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| Subject | Date Asked |
| fees for a new home | 2/9/2012 |
| Q: I just had a question about the costs of upgrading to a new house when you outgrow your current one. ... A: Starting a month after you closed your purchase and moved in you should have started to receive a ... | |
| fees for a new home | 2/8/2012 |
| Q: I just had a question about the costs of upgrading to a new house when you outgrow your current one. ... A: In figuring out what your payment may be after paying $40,000, Lisa, the unpaid mortgage of $160,000 ... | |
| fees for a new home | 2/8/2012 |
| Q: I just had a question about the costs of upgrading to a new house when you outgrow your current one. ... A: Of course, Lisa it'll depend upon the status of the real estate market at the time you decide to ... | |
| Buying a house that is under a trust. | 2/2/2012 |
| Q: I recently made an offer for a house that is under a family trust. My offer is the only one on the ... A: You don't say if your "Real Estate Rep of 30 years" is a Realtor or real estate agent of any kind, ... | |
| Buying a house that is under a trust. | 2/2/2012 |
| Q: I recently made an offer for a house that is under a family trust. My offer is the only one on the ... A: It really has nothing to do with any law in California, Nesrin. It has to do with the art of ... | |
| California Land Contract | 1/25/2012 |
| Q: What if you have Land Contract and it is time to refinance but the property will not appraise for ... A: Then you go back to the seller and renegotiate your purchase price, SV. But be sure you have all the ... | |
| Renting foreclosed home | 1/21/2012 |
| Q: I am currently in the state of NY. Is it legal to pay someone in a foreclosed home to sign over deed ... A: You got it all twisted, KB. If the owner-in-foreclosure signs over the house to you, then HE is ... | |
| selling house while on social security | 1/19/2012 |
| Q: My mother and I bought a home in Oregon. She is on social security disability. We are now in CA due ... A: If you bought the property with your mother, does that mean the title of the house is in BOTH of ... | |
| Foreclosure property | 1/13/2012 |
| Q: Mr. Dennis, I have asked you some questions earlier. Here are two more questions I forgot to ask: ... A: No, May. It is up to the buyer to COMPLETELY check the property to the buyer's satisfaction BEFORE ... | |
| Permit Violation on Foreclosed Property | 1/13/2012 |
| Q: Mr. Dennis, I bought a as is foreclosed property in Jaconville, Fl on 20 Aug. 2011. AFter the ... A: As long as you knew the purchase of the property required a legitimate property inspector on a ... | |
| Land Contract | 1/6/2012 |
| Q: We sold our house on land contract 4 years ago. The buyer is falling behind on payments. He wants ... A: To protect yourself, Jerry, I recommend you consult and use a REAL ESTATE attorney to execute the ... | |
| Adverse possession | 1/5/2012 |
| Q: and Happy New year! I just read an article that states squatters are cashing in on a lot of land and ... A: One of the requirements for a successful adverse possession, Joe, is that the person who is trying ... | |
| Land Contract | 1/5/2012 |
| Q: We sold our house on land contract 4 years ago. The buyer is falling behind on payments. He wants ... A: Before I can advise you, Jerry, I would need to know in which state the property is located. You ... | |
| conditions undoing contract Kroatia | 12/29/2011 |
| Q: We wonder if you can tell us what the conditions are to undo a personal contract (not yet formal, ... A: There is an old saying in real estate, Helga: "If it is not in writing, it was never said." That ... | |
| Backing out of a sale | 12/11/2011 |
| Q: I live in Ohio and am guardian for my 91 year old mother with Alzheimer's. I put her home up for ... A: You probably meant that the BUYER is a rich man who wants to rent it out . . ., right Marilyn? ... | |
| Title Change Name at Closing | 11/14/2011 |
| Q: I am buying a house and my name is on the mortgage but the title will be recorded under my name and ... A: You have to be praised, Betty. You have no idea how many "friendships" have been broken and then a ... | |
| Statute of Limitations - Real Estate Contract | 11/11/2011 |
| Q: Mr. Dennis, I’ve been scanning through your responses to real estate questions posed to you and ... A: The statute of limitations of contracts in AZ is 6 years, Lisa Sue, 4 years if the contract was ... | |
| buying house we live in from mother | 11/7/2011 |
| Q: We need to either assume or get a new mortgage on the house we live in. We have been paying on this ... A: Since you are contemplating buying the house from your mother, and you apparently have had a good ... | |
| Judgement From Creditor | 11/1/2011 |
| Q: I have a property that I own with a friend but she has been living there past several years.The ... A: The only creditor that may force you to sell would be a creditor that YOU owe money to, Bobbie. The ... | |
| Judgement From Creditor | 10/31/2011 |
| Q: I have a property that I own with a friend but she has been living there past several years.The ... A: I'm not sure to what you are referring, Bobby. I never heard of Midland. But I do know that as long ... | |
| null in void | 10/28/2011 |
| Q: i have a serious problem at the moment. till last week i was under the impression i have purchased a ... A: There are two things you must do at this time, Kelz, and that is to 1) contact the real estate agent ... | |
| land contract | 10/26/2011 |
| Q: 11 years ago I put 21,000 down and signed a land contract. The seller was a realistate agent so I ... A: There is really only one thing you can do, Cindy, and that is get yourself a REAL ESTATE attorney ... | |
| buying from builder | 10/18/2011 |
| Q: am going to buy a spec home from a builder and I don't plan to use a realtor. They are offering 3% ... A: Disregard any of that commission junk, James. It is only a device to help sell the property, I don't ... | |
| first time buyer questions | 10/14/2011 |
| Q: which one is correct.realtors normally work for seller.realtor may never meet seller but seller will ... A: Ordinarily, Lori, Realtors who have the listing represent the seller, at least until and if another ... | |
| bat infestation on newly purchsed home | 10/10/2011 |
| Q: We recently purchased a home and now find it is infested with bats, we did not have a home ... A: Sorry to disappoint you, Jennie, but an appraiser is not a home inspector and never the twain shall ... | |
| Contracts and Deeds | 10/4/2011 |
| Q: I recently started a new ministry and while out looking for a building for our church I met a man ... A: First thing you must seriously consider, Karl, is that neighborhood. If you're just starting out ... | |
| selling a home | 9/29/2011 |
| Q: Is it possible you could advise me, on how to sell a home, without losing the investment in the ... A: If you have a problem with your mortgage being larger than the value of your home, there is nothing ... | |
| How can I retrieve my earnest money? | 9/14/2011 |
| Q: It is approaching one year, and I still have not received the earnest money, which is due to me ... A: Assuming your earnest money is $7,500 or less, Sharon, I would take the "other firm" to small claims ... | |
| title company issued wrong title | 9/13/2011 |
| Q: I would greatly appreciate your 'wisdom' in understanding the following problem. I purchased a home ... A: As long as an impartial attorney is straightening things up -- and getting paid by the title company ... | |
| Advice | 9/13/2011 |
| Q: I am trying to get back into the real estate investing field. I have a partner who has excellent ... A: Well, you cannot get much better credit than that, Rashad. So, I strongly suggest you treat him ... | |
| title company issued wrong title | 9/12/2011 |
| Q: I would greatly appreciate your 'wisdom' in understanding the following problem. I purchased a home ... A: Permit me to tell you what happened to me about 20 years ago, Chris (has it been that long ago, ... | |
| property purchase for family member | 9/1/2011 |
| Q: I plan to purchase a new mobile home for my daughter in another state. I will pay 100% in cash. Park ... A: Most likely, Mike, the ownership of the mobile home will be reflected on a document much like your ... | |
| Buying a house | 8/21/2011 |
| Q: I am interested buying a house, listed for $209,000.00, on short sale. This same house was ... A: There is no way I could venture a price for you on the house you're interested, Jose. First, I would ... | |
| MY DAUGHTER’S BOYFRIEND HAS STOLLEN HER/MY HOUSE | 8/15/2011 |
| Q: With in the past few months I transferred ownership of my house into my daughter’s name so that she ... A: The only thing you can do, Teri, at this time is to talk to a good local real estate attorney. This ... | |
| Seller Disclosure | 8/10/2011 |
| Q: must a seller of a home flooded with raw sewage disclose this to a buyer on a Folsom, Ca disclosure ... A: You bet, Loren. The seller must disclose EVERYTHING the seller knows about the property and the real ... | |
| closing date | 8/8/2011 |
| Q: when the contract says on or about aug 15 how much time do they have to close.are there a ... A: It really depends on how important the document is, Jerry. The key phrase here is "on or about" ... | |
| Real Estate Companies? | 8/4/2011 |
| Q: How are you? I have 3 questions for you: Where would I go to apply for a loan to buy into a Real ... A: If you want to invest in ANY company, Susan, I would recommend you contact a stock brokerage of your ... | |
| Buying a home | 8/1/2011 |
| Q: I was in Hightstown, NJ 08520 yesterday looking at a new home construction that I was interested in. ... A: You are smart to be skeptical at this point. You have not looked around enough. Whoever suggested ... | |
| naca | 7/25/2011 |
| Q: .hope you can shed some light on this. i have relatives who want to buy a house. their credit is not ... A: Here is some light I can shed on NACA, James: It stands for Neighborhood Assistance Corporation of ... | |
| Selling My Portion of the Deed & Mortgage | 7/23/2011 |
| Q: My father and I are in Rights of Surviorship with a house here in NY. There's a mortgage in both ... A: Yes, Joan, you may sell your interest in the property. But be aware that there is a clause in your ... | |
| transfer of ownership | 7/22/2011 |
| Q: I own a home in new Jersey jointly with two other family members. One of them wants to "gift" her ... A: Maybe, yes, and yes, Eugene, in answer to your three questions. I recommend that 'A' consults with ... | |
| Real Estate Deals | 7/20/2011 |
| Q: I hope this email finds you well. Do you know of any free websites or pay sites that will allow me ... A: First of all, Rashad, you CANNOT buy a HUD home without a licensed real estate broker or agent. ... | |
| quit claim | 7/16/2011 |
| Q: My friend just told me about a quit claim she did with her two properties that were in foreclosure ... A: It's definitely seems like a scam, Maureen. In my opinion, Two states are noted for scams: Utah and ... | |
| quit claim | 7/15/2011 |
| Q: My friend just told me about a quit claim she did with her two properties that were in foreclosure ... A: You said, "She had to give up the titles and the company is supposed to . . ." What company? It ... | |
| Grant Deeds | 7/13/2011 |
| Q: After our CA home was refinanced, our 12-year-old Joint Tenancy was severed by the mortgage lender. ... A: Yes, you may, August, however, I would strongly recommend you talk to a good local estate attorney ... | |
| To foreclose or not | 6/29/2011 |
| Q: My father past 3 years ago and his home has not sold, it is a 6 year old home, the issue is ... A: If you Google (Wikipedia) Rio Rico, Allyson, you'll find that at one time (up until 1970), Rio Rico ... | |
| no-doc mortgage loan | 6/28/2011 |
| Q: I've been trying to find a company that offers no-doc mortgages. I read that there are some ... A: You better have EXCELLENT credit and income that is legitimate, Ben. Otherwise, you are wasting your ... | |
| Wife hopefully no power with 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: As Shakespeare puts it, "The law's delay," Mike. That, of course, means that the process of anything ... | |
| buying a bank owned home | 6/19/2011 |
| Q: its been hell buying this house. new laws and every week asking for more things to fax or sign. ... A: Sorry to read your plight, Ted, but what do you want ME to do? You should be working with a real ... | |
| Title company dishonest | 6/17/2011 |
| Q: Ater you pay for a home with 100 percent cash and after you sign all the closing documents, how long ... A: Chances are, Susan, the title company is being square with you. Title ccmpanies have to account for ... | |
| short sale/foreclosure | 6/16/2011 |
| Q: We would like to help a family member who has a mortgage that is considerably larger than the value ... A: As a broker, Nomi, I cannot make any suggestions that may smack of illegality. However, the family ... | |
| title, deed | 6/15/2011 |
| Q: I purchased some land 15 years ago and paid off, before I put a mobile home on it. a few years after ... A: To make sure I understand you, Jan, you paid cash for the land, therefore, the real estate is ... | |
| Buying House | 6/8/2011 |
| Q: Can I buy a house if my current house is in foreclosure. I have been told by family I can, but I ... A: Let's take this one step at a time, Karen. If your current house is in foreclosure, no doubt your ... | |
| Title Search | 6/6/2011 |
| Q: I was wondering what all online resources can I utilize to do a title search myself? Thanks for the ... A: It depends what kind of title search you want, Upinder. A true title search actually checks every ... | |
| modular deed transfer | 6/2/2011 |
| Q: 15 years ago friend was divorcing, he received modular homeand 2 acres in the divorce.(Not real ... A: First of all, Dawn, the land is in your name because that is all you really need. Because the ... | |
| cash sale of house to father: do we need escrow? | 6/2/2011 |
| Q: I live in Southern California and my husband and I are in the process of buying a new home (now in ... A: Because I would want you to not have any problems down the line, Nathalie, I strongly suggest you ... | |
| real estate loan & title | 5/26/2011 |
| Q: My partner & I (2 unmarried women)are refinancing our home. We want my partner's mother on the title ... A: The bank is full of beans, Kim. It is very simply done this way: After you get your loan with your ... | |
| Gifting a home | 5/19/2011 |
| Q: My parents want to give me there home, I already live in the main housing area and they live in an ... A: If you want to make sure this doesn't blow up in your pocket book sometime in the future, Heather, ... | |
| Selling home | 4/24/2011 |
| Q: If I sell my home and I have an existing mortgage, and a small lien on the house. Then when the ... A: No, it is not necessary to pay off ANYTHING, Dan, prior to getting the buyer. Who is feeding you ... | |
| Property Line Issue | 4/10/2011 |
| Q: Dennis, I am a first time home buyer and I have made an offer on a home and then had an inspection ... A: There is one main reason why I wouldn't buy that property, Katie, and you hit lightly on it. And ... | |
| Real estate contract: Exlclusive buyer agreement | 4/4/2011 |
| Q: My question involves real estate located in the State of: Oregon When My agent filled out the ... A: Surprisingly enough, Eddy, that is not an uncommon occurance in real estate documents. But in this ... | |
| buying a house | 3/29/2011 |
| Q: Ok I am buying a house. I have signed all the agreements a papers for the contracts for buying the ... A: Since I have not seen the purchase agreement papers, Lisa, I cannot answer your question ... | |
| Trust Sale of House to one of the siblings | 3/18/2011 |
| Q: Are there any legal and/or tax consequences to any of the siblings if one sibling buys the deceased ... A: This is a question for the attorney who created the trust, Patrick. Or you may consult with any good ... | |
| house | 3/17/2011 |
| Q: How much incomes do one need to make to own a $350,000 house? ANSWER: Even though I expect my ... A: You are under a misunderstanding, Henry. Today, in this down market, banks expect you to have at ... | |
| house | 3/17/2011 |
| Q: How much incomes do one need to make to own a $350,000 house? ANSWER: Even though I expect my ... A: Having good credit and a good job answers your first question, Henry. It sounds to me iike you are ... | |
| house | 3/17/2011 |
| Q: How much incomes do one need to make to own a $350,000 house? A: Even though I expect my client buying a $350,000 property to make a minimum of between $112,000 and ... | |
| Buying realestate without using my SSN" | 3/16/2011 |
| Q: How would I go about buying realestate in my corp name without using my SSN" A: This is really a question for your certified financial advisor, CPA or estate attorney, Bill. ... | |
| Reducing the Price | 3/11/2011 |
| Q: I have a house for sale. The asking price is $124,900 and the property tax assessment is $114,700. ... A: You really must trust your Realtor, Tricia. There is no bonus that Realtors get for selling their ... | |
| house under contract | 3/10/2011 |
| Q: i would like to no if you can put a house under contract before you go for the loan and if so how do ... A: You obviously are not working with a Realtor, Carla, because if you were you would not have sent me ... | |
| Buying my mother in law's home. | 3/8/2011 |
| Q: My mother in law no longer wants her home and would like to sell it to my wife and me. We sold our ... A: It's a legitimate way of doing it, Andrew. By taking over your mother-in-law's mortgage will work in ... | |
| No title on mobile home, cannot sell | 3/7/2011 |
| Q: Me and my ex-husband purchased a mobile home and two acres on Lay Lake approximately 3 1/2 years ... A: After you have asked the seller and the bank in certified letters and you get no response or an ... | |
| Mom on SS and wants to sell her home | 3/1/2011 |
| Q: Will my mother be penalized for selling her home and not rebuying another one. Her home should sell ... A: No, Martha. As long as she has lived there for two of the last five years (and I am sure she has), ... | |
| 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: In my opinion, Hakan, you're looking for a problem where one does not exist. You must realize that ... | |
| foreclosure to short sale | 2/13/2011 |
| Q: Mr. Dennis, After making no payments and no progress with US Bank for 8 months, they ok'd a HAMP ... A: You simply find yourself a very knowledgeable Realtor with whom you list your property on a short ... | |
| buying out a sibling | 2/10/2011 |
| Q: My brother and I are trustees for a my deceased mother's home. My brother wants to sell it and I ... A: You can do one of two ways, Fatisha. You can agree to hire a real estate appraiser and agree to ... | |
| Selling or renting | 2/10/2011 |
| Q: We have a home on Cape Cod but want to retire out of the country...the selling market at the moment ... A: Yes, usually real estate management companies are listed in the yellow pages in such a category, ... | |
| lien and judgment report | 2/8/2011 |
| Q: How do you tell which is a first or second lien when they are both done on the same day with the ... A: Yes, they may be recorded on the same day, Darrell, but if you will notice that one of them has a ... | |
| Selling or renting | 2/6/2011 |
| Q: We have a home on Cape Cod but want to retire out of the country...the selling market at the moment ... A: What you need to do, Bunny, is to contact two or three trusted real estate management companies in ... | |
| Do I own the contents of the home, too? | 2/3/2011 |
| Q: Greetings, Twenty years ago my Mom willed modest house/estate equally to her 3 children. However ... A: As long as the house is indeed in your name, Roger, you're right, no one can take the house from ... | |
| lien on property | 1/25/2011 |
| Q: How do I know if I have lien on my property? Can I give it to my daughter without paying off the ... A: You can find out if you have a lien on your property by contacting a title company and they will ... | |
| home sale to son | 1/22/2011 |
| Q: I am a 72 yr old widower. I currently have about a $25,000 mortgage on my approx $80,000 home and am ... A: Everything you mentioned, Larry, indicates you should be considering contacting an estate attorney ... | |
| denied hm modification | 1/19/2011 |
| Q: What is a good direction for me to take I want to keep my home ,do to income reduction I have been ... A: As long as you continue to make your payments, Roger, they are going to believe that you can indeed ... | |
| for sale by owner | 1/18/2011 |
| Q: Can you mortgage a house to someone if you already have a note on it that you are paying. I am in ... A: It's quite legal and proper, Richard, as long as it drawn up legal and proper. What he probably drew ... | |
| Missouri Revised Statutes Code - § 516.030. — Disabilities--twenty-one years. | 1/17/2011 |
| Q: I am asking this question on behalf of my husband: A quit claim deed was used without my husband's ... A: A Missouri attorney would do a much better job, Chelle. After all, this is more of a law question in ... | |
| 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: You have posed a very simple question in a small sentence, Henry. But that simple question is going ... | |
| bought/selling 4 BR house permitted for 3BR | 1/10/2011 |
| Q: Withing the last 45 days, I purchased a rather new 4 BR house in TN. The house was marketed and sold ... A: You need to contact a good local REAL ESTATE attorney and submit your plight to him, Jason. He will ... | |
| Foreclosure Auction Court House -Ca. | 1/5/2011 |
| Q: Reading one of your answers to a lady about who to make Cashiers check out to is that still the ... A: Most trustees when they conduct the foreclosure sales for the lenders in California first require ... | |
| buying in america | 1/4/2011 |
| Q: i am looking to buy a house in america but am a british citizen.will this present me with ... A: You must have your own special reason for wanting to buy in Detroit, Amartey, because Detroit is not ... | |
| buying in america | 1/4/2011 |
| Q: i am looking to buy a house in america but am a british citizen.will this present me with ... A: Let's treat this as an ordinary first-time buyer in the U.S. situation, Amartey. You first must ... | |
| septic/ bedroom mismatch on foreclosure | 1/3/2011 |
| Q: In August my husband and I found a 4 br 3 bath foreclosure we were interested in. It was and is bank ... A: According to government requirements, Jena, it is required that you have a licensed real estate ... | |
| Unclear title | 12/31/2010 |
| Q: Lived with my girlfriend for last 12 years. Sadly she recently passed away. She owned the home we ... A: You said your girlfriend left the house to you, Biff. Well, it seems to me the probate will indicate ... | |
| ecrow funds | 12/26/2010 |
| Q: any feed back will be greatly appreciated. I tried to purchase a "HUD home", according to my ... A: This looks like a scam, Nazario. The Realtor had her chance. She screwed up. Now get that real ... | |
| Selling a trust property | 12/22/2010 |
| Q: I am the trustee for my late mother's trust, and the only remaining asset is her condominium in La ... A: Since your mother was the one who obtained the mortgage, Lian, you, as the trustee, should not have ... | |
| buy or keep renting? | 12/20/2010 |
| Q: So here is my dilemma. My husband stays home with our two young children while he works on his ... A: Your key phrase is, ". . . when we don't know how long we will be living in this area," Lisa. And ... | |
| contingency | 12/16/2010 |
| Q: we signed a contract to sell our house. The appraisal came lower than the price. The contract has a ... A: The other person basically said the same thing, David. I just cut through all the words he used in ... | |
| contingency | 12/15/2010 |
| Q: we signed a contract to sell our house. The appraisal came lower than the price. The contract has a ... A: You can point out the reason why you do not have a transaction, David. Point it out to the agents ... | |
| contingency | 12/14/2010 |
| Q: we signed a contract to sell our house. The appraisal came lower than the price. The contract has a ... A: It could mean that the contract is not valid . . . if the parties agree to that, David. At this ... | |
| escrow funds | 12/13/2010 |
| Q: A while back we tried buying a cabin in Big Bear CA. It was when the bugs were attacking the ... A: Just contact the escrow office, Rhonda, or the Realtor that helped you buy the cabin. You should be ... | |
| rent to own | 12/8/2010 |
| Q: We bought a house in MD for $280,000 plus closing fee 5 years ago. We put a huge downpayment, so we ... A: First thing you have to realize, Tomomi, is that chances are the price you would sell the house for ... | |
| When is Under Contract Agreement Void | 11/18/2010 |
| Q: My house has been under contract since September 2010. Recently, the buyer asked for an additional ... A: In my opinion, Carol, you should call in a different Realtor (two or three would be nice). And ask ... | |
| short sale | 11/17/2010 |
| Q: Husband and i are divorcing. He has decided to do a short sale on our home instead of foreclosure ... A: Just one word, Donna: Nope! When it comes to conveying the title to a buyer, it doesn't matter ... | |
| Assumptions | 11/16/2010 |
| Q: I paid cash for 2 acres and a mobile home in Texas a few years back. I was young and did not know ... A: It doesn't make sense, Mr. Simmons. The person who sold you the land and the mobile home should have ... | |
| owner financing with back taxes owed | 11/8/2010 |
| Q: I have found a house that the owner hasn't paid the taxes on in several years. I am not certain if ... A: Unless your credit is very good, Noah, and you can get a loan from a legitimate lender somewhere, I ... | |
| owner financing with back taxes owed | 11/7/2010 |
| Q: I have found a house that the owner hasn't paid the taxes on in several years. I am not certain if ... A: Very simple, Noah. The transaction is expressed in a purchase agreement with the amount of down ... | |
| parents home in foreclosure, has been list today | 11/4/2010 |
| Q: I have a situation where my aged parents are going to lose their home. The mortgage loan company ... A: The bank assumed you would buy your parents' house via a short sale transaction, Jim. Since the ... | |
| property question | 11/4/2010 |
| Q: My father deeded his Pa property to me in September 2009. It should be noted that this deed stated ... A: Yes, I understand, Russ, that's why I am recommending talking to a real estate attorney. You see, ... | |
| CFD insurance | 10/30/2010 |
| Q: I recently sold a rental home contract for deed. The gal purchasing the house got her own homeowners ... A: Yes, you're right, Steve. It is a lawyer question. But I can answer the best I can after 41 years in ... | |
| Mobile Home question | 10/26/2010 |
| Q: My name is Lakeisha Brandon and I have a question. I am in a real bind. I have a mobile home which I ... A: What you need to do, Lakeisha, is to find a Realtor who has lots of experience with mobile homes and ... | |
| septic system | 10/23/2010 |
| Q: I just bought my first home in Washington last week. All of our purchase documents, home inspection ... A: This is a case for super attorney, Kelly. First, your Realtor has errors and omissions insurance. ... | |
| selling a home | 10/15/2010 |
| Q: In less than 3 yrs, my house will be paid for. I'm wondering if I can 'auction' it off. What I'm ... A: You don't say in what state the property is located, Joyce, therefore, I recommend you ask that ... | |
| outstanding lien after close of escrow | 10/13/2010 |
| Q: I recently completed a short sale (i was the seller) here in California. It closed on August 13, ... A: In answering your questions as you posed them, the credit bureaus report what is reported to them by ... | |
| short sale agreeent | 10/13/2010 |
| Q: A week ago we signed an agreement of sale on a short sale in NJ. Realtor told us that seller ... A: All that has to happen (or not happen in this case), Craig, is for you to not get your copy of ... | |
| outstanding lien after close of escrow | 10/12/2010 |
| Q: I recently completed a short sale (i was the seller) here in California. It closed on August 13, ... A: Obviously, Eric, whoever handled the transaction for you didn't know his/her elbow from his/her toe. ... | |
| purchase agreement | 10/5/2010 |
| Q: a family friend (beverly) is now moving out of her home and into a nursing home. She has decided to ... A: Before anything is done, Dom, my suggestion would be to write a very sincere, professional letter to ... | |
| Finding a *true* sellers agent | 10/2/2010 |
| Q: So far I have sold three houses in my lifetime and yet to have a satisfactory experience with real ... A: All those marketing ideas you present are quite familiar to me, Christy. In fact, I know of a bunch ... | |
| Inherited property | 9/27/2010 |
| Q: My sister & I jointly own a house (estimated value $65-75,000) that has been rented since '93 for ... A: Assuming you could qualify for a mortgage for 50% of the value of the property (the bank would send ... | |
| Inherited property | 9/26/2010 |
| Q: My sister & I jointly own a house (estimated value $65-75,000) that has been rented since '93 for ... A: You could have her finance it for you, Barbara. This way it helps you with your financial bind. ... | |
| Septic fraud | 9/22/2010 |
| Q: I purchased a house in November 2005 over Century 21. Allegedly there was a new septic system and ... A: First thing you're going to do, Sondra, is to consult with a real estate attorney. The attorney is ... | |
| Transfering deed | 9/20/2010 |
| Q: My grandma died in 2004 and left her house to me,Her attorneys had misplaced the will and died a few ... A: First thing you must do, Michael, is to find yourself an estate attorney. Chances are very good that ... | |
| inadaquate mobile home inspection | 9/20/2010 |
| Q: bought a mobile home in ct. in May 2010. Had inspection performed, concerns were mold as it had been ... A: A legitimate home inspector is insured against errors such as this, Sandra. First, contact that ... | |
| Options for selling an unsaveable home | 9/19/2010 |
| Q: We bought a home in Texas 6 years ago. We knew the foundation had been repaired at that time. We ... A: Be aware, Jeannie, that the bank must accept your "giving" them the property. Most lenders require ... | |
| Options for selling an unsaveable home | 9/18/2010 |
| Q: We bought a home in Texas 6 years ago. We knew the foundation had been repaired at that time. We ... A: Not knowing the value of the house does not help me to help you, Jeannie. It is obvious that the ... | |
| Selling a home in Montana on Contract for Deed | 9/18/2010 |
| Q: If I determine to sell my home in Montana via contract for deed, what is the process? Is a title ... A: You need to treat the contract for deed like a regular purchase, Shawn, only the closing and title ... | |
| covenance | 9/14/2010 |
| Q: I purchased my home 3 years ago in Wa. state. I was the first of many homes built in my subdivision. ... A: You may want to first contact the builder, Charles, and ask about their overlooking the covenant you ... | |
| Selling share of house to other owners | 9/13/2010 |
| Q: My husband has 3 brothers who each own a 25% share of the house they grew up in. The 2 oldest ... A: First of all, Beth, it is best to hire a good real estate appraiser. Or the brothers may agree upon ... | |
| Buy-out calculation | 9/5/2010 |
| Q: I co-own a residence in southern CA. and I am listed as a Tenant In Common on the deed. I currently ... A: Not unless the house was indeed being sold to a third party, Grant. Otherwise, whatever makes the ... | |
| Short sale | 9/1/2010 |
| Q: I signed a purchase contract to buy a home in 3/2010. However, sellers backed out of our contract ... A: Difficult to say, Mike, when I am not there. Banks are now notorious for dragging short sale ... | |
| inherited house without clear title | 8/27/2010 |
| Q: My husband and I have inherited a house that was knowingly purchased without clear title by his ... A: Why your husband's parents would accept a house without clear title is way beyond me, Debbie. Now ... | |
| Young, naive, and taken for a $150,000 ride | 8/25/2010 |
| Q: My daughter and her husband (active duty Army) very recently purchased a home using his VA loan ... A: You don't say in what state the property is located, Ingrid, but in the main most of your complaints ... | |
| Financing a property that's "as is" | 8/23/2010 |
| Q: I'm looking at a property that needs work. Here's the catch 22 ... the bank won't finance it, until ... A: Never, never do or pay for any work on a house until that house is in your name, Dennis. I could ... | |
| bankruptcy and short sale | 8/22/2010 |
| Q: we put an offer on a home. The sellers are delinquent on the property. They filed for bankruptcy ... A: You should pose that question to a bankruptcy attorney, Belinda, to make sure you understand the ... | |
| owner selling property, showings, renters rights | 8/21/2010 |
| Q: I have been a tenant at the same place for 16 years, 16 lease renewals, now the landlord is selling ... A: Based on what you said, Ann, my guess is that there is no law that says you COULD NOT be present ... | |
| owner selling property, showings, renters rights | 8/21/2010 |
| Q: I have been a tenant at the same place for 16 years, 16 lease renewals, now the landlord is selling ... A: Obviously, Ann, the owner knows his landlord rules. He/she gave you sufficient notice so that the ... | |
| MLS | 8/20/2010 |
| Q: I am planning a FSBO/FlatFee MLS What is the meaning of a "LOCAL" mls? And what makes a "local" mls ... A: For sale by owner flat fee would mean the multiple listing you'll be involved with will charge just ... | |
| property with 3 years delinquit tax that will not be taken by the city until june of 2011 | 8/16/2010 |
| Q: I know there is a way to buy property for delinquent taxes before the city takes it over for auction ... A: Let me unconfuse you, Mae. In Oklahoma they use tax lien certificates. The county conducts a sale of ... | |
| sell a multi unit | 8/14/2010 |
| Q: I own a six flat and a two flat on the same lot with my brother, sister, my wife and my sister in ... A: Assuming the five of you own the properties equally, your sister indeed would be responsible for ... | |
| Title | 8/13/2010 |
| Q: Then it appears the original seller of the manufactured home committed a type of fraud? since the ... A: Based on how you presented your dilemma, Kim, you are now in Legal Remedy land. That means your next ... | |
| Buying / Renting home after MHAP modification | 8/13/2010 |
| Q: I modified my current home about 8 mo ago (process started way before then) with the MHAP gov't ... A: Good luck, April, because your house-purchasing credit may not be as strong as a lender might ... | |
| selling an FHA home | 8/12/2010 |
| Q: My mother bought a house 6 years ago with an FHA loan. She is now trying to sell to my sister. The ... A: When you buy a house "subject-to," you are buying it subject to the existing loan obligation(s). ... | |
| title | 8/12/2010 |
| Q: My fiance' purchased a manufactured home over 10 years ago for $44,000. There was no written ... A: Oh boy, Kim, it appears your fiance may have been taken. Whenever you buy real estate of any kind it ... | |
| selling an FHA home | 8/9/2010 |
| Q: My mother bought a house 6 years ago with an FHA loan. She is now trying to sell to my sister. The ... A: My guess is that your mother is selling to your sister and your SISTER IS NOT GOING TO LIVE IN the ... | |
| Should I sell? | 8/7/2010 |
| Q: Heres my situation. My home is worth about $169,000. I owe $110,000 on the mortgage, and another ... A: It's good that you have been making your payments on time, Ronn. As long as you have the funds to ... | |
| short sale | 8/5/2010 |
| Q: I have been informed that my offer on a short sale will not be submitted to the lender, because the ... A: First of all, Bonnie, you DO have the right to have your offer to purchase to be presented to the ... | |
| deliquent tax property | 8/4/2010 |
| Q: my sister wants to get her ex-husband off the title of the house she owns that he is living in. she ... A: This is a precarious thing to do, DW. You don't say in what state the property is located. Each ... | |
| purchased business opportunity | 8/2/2010 |
| Q: my name is Wayne, and I live in Los Angeles, CA. My father puchased a business last December ... A: You know, Wayne? We real estate brokers must have at least two years under our belt before we can ... | |
| Any recourse? | 7/26/2010 |
| Q: Mr. Dennis, My husband and I purchased a home in Sept 08 and now it is July 10. As first time ... A: What you have to do first, Dawn, is to assess the value of the work that has to be done. That means ... | |
| Hud Sticker for a moblie home | 7/25/2010 |
| Q: My husband and i purchased a 1978 Champion Double Wide home @ 8 years ago. We have completely gutted ... A: It would be foolish for me to attempt to give you advice in this matter, Bryan, because as a ... | |
| Land Contract | 7/22/2010 |
| Q: Sold home on land contract Aug. 08. Buyers now have a claim for wind damage. They do not have ... A: In most states, Vicky, should the buyer not make the payments agreed, the seller has to file a ... | |
| Selling Property in CA that is in a Revocable Trust | 7/17/2010 |
| Q: Dick, My mom lives in the Palm Desert area and owns a condo outright that is in a Revocable Living ... A: You may be the main beneficiary, Lou, but I suspect your mother is the trustee. The trustee is the ... | |
| Articles | 7/15/2010 |
| Q: I'm compiling, Pre-and Post-Retirement Tips for Librarians, for the American Library Association. ... A: Please note, Carol, that I have been a real estate broker since 1971. I doubt if I can help you if ... | |
| questions about selling condo | 7/13/2010 |
| Q: My Mom owned her condo since 1973 in a suburb of Cleveland, Ohio. I was placed on the deed with her ... A: You will need to have a talk with an estate or probate attorney whether you like it or not, Melissa. ... | |
| buying a home, closing put on hold. | 7/4/2010 |
| Q: I put an offer on a home at the end of May, and it was accepted by the selling bank on June 1st, ... A: Unfortunately, David, occurances such as this are more common than we would like to admit. If your ... | |
| We have been sued after 1 year of closure on home | 6/26/2010 |
| Q: We sold a home and closed may 2009. Our realtor selling the home was told about some things about ... A: What you need to do, Wanda (I'm surprised your attorney didn't make this suggestion) is to advise ... | |
| mortgage upsidedown | 6/26/2010 |
| Q: I have a double-wide on 10 acres currently worth about $60K with a mortgage of $138K. I am 62 and ... A: What they did, Richard, was to NOT change the amount of time he had to pay the mortgage off. It was ... | |
| mortgage upsidedown | 6/26/2010 |
| Q: I have a double-wide on 10 acres currently worth about $60K with a mortgage of $138K. I am 62 and ... A: You are officially member in a very big club, Richard. My guess is that you bought your property ... | |
| sell my mobile home | 6/21/2010 |
| Q: My husband and I own a mobile home in a mobile home park in north-central California. It has a ... A: First of all, Vikie, if you are not willing to pay 10% as a commission to a good Realtor, you had ... | |
| sell my mobile home | 6/20/2010 |
| Q: My husband and I own a mobile home in a mobile home park in north-central California. It has a ... A: Yes, it does seem you have painted yourself into a corner, Vikie. But it can be solved. It is just ... | |
| finished paying payments on modular home and 1.12 acre land and they have not got a Title for the manufactured home for me so now am I just SOL or is there something they have to do to fix this | 6/20/2010 |
| Q: In 1995 I purchased a Doublewide in Burke County Georgia from a elderly lady and her common law ... A: My bet, Tommy, is that there isn't one Georgia real estate agent in 20 that would be able to take ... | |
| Someone trying to sell a house that's been sold??? maybe??? | 6/18/2010 |
| Q: I responded to an ad on Craigslist for "owner will carry" list- ing; my creit is fabulous, but I ... A: Unfortunately, Ann, there are indeed a few real estate agents who are less than honest. What that ... | |
| Name change/removal in property documents | 6/17/2010 |
| Q: Dennis, First of all, thank you for volunteering. My wife and I bought a condo in VA few years back ... A: There are two main ways of accomplishing that, Joseph. 1. You both sign a quit-claim deed giving ... | |
| Problems with title for refinancing | 6/8/2010 |
| Q: I have been trying to refinance my home for the last year. The home was purchased from the bank ... A: I don't know in which state the property is located, Cathleen, but it would seem to me that the ... | |
| 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: I like your idea, Roger. However, you're going to have to make sure your listing with your present ... | |
| Easement that prevents from building a pool | 6/2/2010 |
| Q: Good morning, My wife and I sold our townhouse last month. After a successful inspection, the ... A: If there was no reference to the buyer making the purchase subject to her being able to build a pool ... | |
| breakinng contract | 5/29/2010 |
| Q: Heres the deal my parents are having a real hard time selling their house and they have lowered ... A: Something like this question is probably the most common I receive, Aaron. And it is because the ... | |
| Price increase question | 5/16/2010 |
| Q: Dennis, My question is about the selling price of a house being increased. I have been watching ... A: You wouldn't believe it when banks tell us that they don't want to foreclose or keep their inventory ... | |
| Get Rid off my property quickly... | 5/13/2010 |
| Q: I currently have a 3-unit building in Chicago. And I'm relocating, and I need to get rid of my ... A: I'm fine . . . and how are you. Robert? I would recommend you find a CCIM Realtor. That is a Realtor ... | |
| Selling my mobile home | 5/12/2010 |
| Q: We own a 2 bedroom 1 bath mobile home which is paid off. We have had a realtor since 8/2009. We have ... A: My guess is that you may be missing a bet, Barbara. Why not have your Realtor sell it for whatever ... | |
| upside down loan | 5/2/2010 |
| Q: I bought my home in 2005 at the peak of realestate values,I tried to sell my home 2 yrs later ... A: Would that I be able to help you the way I would want to, Terri, but unfortunately, the only way ... | |
| Buying a home with bad credit | 4/22/2010 |
| Q: Is it possible to purchase a home with bad credit and a chapter 13 Bankruptcy process going on . I ... A: First thing I would do, John, is to ask two more bankruptcy attorneys about doing a Chapter 7, ... | |
| sell house | 4/22/2010 |
| Q: We have a house we want to sell, but we got a government loan on it about 4-5 years ago. We tried to ... A: This sounds like a perfect opportunity for a lease/option, Shirley. As long as the tenants have been ... | |
| 2010 Laws on sale of realestate inherited | 4/22/2010 |
| Q: I live in Maryland if that makes a difference. In June 2007 my sister passed and she left her house, ... A: Yes. But the way the present real estate market has fallen, there is that possibility that the value ... | |
| 2010 Laws on sale of realestate inherited | 4/21/2010 |
| Q: I live in Maryland if that makes a difference. In June 2007 my sister passed and she left her house, ... A: Assuming the house was not your residence at any time, Howard, you and your mother inherited the ... | |
| Any Recourse for Home Purchased with Dead Tree in Yard? | 4/19/2010 |
| Q: I purchased a home in January 2010 in Missouri -- middle of winter so no leaves on any trees. Now, ... A: As long as it was not revealed in the usual property condition documents, Chris, you first have to ... | |
| Listing Agent Mal-Practice? | 4/13/2010 |
| Q: Dennis, I just recently made a offer on a house, and found out that another offer had been ... A: Multiple offers usually present a hassle, Justin. To add to the situation, the offer was presented ... | |
| Home Modification Denied by Chase | 4/12/2010 |
| Q: Mr. Dennis, Thanks for your answer regarding my situation. Being away from the Country I read your ... A: I would hate to see your credit score drop drastically, Joao, but that is what would happen if you ... | |
| Commercially zoned property/Qualify for residential loan? | 4/11/2010 |
| Q: My question comes in regards to residential loans for a commercially zoned property. I live in a ... A: Most likely, Frances, almost any bank you ask for a residential loan on a commercially zoned ... | |
| buyer broker agreement | 4/8/2010 |
| Q: We recently signed a buyer broker agreement with an agent prior to making an offer on a home. The ... A: The key word in this, Rachel, is "exclusive." If you signed an exclusive buyer's broker listing ... | |
| Buying a house that is zoned commercial | 4/7/2010 |
| Q: My wife and I have been looking at houses for the past 2 years. We recently made an offer on a house ... A: When you buy a property that is zoned higher than plain residential, you are buying a property with ... | |
| Real Estate Sale prior to Probate | 4/4/2010 |
| Q: My grandfather and his former wife owned a single family home jointly. My Grandfather passed away ... A: Indeed quite a mess, Jay. And it all started when the property failed to go through probate and the ... | |
| selling home; didn't get permits for remodeling | 3/31/2010 |
| Q: I've been searching for the 'right' way to go about this. I am selling my home. I remodeled it about ... A: If you list your property with a Realtor, Judy, make sure you disclose to him/her what you just ... | |
| Mineral rights leasing while under contract | 3/30/2010 |
| Q: I am in the military and I am transferring soon, so I decided to review my title and contracts from ... A: While they still owned the property, Aaron, the previous owners may do what they want with it as ... | |
| title | 3/26/2010 |
| Q: when I bought my mobile home i never received a title. i filed for bankruptcy and during this i ... A: Since you filed BK, Steve, you should ask your BK attorney these questions. He is the one that ... | |
| Buying Partner Out Of Upside Down Mortgage | 3/23/2010 |
| Q: A friend and I purchased a home in Arizona in 2003. We originally purchased the home as Joint ... A: With just $6,000 difference between loan balance and property value, and in consideration half of ... | |
| Unpaid property taxes without a mortgage | 3/23/2010 |
| Q: I know someone who is a few years behind in taxes. The house was willed to him and he has no ... A: If you want to buy the property from him, go right ahead, as long as he does want to sell it and he ... | |
| No Money at Closing Time! | 3/20/2010 |
| Q: My wife and I were shocked when we were told that we would not get our money when we closed. Its ... A: You don't say in what state this is taking place, Bobster. But presuming this is an ordinary sale of ... | |
| Selling a Home Under a Living Trust | 3/20/2010 |
| Q: My mother has a nice home in So. Cal. under a family trust. The trust documents list all 5 children ... A: First thing, no matter what, Brenda, is to get a goooood real estate attorney, or an estate ... | |
| Getting keys at closing in Arizona | 3/20/2010 |
| Q: We're almost at the finish line in buying a home in Arizona. The main area of concern is getting the ... A: Don't get too heated, Rick. Let me answer your concerns as you presented them. Indeed, you do get ... | |
| Closing on a house | 3/19/2010 |
| Q: I live in Dallas,Texas and recently purchased a newly built house. I had put my security deposit on ... A: My suggestion would be to contact your local (or closest one) USGA Rural Development office. They ... | |
| lien on property | 3/18/2010 |
| Q: I hope you can help. We just found out that the house we are to close on in less than a week has a ... A: Apparently, Julie, your attorney is not a real estate attorney. Title companies are insurance ... | |
| Setting closing date several months out | 3/17/2010 |
| Q: My husband and I are currently renting an apartment in NC and plan on moving to Oxford, MS in ... A: It certainly can be done, Gillian . . . if the seller is willing. My guess the agent for the Oxford ... | |
| Bank is suing title for my mortgage | 3/16/2010 |
| Q: Here is our background. Husband and I bought the home in 2002 using our bank as our lender. In 2005 ... A: Since you did not say in which state you are located, Jennifer, I believe you should hire a REAL ... | |
| Buying a home at foreclosure auction in CA. | 3/15/2010 |
| Q: I plan on bidding on a house at a foreclosure auction in the next couple of days. I see you did ... A: As I probably answered six years ago, Beth, when you are the winning bid on an auction for a house, ... | |
| Can a CDPE help me as a Buyer? | 3/11/2010 |
| Q: ...I am an eventual perspective homebuyer in the Tampa, FL area. I have just today learned about ... A: To help you in this matter, John, I have contacted a CDPE Realtor in the southern greater ... | |
| purchasing house | 3/9/2010 |
| Q: I have an outstanding stud. loan which is in default. For this reason, my husband is building a ... A: Yes, I did get that feeling from before, Kathy. I had the feeling that trust had been eroded in your ... | |
| purchasing house | 3/9/2010 |
| Q: I have an outstanding stud. loan which is in default. For this reason, my husband is building a ... A: This doesn't seem right, Kathy. Do I get the impression you are not your husband's first wife? It is ... | |
| lease purchase | 3/8/2010 |
| Q: this man is selling me a house for 20,000 dn. and 500 a month he says they owe 80,000 still on the ... A: You haven't given me enough information, Roger, in order for me to give you an intelligent answer. ... | |
| Contract Contingency | 3/8/2010 |
| Q: We signed the contract on a house and put down our earnest money. After the inspection we found out ... A: Very simple, Erin. Just contact the MANAGER of the office of the listing agent and present your ... | |
| Business trust deposit time? | 3/5/2010 |
| Q: Commercial bank received doposit for private business trust 2/26/2010. The deposit creates an ESCROW ... A: This does not seem to be a real estate question, Robert, but if this refers to an ongoing ... | |
| home sale advertising | 3/5/2010 |
| Q: If a home plus outbuildings and land is listed with a realtor, the listing is posted MLS, can the ... A: As long as your offer gives the seller what was listed in the listing, Jean, and as long as there is ... | |
| Joint ownership of house | 3/3/2010 |
| Q: My brother and I inherited my Dad's house when he passed. We live on Long Island. I want to now sell ... A: The terminology I am sure you mean, Kathy, is either "tenants in common" or "joint tenants." Those ... | |
| Stay or go? | 3/2/2010 |
| Q: I own a house (actually the bank does) in western Canada but I am sure this question would apply to ... A: If you've been reading about what has been going on south of your border, you should be getting a ... | |
| sewer system | 2/27/2010 |
| Q: Most houses I see on MLS listing have sewer-public system, while few others have sewer-storm system. ... A: I'm surprised you didn't get the answer from your real estate agent, hyhl. In my part of the world ... | |
| Consequences of walking from a commercial mortgage in New Mexico | 2/25/2010 |
| Q: We have a commercial mortgage in New Mexico for a commercial building that was planned to either ... A: Interesting that you asked that question, Marilyn. On page 4 of the March issue of my monthly real ... | |
| Listing Contract | 2/20/2010 |
| Q: We recently signed a "listing contract" with a realtor. The selling price was not listed in the ... A: You have no lising, G Deluxe. Further, to protect yourself I suggest you contact the broker (the ... | |
| Bought a 4 bedroom house with a 3 bedroom septic system...what to do? | 2/19/2010 |
| Q: We bought a 4 bedroom house and while we applied for a construction permit, we were informed that ... A: You don't say in what state or county you're located, Liz, but let me answer the five questions the ... | |
| Inherited Condo | 2/14/2010 |
| Q: This is a tough one. My father passed away at the end of June. He was survived by his wife. He owned ... A: First of all, Martina, I want to make sure when you meant the condo was "vacant and under contract" ... | |
| Title problem | 2/10/2010 |
| Q: We are buying a REO property in CA and already signed docs, our lender ready to fund the loan but ... A: The way it's going, Stella, you may not get the house anyway, and if you don't you REALLLLY got a ... | |
| Selling a house | 2/9/2010 |
| Q: I live in Texas, and I was engaged last year and me and my fiance bought a house together and both ... A: Nope! That title company person was trying to cover their behind because someone shouldn't have ... | |
| Selling a house | 2/9/2010 |
| Q: I live in Texas, and I was engaged last year and me and my fiance bought a house together and both ... A: Based on how you presented the problem, David, it would seem to me you have a very good court case ... | |
| Title problem | 2/7/2010 |
| Q: We are buying a REO property in CA and already signed docs, our lender ready to fund the loan but ... A: Most likely a Realtor had the listing on that REO and that Realtor will not get paid unless this ... | |
| Trapped in a vicious cycle with bad selling agency. | 2/5/2010 |
| Q: Attempting to sell my condo with a nationally known company has gone seriously off-track and I seem ... A: I can assure you, Robin, that you are not familiar with "the process." After all, this is your very ... | |
| Trapped in a vicious cycle with bad selling agency. | 2/5/2010 |
| Q: Attempting to sell my condo with a nationally known company has gone seriously off-track and I seem ... A: Each state has a real estate commission (the name probably varies in each) to which you can ... | |
| Trapped in a vicious cycle with bad selling agency. | 2/4/2010 |
| Q: Attempting to sell my condo with a nationally known company has gone seriously off-track and I seem ... A: Based on what you wrote, Robin, I hope you still have a way to contact that person who wanted to buy ... | |
| Mortgage | 2/2/2010 |
| Q: This is related to the question you answered. ... A: Missouri is a RECOURSE state, John. That means if the debt is recourse, you are personally liable ... | |
| Capital gain on a two-family house | 1/29/2010 |
| Q: Dennies, When one sells a 2-family house one-half of which was occupied by the owner, and the second ... A: They are different, Mike. The %500,000 (for husband and wife, filing jointly) can be used only for ... | |
| Capital gain on a two-family house | 1/29/2010 |
| Q: Dennies, When one sells a 2-family house one-half of which was occupied by the owner, and the second ... A: When you own a two-family dwelling, Mike, you treat the rental part just like any business . . . in ... | |
| goverment homes | 1/29/2010 |
| Q: My wife and I went through the government loan to build use a house for our family. During the ... A: Since it is a government insured home (assume so since they financed it), you should go to the ... | |
| Disclosure by a seller | 1/27/2010 |
| Q: In my state, the seller must fill out a detailed questionnaire about what he/she knows about the ... A: Like you indicated, Richard, just about every state requires the seller to reveal everything he ... | |
| Cancel Contract in Virginia | 1/26/2010 |
| Q: I signed a contract with Ryan Homes in August 2009 to purchase a condo that was supposed to be ... A: You've been very patient, Jae, . . . and naive. Sometimes being patient allows the other party to ... | |
| Sell inherited land w/out all siblings' involvement? | 1/26/2010 |
| Q: Dennis, Do multiple heirs (siblings) all have to sign a contract in order to sell Florida land left ... A: You need to have John sign a Power of Attorney specifically for the business of disposing of that ... | |
| Land Contract problems | 1/25/2010 |
| Q: Back in April of 09' I purchased a home on a land contract. I don't have the best credit due to ... A: Land contracts are the primary way of owning and conveying property in Michigan, Norm. But what is a ... | |
| sell now? | 1/24/2010 |
| Q: Scenario: I own a townhome in Issaquah, WA that I bought back 2006 for $377K and it's been an ... A: Using the first option may be the best, Machi, since it is an investment and not your residence. ... | |
| Backup offer unsigned, short sale relisted | 1/23/2010 |
| Q: Mr. Dennis, I am involved in what seems to me to be an unusual real estate situation, and while I ... A: It is obvious that your agent is not that experienced, especially with short sales. The seller ... | |
| revocable trust | 1/20/2010 |
| Q: A couple gets married in Florida. One of the spouses buys a home for cash with their life savings. ... A: As long as the home was purchased ALL CASH, Steve, it would seem that the husband would not have a ... | |
| Short Sale | 1/16/2010 |
| Q: We refinanced our mortgage several times, however, the last time was hard money loan, no cash out. ... A: Deficiency judgments in Oregon are allowed, Steven, but very rarely done. If you were to abandone ... | |
| forfeited deposit on a real estate sale that didn't close | 1/14/2010 |
| Q: I was selling my house in Long Island, New York. I went to contract in June 2009 with a buyer. The ... A: The deposit is exactly where it should be, Melanie. Your broker CAN NOT release the deposit to ... | |
| forfeited deposit on a real estate sale that didn't close | 1/13/2010 |
| Q: I was selling my house in Long Island, New York. I went to contract in June 2009 with a buyer. The ... A: You would need to consult with a REAL ESTATE attorney, Melanie. That person knows the laws and ... | |
| acquired house through tax deed | 1/11/2010 |
| Q: A friend lost his house to an investor who paid $189 for his house from the "Chief Deputy Treasurer ... A: It depends in which state the property is located, Connie. Since you did not tell me where the ... | |
| Selling a Co-bought, Upside Down home | 1/8/2010 |
| Q: A buddy of mine and I bought a home roughly 2 years ago and now he wants out. We were of the ... A: My guess, Andy, is that this guy is listening to someone he shouldn't be. However, the first thing ... | |
| maryland short sale properties | 1/8/2010 |
| Q: my fiance purchased a short sale the property came with a washer, dryer, stove and refrigerator. ... A: that's the way it is with home warranty companies tammy go out and buy a new stove and write it up ... | |
| Title Company error on HUD | 1/8/2010 |
| Q: The title company made a HUGE error on our HUD. The HUD showed property taxes of about $3,000 and ... A: Yes, Rosemary. Go to the title company with your complaint AND your lender! Both should have known ... | |
| Purchase home from mother | 1/7/2010 |
| Q: My wife and 4 children live in the house I grew up in with my mother. My name and hers is on the ... A: First question answer: yes. But now you should ask your brothers to make sure what you are doing is ... | |
| Purchase home from mother | 1/7/2010 |
| Q: My wife and 4 children live in the house I grew up in with my mother. My name and hers is on the ... A: Let me assume, Edward, that you own the house in which you live equally with your mother. If there ... | |
| brokers trust account | 1/3/2010 |
| Q: i am going through the real estate school live course and am stuck on a problem and was wondering if ... A: B. Ryan. What must be done is for the broker to prepare a release form for the buyer and seller to ... | |
| transfer of real property | 1/3/2010 |
| Q: the recording in instruments that encumber or transfer real property accomplishes all of the ... A: With all due respect to you, Ryan, YOU are taking this test and it is YOU that should be looking up ... | |
| BUYING A HOUSE | 12/30/2009 |
| Q: Dennis. We live in Little Rock, Arkansas and my husband and i are first time home buyers. We are at ... A: I still say they are treating you like dirt just because your husband doesn't have the best credit ... | |
| BUYING A HOUSE | 12/30/2009 |
| Q: Dennis. We live in Little Rock, Arkansas and my husband and i are first time home buyers. We are at ... A: Yes, Annette, this is merely another way of a lender making it so that they don't have to abide by ... | |
| Moving out of state | 12/29/2009 |
| Q: We might be moving from Illinois to Arizona. We curretnly own a home with a morgage,. I there any ... A: Moving, especially to an out-of-state location, is one of life's most stressful events, Janice. It ... | |
| Offer to purchase | 12/29/2009 |
| Q: We made an offer on a property that wasn't accepted this past September. We made our offer amount ... A: As long as you have not executed some kind of buyer's listing agreement, Vicki, go right ahead and ... | |
| Subdividing land with pre-existing convenant | 12/28/2009 |
| Q: My sister owns a beautiful home in Maine on 11-1/2 acres. With the depressed economy and need to ... A: If there is some kind of covenant connected with her property that forbids your sister from dividing ... | |
| Life Tenant | 12/26/2009 |
| Q: I am a life tenant. My 2 sons will inherit my home when I die. But, now, I would like to sell my ... A: A life tenant is the same as life estate, Arlene. This you probably know already. Some time in the ... | |
| Foreclosure | 12/22/2009 |
| Q: Dennis, my question is I have the mortgage in my name only, but my wife's name is on deed, closing ... A: If you, as your wife's legally designated POA, signed the mortgage documents, Alistair, then, yes, ... | |
| Foreclosure | 12/22/2009 |
| Q: Dennis, my question is I have the mortgage in my name only, but my wife's name is on deed, closing ... A: Your wife need not worry about deficiency on your house, Alistair, as long as she was not on the ... | |
| buying a home | 12/20/2009 |
| Q: I just bought a house last month and the owner promised to fix the garage opener for him because ... A: This is really not a real estate problem, Chang. However it is very simple to adjust. I am sure you ... | |
| "Settler Rights"? | 12/17/2009 |
| Q: Mr. Dennis, We have a piece of property aside from our own home that is for sale about a hundred ... A: That is a bunch of baloney, Elizabeth. I strongly suggest you contact a real estate attorney who ... | |
| Buying my Moms house. | 12/16/2009 |
| Q: My mother and i agreed to 40,000. She said a check for 15,000 would pay off the mortgage. Then she ... A: Well, if you don't want to wait, Jason, I would suggest you use your favorite lender to make your ... | |
| Discount broker has terminated our relationship | 12/14/2009 |
| Q: Dennis, We have been working with a discount Realtor with whom we have had a signed agreement that ... A: A buyer's listing agreement, Jim, is similar to a seller's listing agreement, only the buyer is ... | |
| Discount broker has terminated our relationship | 12/14/2009 |
| Q: Dennis, We have been working with a discount Realtor with whom we have had a signed agreement that ... A: Cheap as cheap does, Jim. I suppose she can do as she chooses, but don't worry about having to pay ... | |
| Proceeds on a sale of a home | 12/10/2009 |
| Q: We recently sold a house which was in both my mother and sister's name. Since they live outside the ... A: This is no longer a real estate matter, Karen. It's probably should be handled by an estate attorney ... | |
| purchasing land to put mobile home on | 12/7/2009 |
| Q: My husband and I have a mobile home that we own outright, but we have been renting space in a park. ... A: First of all, Leanne, you need to own the land on which you intend to put your mobile home before ... | |
| Foreclosed mobile home purchase | 12/5/2009 |
| Q: I need to find a lender. I found my dream house, a mobile home on land. The problem is that it was ... A: Try this one, Mary: They are in Vancouver, WA. MH Loans. Just go online and contact them. ... | |
| Joint Ownership | 12/4/2009 |
| Q: I actually own my home with a friend. We bought our home about 5 years ago. My friend now wishes ... A: You didn't say if both of you are responsible for the mortgage, Noeleen. So, I will address your ... | |
| Chase Home Modification Trial Finished | 12/1/2009 |
| Q: Mr. Dennis I bought my house in 2005 for 420k. I still owe 336k. The house today would cost 190k. ... A: As you probably know by now, you bought your house at almost the top of the real estate market in ... | |
| Recourse after a sale is done | 11/28/2009 |
| Q: My cousin just bought a Stucco home in NM that wast severally cracked but was told by both the ... A: First, Jim, your cousin should have received a property condition report (of some kind, depending on ... | |
| Getting out of sale | 11/23/2009 |
| Q: My husband and I have been trying to purchase a home since the month of August. Our contract was ... A: The bank is playing games with you, Maria, because of the tight money out there. The government is ... | |
| Land Recombination Issue | 11/18/2009 |
| Q: When my house was built the underground gas tank was installed on the wrong side of the property ... A: I would be foolish to try to answer your question, Rob, without taking a physical inspection. To ... | |
| condo nightmare | 11/17/2009 |
| Q: 6 years ago I qualified for and bought a condo for $138k, after 6 years of fees and assessments of ... A: As best as I can understand your plight, Dore, if it was me, I would just stop making payments on my ... | |
| Foundation/structural damage | 11/14/2009 |
| Q: Lessor on sublease-contract for deed did not disclose structural and foundation damage due to water ... A: If you do not get satisfied after asking the lessor to put the property into selling condition ... | |
| Loan Assumption | 11/11/2009 |
| Q: I am doing a loan assumption on a double wide with land, Mortgage is with Vanderbilt and I have been ... A: Depending the state you're in, Pete, you would want to use either a warranty deed or a grant deed. ... | |
| home inspection | 11/10/2009 |
| Q: An offer has been accepted on my home with a home inspection contingency. I have the right to cure ... A: I don' think too much of your Realtor, Shannon. He/she should know that he price cannot be changed ... | |
| looking for finaceing to buy a home | 11/8/2009 |
| Q: we live in utah southern ut and we are looking to move north and we are looking for 100% finacing to ... A: How far north do you want to go, Sean? Do you want Santa Claus as your neighbor or will Idaho, ... | |
| Short Sale Questions | 11/6/2009 |
| Q: I am hoping you can help me with some questions. We are currently trying to sell our house and we ... A: Well, then, Jenn, I recommend you see and talk to her office manager, most likely the broker for the ... | |
| Short Sale Questions | 11/6/2009 |
| Q: I am hoping you can help me with some questions. We are currently trying to sell our house and we ... A: Do I get the impression, Jenn, you are trying to sell the house on your own? Or do you indeed have a ... | |
| Agreement w/Real Estate Agent | 11/5/2009 |
| Q: We signed a 6 month listing w/a real estate agent. That agreement expired over a year ago. The ... A: Yes, most agents do not give the seller a notice of the potential buyers that were shown the ... | |
| Agreement w/Real Estate Agent | 11/5/2009 |
| Q: We signed a 6 month listing w/a real estate agent. That agreement expired over a year ago. The ... A: You left some holes in your story, Bob. Number one, on your listing with the original agent there is ... | |
| Have you written a book on buying properties at court steps? | 10/30/2009 |
| Q: I came across your blog in 2004 about buying properties at the court steps and you mentioned that ... A: Some of your words seem familiar, however, I have never had a blog, Drew. If you will cut and paste ... | |
| Access Easement | 10/29/2009 |
| Q: Our family has 6 acres of land that has deeded a 1/2 mile x 60 foot easement to it. That 'lane' was ... A: Yes, it does seem like you are in a positive bargaining position, Chris, however, you could abandon ... | |
| closing with tenant | 10/27/2009 |
| Q: Good Morning I am concern..I am buying a house in NJ closing is at the end of the week. I went to ... A: Sorry, Trisha, but the tenant has a lease valid until the end of December. You should have known ... | |
| Is This A Clear Title? | 10/24/2009 |
| Q: We're buying a foreclosure and there is a lien on the property that the sellers attorney claims will ... A: Nope! I don't close until the lien is wiped out in the county records. Period, Dave. That attorney ... | |
| deed; release of lien;Texas | 10/24/2009 |
| Q: We bought a house with a DEED OF TRUST. We fulfilled the obligation and received a RELEASE OF LIEN ... A: Then there might be one other reason the title company is asking for a deed: Maybe you did not get a ... | |
| deed; release of lien;Texas | 10/23/2009 |
| Q: We bought a house with a DEED OF TRUST. We fulfilled the obligation and received a RELEASE OF LIEN ... A: Did you record that "Release of Lien"? It would have needed to be signed and notarized by the ... | |
| Selling a Home in a Trust | 10/21/2009 |
| Q: Dick, My mother's home is in a trust, with me and my 2 brothers as trustees. My older brother & ... A: You give me the impressiom you do not trust your middle brother, Anne, and I detect that your mother ... | |
| BuyOwner.com | 10/18/2009 |
| Q: I am considering buying a home through BuyOwner.com. I'm not selling my home through there, I have a ... A: If you heard the same thing about a local Realtor, Pattie, would you go to that person to buy a ... | |
| False disclosures | 10/15/2009 |
| Q: I live in Missouri and closed on my new home on October 6, 2009. On October 8, just 2 days past, ... A: Unless you are looking for an excuse to move out of your new home, Ann, the best way to do this is ... | |
| titling of investment | 10/12/2009 |
| Q: I am purchasing a investment property. I have two other properties, one which is mortgaged in my ... A: This would be very difficult to answer, Ceno, because I have no idea what your tax position is. You ... | |
| insider trading and information on houses | 10/9/2009 |
| Q: i am a student at university that is studying economics. i had a query about housing information and ... A: Here in California any kind of death within 3 years should be reported to the buyer. I suppose other ... | |
| Loan pending due to incompleted remodel | 10/6/2009 |
| Q: We opened escrow on a property in CA, after seller accepted our offer ($560k) with as-is condition & ... A: I'm a California broker, Ashley, not an attorney. The way I see it, should your pending loan not be ... | |
| Loan pending due to incompleted remodel | 10/6/2009 |
| Q: We opened escrow on a property in CA, after seller accepted our offer ($560k) with as-is condition & ... A: As long as you still want the house, Ashley, the seller cannot pull out of an agreed-to and signed ... | |
| How to sell house with VA Insallment Contract to buyer with FHA | 10/6/2009 |
| Q: Here is the situation... I currently has an installment contract with VA, and is trying to sell my ... A: Maybe I am missing something, Cecelia. If the property is in the bank's name, there is no way it can ... | |
| purchasing a home with a llc | 10/2/2009 |
| Q: If you purchase a home and put it under an llc, when you pass away does your wife have any ownership ... A: This is not a real estate question, John. LLC stands for Limited Liability Company. Because it is ... | |
| zoning | 9/28/2009 |
| Q: My wife and I are looking for housing and the banker said that this house we where looking at was in ... A: Real estate is local, no matter where you look, Michael. And anything having to do with zoning, is ... | |
| Purchase of a short sale | 9/26/2009 |
| Q: My husband and I are purchasing a short sale home in Florida that is still owner occupied. We are ... A: Keep this in mind, Bernice: Banks are not Realtors and have no idea how to treat buyers and sellers. ... | |
| Revalued Home by Town for R/E Taxes | 9/25/2009 |
| Q: I have to go before Board of Review. I will contend they did not take enough Physical ... A: Every state and county within those states have their own way of evaluating the property within ... | |
| Real Estate Transaction | 9/23/2009 |
| Q: Q: I wanted to buy a house. I used a mortgage broker who was NOT in the same state I was in. I ... A: The mortgage broker apparently was licensed to do business as a mortgage broker in the state of the ... | |
| Financing a home | 9/19/2009 |
| Q: Is it normal to obtain 100% financing through FHA? I thought they only covered 80% and a down ... A: No, Mike, but then these are not normal times. The economy and the politicians have dictated more ... | |
| short sales | 9/16/2009 |
| Q: What is the process the seller's lender goes through and why does it take so much time? Thanks A: You have asked a question, Michael, to which most real estate agents would like to know the answer. ... | |
| FHA Loans | 9/9/2009 |
| Q: My question concerns credit scores when applying for an FHA loan. I have read that you must have ... A: Each FHA lender is different. The higher your score is, the easier it is for them. The lower your ... | |
| buying a small home | 9/9/2009 |
| Q: We want to buy this small home(572 sq.ft.),but the owner passed away and his siblings are trying to ... A: There's a good possibility this purchase may take longer than you or the sellers are expecting. ... | |
| ebay land sale enforceable in Texas? | 9/4/2009 |
| Q: Hypothetically, let's say I live in CA and bought land in Texas on ebay from a seller that is a CA ... A: The property is in TX, therefore any TX laws governing real estate would apply to that property. I ... | |
| tax sale of property | 9/3/2009 |
| Q: my mortgage company let my home be sold in a tax sale 12/08. they have not contacted the courts to ... A: No, Wendy, you do not have a mortage on the property. You may have the original mortgage copy, but ... | |
| Condos | 9/2/2009 |
| Q: I went online yesterday and began looking at the condo market in the Ken Caryl/Littleton area...of ... A: Sounds good to me, Ron. As long as you are absolutely sure you'll have no trouble with that payment ... | |
| Appraisal | 8/31/2009 |
| Q: My husband and I were pre approved for a home loan and went through with the purchase of the home. ... A: It's one of the negatives of home-buying, Elizabeth. They ordinarily do not refund those kind of ... | |
| FHA loan | 8/31/2009 |
| Q: Good morning, I was ok'd for a loan from a bank with a very good rate. The fha, however, has turned ... A: Your email address was not printed, Ryan. I recommend you send it to me at my email address: ... | |
| FHA loan | 8/30/2009 |
| Q: Good morning, I was ok'd for a loan from a bank with a very good rate. The fha, however, has turned ... A: The only thing I can think of, Ryan, is that somehow your personal credit identity has a big ... | |
| Not listed as | 8/30/2009 |
| Q: We wrote a contract on a house that was NOT listed as an "as is" property. We are getting an FHA ... A: In my opinion, Kathy, the listing agent did not violate any laws. He/she may have been a bit ... | |
| (FOLLOW UP QUESTION). false disclosure on disclosure statement | 8/29/2009 |
| Q: Dennis, and thank you in advance for your expertise and advice. My wife and I purchased a house ... A: I agree with you, Jim, but please remember I am no attorney, but then, the seller's attorney is not ... | |
| false disclosure on disclosure statement | 8/29/2009 |
| Q: Dennis, and thank you in advance for your expertise and advice. My wife and I purchased a house ... A: That's his problem, Jim. When he represents that the property is connected to a sewer line and it ... | |
| Not listed as "as is" property | 8/29/2009 |
| Q: We wrote a contract on a house that was NOT listed as an "as is" property. We are getting an FHA ... A: It escapes me why you would even want this property, Kathy. If it has all those problems, I think I ... | |
| seller financing | 8/27/2009 |
| Q: Im interested in using the seller financing. Im not real expirienced in structuring notes for ... A: Without knowing in what state you are located, Ishmell, I am not in a position to answer your ... | |
| ESCROW REFUND | 8/27/2009 |
| Q: I was buying short sale house in california.My agent completely misguided me.i was a first time home ... A: Yes, Laz, you can take the agent and/or his boss, the manager of his office, to small claims court. ... | |
| how to get deed from Veterans Affairs? | 8/26/2009 |
| Q: We purchased a VA Repossession eight years ago. Our problem is that we have fixed up the home and it ... A: You really don't need the deed from the VA, Eric. If you are not willing to hire a real estate ... | |
| Real estate title | 8/23/2009 |
| Q: Can a minor (17 yrs old) own real estate property in Ohio? A: Anybody can own real estate and accept title transfer, Tina. It's just that they cannot legally ... | |
| Realtor's contract ended | 8/21/2009 |
| Q: My siblings and I are selling my parent's home from a Trust. It did not sell during the time of a ... A: What difference does it make, Peggy? You don't know for sure that the Realtor is working for the ... | |
| selling w/o an agent | 8/20/2009 |
| Q: Good morning, It's an odd question to ask a broker, bur here goes. Mr Dennis, I inherited my ... A: You actually do not need a Realtor to help you put your transaction together as long as you already ... | |
| HOA Restrictions | 8/16/2009 |
| Q: I live in a golf course community with an HOA. Fences are allowed in my community, however there ... A: Yes, I do recommend you attend the HOA meetings, Dayna, especially if they permit members to stand ... | |
| HOA Restrictions | 8/16/2009 |
| Q: I live in a golf course community with an HOA. Fences are allowed in my community, however there ... A: Ah, the miseries of being part of a HOA. Based on what you say, Dayna, it certainly seems logical ... | |
| Quick Question | 8/16/2009 |
| Q: Unfortunately, I am in the process of losing my home to forclosure. I was a care giver for my father ... A: To answer your question more intelligently, Skyler, I would have to know how much is your scheduled ... | |
| Real Estate Nightmare! | 8/15/2009 |
| Q: On the day of our final although, we walked in to find our home had been flooded and had 5 feet of ... A: It is real estate agents like that that give a bad name to our profession, Sherrie. That agent had ... | |
| real estate transaction | 8/14/2009 |
| Q: On Aug. 1, 2009 I recently hired a real estate professional to short-sale my house. $2000 was the ... A: As far as I am concerned, Marsh, you are right. You should have received a refund. If that person is ... | |
| buyer trying to back out of offer to purchase | 8/13/2009 |
| Q: The buyer just went through my home with a home inspector. This buyer is a first time home buyer. At ... A: Technically, Greg, the buyer could back out if the inspector found anything wrong. You have to ... | |
| First-Home Worries | 8/11/2009 |
| Q: my husband and I just bought our first home in Florida. It was a foreclosure and got a great deal on ... A: This doesn't seem kosher to me, Vanessa. In Florida, they use attorneys to close transactions. Why ... | |
| Buying Out Inherited House | 8/10/2009 |
| Q: My brother and I inherited a house recently. He will be buying out my share and keeping the house. ... A: Sure, you could do it all yourself, Tina, but would you really want to? You do not know for sure ... | |
| Unpaid taxes | 8/9/2009 |
| Q: So Im about to buy an unfinished house. The guy who is selling it was paying the property off to his ... A: As soon as he takes title to that property, the IRS and the Child Support are going to glom onto ... | |
| Unpaid taxes | 8/8/2009 |
| Q: So Im about to buy an unfinished house. The guy who is selling it was paying the property off to his ... A: First of all, Chelsea, NEVER accept a QUIT-CLAIM (it's not quick claim) when you are buying a house ... | |
| lien | 8/7/2009 |
| Q: I opened my mail a few days ago to find a notice from the county that my house will be sold for a ... A: First of all, Renee, you do not want to lose your home to a tax lien. So, you must pay it yourself ... | |
| Agent/Seller Oblilgations | 8/6/2009 |
| Q: I previously had my home listed with an agency. About 30 days ago, my listing expired and I have ... A: It depends, Mike. Assuming the listing agreements in Canada are similar to those here in the US, a ... | |
| Fraudulent Sell of town house | 8/4/2009 |
| Q: I bought a home in Aug 2007 and specifically asksed the owners if they ever had water damage and ... A: This is a problem best solved by a good local real estate attorney, Robert. As long as you have the ... | |
| Buying Cash Deal in Florida from FSBO | 8/4/2009 |
| Q: We will be closing on our home in Wisconsin soon. I would like to place an offer on a FSBO in south ... A: I would be glad to help you and walk you through your transaction, Tim, but be aware real estate ... | |
| Q | 8/3/2009 |
| Q: I never owned property before. I just have been using master card for over 15 years. I know I have ... A: You do not say how old you are, Sam. You do not say in what part of the US you would like to buy a ... | |
| dispute over my late mother's house | 7/30/2009 |
| Q: I am the Executrix of my mother's Estate. My realtor has a buyer that wants to pay cash for it ASAP. ... A: I am sorry to report to you that you need to engage a REAL ESTATE attorney who will force the sale ... | |
| water bills on property | 7/29/2009 |
| Q: Good Day i want to sell my house and relocate to a different state my water bill is super ... A: Very simple, Gail. This is what I would do: Talk with the water company. They no doubt would arrange ... | |
| foreclosure | 7/26/2009 |
| Q: my boyfriend and i are looking at purchasing a foreclosure home - first home. We are buying it ... A: Since it is a "first home," which one of you gets to take the $8,000 tax credit on your tax return ... | |
| Bats | 7/24/2009 |
| Q: I purchased a home in November 2008. Shortly after I moved in I had and unwanted winged visitor get ... A: Welcome to the responsibility of home ownership, Thad. I suppose you could press upon the previous ... | |
| title deed | 7/24/2009 |
| Q: Where can I get a title deed? A: Ask any title company, Clar. But why do you need it? The title to your house is always in the public ... | |
| Buying Home with others | 7/23/2009 |
| Q: My friends and I want to put our money together and buy a place as a rental investment. I know ... A: Your best bet, Michael, is to convene everybody into a local knowledge real estate attorney and put ... | |
| Private sale of House | 7/20/2009 |
| Q: I am the executor of my parents estate. There is a house involved and my nephew has expressed ... A: In what state is the house located, Annie? It does make a difference. In some states when the seller ... | |
| Can I sell a half of my house? | 7/19/2009 |
| Q: how are you? I have a question which I hope you will be able to answer :-) Can I sell a half of my ... A: Yes you can if you are the only recorded owner of the property, Maryla. But it is not going to be as ... | |
| backing out of selling my house | 7/19/2009 |
| Q: I found a new house to buy, and put my current house up for sale, and accepted an offer on my ... A: If you had a Realtor helping you with either the purchase of the new house or the sale of your ... | |
| elderly home | 7/19/2009 |
| Q: Mom is 78 in good health and state of mind, my brother has been living with her for last 3 years. We ... A: It is strongly suggested, Judy, that you take this matter to a local ESTATE attorney. The attorney ... | |
| should i remove aspestos before i buy a house | 7/18/2009 |
| Q: i want to buy a multi-family house with aspestos in the cellar on the pipes. it is wrapped in tin ... A: No, Gianna. It is not something you should do because you are not the owner . . . yet. Definitely ... | |
| Short selling questions | 7/13/2009 |
| Q: My husband and are currently living in Northern Florida where he is stationed in the military. He is ... A: First of all, Jennifer, it is not likely you would be able to do a short sale without a Realtor. But ... | |
| Getting A House Without Buying It Right Now... | 7/8/2009 |
| Q: A former landlord got so pleased with our responsibility on the payments and the care of the house ... A: Hector, you definitely need to have a REAL ESTATE attorney handle this for you if you want to make ... | |
| Home title | 7/8/2009 |
| Q: My husband passed away in Dec. of last year. I have paid off our mortgage and want to know if I ... A: First, I want to express my condolences, Judy. I have been married 55 years, so I know your loss can ... | |
| selling a home that is in foreclosure | 7/8/2009 |
| Q: The home that was left to myself,a brother and two sister's is for sale. The home's mortgage ... A: It seems that I can help you so that you do not lose the house, but I now need to get more ... | |
| selling a home that is in foreclosure | 7/7/2009 |
| Q: The home that was left to myself,a brother and two sister's is for sale. The home's mortgage ... A: Regarding the property being in danger of foreclosure, I would need to know in what state the ... | |
| acquiring clear title | 7/6/2009 |
| Q: I,m interested in purchasing a property currently owned by 9 individuals. Only eight of the nine ... A: It is my opinion, Gary, you should not buy the eight parts until you have agreed to purchase the ... | |
| commission on real estate | 7/2/2009 |
| Q: Could you explain to me the difference between "canceling the listing" vs "canceling the contract". ... A: There is no difference between "cancelling the listing" and "cancelling the contract" if it is known ... | |
| Tenants in Common if only one on mortgage? | 7/1/2009 |
| Q: is there any way to have my girlfriend added somehow as tenant in common if I purchase a house where ... A: Very simple, Tim. Just add her name to the title in any manner you choose. The lender has no right ... | |
| Property purchase | 6/30/2009 |
| Q: my husband and I found a piece of property we wish to purchase to build a house on. It is in a ... A: Now you know why you would be getting that property for such a "steal," Sarah. Nobody wants that ... | |
| how to buy a home before selling | 6/29/2009 |
| Q: I own a mobile home that I put up for sale. I found another home on property that I want. The new ... A: The question you ask, Barb, is one that has been a problem for home buyers and sellers for time ... | |
| Selling old home for 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: Have you ever heard the adage, "He who wants it most, loses"? If you act like you're anxious to ... | |
| Names on Title of home | 6/24/2009 |
| Q: I have just been approved for a FHA loan. The mortgage lender said that we would get a better rate ... A: No problem, Pat. As long as she is on title with you as, say, Joint Tenants, the house will be ... | |
| closing problems | 6/23/2009 |
| Q: I am having big problems with my realtor, he had me sign a counter offer and then turned it against ... A: I am sorry, Kathleen, but it doesn't seem I've been given the whole story. Therefore, I cannot give ... | |
| Adding a person to my mobile home title | 6/22/2009 |
| Q: . I am 59 and my significant other is 61 . We have been together as friends for 19 years. helping ... A: This is really not a real estate question, Donna. But I will do my best to help you. This is not a ... | |
| selling house to son | 6/17/2009 |
| Q: We are currently selling a house to our son. He is unable to get a loan so he is paying us monthly ... A: First of all, Delores, I think you are being foolish and are asking for trouble in the future if you ... | |
| Real Estate | 6/13/2009 |
| Q: I live in Arkansas. My mother had life estate in her home and left it to me and Sister #2 when my ... A: You solved your own question, Audrey. I Think that is a very good solution, as long as everybody ... | |
| Real Estate | 6/12/2009 |
| Q: I live in Arkansas. My mother had life estate in her home and left it to me and Sister #2 when my ... A: Well, in that case, Audrey, you definitely should consult with a real estate attorney and have ... | |
| Real Estate | 6/12/2009 |
| Q: I live in Arkansas. My mother had life estate in her home and left it to me and Sister #2 when my ... A: Unless the state of Arkansas has a different definition of a "life estate," Audrey, that life estate ... | |
| upside down on mortgage | 6/10/2009 |
| Q: Dick, I grew up in the home I currently own. I bought it from my mother about 12 years ago. I have ... A: In today's real estate market, Shane, it is very doubtful you will be able to get even what you owe ... | |
| Adding my girlfriend's name to title | 6/10/2009 |
| Q: I bought a home (San Jose, CA) with just my name on the mortgage and title. I would like to add my ... A: You may want to rethink this, Johnny. I can't count how many times people have regretted adding a ... | |
| buying a home | 6/9/2009 |
| Q: I,AM 48 LOOKING FOR A HOME TO BUY I,AM A VET STILL IN THE ARMY .I,AM LOOKING TO BUY IN FLORIDA WEAR ... A: I'm sure there is, Michael. You need to do two things. You have done them already, but you need to ... | |
| Foreclosure and HOA | 6/7/2009 |
| Q: I recently purchased a foreclosed home. When I asked whether there was an HOA in the neighborhood, ... A: Actually, Jeanine, the registration of a HOA in any particular neighborhood is probably the second ... | |
| Deeding or gifting house to relative | 6/5/2009 |
| Q: My daughter and I own a house together. When she got married I gave her my 1/2 and took the equity ... A: We're getting close, Judi. Apparently when you gave your half of the property to your daughter YOU ... | |
| Deeding or gifting house to relative | 6/5/2009 |
| Q: My daughter and I own a house together. When she got married I gave her my 1/2 and took the equity ... A: You have confused me, Judi. You said you gave her your half of the house you owned with your ... | |
| 2nd home | 6/5/2009 |
| Q: I am out of work and have a 2nd home I would like my daughter to take over the note on the home and ... A: What I am about to disclose to you, Ted, I highly recommend you have a real estate attorney handle ... | |
| Signing over half interest of property | 6/2/2009 |
| Q: I have what I think is a simple question. My husband and I jointly own a sizable piece of property, ... A: Very simply put, Chris . . .yes. But there is a caveat. He may deed his 50% (or whatever percentage ... | |
| buying a house | 6/1/2009 |
| Q: i am a first home buyer and i have found a house that i want and it was for sale but now the realtor ... A: What the Realtor has told you is that a buyer and seller have already agreed to a sale of that ... | |
| loan processing leading into Underwriting | 5/27/2009 |
| Q: I am currently in an entry level position and am interested in changing a line of business within my ... A: You should ask Jack Guttentag, the Mortgage Professor. He knows all there is to know about that end ... | |
| selling a house on contract | 5/26/2009 |
| Q: can someone buying a house on contract sell that house A: Yes, subject to the existing contract financing, Mike. Obviously, the one who has a house on ... | |
| seller late on 2nd | 5/25/2009 |
| Q: This is in Calif. Buyer is current of 1st TD. But Is later on The 2nd TD. I would like to ... A: Technically, Vickie, any TD is late on the day after the payment is due. You then may file a NOD ... | |
| MLS | 5/24/2009 |
| Q: I have signed Exclusive Exclusive Sale and Listing Agreement with an agent where it expires in 7 ... A: I am sure you meant Exclusive Authorization and Right To Sell, Debra. Most listing agreements are ... | |
| banks loan | 5/22/2009 |
| Q: I want to know if there is a law that makes banks have to tell you if they will approve your load in ... A: Because it is a very low deposit, José, your only recourse is to take that bank to small claims ... | |
| LEASE W/OPTION TO BUY | 5/19/2009 |
| Q: I have been renting a home w/ option to buy for less than 2 months. The landlord wants to sell the ... A: If you have a written, dated and signed (by you and owner) option, Mike, the owner would be selling ... | |
| Lien/encumbrance search on tax-defaulted properties | 5/19/2009 |
| Q: I have a follow-up question regarding the auction of tax-defaulted properties. I am doing research ... A: The individual state governments have cracked down a bit on title companies, so the title companies ... | |
| termites | 5/18/2009 |
| Q: I just read your answer about a woman being sued for termite issues. I recently discovered that ... A: It's too bad you misread my reply, Madam. (Now that you have set the tone of my reply) You were nine ... | |
| termites | 5/17/2009 |
| Q: I just read your answer about a woman being sued for termite issues. I recently discovered that ... A: How would you feel, Jess, if after 9 years after selling your house the buyer decided to sue you? ... | |
| is it a cloud on title? | 5/15/2009 |
| Q: I'm buying a new house, and received a prelim title report after signing the contract. In the prelim ... A: Your Realtor should have been able to explain this, Jeff. But almost every prelim has that kind of ... | |
| Purchase for a Minor | 5/14/2009 |
| Q: I have clients whose son is 17 and wish to buy him a house. Since he is not yet of age, can they ... A: While the son may own property under the age of 18, he is not permitted to convey title until he is ... | |
| purchase Tax Defaulted Houses | 5/14/2009 |
| Q: Assume a person has a mortgage balance on a house and pays on time, every time. However that person ... A: Your scenario is not likely to occur, Michael. Why? Because almost every lender (mortgagee) ... | |
| FSBO purchase | 5/11/2009 |
| Q: Sir, I am deployed in Afghanistan and found a log home on 5 acres in north pole I want to buy. My ... A: This is a bit confusing, Guy, but I will try to answer the best I can. You're in Afghanistan, yet ... | |
| selling an upside down mortgage | 5/10/2009 |
| Q: My daughter purchased a home four years ago in Southern Nevada. Her credit score is 785. She has a ... A: Gayle. He and his wife are both CDPEs. They are very knowledgeable in helping your daughter. He is ... | |
| unfair practices during foreclosure in ca | 5/9/2009 |
| Q: medically destressed debtor unable to make payments while waiting for disability retirement pay to ... A: As much as I would like to help, Katey, you desperately need a good REAL ESTATE and/or ESTATE ... | |
| Appraisal Contingency / Cancellation / Good Faith Deposit | 5/7/2009 |
| Q: My husband and I opened escrow on an REO property, but unfortunately the deal went south due to a ... A: You followed the proper way of doing this, Amanda. Just one thing. You were dealing with a bank. And ... | |
| selling an upside down mortgage | 5/7/2009 |
| Q: My daughter purchased a home four years ago in Southern Nevada. Her credit score is 785. She has a ... A: Unfortunately, Gayle, your daughter bought her house at the wrong time. No need to tell you what you ... | |
| Getting ready to sell a home | 5/6/2009 |
| Q: I am from Norfolk, Virginia. My father is going to transfer the deed of his home in my name but we ... A: Before you do any property transfer of any kind, LaToya, I recommend you consult with a VA estate or ... | |
| Construction Lien | 5/5/2009 |
| Q: My mom and I had a house built for us on land that she owns. Our bank took care of paying the lead ... A: As long as your attorney (I don't think much of him) is not willing to do anything, Christi, then ... | |
| Life Estate | 5/5/2009 |
| Q: Dennis, I read your response regarding a life estate, "A life estate is only in existence as long as ... A: Since you really have a law case here, I strongly suggest you hire an attorney to get him off your ... | |
| first time home | 5/2/2009 |
| Q: i own a mobile home and am in the process of buying a new house. my mobile home is in a park on land ... A: You virtually answered your own question, Bart. Yes, I agree with everything you offered. YOU ARE A ... | |
| Quick Question | 4/25/2009 |
| Q: I have lived in a home for 20 years, we refinanced a couple times. My brother and myself were ... A: This seems like an ideal situation for a loan modifcation, Skyler. You really could do it yourself. ... | |
| quitclaim | 4/22/2009 |
| Q: how does a quit claim deed work? We have been renting our home for 13 months always paying on time ... A: In any case, Terri, this is not sounding too good. But I should be able to make it so that you make ... | |
| Buying Mom's house (with a twist) | 4/20/2009 |
| Q: 10 years ago we moved into a house that my mom owns and rented out. We intended on buying it from ... A: Easy problem to solve, EJ. First of all, you say that the property has gone UP in value? That is a ... | |
| Common Area Persentage | 4/19/2009 |
| Q: The condo I'm considering to buy, shows a 6.94% share in the common areas because it comes from ... A: It would seem, Mike, since they apparently have not built the additional phases, that the 6.94% is ... | |
| Buying delinquent property taxes | 4/13/2009 |
| Q: If I purchase delinquent property taxes and the property goes into foreclosure...would I eventually ... A: How it usually goes, Maria, is when you buy the property because of delinquent taxes (you're buying ... | |
| consequences of mortgage default and advisability | 4/13/2009 |
| Q: A relative is considering mortgage default. Mortgage on Colorado house is $300K, comp. sales are ... A: That is true, John. Walking away from a mortgage does not have to have anything to do with ... | |
| consequences of mortgage default and advisability | 4/13/2009 |
| Q: A relative is considering mortgage default. Mortgage on Colorado house is $300K, comp. sales are ... A: First of all, John, let me make sure the rent for that house is $1,300 per month and not $13,000 as ... | |
| Buying a estate property | 4/11/2009 |
| Q: After paying for an inspection and appraisal and completing a contact in February, 2009. The ... A: Unfortunately, Sheila, you apparently bucked up against an incompetent Realtor. Any Realtor worth ... | |
| EARNEST MONEY | 4/7/2009 |
| Q: I WAS IN THE PROCESS OF BUYING THIS HOUSE FROM THE REALTOR. BUT WHEN WE MOVED IN I SIGN A LEASE AND ... A: BE SURE TO KEEP ALL YOUR RECEIPTS FOR REPAIR AND WHEN THEY SUE YOU FOR POSSESSION OF THE HOUSE, BE ... | |
| title search | 4/3/2009 |
| Q: Good Evening, I inherited my parents' home. My mother passed in 1994,and my father in 2007. It was ... A: You may want to talk to the attorney who made that living trust and see if it is possible to put ... | |
| Owing more than its worth | 4/1/2009 |
| Q: Dennis, While building a spec house, I sold my personal house in July of 2008 and moved into the ... A: There is nothing you can do about the market, Paul, but there is something you can do about the ... | |
| Changes made to deed while under contract. | 3/31/2009 |
| Q: My wife and I have been under contract on a home for about a month and a half, we are very ... A: The seller cannot, should not, must not make any changes to the deed or condition of the property ... | |
| Mobile Home Title Transfer | 3/31/2009 |
| Q: I live in Texas and about seven years ago I moved into a mobile home loaned to me by my ... A: Actually, Laura, this is not a real estate problem. Assuming it is in a mobile home park, this is ... | |
| equity gift to my daughter | 3/29/2009 |
| Q: I am selling my house to my daughter and son-in-law who already live there with me. I owe 100,000 ... A: You are allowed to gift $13,000 EACH ($26,000), Frank, in equity at this time. Since that figure is ... | |
| Who owns this land?? | 3/28/2009 |
| Q: I am trying to find out who owns the land just down the road from me. I have been to the court house ... A: Pin the location down, Quay, and then take that information to a title company. I am sure they will ... | |
| realestate disclosures | 3/26/2009 |
| Q: Purchased a home in California 3 years ago. Seller was a Lic. Builder/Contractor who lied on the ... A: As far as the harassing neighbor is concerned, Lydia, there is nothing in the seller's disclosure ... | |
| Selling a house while on Social Security | 3/20/2009 |
| Q: Dennis, I'm on Social Security due to a disability (didn't qualify for SSDI due to "lack of ... A: Answering your questions one at a time, Andrea: If you have lived in your house two of the last five ... | |
| Failure to sign sales offer acceptance | 3/19/2009 |
| Q: I own one-half interest in a house (inherited family home)and the other half is held by my ... A: The fact that you received a full-asking price means you and she owe the Realtor a commission. Yes, ... | |
| Land Contract | 3/17/2009 |
| Q: Sold home on land contract Aug. 08. Buyers now have a claim for wind damage. They do not have ... A: No, Vicky, you are paying for your own mistake this time: you sold that property with a land ... | |
| foreclosure | 3/17/2009 |
| Q: I have tow questions please. First, if a property is in a HOA and that property is also on a Indian ... A: First, Elizabeth, what do you have to do with the property? Two days prior to the actual sale date? ... | |
| Cancellation of Purchase Offer | 3/14/2009 |
| Q: Mr. Dennis. I saw a house with an agent a week ago (3/5/09). I made an offer and went through the ... A: You may cancel at any time as long as the other party has not accepted your offer, Peter. You have ... | |
| Capital Gains on Sale | 3/4/2009 |
| Q: My in-laws are elderly and live in a nursing home. Their granddaughter took care of them and lived ... A: This is outside my expertise, Garry. I strongly suggest your granddaughter consults an ESTATE (not ... | |
| Under contract for over 2 weeks | 3/3/2009 |
| Q: A home in AL we made an offer on has been under contract since Feb 14th, over 2 weeks now. The ... A: I am not sure I am understanding your situation or your question, Christl. If it is what I think it ... | |
| selling a modular home in ohio | 3/3/2009 |
| Q: my wife and i are selling our modular home, in a modular home village in toledo, ohio. we located a ... A: Don't be penny-wise and dollar-foolish, Josh. In this kind of market you are very fortunate to have ... | |
| Reinstating 1st T.D. without Foreclosing On 2nd | 2/26/2009 |
| Q: I am structuring a no money down transaction. My problem is getting the seller to carry back a 2nd ... A: If you reeeeeally want to put the seller's mind at ease, then you do this: Execute a grant deed ... | |
| Reinstating 1st T.D. without Foreclosing On 2nd | 2/26/2009 |
| Q: I am structuring a no money down transaction. My problem is getting the seller to carry back a 2nd ... A: The answer to the first paragraph is Yes. Second paragraph: If you want him to avoid the foreclosure ... | |
| Reinstating 1st T.D. without Foreclosing On 2nd | 2/25/2009 |
| Q: I am structuring a no money down transaction. My problem is getting the seller to carry back a 2nd ... A: Assuming you're referring to California trust deeds, Adonis, when there are two trust deeds on a ... | |
| Selling part of a jointly owned property | 2/24/2009 |
| Q: My four siblings and I inherited a home in Florida from my parents. The property was recorded as a ... A: As long as you are fee simple owners of your share of the property, you may dispose of it in any ... | |
| Appraisal lower than Offer | 2/23/2009 |
| Q: I am a first time real estate investor. Recently, I was interested in a house in the Philadelphia ... A: Apparently, Camille, the seller and his agent is under the delusion that you forfeited your deposit ... | |
| joint ownership of retaining wall | 2/22/2009 |
| Q: This property has an uncompleted "wall agreement" for a retaining wall that separates the property ... A: Believe it or not, Yuki, this is not a real estate question you posed. It is one that you should ... | |
| Appraisal lower than Offer | 2/20/2009 |
| Q: I am a first time real estate investor. Recently, I was interested in a house in the Philadelphia ... A: Shame on your agent, Camille. Your agent should know that no changes or alterations in the original ... | |
| Property Ownership | 2/18/2009 |
| Q: I am wondering if there is a free way to find out who owns a piece of property and also if I can ... A: There are at least a couple of ways, Emmett. First, you can call up a Title Company in your area, or ... | |
| Taxes due on real estate sale | 2/17/2009 |
| Q: Dick, My mother passed away in Tennessee. She owned 2 residential properties. She left them equally ... A: First, Susan, you have to establish the value of the property at the time of your mom's passing. ... | |
| Purchasing Tx. mobile home, no title. | 2/8/2009 |
| Q: I have found a 1986 singlewide mobile home to purchase but the woman I am buying it from who lives ... A: This headache is more than you should bear. If she cannot give you a title upon buying the property, ... | |
| Stay or Foreclose | 2/1/2009 |
| Q: We have a first (650K)and second mortgage (65K) from the original purchase in 2005. We have not ... A: Yours in not an uncommon dilemma, Becky. As a California broker, I have been helping people to ... | |
| My Paperwork/Land Contract | 1/31/2009 |
| Q: My contract for a house that I am buying has a Quit claim deed in it for us to sing over and send in ... A: You must have absolutely terrible credit, Keeva. That and your absolute craving that you MUST have ... | |
| selling a lot in a community development | 1/29/2009 |
| Q: Can I sell my own lot on ebay legally by myself. What is involved in selling a lot? I can't afford ... A: Not exactly, Steve. Obviously you're doing this without a Realtor. If that be the case, then you ... | |
| selling a lot in a community development | 1/29/2009 |
| Q: Can I sell my own lot on ebay legally by myself. What is involved in selling a lot? I can't afford ... A: As long as you have fee title, Steve, you may do as you please with it. You can sell it on eBay, ... | |
| Pull Out of Probate Sale | 1/29/2009 |
| Q: I put an offer on a probate sale. The offer was rejected on the 15th day by one of the heirs and is ... A: Keep this in mind now and in the future, Tony: The buyer, the offerer may cancel, negate or pull out ... | |
| buying a cheap home | 1/27/2009 |
| Q: forests etc, like norway or transilvania, i was wondering if you could tell me a good place like ... A: Assuming you meant to buy something in the U.S. with those specifications, Ben, because I am not ... | |
| Seller's remorse | 1/25/2009 |
| Q: Home values have dropped. A distressed seller signs a purchase agreement with some knowledge that a ... A: The seller's agent didn't do his/her job if the seller got into this situation, Brian. Before a ... | |
| home buying and selling | 1/25/2009 |
| Q: My fiancé and I currently live in her condo and are getting married in May. We have started to look ... A: In this case, John, you're with the devil or in the deep blue sea. During normal times this question ... | |
| living in a house without a clear title | 1/22/2009 |
| Q: We moved into our house 2yrs ago in May. We were supposed to close on this house before we moved in ... A: You don't have much choice, Meachelle. You must, absolutely must, get yourself a good REAL ESTATE ... | |
| Am I considered a first time home buyer? | 1/21/2009 |
| Q: (I'm not sure where to post this message, so please accept my apologies if this is not for you...) ... A: If you have not bought or owned a home in the last three years, or three years before you do buy a ... | |
| Getting clients | 1/20/2009 |
| Q: Dennis I am serving the Central and South Florida area, I am working into adding a foreclosure ... A: This is not really my expertise, Robert. But I would suggest you do a lot of walking and talking, ... | |
| mobile home/ lost title | 1/18/2009 |
| Q: I have some relatives with a 25 year old double wide mobile home without a title for one of the ... A: There's not too much with which I can help, Karen. I am familiar with California laws with mobile ... | |
| Buying into a percentage of a property | 1/14/2009 |
| Q: I had some general questions about options available to me specifically in terms of purchasing a ... A: What you describe is virtually a lease/option or a land contract, sometimes called a contract for ... | |
| Foreclosure purchase | 1/11/2009 |
| Q: We recently made an offer on a foreclosure property in Kingman Az. We received a signed purchase ... A: There is nothing much you can do, John, if you do not have a Realtor or attorney representing your ... | |
| selling home | 1/10/2009 |
| Q: I put my home for sale with a realtor and signed a six month contract. I moved out of state to texas ... A: That depends on your Realtor, Scott. Lay it on the line with him or her. Tell the truth and you ... | |
| liens on foreclosed property | 1/8/2009 |
| Q: i am looking at closing on a foreclosed property but it has a irs tax lien on it i need to know what ... A: You got problems with that property, Todd, if you do buy it. First of all, the IRS has 120 days ... | |
| Property Disclosure | 1/7/2009 |
| Q: I purchased a property in Aug of 2005. The seller did not disclose that the sewer line backed up on ... A: Believe it or not, Cynthia, this is not a real estate problem. You need a good real estae attorney ... | |
| For Sale by owner | 1/6/2009 |
| Q: I am attempting to sell my home myself, can you advise me on how do I get my home listed on an MLS ... A: Unless you are virtually giving away your property, I think you will have a heckuva job trying to ... | |
| Life Estate | 1/3/2009 |
| Q: I read an article, http://en.allexperts.com/q/Buying-Selling-Home-1476/Life-Estate-1.htm, which ... A: Again, I do wish you the best, Lawrence. Just one thing more: That "Estate for Life" is not a Life ... | |
| Life Estate | 1/2/2009 |
| Q: I read an article, http://en.allexperts.com/q/Buying-Selling-Home-1476/Life-Estate-1.htm, which ... A: Only if the owner is willing to maintain the property, Lawrence. Otherwise it definitely is the ... | |
| Foreclosure vs. Short Sale | 12/30/2008 |
| Q: Dick I live in Michigan and have a house in the metro Detroit area. I took a buyout from the auto ... A: Apparently your tax bracket is 28%, Steven, since they are telling you that it would cost you that ... | |
| Should my fiance and I upgrade or stay put? | 12/22/2008 |
| Q: My fiance and I live in Albuquerque, New Mexico. I am a newish attorney and in June of 2007 I ... A: You asked for my input, Nina, and I am glad to offer it, but be aware that I anticipate this market ... | |
| buy home | 12/21/2008 |
| Q: i currently live in Cleveland, OH and i found many homes that are for sale at a very cheap price. ... A: I would be glad to help you, Abdulelah, but you need to talk to your consulate to see if you are ... | |
| Earnst Money | 12/20/2008 |
| Q: I'm trying to get my earnest money back from a home in Illinois that didn't go thru. The deal was ... A: There is no statute of limitations on fraud, Jennifer, because that is what this is until the seller ... | |
| House for Sale - Zoning Issue | 12/14/2008 |
| Q: Mr. Dennis, I have a home for sale in Michigan. It is zoned C-1. Our realtor tells us this is ... A: To be quite frank, Lori, it does seem like your Realtor did not offer as much valid finance ... | |
| House for Sale - Zoning Issue | 12/13/2008 |
| Q: Mr. Dennis, I have a home for sale in Michigan. It is zoned C-1. Our realtor tells us this is ... A: I wouldn't say it is almost impossible to sell, but I would say it will be very difficult if you ... | |
| city reg | 12/12/2008 |
| Q: Mr Dennis, I bought a condo (NYC) in june and my title company still hasnt recorded my deed to the ... A: Chances are, Bard, it'll just take a phone call. Be sure to refer to the property address when you ... | |
| commission | 12/9/2008 |
| Q: My daughter contacted an agent about possibly selling her home, She specifically told him she was ... A: No, Deb, that agent was trying to cover up his incompentence. He knows very well -- and you should ... | |
| 2 siblings won't agree to sell home owned jointly by 4 siblings | 12/9/2008 |
| Q: I am one of 4 siblings who co-own a lake home that we received from our mother. Two siblings need to ... A: Yes, Gary, but you will need a REAL ESTATE attorney. What the attorney is going to do is to file a ... | |
| commission | 12/5/2008 |
| Q: My daughter contacted an agent about possibly selling her home, She specifically told him she was ... A: That agent is not very ethical, that's for sure. However, now you know why it is so important to ... | |
| medicaid and life estate | 12/3/2008 |
| Q: my 87 year old mom deeded her home over to me and maintained a Le interest in it. she is now in a ... A: Tom, it is obvious you know nothing about life estate. A life estate is retained usually by the ... | |
| medicaid and life estate | 12/3/2008 |
| Q: my 87 year old mom deeded her home over to me and maintained a Le interest in it. she is now in a ... A: You may need to talk to an ESTATE attorney, Tom, to make sure THAT house will not be taken by ... | |
| Purchasing Late Tax Properties | 12/3/2008 |
| Q: A man told me yesterday that one can go to a courthouse & purchase property which has unpaid ... A: No, Mike, it's not that simple. I suppose there might be certain states in which the process of ... | |
| Should I rent my condo and buy a house? | 12/2/2008 |
| Q: I bought a condo for $174,000 and I've been living there for 4 years, I don't want to sell it ... A: If you are comparatively young, Solinka, I would recommend you keep the condo and rent it out ... | |
| upside mortgage - way out | 11/26/2008 |
| Q: we bought a condo at the wrong time and have an upsidedown mortgage we owe about 70,000. my ... A: You were a little clearer, JAS, but still a bit confusing, like where you say, "I have a condo with ... | |
| upside mortgage - way out | 11/25/2008 |
| Q: we bought a condo at the wrong time and have an upsidedown mortgage we owe about 70,000. my ... A: I'm sorry, Jas, but your question is not understandable the way you wrote it, especially the ... | |
| Buying a home from father in law | 11/24/2008 |
| Q: My husband and I moved into his family home after we got married, we paid his father monthly for the ... A: The least expensive way of conveying title is with a quit-claim deed. But you must be very careful ... | |
| Purchasing a home in Business Name | 11/24/2008 |
| Q: How can I buy a home in my business name? I have a software consulting company, personally I have ... A: As long as you already have a C-corp, and it DOES have a credit history, then it might be possible ... | |
| Purchasing a home in Business Name | 11/24/2008 |
| Q: How can I buy a home in my business name? I have a software consulting company, personally I have ... A: If you have the property already, Nikki, or expect to close on one soon, go ahead and take title in ... | |
| Purchasing a home in Business Name | 11/23/2008 |
| Q: How can I buy a home in my business name? I have a software consulting company, personally I have ... A: It sounds like you really need a business attorney, Nikki. This person would suggest perhaps a ... | |
| Closing Paperwork | 11/20/2008 |
| Q: My husband and I just purchased a home in NC and signed closing paperwork remotely since we couldn't ... A: You say that "with all of our previous home purchases and sales throughout our lives," but you seem ... | |
| Default on a Closing | 11/18/2008 |
| Q: I'm selling my mother's run-down house in Sumter, SC through an ERA Realtor. I live in ... A: Your Realtor is a milquetoast, Lydia. It is so obvious that the Realtor is afraid of losing a ... | |
| selling | 11/17/2008 |
| Q: I'm selling a home in Baltimore and my buyer signed the papers to buy my house. His bank postponed ... A: What is your Realtor doing right now besides twiddling his/her thumbs? Your Realtor should be ... | |
| Buying my mothers house | 11/14/2008 |
| Q: my husband and I are negotiating with my mother to buy here house. She still owes $60,000 on the ... A: But you didn't say what actual value the property is, Yvonne. At $1,000 per month at 1% interest you ... | |
| Buying my mothers house | 11/14/2008 |
| Q: my husband and I are negotiating with my mother to buy here house. She still owes $60,000 on the ... A: As long as you are getting "fee simple" title, Yvonne, you may do as you please with that property. ... | |
| life estate | 11/11/2008 |
| Q: This is a very complicated situation involving my elderly aunt. My first, I hope simple question, ... A: This is definitely a case for an ESTATE attorney, Jennifer, not just any attorney. A real estate ... | |
| multiple delays in closing | 11/11/2008 |
| Q: My husband and I accepted a contract for our home on July 20, 2008. Closing was set for on or ... A: You are absolutely correct, Dawn. You should be talking to a REAL ESTATE attorney. And be sure to ... | |
| short sale | 11/10/2008 |
| Q: is it legal for a person to sell there home in a short sale to a family member for 80,000 less than ... A: The main reason why we are in this credit crunch, Wade, is because of borrowers lying on their loan ... | |
| 2/3 Family | 11/10/2008 |
| Q: Can you tell me what a "2/3 Family" means? I'm looking at condos and see many of these listed, but ... A: In my 39 years in this business, Jack, I have never heard of, as you put it, a 2/3 house. Are you ... | |
| Landlord being foreclosed REaltor Getting People Into The Property | 11/7/2008 |
| Q: I had been renting a property in Orlando Florida. I was paying the rent on time every month. My ... A: No, Roseline, you do NOT have to move until you get an official 30-days notice from the owner of the ... | |
| Upside-Down Mortgage | 11/2/2008 |
| Q: I purchased a home in Los Angeles in March 2007 for $520,000. It's now evidently worth $360,000 ... A: First, Zoey, I have never posted on www.wisebread.com. In fact until you mentioned it, I had never ... | |
| Tenants in Common | 11/1/2008 |
| Q: In Michigan; Home was purchased by 3 couples (as Husbands and Wives)as Tenants in Common - a Mom & ... A: Then it's a case for Super Attorney. A REAL ESTATE attorney must now handle this, because of the ... | |
| Buying with adult son | 11/1/2008 |
| Q: We plan to buy a condo with our young adult son. We plan to buy as joint tenants. Parents and son ... A: Here is a suggestion, Mike: Talk with an ESTATE attorney and check on the feasability of having a ... | |
| Split mortgage with mom or buy? | 10/31/2008 |
| Q: My mother is having difficulty paying her monthly mortgage payments (About $1300) and doesn't plan ... A: If your mother is having difficulty with her monthly mortgage payments, there is another idea that ... | |
| permits | 10/30/2008 |
| Q: I am in the process of closing escrow. When my appraisal was done it shows that according to tax ... A: It seems to me that you're stepping into a money pit, Sara. If you really want that house, then do ... | |
| selling my home in pa | 10/29/2008 |
| Q: Buyers entered into sales contract,put deposit down,and put stop payment on the check 15 days later! ... A: Well, then it is up to you if you choose to hold them to it. All they have to do is to make it so ... | |
| selling my home in pa | 10/28/2008 |
| Q: Buyers entered into sales contract,put deposit down,and put stop payment on the check 15 days later! ... A: Linda, my guess is that your Realtor was sympathetic to the buyer and arbitrarily let them off the ... | |
| selling my home in pa | 10/28/2008 |
| Q: Buyers entered into sales contract,put deposit down,and put stop payment on the check 15 days later! ... A: No, this is not legal, Linda. Check with your Realtor and find out why that happened. Your Realtor ... | |
| Upside-down mortgage | 10/25/2008 |
| Q: Like many others in the state (and country) we are upside down on our mortgage, owing $30,000 or so ... A: It doesn't matter how you do it, Anne, if you do not pay your mortgage as originally agreed . . . ... | |
| Please tell me if short sale is better for my situation | 10/23/2008 |
| Q: It's me agus again. I would love to do the follow up from our previous topic but the site said it's ... A: It is expected that it would take me at least half an hour to respond to your questions, Agus. In ... | |
| Upside Down Mortgage | 10/22/2008 |
| Q: I just read your answer to another persons' question about having a 2nd mortgage and being upside ... A: It is interesting that you just wrote, Cindy, because I just got off the phone from a guy who works ... | |
| Please tell me if short sale is better for my situation | 10/22/2008 |
| Q: It's me agus again. I would love to do the follow up from our previous topic but the site said it's ... A: I am sorry, Agus, but I would really have to write a small book to answer all your questions you ... | |
| Buying and selling between relatives | 10/21/2008 |
| Q: My mom left her house to my brother and I. We live in Pa. I have lived in the house two years, have ... A: While one dollar is valid, Missy, usually 10 dollars is a common consideration when conveying ... | |
| Life Estate | 10/21/2008 |
| Q: I own a house which has a life estate attached to it for another person. I am in North Carolina. I ... A: Let me answer your question by asking you a question, Cyndy. If you were looking for a house to buy, ... | |
| residential home an property | 10/21/2008 |
| Q: ..we currently live in a home that was inherited by my sister at the time of my fathers death, the ... A: Whoever actually holds the deed doesn't mean a hill of beans, Brena. It's what is recorded in the ... | |
| help me to avoid foreclosure | 10/21/2008 |
| Q: Your Question was: Hi Toni, I have a question for you regarding negotiating my 2nd mortgage with ... A: If your friend was able to stay in her house for 9 months, chances are you might be able to do the ... | |
| residential home an property | 10/20/2008 |
| Q: ..we currently live in a home that was inherited by my sister at the time of my fathers death, the ... A: You make this sound very confusing, Brena: First you say the home is in the name of the surviving ... | |
| 2 Foreclosures, "is walk away" possible for both | 10/20/2008 |
| Q: About 3 years ago, I was in a good position but know I don't know what to do. I currently foreclosed ... A: First of all, Emeka, if you walk away from any house you may be liable for a taxable gain on your ... | |
| Adding name to deed in California | 10/20/2008 |
| Q: What would happen if I add my partner/fiance on the deed to my condo located in California- would ... A: Probably the best time to add your fiance to the title of the condo would be when you actually ... | |
| Title issues | 10/17/2008 |
| Q: Ok, so my husband and I have gone through all the motions to purchase a home in PA. We had the ... A: Yes, of course, you should be able to get your deposit returned all right. But the other costs you ... | |
| Selling a Life Estate | 10/17/2008 |
| Q: My sisters and I have a home in Montana that our mother lived in with a life estate. Drs. have ... A: If the property is subject to a life estate, Nancy, and your mother is the recipient of that life ... | |
| Trading equity and houses? | 10/15/2008 |
| Q: you seem like a very knowledgeable person to ask a question of this sort as I am stymied! Here ... A: After I read that you are talking about getting a mobile home, I stopped reading, Julie. In this ... | |
| How to finance 2nd home purchase and keep 1st for rental | 10/15/2008 |
| Q: Ugh, this is going to be a little long--sorry! My husband and I are interested in moving to a better ... A: This is what I would do, Denise: Use the cash you inherited as the 20% down payment on the new house ... | |
| Trading equity and houses? | 10/14/2008 |
| Q: you seem like a very knowledgeable person to ask a question of this sort as I am stymied! Here ... A: Sorry, Julie, but you left out what kind of loan he has on HIS house. Little by little we are ... | |
| Trading equity and houses? | 10/14/2008 |
| Q: you seem like a very knowledgeable person to ask a question of this sort as I am stymied! Here ... A: I am assuming, Julie, that you both have no mortgages on your respective properties. Just to remind ... | |
| Quitclaim | 10/14/2008 |
| Q: I would like to know if I donate my house to my church, free and clear with a Quitclaim, how do I do ... A: You don't say in what state the property is, Carol. I would strongly suggest (if you really want to ... | |
| Offer before Open House | 10/13/2008 |
| Q: My husband and I decided to put an offer on a home that had been on the market for 6 months with no ... A: Welcome to the professional world of real estate, Patricia. I'm sorry you have never had an previous ... | |
| Marriage and Property Tax Assessments | 10/12/2008 |
| Q: Dennis, I own a condo in Southern California that is now valued significantly below the base ... A: You can put your fiance on title with you at any time, Patrick, just by executing a grant deed from ... | |
| Marriage and Property Tax Assessments | 10/10/2008 |
| Q: Dennis, I own a condo in Southern California that is now valued significantly below the base ... A: Because you bought your condo what appears to be somewhere around 2005 (the absolute apex of the ... | |
| Home Property Investors Wanted! | 10/9/2008 |
| Q: Ca. I am hoping you can help me or direct me, I am seeking Property Investors, people who are ... A: Okay then, Ron, this is the story: Since the house already belongs to the bank, you better make ... | |
| Selling a Life Estate | 10/9/2008 |
| Q: My sisters and I have a home in Montana that our mother lived in with a life estate. Drs. have ... A: You may start selling the property now, based on your information. A life estate is only valid for ... | |
| Home Property Investors Wanted! | 10/9/2008 |
| Q: Ca. I am hoping you can help me or direct me, I am seeking Property Investors, people who are ... A: You're not making yourself clear, Ron. First you say you "My home recently went into foreclosure," ... | |
| Owning Childhood Home | 10/8/2008 |
| Q: My elderly father recently died. My mom (in her 80s) has moved in with my sister. My dad asked my ... A: What you describe, Winston, is an ideal situation for a Reverse Mortgage. I am sure you have heard ... | |
| NEW HOME OWNER | 10/8/2008 |
| Q: I HAVE RECENTLY PURCHASED A NEW HOME THE PREVIOUS OWNER IS NOW REFUSING TO VACATE THE DWELLING SHE ... A: You will need to contact an attorney who specializes in evicting tenants, Bonnie. He/she will know ... | |
| ways to lessen my capital gains on a home i recently sold | 10/7/2008 |
| Q: recently sold my home closed about 30 days ago to my son, the house was purchased by me from my ... A: Sorry to disappoint you , Rick, but if you want to not have to pay capital gains taxes on the sale ... | |
| Quit claim deed | 10/1/2008 |
| Q: In 1999 we recorded a quit claim deed for an acre of land which we had our house built on. This ... A: The best I can understand your problem, Rene, I am afraid you are using the wrong term for the deed ... | |
| How to break a purchase agreement? | 9/29/2008 |
| Q: We signed an agreement for buying a home in cincinnati.we got all the home inspection work done. Our ... A: First thing you have to realize, Nishanteeka, is that first-time buyers seem to always feel they ... | |
| Foreclosure/Loan Modification | 9/28/2008 |
| Q: Dennis..I live in California, I have a MTG with Nationstar. I am currently deliquent on my Aug 1st, ... A: It sounds to me, Anne, like the reason why you have not received any late notice from your lender is ... | |
| trading in 2 states | 9/28/2008 |
| Q: We are interested in trading our property in New Hampshire with the owner of a property in Vermont. ... A: If you don't already have a Realtor with whom you can work to accomplish your goal, Denise, I would ... | |
| Propert Deed Form, and Language Therein | 9/27/2008 |
| Q: My wife and I are deeding over a rental house to my daughter and her husband. The residence will be ... A: Like I said, Tony, I didn't know your financial, or your plans for the future, but I would have told ... | |
| Propert Deed Form, and Language Therein | 9/26/2008 |
| Q: My wife and I are deeding over a rental house to my daughter and her husband. The residence will be ... A: If you are choosing to deed over a 1031 exchange property to your daughter, be aware that you are ... | |
| 2nd Mortgage | 9/25/2008 |
| Q: I live in Florida and own a house which worth $270000. I have a 1st mortgage with $170000 and 2nd ... A: With the new financing laws scheduled to take effect Oct. 1, Niloofar, it might be a very good idea ... | |
| Buying A short Sale | 9/24/2008 |
| Q: I make about 130,000 a year but I do have a NY state tax lien. My credit is not good but the income ... A: First things first, Hector. Even if they would accept you as a borrower the lender, whoever it is, ... | |
| grandma property issue | 9/23/2008 |
| Q: my grandmother lives in Puerto Rico and owned a house with her long time companion which passed away ... A: Yes, Damary, it is quite understandable when there are nine people who must sign documents. You just ... | |
| Problems with House Title | 9/22/2008 |
| Q: I'm in the process of purchasing a newly built home on a vacant lot in Richmond, Virginia. Richmond ... A: Yes, Maggie, you are at the city's mercy. In the final analysis, the city's planning department is ... | |
| foreclosure with second mortgage in NJ | 9/22/2008 |
| Q: I saw one of your answers and thought you may be able to help me. I own a home in NJ which has been ... A: In a short sale situation, the lender always takes their time about these things. If you stop making ... | |
| foreclosure with second mortgage in NJ | 9/22/2008 |
| Q: I saw one of your answers and thought you may be able to help me. I own a home in NJ which has been ... A: You are in a short-sale position, Anne. That means if the lender has to accept the purchase ... | |
| do you have to put a 1% deposit when bidding on a home? | 9/22/2008 |
| Q: I have a house in North County San Diego I'm looking to put a bid on but my realtor is asking me to ... A: As long as you are already approved for a loan, show the Realtor that you have it. If you are ... | |
| do you have to put a 1% deposit when bidding on a home? | 9/22/2008 |
| Q: I have a house in North County San Diego I'm looking to put a bid on but my realtor is asking me to ... A: It depends on the lender (I suppose you are talking about an REO where the bank owns the property), ... | |
| help me to avoid foreclosure | 9/21/2008 |
| Q: Your Question was: Hi Toni, I have a question for you regarding negotiating my 2nd mortgage with ... A: To explain the succession of liens on a property, Agus, in the number one position is always the ... | |
| help me to avoid foreclosure | 9/20/2008 |
| Q: Your Question was: Hi Toni, I have a question for you regarding negotiating my 2nd mortgage with ... A: First of all, Agus, my name is Dick. Dick Dennis. Second, if you don't pay on the 2nd mortgage, you ... | |
| real estate | 9/19/2008 |
| Q: I was trying to sell my parents house and listed it with a realtor. At the same time a friend of ... A: I don't think so, Pat. I assume your parents' house is in their name. If YOU were selling it, ... | |
| Selling a mobile home in a park | 9/17/2008 |
| Q: Remember the frustration in Princess Leia's voice when she said, "Help me Obi Wan Kenobe, you're my ... A: When you bought the mobile home, Meredith, you received a document of some kind saying to whom the ... | |
| Elderly parents selling home to child | 9/16/2008 |
| Q: Dick, My parents are 80 years old. I'm one of five children and I'm in the military. Next year I ... A: Yes, this is legal, Dan. However, I strongly suggest you consult with a real estate or estate ... | |
| 1031 purchase of house | 9/15/2008 |
| Q: I am selling a rental house purchased in 2001 that I never lived in. I have an exchange co. ... A: Yes, Jean, but you will need to prorate the percentage of the property for the amount that you live ... | |
| short sales | 9/15/2008 |
| Q: I own a townhouse in Miami, FL. What consequences may I face if I would successfully sell my ... A: It certainly will not help your credit, Jose, but it should not hurt it. However, the lender may be ... | |
| Contract with Realtor | 9/14/2008 |
| Q: My wife and I are getting a divorce. The house we live in is in her name only (she bought it before ... A: By all means. Go to your Realtor first to see if she can help you. Chances she will. I got the ... | |
| Contract with Realtor | 9/13/2008 |
| Q: My wife and I are getting a divorce. The house we live in is in her name only (she bought it before ... A: Technically, Jeff, if your wife conveys the house to you, she owes a commission to the Realtor. Any ... | |
| selling foreclosure that I bid on | 9/12/2008 |
| Q: I went to the foreclosure auction at the court in New York and I purchase a property by putting down ... A: Great thinking, David. Of course you can assign your purchase to someone else. Just make sure that ... | |
| Purchasing during separation | 9/8/2008 |
| Q: my name is Kristina. First off, thank you for taking the time to volunteer in this community. ... A: As long as your house is not sold to someone else, Kristina, you and your husband will remain ... | |
| Why the real estate market is down | 9/6/2008 |
| Q: We have been trying to sell our home in rural northern michigan for over a year now. My sister, who ... A: There's not too many property owners who are willing to do this to help substatiate a lower value ... | |
| Why the real estate market is down | 9/6/2008 |
| Q: We have been trying to sell our home in rural northern michigan for over a year now. My sister, who ... A: First of all, John, I get the impression your sister must be up in years. I am, too, as you may be ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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, ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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, ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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, ... | |
| 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 ... | |
| 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 ... | |
| 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, ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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, ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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, ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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. ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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. ... | |
| 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 ... | |
| 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, ... | |
| 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 ... | |
| 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 ... | |
| 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. ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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, ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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. ... | |
| 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 ... | |
| 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 ... | |
| 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, ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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. ... | |
| 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. ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 . . ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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, ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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. ... | |
| Title Search | 11/28/2006 |
| Q: I am buying a house with all cash. (CA to VA move with my equity). My buyers agent says the title ... A: If you want to take the risk, Dave, you certainly may check the line of title. All you would have to ... | |
| House Size | 11/20/2006 |
| Q: A situation for a friend of mine - When he bought the house (new construction) the house was ... A: First, your friend should check the original sales representation that it doesn't say, "2800 sq ft ... | |
| Buying land and a building from Neighbor | 11/12/2006 |
| Q: Our neighbor has agreed to sell a 60 X 90 ft section of her yard to us that also has a small barn on ... A: You don't say in which state you reside, but the first thing you must do is to go to your ... | |
| buying a house with a lien on it | 11/10/2006 |
| Q: Dennis, thank you in advance for taking your time to answer my question. I am buying a home in the ... A: Well, Katie, the seller MUST have the funds to pay off any and all liens on the property's title or ... | |
| Canceling pre-construction contract | 11/6/2006 |
| Q: I am in a pre-construction contract with a builder in FL for a townhouse. It has been just over a ... A: Yes, Mike, I would use that addendum as your negotiating point. If the incentives were part of the ... | |
| Quit claim deed | 11/1/2006 |
| Q: When I divorced my ex-husband signed over a quit claim deed to our house to me. How do I get the ... A: You should record the quit claim deed at the county court house or recorder. Each state and county ... | |
| tax delinquent properties | 10/30/2006 |
| Q: How does the process go for a person that wants to buy a home with delinquent taxes? Is it true that ... A: Yes, Carol, it is too good to be true. For most people, that is. That's because most people are not ... | |
| Question about deed | 10/27/2006 |
| Q: My husband and I own a home in New Jersey with my mother. We put down 2/3 of the money at purchase. ... A: Family or no family, any "partnership" should be put down in writing. There is an old saying in real ... | |
| Gain from the sell of a house | 10/26/2006 |
| Q: My husband and I are currently trying to sell our home. We hopefully will make about $30K off of ... A: If you have lived in your home for 24 of the previous 60 months upon the sale, you may forgo payment ... | |
| taxes on property | 10/25/2006 |
| Q: I live in Ohio and would like to know if a property has no loan or leans on it and the owner has ... A: Every state has their own version of adverse possession of property, Richard. None of them are ... | |
| earnestmoney | 10/22/2006 |
| Q: My fiance and I are having some trouble. The home we were going to buy, loan fellthrough,deal is now ... A: That agent is obviously new to the game. ALL moneys should be handled by and disbursed by a neutral ... | |
| Earnest Money | 10/21/2006 |
| Q: We sold our property (currently rented out) in July 2006. The property is a mobile home on 2 lots. ... A: There are a 1000 ways to get out of a contract, Becky. Somewhere in your contract with her there is ... | |
| listing cancellation | 10/21/2006 |
| Q: I just listed inherited property in Idaho (I live in California) and salesperson did not mention if ... A: UJsually, Jerri, there is a document offered to you upon signing any purchase agreement that informs ... | |
| Home sell. | 10/20/2006 |
| Q: Since my father said a loan officer told him about this. My father wants to start a business so it ... A: First of all, Jose, it is obvious that the mortgage agent simply wants to earn a commission from ... | |
| Home sell. | 10/20/2006 |
| Q: My father owns a property that he wants to give me. I told him I don't want him to just give me the ... A: Here is a better way, Jose. Go to an living trust attorney (not all attorneys know about trusts) and ... | |
| selling rental house | 10/19/2006 |
| Q: I inherited a rental house from my father.I just received deed.I have a buyer who made cash offer.My ... A: Since you have no experience in real estate, you definitely need to bring your transaction to a ... | |
| Getting out of a sellers contract | 10/17/2006 |
| Q: i recently put my home up for sale wit foxtons real estate. Since july 11 they have had only two ... A: You'll know better next time, Chris, not to sign up for a listing for more than 90 days. Even in a ... | |
| EARNEST MONEY NOT BEING RELEASED | 10/12/2006 |
| Q: I have a follow-up question regarding the earnest money. Now our realtor wants us to split the $1000 ... A: I got a better idea, Emory. Have her give you the entire $1,000 deposit and then sign a release to ... | |
| EARNEST MONEY NOT BEING RELEASED | 10/11/2006 |
| Q: I AM TRYING TO SELL MY HOME IN SUGARLAND TX. FIRST, MY REALTOR INFORMED ME THAT WE HAD AN OFFER ON ... A: CONTINGENCY. CONTINGENT. Remember those words, Emory. Chances are very good that the purchase ... | |
| deposit | 10/8/2006 |
| Q: my wife and i put a bid on a home ther was 1000 dollar deposit. we agreed on price we then got ... A: Read your copy of the purchase agreement. Somewhere on it it says that you have the right to have ... | |
| Help! | 10/7/2006 |
| Q: I own rental property in Las Vegas, NV, and I was fortunate to stumble upon someone at my job who is ... A: When a real estate agent earns a commission, he/she is the PROCURER. That is the key word. There is ... | |
| about a deed to a home | 10/6/2006 |
| Q: My husband lived at home and saved his money till he was twenty-six. Many years ago he bought our ... A: It depends on how you want to hold title, Loretta, but it is very simple to change title from ... | |
| deed | 10/2/2006 |
| Q: dick, I want to know whether or not I can sell my share of deeded trust of a house my brother and I ... A: Sure. It would be a good idea to go to the attorney who put the trust together and have him insert ... | |
| Leasing property while owner of proper is selling property | 9/28/2006 |
| Q: my father owns a dounut shop for about 7 years and the property own has just anounced that he will ... A: One of the smartest things to do when you buy a shop of that kind is to insert a clause that allows ... | |
| Selling my house that's in trust | 9/27/2006 |
| Q: Dennis, I have lived in the house that my Grandmother had built for me and my family since March of ... A: If the house is in a LIVING trust, Karyn, there is a trustee named first. Then there are successor ... | |
| Earnest money question....... | 9/27/2006 |
| Q: Howdy!!! Just a simple question for you please, Once a buyer presents an earnest money check where ... A: The earnest money check is usually made out to the escrow or title company that will be handling the ... | |
| Purchase Agreement Issue | 9/26/2006 |
| Q: I am due to settle on a new house on 20th October. When we did the indspection, several things were ... A: Your purchase agreement stipulates that the closing will take place on a certain date. If all the ... | |
| co-ownership | 9/26/2006 |
| Q: One other problem...my sister has no intention of selling our home. Compared to rents in our ... A: It doesn't matter if she wants to sell or not. The court will decide how and when it is going to be ... | |
| co-ownership | 9/25/2006 |
| Q: Dennis, First I must say that this website is fantastic. I noticed many responses to co-ownership. ... A: You need to contact a real estate attorney and have the property sold through a partition (the ... | |
| Terminating Contract with Realtor | 9/23/2006 |
| Q: We are currently listed with a real estate agent and are very dissatisfied with his performance. We ... A: Thirty seven years in this business, Mark, and I have never seen such a slimy, sneaky time period ... | |
| Buying out a life estate | 9/23/2006 |
| Q: here is the situation: My sister and I are on the title of the property our dad left with our step ... A: Your stepmother is not on title, right? Therefore she cannot do anything with it, certainly not sell ... | |
| Odd home buying situation | 9/22/2006 |
| Q: Through family friends, my husband and I have found a house that we are interested in buying. The ... A: YOu definitely need someone like a real estate attorney or very knowledgeable Realtor working to ... | |
| foreclosure purchase at courthouse | 9/21/2006 |
| Q: If your home is sold at the courthouse step. Do you as the home owner still have a time period to ... A: Each state has it's own agenda regarding redeeming the foreclosure of a property, Rose. You should ... | |
| Construction Loans to Mortgage | 9/19/2006 |
| Q: We're buying an older rural property and starting with a construction loan to repair, update and add ... A: What would you do if you saw that you were about to come down with a very grave illness, Wendy? ... | |
| mobile home title | 9/15/2006 |
| Q: I purchased a 1977 mobile home from the owner. I have never bought a home before. I only have ... A: Had you used a real estate agent or a real estate attorney, you would not be in the spot you are in ... | |
| Referral Fees | 9/15/2006 |
| Q: I'm sending over referral leads to another real estate agent associate of mine practicing out of ... A: Since you are both associates, YOU DO NOT PAY ANYONE ANYTHING NOR DO YOU GET PAID FROM ANYONE. Your ... | |
| Getting out of a contract | 9/14/2006 |
| Q: How do i get out of a new contruction contract? I put $5000 down with KB homes about 6 mos ago. ... A: Check your contract very carefully and see if there is a date on which the home is to be finished, ... | |
| 1031 exchange | 9/12/2006 |
| Q: In a 1031 real estate exchange....property A is sold for $350k and property B is purchased for ... A: The way I see it, it is a $350,000 purchase because the purchase agreement says so. It's just that ... | |
| Selling my house or should I rent it? | 9/11/2006 |
| Q: Mr Dennis, Thanks for taking the time to answer my question. I am thinking of selling my home. My ... A: You'll be negative each month when you add in the property taxes and insurance. If you can handle ... | |
| mortgage loan | 9/11/2006 |
| Q: I have a couple of mortgage problems that I am hoping that you can help me out on. First of all I ... A: First of all, Amy, I have been a California broker since 1971. There is very little in real estate ... | |
| Purchase Contract | 9/8/2006 |
| Q: Good Afternoon: My husband and I were interested in purchasing a house. The contract expired at ... A: As you know, Sue, the seller must sign a release of your deposit. Therefore, show that you mean it. ... | |
| Cancelling contract | 9/6/2006 |
| Q: Can we just cancel the listing before the expiration date due to a "change of mind" without ... A: If you'll read the listing, Tammy, you will notice that you are obligated to pay the commission if ... | |
| Cancelling contract | 9/6/2006 |
| Q: We listed our house in So Cal on 7/2/06 for 3 months, we listed at a lower price than others in the ... A: No, Tammy, you are not obligated to sell your house to a full-priced offer. But you would be ... | |
| Buying house | 9/6/2006 |
| Q: Im thinking about looking into buying a house.. 1st time buyer.. and do not know where to begin.. or ... A: You first find yourself a mortgage representative who will help you qualify for a house of your ... | |
| Realtor Contract | 9/5/2006 |
| Q: We signed a six month realtor contract that terminates in November. While our realtor has shown us ... A: You merely have to read the contract you signed, Jason. You will notice it does not even mention ... | |
| Preforclosed homes | 9/4/2006 |
| Q: what is the different between preforclosure and a plan out forclosure? I have listing, for homes in ... A: Foreclosures in each state is different. I recommend you go online in your state and ask how ... | |
| Subcontracting on new home | 9/2/2006 |
| Q: and thanks in advance. I own a small audio visual company in Seattle. I wired a new townhome for a ... A: You really don't care, Glen. Just take the matter to small claims court and name the owner and ... | |
| Lawyer missed closing date | 9/1/2006 |
| Q: My closing date has come and gone on a new house that I purchased - My lawyer missed the closing ... A: This is really not a real estate question, Claudia, however, if he has actually cost you money, then ... | |
| Life Estate | 8/31/2006 |
| Q: My mother has a life estate in a home which my brother and I are joint tenants in common. She has ... A: Well, Luci, it is obvious that the person who asked you to "market" the life estate doesn't know ... | |
| Tax delinquent properties | 8/30/2006 |
| Q: I have currently been working as a loan officer for 8 months and I have been saving a considerate ... A: Don't look a gift horse in the mouth, Mike. You have found an area from which most real estate ... | |
| Recision | 8/29/2006 |
| Q: Does Illinos have a 3 day period where you can back out of a contract? We were thinking of builing ... A: I am not aware of any state permitting a 3-day right of rescission in buying real estate. I have ... | |
| Divorce...how to give the house? | 8/28/2006 |
| Q: My husband and I are getting a divorce and the one good thing about it is that we're doing it ... A: Everything you asked, Kathy, could/should be answered by your attorneys. Most attorneys know ... | |
| No trailer title | 8/28/2006 |
| Q: I recently e-mailed you about the trailer house I purchased, it was paid off over 5 months ago. I ... A: If he is the landlord (owner) of the property on which your trailer rests, he can ask you to leave ... | |
| mobile home title | 8/26/2006 |
| Q: I bought my mobile 2 yrs. ago, it is in a park and not on a foundation. I paid the house off about 5 ... A: Very simply tell him, Kathleen, that if you do not get the title to the mobile home within five ... | |
| life estate be broken | 8/26/2006 |
| Q: however the question was can a life estate be broken, my husbands will devised all property to ... A: Then you did not understand my reply, Ms Smith. A life estate is broken when the person who benefits ... | |
| discounts? | 8/25/2006 |
| Q: how do i find real estate at deep discounts? how do i know when the listing is deeply discounted ... A: I doubt if you are willing to work for it like you should. And you DO HAVE TO WORK FOR IT. You have ... | |
| life estate | 8/25/2006 |
| Q: can a life estate be broken. my husband died with a will deviseing all property to me and my 11 yr ... A: A life estate is usually given by someone who in most cases gives that life estate as part of his ... | |
| Looking at a Rent-to-Own Home | 8/25/2006 |
| Q: Dennis, I'm looking at a rent-to-own home on the Monterey Peninsula in Ca. Both rent and home ... A: If you found a seller who is willing to lease/option his property, that's pretty good for that area. ... | |
| new home flooded in construction | 8/25/2006 |
| Q: I am currently in the process of purchasing a newly built home, my first, by a very reputable ... A: Not exactly correct, Derek. You live in the house. And as long as you have no trouble with ANYTHING, ... | |
| RENTING VS. SELLING MY HOME | 8/25/2006 |
| Q: MY HUSBAND AND I PURCHASED A HOME IN LOUISIANA IN MAY OF 2006. WE HAVE RECENTLY DECIDED TO SEPERATE ... A: My guess is that if you can't afford the monthly payments, you may not be able to get the rent to ... | |
| buying house | 8/24/2006 |
| Q: my friends bought a house two monthes ago in Ann Arbor,mi. Now they find out there are leaking in ... A: It all depends on what their purchase agreement said. Most states require a sellers disclosure ... | |
| Furnished vs. Unfurnished Selling | 8/22/2006 |
| Q: My husband and I are selling a home in Austin, TX where the market happens to be hot right now. Our ... A: Unfortunately, Sara, you have a misconception that whatever you put into a house you are entitled to ... | |
| Buying out Partner | 8/22/2006 |
| Q: my partner and i have recently split and I wanted to know what are my options in buying her half of ... A: First, Charles, you are going to have to realize that until you do refinance the loan, she is going ... | |
| buyers remorse | 8/21/2006 |
| Q: I have signed a purchase aggrement. I am having second taughts about this house. Is there a way i ... A: Check your contract over very carefully and see if there is a clause that gives you the right to ... | |
| Non-Disclosure about Septic Tank Problem | 8/21/2006 |
| Q: I purchased my home in Tennessee in September 2005, but didn't move in until mid-November. Less than ... A: You are permitted to sue in small claims court for up to $7,500 (in most states, $5,000 otherwise), ... | |
| security deposit | 8/20/2006 |
| Q: Dennis, Thanks for the quick response. I did not know I had any recourse or action I could take ... A: That's right. The attorney will know as long as he is a real estate attorney. NO title company has ... | |
| leased land | 8/20/2006 |
| Q: Saw your answer about homes depreciating as the lease goes on. Thinking about selling our home. ... A: If your house is on leased land, especially a five-year lease, your house has very little value. ... | |
| security deposit | 8/19/2006 |
| Q: I am/was purchasing a home. After my home inspection and 3 days prior to closing I did my final ... A: If you read the purchase agreement, it does say that if any damage is done to the property via ... | |
| Equity Share or similar arrangement | 8/17/2006 |
| Q: My wife and I currently own a house in the SF Bay Area of California. As I'm sure you're well aware ... A: First of all, Jason, your MI-L has to be on title with you if she is to be considered for any kind ... | |
| moving in to our new home | 8/16/2006 |
| Q: Me and my husband just bought our first home and the people living in told us the day we sign off on ... A: That's a lot of damn nerve, Judy. If you have a Realtor representing you on the purchase of that ... | |
| Transaction gone bad | 8/15/2006 |
| Q: I really don't know what to do. I put a contract down on a house that was listed without any short ... A: It sounds like you did not have a knowledgeable Realtor representing your interests, or a REAL ... | |
| Adverse Possession in California | 8/15/2006 |
| Q: To claim adverse possession, California law requires "the land has been occupied and claimed for the ... A: You left out, "hostile and open," Jim. That's why you may see a wire or temporary fence across the ... | |
| Can I be kept from selling my house | 8/14/2006 |
| Q: I am supposed to close on a new home in about 60 days. When signing the original contract I had to ... A: Sorry to inform you what you did not want to read, Russ, but many builders put that clause in their ... | |
| Foreclosed/abondoned homes for sale in NYC | 8/13/2006 |
| Q: My husband and I are looking to purchase a foreclosed or abandoned home in NYC (preferrably ... A: Since you haven't asked me a question, I will tell you what I would do here in California. If I ... | |
| Selling a home and building a home. | 8/13/2006 |
| Q: I live in Oklahoma City, Oklahoma. In June of this year my wife and I started construction of a new ... A: Since you didn't actually ask me a question, Jeff, I will address a few things I saw in your "book." ... | |
| Gift of equity question. | 8/12/2006 |
| Q: Me and my husband are selling one of our investment properties and would like to give my mom ... A: Each of you may give $12,000 per person, per year, tax free up to one million total lifetime. The ... | |
| Buying tax deliquent property | 8/11/2006 |
| Q: I recently came across (on the internet) a list of Trustee Properties in the county where I live. ... A: You can be guaranteed that there will be people who will have done their research BEFORE the submit ... | |
| Cancelling realtor contract | 8/10/2006 |
| Q: We were naive enough to buy this house advertised as a 3 BR, so there are people out there! We ... A: You certainly may, but I doubt if it is going to happen. But if you are adament when you tell them ... | |
| Closing Date missed | 8/10/2006 |
| Q: I am currently building a home. The Contract a closing date of 1 September 2006. There is no way ... A: It depends what your contract with the builder says. I suggest you talk with a REAL ESTATE attorney ... | |
| buying a home in Canada as a non-resident | 8/10/2006 |
| Q: I am a Canadian citizen but now residing in California, USA. My husband (american citizen) and I ... A: There's a very knowledgeable Canadian real estate agent who operates in Toronto, actually a suburb ... | |
| 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: You've just learned one of life's lessons, Karen. Anytime the other party asks for something, ... | |
| Cancelling realtor contract | 8/10/2006 |
| Q: I have had my house up for sale with a realtor for 10 weeks. Although we bought it advertised as a ... A: You would not be filing any complaint with the state department of real estate. You would file it ... | |
| buying out my ex pertner of our house | 8/10/2006 |
| Q: My partner and i have just recently split,we bought a house together on aug 6th 2005.my morgage ... A: You can buy her out for whatever you feel the value is worth, Anthony. But be aware that the market ... | |
| Credit at Closing | 8/9/2006 |
| Q: This just burns me up. We recently bought a home and since we did a FSBO on our previous home, we ... A: You can take your complaint to the local Board of Realtors since the office manager has done nothing ... | |
| roof problems found in inspection | 8/9/2006 |
| Q: my wife and I trying to buy a house. The inspection revealed a significant mold problem in the ... A: When buyers search for a house, Frank, THEY EXPECT the roof to be in livable condition. In fact, had ... | |
| l | 8/7/2006 |
| Q: Long story short, my wife & I have a property in FL that we desperately want. We are closing on our ... A: Even when you DO have a job waiting, lenders will hesitate to finance your new property. The fact ... | |
| Canceling our listing contract | 8/7/2006 |
| Q: First, I would like to say thank you for being a resource. We feel so stuck. We listed with agent ... A: I know you really don't care, Leanne, but, yes, H does have something invested, but your ... | |
| Listing Agreement Canceling | 8/7/2006 |
| Q: I signed a 6 mo listing agreement with my agent. Unlike most posts, I think my agent has done a ... A: Anywhere on the listing agreement have the agent write, "This listing may be cancelled ... | |
| Buying outright vs. a loan | 8/6/2006 |
| Q: My girlfriend and i have been together for a year, and we plan to get married. Her father recently ... A: To improve the status of your credit, I would get at least a loan equal to one/third of your ... | |
| Poor Representation | 8/4/2006 |
| Q: I signed a contract with an agent to sell our home in May. The home is Nevada and I moved to ... A: Obviously, Cheri, they have not lived up to their listing agreement. Tberefore, it is cancellable. ... | |
| Agent and Broker won't work with us | 8/4/2006 |
| Q: If we just wait out the remainder of our contract, is there anything they can hold us to within the ... A: As long as those people were not introduced to your property by your agent, you have nothing to ... | |
| Agent and Broker won't work with us | 8/4/2006 |
| Q: Ok, this may seem a little long, but this "mess" has been going on a little while. In March we ... A: First of all, Bill, you have learned NEVER sign a listing for more than three months. I have never ... | |
| dont know what i can do ... | 8/3/2006 |
| Q: I have a promblem,My father passed away over two years ago.He left his house to me and my cousin we ... A: Ordinarily, all you'd have to do was to engage a real estate attorney to file a suit for PARTITION. ... | |
| Guest House not permitted and not disclosed | 8/3/2006 |
| Q: I bought my historic (1921) home 1 year ago, It was listed and shown as Main House with a guest ... A: The key to your question, Brenda, is the disclosures. If I were you I would contact the Realtor(s) ... | |
| property tax and deceased property buying | 8/2/2006 |
| Q: I have been living in the house my Mother lived in my whole life of 37 years. She recently passed ... A: If you have a living trust, that means you are the new trustee. It also means the property's title ... | |
| Firing my (buyers) agent while in escrow | 8/2/2006 |
| Q: hope you can help me see how ugly this might become. I am currently in escrow on a semi custom spec ... A: In real estate there is what they call, "the procuring cause," Ray. Unfortunately, SHE IS the one ... | |
| Deed's of Trust signed by person without ownership | 8/1/2006 |
| Q: In 1998 my husband purchased a home and the original warranty deed was written granting the property ... A: Based on how you phrased it, Andrea, just as your husband and his ex were able to refi the property ... | |
| Selling a home with existing lien on it | 8/1/2006 |
| Q: I live in Ohio. I am two payments away from having my mortgage paid in full. Ten years ago I ... A: You could put your house on the market even now . . . or later. It doesn't matter. When you get a ... | |
| Please help with an unwated property split | 7/31/2006 |
| Q: I have a friend that is a same sex relationship (in Fl). She wants the relationship to be over, ... A: That's what filing a "partition" lawsuit is all about, Jessica. Your attorney knows all about it. He ... | |
| Buying House of Deceased Owner | 7/30/2006 |
| Q: there! I'm buying a house where a mother and daughter owned the property and the daughter passed ... A: What seems to be the problem? Clearing title usually takes no longer than a week or two at most, ... | |
| selling land | 7/30/2006 |
| Q: We own a 5 acre plot of land in Central Florida, that we inherited. We built our home on 1 acre ... A: Is it really worth the risk, Steve? A REAL ESTATE attorney would make sure you are doing it ... | |
| Anyway to back out of contract? | 7/28/2006 |
| Q: I'm trying to buy a condo in Texas. We signed the standard TREC condo contract along with a third ... A: You said that the loan was denied because of appraisal problems? That means the property did not ... | |
| quit claim | 7/28/2006 |
| Q: If I quit claim a home to someone with a mortgage owing, and they payoff mortgage, how do they ... A: When that quit-claim deed is registered in the county recorder, that's it. The new owner with his ... | |
| Capital Gains on Owner-Occupied Two Family House | 7/27/2006 |
| Q: We will be living in our two family home for two years as of 2/1/07. We will have rented out the ... A: It applies to single-family homes and if a two-family property is involved, it would apply to half ... | |
| Deed | 7/27/2006 |
| Q: I recently learned that in the early 1970s our family farm may have been placed in my name. At that ... A: All you have to do is to go to a title company, Chris, and ask them to check the line of title to ... | |
| mortgage | 7/26/2006 |
| Q: I SPOKE TO A BANK THAT AGREED TO GIVE ME A LOAN, BUT MY FATHER IS GOING TO SELL IT FOR 117,000. THE ... A: Tell the bank to make it $129,000. That way, your father is permitted, according to IRS this year, ... | |
| Title Troubles | 7/26/2006 |
| Q: We had an agent on our side as well. She really did take it off the market. The sign in the yard ... A: Well, I can think of two things: 1. Maybe someone else is on title with her and she was trying to ... | |
| mortgage | 7/25/2006 |
| Q: I LIVE IN MN MOVING TO CHICAGO. CAN I GET A MORTGAGE LOAN FROM ILLINOIS EVEN THOUGH I DON'T HAVE A ... A: If your credit is very good, you can get a loan from any state. But you said that your father was ... | |
| Firing your realtor (buyer) | 7/25/2006 |
| Q: well, thanks for that, i was in anycase going to hire an attorney but up and until reaching that ... A: You might want to go to the local Board of Realtors and ask to speak to the person who takes care of ... | |
| Buying first Investment Property | 7/25/2006 |
| Q: What are some important questions I should ask the selling agent? Should I ask over the phone before ... A: There's a difference in real estate agents, Jodie. Many of them out there don't know very much more ... | |
| Firing your realtor (buyer) | 7/25/2006 |
| Q: I am in the process of buying an apt and saw this really nice apt (thru a realtor) but now i am fed ... A: You still may be liable to your agent for his fee, whether you buy it through him or not. However, ... | |
| Title Troubles | 7/24/2006 |
| Q: My husband and I have been looking for a home in Baton Rouge, La for over a month now. The market ... A: You just bucked up against a seller who can't make up her mind when Old Man Greed stares her in the ... | |
| buying a home | 7/24/2006 |
| Q: my wife and i are buying a 2 family house and are in contract and just received our letter of ... A: Don't think there's anything underhanded going on here, John. The real estate agent is plain old ... | |
| Question on selling inherited property | 7/24/2006 |
| Q: ..We have inherited a townhome that we've lived in for 20+ years. The owner passed away last year; ... A: If you live in it as your primary residence for two more years, you would then be eligible to ... | |
| how to evict a co ower after giving a judgement to sale property | 7/23/2006 |
| Q: I went to court and won a judgement to have the property I co-own with another party. I want to ... A: Since this more of a legal problem than a real estate problem, I suggest you ask an attorney your ... | |
| No final walk through with the buyer, | 7/23/2006 |
| Q: I had an investment condo, about 200 mi from my home, which sold. Escrow closed 7\12. When the condo ... A: You have a lot to learn in real estate, Scott. I am sure the purchase agreement said something like, ... | |
| buying new home | 7/23/2006 |
| Q: Currently my income alone pays for the first house and all other bills. Would we be able to get a ... A: There's no way for me to know the answer to that, Tyson. I do not know the price of house you want ... | |
| can i qualify for a mortgage? | 7/23/2006 |
| Q: my girlfriend and i are looking into buying our first home. most likely we can only afford a condo, ... A: I am sure it is the furthest thing from your mind, but one thing you should do AT THE TIME YOU BUY ... | |
| Buying out parents | 7/23/2006 |
| Q: Two years ago, my husband and I bought a condo in California 50/50 with my parents. My husband and ... A: You may handle the transfer of title anyway you want, Lisa, but one way or another you ARE going to ... | |
| buying preforeclosures | 7/22/2006 |
| Q: I would like to know the best way to find information about homes in preforeclosure, before they are ... A: You have to keep your eyes on the publications, Justin (newspapers, etc.) that publish the first ... | |
| how to get an abstract | 7/22/2006 |
| Q: I am selling my home but cannot find the abstract to my house. I have refinanced 2 or 3 times and I ... A: You don't need your abstract at this time. Your Realtor will have it prior to meeting with you to ... | |
| New Home Warranty | 7/22/2006 |
| Q: I closed on my new home in Feb. 2005. I bought directly from the developer. I first noticed a leak ... A: You should call in a roofing contractor to assess the amount of damage there is and if it indeed is ... | |
| net estimate way off | 7/22/2006 |
| Q: I recently sold my home and my realtor estimated that I would receive between 10 and 15 ... A: Based on what you said, Jody, sounds like she's running a scam. In real estate, if it is not in ... | |
| selling by owner | 7/21/2006 |
| Q: My husband and I are selling our home ourselves. We did obtain an attorney. We have a buyer. We ... A: You are in the process of learning two lessons, Kim. 1. A good Realtor is worth his/her weight in ... | |
| QUICK DEED | 7/21/2006 |
| Q: I AM MOVING FROM MINNESOTA TO CHICAGO. MY FATHER IS GOING TO PURCHASE THE HOUSE FOR ME BECAUSE THE ... A: The term is QUIT-CLAIM DEED, Joy. If he quit-claims it to you, you would then have to get a new loan ... | |
| Binding Contract | 7/21/2006 |
| Q: Well he wants his commission plus a admin fee or he's going to take me small claims court. He's ... A: He's bluffing you! You can go to the hardware store and buy two new locks to replace what you have ... | |
| unconditional release | 7/20/2006 |
| Q: I have a property listed for 3.4ml with a real estate agency. They have sold it 2 times and both ... A: First, Scott, remember this: "In real estate, if it is not in writing, it was never said." ... | |
| 1031 property exchange | 7/20/2006 |
| Q: My mom wants to sell the house and move to a better area. Would I be able to do the 1031 after I ... A: If you're living in the house, there is no point in going for the 1031. While you're living there, ... | |
| Non-disclosure of leaks | 7/20/2006 |
| Q: We are in the process of buying a home - we have come to find out, that the owners and real estate ... A: As long as Maryland has a law that says the seller must disclose EVERYTHING, then it appears that ... | |
| When to sell | 7/20/2006 |
| Q: Me and my husband bought our first home almost a year ago. We knew when we bought it , it was by a ... A: Something tells me the people who sold you that house were ecstatic when the deal closed. Now you're ... | |
| Binding Contract | 7/20/2006 |
| Q: Hey Dick, Please help! I’m in the process of selling my home and I’m extremely disappointed in my ... A: It is true, Marc. By not giving you a copy of the listing, he has flagrantly violated the Code of ... | |
| Selling a Home in Foreclosure | 7/19/2006 |
| Q: My grandmother purchased a home for my cousin and my cousin was making the mortgage payments. Now, ... A: The foreclosure process in California is 111 days, however it seldom is less than 120. In whose ... | |
| Purchase Agreement? | 7/19/2006 |
| Q: One more quick question. This buyer is making a huge deal about the situation. Is there anyway I ... A: When I come across those kind of people, I just tell them to go fly a kite. You signed a purchase ... | |
| selling a house that's in a trust | 7/19/2006 |
| Q: My husband and I are recently married. We want to sell his former (paid off) home that is in a ... A: I know you most likely would want your own new house but you may be hit for a capital gains tax. ... | |
| buying a home | 7/19/2006 |
| Q: I SIGNED A CONTRACT WITH A BUILDER FOR BUYING A HOME AND GAVE HIM EARNEST MONEY 7500 DOLLARS.THE ... A: You have more of a legal problem here than you do a real estate problem. Therefore, you should ... | |
| 1031 property exchange | 7/18/2006 |
| Q: My mom and I been living in the house for the last 10 years. We maintenance the house and still ... A: Why bother with a 1031, Vincent? Once you own the property you can live in it for two of the next ... | |
| Selling property | 7/18/2006 |
| Q: Sorry if I said it wrong but, what I mean is I'm not trying to sell the property to my partner but ... A: You still have to do a lot split, Perry. Only this time, you do one that splits off the two and a ... | |
| Purchased new home and owner will not vacate | 7/18/2006 |
| Q: We live in MA. and purchased a home 5 months ago. At closing the owner informed us that his new ... A: Remember this if nothing else, Mike: In real estate, if it is not in writing, it was never said! ... | |
| Asbestos not disclosed | 7/18/2006 |
| Q: When the listing agent did an open house, a neighbor who has extensive experience in managing ... A: Your agent should have found out for you and told you. If you had no agent then the listing agent ... | |
| selling my mobile home | 7/18/2006 |
| Q: We owe $55,384.02 on it and we are asking $60,000.It is a 30 year mortgage. We have had the house ... A: First thing you do is to get a release from your listing with that agent. After you do that, contact ... | |
| foreclosure | 7/18/2006 |
| Q: I have a second mortgage property in which tenants have resided for almost two years. Payments have ... A: You already know this, Stacy, but you have no business being a landlord. For future reference, being ... | |
| Buying a house | 7/18/2006 |
| Q: I am currently in talk with a man to purchase a townhouse, and and he is offering it as a ... A: Since you are new to real estate, I strongly recommend you consult with a local REAL ESTATE attorney ... | |
| Buying land with brother | 7/18/2006 |
| Q: My brother and I are interested in purchasing a house on 52 acres of land. We both have families. My ... A: I would recommend you make a lot split. You will have to go through the paperwork with the county ... | |
| 1031 property exchange | 7/17/2006 |
| Q: My brothers own a home in Los Angeles. The basis of the house was $175,000.00. The FMV of the ... A: Once your brothers give you the house, your tax basis will be zilch. That's because that is how much ... | |
| new property | 7/17/2006 |
| Q: my father passed away. in his trust it states that i am vested in his estate. what does this exactly ... A: You are not exactly asking a real estate question, Jon. You are asking an estate question. You ... | |
| Selling property | 7/17/2006 |
| Q: my question is i own a property with someone else and would like to sell a portion of it for some ... A: You create a new warranty deed by stating on it that Perry Sandhu and Partner hereby deed XYZ ... | |
| Custom Home vs Residential Home | 7/17/2006 |
| Q: Mr. Dennis, I recently moved to a small city from a lot larger city and it is my opinion that the ... A: One of the first clues I look for before I look to move into an area, Darnell, is to look at the ... | |
| Ethics and law Question | 7/16/2006 |
| Q: We finally found a house we liked, our first house, and made an offer. The house had been on the ... A: Based on how you explained it, Michael, YOU BET there was something against the code of ethics! The ... | |
| Home buying | 7/16/2006 |
| Q: My mother in law passed away and left her house to my wife and sisterin-law (the executer). If my ... A: You like to play dangerously, don't you? The county is going to catch up with you sooner or later. ... | |
| buying a home before divorce is final | 7/16/2006 |
| Q: I entered into a contract for the purhcase of a home for my son in his home state of FL while he was ... A: The VA loan is to be used exclusively by the vet, except if he cannot qualify for the loan without ... | |
| How to sell home without signature of spouse | 7/16/2006 |
| Q: Hell Mr. Dennis, My question concerns my sister who is going through a divorce. She was in the ... A: What's going on in Michigan? I've received so many questions regarding property there. Yes, I am ... | |
| Asbestos not disclosed | 7/16/2006 |
| Q: We bought a house under probate sale. In the sales contract, it stated "as is without ... A: Most probates are sold that way, "as-is with no contingencies" but they should at least have given ... | |
| ameriquest mortgage and the right to cancel | 7/16/2006 |
| Q: I have a question reguarding my right to cancel. I received a letter informing me that Ameriquest ... A: Are you sure you are understanding it correctly? If they say you have the right to cancel the ... | |
| How do I relinquish co-ownership of a home with my sister | 7/16/2006 |
| Q: I am a co-owner of a home with my sister. The home was bought in 1997. I am in the military and ... A: Assuming your sister does have good credit, I would think that the lender would accept her as the ... | |
| Vacant property insurance | 7/15/2006 |
| Q: You answered a question in regards to this before, but where do you find the brokers. We have a ... A: Do not go to the big companies (State Farm, Allstate, etc.) You should consult with an independent ... | |
| sellers responsibilities | 7/15/2006 |
| Q: We are in the process of purchasing a house in PHX. Having trouble getting straight answers from ... A: The PHX building department should know what you need to know. However, in the course of buying a ... | |
| Sell or hold on? | 7/15/2006 |
| Q: My wife and I recently bought a home in SW Florida in March 2006, the work situation has changed for ... A: Check to see what the market would be with a very knowledgeable real estate agent. Just be aware ... | |
| Selling Half your Equity | 7/15/2006 |
| Q: We would like to sell half the equity in our home to my parents. We then plan to use the home as a ... A: Be aware, Mara, that if you do not watch and tend that property once you move out, you're letting ... | |
| Realtors & For Sale by Owners | 7/15/2006 |
| Q: We have our house for sale through a realtor and have recently found two homes that are for sale by ... A: You are not locked onto that Realtor, Adam, especially if yours is not willing to negotiate a lower ... | |
| five properties | 7/15/2006 |
| Q: these properties are located in Jackson, Mi If you could help me find someone to talk in person that ... A: I just read an Online article about how Michigan is really going down the tubes real-estate-wise the ... | |
| buying before home is sold | 7/14/2006 |
| Q: It's me again, LOri. I am putting my home on the market Sept 1st. I want to be in a new home by ... A: If you have the funds to buy another house while you're trying to sell the one you have, then go ... | |
| new vs old | 7/14/2006 |
| Q: I am female and divorcing, moving into my own place. I have been a homeowner for 28 yrs, not sure ... A: Looks like you're still a young'un, Lori, even after 28 years having been married and owning a home. ... | |
| five properties | 7/14/2006 |
| Q: I have recently gotten into real estate and I purchased five houses on my credit line. I do not ... A: I am sorry you got into the rental business (yes, indeed it is a business like any other) before you ... | |
| land sale | 7/13/2006 |
| Q: I will be buying 5 acres of land from my brother . where would I find a simple form to convey this ... A: You are asking for trouble, Joe, if you do not at least engage a real estate attorney to make sure ... | |
| real estate agent | 7/13/2006 |
| Q: I live in town A. Would it be to my benefit to use a real estate agent in or near town A or another ... A: After 37 years in this business, Lori, I am sorry to say your husband has a misconception. Now who ... | |
| House Refi or not | 7/12/2006 |
| Q: I recently inherited the house of the lady I was caregiver for. She still owes $50,000. It is ... A: It's up to you, Clyde. Would you rather continue with the payments you are making now, or would you ... | |
| Salespersons duty of disclosure | 7/12/2006 |
| Q: I am a licensed salesperson. I represented a buyer in a residential home purchase transaction in ... A: Don't bother with an attorney, Jay, unless they can prove there's enough money in this for the ... | |
| selling our home and purchasing another | 7/12/2006 |
| Q: How much should we expect to pay a real estate attorney for this service? Would it be unethical to ... A: It all depends on how much time the attorney will have spent on your transaction. I would suggest ... | |
| Selling home | 7/12/2006 |
| Q: Dick, Thank you for such a quick response. Yes we did discuss the details verbally. We had the ... A: Yes, I had that feeling. For whatever reason, Dawn, if a Realtor slows down on his obligations in ... | |
| Title Insurance | 7/12/2006 |
| Q: Mr. Dennis, My wife is considering purchasing a home in Ohio. She wants to go through the process ... A: First thing you have to look at, Tim, is IRC 121 in which you may exclude up to $250,000 in capital ... | |
| Basis of sale of condo | 7/11/2006 |
| Q: We have a condo that we only visit a couple of weeks a year and it is rented seasonaly. We ... A: It is considered income property and therefore you should have been taking depreciation each year ... | |
| Disclosure fraud | 7/11/2006 |
| Q: Mt ex-wife purchased a property in Ma. Disclosed in the advertizments and through the broker was ... A: If those items that were taken, Roy, were connected or attached to the property, it is considered ... | |
| no permits/bad results on home inspection | 7/11/2006 |
| Q: Okay, this is a compicated situation. We have made an offer on an older home (60+ years old) with a ... A: Well, Ashley, you're either buying the house "as-is" or not. If you're buying the property as-is, ... | |
| buying a home on a landcontract | 7/10/2006 |
| Q: can i buy a home on a landcontract for less than one thousand doen? A: It all depends on how good a negotiator you are, Tim. One thing you should know about is that a land ... | |
| Just moved in our home | 7/10/2006 |
| Q: We closed on our house on June 30, 2006, we started moving in on July 4th ,we woke up on July 5th ... A: As long as you can prove that the previous owners knew of this problem, Karen, you should not have ... | |
| Who needs to sign the title | 7/10/2006 |
| Q: Before I was married, my fiance and I bought a mobile home. We could not get financing so the ... A: In a divorce situation, Holly, no QUIT-CLAIM deed is necessary in selling the mobile home or ... | |
| Earnest money dispute | 7/10/2006 |
| Q: Sorry to bother again, but since the title company has cashed/and is holding the funds, we would not ... A: You can't have it both ways, Jessica. You either go to small claims court to retrieve your earnest ... | |
| Land Lease | 7/10/2006 |
| Q: My husband and I are looking to buy a vacation/rental home as an investment near the beach. Our plan ... A: Thirty three years have been used up on that land lease already. You will find that property with ... | |
| Mortgage Fraud | 7/10/2006 |
| Q: Dennis, I brought 7 properties from a Broker through a friend, and when I went to sell the ... A: You have a legal matter here, Indigo. Do not delay, go get yourself a GOOD REAL ESTATE attorney. ... | |
| Earnest money dispute | 7/9/2006 |
| Q: Recently my husband and I were in a contract to purchase a home. There were inspection issues that ... A: You did right, Jessica. Don't bother with the agent. Just take the matter to small claims court. ... | |
| listing expired.. options? | 7/9/2006 |
| Q: i had my house listed with an agent for 6 months. they put it on the mls and then sat back. no open ... A: Yeah, they do that. I am sorry to say too many of the real estate agents out there have a weird ... | |
| land financing | 7/9/2006 |
| Q: WE ARE SEMI-RETIRING IN JAN.07..LOOKING FOR SMALL ACREAGE IN NORTHERN ARKANSAS TO PURCHASE NOW, AND ... A: Quite frankly, Kathleen, you have two strikes against you in your goal for January: Your recent ... | |
| collecting a finder's fee in new york | 7/9/2006 |
| Q: Does one have to have a real estate license, broker's license, or some other type of license in ... A: Just call up or sit down in the office of a REAL ESTATE attorney and ask. I cannot say for sure, for ... | |
| selling a rental property | 7/9/2006 |
| Q: I have a tenant who recently signed a new lease on a property I own in New Mexico. Due to some ... A: If you sell the house, you're going to have to sell it as a rental. The property is going to change ... | |
| Sell to my son? | 7/8/2006 |
| Q: Anotheras a co-trustee or successor-trustee, can or does my son receive any benefits that would ... A: I recommend you talk to that TRUST attorney or a CPA or a tax attorney or a tax expert of some kind. ... | |
| Sell to my son? | 7/8/2006 |
| Q: My son lives in CA and I live in Nebraska. I am buying my home valued at approx. 150,000.00 and owe ... A: I am presuming you are not 62 yet, Marjie, so I won't discuss a reverse mortgage. I will go to what ... | |
| Terminating Contract/Auction | 7/7/2006 |
| Q: I am a first time seller and have been very disappointed in our realtor. It took over a week to get ... A: I don't know where the property is located, Laura, but you definitely have grounds for cancelling ... | |
| renting your house through section 8 | 7/7/2006 |
| Q: for example what steps would i have to take to get in contact with someone to get my house rented ... A: Rather than having me go over what you must do to sign up for Section 8, Shani, go to the subject ... | |
| A bad realtor | 7/6/2006 |
| Q: Our realtor won't help us. We have an offer and have agreed to it and the buyers agent wants to meet ... A: Based on what you have written, Jane, I wouldn't wait one more minute and send his company a notice ... | |
| sell a house | 7/6/2006 |
| Q: My mother in law is in CA and almost done a litigation with her sister for the house. She's getting ... A: As long as she is the only one on the title of the property, she may sell it or do anything she ... | |
| Can I buy a home without a Realtor | 7/6/2006 |
| Q: Wanted to find out can I legally, buy a home without a realtor in California, If the person selling ... A: Anyone may buy a home from the owner without a Realtor, Arnold. If the seller has his home listed ... | |
| how do you sell your half of a house to the co-owner? | 7/5/2006 |
| Q: Dick, I am closing on a house that will be co-owned by a friend. When it comes time when one needs ... A: I would suggest you construct a written agreement that defines how you are to be paid for your ... | |
| Getting my Good Faith Deposit Returned | 7/5/2006 |
| Q: How long should it take for a broker to return a good faith deposit after agreement of sale has been ... A: The seller must sign a release of that deposit, Shalae. If he does not sign it and have the money ... | |
| foreclosure | 7/5/2006 |
| Q: my great aunt deeded her house over to her son several years ago, giving herself a lifetime right. ... A: What she has is a "life estate." You can see why, now, why your great aunt should not have given him ... | |
| major repairs before selling a home | 7/4/2006 |
| Q: My disabled sister is on a limited income. She needs to sell her home in the FL panhandle. It's a ... A: Sorry to disappoint you (and your sister), Cindy, but none of what you mentioned pays for itself ... | |
| found a home, what now? | 7/3/2006 |
| Q: My wife and I found a home we like. We called the realtor's number on the sign, he came out and ... A: It's a matter of ethics, Wade. You asked another Realtor to show you the house, yet you are going to ... | |
| cancelling a listing agreement | 7/3/2006 |
| Q: My husband and I have been married for 2 months and both own a home. We found a home - are ... A: As long as your husband is the sole owner of his house, and he signed the listing agreement, then it ... | |
| Real state agent | 7/3/2006 |
| Q: I'm trying to buy a house and I have a friend that says he is a real state agent. I'm not sure he is ... A: Yes, JuanCarlos. Here in California you can go to http://www.dre.ca.gov/ (The Department of Real ... | |
| Joint tenency | 7/2/2006 |
| Q: My boyfriend and I purchased a home together, both names on the loan and title, 3 years ago. I was ... A: You're going to have to contact a REAL ESTATE attorney and force the partition sale of the property. ... | |
| Closing | 7/2/2006 |
| Q: What are the essentials that I need to be aware of before accepting an offer and closing on the sale ... A: I believe in doing it professionally. Go out and interview some Realtors. After two or three ... | |
| Quit Claim Deeds | 7/2/2006 |
| Q: 000 mortgage If i were to Quit Claim the place to some one how much more paper work would I have to ... A: Based on your question and how you phrased it, Terry, I strongly suggest you have a REAL ESTATE ... | |
| capital gains / split 2yrs owner occupied | 7/2/2006 |
| Q: The purpose of this email is to see if I qualify to avoid being hit with capital gains. I purchased ... A: I suspect you asked this question of me once before, Wendy. I answered it this way: Yes, you may ... | |
| quit claim mistake | 7/2/2006 |
| Q: My ailing mother quit claimed a piece of commercial property to me and I find that created a bad tax ... A: Yes, Jim, I have had this problem posed to me many times when people tried to skip going to a tax ... | |
| sale of home/inheritance | 7/1/2006 |
| Q: my name is John. Earlier this year my father passed away and the family home in San Diego was sold ... A: I am not sure I understand your question. When the escrow closes, 30-45 days, that is when you ... | |
| breaking contract | 7/1/2006 |
| Q: My wife and I are supposed to close on a home at the end of the month but I have some concerns. ... A: My guess is that this is your first home, Everett. Down through the years I have found that the ... | |
| PURCHASING A DEED FROM A LENDING INSTITUTION | 7/1/2006 |
| Q: MY HUSBAND IS WANTING TO SELL LAND THAT HE RECIEVED IN A DIVORCE SETTLEMENT. HE CAN'T GET FULL ... A: As long as you make a legitimate offer to purchase that note and deed of trust (or mortgage), you ... | |
| sale of home/inheritance | 7/1/2006 |
| Q: my name is John. Earlier this year my father passed away and the family home in San Diego was sold ... A: Who represented your interests? That is the person that should know the answer to your question. If ... | |
| Appraisal for Selling my Home | 7/1/2006 |
| Q: I put my house on the market to sell. I have a Realtor and now my house has a contract for someone ... A: As long as a legitimate offer was made by the buyer with a valid earnest money deposit and the ... | |
| Canceling a listing contract and selling to co-owner by quit claim deed | 6/30/2006 |
| Q: We are co-owners of a rental property. We wanted to sell the property and use our portion of the ... A: I suspect you already know the answer, Julie. Your listing no doubt gives you the answer: The ... | |
| Windows | 6/30/2006 |
| Q: We are getting ready to sell our home in the next year. It is about 20 years old and are going to ... A: I would have to know what your house looks like, Tonja, but generally, I would say vinyl, double ... | |
| Buying from a LIVING TRUST MEMBER | 6/30/2006 |
| Q: We are planning to buy a house. The Seller has died, but has created a living trust on his name. We ... A: If you are buying from a living trust, Kumar, the person who is a succeeding trustee is the person ... | |
| credit problems | 6/30/2006 |
| Q: We had excellent credit before 9/11 caused job losses and we got heavily in CC debt. My husband is ... A: Some states have special "First Time Buyers" programs to help people buy their home. In some of ... | |
| Selling a jointly owned house and land | 6/28/2006 |
| Q: My sister and I jointly own a house and 6 acres. We both want to sell this property in a couple ... A: My suggestion would be to first split the land, three for each of you. Check with the county ... | |
| Selleing Contracts | 6/28/2006 |
| Q: We are currently selling our home and signed a contract with a listing agent/broker, but are ... A: You have no idea, Mike, how many questions I receive just like yours. What is happening is that ... | |
| selling a house in a buyer's market | 6/28/2006 |
| Q: good day. I live here in N.VA and purchased a house about a year ago. We bought the house right at ... A: What you don't want to do, Bryan is PANIC! Values indeed may go down, but if you originally intended ... | |
| VA LOAN GUIDELINES | 6/28/2006 |
| Q: I'm currently in the USAF and I'm stationed in Korea. As of May 2007 I'll be stationed in Hampton, ... A: I have never had a similar question posed to me before, Shannon. I have sold many, many VA homes, ... | |
| capital gains | 6/27/2006 |
| Q: The purpose of this email is to see if I qualify to avoid being hit with capital gains. I purchased ... A: Under IRC 121, yes, you must live in your residence for two an aggregate time of two years out of ... | |
| SELLING HOME TO A RELATIVE | 6/27/2006 |
| Q: WE WANT TO SELL OUR HOME TO MY WIFE'S SON. IT APPRAISED FOR MORE THAN WE OWE. WE WANT IT TO BE A ... A: If you want it to be a win-win for everyone, David, I suggest the following: Have three Realtors ... | |
| Land Ownership......Is this a good idea? | 6/27/2006 |
| Q: Mr. Dennis, I have been out of college now for over a year and half, and I have a fairly ... A: If you are even ABLE to get a loan on that land, the most any bank would lend on it is MAYBE 50% of ... | |
| Selling a house with a 2nd mortgage | 6/27/2006 |
| Q: I need to relocate for my job and sell my current home. I owe approximately 42,000 on a 1st ... A: You are responsible for the 1st AND 2nd mortgage, Melissa. The 1st and 2nd will become due and ... | |
| Real Estate problem | 6/27/2006 |
| Q: My husband and I just moved, and purchased a used house. Trying to save money, we did not hire an ... A: There was a time, Sharon, when buyers would purchase houses, the old saying, "Let the buyer beware" ... | |
| What are the tax benefits of mortgage interest | 6/27/2006 |
| Q: I've been told there is a tax write off when owning a home with a mortgage. If I paid $10,000 in ... A: If you pay $10,000 in yearly interest on your mortgage, Eric, you tax bracket will determine how ... | |
| Sellor's Liabilities | 6/26/2006 |
| Q: My daughter and her husband just bought their first home in the Los Angeles area. Before escrow ... A: It sounds to me like the seller provided a Home Warranty program for a year (usually a minimum) in ... | |
| Buying Investment (Rental) Properties | 6/26/2006 |
| Q: My husband and I have been considering buying rental property for investment. We want to buy a home, ... A: You ask a very deep question, Monica, that requires a very extensive reply. However, I do not have ... | |
| buying and selling | 6/25/2006 |
| Q: I live in Maryland and am looking to buy a house in Florida to be closer to my family. What are the ... A: There is nothing wrong with selling your rental house as an investment property NOW, Linda. You ... | |
| Voidable Contract? | 6/24/2006 |
| Q: Soon AFTER having had my offer accepted on a house, I learned (in casual conversation with the ... A: YOU BET, Kate. The Realtor was remiss in his/her job to advise you AT THE TIME YOU INSPECTED THE ... | |
| Can i cancel the house with my deposit back | 6/24/2006 |
| Q: I don't know much about law. However, when I purchased the house, I sign with a contract that I ... A: They are taking advantage of you, Jessica! Every purchase is subject to the approval of the loan. ... | |
| Transfer of Ownership | 6/24/2006 |
| Q: Mr. Dennis, My wife and I live in a home owned by her grandmother. Her grandmother recently passed ... A: No one can legally convey a title to property to someone else without having their name on title as ... | |
| Can i cancel the house with my deposit back | 6/24/2006 |
| Q: I purchased the house in July 2005 and was done on April 2006. The reason I could not get the house ... A: You write a letter (or have someone do it for you) and send it to the PERSON who took your deposit ... | |
| quit claim mistake | 6/24/2006 |
| Q: 4 years ago we purchased a home from a couple that was divorced. A Quit Claim deed was signed by ... A: If you actually paid for title insurance, YES, the title company should take care of this. And don't ... | |
| disclosure | 6/24/2006 |
| Q: We bought a house two years ago. It was for sale by owner. The seller was very kind and showed us ... A: Write a letter to the seller (if you know where they now live) and advise them that you are going to ... | |
| Sold Property | 6/23/2006 |
| Q: We heard from our attorney, and the Realtor who marketed our property. The attorney said we are ... A: Someone knew that sewer lien was going to go in BEFORE you bought the property and the seller and ... | |
| A Seeler Breached Their Contract With Me | 6/23/2006 |
| Q: I have a house that me and my finace put an offer on she countered then we made another counter she ... A: If you still want that house, Doug, offer to pay half of that $7,000 if the seller will pay the ... | |
| Sold Property | 6/22/2006 |
| Q: Three (3) years ago we sold our home in NJ and were represented by an attorney, as were the buyers. ... A: Keep after your attorney. Do not let him ignore you. Send him letters via certified mail. If you get ... | |
| Name not on deed | 6/22/2006 |
| Q: The last time we refinanced our home, my name was left off of the deed to our house. (I think this ... A: Some states will allow the husband to sell the property without the wife be present. I am not sure ... | |
| Selling real estate | 6/22/2006 |
| Q: Unfortunately I put a home on the market at the exact time buyers became scarce. My second home has ... A: I wish I had a remedy for you, Liz, other than you should have had the $249,900 price six months ... | |
| I have a buyer now what? | 6/22/2006 |
| Q: I have a buyer for my home and I am going to sell it by owner. He is already approved for a ... A: I would need to know in what state the property is located. You can also go to a title company or ... | |
| quit claim deed | 6/22/2006 |
| Q: My boyfriend and i live at a house that was owned by his brotherr and his mother. His brother just ... A: This is no time to worry about cost, if you want that house in your name. Go to a REAL ESTATE ... | |
| Life Estate | 6/21/2006 |
| Q: My parents entered into a life estate with my 2 sisters, one brother and myself. My Mom has passed ... A: The only way your name may be removed from a deed with a life estate is for you to sign it over to ... | |
| Agent trying to revoke accepted offer | 6/21/2006 |
| Q: My boyfriend and I bought some land for $85,000 in Washington and our offer was accepted yesterday. ... A: Based on what you have said in your note, you have an accepted offer. And that's that. It's up to ... | |
| Bypass buying agent | 6/21/2006 |
| Q: Mr. Dick Dennis, I have been looking for a condo to purchase for several weeks now with a realtor. ... A: You may use any Realtor you want, Mike. But be aware if you deal directly with the seller or through ... | |
| Abstract/Deed/Survey mixup | 6/20/2006 |
| Q: We recently listed our zero lot line for sale and upon listing it, realized that the deed and the ... A: Since you have your property sold, Steve, let the title company who is handling the sale take care ... | |
| owner to owner | 6/20/2006 |
| Q: owner wants 10,000 downpayment and 1000.00 per month till loan of asking price of 150,000 is paid. ... A: That is not the proper way to conduct the sale of real estate. Way too many things can and quite ... | |
| cancelling a listing agreement. | 6/19/2006 |
| Q: Im sure you have answered this question a million times, but I need some serious help. I am listed ... A: Do not hesitate, Shany. Do this: Send the office manager a letter everything that you have ... | |
| Selling by Owner to Couple in England | 6/19/2006 |
| Q: We are selling our house by owner, and a couple in England has contacted us. Their friends came ... A: The property is in Illinois, Stacia. Anybody who buys property in Illinois must abide by the ... | |
| Mobile Home Title | 6/19/2006 |
| Q: Six years ago we started buying a large double wide mobile home which is located on our acreage ... A: Whoever has your loan has the title. Just like your car. When the car is paid off, you get the title ... | |
| Cancelling a contract selling a home | 6/19/2006 |
| Q: I signed a contract in the state of MO to sell my home. The original closing date was July7th hich ... A: If youi signed any amendments, changes and extensions, and as long as the buyers will want to buy ... | |
| Rolling mobile home debt into new home | 6/18/2006 |
| Q: My wife and i live in a single wide mobile home in a park. We want to buy our first house. She had ... A: Try this idea: Go to your lender who has the loan on the mobile home. Tell them what you'd like to ... | |
| Disclosure Statements | 6/16/2006 |
| Q: I am closing on a house next week. I called the local water & sewer company & was told that the ... A: I don't know how bad you want that house, Andi, but if it was me, I would tell the agent, escrow and ... | |
| New Manufactured Home Closing Cost | 6/15/2006 |
| Q: The property is in Texas and we did have one other quote who was very similar. I just don't ... A: Then tell them you want to see a full accounting and reasons for the costs of all the closing costs ... | |
| New Manufactured Home Closing Cost | 6/15/2006 |
| Q: Breakdown of my costs: Base price of home $144,000.00 Land $ 39,000.00 Improvements $ 17,185.00 ... A: Where is the property located, Mary? The base price of the home seems OK, but the rest seems a bit ... | |
| undiscovered lien | 6/15/2006 |
| Q: Mr. Dennis. My husband and I recently purchased some property, and today I received, from the ... A: Assuming you got title insurance upon the purchase of the property, Heidi, you simply take it to the ... | |
| House built on sewer easement | 6/15/2006 |
| Q: Will the Title Co. Attorney suffice for this process? Should I retain a separate attorney? Thank ... A: I suppose you could petition the utility to abandon the easement, but your house is too new for ... | |
| House built on sewer easement | 6/15/2006 |
| Q: I've place a contract to purchase on a house. After the survey was performed, I learned the house ... A: If the utility company said they only need 5 feet, then have your attorney change the easement to ... | |
| Selling Land | 6/14/2006 |
| Q: I am wondering about the commission for an agent when selling land. I know that it is between 4 ... A: Yes, Isabel, land is usually listed at 10%, except when it is priced into the millions. Then the ... | |
| House Will Not Sell | 6/14/2006 |
| Q: Dennis: My questions are several and I appreciate your patience in answering them. Our home in ... A: 1. Your price is too high! Guaranteed. If you want to sell your house in today's BUYER'S market you ... | |
| Purchasing home | 6/14/2006 |
| Q: Ok, Thank you..One more question..having a home is it a big tax deduction?Hi, I am single with no ... A: It depends on your tax bracket. Let's say you're in the 15% tax bracket. In owning a house you will ... | |
| basement square footage | 6/14/2006 |
| Q: We are trying to price our house for sale. Should our basement price per square foot be the same as ... A: The basement is usually treated like the garage in many cases. The square feet of a home ONLY ... | |
| Selling a mobile home | 6/14/2006 |
| Q: I have been desperately trying to sell my mobile home for 2yrs. now. No realtor will help us ... A: Unfortunately, Nicole, mobile homes sell the slowest when the market turns like it has. When the ... | |
| Buying our Apartment from our Landlady | 6/13/2006 |
| Q: We have been renting the lower level of a two story house and have talked to our land lady about ... A: You apparently live in a duplex or a double, Nick. I doubt very much that you can buy your half of ... | |
| Gettin Started | 6/13/2006 |
| Q: I am interested in getting in real estate. I am 23 years old, married, and in the U.S Navy. I have ... A: First of all, Markus, you should have at least six months funds on which to live while you go to ... | |
| Unethical, Dishonest Broker Coerces Us into a No Win Situation | 6/13/2006 |
| Q: Unethical, Dishonest Broker Coerces Us into a No Win Situation The real estate problem that I’ve ... A: Since I do not know what your contract with IB/A says, I cannot address that, but ordinarily the ... | |
| BUYING A OWNER FINANCE HOME | 6/13/2006 |
| Q: WHEN BUYING A OWNER FINANCED HOME WHAT IN THE KEY THING I SHOULD MAKE SURE IS IN MY LEASE AS A BUY ... A: Doesn't make sense, Erricka. If you're buying an owner financed home, why is there a lease in the ... | |
| Paint | 6/11/2006 |
| Q: We have removed wall hangings and brackets from our walls inpreparing for sale and our move. What ... A: If the areas in question can take sanding, then do it. Then repaint. That's all you can do. For ... | |
| Purchasing home for $1 | 6/9/2006 |
| Q: I have been told that it is legal for a family member to purchase a house for only a $1, almost as a ... A: When there is no specific value placed on a property, a monetary consideration of a dollar or ten is ... | |
| Buyer's Agent | 6/8/2006 |
| Q: I recently signed an agreement with a real estate broker to act as my buyer's agent to help me find ... A: Simply get him to give you a WRITTEN release from that buyer's agency agreement. If he/she refuses ... | |
| lending a second mortgage | 6/7/2006 |
| Q: I am live in Florida. I know that the risk is high. The people buying my home have been my renters ... A: If you think you have problems now with those tenants, just wait until they leave the property after ... | |
| Property Status? | 6/7/2006 |
| Q: For some time I've been passing a single family home in an upscale area that appears to be abandoned ... A: I'd be willing to bet, Steve, that it is either in probate or the property is in trust with a bank, ... | |
| lending a second mortgage | 6/6/2006 |
| Q: I am in the process of selling my home. The person buying my home can only get an 80% loan and has ... A: Since you did not tell me in what state you are located, I can only talk in generalities. Be aware ... | |
| Buying FSBO when you have been working with an agent | 6/5/2006 |
| Q: So, you feel that even though I know I can facilitate this purchase on my own that the agent I have ... A: Not necessarily, Dan. You did not indicate that you could facilitate the purchase on your own. Do ... | |
| easements & right-of-ways | 6/5/2006 |
| Q: I need to know the difference between an easement and a right-of-way. My neighbor wishes to put a ... A: There is no difference, Ben. In fact, the definition of a right-of-way is an easement over one ... | |
| Purchasing Land | 6/4/2006 |
| Q: My mother owns some land, she wants to sell it to us, we need to know how to do this with the least ... A: If you want to make sure it is done right and you won't have any problems in the future (you'd be ... | |
| Selling a parcel off | 6/3/2006 |
| Q: We have several acres. Our mortgage balance is approximately 50% of appraised value. We want to ... A: I presume your "several" acres are not splittable, Sharon. In that case, you go to the mortgage ... | |
| Help, Serious problem no one else knows | 6/1/2006 |
| Q: I recently was given property from a family member and had it rezoned, I then went to a dealer and ... A: When you were given the property, you should have immediately bought title insurance on the ... | |
| marketing & selling high end property | 5/30/2006 |
| Q: PA. Visit www.geocities.com/denton763 to see photos. The agent has been emailing other agents to ... A: Coincidence. I am writing and editing my next edition of The Landed Gentry, my monthly publication. ... | |
| avoiding probate | 5/29/2006 |
| Q: My father recently died at 83. His wife, 75 now owns the family home free & clear. Others have ... A: Better yet, you all pitch in and hire a real estate attorney or an estate attorney and do a ... | |
| deed | 5/28/2006 |
| Q: in NYS, can I be added to my boyfriend's deed without getting a new mortgage in both of our names ? ... A: Yes. But your boyfriend is still prime responsibility for paying the mortgage. He can execute a ... | |
| Selling a portion of my property | 5/28/2006 |
| Q: My neighbor approached my husband and I about purchasing a portion of our backyard to put up a ... A: First of all, Darany, you better contact the zoning commission or the planning board of your city or ... | |
| Buying a previous rented property | 5/25/2006 |
| Q: We are buying a home that still has renters in it. We are closing in a few days and want to ... A: There are two sure ways of getting the tenants out of there, Chris. #1 - Tell your agent that if the ... | |
| contengency offer | 5/25/2006 |
| Q: is it better to sell your home first or make a contegency offer on the new home you want and then ... A: It is always better to put your house in escrow so that you are not at the mercy of the seller of ... | |
| Buying forclosure in Midwest | 5/24/2006 |
| Q: This is all preliminary as I havent even been inside the property yet. But assuming everything is in ... A: Because I would want a 10% cap rate on this property, I would therefore offer no more than $31,500. ... | |
| Buying forclosure in Midwest | 5/24/2006 |
| Q: I understand that buying foreclosed property doesent automatically mean a good deal but I live in ... A: Tell me what the rents would be on the property, what size are the units? How many bedrooms? Baths? ... | |
| Buying a Pre-Built house, Or Buy a land, Construct by Contractors | 5/24/2006 |
| Q: I appreciate your time and replying to my question. I expected an answer interms of Numbers ... A: I am sorry, Sunny, that I cannot provide you with numbers in this case because I am not familiar ... | |
| Caceling our Realtor (Selling Agent) Contract | 5/24/2006 |
| Q: I signed an exclusive selling agrement with my Realtor to sell my house for 6 months duration, as ... A: First, Prasad, I would say the fact that you had 35-40 showings in three months, to me, means your ... | |
| post-purchase repair issue | 5/24/2006 |
| Q: My wife and I just bought a home in Missouri, part of the disclosure from the seller concerned the ... A: Presuming you are still able to contact the sellers, I would communicate (preferably in writing and ... | |
| Buying a Pre-Built house, Or Buy a land, Construct by Contractors | 5/23/2006 |
| Q: I found a place or some one who can solve my million $$$$$$$$$$ question. I recently bought a ... A: One thing you're going to have to learn, Sunny, is that you cannot let past lost opportunities get ... | |
| Selling Half of Our Cottage | 5/22/2006 |
| Q: My wife and I presently own a cottage in Michigan that friends of ours would like to buy-into. We ... A: If you are definitely tearing down the house, Zvonko, I would recommend you put together a package ... | |
| home deeds that would transfer to the State | 5/21/2006 |
| Q: Scenario: For somebody who owns their home outright, I offer to pay their annual home taxes in ... A: This needs to be done in a contract, will or a living trust. If it is done, I would suggest that you ... | |
| Mortgage Mess | 5/20/2006 |
| Q: About three years ago my husband and I wanted to purchase a house but our credit was not very ... A: Do it this way, Kate: You get a revocable living trust! Yes, it costs some attorney money, but based ... | |
| land contract | 5/19/2006 |
| Q: Do you know what would be involved in doing this (forms ect...) or anything else that I would need? A: In Michigan, Wayne, land contracts are the main instruments for debt on real estate. So, I would ... | |
| land contract | 5/19/2006 |
| Q: Can a land contract be assummed or transfered from the current person to another person. I live in ... A: As far as I am concerned, Wayne, I would say yes. However, it may depend on what it says or doesn't ... | |
| Buying a home with boyfriend | 5/16/2006 |
| Q: My boyfriend and i are going to be buying a home together. Since i have a co-op i am selling, and ... A: First thing you should do, Cindy, is to go with your boyfriend to a REAL ESTATE attorney to put ... | |
| disclosure statements | 5/15/2006 |
| Q: I recently purchased a home in which the seller disclosed exactly the following--"Back left corner ... A: Absolutely not, Randal. There is no more "buyer-beware." Virtually every state in the union has laws ... | |
| SELLING/ QUIT CLAIM DEED | 5/11/2006 |
| Q: I BOUGHT MY HOUSE A LITTLE OVER A YEAR AGO, WITH MY FIANCE. MY CREDIT WAS STRONGER THAN HIS SHO THE ... A: You have no choice, Sekeyi but to consult a REAL ESTATE attorney and have your property PARTITIONED. ... | |
| Quit Claim Deed | 5/5/2006 |
| Q: My husband and I purchased a home for his parents that they had been leasing for 17 years. Due to ... A: There are two ways (actually three) to handle this, Misty. I prefer the third one. Never use the ... | |
| Too Sticky? Buying into a house... | 5/4/2006 |
| Q: Dick, We'd appreciate the input of an expert on our potentially sticky situation. My fiance, Jed, ... A: I like to make things simple, Alyssa. Since the grandparents own the house outright, why not have ... | |
| You wanted to know | 5/2/2006 |
| Q: Awhile ago I asked you a question about adding someone to a deed and then obtaining a mortgage. ... A: Glad you took care of your problem to your satisfaction. The thing is, every generation thinks they ... | |
| Home ownership after marriage | 5/1/2006 |
| Q: In the state of South Carolina, does a spouse automatically have ownership of a home once they are ... A: In most states, Pam, it must specifically say the first spouse has deeded title to the second ... | |
| breach and backkup | 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: The way I see it, once you decided the accept the 1.2 offer and sue the first guy for the ... | |
| Contract Cancellation | 4/27/2006 |
| Q: I meant to ask and forgot on something you brought up. It was brought to my attention that within ... A: That is correct: After the expiration or cancellation of the listing the agent is supposed to give ... | |
| Contract Cancellation | 4/27/2006 |
| Q: I am in So. Calif. I put my house on the market mid January of this year with a reputable realtor. ... A: In real estate, if it is not written, it was never said. Please keep that in mind. Her promise to ... | |
| two friends buy a home together | 4/25/2006 |
| Q: My friend and I want to buy a house together. I have 3 more payments on my chapter 13 bankruptcy ... A: I really shudder when someone asks me a question similar to yours. The way to handle your situation ... | |
| Selling home--running out of time, help! | 4/21/2006 |
| Q: Good afternoon, I am currently living in my home that I am trying to sell and my wife has received a ... A: Gee, Brian, it sounds like 1991 all over again. One thing I strongly suggest is DO NOT PANIC! I ... | |
| Buying a house as an unmarried couple | 3/24/2006 |
| Q: My fiance and I are getting ready to close on a house. We both have equal incomes and plan to make ... A: The fact that he wants to draw up a "separate contract as to my rights to the house if something ... | |
| selling before foreclosure | 3/1/2006 |
| Q: I have been playing beat the clock trying to sell my house before the mortgage company could ... A: What you need to do Mary, is to call them again, only this time talk to the actual lender. Chances ... | |
| Cooling off period? | 2/22/2006 |
| Q: My parents are looking to buy new construction in FL or SC in a Dell Web community. Would you please ... A: I would start with the department of real estate in each of those states unless you have a real ... | |
| selling home | 2/20/2006 |
| Q: myi am looking to relocate, but in order for me to buy another home i have to sell my home. what do ... A: All of the above, Anthony. If it was me, I would go to the location I'd like to live and get real ... | |
| how to buy pre-foreclosure | 2/19/2006 |
| Q: How to buy pre-froreclosure homes before they become foreclosed? A: It is a very laborious job, Olga. Like anything worthwhile. You first have to get access to the list ... | |
| Disclosure Horror | 2/18/2006 |
| Q: My husband and I have been in a lack of disclosure horror story. The house we purchesed is 5 years ... A: The fact that the seller was a Realtor should help you substantially, Gellia. You first have to ... | |
| Ownership after a marriage | 2/18/2006 |
| Q: Could you please explain the differences between Warranty Deed, Grant Deed, and Quit Claim Deed and ... A: Depending on the state, the Warranty Deed and the Grant Deed are virtually the same. Just a ... | |
| Adding somebody to deed | 2/15/2006 |
| Q: August before last, my Mom and I bought a house in a new development. The first property tax will ... A: Very simple, Heather. Do it this way: Jane Doe hereby deeds xyz property to Jane Doe and Heather ... | |
| Home Sales | 2/14/2006 |
| Q: Wow, this was great information thank you. For my first foreclosure investment I was going to go ... A: Just be patient, Miguel. You will soon have your pick on which property you want to pick up. If you ... | |
| Home Sales | 2/13/2006 |
| Q: I have been looking into purchasing some foreclose properites. While doing my research I notice ... A: You will soon see a whole slew of foreclosures around. I don't know in what state you live, Miguel, ... | |
| New Home Purchase | 2/13/2006 |
| Q: My husband and I signed a purchase contract late 2005 to buy a NEW Home from a local builder. We ... A: I thought I answered this one already, Vanessa. But here goes again. Try to sell the NEW house. ... | |
| House Is Falling Down Around Me and (Maybe) Un-Sellable. | 2/11/2006 |
| Q: I got my house and 1/2 acre land in my divorce, and it's paid for. We had gotten the property in a ... A: Based on what you have said, I might be interested in helping you, Karen. I have seen many of these ... | |
| New Career | 2/10/2006 |
| Q: Dick- I just passed the state exam and am now licensed as a sales associate here in FL (Orlando to ... A: I do wish you well, Adam, because it is going to be rough. You are coming into the business at a ... | |
| offers w/ contingencies | 2/6/2006 |
| Q: I am in the process of selling my home through FSBO. I have some interested parties, one in ... A: Yes, Matt. This kind of selling is done all the time in a market that favors the buyer . . . now. ... | |
| Lender won't give me information to avoid foreclosure | 1/30/2006 |
| Q: I am in the process of a messy divorce. My soon to be exhusband did not make house payments and the ... A: Based on what you said, Sharie, you have only one choice and that is present your dilemma to your ... | |
| Foreclosure & liens | 1/30/2006 |
| Q: I read your answer about liens that carry over with a foreclosure if bought on the courthouse steps ... A: In Washington State, Steve, the lien is called a mortgage. The predominant method of foreclosure is ... | |
| 2 questions | 1/25/2006 |
| Q: What is the differance between a broker and an agent? Thanks, Teresa (I chose you because of the ... A: A broker is an agent, too. However, in most states a broker is for whom a licensed salesman or agent ... | |
| Taking over son's payment and home | 1/18/2006 |
| Q: Here is my problem. My 41 year old single son purchased a new home for approximately $145,000 in 10 ... A: This property now becomes an investment for you and your wife. It is not treated like your house ... | |
| Property Conveyance re Boundary Line Agreement | 1/12/2006 |
| Q: Greetings . . . An adjacent residential neighbor and I recently learned that a survey conducted ... A: I thought that there was no field in real estate that I did not have knowledge, Phil, but alas, you ... | |
| Property with Liens | 1/5/2006 |
| Q: I am the Owner of a home in California that went into foreclosure. During this time I was put on a ... A: Of course, Joelle, I don't know what you did (other than not make your payments) with the lender, ... | |
| General Information | 1/4/2006 |
| Q: My first question is, is it true that a brother, father, uncle, who has served in the armed forces ... A: Question 1: No. The vet must be one of the buyers, at least. And the property must be in his name, ... | |
| 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: I don't know what part of our world you live in, Steve, but here in southern California flyers are ... | |
| Question | 12/18/2005 |
| Q: I'm wondering were would I find information on homes that are behind in taxes? Or that are ... A: I think someone has been pulling your chain, Sammie. But let me answer the questions which are ... | |
| Real Estate Investing | 11/8/2005 |
| Q: Hey Dick, I am very interested to begin investing in real estate. I am interested in ... A: Depends where you live, Niall, but I suggest you take your time because the market is going to come ... | |
| How to make money? | 10/4/2005 |
| Q: My first property that I bought was a two family property in the city of Fall River Massachusetts. ... A: You're doing well, Michael, but you don't know it. First of all, you must realize making mortgage ... | |
| Exclusive or Multiple RE Listing? | 10/1/2005 |
| Q: What are the advantages/disadvantages of listing a home for sale exclusively with one broker, or ... A: They're both the same . . . usually. When you have an exclusive listing with a Realtor, he/she is a ... | |
| Thanks a few more questions | 9/28/2005 |
| Q: My parents are 76 and 77. The price of the sale of the house would aprx ,190,00. Fair Market value. ... A: If your parents don't need additional income, then dismiss the idea of reverse mortgages. ... | |
| is this a good deal | 9/28/2005 |
| Q: my parents were approached by the catholic diocese to sell there propery to them,,the agreement ... A: I would have to know how old your parents are. The idea is to know how long they expect to live. For ... | |
| joint ownership | 9/23/2005 |
| Q: A friend of mine approached me with an offer to purchase a home. She would like to pull equity out ... A: I'm agin it! It seems to me like your friend is too impatient, Erika, for two reasons. 1. I ... | |
| Should my husband and I file Bankrupcty on Excellent Credit?? | 9/22/2005 |
| Q: We own a home valued at $252,000.00. We are on our second term with a realtor but cannot even sell ... A: It's starting. Before everybody else gets into the same line you are, I would recommend you put an ... | |
| Developers | 9/11/2005 |
| Q: Im currently selling timeshare for Westgate Resorts in Orlando and expect to be liscenced in a month ... A: I have no interest in time shares, Adam. If you BELIEVE in them, then proceed. You gotta believe in ... | |
| Binding Home Contract | 8/21/2005 |
| Q: We selling our home buy-owner in Texas, and received two offers on our home this weekend. We ... A: When there are two offers, Nathan, neither one is valid until the counter offer from the seller or ... | |
| Training in Real Estate | 7/25/2005 |
| Q: I am a licensed acupuncturist residing in Nashville, TN., interested in learning how to buy/sell ... A: Not necessarily, Mike. Nothing says you have to get a license in order to make money in real estate. ... | |
| Can they do that?? | 7/13/2005 |
| Q: Remember me? The one with the cluster$^*!! in Florida? So, after I took your advise to get a lawyer, ... A: I would do one of two things, Moya: 1. Sue the loan company and title company they used. That's big ... | |
| purchase agreement auction | 7/7/2005 |
| Q: Mr. Dennis, I recently purchased a home in Ohio via auction. I undertand that it is as is. ... A: Make lemonade out of that lemon. Put an ad in the papers, put up flyers, put out signs offering a ... | |
| disclosure | 6/30/2005 |
| Q: CA 1 1/2 yrs. ago. It has recently been converted to "condo". I was informed at the time of ... A: You not only should go after the real estate company, Esther, but also the Title company. You should ... | |
| home | 6/25/2005 |
| Q: think about buying land between S. Riverside county to N. San Diego county, and put manufactured ... A: Number 3 is most important. First, you go and find a lender who will help you with your plans. It ... | |
| partition and mortgage | 6/13/2005 |
| Q: Followup To Question - Hi again, Dick! You've helped me before. I'm the one in Michigan who ... A: If I remember correctly, Moya, we are talking about a condo. Therefore you bought it free and clear ... | |
| partition and mortgage | 6/12/2005 |
| Q: Dick! You've helped me before. I'm the one in Michigan who co-owns a home in Florida with someone. ... A: Yes, Moya, your interests are at risk. No doubt. Are you making the payments on the original first ... | |
| partition and mortgage | 6/11/2005 |
| Q: Dick! You've helped me before. I'm the one in Michigan who co-owns a home in Florida with someone. ... A: She certainly has a lot of nerve, Moya! I suggest you send her a certified letter in which you point ... | |
| Mr. Dennis, My wife and... | 6/7/2005 |
| Q: Mr. Dennis, My wife and I have just begun looking for a new house and, like most people, we want to ... A: It is typical, Scott, for younger couples, when they finally decide to own their own home, want to ... | |
| Title Search | 5/31/2005 |
| Q: As Personal Rep named in my Mothers Will, I am trying to sell her property to one of the heirs. ... A: Jack, don't skimp if you want to make sure it is done right. Make up a purchase agreement and that ... | |
| selling with a mortgage | 5/14/2005 |
| Q: I've asked you questions before and you've helped. I consulted with an attorney as you advised. I'm ... A: Moya. Yes, as I believe I said, the other person can mortgage her/his half all they want. But that's ... | |
| transfer property from my mother to me | 5/5/2005 |
| Q: my mother and i own a home in joint tenancy. how to we transfer the property to me...grant deed or ... A: Since you are both on title as joint tenancy, Eileen, that means you most likely came into title on ... | |
| Contract property that has been resold 5 times | 5/1/2005 |
| Q: I have recently paid off a property that I live on that was bought on contract from Party D, I ... A: This is not going to be simple, Barbra. But you must be patient as it plays itself out. Or, you will ... | |
| House upgrades | 4/28/2005 |
| Q: I am sorry, but Lisa Carey wasn't able to answer your question Hi...thanks for taking the time to ... A: First of all, Danny, who is Lisa Carey (at the top of this message)? You have asked some pretty ... | |
| Buying a condo in MA | 4/27/2005 |
| Q: I'm in the market to purchase real estate. The way I understand is that once I make the purchase, ... A: As you no doubt know, Hank, if you are not a licensed real estate agent, you may not legally collect ... | |
| selling house | 4/17/2005 |
| Q: I have been disabled by a heart by-pass and now diabetis, I no longer can work and I own my own home ... A: Get a Living Trust, Deb. Very simply, you deed the house to the trust. You are the trustee. Your son ... | |
| Buying Home from relocation Company | 4/11/2005 |
| Q: We are in the process of buying a home in PA and found out while in the midst of making our offer ... A: Sorry, Anne, I have no way of knowing what you are talking about. What terms? What risks? What are ... | |
| Buying a home from a friend | 4/4/2005 |
| Q: We are buying a mobile home from a friend. I used examples of contracts from different sites but am ... A: It depends on the state, but in most places a mobile home is treated in the same category as a motor ... | |
| Deed | 3/29/2005 |
| Q: Followup To Question - Dick, Finally, the guy that can answer my questions! I live in Michigan and ... A: The reason why the mortgage company would not respond to you is because your name is not on the ... | |
| condo development | 3/20/2005 |
| Q: We are in a difficult situation and are unsure of our options. Two years ago we entered into a ... A: It is obvious, Mary, that they DO WANT YOU to pull out of your agreement so they can sell that condo ... | |
| Deed | 3/19/2005 |
| Q: Dick, Finally, the guy that can answer my questions! I live in Michigan and co-own a home in Florida ... A: Just make sure, Moya, that you hire a REAL ESTATE ATTORNEY. That's why those two that you talked to ... | |
| Buying Home From Grandmother | 3/19/2005 |
| Q: My husband, mother and I live and rent my grandmother's home. We want to buy the home from her. ... A: Apparently, Kristen, the refinance lender is using the value of the property as their protection and ... | |
| Deed | 3/19/2005 |
| Q: Dick, Finally, the guy that can answer my questions! I live in Michigan and co-own a home in Florida ... A: You go and hire that lawyer—but FAST! Moya, if your name is not on that deed then they are trying to ... | |
| Follow-Up: Growth Paths / Real Estate Investments | 3/6/2005 |
| Q: I agree it's wise not to expect to make quick money in real estate. I have ~$25K equity in 2 of the ... A: One main thing you must realize, Mike, is that when you own rentals you are in business. ... | |
| Growth Paths / Real Estate Investments | 3/2/2005 |
| Q: My wife & I are 35 & hope to grow our moderate net worth thru real estate investing. Ideally we want ... A: First thing, Mike, you're going to have to realize that the flurry of real estate sales is in the ... | |
| selling manufactured home | 3/2/2005 |
| Q: We bought my father's house from him last year - we had agreed on a price of $65k (it is a 22 year ... A: What the appraiser probably did, Anne, was to first compare the value of the land with other ... | |
| Proceeds Made After Sale | 3/1/2005 |
| Q: We are selling our home. If sold around the asking price, and after closing costs and agent ... A: Internal Revenue Code 121 says you do not have to pay any capital gains tax on your home as long as ... | |