Talk about complex real estate transactions! A reader is considering selling a home to a buyer with bad credit and a nice home. Is there a way for them to simply swap homes and avoid real estate commissions?
Homeowners need to be careful about over-appraised mortgages. If the loan is over appraised, the homeowner may not be able to pay it back upon sale of the property. Beware of a predatory lender and file a complaint against the lender with the office that regulates banks and mortgage brokers and lenders, perhaps even the attorney general in the state in which you are located.
Zoning codes generally regulate your home's size, how close it can be built to the street, how tall it can be, how close it can be to neighbors, how many stories can be built and whether you can use it as a single family home or multi-family home, among many other restrictions and rules. e may be the homeowners best bet. Most municipalities with zoning ordinances have rather broad authority to regulate rules and regulations relating to zoning.
