About Experts Sitemap - Group 8 - Page 4 2014-12-16

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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