Reverse Mortgage Upon Selling
A reverse mortgage is a loan against the property. When the property is sold, the reverse mortgage is paid off from the proceeds. The lender doesn’t usually acquire equity in a reverse mortgage.
Finding Good Allies In Home Buying
To have the best home buying experience possible, you’ll want a good agent, attorney and lender on your side. The way to find your home-buying team is through referrals from friends and relatives. You can find an attorney to assist with your home purchase through your local bar association.
Selling Home Of Parents Without Will
When someone dies intestate (without a will) with property, the estate will have to go through probate. The estate will also be used to pay off any debts. An estate attorney is the best option to walk you through the details of an estate.
Husband’s Addiction Ruining Family’s Finances
A woman’s husband has an addiction problem that is taking a toll on the family’s finances. If the husband doesn’t put his family before his addictions, the wife cannot try to save their marriage. A divorce attorney may be in order to help this woman get her life back on track.
Legal To Ask For Additional Security Deposit On Rented Home?
Depending on the terms of the lease, it may be possible for a landlord to ask for an additional security deposit on a rented home. If the landlord thinks you are a problem tenant, they might ask for an additional deposit to protect themselves. A long-term lease that includes security deposit terms can protect both sides.
The Catch Of Zero-Closing-Cost Loans
Most lenders offer loans with zero closing costs, but those loans come with higher interest rates. If you’re closing costs seem high, determine what is included. Shopping around with different lenders and checking out various closing costs will help you zero in on the best deal.
Backing Out Of New Construction Home Contract
Home buyers are having second thoughts about a new construction home they purchased and want to back out and receive some of their money put down back as well. The selling agent for the new construction home has told them cancellations are not allowed, but the buyers say that is not part of the contract. A real estate attorney who specializes in new construction litigation can help these buyers determine if they can back out of their contract.
Help With Taxes For Self-Employed
SurePayroll.com is a payroll company that also helps with taxes. If you’re self-employed, it might help to use such a company to keep track of your tax forms. There are also tax programs that can help you determine what you can write off.
Selling Mortgage-Free House With No Agents
A house is typically the single best asset an individual has, so selling it correctly is very important. If you don’t plan to use agents in selling a home, a real estate attorney can help you handle the sale and ensure all issues are taken care of. Your state’s real estate department might also be able to provide additional resources for selling your home without an agent.
Big Idea Already Has Patent
An inventor had a great idea for an invention – only to find out a patent for the idea already exists. If there is a way to differentiate this invention in a meaningful way, it could still be worth pursuing. Or, the patent holder can be contacted to find out what has happened to the product.