| Subject | Date Asked |
|
| Down Payment Issue- URGENT! | 3/20/2008 |
Q: Ray, So here is our very sticky situation...my husband and I initially applied and were ...
A: First off, welcome to the wonderful world of the credit squeeze. Many buyers, and I mean many ...
|
| Short sale questions | 12/12/2007 |
Q: Like many others, I invested in FL real estate, was lied to and stolen from and now I sit ...
A: Boy Jenny, this is really outside my expertise. I would suggest asking am attorney or an accountant ...
|
| Refinance chp. 13 | 11/30/2007 |
Q: We need to refinance our house and we currently have an 80/20 loan. We live in CA. Our problem, like ...
A: Sorry, but that is more of a legal question (BK Attorney) and I won't be able to give you an answer. ...
|
| Paying off part of mortgage - good or bad | 10/29/2007 |
Q: Canada. I have question regarding paying off part of my mortgage or not. I have mortgage of $203,000 ...
A: There are a lot of factors going into your question. First off, if you owe any other money, it would ...
|
| transfer of deed/ home equity loan | 9/27/2007 |
Q: We are interested in purchasing an old family home from my wife's Aunt. We were told by a banker ...
A: The problem with that is a home equity loan (or a HELOC) is an adjustable rate loan. You can get a ...
|
| Mortgage basics 101 | 9/23/2007 |
Q: Ray, I am trying to figure out the relationship between the buyer, seller and mortgage company. I ...
A: It's not going to matter to the seller where the money comes from. The full amount will be given to ...
|
| name on deed not mortgage | 9/4/2007 |
Q: If a persons name is not on the loan, can the person whose name is on the loan let the house go back ...
A: Tricky question. The obvious answer is that since the bank has a lien on the property (a trust deed) ...
|
| Number Of Days To Record A Grant Deed | 9/3/2007 |
Q: I'm in Los Angeles, CA. My father has a home free and clear and he decided to give it to me because ...
A: I'm speaking more to the potential problems that could arise in any deal left not completed such as ...
|
| Building a home | 9/3/2007 |
Q: We are working with DR Horton builders, Charlotte, NC, DHI Mortgage, in anticipation of building a ...
A: Remember, you can use any lender you want, not just the one that the builder suggests. If you are ...
|
| start LLC to invest in realestate | 9/2/2007 |
Q: I want start a LLC to invest in realestate But have a few questions . How long does the LLC have ...
A: Well, there are a couple answers to that question. First off, most lenders are going to want to see ...
|
| Co ownership of a house | 8/28/2007 |
Q: My ex and I own a house together. We were never married. I want to sell my half of the house back ...
A: This can be simply done with a quit claim deed or a grant deed. Check with a local escrow office to ...
|
| Refi or Ride out an Interest Only? | 8/22/2007 |
Q: Ray, I've enjoyed reading your previous answers and feel like you may have an opinion that may help ...
A: Well, first off I can tell you that you are definitely not alone. This is a very common story and ...
|
| Divorce and home headache | 8/17/2007 |
Q: I am recently divorced and now i am in Iraq. The title is in both of our names but the loan is just ...
A: I would suggest getting with a local escrow company or attorney and have them go through your ...
|
| VA Loans-Seller | 8/15/2007 |
Q: Recently I sold my home to a buyer who was using a VA loan and I had to pay the closing costs for ...
A: Yes, the VA requires that the seller pay all of the buyers closing costs. You can reflect this in ...
|
| Escrow company mistake in my favor | 7/27/2007 |
Q: We recently purchased a new home (new construction). The closing went through and a few weeks ...
A: You probably signed in your escrow instructions and your loan doc's that you would continue to work ...
|
| Buying a home | 7/15/2007 |
Q: I have been pre-approved by one lender and I'm interested in buying this certain house. Now when I ...
A: That's one I haven't heard before. I think that Countrywide (the seller) would probably just not ...
|
| Selling a home | 7/6/2007 |
Q: I have listed a home with a real estate agent. Perspective buyer made an offer but wants six percent ...
A: We are basically in a buyers market and buyers are making some pretty "lowball" offers. If you got ...
|
| handling my estate as an executor or administrator | 7/3/2007 |
Q: i own a two family home for 2 years now. my father had passed and im the only child so it became my ...
A: There are a lot of people going through tough times right now with their houses. I am sorry to hear ...
|
| about closing date | 6/29/2007 |
Q: I am buying a co-op. The seller changed the lawyer twice for some reason. It delayed 1 week each ...
A: You're treading in a vague area with many possible scenarios. Technically, when the closing date on ...
|
| Earnest Money | 6/23/2007 |
Q: My boyfriend and I decided to purchase a home. I put my townhouse on the market and we signed a ...
A: If you're contract is contingent on the sale of your home, then you will get your money back if your ...
|
| LTV Second Mortgage | 6/20/2007 |
Q: Is there such a thing as 175% LTV mortgage?
A: Well, I can't say that there is no such thing as a 175% loan but I can say that I've never seen one ...
|
| Short Sale | 6/14/2007 |
Q: We are questioning if we should do a short sale. Our realtor suggested this idea this evening. We ...
A: Sorry you're having to go through this, but you sure aren't going through it alone. There are a huge ...
|
| pre payment penalties | 6/9/2007 |
Q: I am currently attempting to refinance my existing mortgage. I no longer have copies of my loan ...
A: I would check with the escrow company that you did the deal with. They are required to keep ...
|
| Loan rate extension and emplyment verification | 6/3/2007 |
Q: We are in the process of purchasing a home approx. 1 hour from where we currently live and 1 hr 45 ...
A: Tough question. In reality, if there is a job change that you know about, you are supposed to tell ...
|
| Transfer Deed amongst family | 5/29/2007 |
Q: Ray, saw you have answered a similarMy sister owns her house, has bad credit, and has divorced. ...
A: That sounds correct except for one thing (isn't there always one thing??) Most lenders require you ...
|
| about loan | 5/28/2007 |
Q: Hey Ray, I just brought a home. And the closing date is 29 days from now. I'm already approved. ...
A: Hard to say. It's good that you have not activated it yet and I would suggest that you don't ...
|
| Home loan | 5/23/2007 |
Q: I work in law enforcement as a police officer in the los angeles county. I would like to know if ...
A: Yes, there are usually special loans available for police officers. They are usually limited to the ...
|
| assuming a mortgage | 5/6/2007 |
Q: my mother is seriously ill and the doctors have said she will not make it. my question is she is ...
A: Sorry to hear about your mothers health. You need to see a probate/trust attorney and have the house ...
|
| Selling home | 5/5/2007 |
Q: My husband and I are in quite a dilema and not sure what to do. It sounds so stupid that we got ...
A: I'm sorry to hear about your troubles. You can take solace that there are MANY people going through ...
|
| Financing for flipping houses. | 4/27/2007 |
Q: Lately I've been talking myself into flipping a house for a profit. It seems like this would be a ...
A: You could probably make some of your payments upfront, but that doesn't really save you any money ...
|
| selling house early | 4/22/2007 |
Q: I have only owned my house one year and my husband and I might be splitting. will I even be able to ...
A: It's all up to how much you sell it for. It typically costs about 9% of the sales price to sell a ...
|
| selling | 4/16/2007 |
Q: i am a first time buyer and want to put up my house after only being here for a year..how does the ...
A: Well, I'm not a tax expert so I'll have to refer you to an accountant for the tax questions but I ...
|
| Selling a House Before its Paid for | 4/5/2007 |
Q: My boyfreind is considering seeling his house after only owning it for 8-9 months , He was curious ...
A: The bank isn't going to care about the circumstances around selling the home, as long as they get ...
|
| no money down first time buyer | 3/21/2007 |
Q: Ray, First let me say that real estate and especially financing a home is like a foreign language ...
A: There are going to be a lot of stories in the media in the near future about the "subprime meltdown" ...
|
| Which mortgage? | 3/16/2007 |
Q: We put an offer on a house that will cost 253,000. We don't have a lot of money to put down and we ...
A: I like the VA loan for a few reasons. First off, the amount of closing costs that everyone can ...
|
| Which mortgage? | 3/16/2007 |
Q: We put an offer on a house that will cost 253,000. We don't have a lot of money to put down and we ...
A: I like the VA option. I always have like VA loans. One thing that I can throw out to you is that if ...
|
| question | 2/18/2007 |
Q: I have been paying cash rent every month for the past ten years, and I am still paying $500 every ...
A: Unfortunately, I can't think of any way to get your payments to positively effect your credit ...
|
| second mortgage after closing date | 2/13/2007 |
Q: house sold for $142,000,loan officer made mistake mortgage appoved from lender for $139,000,no ...
A: Well, I would take care of it before escrow closed with something in writing between the buyer and ...
|
| First-time home buyer | 2/3/2007 |
Q: I'm looking to buy my first home and after searching around, have narrowed it down to 2 ...
A: You could, and I suggest, check out as many lenders as possible in the beginning. Both of the ...
|
| selling a home | 2/1/2007 |
Q: I need to sell my home because I can no longer afford it. However, I have no extra money to put ...
A: If you hire a real estate agent to sell your house for you, it shouldn't cost you anything upfront. ...
|
| Buying home from parents | 1/19/2007 |
Q: Have a question for you. My wife and I are planning to buy her parents home from them. They own ...
A: This can probably be done using an escrow company. They can take care of the paperwork for a fee. As ...
|
| Which loan is for me? | 1/18/2007 |
Q: We are looking to buy a house and have excellent credit and our debt is very small. We got ...
A: I would agree that the VA loan or the 80/20 is the best way to go. It would actually be an 80/14/6 ...
|
| Mortgage as a student | 12/24/2006 |
Q: What other types of loans are available? GabrielMy wife and I are selling our home in order to move ...
A: There are NINA loans (no income / no asset verification loans) also stated income products. These ...
|
| staging | 12/11/2006 |
Q: In real estate parlance, what is "staging?" Has to do with selling a home.
A: Staging is what a seller can do to make their house look more like a model home. The existing ...
|
| Trying to buy a new home | 11/30/2006 |
Q: I hope you can help me navigate my situation. I had to file Chapter 13 Bankruptcy a few years ago ...
A: I would first exhaust all of my avenues with the lender. Talk to everyone there and find out who ...
|
| Closing on a house | 11/28/2006 |
Q: Im in the process of buying a for sale by owner home. The sellers and myself each have attorneys who ...
A: There is no "normal" amount of days because each sale is so different and complex. Now, historically ...
|
| Signing over to a co-signer | 11/20/2006 |
Q: I bought a mobile home 4 years ago with a co-signer. I have to move out of state, and I want to sign ...
A: The only power that you have, in as far as signing over property to another person, is to do a "quit ...
|
| deposit check | 11/1/2006 |
Q: how long can a real estate company hold a deposit check after a deal has gone bad and buyers won't ...
A: To your first question, there is no exact time period but brokers will usually give the deposit back ...
|
| mortgage | 10/28/2006 |
Q: is it possible to have a mortgage increase 250.00mo due to property taxes if not what would cause ...
A: I doubt that it would go up by that much from property taxes in one month. It could, but you'd have ...
|
| Trouble Selling Home | 10/27/2006 |
Q: Ray, I am currently separated and trying to sell our home. Neither one of us can afford it on our ...
A: First off, I'm sorry to hear about your trouble. I understand the weight you must be feeling. ...
|
| joint ownership / 1 wants to sell | 10/23/2006 |
Q: My Sister and I have joint ownership in a condo. It is an expense I don't need just to let sit. I ...
A: The answer is no. You can't sell it if she is on title, without her consent. The only way to do it ...
|
| single mother wanted to purchase home | 10/22/2006 |
Q: need some info inregards to buying a home. I've never had a credit cards or any bankruptcy on my ...
A: You might want to look into a FHA loan. The credit score requirements are lower (about 520+) and ...
|
| buy fiances home | 10/18/2006 |
Q: my fiance is behind on mortage and does not have good enough credit to get equity loan,ihave great ...
A: The answer is yes and no. Yes, if you are the sole owner of the house after you get the loan for it ...
|
| Gift of Equity from my Father | 10/8/2006 |
Q: My father is selling his home to me this month. I am single and the mortgage will be in my name ...
A: Since I'm not a tax expert, I will have to refer you to a local tax CPA or attorney for your ...
|
| homeownership | 10/5/2006 |
Q: I own a home with an ex. We bought the home together. When we refied my credit was used and I added ...
A: Welcome to the wonderful world of owning property with someone you don't get along with. The ...
|
| buying a home after bankruptcy | 10/4/2006 |
Q: My husband and I have a unique situation. He is an osage indian and receives annuity checks from his ...
A: You should be fine. As long as the income is from a valid source (which it is) and your husband is ...
|
| Trying to buy a apartment builoing with the using the apartment builing that I all ready have. | 9/27/2006 |
Q: I have own a apartment builing for about five months. I put down $113,000 in cash.the purchase price ...
A: There a number of ways that you could do this. You could get 100% financing for the new building or ...
|
| quite claim deed signed but we are still married | 9/26/2006 |
Q: I own a house and marriage abt 2 year latter.My new husband and I did refinance and quite clamin ...
A: This is more of a legal matter and outside of my scope, so I'll have to refer you to a real estate ...
|
| 80/20 forclosure | 9/20/2006 |
Q: I have an 80/20 loan on my home I put nothing down. The loans are through 2 different banks and the ...
A: The way it works is the house is sold and then whatever money there is first goes to the 1st loan ...
|
| Mortgage Brokerage | 9/20/2006 |
Q: - Mr. Beggs, Just a few questions if you don't mind. 1) Can licensed real estate brokers also ...
A: Yes. In California a real estate broker can solicit and transact mortgage loans with no other ...
|
| Real Estate | 9/20/2006 |
Q: My grandmother has just passed, and left the estate to me and my brother. My brother would like to ...
A: As far as the tax questions go, I'll have to refer you to a CPA or tax attorney for that because it ...
|
| Sewage Problem | 9/18/2006 |
Q: I just bought a house in PA. Before I bought the house it failed the sewage test during the home ...
A: It's all up to what the escrow instructions were amended to say after you agreed to paying half of ...
|
| Closings | 9/17/2006 |
Q: I appreciate you taking my question. At closing what is the most safest way to have your interest ...
A: I would secure a lien (a trust deed) in the property just like a bank would do. That way, if the ...
|
| housing prices and interest rates | 9/15/2006 |
Q: I am in the position to buy my first house near Salt lake city, UT, in the near future. It is ...
A: Trying to time a market, either housing or stocks, is the $64,000 question. I have came to the ...
|
| buying a home from parents | 9/13/2006 |
Q: My question is this: my younger brother who lives with my parents wants to buy their home for ...
A: I'm not an expert on tax law and rules, but I can give you what I believe to be the case. You would ...
|
| gift of equity | 9/13/2006 |
Q: can u please explain to me how a gift of equity works
A: Gift of equity can happen a couple of different ways but the most common is usually from family ...
|
| Lien Problem | 9/13/2006 |
Q: I recently discovered a IRS tax lien back from 97 on my home of 12 years, when I was self employed ...
A: First off, it's more common then you'd think for there to be things like this on borrowers credit ...
|
| feesample/quickclaim | 9/6/2006 |
Q: first thank you for this sight this is my issue please help.my wife and i are going through a ...
A: First off, thanks for your question. Yes, you can get your wife to sign a quit claim deed and then ...
|
| gift of equity | 9/5/2006 |
Q: Ray, My three brothers and I are wanting to purchase our parents home, but the parents will still ...
A: If you can by a home as an "owner occupied", then you usually get a better rate and there are better ...
|
| Gift of Equity | 9/4/2006 |
Q: Hey Ray, I am actually a Real Estate Broker in Oregon, but i'm unfamilar with a gift of equity. I'm ...
A: It sounds like you might do things a little differently up there because we would just write it up ...
|
| Selling a home that is in Probate | 9/1/2006 |
Q: My father died without a will. His only asset was a home. The estate has been in probate for ...
A: You'll need to hire an escrow company or an attorney (according to where you live) to finish this ...
|
| homeownership | 8/30/2006 |
Q: Beggs, My problem is i bought a house 5 months ago and im having a bbigg water problem almost ...
A: You can go back to your sales agent and ask them to go to the seller and ask if there is anything ...
|
| buying another home | 8/27/2006 |
Q: I'm in the process of looking for a home in another state, I owe 60K on my current home and the ...
A: I'm assuming that you have pretty good equity in your current house? You could get a new cash-out ...
|
| quit claim deed | 8/26/2006 |
Q: My mother in law passed away a couple of months ago. She signed her home over to me via quit claim ...
A: Unfortunately, it's probably attorney time. I have found that, in the case of probates and wills, ...
|
| Investment Property | 8/20/2006 |
Q: Ray I'm looking to get into the realistate house restoring and then renting or selling. Is it ...
A: There are plenty of lenders out there who will do investment property with a FICO as little as 500. ...
|
| Banking / realtor information | 8/17/2006 |
Q: If a banker or a realtor gives his relative information about a home that is going to be foreclosed ...
A: As far as I know, it is not considered "insider information" in the real estate business if an agent ...
|
| Refinance 1st or get a 2nd | 8/11/2006 |
Q: We desperately need about $15,000 to pay off credit card debt (or face a judge and garnishments). ...
A: I would I keep the 5.5% 30 year fixed and get a 2nd loan. You can either get a HELOC (Home Equity ...
|
| 2nd mortgage foreclosure | 8/9/2006 |
Q: My question concerns my 2nd mortgage company forecloser on my house. My 2nd mortgage company (HomeQ) ...
A: The answer is yes, they can foreclose but they probably wouldn't. Also, if they have a subordination ...
|
| Tranfer of Deed | 8/7/2006 |
Q: I owned a townhouse and sold it to purchase a home. The broker used my mom as the primary for her ...
A: The problem your having is a common one. You can "quit claim" your mom off of the deed, but that ...
|
| Name on Mortgage Not Title | 8/2/2006 |
Q: My ex and I, though never married, purchased a home together in February 2003. In September 2004 I ...
A: Unfortunately, I'm going to have to refer you to an attorney because of the legal scope of your ...
|
| how can I get the my earnest money? | 7/24/2006 |
Q: How do I get my deposit money from a buyer that has backed out? Our real estate agent has sold our ...
A: Sounds like you are having a tough time with this. It all comes down to what is in the contracts ...
|
| Closing Recission | 7/22/2006 |
Q: Is there such a thing as an automatic recission if a sale does not close on time for whatever ...
A: No, the sale isn't automatically canceled if it does not close on time but, either party can inform ...
|
| Closing date was missed by the sellers | 7/20/2006 |
Q: I am a buyer who was scheduled to close on a home today in western PA, yet the sellers did not ...
A: First off, these types of last minute problems come up more times then I would like and it is fine ...
|
| mortgage | 7/18/2006 |
Q: I've closed on a house 24 hours ago. I am not able to go foward. How can I end the arrangement
A: If I understand you correctly, escrow closed yesterday on your home purchase. If this is correct, ...
|
| mortgage question | 7/16/2006 |
Q: I bought a house 5 months ago and have found out due to work slowing down that I may not be able to ...
A: It should be okay to rent out the property but every loan is different so you should ask the lender ...
|
| quit deed claim want to sell house | 7/14/2006 |
Q: I own property in Yuma county az.Isold it to a poential buyers sold by owner signing a agreenment ...
A: First off, I'm sorry that you're having to go through this. It's hard for me to say what you can do, ...
|
| ex on deed but not mortgage | 7/10/2006 |
Q: My ex-fiance and I purchased a home together,however, only my name is on the mortgage, but his name ...
A: The short answer is no, you cannot sell a home without the approval of everyone who is on title. ...
|
| Amortization table | 7/5/2006 |
Q: Ray this may not be in your field but here goes: My mother in law who is 90 and failing fast sold ...
A: Am I to assume that the mother in law carried paper on the property? I'm guessing that's the only ...
|
| no right of way in deed | 7/2/2006 |
Q: We purchased a lot in the 70's from my brother & recently decided to sell it to our daughter. Her ...
A: Yeah, you probably nailed it. Since you were the first lot sold, the seller must not have known to ...
|
| parents doing a deed transfer/refi | 6/30/2006 |
Q: this is the situation the house is currently worth about 950,000 they have a 350,000 mortgage and ...
A: It's going to be hard for me to thoroughly answer this without all of the particulars of the deal ...
|
| Selling / closing | 6/21/2006 |
Q: How long does it take between being approved for a home mortgage and the closing? Also, is there ...
A: As a seller, there realy isn't anything that you can do to speed up the buyers loan process. You can ...
|
| refi or not? | 6/15/2006 |
Q: Here is my situation: I purchased a house 12 months ago. My 1st of 116,000 is a LIBOR with a 2 ...
A: I'm going to blunt about this...that scenario you described doesn't sound like what I would do. ...
|
| Quit Claim Deed/Refinance | 6/8/2006 |
Q: My husband and I own a home along with his mother. All 3 of us are currently on the title. She is ...
A: A quit claim deed would be the appropriate instrument to remove the mother from title. Remember ...
|
| mortage vs home equity | 5/29/2006 |
Q: I need about $10,000 to pay off credit card debt. I am a single mother. I have been trying to ...
A: Well, it depends on what kind of interest rate and terms you currently have on your existing 1st ...
|
| Mortgage - GFE | 5/25/2006 |
Q: We have submitted an offer on a home that is already built and it was accepted. The asking price ...
A: First off, congratulations on your home purchase! You're going to love it. Your BK from 3 years ago ...
|
| Mortgage Process via the Phone | 5/18/2006 |
Q: Ray, Thank you for your lightning fast reply. Just three other quick questions. Q: How do the ...
A: 1) The typical way to verify income is through W-2's, current paystubs and checking account ...
|
| Mortgage Process via the Phone | 5/18/2006 |
Q: - Mr. Beggs, Was wondering if you could shed some light on the mortgage process from your ...
A: The loan process basically works the way that you have it written, with a few variances for each ...
|
| Refinancing home by Deed Transfer to the name of my Daughter | 5/16/2006 |
Q: hank you for your time, We wanted to Refinance our home to pay up and close our credit cards. we ...
A: Yeah, this is done pretty frequently. Since the mortgage business is so FICO Score driven, lenders ...
|
| appraisers | 5/12/2006 |
Q: Using the comparable method, where do I find sales prices within the last year in the surrounding ...
A: There are a few places that you could research. One, is Homeseekers.com It is a website that is a ...
|
| appraisers | 5/12/2006 |
Q: How does one financially appraise real estate property, residential property, in the USA? How does ...
A: There are a couple of different ways to appraise property in the US. The most common way is by the ...
|
| Selling a House Before Loan Paid Off | 5/10/2006 |
Q: This is a little more complicated and actually more of a legal question. My wife and I had ...
A: Very interesting question. Unfortunately, I'm not an expert on VA real estate law and I'll have to ...
|
| Buying a Home | 5/8/2006 |
Q: I want to purchase the home that I currently live in now, but I have been reluctant to try because ...
A: I would most certainly give it a try. I don't know how much the property would sell for or if you ...
|
| Refinancing | 5/8/2006 |
Q: I have a second home that I want to refinance for a lower rate and I want the payments to be ...
A: I'm seeing the same thing out there. Lenders do seem to be tightening up on their program ...
|
| Capital Gains Question | 5/7/2006 |
Q: My elderly Father recently came to live with me because of dementia. He has a condo in Cocoa, ...
A: I'm going to have to refer you to a local tax professional because the tax laws are different from ...
|
| flat rate closing cost | 5/3/2006 |
Q: I see a commercial on TV about Ditech.com offer a flat $499 on closing cost. I talked to my local ...
A: I have been asked this many times. I'll do my best to answer. Remember, I have found that lenders ...
|
| ARMs | 4/25/2006 |
Q: I would like to learn all of the pros and cons regarding Adjustable Rate Mortgages. What should I ...
A: An adjustable rate mortgage is a mortgage that can be fixed for a certain period of time or it can ...
|
| Economy effecting selling of houses | 4/22/2006 |
Q: I am interested in rehabbing houses for resell. In your opinion, will the increase price of gas or ...
A: You have asked a question that I have been asked since I began in real estate 21 years ago and there ...
|
| elocs | 4/16/2006 |
Q: We recently purchased a house with (80-15-5)% loan finance. The cost of the house is $315000, 1] ...
A: 1) I wouldn't be able to answer this because HELOCS are all different. You could have a 20-25 year ...
|
| Is it legal to pay down payment for buyer? | 4/11/2006 |
Q: this helps a lot! Then am I right to say that the lender litteraly accepts the closing costs money ...
A: Glad to be of assistance! To answer your first question, as long as you make sure that the lender ...
|
| refin-getting out of interest only | 4/11/2006 |
Q: The reason why I chose you is two fold: First, you mentioned your experience with jumbo loans and, ...
A: First off, I don't know were you read that 50% of borrowers with interest only loans will go into ...
|
| Is it legal to pay down payment for buyer? | 4/11/2006 |
Q: "You could sell the house for $105,300 and then credit the buyer $5,300 towards the buyers closing ...
A: No problem George, Your scenario is basically correct. You will have to ask the lender going in ...
|
| Is it legal to pay down payment for buyer? | 4/11/2006 |
Q: I was wondering if the following is legal in Canada (should be approx. the same as the US I guess)? ...
A: I'm going to say this to answer your question. No, it is not legal to do it this way. It technically ...
|
| Selling a home | 4/11/2006 |
Q: We live in Southern California and purchased a home 3 years ago for $165,000. The home is now worth ...
A: I'll try to give you as much as I can, but I am not a tax expert so please check with a good tax ...
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| Housing bubble | 3/30/2006 |
Q: I've been keeping an eye on the condo market in Vegas, and with the rising interest rates -- what ...
A: Very interesting question and one that is asked a lot lately. My opinion would be to wait on buying ...
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