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Buying or Selling a Home/Questions Answered by Expert Karyn Foley

Subject	Date Asked
false information in listing	1/25/2012
Q: I bought a foreclosed as is property in Jacksonville fl. The listing agent listed the property ... A: What a dreadful surprise! And, unfortunately, the answer I have to give you is going to be ...
short sales	10/27/2011
Q: First, thanks for your time. I'm currently 5 years into a 30 year fixed at 6.1%. I bought at ... A: Here is a comparison: I lost money on my stock and bonds investments during the past few years, and ...
townhouse/condo	9/19/2011
Q: What are the major difference between a townhouse and condo A: Townhouse is an architectural style and condominiums are a form of ownership. Townhouses are owned ...
Making sure spouse has no authority with house deed..	6/24/2011
Q: I live in MS, and have been married for 16 years. My wife's name is on the (JTWROS) deed to the ... A: Even though you are responsible for paying the mortgage, you are obviously both owners of the house. ...
Being on the Title vs being on the Mortgage	6/2/2011
Q: I am not sure if you may be able to answer this for me, or maybe you can provide some direction. ... A: Although you are the sole person responsible for the loan, he seems o be responsible for your ...
Appraisal - Post Mortgage	4/8/2011
Q: we purchased our home over four years ago, and with the fallout of the real estate market, we have ... A: There are many, many people in your situation. Either by buying a hone and not having a crystal ...
Selling for Family	3/14/2011
Q: Does the listing agent need to notify the buyers that they are selling the home for a family member? A: Most states have firm disclosure laws that mandate that all parties are to be aware that that ...
Title company	2/26/2011
Q: we r buying a bank owned home. Closing is set for Monday. About 10 days ago, i asked a question to ... A: I would be very upset, too. Full disclosure is usually a legal mandate in most states, including a ...
buying a house	1/13/2011
Q: I want to own a Multi-Family house in the San Diego area. How does Mortgage work? A: The San Diego area has a multitude of lenders. My suggestion first, however, is to contact this ...
appraisal	12/15/2010
Q: We signed a contract to sell our home. The appraisal came less than contract price. The buyer wants ... A: First of all consider that if one appraisal came in low, the chances are likely that so will the ...
appraisal	12/14/2010
Q: We signed a contract to sell our home. The appraisal came less than contract price. The buyer wants ... A: All real estate negotiations should be in writing, and if amendments are signed by both principals ...
Home Sale Advice	12/9/2010
Q: I listed my condo in June 2010 with an agent I interviewed at some length. I told her that when I ... A: i can understand your concern, but I do not agree. It appears obvious that you have hired a very ...
Pulling out of a real estate contract I am the seller	11/11/2010
Q: I recently sold my home - buyer got their mortgage and closing in Jan. If I want to pull out of the ... A: Yes, you can be sued. It is called SPECIFIC PERFORMANCE. And, if the buyer wins, you have to sell ...
Real Estate	10/17/2010
Q: I recently bought a house in Jackson, MI from a foreclosure (bank owned) sale. The realtor indicated ... A: I hope that you have the realtor's statement in writing. It would be hard to prove unless you could ...
After purchase	10/6/2010
Q: I have purchased a home in the state of Delaware. After living there for 6 months I noticed the ... A: Please check your contract and all of your documents. Did the home inspector check over the ...
Buyer breaks contract	9/29/2010
Q: I sell my house and lot to Willard for $100,000. The terms of the contract call for Willard to pay ... A: I do not have a copy of your contract, so I can only give an opinion. To get a firm legal response, ...
HOA Rules & Selective Enforcement	7/30/2010
Q: I am having an issue with a community I moved into in 2003. It was made clear at the time of ... A: I have answered all of the questions that refer to assistance from a real estate broker. Now you ...
HOA Rules & Selective Enforcement	7/29/2010
Q: I am having an issue with a community I moved into in 2003. It was made clear at the time of ... A: 1. With reference to parking on the streets, the first thing you should do it check with your ...
landlord selling house	7/28/2010
Q: My wife and I have signed a rental agreement through May 31, 2011. The landlord has since decided to ... A: I can only sympathize with you. This is typical in this kind of market and has left many a person ...
buying first house	7/27/2010
Q: My boyfriend wants to buy a house together and we are not married. I suggest we wait until we are ... A: You bring up some excellent questions, and I respect your prudent approach to a major purchase. ...
Earnest Money	7/9/2010
Q: I was pre-approved for a FHA home loan and signed a contract with the builder to buy; however, prior ... A: I am sorry that you have been laid off, and are now facing the problem of getting back your deposit. ...
Getting preapproved	7/8/2010
Q: I am looking for a house in Maryland. Have not sent in an application for pre-approvement yet. ... A: Good for you, pre-approval is going to be your best best for success and for prevailing over other ...
home real estate listing	6/2/2010
Q: I've had my home for sale on the market for over a year and I'm taking it off the market for about ... A: The main reason your home did not sell was probably because it was too high an asking price. It ...
No Disclosure of Survey on file	5/23/2010
Q: What does it mean when a foreclosed property states sold as is, no disclosure of survey on file? ... A: It means that there are no guarantees or warranties and that the buyer must do due diligence in ...
signed contract to buy	5/8/2010
Q: I recently went to Florida for the 1st time,while there i saw a house that i liked and made an ... A: 1. If the owner releases you, it is important that you get it in writing. In real estate, and with ...
signed contract to buy	5/8/2010
Q: I recently went to Florida for the 1st time,while there i saw a house that i liked and made an ... A: Please check with an attorney to learn if you and/or Florida are in a state that requires both ...
Down Payment Assistance Programs	4/19/2010
Q: I know someone who is in the process of buying a home. They are getting a FHA loan. They need down ... A: You should look for a family member to give the needed assistance. There are no outside groups - to ...
Contract	4/7/2010
Q: I put down my earnest money yesterday when I put in my bid. I don't feel like I was represented ... A: I don't have a copy of your contract, and do not know what state you are from. Your contract ...
Asbestos contamination	4/2/2010
Q: I closed on a home a month ago. I knew and was advised by the inspector that there was asbestos ... A: With reference to the asbestos in the floor tile, the seller is obligated to disclose those items ...
Asbestos contamination	4/2/2010
Q: I closed on a home a month ago. I knew and was advised by the inspector that there was asbestos ... A: I do not have a copy of your contract so I am going to have to do this one by ear. If the asbestos ...
Proper Protocol	3/26/2010
Q: Is there any reason a buyer’s agent insists on make an offer directly to the seller, rather than to ... A: T he offer belongs to the seller and is usually mandated (by state real estate law) that it must be ...
Proper Protocol	3/25/2010
Q: Is there any reason a buyer’s agent insists on make an offer directly to the seller, rather than to ... A: Here, in California, the buyer's agent has the right to ask to present the offer both to the seller ...
Accepted contract	3/15/2010
Q: I recently received a signed and dated acceptance on a home, now the original buyers have come back ... A: I am sorry you are going through this problem, and I can imagine how disturbing it is for you. ...
Responsibility of Seller for repairs	3/2/2010
Q: I recently bought a house in my neighborhood and rehabbed it and sold it. In the seller's ... A: As a broker, I came upon this problem a short time ago when I represented a buyer who was not only a ...
Appraisal time frame	3/1/2010
Q: I just accepted an offer on my house in Madison, WI. I'd like to know, in general, how soon do ... A: all of that information should be made available to the lender/appraiser. There is a vendor/vendee ...
Appraisal time frame	3/1/2010
Q: I just accepted an offer on my house in Madison, WI. I'd like to know, in general, how soon do ... A: Congratulations on selling your home! It is a difficult market, and you probably had your home ...
selling/buying mortgage	2/16/2010
Q: If my present home sells for less than what I owe, can the balance be carried to the new mortgage. ... A: Just because I have never heard of that happening, does not mean that it cannot. However, today's ...
Enforcement of HOA Rules/Covenants	2/14/2010
Q: 4/09 I moved into a community in Carolina Shores, NC that has HOA rules, covenants & a management ... A: I do not live in your state. I have no telephone numbers or emails or addresses or names to give to ...
A fixer upper	1/26/2010
Q: In 2006 my wife and I purchased a home. At the time the broker sold us the house "as is" we were ... A: I hope that you had a home inspection service inspect the home during your sale contingency period. ...
Trying to close on a house	12/3/2009
Q: I am 8 months into trying to buy a short sale home. The closing date was on or before Nov 30th. When ... A: Now you know why many people try to avoid short sales. Those who are successful are prepared to go ...
Release of Deposit Monies	11/23/2009
Q: I signed a contract to purchase a home in New Jersey and take advantage of the 1st time home buyers ... A: I do not have a copy of your contract, so cannot determined expiration dates and contingencies. At ...
2 people buying a house	11/14/2009
Q: We live in northeast NJ where prices and taxes are high compared to many other states. My single 25 ... A: First thing you do is check with a lender. Down payments are required, and your son's amount may ...
Earnest money	11/11/2009
Q: We made an offer on a short sale property in Florida, our realtor (personally known)said the sellers ... A: What a nightmare. I am so sorry you became involved with something so nefarious. Each agent is ...
"As is" definition of property in California	10/27/2009
Q: I read one of your answers on this site re the buyer who bought FL property sight unseen. You ... A: I did not quote laws in California. I said what is commonly understood for real estate language. ...
Buying and selling seem to goof to be true	9/30/2009
Q: Ok due to harassment from our neighbors we've wanted to move but didn't have the money so recently ... A: There are many real estate companies that buy a house from a desperate owner and then turn around ...
Closing Question	9/28/2009
Q: I'd like to get your thoughts on the following issue: I am scheduled to close on a house this ... A: I really hope it works out for you. It is a very stressful time; buying and selling should be a ...
lease with option ethics	9/19/2009
Q: this might be more legal, but my husband and I are leasing a house with the option to buy on a 24 ... A: yes it may be more legal. I do not have a copy of your contract so I can only take a chance on my ...
Seller responsibilities	9/15/2009
Q: Is there some law that exisits that requires a home to be sold with a fridge and stove? Who A: This depends upon the laws of the particular state, and I am not aware of what state you are in. ...
Short sold house	7/29/2009
Q: We had recently short sold our house and am still waiting for it to be approved by our bank. My ... A: Are you in-laws willing to put your names on the title? This could be an issue with them, so I hope ...
Keeping existing tenants	7/16/2009
Q: I have recently bought a house with good tenants which would like to stay on. I would like to keep ... A: A question that can be answered by asking the tenants to show you a copy of their lease. The lease ...
seller responsibilities on canceled contract	7/8/2009
Q: I was recently in the market to buy a townhouse in Maryland. The property of interest was a short ... A: I am so sorry to learn about this problem. However, as I do not have copies of the actual documents, ...
Selling old home as commercial	6/25/2009
Q: We own a home that is sitting in the middle of property that is now commercial. It was farm land ... A: It is my opinion that you are being penny wise and dollar foolish to not go through a real estate ...
Ethics	6/17/2009
Q: Is it legal to put in offers for 2 diff clients on same property. Agent is not listing agent. Thx. ... A: OK, but with disclosures. Many states have a mandatory disclosure form that states that agent may ...
Incompetent realtor	6/16/2009
Q: I am VERY frustrated with my realtor! I have a realtor I'm working with who is a friend of my ... A: You are in a very frustrating position. I do not care that your agent is a friend of your Mother, ...
multiple offers and checks	6/9/2009
Q: I have a Realtor that was working for Coldwell Banker. We placed a bid on an REO property and went ... A: I thought I had sent my response but aparently you did ot receive it. I would suggest that you ...
PREFORCLOSURES	4/22/2009
Q: i want to know if a agency is charging you 199 dollars to help you find a preforeclosure home to ... A: A pre-closure could be a problem. Foreclosure is a long, laborious process which could be voided ...
Age of Mechanical Systems	4/17/2009
Q: I am in the process of purchasing a home. The seller advertised the furnace, water heater, and AC ... A: YOu should consider yourself fortunate that you learned about this prior to ownership. At this ...
Realtor for a new build	4/2/2009
Q: We are looking at building a new house, and we have been engaged with a builder (who is represented ... A: It is always a good idea to be represented by a party who acts as your advocate! I do not have a ...
FAR/BAR	3/21/2009
Q: Inspection and repairs: I recently signed a contract with escrow funds for a house unseen in ... A: The most important thing is that you were released from the contract. The next important thing is ...
misrepresentation	3/15/2009
Q: Waht is the responsibility of a seller to advise that he has listed property that is not yet ... A: Your questions is confusing, and I do not quite understand what you mean. Therefore, I am going to ...
Selling rental property	2/10/2009
Q: I am thinking about selling a rental house I own and have current tenants living there. Once I post ... A: That question is regulated by the municipality in which the property is located. Call the city ...
Need a realtor	2/4/2009
Q: I have had my house on the market for a year and would like to switch realtors. Can you tell me how ... A: Now is a great time to switch. After a year, you probably need a change. Unless, of course, you ...
buying an REO home	1/27/2009
Q: I have found a house that I'm really interested in. I saw this house almost 2 months ago and put an ... A: You are obviously bidding on a short sale, where the lender either is taking back the house from the ...
conflict	1/14/2009
Q: Their "broker" put the property up for sale for $320k.During the next 6 months the house was not ... A: As I do not have a copy of the contract, I cannot ascertain when the time limits expired, what the ...
landlord selling my rental house	1/13/2009
Q: I signed a lease granting me residence from 9/1/08 through 8/31/09 of a single-family house and have ... A: I do not have a copy of your agreement so I can only answer on a general basis. All real estate ...
lease option contract - buyers rights	1/10/2009
Q: My husband and I have been looking for a lease option home due to our current credit situation. We ... A: I had hoped that your agent had suggested you having your own real estate attorney look over all ...
selling jointly owned property	1/8/2009
Q: my husband and his brother own property together. his brother doesn't want to sell but my husband ... A: You are in an uncomfortable position. But you should be aware that there are processes for just ...
Lenders Responsibilities	1/2/2009
Q: I purchased a residence in Aug. of 2007. In Sept. the loan was sold to a bank by the original ... A: The contractor who did the research should be held accountable. I would strongly suggest you get ...
Exclusivity contract	12/29/2008
Q: We are currently relocating to MA from PA and have been working with several realtors as I feel they ... A: Ethics and laws differ from area to area, and I am in California. However, you are the type of ...
Short Sale	12/25/2008
Q: We signed an AOS for $300K for a short sale house. We also had to sign an addendum for $15K for the ... A: You are the one who should call the title company, the owner or manager of the brokerage company, ...
renting out a house under contract	12/24/2008
Q: I am currently in contract for deed with a house that I now want to sell, the person I'm in contract ... A: You are in a very mervous situation and I applaud you for having done all that you have done in ...
Earnest Money	11/13/2008
Q: Foley: We applied for a 5% down mortgage for a home and put $1k earnest money down. The bank did ... A: I do not have a copy of your contract, so I can only make suggestions. Your contract should have ...
Questions	10/23/2008
Q: What type of questions should a real estate agent be asking me if I come into their office looking ... A: I admire an agent who will take the time to personally meet with a potential client. It gives an ...
To good to be true or can this be trusted?	9/9/2008
Q: http://raleighrealestatesite.com/pp_03.asp Hi,how are you? The above is a link to a Real ... A: There are a lot of companies everywhere that make this claim and do buy up homes. However, not at ...
Non-Disclosure	9/1/2008
Q: My husband and I recently purchased our first home in California. We did not have a home inspection, ... A: Please understand that I cannot "practice law without a license" and thus, cannot give you legal ...
Buyer/Seller Controversy.	8/27/2008
Q: My name is Kylee. Recently my boy friend and I began to purchase our first home. My boy friend ... A: Congratulations on being able to avoid a nasty situation. Either your seller had a case of the ...
Buyer/Seller Controversy.	8/26/2008
Q: My name is Kylee. Recently my boy friend and I began to purchase our first home. My boy friend ... A: Please understand that real estate brokers cannot offer legal advise, as we cannoot "practice law ...
responsibiltiy for residents to move out	8/24/2008
Q: I am a first-time buyer in So Cal and escrow was supposed to close 3 days ago on the short-sale ... A: You are in a very vulnerable and highly charged situation that needs immediate legal support and ...
seller changes mind	8/18/2008
Q: I went into escrow 6 days ago and was told today the seller has changed his mind about selling. ... A: This is an irregular and unusual market, and everything is happening, seemingly for the "first ...
Buying under contract	8/12/2008
Q: Recently we put in an offer on the home of our dreams, but hit a dead end when the seller told us ... A: This sounds like a land contract to me. If it is, then you need to consult a real estate attorney. ...
Fiduciary Responsibilities and Disclosure	7/29/2008
Q: I am from Canada and recently purchased a home in Arizona. After initially viewing the property and ... A: Your agent relied upon another agent's listing sheet that stated that there was a carport and ...
about commission	7/15/2008
Q: I found this provision in my listing agreement. 2. To pay a Brokerage fee subject to the terms ... A: As I am not an attorney, I am not going to give a legal perspective to your contrat terms. To do ...
about changing a seller's agent	7/15/2008
Q: I chose my current realtor to sell my home because he just sold one of the homes in my neighborhood ... A: T really applaud you for having morals. It is not a usual approach in the real estate business ...
Escrow/Selling	7/15/2008
Q: I just found your site, and many years ago a transaction in regards to an escrow being paid outside ... A: I am hoping that you will do something. It is people like that seller who gives the real estate ...
Escrow/Selling	7/15/2008
Q: I just found your site, and many years ago a transaction in regards to an escrow being paid outside ... A: Simple answer: fraud. If you wish to pursue it, that is a statue of limitations with reference to ...
Question about inspection	7/14/2008
Q: I live in Sunnyvale, California. I owned a mobile home in a trailer park, and I sold it without an ... A: It is up to a buyer to order, pay for, and conduct an inspection report. I do know, however,that ...
home selling	6/27/2008
Q: I want to sell my house by renting to own. Do I need legal forms and who or where do I go to get ... A: I am not certain what you mean by "renting to own". Here, in California, we might call it as a ...
closing	6/26/2008
Q: karyn, i recently bought and closed on a condo, my lawyer made me pay some of the taxes directly to ... A: These are important questions that should have been adedressed to your lawyer, or another ...
RE classes	6/25/2008
Q: I wasn't sure where to ask this question so forgive me if it's posted in the wrong area. I am ... A: Some of the larger real estate companies may still offer classes, so call some of these agencies. ...
selling my home	6/24/2008
Q: I bought my home in suburb of Cleveland, OH 9 years ago. Now I am looking to sell, & tried to do it ... A: I really feel that you get what you pay for - especially in real estate. In another market, maybe a ...
selling my home	6/23/2008
Q: I bought my home in suburb of Cleveland, OH 9 years ago. Now I am looking to sell, & tried to do it ... A: Yes, you need an agent. The market is at an all time low, and you need a company that makes a ...
Who is responsible?	6/7/2008
Q: ..we are looking to buy a home on LI NY, we finally found one that we like for the location.....we ... A: Many years ago, real estate contracts here in California did state that the seller was to deliver ...
Who is responsible?	6/7/2008
Q: ..we are looking to buy a home on LI NY, we finally found one that we like for the location.....we ... A: This is a good question, but fortunately, not a major hassle for anyone - at least it shound't be! ...
Realtor	5/31/2008
Q: We bought a house in 2006 listed on the MLS as a 4 BDRM home. The 4th BDRM is in the finished ... A: I am sorry, but I cannot understand why you expect the building inspector to pay for anytng. His ...
Realtor	5/31/2008
Q: We bought a house in 2006 listed on the MLS as a 4 BDRM home. The 4th BDRM is in the finished ... A: You are correct...why, indeed would he contact the agent unless he or she knew the agent personally ...
Realtor	5/31/2008
Q: We bought a house in 2006 listed on the MLS as a 4 BDRM home. The 4th BDRM is in the finished ... A: While I will try to answer your questions, it should be advised to you that I cannot offer legal ...
inheirited house	5/23/2008
Q: My dad died in February and left us his house. It is in Dayton ohio and not in a very good ... A: Sorry to hear that your dad died. With reference to his house, my first suggestion would be for all ...
Getting My Money Back From An Option To Buy	5/21/2008
Q: Last year I made a business in Orlando Florida. I rented a house with the option to buy. I gave a ... A: I am sorry, but the facts are very confusing. If you have the contract for the option money, then a ...
Residential Listing Agreement	4/3/2008
Q: I hope you can help me. I signed a Residential Listing Agreement over 2 weeks ago - future dated to ... A: I do not have a copy of your agreement, so am not certain of your obligations. However, I am ...
Selling/ Buying a home	4/1/2008
Q: , I'm looking for basic advice for a basic situation - I only moved once before in my life, about 13 ... A: Do a survey of your neighborhood or area, and select three agents and/or three companies that have a ...
Selling/ Buying a home	3/31/2008
Q: , I'm looking for basic advice for a basic situation - I only moved once before in my life, about 13 ... A: Lots of good questions, that I will try to answer and help you out. First of all,, in this market ...
Flat fee MLS listing and commission	3/30/2008
Q: We have decided to use a flat fee MLS listing company to get our For Sale By Owner property MLS ... A: Good questions, and I am happy to be of help to you. I do have one question, however, and that is, ...
Earnest money	3/18/2008
Q: My wife and I signed a purchase agreement on Oct 30, 2007 for a house under construction, with a 90 ... A: I amresponding to you via the All Experts network. As I do not have a copy of your contract, I can ...
Deposit Refund	2/29/2008
Q: My fiance and I fell in love with a home in Pennsylvania through the builder Ryan Homes in Fox Run ... A: I do not have a copy of your contracts, so there is little I can do to look for a loophole. ...
buyer wants to back out od a contract.	2/9/2008
Q: We live in Richmond,Ky. My wifes house she owned before we married is for sale and we have gotten a ... A: I am so sorry you are going through such an awful situation. It is a shame that it is happening to ...
FSBO and attorney	2/6/2008
Q: My husband and I are considering trying either simple FSBO or Rent-to-own. In what stage will we ... A: There is nothing like a "simple" FSBO. You are dealingwith a seller who may or may not provide you ...
Florida Real Estate Contract	1/16/2008
Q: I am to settle on a condo resale purchase in 3 weeks. Due to unforeseen serious health issues ... A: This is basically a legal question, and real estate agents and brokers are not permitted to practice ...
FSBO closing attorney	12/12/2007
Q: A Seller in FL has an offer; contract came in on a contract which was not standard. His attorney ... A: Each area has its own customs, and it is not unusual to have to conduct a transaction using ...
two contracts	11/30/2007
Q: We made an offer on Nov 18th expecting an answer on the 19th. It never came. As it turns out the ... A: This is confusing to me as I have no copies of any of the documents. FYI, your agent is called ...
Contracts	11/10/2007
Q: my mother bought a home for sale by owner about 8 years ago and when the owner wanted to sell her ... A: I am sorry, but your question is confusing to me; the personal pronouns are the reason. I gather, ...
breach of contract	10/19/2007
Q: We closed on a home about six weeks ago. The seller owed 35,000.00 in order to close. He was not ... A: I am very confused. The only monies you should have paid into the escrow or title company prior to ...
Well in Right-of-Way	10/4/2007
Q: Within the past year, I purchased a home built in 1990. I have recently found out that the water ... A: You have title insurance, don't you? You should call the title company immediately and discuss this ...
Unusual Offer to Purchase?	10/2/2007
Q: I received an unsolicited offer to purchase my home from a real estate investor. The arrangement as ... A: You are right: They end up selling it for more, or they may not even wish to conclude their ...
Quitclaim issue	10/1/2007
Q: When my mother-in-law bought the house 11 years ago, her niece gave her 20k to add to her down ... A: A co-signer, as you now know,is not a wise thing to do without some sort of legal document spelling ...
Substitute trustee for signing?	9/30/2007
Q: I read about experience and it seems you may be able to know the answer to this question. My ... A: Sorry, but this is not a subjection in which I have any experience and knowledge. However, I would ...
unethical realtor	9/27/2007
Q: We listed our home in June. The realtor listed it for $420 only to later come back and say she put ... A: Although you are to be congratulated for having sold your home in a difficult market, I am sorry, ...
Slow Agent	9/23/2007
Q: I am frustrated with my agent and have told him so. We found a house we love but he insisted on us ... A: Yes, you should now continue to negotiate with your agent for the purchase of the FISBO. You should ...
Slow Agent	9/23/2007
Q: I am frustrated with my agent and have told him so. We found a house we love but he insisted on us ... A: I am sorry you have this problem, and I will try to help, a bit at a time. Can you buy another home ...
Well Problem	9/22/2007
Q: My sister sold her mountain home in Colorado last July. She just received an email from her realtor ... A: This can be uncomfortable and confusing. It is a "gray area". This problem did happen very soon ...
changing buyer's agents (no contract)	9/20/2007
Q: [I apologize - I just sent this question, but had typed the incorrect e-mail address.] Hi Karyn, ... A: Unless you have signed some kind of broker-buyer agreement, you may have no obligation; also, these ...
Purchase Agreement Cancellation	9/19/2007
Q: This is my dilemma. On July 17, 2007, I put down a $2500 deposit for a condo. According to the ... A: If you have an agent representing you, this person is the one who has the contract and should be ...
Selling investment property renters in home	9/14/2007
Q: We have a home that we wanted to sell. We allowed renters in to build their credit for purchase. ... A: In today's buyers market you may indeed find some one who will purchase your home subject to the ...
non-contigent offer	8/14/2007
Q: I live in MN and recieved a non-contigent offer back on 5/24/07 with closing on 8/31/07. I was told ... A: I am so sorry you have been treated in such an unprofessional manner by an agent who deserves to be ...
problems with buyer's agent	7/5/2007
Q: I don't currently live in the place I'm trying to buy a condo. I found a listing online and ... A: I am sorry you had initially selected an agent who is not working for you. There are different ...
Breaking a contract	7/4/2007
Q: I recently signed a contract to purchase a row house in Old Town Alexandria, VA. After reviewing ... A: Your agent, and the owner/realtor should have made certain that you had a contingency in which to ...
Earnest Money	6/30/2007
Q: My husband and I signed a contract and put down $1000 earnest money for the purchase of a brand new ... A: This ia basically a legal question, and I am not allowed to "practice law without a license". ...
Residential Listing Agreements	6/27/2007
Q: I would like to know if I take my house off of the market, does that release me from this contract? ... A: As I do not have the copy of your contract, it is difficult to give an exact answer. However, if ...
Earnest Money REfund	6/27/2007
Q: we recently signed a contract to sell on July 31 to a young couple starting out. They put up a small ... A: Without seeing your contract, I cannot give a strong statement. Also, it may be a legal matter, so ...
Firing a buyer's agent	6/26/2007
Q: When I was looking to buy my first house I looked in MLS and found some houses I wanted to see. ... A: Congratulations for having the personal responsibility to do what it moral. You do not have any ...
Breaking a Sellers agreement	6/12/2007
Q: We have sold our house and the contract agreement has been signed. However, we now regret the ... A: Chen: I do not understand about the deposit. Is this not the deposit the buyer paid into a neutral ...
Breaking a Contract	6/7/2007
Q: I signed a contract on 5/26/07 to buy a new home from Pulte Homes in Maryland. I am now regretting ... A: You have a binding contract, and I do not have a copy of it with reference to your contingencies. ...
Value of improvements	6/1/2007
Q: In preparing to sell my house I've recently put in $50000 worth of landscaping inmprovements. Can I ... A: The value of your home is based upon sales in your neighborhood that have actually had the transfer ...
Overpriced house/Change Realtors?	5/31/2007
Q: My husband and I made the initial mistakes of 1.listing with a 3% realtor, who did nothing 2. ... A: Gee, Sharon, don't you realize that you had contacted me before, and you are going against my ...
Home not selling	5/26/2007
Q: My husband and I put our house for sale one year ago June. We made two very big mistakes: 1. ... A: I am sorry, Sharon, but no one has a crystal ball to look into the future. My suggestion would be ...
Home not selling	5/26/2007
Q: My husband and I put our house for sale one year ago June. We made two very big mistakes: 1. ... A: You are allowing yourself to be influenced by too many other people. Pick a real estate agent who ...
Home not selling	5/25/2007
Q: My husband and I put our house for sale one year ago June. We made two very big mistakes: 1. ... A: I am sorry you are going through such a stressful time selling your home. Fortunately, you have ...
Multiple Offers and Poker Face	5/11/2007
Q: My Partner and I have recently put an offer on a town home that is perfect for us. When we went to ... A: You have every right to know if there were really any other offers. With the background of on the ...
selling home	4/29/2007
Q: I would like to sell my home which I still have a mortgage on. Do I need a real estate agency like ... A: You certainly have the option of selling it on your own, but it sounds easier than it actually is. ...
contracts	4/11/2007
Q: My boyfriend signed a contract on a lease to own house with his ex girlfriend who is under 18. The ... A: Sorry to have to answer your question by not really giving an answer. But,real estate brokers are ...
selling my house	4/2/2007
Q: My husband and I have our house on the market. But now we are thinking about staying here. We want ... A: I am surprised that your realtor did not suggest you check with your tax advisor since you have not ...
can my deposit be returned?	4/1/2007
Q: I signed a contract to buy a townhome in Florida. Closing was supposed to be on March 20th ... A: Sorry you are going through this crisis. It should be a happy time rather than causing you ...
how to approach landlady about interest in purchasing unit	3/26/2007
Q: I am interested in buying the apartment that I am currently renting. However, it is not for sale. My ... A: How can you buy what is not for sale? If the unit is still part of an apartment building that has ...
backing out of a lease/option	3/20/2007
Q: I found a TWNHouse that I was going to lease option. After signing all of the paperwork. I found ... A: I am sorry you are going through such trauma about what should have been a happy situation. Lease ...
Selling a house	2/14/2007
Q: Can you tell me what the responsibilities are for the seller when selling a home. My Mom passed ... A: First of all, hire an appraiser. Get, in writing, what the value of the home is. Then do what the ...
Rescinded Contract	1/29/2007
Q: I have a question. I am trying to sell my house by myself and have recieved a contract on the ... A: I am so sorry you have had this glitch during your selling period. Unfortunately, these things do ...
is our agent being honest?	1/22/2007
Q: We put our house on the market a few weeks ago. Our agent is not too familiar with the area... and ... A: Congratulations on selling your home, and I hope I can help you by answering some questions and ...
home buying	1/11/2007
Q: recently made offer on home and it was excepted. I had the inspector come out and found that ... A: Wow, what a confusing situation for you; no wonder you are concerned. As I do not have your ...
Real Estate	1/10/2007
Q: We listed our home with an agent. He has not showed the house once. He did call to set one up and ... A: Sometimes a listing agent has customers for homes that he/she has listed, and sometimes no customers ...
Purchase Contracts	1/3/2007
Q: My husband and I signed a purchase agreement with a buyer this past Saturday. Now, the potential ... A: Not having your contract in front of me precludes some problems or insight on my part, plus too many ...
free listing	1/2/2007
Q: like to have u help me get in some website list my house for free,is any out there? A: There is a multitude of free sites, some of them particular to your area. Go on the internet ...
Realtor	12/11/2006
Q: We had been going through a realtor to purchase our condo, but we ended up settling on a new condo ... A: Congratulations on your new purchase,and my applause to you for being so caring about your agent. ...
Real Estate Contract	10/23/2006
Q: We put our house on the market 3 months ago with a real estate agent. We have a 6 month contract ... A: I do not have a copy of your contract, but if it does state in writing that you can cancel via ...
new home contract	9/20/2006
Q: We signed a contract on a new build on 08/05/06, it is now 09/18/06 and we are having second ... A: I am sorry you are going through such a terrible process. Buying a new home should be an enjoyable ...
getting rid of a condominium	8/30/2006
Q: The taxes are part of the maintenance fee. It is a time share condo. The week trade has not ... A: Place ads in local papers as a give-a-way, or in the Wall Street Journal if the share is out of the ...
getting rid of a condominium	8/28/2006
Q: I have owned a condo for the past 10 years. I have tried unsuccessfully to sell it for the past 3 ... A: Depending on the laws of your state, your county, your city and your condo association, you may or ...
Realtor's Disclosure Duties	8/21/2006
Q: Approximately 3 months ago my husband and I selected an agent thru a very reputable and large ... A: What a horrible situation! I am so sorry you got involved with such an inferior agent and company. ...
Condo Contract Default by Builder/Seller	8/11/2006
Q: About a year ago, I put down earnest money to reserve a condo that was to be delivered on April 30, ... A: I cannot "pratice law without a license", which means that for legal advice you should contact an ...
selling	8/10/2006
Q: My husband and I had a buyer make an offer on our home just recently which we accepted on July 10th. ... A: I am so sorry you are going through such a terrible situation. I know it is not fair, but these ...
Contract Issues	8/9/2006
Q: Karen, My husband and I recently signed a contract on a home - a counteroffer to the seller's ... A: I do not have a copy of your contract, but if it is as stated, then your counteroffer to the seller ...
Contaminated Water	8/4/2006
Q: We are in the process of closing on a home my husband signed a contract and there is nothing stated ... A: I am sorry you have this problem, but I share your concern because this is a health and safety ...
Purch. a faulth home	7/29/2006
Q: I am a first time home buyer in Indiana. St Joseph County, South Bend. I recently, Nov 2005, ... A: Sorry you are going through such a dreadful situation. Perhaps I can be of some help, but only a ...
Breaking purchase agreement	7/25/2006
Q: We are first time sellers and tried to choose a reliable realtor to sell our home. The problem is ... A: I am sorry you have this problem, and hope I can be of some help. With reference to your agreement, ...
Earnest money in California	7/24/2006
Q: How do I get my deposit money from a buyer that has backed out? Our real estate agent has sold our ... A: You seem to have had back luck and an inexperienced agent. Although the buyer has legal time limits ...
special assessment	7/11/2006
Q: I recently sold a condo that had just settled an outstanding litigation with the builder in December ... A: Wow - what bad timing! I applaud your integrity about how the dates were recorded and your genuine ...
Disclosure Fraud	7/7/2006
Q: Last year we bought a house in Glendale, Arizona. The seller wrote on her disclosure that the ... A: I am sorry that you are going through such an upsetting incident. It appears as if your seller was ...
Buy out of partner	7/7/2006
Q: I am buying my partner out of his half of our home. We have split up our belongings and agreed to ... A: As agents, we are not allowed to "practice law without a license" so I will avoid making a judgment ...
Breaking a contract	7/2/2006
Q: My wife and I have been dealing with a real estate agent who's performance, in our opinion, is ... A: I am sorry you got stuck with an agent who is not performing in a suitable manner. Please write out ...
breaking contract	7/1/2006
Q: I originally asked this question to Mr. Dennis and had planned on asking a follow up question but he ... A: I will try for the third time to respond, after two unsuccessful attempts where I was confident that ...
Buyer's Agent Broke Agreement	6/8/2006
Q: Actually the agent is an independent broker and in business for himself, there is no managing broker ... A: Hmmmmm,send a self serving letter explaining all that I wrote to you before, and giving him 3 busn ...
Buyer's Agent Broke Agreement	6/8/2006
Q: Buyer's Agent Broke Agreement I recently signed an agreement with a real estate broker to act as my ... A: In most areas, the seller pays the commission to the listing agent and that listing agent's company ...
Under contract to sell house and need to terminate	6/1/2006
Q: I am under contract to sell my house and I need to terminate the contract for personal reasons. We ... A: You are in a legally binding contract. Without seeing the document, I can only surmise that you ...
Seller's Disclosure	5/31/2006
Q: I purchased a house last June... In the process of buying our first home (with a horrible buyers ... A: Yes, you did have a horrible agent if you were not provided with a copy of the bill from a licensed ...
Seller remaining on property after closing	5/27/2006
Q: I am a first time home buyer and was hoping you would be able to provide some information. The ... A: You are not being paranoid, but you are being wise, circumspect and 100% correct. DO NOT LET THE ...
Joint Venture (Two couples buying a house to fix up and sell)	5/23/2006
Q: Four people, (two couples/husbands and wives) purchased a house together to fix-up and sell. One of ... A: Yes, it is fair, as the agent is using expertise and knowledge to the best advantage of everyone, ...
listing problems	5/21/2006
Q: Can a buyer terminate a contract and receive his earnest money back on the grounds of an ... A: I feel that this is more of a legal questions, and we Realtors are not allowed to practice law ...
Straight Out Cash Sell	5/12/2006
Q: I inherited my father's home and property when he passed away. I want to sell the house and land ... A: There are always out of pocket expenses when purchasing or selling. However, you can usually take ...
contract breach	5/1/2006
Q: This is looooong-We live in NJ and listed our house for $1,199,999.99 and within the first week had ... A: Sorry you are in such a prolematic situation. However,real estate agents cannot, and can face ...
Number of bedrooms	3/21/2006
Q: I purchased a home 2 years ago. It is a century home that has been completely gutted and updated ... A: I apologize for the delay in response, but my computer was down. First of all, you should not be ...
buying a home	2/27/2006
Q: Answer - Sorry if i was unclear.Heres the deal.My sister just married her husband last month and ... A: Your sister may or may not b e entitled to any part of the home. She should spend some money and ...
buying a home	2/27/2006
Q: If someones name gets put on the deed of a home even though they are not the owner of the home and ... A: I am a little confused.....if your name was legally recorded on the deed as an owner to a home it ...
zero lot line	1/12/2006
Q: I'm not in your state but am hopeful you will know what that term means. I am looking at properties ... A: Most residential properties have requirements imposed by homeowner associations, cities, counties ...
buying a house with tenants in it	1/6/2006
Q: i am buying this house that has tenants in it and the owner we are buying it from has gave them ... A: What you should do is NOTHING until those tenants are out. Your contract probably has already ...
Real Estate Marketing	1/3/2006
Q: My wife and I are thinking about starting a small business. Our idea came about when we remembered ... A: The main purpose of a sign in front of a property is to elicit telephone calls. With a call, the ...
Refund of earnest Money	12/13/2005
Q: We sign a contract to buy condo (in NC) back in August 2005; these condos are being converted from ... A: My first question is who represented you in this transaction? The seller is represented but you ...
Disclosure statement and home inspection	10/15/2005
Q: My fiance purchased a home with the assistance of a large Real Estate company here in Iowa. He had ... A: I am so sorry that such a happy time should be disturbed by unhappy problems! Please contact the ...
Binding Home Contract	8/21/2005
Q: We selling our home buy-owner in Texas, and received two offers on our home this weekend. We ... A: An excellent and important question. Real estate contracts and agreements must be in writing, so ...
Training in Real Estate	7/25/2005
Q: I am a licensed acupuncturist residing in Nashville, TN., interested in learning how to buy/sell ... A: Many of the large, high profile quality real estate companies do not allow some one to sell real ...
Sell our home ourselves?	5/24/2005
Q: We have a "For Sale By Owner" question - as in, should we do it? The problem is, if we hire a ... A: Usually an agent can obtain the highest possible price for a property, based upon their years of ...
Agents	5/24/2005
Q: How does one go about looking for an agent? Are there any keys to look for? Any signs? Thank you. A: If you are considering listing your home, look around and see what top three agents and/or top three ...
public info	3/29/2005
Q: why are the details of real estate transactions considered public information, as evidenced by being ... A: Documents pertaining to the real estate transactions, such as grant deeds, interspousal deeds, deeds ...
public info	3/29/2005
Q: why are the details of real estate transactions considered public information, as evidenced by being ... A: Real estate transactions and the documents pertaining to price, loans, et cetera are contractural ...
selling a restored property	3/2/2005
Q: I am not looking at selling a property in the USA but in Menorca, Spain My husband and I are ... A: but there are not enough time available nor years to tell all that. However, I can tell you that I ...
disclosure	2/21/2005
Q: I'm thinking of listing my home for sale in the near future. I live in Maryland. I renovated my ... A: Yes! Simply state that the basement renovation has no permits. Do you even say if it is or is not ...
correction	2/3/2005
Q: In my previous letter, I may have incorrectly stated the eponym EIFS (External Insulating Finishing ... A: but both terms are not very familiar to me. I guess living in Southern California does not lend ...
insurance/real estate ethics	2/1/2005
Q: An offer on my 2 year old, quality, Montana home was recently withdrawn owing to the comment of an ... A: Randy: I am really almost as outraged as you are!!! I would immediately write a letter to the ...
Real Estate	1/25/2005
Q: What percentage do Real Estate Agents charge to sell houses in the Austin, Texas area? If a Buyer's ... A: I can help you out only partially. Most areas in the country charge a commission fee; each area has ...
Seller responsibilities	12/13/2004
Q: My question concerns an elderly relative that recently sold her home in Pennsylvania. The closing ... A: Gee, Bill, why would anyone be so quick so spend money they might not have to. Once some one opens ...
Seller responsibilities	12/11/2004
Q: My question concerns an elderly relative that recently sold her home in Pennsylvania. The closing ... A: Sorry for the day's delay, but I hope I can point you in the correct direction. Having been part of ...
Buying a home with current tennants	9/16/2004
Q: I made an offer on a condo that has current tennants. I am purchasing the home as my residence - not ... A: You have excellent and important questions! Please check your contract, as many real estate ...
Condo Special Assessments	8/31/2004
Q: I bought a condo about a month ago. I was told that there 'may be' future special assessments coming ... A: You can do a lot!!! Get a copy of the actual paperwork that was sent out to the residents. That ...
legitimacy of house-buyer investors	8/21/2004
Q: There is a local housebuying investment company (in Salem, Oregon)that claims to be the solution for ... A: These companies need to make a profit therefore they pay less than the market value so that when ...
open house	8/18/2004
Q: My friends have recently gotten back into home construcion after a lull of a few years. They have ... A: Firstly, I am surprised that any experienced builder wishes to sell a home before completion. It ...
Renting property	8/11/2004
Q: My mother-in-law has a home in Hampton, Va and she wants to create a new lease for the residents. ... A: You are asking excellent questions, however, most I cannot answer because each and every city in the ...
LEASE WITH AN OPTION TO PURCHASE CONTRACT	8/8/2004
Q: I ENTERED INTO AN AGREEEMENT WITH A PERSON TO LEASE HIS HOME FOR 1 YEAR AND THEN BUY IT. THE ... A: My first thought was to get a real estate attorney's opinion on this one. My next thought is to ...
Earnest Money	7/21/2004
Q: Karyn, Thank you for the help, both now and with our past questions. Kim forwarded your reply ... A: I see no real actual damages other than emotionally. To go further, you should consult a real ...
Earnest Money	7/20/2004
Q: My husband and I were going to sell our home and we had a buyer who requested 60 days to close. ... A: I think you may have been poorly represented. Your agent should have been on top of the situation, ...
Inherited Lease with New House	7/1/2004
Q: My parents just recently bought a house and closed on it the end of May '04. Before closing we knew ... A: As you obviously knew the conditions of the property prior to the close of your purchase, why did ...
House Under Contract	6/16/2004
Q: Followup To Question - My husband and I were made an offer on our home in TN on 06/02. Our agent ... A: I feel so relieved that you have sought help from a professional and reliable source. So, your ...
House Under Contract	6/15/2004
Q: My husband and I were made an offer on our home in TN on 06/02. Our agent was a little apprehensive ... A: Frankly, I think you are not being treated correctly by your agent. Again, call her office owner or ...
House Under Contract	6/14/2004
Q: My husband and I were made an offer on our home in TN on 06/02. Our agent was a little apprehensive ... A: This is really quite complex, and I may not be completely understanding the details. First, I feel ...
Follow-up	5/31/2004
Q: I asked you a question about 6 weeks ago and you gave me great advice. I sold my house so fast it ... A: I had wondered and worried about what was going to happen. I think you are indeed "home free" in ...
Finding a Good Agent	5/31/2004
Q: I am a licensed acupuncturist looking to purchase a 2BR home through a lease purchase option and ... A: To find a good agent you should contact three different companies that do business in the area in ...
verbal agreement	4/19/2004
Q: I apologize for my previous question. It is more of a legal one than real estate. Sorry. A: All real estate agreements and contacts must be in writing. Get a real estate attorney to support ...
verbal agreement	4/19/2004
Q: My previous email is not for your expertise.My apologies. This is more of a legal question. A: Sorry to email you yet again, but according to the AllExperts site, my previous messages were not ...
verbal agreement	4/19/2004
Q: My daughter's boyfirend(now an ex) gave me $4200 to buy a house. Not the down but the move-in cost. ... A: You are correct in seeking a legal opinion. However, my own personal opinion as a real estate ...
First Time Buyer with Budget	3/31/2004
Q: Karyn! To answer a couple of your questions, I am writing a following question/memo. I have been ... A: What do you mean by the statement that your buying power is not too great? If it means that your ...
First Time Buyer with Budget	3/30/2004
Q: I am a first time buyer with pre-approved amount of $120K. I have been trying to get an agent to ... A: I am sorry you have found it difficult to find an agent willing to work with you. Not knowing what ...
question on real estate	3/25/2004
Q: I have several home improvement website I market heavily on the internet, generating 4600-5000 ... A: I would be happy to give this some serious thought, but I need a lot more information. Name of ...
real estate marketing	2/20/2004
Q: marketing homesites Treasure Coast of FL at $600,000, 40ft boat slip included - spec homes from ... A: I wish I knew if you were the developer, builder, agent or one of the investors. If I knew, I could ...
Bringing Homes Up to Code	2/11/2004
Q: I am looking for a source where I can learn what the State of California requires in order to bring ... A: Who told your Mother that she is responsible for bringing her house up to code? Find out, and ask ...
Commission Question	1/15/2004
Q: I own a home with some acreage in upstate NY. I was recently approached by an architect claiming he ... A: I practice in California where it is against the law to give a commission to an unlicensed person. ...
selling to settle estate	11/18/2003
Q: We are currently emptying, cleaning home of deceased Mother, to sell and settle estate. We would ... A: I had the same type of situation last year when my own Mother had died, and I was the executor of ...

All Questions in This Category

Karyn Foley

Top Expert on this page

Expertise

I can answer questions on picking the right agent, marketing properties, contracts, ethics, buyers and sellers responsibilities and fiduciary relationships. I prefer not to answer questions relating to real estate financing.

Experience

I have over 29 years of full time real estate experience in the Southern California area as realtor, assistant manager, education director, and broker. Consistant top producer.

Organizations
Southland Regional Association of Realtors, California Association of Realtors, Calabasas Chamber of Commerce.

Publications
Las Virgenes Enterprise, Calabasas Courier.

Education/Credentials
Bachelor of Science degree, UCLA, licensed real estate broker, graduate realtors institute designation.

Awards and Honors
Trophies and certificates of achievement for real estate production. Training Director, Instructor for the local Board of Realtors, Member of local Board's Grievance Committee. Chamber of Commerce Community Service Award, one of the founders of the City of Calabasas, elected to the first Calabasas City Council, first woman mayor of Calabasas, former Regional Representative to Southern California Association of Governments.

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