A Florida homeowner asks how to avoid probate for her estate. She wants to leave her condo to her son but does not want him to pay probate costs. Can she set up a transfer on death deed so that her son avoids probate? Probate laws vary by state and so she should consult an estate attorney to better understand Florida probate laws.
The county assessor's office incorrectly classified a single-family home as a three-family building. With the mistake corrected, the homeowner wants to know if she can receive a refund for the overpayment of back taxes.
If you fail to make payments on an auto loan it's possible for the auto lender to try to recover the money you owe on the car in other ways. The bank can put a lien on your home if you owe them money for another debt such as an auto loan. The lien remains on the home until you repay the auto loan debt and the lien will have to be dealt with when you sell the home. Both the bank and the mortgage lender will have to be repaid for the home sale to go through.
A women had owned a home with her boyfriend prior to falling ill and her boyfriend filed for bankruptcy. The boyfriend claims she no longer is on the deed because she left. Because she didn't a quit claim deed, she should check to see if her name is still on the deed.
Building codes vary from municipality to municipality. But in many places, if you have a basement that is used as a bedroom, building codes may require that you provide a fire exit, either a window or a door.
Would giving a basement 9-foot walls instead of 8-foot walls add to the value of a home? There is no standard for the walls in basements, and could be a very local issue. A real estate agent would know what basement improvements could add to the value of a home.
Making good financial decisions with an inheritance can have a major payoff. Using the inheritance to pay off debts and create an emergency fund is a good start. A 529 college savings plan can be used for the inheritance to be stocked away for college.
Breach of contract during a real estate deal often results in the loss of earnest money. Knowing what is in your contract will tell you what rights you have as a home buyer and what the builder's rights are. The contract will provide language regarding the termination of the contract and what will happen to earnest money.
This home seller was very unhappy with their real estate agent, who failed to show up, didn't answer questions and skipped out on the closing when the home finally sold. Many sellers try to blame their real estate agent when their home does not sell. A real estate's obligation is to sell the listed home.
