| Subject | Date Asked |
|
| LIFE ESTATE | 9/5/2008 |
Q: MY BROTHER IN LAW HAS A LIFE ESTATE. HIS BROTHER TRICKED HIM INTO SIGNING A QUIT -CLAIM A NUMBER OF ...
A: You're going to have to be more clear on the relationships in your question, Bobby. It seems like ...
|
| Septic System | 9/1/2008 |
Q: I am looking at purchasing a house in rural Dunn County, Wisconsin. The house is an older house, ...
A: No, Jake, if that house is being sold to live in. Just ask your county health department. They would ...
|
| selling 1/2 of house | 8/29/2008 |
Q: My x wife recently died and the house we co-owned now belongs to her new husband and I. I was ...
A: I suppose that is possible, Jack, but you have to realize there is so much more involved than simply ...
|
| House Sale/Termite Damage | 8/28/2008 |
Q: my sister is 73 years old and lives in Ohio. She had to sell her house last summer, her husband is ...
A: I am sorry your sister is having problems now that her attorney said don't do anything. She could ...
|
| House Sale/Termite Damage | 8/28/2008 |
Q: my sister is 73 years old and lives in Ohio. She had to sell her house last summer, her husband is ...
A: Apparently in Ohio they do not have a mediation clause in the sales contract. Here in California, we ...
|
| life estate | 8/27/2008 |
Q: My 85 year old mother moved from her home in GA to a house I owned free and clear in FL. I gave her ...
A: Your mother is losing her mind, Brenda. There is no way she can sell your house no more than she can ...
|
| Construction Home | 8/23/2008 |
Q: I saw a home today that looks almost complete; but abandon. NO address, like to learn who owns it ...
A: My recommendation, Jim, is to, for now, just keep your eye on it. If you see any change to the ...
|
| I owe too much and want a real house | 8/17/2008 |
Q: I need to know how to get out of my mobile home and into a real home. I owe 40,000 on a mobile home ...
A: I figured that would be the case, George. Typical. Just get yourself a good credit buyer and the ...
|
| I owe too much and want a real house | 8/17/2008 |
Q: I need to know how to get out of my mobile home and into a real home. I owe 40,000 on a mobile home ...
A: My guess is that you can rent out the mobile home. If you would walk away from it and let the bank ...
|
| Getting cash out or selling half to my brother | 8/16/2008 |
Q: I own w housed on a lot. My brother lives in one building and we rent out the other. We purchased ...
A: I favor the first choice, Jo. How is it that your brother pays everyting to maintain the property? ...
|
| house in commercial zone with non-homestead taxes | 8/15/2008 |
Q: I am looking to buy a house that will be used as a residence, but is located in a commercial zone. ...
A: One has nothing to do with the other, Mayra. The IRS would instruct you to use whatever percentage ...
|
| downpayment | 8/15/2008 |
Q: Dick, THanks for taking my question. My wife is trying to sell her parents home that was willed to ...
A: I would tell the buyer, "Too bad. If it wasn't in writing, then it was not part of the transaction." ...
|
| Buying/selling 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: You're not going to find anything on the Internet upon which you can rely. So forget that idea, ...
|
| Lien | 8/7/2008 |
Q: My husband and I just purchased a home from a builder here in North Carolina. Everything went ...
A: He is trying to hoodwink you, Sally. This matter calls for a REAL ESTATE attorney right away because ...
|
| title mess | 8/6/2008 |
Q: Howdy, from Texas! My Mom died in 1997. She named my Dad as primary beneficiary/executor. She left ...
A: Sorry, Jonathan, but what do you mean by "clear title?" If the house is already in their names, they ...
|
| Dispute over who owes taxes | 8/5/2008 |
Q: My unlce recently paid off his home which he was buying on contract from his friend. Now that the ...
A: Assuming your uncle lived in the property from day one of his agreement, Penny, and treated the ...
|
| Quitclaim deed | 8/4/2008 |
Q: My Dad is 80 yrs. old and very ill. Two years ago I talked him into buying a house together, that ...
A: Christine, what you don't want to happen is for someone in the future to say you took advantage of ...
|
| Quitclaim deed | 8/4/2008 |
Q: My Dad is 80 yrs. old and very ill. Two years ago I talked him into buying a house together, that ...
A: Since the house is now in your dad's name, Christine, yes, he can give you a quit-claim title to the ...
|
| liens in foreclosure | 8/2/2008 |
Q: My x husband is trying to sale a house, There is a lien on it for back child support in the amount ...
A: Chances are, Donna, your divorce attorney put a lien on your husband. That means anything of value ...
|
| Counter Offer under contract | 8/1/2008 |
Q: I am under contract for a property in Florida. I have inpsected the property and have determined ...
A: If the seller recompenses you for the cost of the architect's report, then you can make his report ...
|
| Counter Offer under contract | 8/1/2008 |
Q: I am under contract for a property in Florida. I have inpsected the property and have determined ...
A: By submitting a counter offer at this time, Pam, you have, in effect, cancelled your present ...
|
| Earnest money | 7/31/2008 |
Q: This has a lots of twists and turns, so I hope you can follow me! We, the sellers, have been under ...
A: This is what I would do, Kati: I would say, "Hold it! Let's start this ballgame all over again. Ms. ...
|
| agent contract to sell | 7/30/2008 |
Q: I signed a contract with an agent to sell a home in Washington state 2 1/2 weeks ago. I have ...
A: You go to your agent and ask that same question, Deanne. He/she may say that advertising money has ...
|
| purchase of lot | 7/26/2008 |
Q: My husband and I were in the process of purchasing a lot from a homeowner we spoke with them 3 or 4 ...
A: Number one, apparently, Kristia, the property must be in the northern half of this country, or maybe ...
|
| Foreclosure homes and Realtor Fees | 7/22/2008 |
Q: it falls on the buyer, is that correct?
A: Not necessarily, but that is the way it should be in my eyes. If the buyer does pay his Realtor ...
|
| Required to give out personal information to view a model home? | 7/21/2008 |
Q: Recently a friend and I wanted to tour some model homes while visiting the Poulsbo, WA area in ...
A: I'm not aware of any such law in ANY state, Stephanie. They obviously want that information so they ...
|
| short sale | 7/21/2008 |
Q: .. I have a home in Naples Florida....I bought for 213k in 2004, and tapped equity in 2006 at 75% of ...
A: Now I understand a little better, Christina. This is the way it should go down: B is buying A's ...
|
| short sale | 7/21/2008 |
Q: .. I have a home in Naples Florida....I bought for 213k in 2004, and tapped equity in 2006 at 75% of ...
A: You are not too clear, Christina, but I will try to answer the best I can based on the "information" ...
|
| Las Vega, nv | 7/20/2008 |
Q: My home is already in default. I'm in the process of going through a divorce. The home loan (Chase) ...
A: The way I see it, Mark, is as long as the HELOC is NOT a lien on your house then you can continue to ...
|
| Find a lender that will do a loan on land equity | 7/19/2008 |
Q: Dick I currently have a 2.5 acre parcel of land and need to borrow from the equity in it to pay on a ...
A: This is a matter for a bankruptcy attorney, Jeff. You need to do a chapter 7 where you do not have ...
|
| getting out of a contract | 7/19/2008 |
Q: we are under contract to buy a home in NJ and are supposed to close the second week in august. ...
A: If your attorney (hopefully he/she is a REAL ESTATE attorney) says there is no hope, Mary, I ...
|
| construction contract/cancel broker | 7/17/2008 |
Q: My husband and I are about to close on a house that we have had built. In a moment of 'what were you ...
A: Forget it, Kathy. It's even in the law books, even Oklahoma's: In real estate, if it is not in ...
|
| sell of exchanged residence | 7/16/2008 |
Q: We did a 1031 exchange from a ranch to a residence in March of 2006. We rented the residence for 2 ...
A: You need to have owned the residence that you obtained through a 1031, Bob, at least five years and ...
|
| Selling house in Virginia to mother in law | 7/15/2008 |
Q: I just built my own house and will be selling our previous house to my mother in law. We are trying ...
A: Other than regular closing costs, Reid, I am not aware of sales tax on the sale of real estate, ...
|
| realtor contract | 7/15/2008 |
Q: We have signed a three-month contract that runs out July 31, 2008. Do we have any further ...
A: Near the top of the listing agreement, Bryan, was an emply space in which your agent placed a ...
|
| We are in pre-foreclosure stage with HOA fee issues | 7/15/2008 |
Q: Dennis, I have read many of your postings to get some of my questions answered, but I would be ...
A: If I were him, Jennifer, I wouldn't pay another dime to anyone. Nobody can hurry up a foreclosure ...
|
| 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: I do not know, Crystal. The sale of a mobile home not connected or including land is considered ...
|
| Upside Down Home | 7/13/2008 |
Q: I live in CA. We purchased a home in 2005 for $525,000.00. The original loans were 100% financing, ...
A: Before I say anything else, Christina, I will reproduce an article from my the last issue of my ...
|
| Tax liens | 7/10/2008 |
Q: I am a Realtor representing a buyer and was suppose to close on a REO property 2 weeks ago BUT the ...
A: First of all, Chris, you gotta check with the title company to make sure that the tax lien has been ...
|
| Texas Mobile Home - | 7/8/2008 |
Q: My husband I purchased 5 acres with a 2001 mobile on it. We bought the property with the intent to ...
A: The DMV will have your answer, Cheryl. I am really surprised that your real estate agent and lawyer ...
|
| Texas Mobile Home - | 7/8/2008 |
Q: My husband I purchased 5 acres with a 2001 mobile on it. We bought the property with the intent to ...
A: You bought it from SOMEBODY. Whoever handled the sale must know where the previous owner lives. If ...
|
| Trading Home | 7/7/2008 |
Q: Is there a way to trade my current home for another home that is for sale. The home for sale is a ...
A: Yes, Kristina, but it is not likely in this slow market. You can try however, but you would need a ...
|
| Considering a Corner Lot Property | 7/6/2008 |
Q: I'm considering buying a four-year-old former model home that's located on a corner lot at the ...
A: There are too many unknowns, Lynn. There are too many questions that need to be settled before you ...
|
| survey~ Non disclosure MESS | 7/6/2008 |
Q: When I bought, the adjacent lot (owned by the same seller) was also for sale, and I chose not to ...
A: Yes, Michele, all this wouldn't have happened if your real estate agent knew what she was doing. My ...
|
| Seller's Protection at Closing | 7/5/2008 |
Q: I was about to close on the sale of my house in Massachusetts when the title search discovered that ...
A: No, I have never experienced such an occurance in my 37 years as a real estate broker, BJ. However, ...
|
| Nondisclosure and house making family sick | 7/3/2008 |
Q: My husband and I (he's active duty military) bought a home in San Diego 4 years ago for $385,000 for ...
A: If your attorney only got you $400,000, S'te, I would strongly suggest you find an attorney who ...
|
| foreclosures in omaha nebraska | 6/27/2008 |
Q: i actually have several questions...i am interested in buying a foreclosure in good condition in the ...
A: I'll answer the 2nd question first, Mikala: Apparently your flood insurance you had was ...
|
| after floclosure | 6/26/2008 |
Q: I lost my house the bank took it. and know the bank send me to collection and they want me to pay ...
A: Yes, Rose, they can at least try that. It doesn't mean they'll get it. You see, when they ...
|
| Selling a house while in chapter 13 repayment | 6/24/2008 |
Q: My parents have been repaying their chapter 13 for about a year. I am wondering how difficult it ...
A: Yes, Erin, this is a tough situation all right. If your parents have been paying on a chapter 13 ...
|
| buying foreclosure land | 6/20/2008 |
Q: I appreciate you answer my question about legal description. By my understand, legal description are ...
A: No, you really do not need the "legal description," Shu Yan, when you have an accurate map of the ...
|
| selling a home in Texas | 6/19/2008 |
Q: My husband's name is the only one on the mortgage, but both of our names are on the deed. ...
A: Only a divorce attorney can do that with legality, Heidi. My suggestion therefore would be for the ...
|
| selling a home in Texas | 6/19/2008 |
Q: My husband's name is the only one on the mortgage, but both of our names are on the deed. ...
A: When you sell the house, there is no reason why your husband AND YOU have to sign anything on the ...
|
| selling a home in Texas | 6/19/2008 |
Q: My husband's name is the only one on the mortgage, but both of our names are on the deed. ...
A: If the house is going to be sold, Heidi, they are going to need your signature. However, you are not ...
|
| Foreclosure Sale | 6/17/2008 |
Q: I Recently won an auction for a home at a foreclosure sale. The sale is pending court approval set ...
A: Disregard any and all other liens and sales, Sandra. The first mortgage, from which you bought the ...
|
| Problem with buyer not moving the maunfactured home | 6/17/2008 |
Q: I sold a manufactured home to a buyer, but they are having problems with their movers, and it's been ...
A: That's why you have to see an attorney. He/she will write you a legal notice to the buyer advising ...
|
| Problem with buyer not moving the maunfactured home | 6/17/2008 |
Q: I sold a manufactured home to a buyer, but they are having problems with their movers, and it's been ...
A: It depends what it says in your purchase agreement, Jan. Of course, you should have had a statement ...
|
| HUD 1 form!! | 6/13/2008 |
Q: I pretty sure you have been asked this question before, but here it is again. I brought a co-op in ...
A: I don't know from which country you are from, Michelle, but I am sure the word you meant to use is ...
|
| HUD 1 form!! | 6/13/2008 |
Q: I pretty sure you have been asked this question before, but here it is again. I brought a co-op in ...
A: When you own a co-op, Michelle, you do not own real estate. Your name is not on the property. You ...
|
| Mobile home on personal property | 6/12/2008 |
Q: About a year and a half ago,I sold a mobile home and 5 acres. The mobile home title is being held ...
A: Unless the mobile home was destroyed in a fire or other manner, they were not permitted to separate ...
|
| property line | 6/12/2008 |
Q: I bought my house in November of 1999. There was an empty lot next door. Someone bought the lot in ...
A: This is a common occurance, Jeff, especially out in the boonies or when there are empty lots next ...
|
| deeds/homeownership | 6/11/2008 |
Q: If a person applies for a homeloan and house has no mortgage but owner can't locate deed; how does ...
A: Somewhere in the dusty archives of your county recorder, Helene, is the title to the house to which ...
|
| non disclosure of construction defect | 6/10/2008 |
Q: i bought a condo 2 1/2 yrs ago, and in the sale their was no mention of a construction defect in ...
A: While I agree with the attorney (I hope it was a real estate attorney), there should have been a ...
|
| Radon | 6/9/2008 |
Q: Dick, I have a contract to sell my house and the buyer did a radon test and the levels came up at ...
A: Just a matter of choice, Liz. It all depends on the situation and the transaction. One thing that is ...
|
| cosigning | 6/8/2008 |
Q: I have been dating my boyfriend for almost three years and have lived with him for over two. We ...
A: You're a smart girl, Whitney. I've been answering these questions for AllExperts.com for six years ...
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| Radon | 6/7/2008 |
Q: Dick, I have a contract to sell my house and the buyer did a radon test and the levels came up at ...
A: You don't say where you are located, Liz, but I have seen it happen too many times --- where the ...
|
| Radon | 6/7/2008 |
Q: Dick, I have a contract to sell my house and the buyer did a radon test and the levels came up at ...
A: Sounds like you have a stubborn buyer all right. And as long as you have abided by the contract, it ...
|
| Title Search on family acreage | 6/6/2008 |
Q: If you are unable to answer my question, I hope you can direct me to another source. I'm very new ...
A: Yes, you can do that. But don't expect it to be free. At the county records department you can do it ...
|
| Title Search on family acreage | 6/6/2008 |
Q: If you are unable to answer my question, I hope you can direct me to another source. I'm very new ...
A: The very first thing you must do, BJ, is to contact a GOOD REAL ESTATE attorney. This process is not ...
|
| Best to buy a new or older home? | 6/6/2008 |
Q: My brother and I both plan to buy homes in the Las Vegas area next spring (I am also considering the ...
A: You don't just go into an area with a general idea what kind of home you want. You go into an area ...
|
| mortgagenotes | 6/4/2008 |
Q: how do you find private mtg. notes?
A: In this present kind of real estate market, Felix, it will be difficult to find private mortgage (or ...
|
| selling a condo | 6/4/2008 |
Q: I am currently in Chapter 13 and would like to sell my condo. Who would I contact?
A: You should contact and talk with your attorney who will advise what you should do in your situation, ...
|
| new home contract | 6/3/2008 |
Q: Dick, I signed a contract for a new home to be built in VA 7 days ago. I was going to relocate back ...
A: Finding a buyer for the house does indeed seem like your only route, Adam. However, there is another ...
|
| Buying a home from a family member | 5/31/2008 |
Q: My mother is getting ready to downsize from our large family home to a smaller, more manageable ...
A: First of all, Beth, is there any other siblings in the picture? If there is, maybe they have ...
|
| REO's | 5/30/2008 |
Q: My husband and I are currently selling our home - it is in escrow- and we are in the process of ...
A: That's the way the market is these days, the banks just don't want to mess with anyone who has ...
|
| buying a second home | 5/28/2008 |
Q: Mr. Dennis, I bought a condo a little over a year ago (bad move i know)But i would now like to buy a ...
A: Most Realtors® have a list of bank owned houses or a lead to a foreclosure or pre-foreclosure, Mike. ...
|
| Quickclaim/abtract judgement | 5/27/2008 |
Q: I have an abstract judgement for child support filed against some property that my ex owns. He is ...
A: You definitely need to see your attorney, Mary. First of all, your attorney can reverse that ...
|
| life state and a mortgage | 5/27/2008 |
Q: I transfer the title of my property to my son and I have a life state in it. I learn lately that he ...
A: The fact that he was able to get a mortgage is proof enough that he was legally able to put a ...
|
| buying on land contract | 5/25/2008 |
Q: My husband and I have found a home for sale by owner for which the seller has agreed to hold a land ...
A: What you describe, Sue, is ideal for a LEASE-OPTION. The reason why you may not want a land contract ...
|
| selling a deed w a life estate | 5/24/2008 |
Q: I would like to sell the deed to a property that I gave a lie estate to my uncle. Is it possible to ...
A: Yes, it is possible to sell a house encumbered with a life estate, BJ, but would YOU be willing to ...
|
| Gift of equity nonrelative | 5/24/2008 |
Q: My daughter is purchasing a home from a non-relative for $65,000 an amount that is approx.55K ...
A: Your daughter could be considered executing a fraud with the seller aiding and abetting, Karl. She ...
|
| proper questions to ask when considering to buy real estate | 5/22/2008 |
Q: I am intrested in buying residental apartment buildings and I would like to know what questions I ...
A: Residential apartment buildings is hard work, Howard. Once you have bought your first units, I hope ...
|
| 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: What investigator, Hector? Based on what you told me, you should have done your investigation about ...
|
| owe too much on mobile home | 5/19/2008 |
Q: We want to sell our mobile in a park. We owe about $26,000. It is in a park where people are leaving ...
A: My guess, Nikki, is that no matter to where you move, you will pay more each month than what you are ...
|
| Buying a home from a Family Trust | 5/19/2008 |
Q: What exactly does the term "Family Trust" refer to when purchasing a home? Are there any particular ...
A: The idea of a "Family Trust" is a maneuver by the owner (Family) to protect against probate more ...
|
| searching title history-lien | 5/14/2008 |
Q: mr. dennis, thank you for the time you spend on this site. i have read several of your past ...
A: First of all, Victor, I hope your mother either deeded her house over to you so you could sell it ...
|
| Earnest Money | 5/13/2008 |
Q: We were going to buy a house but the inspection turned up an issue with the roof. The seller's ...
A: As long as your original offer did say that you, as the buyer, had the right to cancel the ...
|
| selling with a contract | 5/8/2008 |
Q: can i sell my house on contrcat if i still have a mortage on it. i live in illinois
A: I would recommend you talk with a REAL ESTATE attorney how it is best in ILLINOIS, Bob. Otherwise, ...
|
| free pre-foreclosure/foreclosure listings | 5/7/2008 |
Q: I live in Indiana and I was wanting to know if there is any websites where you can find ...
A: Yes, Jack, but I don't think you'd be interested because it takes a lot of work and research. First ...
|
| add name to title | 5/6/2008 |
Q: I live in Las Vegas NV. I was hoping you might be able to help. I was told that since I was the ...
A: Yes, Eric. Adding names to property titles is done all the time. Just be aware that you alone will ...
|
| Upside down mortgage and Loan Modification | 5/2/2008 |
Q: Dennis, First thank you very much on your help. I read you answers on 2nd mortgage and you ...
A: Have you ever played poker, Dean? Of course you have. If you are half a decent player you know what ...
|
| Upside down mortgage and Loan Modification | 5/1/2008 |
Q: Dennis, First thank you very much on your help. I read you answers on 2nd mortgage and you ...
A: Very simple, Dean. Just stop making any payments whatsoever. You'll be able to live there for at ...
|
| Mobile Home Sale | 4/30/2008 |
Q: I am trying to help my mother sell her double wide mobile home. It sits in a mobile home park in ...
A: Usually, Shane, at least here in California, a mobile home broker will sell mobile homes and most ...
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| Mobile Home Sale | 4/30/2008 |
Q: I am trying to help my mother sell her double wide mobile home. It sits in a mobile home park in ...
A: You don't say who owns the lot on which your mother's mobile home sits, Shane. If she pays rent on ...
|
| creative real estate investing | 4/25/2008 |
Q: Dick, I came across a summary of Robert G. Allen challenges so I thought you might be interested in ...
A: That story about him challenging diffent city's mayors to put money in the pockets of people who ...
|
| Construction loan question | 4/25/2008 |
Q: I recently purchased vacant land with a construction loan to build a home. Because of the fact that ...
A: You might try to put the whole package together, loan, land and plans, etc., and sell it at a very ...
|
| creative real estate investing | 4/25/2008 |
Q: Dick, Robert G Allen has a convincing story about teaching people to buy property with no money down ...
A: There is no doubt that he did what he said he did, and I have done it a few times without taking him ...
|
| Obtaining a Deed | 4/23/2008 |
Q: My husband inherited a mobile home and some land in town. (Texas) It has been owned by him since ...
A: In Texas, Anne, you may use a title company (I am sure your sale is being handled through a title ...
|
| 2nd mortgage | 4/22/2008 |
Q: I lost my job and have a first mortgage worth 40,000 and a second worth 15000. I have been paying on ...
A: If the first mortgage is willing to accept the deed in lieu, Brad, then you probably should do it. ...
|
| 2nd mortgage | 4/22/2008 |
Q: I lost my job and have a first mortgage worth 40,000 and a second worth 15000. I have been paying on ...
A: I will address each point as you presented them, Brad. In order for them to fit you into the monthly ...
|
| cancel contract | 4/22/2008 |
Q: I have signed a contract to sell my home with a realtor on 04-19-2008 at my residence. I decided on ...
A: It is strongly recommended that you counsel with a REAL ESTATE attorney to protect your interests, ...
|
| 2nd mortgage | 4/21/2008 |
Q: I lost my job and have a first mortgage worth 40,000 and a second worth 15000. I have been paying on ...
A: That's a complete waste of money, Bradley. What is going to happen is that the second mortgage will ...
|
| Buyer for our home lost mortg commitment a week before the closing date | 4/14/2008 |
Q: We listed and sold our home, we thought, in 2007. The buyers for our home lost their mortgage ...
A: Keep on looking for a good REAL ESTATE attorney. If everything you stated is true, a good attorney ...
|
| Please Help Fast. | 4/12/2008 |
Q: My boy friend and I just started buying our first house. In the start we had a verbal agreement that ...
A: 7 months is as bad as 7 years. I wouldn't have accepted all that in 7 minutes. You will have to ...
|
| Co-Op with a land lease | 4/10/2008 |
Q: I am considering a Washington DC co-op that has 50 years remaining on a land lease. The building ...
A: John, I would recommend you look up and contact a Realtor who is registered as a CCIM (Certified ...
|
| Please Help Fast. | 4/9/2008 |
Q: My boy friend and I just started buying our first house. In the start we had a verbal agreement that ...
A: Now you make it sound even worse, Kylee. It is obvious you have lived in the property for several ...
|
| Please Help Fast. | 4/8/2008 |
Q: My boy friend and I just started buying our first house. In the start we had a verbal agreement that ...
A: It's most likely to be your very last question. Some people have to get their education through ...
|
| Canceling a transaction | 3/31/2008 |
Q: We've just put a 10K deposit down on a home in Ontario. We have not yet had an inspection, but have ...
A: You don't say at what point you are in the transaction, Mary. Are you near the end which means you ...
|
| Need to sell my manufactured home!! | 3/25/2008 |
Q: We listed our manufactured home that is almost 5 years old with a real estate agent. She is very ...
A: Assuming the real estate business is not doing too well in your area either, Brenda, you might want ...
|
| Need to sell my property and mobile | 3/25/2008 |
Q: Dick: My husband and I live in Index,Washington, a great mountain town nestled in the Cascade ...
A: Probably the most glaring negative fact, Megan, is that 1964. At that age, mobile homes have very ...
|
| realtor's liability | 3/20/2008 |
Q: dick, We bought a home an yearand a half ago using a realtor who is the chairman of board of ...
A: That's really rare that the chairman of the Board of Realtors would be so neglectful, Fera. There is ...
|
| splitting and selling a duplex | 3/20/2008 |
Q: I currently own a duplex building. I live in side "A" and i rent out side "B" next door. Both sides ...
A: Most likely, Lee, there is a local law not permitting the splitting of a duplex, especially if there ...
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| Purchasing a home from a trust | 3/17/2008 |
Q: Is it possible to purchase a home that is in trust? I have the opportunity to buy a home from the ...
A: As long as he is the trustee of that trust, Bruce, he should have no problem transfering the ...
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| urgent...Frustrated | 3/17/2008 |
Q: what can i do with my situation?my realtor doesn't help any.From the day of closing on a Fri. by ...
A: Since I am not able to read the letter, Tammy, I strongly suggest you take it to a REAL ESTATE ...
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| Assistant Living Property | 3/16/2008 |
Q: What do I have to do to convert a residential property to an assistant living home. I heard about ...
A: No, Rashad, I am not familiar with ASSISTED living homes. However, I suggest you ask someone in your ...
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| Grand-mother's home | 3/3/2008 |
Q: My Grandmother has been in a nursing home for one year and is still living but she will not be able ...
A: I assume, Nash, that the nursing home took your grandmother's house as payment for the nursing and ...
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| 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: You are not trying to go at it in a threatening way? Jewel, what do you think Ryan Homes did? If ...
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| home sale disclosure fraud | 2/24/2008 |
Q: on the disclosure it said there were known water problems but since we have been in the house there ...
A: Based on what you disclosed to me the owner DID say there were known water problems. But he didn't ...
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| How much will taking a short sale lower your fico score | 2/24/2008 |
Q: Do you have to continue to make payments once you put your house for a short sale? How many points ...
A: It is presumed that you are in preliminary steps toward losing your house to foreclosure when you ...
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| Do I need a realtor? | 2/21/2008 |
Q: My wife and I have been looking at homes to buy for about a month and have done this on our own. We ...
A: Like I said previously, odds are you were dealing with an incompetent Realtor. (By the way, the term ...
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| Do I need a realtor? | 2/21/2008 |
Q: My wife and I have been looking at homes to buy for about a month and have done this on our own. We ...
A: You go right ahead and try to handle the whole process of buying a house yourself, Jordan. As long ...
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| Preforeclosure | 2/21/2008 |
Q: Just a quick question! I put an offer in on a preforclosure home. I know that the bank has gotten ...
A: Probably not, Darlene, because the other person is going to get a loan that will wind up giving the ...
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| forced partition | 2/14/2008 |
Q: I own a home with my ex,I say ex because kicked me out of my own home. She then removed all my ...
A: You left some words out, Lani, but I'll do what I can. You say you have a $300,000 home, but you ...
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| First time investing | 2/6/2008 |
Q: My name is Chris and I recently posted on here a few weeks ago looking for some help with some ...
A: First, Chris, you should have a very good inspector to check out the entire property BEFORE you buy ...
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| home did not appraise | 2/4/2008 |
Q: We are currently in escrow with a house we offered 1,098,000. (This was after they countered us) ...
A: Strike Three! You have three things working against you, Omar. 1. You are attempting to buy the ...
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| Adding a family family to the title | 1/19/2008 |
Q: I am the only person on the title and on the mortgage loan of my primary residence. I would like to ...
A: This should not trigger a reassessment of your property value, Gin, especially in today's market. I ...
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| non-disclosure of septic tank problem | 1/18/2008 |
Q: In July 2007 we put an offer in on an old house near the water. Our realtor told us that the vendor ...
A: It is obvious to me, Gia, that EVERYBODY was so interested in getting paid no one had the guts, ...
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| life estate deed | 1/14/2008 |
Q: my brother (grantor),signed a life estate deed to his step son(grantee),and now he plans on starting ...
A: Each state has its own nuance in handling a life estate, Andy. Since this is definitely something a ...
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| short sale | 1/9/2008 |
Q: Dick, Hi, I had my realtor put in an offer on a short sale listing on December 8, 2007. Our realtor ...
A: I don't know where you live, Kirk, but one thing you are going to have realize is that "he who acts ...
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| earnest money question | 1/8/2008 |
Q: I put $3000 down for earnest money back in May of 2007 to build a home. I was told at the time to ...
A: The next time you are ready to buy a brand new house from the builder, you will bring the paperwork ...
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| need to get out | 1/7/2008 |
Q: How should we go about trying to sell our property as commercial since the property right next store ...
A: What you need to do, Idweedsport, is to hire a REAL ESTATE attorney who has expertise in appoaching ...
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| The family home | 1/2/2008 |
Q: Sir, I have been home from college since 2001. I came home to help my grandmother financially, and ...
A: The way you should handle this, John, is for you to take the necessary steps to have to house given ...
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| residential to commercial zoned property | 12/24/2007 |
Q: sorry to bother you again.my e-mail said there was a reply, but i have not located it.my question ...
A: Like any FSBO situation, Gary, you must be aware of everything regarding the property (make sure you ...
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| Ownership after marriage | 12/22/2007 |
Q: Dennis and thank you for taking my question. I own a house in CA and I will be getting married ( 2nd ...
A: Here in California, Dina, we are a Community Property state. There are nine community property ...
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| foreclosure | 12/14/2007 |
Q: ..I was wondering why most lenders don't want to help refinance people when they are in the ...
A: I suggest you ask around. Ask several mortgage brokers if what the president said in their new ...
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| Buying Mom's House | 12/13/2007 |
Q: Dennis, My husband and I will be purchasing my Mom's house and also the home next to her. I live in ...
A: First thing YOU MUST DO before you do anything else is to consult with a CPA or Tax expert to make ...
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| foreclosure | 12/13/2007 |
Q: ..I was wondering why most lenders don't want to help refinance people when they are in the ...
A: Lenders are in some hot water right now with all the shenanagans they've been playing with borrowers ...
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| purchasing a bank owned house | 12/11/2007 |
Q: I would like to buy a house thats with the bank according to the one of the web site. How I should ...
A: Chances are it is a first mortgage, Gayatri. However, I recommend you use the real estate agent that ...
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| Purchasing a Bank Owned House | 12/10/2007 |
Q: I am looking to purchase a house that has been sitting 80% finished for about 6 - 8 months. The ...
A: First, you must have good FICO numbers. Then you must actually own the property after you have ...
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| Mortgage Woes | 12/8/2007 |
Q: I am currently serving in Afghanistan. I recently applied for a mortgage and was turned down. I ...
A: It would seem to me, Cory, you should be taking the matter to Military attorney or JAG. This will ...
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| Contract question | 12/7/2007 |
Q: I contracted to buy a house with a contractor and now I want out for several reasons. I want to know ...
A: Since I have not read your contract, I can only be general, Will. Keep this in mind: Never, never, ...
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| Sewer vs. Septic | 12/7/2007 |
Q: We are looking to build a new home here in Mississippi. We live in a subdivision that is on sewer, ...
A: What you need to do, Julie, is to do some investigation. Do enough detective work to the point that ...
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| Home Purchase Nightmare | 12/6/2007 |
Q: Okay, so I'll try to make a long story short. My husband and I signed a purchase agreement on a home ...
A: On your purchase agreement there is a clause that stipulates that if you do not qualify for your ...
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| Buying a Foreclosure. | 12/6/2007 |
Q: I am in the process of buying a bank owned property. I have made my offer and they have accepted ...
A: Chances are, John, that you will come out of this WITHOUT a house from THAT bank. If you have read ...
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| Buying a House in Trust | 12/6/2007 |
Q: Mr.Dennis, My mother passed away six months ago. My brother and I are the only heirs, and he ...
A: First of all, Phillip, the listing that was signed with the Realtor who has that listing ...
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| booting another co-owner? | 12/4/2007 |
Q: my husbands grandpa passed away almost 3 years ago. my husband was written into a will (37.5%), ...
A: Since you do not say in which state the property is located, I STRONGLY suggest you consult with a ...
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| breaking up and selling our house | 12/3/2007 |
Q: me and my boyfriend have broken up and are wanting to sell the house. Both of our names are on the ...
A: I'm not exactly sure I understand what I can do for you, Nicola. Very simply, if you are breaking ...
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| Need ask about earnest money! | 12/2/2007 |
Q: My wife and I went to shop the new house and chose the Plantation Homes Builder just one week ago. ...
A: If you are concerned with the law in Texas, Steven, I recommend you have a REAL ESTATE attorney ...
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| Disclosure Law | 11/27/2007 |
Q: Is there a statue of limitations[time limit]on suing for failure to disclose a plumbing problem? I ...
A: The only statute that would apply from what I can see is fraud, Chuck. Fraud does not have a time ...
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| transfer the title | 11/26/2007 |
Q: My husband bought a home and paid for it in cash but instead of putting the deed in his name, he put ...
A: Can't figure out why he would want to do it that way. Now he has to get his mother's signature on a ...
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| Really Big mess. | 11/20/2007 |
Q: My parents helped me purchase a starter home by co-signing on the mortgage.Their names were not on ...
A: As far as I understand, Victor, it's not going to cost her anything by giving you her share of the ...
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| Really Big mess. | 11/20/2007 |
Q: My parents helped me purchase a starter home by co-signing on the mortgage.Their names were not on ...
A: Some of us learn by going to school, Victor. And some of us learn by life's experiences. When it ...
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| Rescinding a quit claim deed | 11/19/2007 |
Q: I quitclaimed on a home years ago, in lieu of that person re-financing the home into their name. ...
A: Just because you quit-claimed a property to someone doesn't have anything to do with the loan that ...
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| ownership with son & his wife | 11/15/2007 |
Q: My husband and I bought a new house in March. We put the old house on the market, but our son got ...
A: You like to play with fire, don't you, Phy? Go to a title company and ask them to fill out a ...
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| deed stipulations | 11/14/2007 |
Q: Hopefully you can offer me some additional insight. I am currently in the process of purchasing a ...
A: This matter should be presented to a REAL ESTATE attorney even though what the seller is requesting ...
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| refusing to payback earnest money deposit | 11/8/2007 |
Q: We approached Beazer homes to buy a new home in early Jan 2007. We signed up with them in February ...
A: Since the amount is $4,000, being less than the small claims court limit, you should file a small ...
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| Selling | 11/7/2007 |
Q: My name is on the deed with my Mom..currently she is in a nursing facility. If it comes to having ...
A: This sounds like on something an ESTATE attorney can advise, Dennis. You have not said HOW you hold ...
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| signing deed | 11/2/2007 |
Q: I signed over a property that was left for me in a will. I was deceived by my attorney who told me ...
A: Based on what you said, Jon, this is not a real estate matter but a lawsuit against an attorney who ...
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| What to do when I want to relocate? | 10/28/2007 |
Q: I am thinking of relocating out of CA in late 2008 to early 2009. What are my options for the ...
A: Based on the information I have, the sale of your condo was made on November 10, 2003 and it closed ...
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| What to do when I want to relocate? | 10/26/2007 |
Q: I am thinking of relocating out of CA in late 2008 to early 2009. What are my options for the ...
A: I live about 44 miles from your property. Let me know what the unpaid loan balance is and the ...
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| Canceal a purchase on a mobile home! | 10/26/2007 |
Q: I have a problem I have moved to Washington State on June 2007. I was interested in purchasing a ...
A: He is bluffing you, Gerrianne. If you choose to walk away from it, you certainly may. But you will ...
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| Canceal a purchase on a mobile home! | 10/24/2007 |
Q: I have a problem I have moved to Washington State on June 2007. I was interested in purchasing a ...
A: This is not a real estate question, Gerrianne. It is a Dept. of Motor Vehicles question. However, ...
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| condo disrepair | 10/17/2007 |
Q: Nearly 3 years ago, I purchased a just built condo unit from a law firm. I was the first resident ...
A: The attorneys no darn well they are at fault and all they can do is to keep sending repair guys. You ...
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| getting deposit back from builder | 10/7/2007 |
Q: We foolishly signed a contract to have a house built last Spring for a house that was/is WAY too ...
A: In almost every purchase agreement, Kathy, is a contingency that says if the buyer does not qualify ...
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| Selling Home | 10/2/2007 |
Q: I am selling my home today. I am a little concern about the information presented in the deed and ...
A: It is obvious to me that the perosn who filled out those forms is not an attorney nor a Realtor, ...
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| 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: The subject of your question is Quitclaim issue, yet there is no mention about quitclaim anywhere in ...
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| Contract on Real Estate | 9/30/2007 |
Q: Mr. Dennis, My husband and I went into contract with a house in Arkansas. We are to close on the ...
A: Yes! A real estate lawyer. You are going to have to sue for "specific performance." I do not ...
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| EXCLUSIVE RIGHT TO SELL | 9/28/2007 |
Q: MY WIFE AND I DECIDED TO GET DIVORCED AND PART OF OUR ARRANGMENT WAS THAT SHE WOULD SELL OUR HOME ...
A: In any state, Brian, a listing agreement is not valid without ALL OWNERS signing it. If your name is ...
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| Land Contract | 9/27/2007 |
Q: Yes sir, I sold a house in Oh in 2001 on land contract for one year. I recorded the contract at my ...
A: I see why the attorneys want $3,500, Jamie. There is a lot of work there. You are just not aware of ...
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| The buyer of my house is backing out of the contract | 9/25/2007 |
Q: I received a contract on my house back in May. Setllement was to be Sept 27th. Two weeks ago my ...
A: Yes, Edith. You need to talk to a REAL ESTATE attorney, who will probably suggest suing the Realtor, ...
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| Renting a house through section 8 | 9/22/2007 |
Q: What are the steps of renting a house through section 8 in texas?
A: Section 8 is run by HUD. You contact them via phone or internet and see what houses there are ...
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| Capital Gains - Joint Tenants | 9/18/2007 |
Q: My parents originally owned our home in CA until last year when we refinanced the home and added our ...
A: If you have been on title only 1 year, then you are not qualified to take advantage of IRC 121 that ...
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| buying home from relative | 9/18/2007 |
Q: My grandmother is ill and might have to go to a nursing home in January. She wants to sell her ...
A: If you're concerned with SSI taking her assets, be aware that they will check all asset records ...
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| Illegal Extension | 9/18/2007 |
Q: We just found out today that the house we are trying to buy (no offer has been submitted yet) has an ...
A: You should look for another house, Andrew. The city planners are going to require permits for any ...
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| Capital Gains - Joint Tenants | 9/17/2007 |
Q: My parents originally owned our home in CA until last year when we refinanced the home and added our ...
A: You obviously did not have a tax expert looking over your shoulder, Brandie, when you were added to ...
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| TITLE TO REAL PROPERTY CALIF. | 9/16/2007 |
Q: 1975 I find 2 bedroom house for sale But i have no money i tell my father $39,000 but it need a lot ...
A: Number one, Terry, please remember this for the rest of your life: In real estate, if it is not in ...
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| life estate | 9/15/2007 |
Q: MY FRIEND SIGNED HIS HOME OVER TO HIS DAUGHTER. THE HOUSE IS GOING INTO FORECLOSURE. HE HAS A ...
A: When a property is foreclosed upon, any and all liens, except the local property tax lien, gets ...
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| unknown owners of land | 9/15/2007 |
Q: Mr. Dennis, I live in Texas and there is a small (about 22"x40") piece of land at the back of my ...
A: Yes, I strongly suggest you consult a real estate attorney and look into a possibility of taking ...
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| title problems | 9/14/2007 |
Q: We purchased a trailer in April '05 from the manager of the trailer park where we live. we bought ...
A: Since land was not included in the purchase of your trailer, technically this is NOT a real estate ...
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| Buying a rental from overseas | 9/14/2007 |
Q: My fiance and I have been teaching in South Korea for a little over a year now, and we plan to use ...
A: If you're going to rent the house to your brother, it'll be an unusual situation, but can be done ...
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| Foreclosure | 9/10/2007 |
Q: I am going through a divorce. I am not living in the home. My wife is and did not pay the ...
A: Very simply, Glenn, yes. I don't know where you're located, but you should have a pretty good choice ...
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| Tax Deliquent Properties | 9/8/2007 |
Q: I have a question regarding tax deliquent properties. I have been very interested in these ...
A: After you get the addresses of the properties from the local tax assessor, you go and inspect them ...
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| house info | 9/8/2007 |
Q: my fiance owned a house with his friend and when he got married they wanted to sell the house so ...
A: Well, Manpreet, this was not done correctly. Since he gave you a year to get a new loan, HIS NAME ...
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| minors on deed | 9/7/2007 |
Q: My problem is stumping two attorneys!! My husband took his own life 5 years ago, leaving behind two ...
A: There are all kinds of attorneys, Wendy. It would seem to me you should consult with an Estate ...
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| pre-foreclosures & lis pendens | 9/4/2007 |
Q: How can one go about getting a list of lis pendens & pre-closure properties? I am interested in New ...
A: Chances are very good that there are at least a company or two that specializes in keeping track of ...
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| short sale to bank repo | 9/2/2007 |
Q: Dick - I have recently been following a short sale that has now become a bank repo. My questions is ...
A: You're going to have to realize, Anthony, that banks hate to accept losses such as that. Therefore, ...
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| selling a home with a 2nd mortgage | 8/30/2007 |
Q: I see your answer from last year about selling a home with a 2nd mortgage. I understand that if I ...
A: You don't have to worry about any and all mortgages, Mimi . . . . except to make sure you have ...
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| changing my home from owner-occupied to an investor trust | 8/29/2007 |
Q: I moved from my first home almost two years ago, and decided not to sell it in the current market. ...
A: I may be wrong, but I doubt it, Antonia, but all that will do will put an investment property into ...
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| capital gains on sale of two faimly home | 8/27/2007 |
Q: If I sell mytwo family home (owner occupied for 43 yrs) (2nd suite continuously rented) how can I ...
A: Try this, Joseph. Move into the vacant unit for two years. Sell the whole property and you should be ...
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| Pre-foreclosure | 8/27/2007 |
Q: How do people take advantage of pre-foreclosures? thanks, Scott
A: It's not easy, Scott. People who are in default (pre-foreclosure) are not happy people and if you ...
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| Earnest money refund | 8/27/2007 |
Q: Dick this was our first time to this site, you replied that you had previously answered our ...
A: In real estate, Sebastian, never, never, never sign a contract, especially a builder's contract ...
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| Property in Probate | 8/26/2007 |
Q: I signed and paid money in good faith for a vacant property. The seller is trying to get some papers ...
A: As long as your offer has not been accepted, you may pull out at any time without any liability to ...
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| Home Owners Association Assessments | 8/22/2007 |
Q: I recently sold my home in the time between the sale and the offers/acceptance and the closing there ...
A: My guess is that you at least got a hint of what was happening well in advance of the April 25 date. ...
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| Investment Property | 8/22/2007 |
Q: I went to an auction today at the Commissioner's Office. Are the properties that were in the auction ...
A: I assumed if you knew there were a list with 74 properties on it and 62 went back to the banks, then ...
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| Investment Property | 8/21/2007 |
Q: I went to an auction today at the Commissioner's Office. Are the properties that were in the auction ...
A: That means the other 12 were bought by investors or people who were looking for homes. Now you have ...
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| Investment Property | 8/21/2007 |
Q: I went to an auction today at the Commissioner's Office. Are the properties that were in the auction ...
A: I have no idea what commissioner's office you mean, Scott. Were they properties in foreclosure ...
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| Selling a property that is currently being rented | 8/21/2007 |
Q: My husband and I own an apartment condo that we have rented. However we are in the process of ...
A: He has already broken the lease or rental agreement, Ama. If it was me, I would not let him stay. ...
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| Tax Consequences to a Short Sale in CA | 8/21/2007 |
Q: My family's CA home is currently being foreclosed on. We have the opportunity to conduct a "short ...
A: The bank will likely report the short sale to the IRS by sending you and them a 1099. That is ...
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| Unconditional Withdrawn with new Broker?Agent | 8/20/2007 |
Q: I live in MI and have had my house on the market for over 16 months. I switched Agencies at the 12 ...
A: Not a dime, Mike. Remember. In real estate, if it is not in writing, it was never said! Further, ...
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| Exclusive Right to sell | 8/17/2007 |
Q: My husband and I have a house that we are going to sell and I just found out today that he singed an ...
A: Depends in what state you live, BB. For example, in Georgia the husband may buy and sell without ...
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| Question | 8/17/2007 |
Q: My fiance and I purchased a home together (We live in South Caroline). The mortgage loan is solely ...
A: Not unless you give him your interest in the property in your will. If you form a living trust with ...
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| Purchasing inheirited home from siblings | 8/17/2007 |
Q: My three sisters and my self have become the owners of the home my deceased parents lived in, as ...
A: In Florida, you use a real estate attorney to handle the closing of a transaction, usually, Thomas. ...
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| Selling Home | 8/9/2007 |
Q: My husband and I bought a home with my cousin and her husband. We all 4 agree to sell, however they ...
A: Whenever a property is put on the market, April, EVERYBODY must sign the listing if you are using a ...
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| sales agreeement | 8/1/2007 |
Q: I entered a purchase agreement 7/21/07 for a new subdivision currently under construction. I toured ...
A: Very simply, Tracey, you write a letter, sent via certified mail to the real estate agent AND the ...
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| Adding a person to a Home Title | 7/31/2007 |
Q: I am in the state of CA - My mom is purchasing a home and would like to add my name and my husband's ...
A: There should be no problem for you to deduct mortgage interest from your tax return . . . as long as ...
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| purchasing a foreclosure or bank owned property | 7/30/2007 |
Q: I live in a very expensive housing market and I think that the only way I'll ever be able to afford ...
A: You bet there is. But you gotta work for it. Simply call every bank or lender around and ask for ...
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| Adding a person to a Home Title | 7/26/2007 |
Q: I am in the state of CA - My mom is purchasing a home and would like to add my name and my husband's ...
A: No problem in adding you and your husband to the purchase agreement prior to escrow closing. Or ...
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| Best way to borrow money to buy mom's home | 7/25/2007 |
Q: My mom's health is poor and my husband and I want to buy her home, build an addition for her to live ...
A: What you need to do, Darla, is to contact three lenders or banks and choose the one that will give ...
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| Beachfront Condominiums in Dorado, Puerto Rico | 7/19/2007 |
Q: Dennie, A trio of brothers who are life long friends of mine retired from their mutual jobs (high ...
A: First of all, Nils, your friends skimped on the website. The first impression is nice, beautiful, ...
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| quit claim deed ..phila., pa. | 7/15/2007 |
Q: my mother quit claimed her house over to me.then we filed it with the recorders office. can i take ...
A: Dee, fee simple means absolute title to a property. To change your quit-claim deed, you would change ...
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| Getting rid of unwanted property | 7/13/2007 |
Q: Dick, My deceased step-father purchased an empty lot in a development 20 years ago. The lot is ...
A: That's a bunch of baloney, Ed. Only the person who actually purchased the property and signed the ...
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| selling land | 7/13/2007 |
Q: I bought a 6.72 acre parcel of land adjoing my 1 acre parcel with my home on it with the idea of ...
A: If you have an agriculture exemption on the property, Roslyn, then you better check with the county ...
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| Rescinding a Condo Sale | 7/12/2007 |
Q: We recently purchased a condo in PA. The closing date is August 17. For personal reasons we would ...
A: Are you sure you want to cancel the purchase? If this is your first real estate purchase you may be ...
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| quick claim vs quit claim deeds | 7/11/2007 |
Q: I gave my son and daughter my mothers home after she died. My daughter lives in the house and has ...
A: Simply have your son sign (and have notarized) a quit-claim deed to your daughter. You will need to ...
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| Familly plans to invest 20% on my first home- HELP! | 7/10/2007 |
Q: A little background info... My husband and I are going to be buying our first home in Texas. My ...
A: The first thing I would do would be to go to a real estate attorney and tell him/her exactly what ...
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| Title transfer | 7/10/2007 |
Q: My grandfather (deceased) willed his residence to his 3rd wife and his 3 daughters in the following ...
A: You have only one smart choice, Todd. Contact a good real estate attorney down in MO and lay out ...
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| Should i take out a mortgage or pay all-cash for a condo unit.?? | 7/9/2007 |
Q: i am planning on purchasing a condo unit. i can afford to pay for it in all-cash. is there any ...
A: Not knowing the price of the condo, all I can say is that if you pay $10,000 per year in interest ...
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| Seller's title insurance? | 7/8/2007 |
Q: I purchased title insurance when I bought my current house approximately 2.5 years ago. I am now ...
A: Yes, but you can ask for and receive a discount. The buyer will want title insurance anyway. The ...
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| Forclusure, Contract for deed | 7/7/2007 |
Q: I need to find out the general provisions on foreclosuring a Contract for Deed. (State of Montana) I ...
A: As long as you are engaging a REAL ESTATE attorney, I will merely gloss over what needs to be done. ...
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| Selling a home | 7/5/2007 |
Q: I am an executor of an estate that has a home to sell. An interested party is appling for GI loan. ...
A: He's pulling your leg, Lowell. Further, the seller is required to pay the necessary loan points (a ...
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| selling and buying | 7/5/2007 |
Q: I have recently refinanced our home for 125% the value of the house. It was great to be able to pay ...
A: I don't know why you would want to make payments on a mortgage of a house in which you no longer ...
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| selling and buying | 7/4/2007 |
Q: I have recently refinanced our home for 125% the value of the house. It was great to be able to pay ...
A: The last I heard, Michele, banks and other real estate lenders were not giving out free money. Yes, ...
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| Home assessment | 7/2/2007 |
Q: I am relocating to a new area and see many houses that are priced at for instance 92,000. When I ...
A: No two states assess the value of their real estate the same. But in the main, most states assess ...
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| Mortgage and Title Transfer | 6/29/2007 |
Q: My parents are now retired and can't afford to pay the mortgage on their own. The mortgage and title ...
A: OH CANADA! That's a different story. I am not familiar with Canadian tax laws or ownership for that ...
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| selling my villa | 6/25/2007 |
Q: I realise that the market in America is very poor at the moment but have to sell as i can no longer ...
A: It might be both, Alison. If you would be so kind as to describe what your villa is all about, I ...
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| AS IS property stuck in Financing Limbo | 6/23/2007 |
Q: I am in the process of closing on a house in the Buffalo NY area. My mortgage is currently in ...
A: Trouble is, Alicia, you want the property more than the seller (the bank) wants to sell it. Now if ...
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| Real Estate Tax and Home Ownership "Limitations" | 6/18/2007 |
Q: This is my first time on this site so bear w/me! This is kind of a two fold question and you may ...
A: One thing for sure, Lisa, is that your boyfriend is throwing his money away if he is paying the ...
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| Quit claim deed | 6/10/2007 |
Q: My mother found out she had terminal cancer in March of 2006, she died May 19, 2007. She didn't have ...
A: Based on what you have said, Sandy, it appears you are indeed protected by that $250,000 exclusion. ...
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| foreclosure | 6/8/2007 |
Q: My relative has recently gone through an unforeseen medical circumstance where he is now ...
A: This is really not a real estate matter, Brenda. You are attempting to protect your estate. ...
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| home buying when seperated | 6/6/2007 |
Q: I am a 40 year old female planning on moving from NY to Florida. My husband and I have been ...
A: No, all states are not like this, Ellen. Some are worse, like Georgia where a husband can buy and ...
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| Earnest money - buyer died before contract | 5/29/2007 |
Q: My brother-in-law recently passed away - before he died, he was renting a duplex, and he had placed ...
A: This is a case for SUPER ATTORNEY. But seriously, Jason, this is something that should be handled ...
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| Buying a newly built home | 5/28/2007 |
Q: Good Morning: I made an offer on a home about three weeks ago and I made an offer on a home that is ...
A: Keep in mind, Kirstie, that your Realtor (if that is what he or she actually is and not an employee ...
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| Home not selling | 5/27/2007 |
Q: My husband and I put our house for sale one year ago June. We made two very big mistakes: 1. ...
A: Have your Realtor take you around to other listings, the more recent the better, that are in your ...
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| 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: With all due respect to you and your husband, the words in the listing information work to sell the ...
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| Selling a home | 5/24/2007 |
Q: Is there a way I can sell my home (paid for), do the financing myself, and maintain ownership until ...
A: Not the way you describe, Mike. Depending on the state in which the property is located there are ...
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| Adding children on the grand deed title | 5/11/2007 |
Q: After the escrow closed, I want to add my two son to the house's grand deed title, my questions is: ...
A: Very easy, Yan. Instruct your escrow agent to add your sons to the title on the Grant Deed. The ...
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| Buying with a mortgage | 5/9/2007 |
Q: I am trying to purchase a rehab 3 family house. Seller is offering to pay down his current mortgage ...
A: Sure, MJ. You and he can do that. Only, why not have him open up a rehab account from which you will ...
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| Deed restriction | 5/2/2007 |
Q: I am buying place in lake community as vacation home (built 1989). In deed restrictions it states ...
A: There must be some kind of grandfather clause, Larry. Otherwise, how is it that the property was ...
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| Zoning Problem - Zoned Commercial, trying to sell Residential | 4/29/2007 |
Q: We bought a property from an individual that the owner had lived in for several years and rented out ...
A: Unless your town has unusual zoning laws, Angie, residential can function in higher zoning, but ...
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| Transfer of ownership | 4/24/2007 |
Q: I live in Omaha NE, and have been living in my mothers house for the last 7 years as my primary ...
A: You do need an attorney, Charlie, because you're going to want to form a living trust, that is if ...
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| what is a window covering? | 4/23/2007 |
Q: I recently purchased a home. In the contract my agent hand-wrote that "all window coverings" were ...
A: I agree with you, Gina. What I would do is to take the agent as well as the seller to small claims ...
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| Partnership | 4/23/2007 |
Q: I can’t seemed to get a clear solution on the best way to form a partnership With my partner in a 3 ...
A: I don't know who you're getting the information from, Jim, but this would be the first time I have ...
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| Will anyone give me a home loan? | 4/22/2007 |
Q: Me and my husband have an IRS tax lien. We are currently paying on it. It will be paid in full in 4 ...
A: I believe that is true, Angela. However, it is going to be a little tough. Lenders, especially now ...
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| purchase agreement items | 4/21/2007 |
Q: On the purchase agreement it asks us as a buyer what percent cash including earnest money we plan on ...
A: Yes, Jennifer, I do understand this would be your first time buying a house. First of all, you ...
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| Principal | 4/21/2007 |
Q: How much of the principal to a home purchase must be repaid before you are allowed to sell it? I ...
A: You never said anything about foreclosure, Augusto. I answered the question as you asked it. A ...
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| green card/ c of o | 4/20/2007 |
Q: the property i am about to buy in new jersey has a green card that can be transferred, do i still ...
A: Sorry, Shawn. You got me stumped. First time. The only green card I am familiar with is the document ...
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| Reversal of Quit Claim | 4/19/2007 |
Q: when my divorce was final in 2004, I signed a quit claim over to my ex-husband. Now I find out he ...
A: If you want to know who is on title of the property, go to the county recorder or courthouse (or ...
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| What does | 4/12/2007 |
Q: My fiance' and I went through a house this evening and loved it. It needed some good elbow grease ...
A: Yes, this is not going to be an easy thing for you, Katy, if you are trying to get the house. Your ...
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| What does "under contract" truly mean? | 4/11/2007 |
Q: My fiance' and I went through a house this evening and loved it. It needed some good elbow grease ...
A: While a real estate agent's office has that right to submit the first offer and even to talk the ...
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| quick claim deeds | 4/6/2007 |
Q: I have my brother's house in my name. Due to credit issues I need for my sister in law to take over ...
A: Unless your sister-in-law applies for and gets a new loan, Sonja, the loan will forever be your ...
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| offer to purchase of vacant land | 4/3/2007 |
Q: My husband and I are thinking of purchasing some vacant land to build on. On Conditions of vacant ...
A: You should find a knowledge real estate agent who knows the location of good vacant land. That ...
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| Trying to make good | 3/28/2007 |
Q: We recently sold our home that had an outside wood burner. Not even a week after closing we ...
A: Yes, Kim, they should have contacted you and/or the Realtor involved to file their complaint IN ...
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| Another "Deeding" Question | 3/17/2007 |
Q: My sister and I bought a condo together; however, circumstance dictated that it wasn't a good time ...
A: You're asking two different questions, Steph. Yes, you can become owner (or part owner) via ...
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| Selling house: Two names on deed | 3/14/2007 |
Q: My husband and I have bleen separated for two years. I refinanced and gave him $20,000.00 in equity. ...
A: Yes, Jess. It seems he must have known he would have you over a barrel sometime in the future with ...
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| Capital Gain Tax? | 3/12/2007 |
Q: My brother and I bought a house as joint tenants in 1998 in Tempe, AZ for $112,000. I lived there ...
A: As long as you held title with your brother for two out of the past five years, then you qualify for ...
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| quit | 3/10/2007 |
Q: If this deed transfer is temporary, and I sign the deed back to her in less than a year, then would ...
A: Again, I would recommend you see a real estate attorney to make sure you are not violating a county ...
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| quit | 3/9/2007 |
Q: My sister in a legal battle with her daughter-in-law wants to quit claim her home to me, this is to ...
A: When you accept a quit-claim deed from anyone, you have taken over that person's basis. That is, the ...
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| Selling A Home | 3/7/2007 |
Q: My situation is complicated. My father left my mother, sister, and I a house when he died 10 years ...
A: If the house is your primary residence, Michael, then if you live in it for two of the past five ...
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| Sale of Realestate in PA | 3/7/2007 |
Q: Is it against the law in the state of Pennsylvania to sell a property without and Agreement of Sale ...
A: No, Michele, I am sure PA does not have a law that says you must have an Agreement of Sale to sell ...
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| Quit Claim Tax Implications | 3/6/2007 |
Q: My father-in-law and husband own a piece of property. We have asked my FIL to buy us out. What are ...
A: Your husband will have a tax liability, Siobhan, if he has a profit. He will have a capital tax gain ...
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| PROBLEMS WITH HOUSE AFTER SALE | 3/4/2007 |
Q: IN NOVEMBER 2005, WE PURCHASED A 5-YR.OLD HOUSE IN MAINE. RIGHT BEFORE CLOSING, OUR REALTOR ...
A: You bet, Maryann. The contract said to fix it, not just go through the motions. Since it is leaking ...
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| Deceased Owner's Property in Foreclosure | 3/1/2007 |
Q: I live in Florida, and in my neighborhood, there is a home which is currently in foreclosure. The ...
A: Your friend is going to have to wait, Stella. The lender must adhere to the state's laws regarding a ...
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| Foreclosure Auction question | 2/28/2007 |
Q: I will be bidding at a Forclosure Auction at the Court house steps and wanted to know who I make the ...
A: Glad you're bidding in California, Sarah. Here in CA, the foreclosure procedure is different from ...
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| selling a house with possible title issues | 2/27/2007 |
Q: I have no emotional ties to this house, or any that I purchase for investment purposes. That's the ...
A: That's just the point, Brittany. Your buyer, whoever it is, is not going to buy the property without ...
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| selling a house with possible title issues | 2/27/2007 |
Q: I am purchasing a property (home) at a public tax sale auction in California. There are no liens, ...
A: As a California broker, Brittany, I would never suggest my client to buy this property without also ...
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| Investment property | 2/26/2007 |
Q: I recently retired from teaching and bought a foreclosed home for our 2 sons to live in and fix up. ...
A: I suspect of who you really need to ask this question is your favorite tax expert, Karen. If you are ...
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| Closing date | 2/17/2007 |
Q: i signed a purchase agreement that had a March 14 closing date(the buyers wanted) I have 72 days ...
A: All parties to the agreement must sign any changes. If the buyer will not accept that change of ...
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| purchase of parents home | 2/10/2007 |
Q: My father lost his job and money is tight for them now. My parents asked me to buy their house for a ...
A: You may be asking for trouble from the IRS, Kay. Why? The IRS frowns on in-family low-price ...
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| family trust | 2/8/2007 |
Q: I want to establish a family trust and list in it a condo that both my mother and I own (on deed). ...
A: If you are not willing to spend the money with an attorney, try Legalzoom.com. They can guide you to ...
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| House and Child Support | 2/8/2007 |
Q: I owe child support from an extra marital affair. The case is being collected by New York (was ...
A: I strongly suggest you consult with a REAL ESTATE attorney to make sure you are taking the correct ...
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| sold the wrong land | 2/5/2007 |
Q: We have an agent in our office who accidently sold someone a vacant lot and it was the wrong one. ...
A: Not having insurance in an office is pretty chancey and you can see why. However, as long as the ...
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| a house as a gift | 1/27/2007 |
Q: My uncle is wanting to give me the house that I have been living in. There is nothing owed on the ...
A: He should execute a warranty deed or a grant deed, depending on which state you're in. If he ...
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| being lied to by the seller and realtor | 1/26/2007 |
Q: My fiancee and I bought a home in Little Rock, AR. There were problems that were supposed to be ...
A: Start your paper trail thusly: In a letter addressed to any and all Realtors in the transaction, and ...
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| closing time | 1/21/2007 |
Q: I have a offer on my house how ever the buyer does not want to close until march 8. Is there a ...
A: You might want to ask him, Richard. He might even tell you why he wants to close on that date. Maybe ...
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| land contract gone sour | 1/20/2007 |
Q: well, yes, I should've involved a decent real estate atty in the beginning and I probobly would not ...
A: This is strictly a case for a REAL ESTATE attorney. I cannot and will not offer any suggestion other ...
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| changing property ownership | 1/18/2007 |
Q: In June of 2006 Myself and a partner bought investment property together. I am on the loan and the ...
A: You don't need a lawyer, Chris, but I strongly suggest you do hire one to make sure this all goes ...
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| name on deed, selling parent's house | 1/18/2007 |
Q: My father died in 2000, my mother this year. The deed to the property is in both their names. Will ...
A: I hope that one daughter who is executrix is you, Pat. Because this is the duty of the executrix . . ...
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| real estate | 1/17/2007 |
Q: where do you look to find out from the court houses office where a person is buying the property ...
A: Only after the ownership has officially changed will you see any evidence of how much someone paid ...
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| Quit Claim Deed | 1/15/2007 |
Q: 8 Years ago upon my request the city vacated a 25 foot X 190 foot rightaway that adjoins my ...
A: If you want it done right, the Quiet Title is the way to go. Otherwise, you will have problems later ...
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| Valuable consideration vs. no consideration | 1/10/2007 |
Q: Regarding Grant Deed into and out of revocable trust. In 1992 a 'grant deed' form was used to place ...
A: In California and a few other states, the grant deed is the prime document transfering title to a ...
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| mortage | 1/9/2007 |
Q: The home sits on a solid foundation, it is a crawl space under the home (enough to stand in ) with ...
A: Just keep on looking for a knowledgeable lender, Donna. You obviously had an appraiser who just ...
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| mortage | 1/9/2007 |
Q: What I was wondering could the mortage company be pulling a fast one by loaning me the money for a ...
A: I don't know how it is in your state, Donna, but here in California it is a mobile home if the ...
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| to sell..FSBO...Agent.....rent to own? | 1/8/2007 |
Q: We have a home in wisconsin, built in Oct 05, wife does not like the ranch, wants to sell, we have a ...
A: If you do not market the property it will not sell, Dave. Just sticking a sign on the property ...
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| mortage | 1/8/2007 |
Q: I recently tried thru my mortage company to re-finance my mortage. I am currently paying a mortage ...
A: Many mortgage companies shy away from modular homes. To them they are more of a risk. Your mortgage ...
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| Deed ? | 1/8/2007 |
Q: I was wondering how I would go about adding someone to the deed on my home...I'm in New York state ...
A: You may do so with a quit-claim deed or a warranty deed or whatever conveying deed they use in New ...
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| Real Estate buying and selling | 1/4/2007 |
Q: We planned on using all of the money from the sell of the 2 lot properties to pay the mortgage. The ...
A: You are virtually guaranteed. Merely approach the supervisor of the mortgage maintenance department ...
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| Real Estate buying and selling | 1/4/2007 |
Q: My husband and I live in PA,we are considering for purchase a 3 bedroom, 1 bath home with 4.8 acres ...
A: Good thinking, Mary. However, your lender will frown on your "chopping off" some of their security ...
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| Buying out and 'upside down' mortgage from a partner | 1/2/2007 |
Q: My girlfriend and I bought a condo in FL together for $155K. We only put 5% down (equally split ...
A: Since you are upside down and in a downside market, Rob, I do not suggest you buy her half out, not ...
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| pre-forclosure | 1/1/2007 |
Q: my neighbor is in a pre-forclosure situation, I am interested in purchasing the property, should I ...
A: It doesn't make a difference if the property is across town or next door, Peggy, you have to treat ...
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| Buying a property owned by a bank and a disappeared owner | 12/28/2006 |
Q: I am interested in purchasing a residential property in Chicago. The property is owned by a bank ...
A: If I understand this correctly, the bank lent 50% of the property to a skip artist. Okay. So they ...
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| quit claim deed | 12/27/2006 |
Q: I bought a mobile home a couple years ago and my name is first on the deed and title.My parents co ...
A: Very simple Angela. Go to the assessor with ALL your paperwork to show that YOU are the true owner ...
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| City Council & Trailer Removal in 9 days | 12/14/2006 |
Q: A dear friend of mine lives in Louisiana. She has been given 10 days to get 5 trailers repaired or ...
A: This is not my expertise, Reggie. However, I would recommend you contact a mobile home sales company ...
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| first time buyer | 12/13/2006 |
Q: My fiance and I are looking to buy our first home in michigan. We are looking for grants or ...
A: Most every state has a first-time buyer program, Shawn. Merely stop in a real estate office and talk ...
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| Brother-In-Law's Woes | 12/11/2006 |
Q: My brother-in-law entered into a relationship with a woman about 4 years. For financial (and I ...
A: Your brother-in-law looks like he has no choice: While no one can force either he or she to sell, ...
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| Land Hold Contract | 12/6/2006 |
Q: I'm considering entering into a land hold contract on a property I own. I would hold a land contract ...
A: When you sell a property on a land contract, he (the buyer) is considered the owner and therefore he ...
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| My boyfriend house | 11/30/2006 |
Q: It seems I need to include more details to help you...to help me...:) My boyfriend lives in this ...
A: Well, let me try it a different way, Ela. If his mortgage is $200,000 and you have paid a year's ...
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| My boyfriend house | 11/29/2006 |
Q: Yes, we live together but he already paid off big chunk of this property. How to calculate my input ...
A: Then I don't understand why he requires rent from you. Otherwise, you would pay him half of what he ...
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| My boyfriend house | 11/29/2006 |
Q: I've moved to my boyfriend house over one year ago. I pay him $900 "rent" (his mortgage is $1,600). ...
A: I presume you do not live there with him and live there alone, Ela. If that be the case, then I ...
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| responsibilities after settlement | 11/29/2006 |
Q: i sold a home a few days ago in philadelphia. after the sale, the buyers found a problem with a ...
A: I would call back the buyers' agent and say that since the buyer's inspector found nothing wrong ...
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| Title Search | 11/28/2006 |
Q: Assume the seller did a title search when she bought it. Wouldn't any problem likely to cloud my ...
A: When most people buy a house, Dave, they do get title insurance. At least the seller provides it. ...
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