Property setbacks are rules that describe how close to a property line a home may be built. Property setbacks often exist to improve the visual appeal of a community. If a neighbor violates a property setback, will it affect home values? It's difficult to gauge the effect of property setbacks on home values. If a neighbor disregards a property setback, it may be an issue to get the homeowners association to comment on.
A new homeowner is feeling overwhelmed by their amount of debt. Although their debt ratio does not appear to be too high, there might be ways to keep the home. A debt counselor could help this homeowner keep stable until it's a more profitable time to sell the home.
When you live in a community with a homeowners association you have to pay dues. If you don't pay your homeowners association dues, the HOA may start charging you fines in addition to the dues. If you fail to pay the dues and fines in a timely manner, the homeowners association can sue you in a lawsuit in court.
Homeowners should keep the deed to their home in a safe place. Homeowners who want to display their deeds in a creative way, should scan the document and use the copy. Homeowners should put the original copy of the deed to their home in a bank box or another safe place.
What do you think about the government's new Home Affordability and Stability Plan? Do you think it will affect the housing market. Or do you wonder what will happen to all the homes in foreclosure? Mold could be an issue. First time home buyers will get a tax credit - but what does the plan offer to current homeowners who want to refinance their undervalued home?
A father is purchasing real estate with his son by loaning him money for his down payment and wants to know how to determine the return on investment for the father. The father and son should sit down and talk about the purchase to ensure they both know what roles they are playing. A real estate attorney can help them draft a partnership agreement that spells out the terms and conditions of the purchase.
A homeowner has a new mortgage that has already been sold to a loan service company with a terrible reputation. There is no way, unfortunately, to change loan service companies unless you refinance your mortgage. You'll want to keep a close watch on the new loan service company to keep you and your credit protected.
Although the real estate numbers for November show that the real estate market is slowing down, it still looks as if 2006 will be a strong year. Ilyce gives you some advice about how to manage you largest asset while keeping these new market trends in mind.
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When you buy investment property with partners, it's best to draw up a partnership agreement which clearly describes everyone's responsibilities. When investment property partners don't live up to their end of the bargain you may have to hire a real estate attorney to help you sell the investment and dissolve the partnership. In this instance, a real estate investor discovers that his partners have not been paying the mortgage loan believing they can get a better deal on the loan by going into default. In an investment property situation such as this, there's risk of losing the property to foreclosure and ending up with damaged credit scores.
