A home buyer has discovered that the sewer lines for his home are not on his property and needs to know how to determine who owns the next-door property. The local recorder of deeds should be able to provide the owner of the adjacent property. The homeowner says he cannot get a mortgage without the sewer lines on his property.
Doing a final walk-through of a purchased home will ensure a buyer that the home is in the same condition as when the offer was accepted. If problems are found in the final walk through, the buyer will be able to negotiate a settlement at the closing for any new damage. Without a final walk through, small claims court may be the only way to try to get restitution.
Most investment companies charge something for holding IRA accounts. If you’re considering moving your IRA accounts, look for a company with a low holding fee. But if you like the way your accounts are performing at a company with a higher fee, it might not be necessary to move them.
To avoid PMI, or private mortgage insurance, you’ll need to make a down payment of 20 percent of a home purchase. If you’ve already avoided paying PMI, is it worth it to make a down payment more than 20 percent? Determining the best amount for your down payment means figuring out what the best investment would be.
There are a few resources when embarking on the student loan process. When applying for student loans, you’ll want to start with the FAFSA form. You may also be eligible for scholarships in addition to student loans.
If you start a new job, you’re new employer may not accept a 401(k) rollover from your previous employer. One option is to roll your 401(k) into a self-directed IRA. If your 401(k) has done well, you may be able to leave it with your old employer.
Issuing checks from an account that you know doesn’t have the funds to cover it is fraud. An employee at a restaurant has been battling her employer, who issues payroll checks that cannot be cashed. Writing bad checks is illegal, and this employer should be reported for his bad practices.
Once a debt is sold to a collection agency, it no longer belongs to the original debt holder. A debt collector buys the debt and negotiates with the borrower to pay it back. If you’re able to pay off a debt that’s been sold, you’ll need to work with the debt collector rather than the original debt holder.
As a consumer, it’s up to you to research and find and receive the best rates on your bills. Companies don’t have an obligation to tell consumers the cheapest way to receive their services. It’s a good idea to check once a year to make sure you’re getting the best rates on your utility bills.
Employers are allowed to set their own limits on how much you can contribute to a 401(k). Even though the limit for 401(k) accounts has increased, you may not be able to contribute that much in an employer-sponsored 401(k) plan. A Roth IRA might be a way to build retirement funds outside of your 401(k).
