres: Hi Julia, In order to sell a portion of the acreage you now have packaged in a mortgage with your custom home, you will need a Release from your mortgage company. Depending on what your current mortgage balance is, and the value of your home and eight...

Buying or Selling a Home: Seller is backing out on us - 2 weeks til close, delaware county pennsylvania, default clause
delaware county pennsylvania, default clause, binding document: Hi Tom, Sorry to hear your Seller is trying to renege on your Contract of Sale. A properly-executed Contract of Sale to purchase real property is a legally-binding document. Neither party can simply “walk away” without legal cause or the consent of the...

Buying or Selling a Home: Selling a home, closing costs, selling a home
closing costs, selling a home, escrow: It s not typical for the seller to pay the buyer s closing costs. Typically each pays their own. You can ask them to credit you a certain amount toward your closing costs but it s not typical unless they are desperate. Escrow can give you an estimate but I...

Buying or Selling a Home: Short Sale, time constraints, mortgge
time constraints, mortgge, fannie mae: HI JAN-- I ll answer your last question first. I d walk away from purchasing a Short Sale BEFORE I got involved in one. No, I wouldn t walk away..I d run! Short sales need not only the Homeowner/Seller s approval, but the lenders and FHA.VA, Fannie...

Buying or Selling a Home: Short Sale, buying, selling
buying, selling, multiple offers: Hi Catherine, You are correct to think that the short sale home is not an actual accepted offer... not a loophole, since the offer is not official as of yet... be sure a short sale addendum goes out that states in the effect... no deposit or escrow or inspection...

Buying or Selling a Home: Short selling questions, dear jennifer, real estate sale
dear jennifer, real estate sale, northern florida: Dear Jennifer; The best resource to discuss your short sale is with the bank with whom you have the loan. They will have to approve this. It is not an easy process and much depends upon your financial situation. Certainly if you are facing the possibility...

Buying or Selling a Home: Short selling questions, twenty four months, credit time
twenty four months, credit time, northern florida: Hi Jennifer, I’m very sorry to hear that your home has decreased in value and that you will need to sell by next summer when your husband is due to be transferred. You are not alone, as the numbers of people in similar situations are frightening due to...

Buying or Selling a Home: Short selling questions, northern florida, foreclosure
northern florida, foreclosure, realtor: First of all, Jennifer, it is not likely you would be able to do a short sale without a Realtor. But it should be a Realtor who has a good record of doing many short ssles. Be careful, because some Realtors do not do or don t want to do short sales because...

Buying or Selling a Home: Short sold house, professional advice, ramifications
professional advice, ramifications, accountant: Dear Alisa: Are you in-laws willing to put your names on the title? This could be an issue with them, so I hope that they have asked advice of their lawyer and/or accountant. If the purchase is totally one hundred percent cash, then there is no lender involved...

Buying or Selling a Home: Can I sell a half of my house?, third mortgage, economical crisis
third mortgage, economical crisis, account questions: Yes you can if you are the only recorded owner of the property, Maryla. But it is not going to be as simple as writing that sentence. The tax value may not be an indication of the value of your property. You really need to get a more succinct value of it because...

Buying or Selling a Home: to sell or not to sell, jessica bryan, real estate broker
jessica bryan, real estate broker, humble texas: Hello Christy; Was that a typo or do you really only owe $8400 on the house. If so, I don t know why you are paying so much per month. I think that you could try to refinance to lower your monthly payments. If that is out of the question then selling may...

Buying or Selling a Home: seller responsibilities on canceled contract, small claims court, settlement date
small claims court, settlement date, person sign: Dear Danielle: I am so sorry to learn about this problem. However, as I do not have copies of the actual documents, I can only respond with that in mind. Also, short sales are historically very problematic and many buyers thus do not wish to deal with...

Buying or Selling a Home: selling, buying, selling
buying, selling, contingancy: Hi Pan... congratulations on wanting to own real estate, I feel for the long run, real estate is a wonderful tool to build wealth, but as you can also see... the market will make corrections as we are in semi free fall depending on where you live, but no matter...

Buying or Selling a Home: selling and buying a home, investment, capital gains
investment, capital gains: Hello Am - First, the disclaimer! This question should be asked also of a financial planner, tax CPA, and possibly a real estate attorney so that you can receive proper advice from all sectors being effected by this proposal. I am not an attorney, CPA or financial...

Buying or Selling a Home: selling a home that is in foreclosure, knowledgeable realtor, foreclosure action
knowledgeable realtor, foreclosure action, unemployment issues: It seems that I can help you so that you do not lose the house, but I now need to get more information: 1. Describe the house to me (how many bedrooms, baths, location, etc.). 2. What is the address? 3. Who lives in it? 4. After the $3,600 is paid off,...

Buying or Selling a Home: selling property, jessica bryan, family trust
jessica bryan, family trust, jac: Dear Jac; Even though I would think that the answer would be the same as entering into a contract with individuals, I can t be sure in all states and areas. I recently represented a client who purchased a home through the family trust and the contract was...

Buying or Selling a Home: selling a small professional office building, jessica bryan, trust laws
jessica bryan, trust laws, professional office: Dear Peni; Due to anti-trust laws we are not permitted to discuss what a normal commission would be...in fact,there is no set fee. Every fee is negotiable. If there is one agent charging a certain percentage, another might be charging a set fee and a third...

Buying or Selling a Home: can i be sued after selling a property for an inspectors negligence, buying, selling
buying, selling, investing: Hi Penny... well here is the thing... anyone, can sue anyone, at any time, for darn near anything.... So ask yourself... is $814.00 + the cost of a home warranty $400.00 a better price to pay? ... I would say yes! ... The home inspector is not a god,...

Buying or Selling a Home: Taking over morgage, escalation clauses, mortgage balance
escalation clauses, mortgage balance, contract terms: Hi Jose, If you want to legally take title if you take over the payments, you would have to contact your friend’s mortgage company and ask if the mortgage is assumable. Most mortgages are not assumable now. There might be another option available for...

Buying or Selling a Home: Tenants in Common if only one on mortgage?, title deed, girl friends
title deed, girl friends, title company office: Very simple, Tim. Just add her name to the title in any manner you choose. The lender has no right to dictate to you who can be on title AFTER you obtained the loan. Go into your nearest title company office or real estate attorney office to make sure it is...

Buying or Selling a Home: tax sale, delinquent tax sales, delinquent tax sale
delinquent tax sales, delinquent tax sale, delinquent taxes: Bob, I assume your question relates to purchasing properties at a delinquent tax sale. When properties are sold for delinquent taxes owed, it is my understanding that the successful bidder is usually the one who charges the least amount of interest on...

Buying or Selling a Home: title deed, curiosity sake, title deed
curiosity sake, title deed, county recorder: Ask any title company, Clar. But why do you need it? The title to your house is always in the public domain at the county recorder. The only time you actually need it is for curiosity sake, when you are financing your house or selling it to prove you are the...

Buying or Selling a Home: water bills on property, water bills, water bill
water bills, water bill, water company: Very simple, Gail. This is what I would do: Talk with the water company. They no doubt would arrange with you to have you pay the bill upon you selling your house. In the meantime, have a plumber fix that leak so your bill doesn t keep climbing. It seems to...

Buying or Selling a Home: $8000 tax credit, Tax Credit, First-time homebuyers
Tax Credit, First-time homebuyers, down payment assistance: *************************************************** Hector (UPDATE) - This is a revised answer to your question! The President did Thursday sign a bill that included the extension of the Tax Credit! There are some new details surrounding the qualification...

Buying or Selling a Home: Agent/Seller Oblilgations, multiple listing service, aol
multiple listing service, aol, amount of time: It depends, Mike. Assuming the listing agreements in Canada are similar to those here in the US, a listing agreement usually specifies that if you sell the property to someone who was introduced to the property by any agent who had shown the property and participates...

Buying or Selling a Home: Appraisal, knowledgeable person, mortgage broker
knowledgeable person, mortgage broker, broker license: It s one of the negatives of home-buying, Elizabeth. They ordinarily do not refund those kind of fees during a purchase process. However, if it will give you any satisfaction, you need not share the result of those inspections with the seller unless he is...

Buying or Selling a Home: Arizona nightmare, Property Taxes, delinquent
Property Taxes, delinquent, back taxes: Hello Renee - Begin by understanding exactly what period the tax lien is for and the exact amount they say is owed. You may find the issue is with the Pima County Assessor and not title. Then again, if it is an escrow issue almost always the local escrow officer...

Buying or Selling a Home: Buy a property w/lein on it..., buying homes in maryland
buying homes in maryland: You would have to ask as far as what the lienholder would take. It s anyone s guess as to what a seller will accept for a property. Has this property been vacant all this time? You want to make sure not to overpay just because there is more owed on it by...

Buying or Selling a Home: Buying Cash Deal in Florida from FSBO, local real estate, closing cost
local real estate, closing cost, fsbo: I would be glad to help you and walk you through your transaction, Tim, but be aware real estate attorneys handle most of the transactions in Florida, so you may as well find yourself a good local real estate attorney and have him or her guide you through...

Buying or Selling a Home: Buying Out Inherited House, real estate lawyer, sure what kind
real estate lawyer, sure what kind, saving money: Sure, you could do it all yourself, Tina, but would you really want to? You do not know for sure what kind of liens, if any, were on the property while your parents (or the persons from whom you are inheriting the property). To make sure this is done correctly,...

Buying or Selling a Home: Buying, then selling..., buying, selling
buying, selling, investing: Hi Vilma, Congratulations on getting the property paid off... no small endeavor these days... Your question about selling the property is a little more complex... 1. your bought the home as your sole and separate property..but have you and your husband...

Buying or Selling a Home: breech of contract, breech of contract, sisters real estate
breech of contract, sisters real estate, legal recourse: Dear Sandy; If the contract is set up in such a way that the closing date is a hard and fast date, then the only thing that your sister can do is to contact her attorney and threaten legal recourse. When the buyer does close there should be fees and penalties...

Buying or Selling a Home: buyer trying to back out of offer to purchase, hot water heater, first time buyers
hot water heater, first time buyers, time home buyer: Technically, Greg, the buyer could back out if the inspector found anything wrong. You have to realize that buyers are a jittery lot. They always look for an excuse for backing out of deals. Us Realtors are constantly fighting this problem with first-time...

Buying or Selling a Home: buying a home, buying selling, investing
buying selling, investing, financial: Hi Esther, Congratulations on considering the purchase of residential property! Now is an opportune time for many to purchase a home. There are tax incentives to be considered if you are able to close in time (the $8,000 tax credit), but in the end you...

Buying or Selling a Home: buying a house, unfulfilled loan contingency
unfulfilled loan contingency: Hi Rich - Fabrication of a false value falls under Truth in Lending laws. As a seller or a buyer the strength of your representation will determine your interpretation of the sale acquisition fairness. Properly represented you should feel the system is working...

Buying or Selling a Home: buying/selling land in VA, fredericksburg va, parcels of land
fredericksburg va, parcels of land, niece: Hi Holly- Sorry to be so long in responding, I have been in the hospital for over a week. I live near Fredericksburg (Orange) so this one is relatively easy- it just depends on the county regs and how many times it has previously been subdivided. Check with...

Buying or Selling a Home: So. Calif. appraisal, comp analysis, value of my property
comp analysis, value of my property, income approach: The California Department of Real Estate regulates appraisers. I would start by calling them and getting advice. Because this is a value opinion it s very vague and recourse is very difficult. I think it needs to be pointed out to the lender that there...

Buying or Selling a Home: concealment, first rain, roofing contractor
first rain, roofing contractor, unrelated problems: Hey, Scott. It s possible, especially in Texas since the TREC licenses home inspectors there. Remember that the home inspector is on your side, so call him first and have him come out and document the condition and, possibly, explain how it could happen...

Buying or Selling a Home: how to get deed from Veterans Affairs?, title insurance company, warranty deed
title insurance company, warranty deed, address county: You really don t need the deed from the VA, Eric. If you are not willing to hire a real estate attorney to keep your mind at ease, all you have to do is to go down to the county hall of records or courthouse (or whatever they call it in your county) and tell...

Buying or Selling a Home: delemma, Exclusive Buyer Representation, Procurring Cause
Exclusive Buyer Representation, Procurring Cause, Estrangement: Hello Bud - Please accept my apology for the delay in my reply. Contract law indicates that if they signed the contract they will be held to the contract, unless they were under duress at the time they signed it. Duress is defined by Black s Law Dictionary...

Buying or Selling a Home: Encroachment, adverse possession claim, underground pipes
adverse possession claim, underground pipes, legal principle: Hi Anita, You should consult with an attorney for legal advice on this matter, but I will give you a general answer. For whatever it might be worth, ask your attorney about the legal principle of adverse possession, wherein if someone uses another’s...

Buying or Selling a Home: ESCROW REFUND, small claims court, fha loan
small claims court, fha loan, time home buyer: Yes, Laz, you can take the agent and/or his boss, the manager of his office, to small claims court. I would go and talk to the manager of the agent s office and tell him/her you intend to take this matter to small claims court. Be sure to give them a letter...

Buying or Selling a Home: FHA loan, fha case, fha mortgage
fha case, fha mortgage, fha loan: Your email address was not printed, Ryan. I recommend you send it to me at my email address: dixiedee13@aol.com, just in case allexperts.com is deleting it for whatever reason. If you do not see my email address in this note, then I know for sure. Dic...

Buying or Selling a Home: FHA (Termite/Moisture Inspection NOT required), home inspection contingency, fha appraiser
home inspection contingency, fha appraiser, mold inspections: Depending on the wording of your contract, it can cover wood-destroying infestations . Again, depending on your contract, you probably can walk without penalty if the sellers don t agree to work with you on this and your agent should point out to their agent...

Buying or Selling a Home: First-Home Worries, special warranty deed, claim deed
special warranty deed, claim deed, company b: This doesn t seem kosher to me, Vanessa. In Florida, they use attorneys to close transactions. Why don t you go to and ask these questions of THAT attorney? If there was no attorney, then I strongly recommend you consult with a REAL ESTATE attorney to iron...

Buying or Selling a Home: First-Home Worries, special warranty deed, due diligence
special warranty deed, due diligence, claim deed: Hey, Vanessa. Part of buying a house, especially one advertised for sale as is, is doing your due diligence in covering all bases that pertain to the house. One of those bases is a permit history search. Apparently, no one advised you to do permit history...

Buying or Selling a Home: First-Home Worries, legal counsel, real estate
legal counsel, real estate, deed: Hello Vanessa - Sorry for the delay in my reply. My recommendation is to immediately contact a real estate attorney. (1) There is a requirement for Seller Disclosure of known, or should have known, conditions and issues with a residence. Disclosure is still...

Buying or Selling a Home: First-Home Worries, special warranty deed, claim deed
special warranty deed, claim deed, company b: Dear Vanessa; Florida laws are sometimes quite different than other states. Consequently the things that I know for my area may not apply to you. I suggest that you call the closing attorney you used and discuss with him/her. I do know that in foreclosures,...

Buying or Selling a Home: First time home buyer, kitchens and baths, hvac systems
kitchens and baths, hvac systems, time home buyer: Hi Heidi, Older homes maintained and kept in good condition have good resale values. I don’t know the statistics, but I would guess that the vast majority of homes in the US could be classified as “older” – at least those built in the 1987 and post-era...

Buying or Selling a Home: Fraud,lack of forthrightness when purchasing a home, seller disclosure, disclosure forms
seller disclosure, disclosure forms, forthrightness: Hello Margaret, Thank you for your question. In New York where I am it is law for the well water to be tested by a licensed company and the house cannot be sold unless the results are acceptable. Who did the test for you? Do you have the report for...

Buying or Selling a Home: Fraudulent Sell of town house, upfront monies, contingency basis
upfront monies, contingency basis, water hose: This is a problem best solved by a good local real estate attorney, Robert. As long as you have the written evidence of the fraud, you should have no problem and perhaps the attorney will be willing to take the case of a contingency basis. There is nothing...

Buying or Selling a Home: Sellng rental propety, landlord tenant laws, landlord rights
Buying or Selling a Home: Sellng rental propety, landlord tenant laws, landlord rights, eviction proceedings

Buying or Selling a Home: (FOLLOW UP QUESTION). false disclosure on disclosure statement, raw sewage, disclosure statement
raw sewage, disclosure statement, sewer bill: I agree with you, Jim, but please remember I am no attorney, but then, the seller s attorney is not a real estate attorney. Yes, I can tell. She specializes in sending out letters to scare off possible suits. There is one thing you probably should do: go ahead...

Buying or Selling a Home: first home purchase, west haven ct, termite treatment
west haven ct, termite treatment, termite damage: Hi Manjula, As you have learned, a termite “treatment” does not necessarily mean that all termite damage was corrected. Since this house was treated in July 2009, if I were you, I would assume that the house is now under a RENEWABLE, TRANSFERRABLE termite...

Buying or Selling a Home: Gift of Equity to a non-relative, equity, buying
equity, buying, selling: Hi Melissa, In answer to your basic question Can your fiance s mother give you a gift, of equity(?) prior to your marriage? Any one an give another person a gift of monitory value...ie: money, real property, personal property, title, stocks, bonds,...

Buying or Selling a Home: Hedging bets, contingency period, hi john
contingency period, hi john, great solution: Dear Melinda; Yes, your Realtor is possibly correct. Your deposit should be secure until you release your contingencies, including your loan contingency if there is one in your contract. Depending on the the way the contract is written, you can very...

Buying or Selling a Home: HOA Failure to disclose, HOA, CC&R
HOA, CC&R, failure to disclose: Hello Scott - The property will need to comply with the Architectural or CC&R s no matter who owns the home. Of course, I would imagine your desire is to hold the appropriate party accountable for the costs associated with bringing the property into compliance....

Buying or Selling a Home: HOA Restrictions, ornamental aluminum fence, estate fencing
ornamental aluminum fence, estate fencing, wooden fencing: Yes, I do recommend you attend the HOA meetings, Dayna, especially if they permit members to stand up to voice opinions or complaints. I don t think you truly know for a fact that the other fences were put up illegally or without the permission of the board....

Buying or Selling a Home: Home Contract, jessica bryan, home contract
jessica bryan, home contract, month and a half: Hi Matt; I cannot give legal advice, but I doubt that you have a case against the bank unless they deliberately are delaying; which is something that would be difficult to prove. If the contract gets canceled or if you are damaged by the delays, then there...

Buying or Selling a Home: Home ownership transfer, mortgage payments, claim deed
mortgage payments, claim deed, home ownership: Hello, Your aunt can Quit Claim Deed you the home for around $100. If you do that though, you would have ownership and she would still be on the hook for the ~200k mortgage. 95% of lenders these days won t let you assume mortgages, so you wouldn t be...

Buying or Selling a Home: Home unlivable, crap hole, due diligence
crap hole, due diligence, loan contract: Stephanie, You really need to contact an attorney to see what rights you may have. If the inspector was missed the fact that the plumbing was in really poor condition your only option might be to sue. It is the buyer s responsibility to do their due diligence...

Buying or Selling a Home: home investment, appraisal value, home investment
appraisal value, home investment, buying a house: Most homes sell quickly that are good buys. The best thing you can do is hook up with a good REALTOR in your area and they can send you the good buys as they come on the market because they will only last a few days. I can recommend one if I knew where you...

Buying or Selling a Home: homeowner disclosure responsibilities, short sales maryland
short sales maryland: Your son and his wife are in a very unfortunate situation that is all too typical nowadays. Normally tenants move out as soon as they find out the house is in a short sale situation because they are worried about being homeless. I am surprised that they...

Buying or Selling a Home: INCOME TAX on sale of gifted home, 1031, exchanges
1031, exchanges, buying: Hi Jason... Your question is spot on but your how it happened is a little fuzzy... Now I am not a tax expert nor can I give advise for taxes... but basically... Your mom owned a home for 70 years, she Signed it over to you ? Quiet Claimed? and one...

Buying or Selling a Home: investment home, investing, buying
investing, buying, selling: Hi Ester... You have plenty of time to gather funds and purchase... we have not foreclosed on the 5 year adjustable hybrids, and then we have the 7 year to get through... additionally as long as the government keep putting the industry in moratorium status......

Buying or Selling a Home: Joint tenancy, Statue of Frauds, specific performance
Statue of Frauds, specific performance: Hello Kay - Of course every transaction is different therefore it would be impossible to state that I have experienced this before. On the other hand, I have been in the situation where only one of the sellers signed the listing agreement, and when the offer...

Buying or Selling a Home: Lack of funding, maryland home financing, maryland home buying
maryland home financing, maryland home buying: You made an offer on a foreclosed property. In the bank addendums, there is normally an are that says if you settle past the expected closing that you ll pay a certain amount of money for each day past that day. The last one we did was a $75/day penalty,...

Buying or Selling a Home: Lien on property after 1099c issued, property management company, income tax return
property management company, income tax return, cancellation of debt: Hi Nancy, Your question is more of a legal and/or tax question. I am not up-to-date on this topic, and I am not qualified to give you legal or tax advice…sorry. It does, however, sound like you have done “all the right things.” I think the question...

Buying or Selling a Home: Life estate, life estate, proceeds
life estate, proceeds, girls: Wow! In Texas those life estates are just that.....life. I would get an attorney to answer that question, it would probably take a court action to force the sale. Bless your heart, maybe assure her you will always be there, I know I would hate to lose my...

Buying or Selling a Home: AS IS, NAR, Code of Ethics
NAR, Code of Ethics, Article 12: Hello Katie - The Virginia Association of REALTORS is a great place to start. The issue for the REALTOR is the National Association of REALTORS Code of Ethics. Article 12 indicates that a REALTOR is to be truthful in all advertising as to prevent an unclear...

Buying or Selling a Home: lien, county property taxes, escrow payments
county property taxes, escrow payments, mortgage bills: First of all, Renee, you do not want to lose your home to a tax lien. So, you must pay it yourself and be sure to keep all receipts of all charges and costs. Then you are going to sue the Title Company in Small Claims Court as long as the tax amount is less...

Buying or Selling a Home: Not listed as, fha appraisal, fha loan
fha appraisal, fha loan, moisture damage: In my opinion, Kathy, the listing agent did not violate any laws. He/she may have been a bit derelict perhaps because of failure to ask the seller if the house is to be sold as-is, but a good agent would never have left the answer to that question dangling....

Buying or Selling a Home: Moisture from sloping concrete patio, decay wood, john mckenna
decay wood, john mckenna, wood destroying insects: I would advise that you have a qualified Professional do an invasive inspection in all areas that are affected by moisture or could be close to those areas (moisture can flow and spread out). Moisture can be conducive to fungi-mold, decay, wood destroying...

Buying or Selling a Home: mortgage purchase, good faith estimate, loan origination fees
good faith estimate, loan origination fees, apples to apples: Judy, Your follow-up question should properly be addressed to a lender, as I do not try to stay up-to-date with their credit scoring and requirements. Sorry I’m not much help with this, but any good lender can answer this for you. Regards, Elizabeth...

Buying or Selling a Home: need to know, riding lawn mower, spider infestation
riding lawn mower, spider infestation, full disclosure: 1. The value of a home is the amount of money someone actually pays for it. The value that a Realtor places on it is only a price opinion. Value is the selling price. 2. I would assume that someone signed a property Disclosure depending on your State Law,...

Buying or Selling a Home: neighbors, true motivation, good neighbors
true motivation, good neighbors, bad neighbors: Hi Paul- Sorry to be so long in responding, I have been in the hospital for over a week. My answer is to go introduce yourselves to your potential neighbors as just that and you may be amazed at what may come come out (good or bad) with very little prompting...

Buying or Selling a Home: Offer, Buying from a FSBO, open escrow, real estate transactions
open escrow, real estate transactions, realtor real estate: Hey, Tim. The mere fact that you are asking these questions means that you need a Realtor. Real estate transactions are very involved, and if you don t do things right during the transaction, you can be left with lots of headaches and expenses after the...

Buying or Selling a Home: Phony listing, uniform residential landlord, landlord and tenant act
uniform residential landlord, landlord and tenant act, national association of realtors: Dear Jeffrey, Thank you for your question. It is possible that the Realtor and homeowner might be in violate of the Uniform Residential Landlord and Tenant Act of 1972. Google it. You may choose to drop the dime on them and call the National Association of...

Buying or Selling a Home: Purchasing a home, builder developer, comparable sales
builder developer, comparable sales, market values: Hi Barry, I apologize for the delay in answering. My daughter had surgery earlier today due to an accident, and most of my time for the previous couple days has been spent with her. Your best protection to ensure you are not overpaying for a home is...

Buying or Selling a Home: property tax liens, property tax liens, luck mike
property tax liens, luck mike, private transactions: Hi Beverly...2 things, if you have copies of the transfer papers and cancelled check, you can try to contact HCD in California. If not, your only hope is to go to the Calif. state website, click on Housing and Community link...find the Ombudsman info, call...

Buying or Selling a Home: Q, stable income, property buyer
stable income, property buyer, time property: You do not say how old you are, Sam. You do not say in what part of the US you would like to buy a house or income property. The answer to both of those questions is important if you have ideas of having tenants above or below you and expect to prepare for...

Buying or Selling a Home: Q, First Time Home Buyer, Tax Credit
First Time Home Buyer, Tax Credit, Incentives: Hello - Many of the points you made in your explanation should be discussed with your tax advisor, a financial planner or possibly even an attorney. Short of investigating these different areas of specialty would render any opinion useless on its own merit....

Buying or Selling a Home: Quick Question, loan modification, care giver
loan modification, care giver, last question: Skyler, The first thing I would do is contact the lender and explain the situation and see what they will do to help. If the lender will work with you it is certainly better to pay the money and keep the house. Did you get the letter from the lender or...

Buying or Selling a Home: Quick Question, redemption period, publication period
redemption period, publication period, taking possession: To answer your question more intelligently, Skyler, I would have to know how much is your scheduled payment and the unpaid balance along with the value of the property, based on the comparables in the area. In Nevada, you have approximately six months from...

Buying or Selling a Home: Just quick question, desert town, tax basis
desert town, tax basis, property owner: Hey, Shawn. There are too many variables for me to answer such a broad question. It will be dependent on many factors, such as your tax status, the property owner s tax status, and the tax basis of the property, just to name three. Additionally, since you...

Buying or Selling a Home: Real Estate Nightmare!, errors and omissions insurance, new carpet
errors and omissions insurance, new carpet, new hardwood: It is real estate agents like that that give a bad name to our profession, Sherrie. That agent had the opportunity to protect you and blew it. She knew darn well, that the transaction should not have closed with that kind of damage. She should have immediately...

Buying or Selling a Home: Real estate title, tina, dick
tina, dick, real estate title: Anybody can own real estate and accept title transfer, Tina. It s just that they cannot legally transfer title to anyone until they are 18. I recommend you consult a real estate attorney to make sure whatever you are planning re: a minor owning real estate...

Buying or Selling a Home: Realtor's contract ended, code of ethics, length of time
code of ethics, length of time, realtor: What difference does it make, Peggy? You don t know for sure that the Realtor is working for the buyer. In fact, as a Realtor, he is supposed to adhere to a Code of Ethics in which he is supposed to treat all parties fairly. If it turns out he does not, then...

Buying or Selling a Home: real estate transaction, realtors association, s broker
realtors association, s broker, real estate transaction: As far as I am concerned, Marsh, you are right. You should have received a refund. If that person is truly a real estate professional, then you should not have any problems. Indeed, you should talk to the agent s broker (boss) and get your refund that way....

Buying or Selling a Home: Did I get ripped off on my home?, single family residence, previous sales
single family residence, previous sales, broswer: Sounds like the previous assessment was for lot only. I am not sure from your notes if you are the buyer or seller. Did you have an appraisal? There should have been a current appraisal if the purchase was recent. Are you using the taxing authority info? It...

Buying or Selling a Home: Did I get ripped off on my home?, buying, selling
buying, selling, assessor value: Hi Richie, Without all the details of your purchase, I will try to answer this question... You are showing me the county assessor s information for the $87,500 in 2008? then stating that you paid $480,000 for the property? I do sales in California,...

Buying or Selling a Home: Did i get ripped off on this home purchase?, single family residence, good bargain
single family residence, good bargain, getting a mortgage: Hey, Richie. My first response is no, for two reasons. First, a 4,000-SF home for $480,000 sounds like a pretty good bargain in California, Nevada, Arizona, Oregon, and Washington. Second, I m presuming that you have a mortgage on the home, and getting...

Buying or Selling a Home: Did I get ripped of purcahsing my home?, cost to build a home, jessica bryan
cost to build a home, jessica bryan, single family residence: Hello Richie; Clearly there was a low assessment based upon a property that was unimproved. I have no idea what your home looks like or what the going market prices are in your specific neighborhood other than looking at current listings. However, if you...

Buying or Selling a Home: Seller's Disclosure, home buying in maryland, home buying anne arundel county
home buying in maryland, home buying anne arundel county: Hi Wanda, I missed this follow up - sorry! They should have disclosed that to you because insurance claims are very relevant to the sale of the house and your ability to be insured as well as your rates. I m surprised that the insurance company did not...

Buying or Selling a Home: Seller Responses, philadelphia pa, time limit
philadelphia pa, time limit, word of mouth: Wayne, Generally, it depends on the manner the offer was written. The seller can accept until the offer is withdrawn or elect not to respond by the deadline which automatically withdraws the offer. The seller most likely does not have until tomorrow...

Buying or Selling a Home: Sellng rental propety, uniform residential landlord, landlord and tenant act
uniform residential landlord, landlord and tenant act, property management company: Hi Deborah, It depends on the laws in your state. Most states recognize the Uniform Residential Landlord and Tenant Act which governs most circumstances, or either have their own Landlord and Tenant Act. There are several places you can check for answers:...

Buying or Selling a Home: Settlement, home insurance company, carpet cleaners
home insurance company, carpet cleaners, mortgage payment: When you have to sell in order to buy this schedule adjusting often happens. In this circumstance it seems to be a truly legitimate reason. Your other option which would be not to allow the change, and then the buyers for your home couldn t buy and you go...

Buying or Selling a Home: Not satisfied with real estate services, experiance, realtor
experiance, realtor, nightmare: Hey, Korry. Yes, there is a way out. First, though, let me know what state you re in. Russel Hey, Korry. I checked around and it seems like in any state you pretty well have a cause to fire your Realtor. Make an appointment with the broker of the...

Buying or Selling a Home: seller financing, home selling maryland, home buying maryland
home selling maryland, home buying maryland: Hi Ishmell, I suggest that you discuss this with a real estate attorney to make sure you don t make any mistakes when you begin this. The attorney will be able to advise you on how to create the notes for the vacant land as well as the houses. There...

Buying or Selling a Home: seller financing, escrow officers, escrow officer
escrow officers, escrow officer, structure deals: Hey, Ishmell. Speaking from experience, seller financing is not something to do lightly. If you ve never done it, get yourself a good real estate attorney to help you through that first one. Then, if you feel comfortable understanding what he did in your...

Buying or Selling a Home: seller financing, escrow officer, structure deals
escrow officer, structure deals, seller financing: Property management is definitely not my area of expertise. But if you don t want to handle it yourself, you will need someone else to do it but a property manager usually handles rental property. Next, downloading sample forms and contracts from some web...

Buying or Selling a Home: seller financing, escrow officer, structure deals
escrow officer, structure deals, seller financing: Seller financing is a great way to have steady income. I would suggest having an attorney at the Title company who would close this for you draw up all the papers and ask them all these questions to make sure you are protected in case of foreclosure. Be sure...

Buying or Selling a Home: seller financing, real estate transactions, escrow officer
real estate transactions, escrow officer, structure deals: Without knowing in what state you are located, Ishmell, I am not in a position to answer your questions. Every state has a different way of handling real estate transactions, although some are similar to others. Some use mortgages, some use deeds of trusts....

Buying or Selling a Home: selling with second mortgage on land/house combo, jessica bryan, first mortgage
jessica bryan, first mortgage, second mortgage: Dear Karen; You should contact the lenders holding the second mortgage to discuss what you want to do. since you will be selling the house and some of the land you will be able to pay off the house and 5 acres mortgage. The second mortgage will still be...

Buying or Selling a Home: selling w/o an agent, title insurance company, purchase agreement form
title insurance company, purchase agreement form, fha loan: You actually do not need a Realtor to help you put your transaction together as long as you already have the buyer and seller together on an agreement, Diane. In PA, you should use a real estate attorney or a title insurance company. All necessary documents...

Buying or Selling a Home: Transfer ownership of Real Estate to a sibling, quit claim, deed
quit claim, deed, beneficiary: Hello David - Ownership can be transferred using a quit claim deed. Any excrow company will complete the form for you, with your direction, and have the document recorded at the state/ county recorders office. Usually the deed will say in consideration of...

Buying or Selling a Home: tax lien, county property taxes, escrow payments
county property taxes, escrow payments, mortgage bills: Hello Renee, I can only give an opinion, as I must assume that you are not in California. Each county will handle there taxes differently. Before a title can be offered, it must be clear of liens AND taxes! So it sounds to me like the title company messed...

Buying or Selling a Home: Unpaid taxes, unpaid taxes, buying a house
unpaid taxes, buying a house, tax attorney: As soon as he takes title to that property, the IRS and the Child Support are going to glom onto that property. Those liens, you see, are on HIM. That means at any time he should buy a property on which they can put a lien, they will do so, certainly when...

Buying or Selling a Home: value of homes, john hendricks, luck john
john hendricks, luck john, good deals: Dear Esther; Thank you for your question... The first thing you may consider is to employ the best Realtor in your area to represent you in the purchase of the home. You can use the listing agent, but it may to your advantage to have your own representation....

Buying or Selling a Home: Walking away from buy a home, buying, selling
buying, selling, downpayments: Hi Sharon, You don t mention what state you are calling in from... but here in California, you can not be sued...the max the seller can collect is 3% of the purchase price ( on singel family 1-4 units) or the amount of the good faith deposit which ever...

Buying or Selling a Home: word corrections, e mail address, spelling correction
e mail address, spelling correction, kolb: Barb, I understood you just fine. I know losing this house is pretty rough on you but it sounds like it s going to happen no matter what. What you need to concentrate on, is how you can best survive and where you can move to. Think to the future, not on...

Buying or Selling a Home: 2009 Housing Tax Credit, Closing Date, Todd Menard
Closing Date, Todd Menard: Hello Sara - The actual closing date is the date listed as the Settlement Date on the HUD-a form you received from the lender with your closing documents. This is the date that is considered your settlement date AKA Closing date. If you have any other questions...

Buying or Selling a Home: Assuming a loan, new investor, assumable loan
new investor, assumable loan, conflict of interest: In my training of over 20+ years, I was taught by the best in real estate. Rule #1 NEVER engage a purchase or transactions with your customer.Remember you are their agent, not their customer. This is a BIG conflict of interest. O by the way, you mention a...

Buying or Selling a Home: Breach of Contract?, legal recourse, termination of contract
legal recourse, termination of contract, breach of contract: Based on your question, the buyer had to give the seller a termination of contract, seller signs its a moot point, it is over, if it has been conveyed and or delivered. This is my opinion. I suggest you consult a real estate attorney for further consultant...

Buying or Selling a Home: Buyer Broker Agreement - Exclusive Right to Represent, broker agreement, buyer broker
broker agreement, buyer broker, first house: Dear Sharon; A couple of things come to mind. First I would talk to the second agent and explain the situation and how you feel about things. If the second agent is feeling kind he/she will allow the first agent to represent your son in this purchase. ...

Buying or Selling a Home: Buying and selling seem to goof to be true, paying off a mortgage, real estate documents
paying off a mortgage, real estate documents, carrying costs: Dear Alex: There are many real estate companies that buy a house from a desperate owner and then turn around and sell it. Those companies always buy low because they end up having carrying costs and may end up having to sell it for less than anticipated....

Buying or Selling a Home: Buying my siblings out when there is no will, probate court, affidavit of heirship
probate court, affidavit of heirship, title company: Hi Kathy, I don’t know what state you are in or what your specific laws are regarding inherited property; but from the answer you received, it sounds like your Father’s estate has not yet been probated. The basics, however, are that when you inherit...

Buying or Selling a Home: breach of contract, small claims court, breach of contract
small claims court, breach of contract, closet doors: Dear Fairiyal; Thank you for your question... Escrow should not have closed until these improvements were completed to your satisfaction or enough money should have been held back in escrow to insure the work would be complete. Upon the completion of...

Buying or Selling a Home: buy with a rental, home buying maryland, first time homebuyer
home buying maryland, first time homebuyer, getting mortgage loan maryland: It may not be a problem at all. I just worked with a family in the same situation and he had a VA benefit available to him so he did not need a downpayment. They had a home in Florida that they were unable to sell for what they owe, and in order for them...

Buying or Selling a Home: buying a home, desirable neighborhood, realtor search
desirable neighborhood, realtor search, neighborhood values: It sounds like you are reading the county tax records for home prices. That is not a good indicator. You need to find a good REALTOR and let them run the reports fro neighborhood values. The taxes are based on a percentage of the value of the homes. Older...

Buying or Selling a Home: buying a home, buying, selling
buying, selling, contingancy: Hi again Ester... First I would like you to interview a couple buyers agents that have been in the business for more than 10 years (that will take it back to old school - as we are experiencing now) and does a sizable amount of business.. say a minimum...

Buying or Selling a Home: buying a small home, title company, siblings
title company, siblings, sq ft: There s a good possibility this purchase may take longer than you or the sellers are expecting. Based on your information, I am getting the impression that the owner did not leave a will, nor was it in a trust. Therefore, my guess this might be a situation...

Buying or Selling a Home: buying vacant "as is" house, jessica bryan, dressers
jessica bryan, dressers, recourse: Dear Janemarie; When a home is listed as is it means that it is not representing that it will get any repairs that might be needed. As for the listing itself all items that are considered fixtures--being attached to the walls, roof or floor must convey...

Buying or Selling a Home: Cleanout Business, foot increments, philadelphia pennsylvania
foot increments, philadelphia pennsylvania, business license: Hey, Tiffany. I m not familiar with the specific business requirements in Pennsylvania, but almost every jurisdiction requires a business license in order to work in that jurisdiction. That s how they get a significant part of their budget each year because...

Buying or Selling a Home: Closing Question, closing question, escrow
closing question, escrow, doubts: Hello David, A Federal Disclosure must be signed by the seller. This will show any and all problems with the home and surroundings. Although this protects you to a great degree, I would have to advise that NOTHING closes until you are completely satisfied...

Buying or Selling a Home: Closing Question, david answer, closing question
david answer, closing question, question question: Dear David: Thank you for your followup response. I really hope it works out for you. It is a very stressful time; buying and selling should be a pleasure but they are, instead, emotionally draining. For some reason, your question popped up again for me...

Buying or Selling a Home: Closing Question, contracts, breach of contract
contracts, breach of contract, proformance: Hi David, There are many issues you don t expand on... 1. Do you have an agent to represent you? 2. Did you have an independent inspection? 3. Did you receive disclosures from the seller? 4. Did you have an appraisal? 5. What are your major concerns...

Buying or Selling a Home: Closing Question, david answer, closing question
david answer, closing question, local customs: Actually, it is quite common nowadays that only the buyer and the buyer s agent are present at the final walk through. Local customs vary, though. Here in Las Vegas we try to schedule the walk throughs 3 to 5 days prior to the closing date so that any questions/concerns...

Buying or Selling a Home: Condos, cash downpayment, fha loan
cash downpayment, fha loan, littleton area: Sounds good to me, Ron. As long as you are absolutely sure you ll have no trouble with that payment schedule, it would seem to me that the only thing you might want to do is to negotiate (and don t be afraid to do that) a lower price. Just keep this in mind,...

Buying or Selling a Home: Condos, cash downpayment, time home buyers
cash downpayment, time home buyers, time home buyer: Rock and roll, indeed! They had a Woodstock Festival downtown on Fremont Street a couple of weeks ago, and we went and saw tribute bands for Creedence, Janis Joplin, Jimi Hendrix and the Dead! :) It was lots of fun and dancing in the streets. Inside my head...

Buying or Selling a Home: Condos, buying, selling
buying, selling, downpayments: Hi Ron, You are blessed to be able to use the VA the only 100% program I am aware of, although as a Vets mom my heart goes out to you that this is why... I tend to agree with you that your actual money can be put to use else where and if the $190 is...

Buying or Selling a Home: Condos, realtor commissions, cash downpayment
realtor commissions, cash downpayment, home realtor: Hey Ron, Thank you for your military service! I would agree with you about the no money down option. I feel like I can earn more returns on the ~40k you would use for a down payment in the stock or bond market. That said, when you go to sell in...

Buying or Selling a Home: Contract for Deed, balloon note, jessica bryan
balloon note, jessica bryan, breach of contract: Dear Amy; Since I cannot see the contract that you signed I don t know if there is a contingency written into the contract that says that the home must appraise. You said that you are looking to refinance. Was there financing from a lender already in place?...

Buying or Selling a Home: change of purchaser on contract, pre approval letter, wifes name
pre approval letter, wifes name, qualification letter: Hi Carol, As to a revised Contract, I would ask if the husband is now intended to be a co-signer, or if the Contract should be in the wife’s name only. And, yes, I would address this ASAP and address any changes needed. One Purchaser, without the other,...

Buying or Selling a Home: getting out of a contract, game contracts, binding document
game contracts, binding document, early in the game: Hi Krista, I am so very sorry to hear about your situation. This is a typical case of, ‘Just because it is legal, does NOT make it moral or ethical.’ I would consult with a good attorney in your area to review your Contract of Sale and look for a way...

Buying or Selling a Home: Can the Dead own a home?, possession, ownership
possession, ownership, owner of record: Michael - I am so sorry for the delay, I was not electronically notified of your reply. This is actually a legal question and depends on the laws in your state. I recommend you seek legal advice to understand what your rights are in your state, and the process...

Buying or Selling a Home: Disclosures, property disclosure statement, disclosure forms
property disclosure statement, disclosure forms, question pool: Hi Stacey-- Im not Melinda, but for some reason your Question went to the Question Pool. I found it there and felt you deserved an answer ASAP. A Disclosure Statement from three years ago may be missing the disclosure of some very important deficiencies...

Buying or Selling a Home: disclosure, flood elevation, occupancy changes
flood elevation, occupancy changes, term occupancy: Robert, Thanks for the additional information you provided. No litigation is ever a slam-dunk, but it certainly sounds like you have everything going for you as far as written and recorded documentation of dealings with your agent. Attorneys love...

Buying or Selling a Home: disclosures, licensed plumber, water leaks
licensed plumber, water leaks, omissions insurance: Hi Teddy, Hopefully, there was a disclosure form provided to you by the Seller which did not disclose these leaks. With duct tape having been applied in the washing machine area, it sounds like the Seller surely must have been aware of that. Take pictures...

Buying or Selling a Home: Earnest Deposit, jessica bryan, jeopardy
jessica bryan, jeopardy, buying a home: Dear Eileen; when you met with the lender did you get an estimate of closing costs? Was there any cost that they would not allow the seller to pay? Sometimes the lender will only let the sellers pay for non-recurring closing costs and then they withhold...

Buying or Selling a Home: Earnest Money Deposit, earnest money deposit, fha guidelines
earnest money deposit, fha guidelines, small claims court: There is no agency I know of that you can report the seller to, unfortunately. It will depend on what state you are in as to what your recourse might be to get your earnest deposit refunded. If the seller disputes it here in Nevada, as long as it is under...

Buying or Selling a Home: ebay land sale enforceable in Texas?, adverse possession, bad faith
adverse possession, bad faith, california court: The property is in TX, therefore any TX laws governing real estate would apply to that property. I wouldn t send him a dime. That could be a scam. When it all straightens out, then you can send him the money, if you are willing. You should get a TX real estate...

Buying or Selling a Home: Fencing, first time homebuyer, buying home in maryland
first time homebuyer, buying home in maryland, buying home crofton: Yes, backyard fence. Front yard fence may or may not be an issue. In our area there are very, very few front yard fences and most communities will not allow it. If your community will allow you to fence the front as well, you could do that and when you...

Buying or Selling a Home: FHA Loans, fha lender, fha loans
fha lender, fha loans, fha loan: Each FHA lender is different. The higher your score is, the easier it is for them. The lower your score (in your case) the more difficult it will be. So, that means if you apply with one lender and they turn you down, try another lender, and then another until...

Buying or Selling a Home: Financing a home, mortgage loan product, lenient terms
mortgage loan product, lenient terms, private lending: No, Mike, but then these are not normal times. The economy and the politicians have dictated more lenient terms. Normally, FHA has required 3% down. Now normal means half a percent down. There are certain requirements, but it depends on your area and your...

Buying or Selling a Home: Earnest Deposit, closing cost, downpayment
Buying or Selling a Home: Earnest Deposit, closing cost, downpayment, concessions

Buying or Selling a Home: HOA Not Disclosed, exterior paint color, mediation clauses
exterior paint color, mediation clauses, arbitration and mediation: Hi Pam, That is a very big oops on the Seller s part, because there can be huge complications associated with that. In essence, you would be within your rights to sue for damages, and potentially even reverse the sale. Besides the monthly association...

Buying or Selling a Home: Home buying, buying, investing
buying, investing, mortgages: Hi Joe, You don t mention how you are to purchase the home, whether the seller is to carry the note or ? getting a new loan... you don t necessarily need a realtor, but an attorney (and I believe in NJ you use attorneys to close) it would be wise to pass...

Buying or Selling a Home: House, property disclosure form, time home buyer
property disclosure form, time home buyer, first time home buyer: Hi Henry, That’s a loaded question. I have taught week-long courses on buying houses, so it would be very difficult to try and educate you on the entire process with an answer through this system. The basics, however, are that you first need a good...

Buying or Selling a Home: House, realtor buyer, local realtor
realtor buyer, local realtor, complete mortgage: Hello Henry, Thank you for your question. That is a big request and could take hours to write about. There are so many things involved that it takes me multiple visits with buyers to bring them up to speed. Your best bet is to call a local Realtor...

Buying or Selling a Home: House, buyers agent, relator
buyers agent, relator, buying a house: Hi Henry- Thanks for the question. There is really too much involved to teach you here. The two most important things to know are that you need to speak to a loan officer to see what you can afford (what you qualify for) and the costs involved. If you do...

Buying or Selling a Home: House, location location location, desire one
location location location, desire one, old adage: Dear Henry; Another good question... Owning your own home is a great investment due to the opportunity to earn tax free money on the profit you have made on the sale of your house after two years. True, there has to be appreciation, and now with prices...

Buying or Selling a Home: House, home, purchase
home, purchase, process: Hello Henry - The process of purchasing a home is quite details and includes many area of focus. In this reply, lets consider the general process. If you desire more information with regard to a specific question or area of interest please reply. The process...

Buying or Selling a Home: House, title liens, reputable bank
title liens, reputable bank, loan records: You get prequalified for a loan with a reputable bank or mortgage broker. You hire a Realtor. Look for houses with your Realtor in your price range that you were approved in. Submit an offer, with 3% deposit. An escrow company is hired to hold...

Buying or Selling a Home: House, first timer, mortgage lender
first timer, mortgage lender, time programs: My best advice is for you to find and work with a REALTOR in your area, you will need to hire this person as your agent if you are comfortable with them. The process of buying a home is not that complicated if you have an agent who has some experience. My...

Buying or Selling a Home: House, nori, buying a house
nori, buying a house, realestate: Hello Henry, Thank you for your question. The first step is to get your loan lined up. The lender will take your information and tell you what you qualify for and get it all set up. Next, you decide on the house. You can use a Realtor for free - the seller...

Buying or Selling a Home: home selling, jessica bryan, money marketing
jessica bryan, money marketing, agreement states: Dear Katherine; Unfortunately without seeing your listing contract I have no idea what it says about the time limit or other limitations. Usually this is spelled out very clearly in writing in the listing agreement so the agent is compensated for their time...

Buying or Selling a Home: My home's value, jessica bryan, accurate method
jessica bryan, accurate method, real estate agent: Dear Kimberlee; You can find out your home s value either by having it appraised (probably the most accurate method) or by visiting one of many websites that will show you the history of homes in your area. One website that works best but is not completely...

Buying or Selling a Home: My house, right of survivorship, john hendricks
right of survivorship, john hendricks, dear joan: Dear Joan; Thank you for your question. It really depends on a few things that you need to find out. Depending on what state your property is located, it depends on how you and your parents hold title. In California as an example, if you hold the property...

Buying or Selling a Home: house, home buying maryland, first time homebuyer
home buying maryland, first time homebuyer: 3. That is a hard question to answer. Some people use their home basically as a place to eat and sleep because they are more into outside pursuits including working and traveling. Others use their home as a sanctuary and like it to be a place to relax. Other...

Buying or Selling a Home: what kind of help is out there to buy a home
Hello Sean, There are both local and national programs to help homebuyers. For local programs you should call the city housing department where you live and ask about what they have available to offer. Some programs are based on profession (for teachers,...

Buying or Selling a Home: Land contract, probate, selling
probate, selling, attorney: Hi Dave, If the home is in probate, there will be an appraisal done, and most common is, the selling price must be with in 5-10% of the appraised value. Now of course if you don t get any offers at that price and you have to go to court with a low offer...

Buying or Selling a Home: Lawsuit for Misrepresentation, sick to my stomach, fiduciary duties
sick to my stomach, fiduciary duties, showings: Hi Mary, Wow, what a story! I have never heard of such, never! No wonder you are sick to your stomach. This agent does not deserve to have a license to practice real estate. He has breached just about every one of his fiduciary duties to you as your...

Buying or Selling a Home: Lower appraisal, appraisal, representation
appraisal, representation, communication: Hello Dennis - I am a proponent of expertise in the real estate field as well as the methods used in representation as it relates to Standards of Practice and the clients best interest. As you have just experienced, in this market, appraisal standards, and...

Buying or Selling a Home: lease with option ethics, purchase contracts, contract states
purchase contracts, contract states, addt: Dear Michelle, yes it may be more legal. I do not have a copy of your contract so I can only take a chance on my response. If your lease contract states that the tenant is responsible that you probably are responsible for the roof repairs. You should obtain...

Buying or Selling a Home: Need some advice please!, plant grass, time home buyers
plant grass, time home buyers, first time home buyers: Dear Dawn; There are plenty of reasons to ignore the $8,000 rebate if you can get a better deal. It sounds like that is exactly what you are getting by purchasing your mother s house. You are saving a whole lot more than the $8,000 and getting exactly what...

Buying or Selling a Home: non heated/air conditioned room to be included in square footage??, square footage, appraisers
square footage, appraisers, heating and cooling: Hi David, I don t know if your local statutes and building codes are different than the ones we have here in Nevada, but an unpermitted addition is never included in the total square footage, even if it does have vents for heating and cooling. Appraisers...

Buying or Selling a Home: Part time Real Estate Agent, mike ferry organization, time realtor
mike ferry organization, time realtor, real estate sales: Dear David; Thank you for your question, and I am real sorry to take this long to answer it. I have just returned from a business trip and just getting around to my AllExpert questions. As I studied for my real estate license way back in 1985, I worked...

Buying or Selling a Home: Back Porch Addition and PVC Pipes, pvc piping, queens county ny
pvc piping, queens county ny, pvc pipes: Hello Allan, Thank you for your questions. Technically all changes should be recorded with the local municipal building department. Records maintained by these entities are not always 100% accurate and don t all go back to the beginnning of time....

Buying or Selling a Home: Purchase of a short sale, personal schedule, two choices
personal schedule, two choices, code of ethics: Keep this in mind, Bernice: Banks are not Realtors and have no idea how to treat buyers and sellers. All they know is that they want MORE money when they are selling a house through short sale and any other way. They are hoping someone will make a better offer...

Buying or Selling a Home: paying for the right fees?, buying, selling
buying, selling, downpayments: Hi Lorena, The good faith from your realtor is one indicator, you should also get one from your lender, and then compare the two... Be sure you have title, escrow ( if you are Southern Cal) messenger fees, report fees, recording fees, city trans fees,...

Buying or Selling a Home: Real Estate Transaction
The mortgage broker apparently was licensed to do business as a mortgage broker in the state of the sale of the house. If that be the case, he/she is the one who is at fault. He/she should have know his business better than that so that you would not have...

Buying or Selling a Home: Revalued Home by Town for R/E Taxes, master baths, area realtors
master baths, area realtors, political relationship: Every state and county within those states have their own way of evaluating the property within their borders. Your logic may indeed be valid elsewhere, but in your county, your board of review is populated with people who have an allegiance to the people...

Buying or Selling a Home: real estate, john hendricks, meaningful conversation
john hendricks, meaningful conversation, joint tenancy: Dear Athol; Thank you for your question... Although you made it clear that the property is held in tenants in common, you also stated that the property is held in joint tenancy now. If your brothers wife never probated her interest in the property, I don...

Buying or Selling a Home: real estate termination, jessica bryan, residense
jessica bryan, residense, time periods: Dear Jim; Every state has slightly different laws but I don t know of anyone who says anything about having to wait before entering into a new contract once an old one with another agent has expired. Unless your listing contract says otherwise (and you should...

Buying or Selling a Home: realtor's contract, dead time, state of new york
dead time, state of new york, exclusions: Hi Deb, It all depends on your Mom s original contract with her Realtor. If~ when she signed her contract she had exclusions or exceptions , she may not have to. She would have had to name the exclusions or exceptions by name and in writing, usually with...

Buying or Selling a Home: resale values - first time home buyer, home buying, first time homebuyer
home buying, first time homebuyer, buying in crofton: That s a tough one especially because I don t know the neighborhoods you are talking about. For example in my area, 10 miles can make a huge difference as far as values. Ten miles from here you can buy much more house, but property values are still declining...

Buying or Selling a Home: Sell home to our Son, escrow officer, time home buyer
escrow officer, time home buyer, first time home buyer: I m not aware of any 3-month holding rule before selling, however, how is he going to pay you for the house? If he isn t securing a mortgage in his own name and paying market value for the property then he won t qualify for the credit. If you re just putting...

Buying or Selling a Home: Seller responsibilities, small claims court, professional obligation
small claims court, professional obligation, local board: Dear Scmuly: This depends upon the laws of the particular state, and I am not aware of what state you are in. However, the key to most of these requirements are what is written in the contract as personal property, such as a refrigerator that is usually...

Buying or Selling a Home: Selling a home with VA funding, deed in lieu of foreclosure, redemption period
deed in lieu of foreclosure, redemption period, right of redemption: Hi Tom! VA does not have any restrictions like FHA does on financing after a foreclosure, so you should be good to go. The only other thing I can think of is that a few states do have a right of redemption period where the original owner can bring the...

Buying or Selling a Home: selling our home in pa, do we need a lawyer, buying, selling
buying, selling, investing: Hi Geri, sorry for the delay your question ended up in my spam file... (found it in the 1758+ e-mail though) Every state has their own way of doing business... I am in California and we do not use lawyers... although if your state is not using escrow or...

Buying or Selling a Home: sex offender moved next door/real estate value
Hi Missy- Thanks for the question(s). In Virginia, there is a disclosure that buyers sign that is called the Megan s Law Disclosure. In effect, it lays the responsibility of checking for sexual offenders near the prospective home on the buyers by advising...

Buying or Selling a Home: short sales, fannie mae, question michael
fannie mae, question michael, time thanks: You have asked a question, Michael, to which most real estate agents would like to know the answer. First of all, the lender procrastinates because they know they are going to lose money on that particular house/mortgage/sale. Let s put it this way: If...

Buying or Selling a Home: tax sale of property, original mortgage, mortgage payments
original mortgage, mortgage payments, mortgage company: No, Wendy, you do not have a mortage on the property. You may have the original mortgage copy, but you no longer have a mortgage. No doubt your monthly payments, which you obviously fell behind in paying, included the property taxes and insurance. When you...

Buying or Selling a Home: title, escrow papers, proper documents
escrow papers, proper documents, title company: Hi Jerry...the lender had the title. It seems unlikely that they would not cover their security by holding the land until paid off. The title company is responsible for transferring the proper documents to the state....that s what they do! Somebody is NOT...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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