A homeowner can only get a reverse mortgage if the house is the owner's primary residence, but a home equity loan can be obtained even if the home is not the primary residence. Also, a home equity loan is available to a home owner of any age, where the homeowner must be at least 62 to qualify for a reverse mortgage.
This home buyer purchased a foreclosed lot and had their attorney prorate and pay the real estate taxes, but the attorney paid them for the house next door. Now the title shows there are delinquent taxes on the home. The title company should pay for the mistake showing unpaid taxes, but the attorney needs to own up to his mistake, also.
Home prices are high and it looks as though they may stay high or go higher for a couple of reasons: more people are moving to major metropolitan areas; interest rates are low; and, there are more first-time buyers entering the market. If home prices are too high in the neighborhood you like, look to move to the outskirts of that neighborhood.
Satellite dishes are prohibited by this homeowners association's documents, but many neighbors continue to use them. The homeowners association president told one homeowner that the association has quit enforcing this provision. Is there anything this homeowner can do to get this rule enforced?
Refinancing your mortgage loan through streamline loan modification can save you money because you are in effect getting a new home loan. Refinancing using streamline loan modification means that you contact your current lender to see if they will improve your loan terms so that you'll get a lower monthly payment. Learn what factors to consider for refinancing your home mortgage loan through your mortgage lender.
A profitable real estate investment in commercial or industrial property will result in a large capital gains tax at the time of sale. A 1031 exchange with financing is one way to defer tax penalties and obtain some cash immediately when selling investment property. When you do a 1031 exchange you have to make sure that you follow the timing rules of your sale and purchase of new investment property.
Saving money is a challenge for many of us. Whether you are saving money for college, saving money for a down payment, or saving money for retirement, all it takes is a good system. Is buying and sharing private real estate with another family wise? Even if the market for single family homes is too expensive, buying real estate with another family or couple can be risky. Buying real estate with another family and sharing that space could mean the end of a friendship and possible financial ruin.
Most people think about their cars when they want to help the environment. Ilyce explains that your home is your biggest energy consumer. Here are some tips for making your home green.
A home buyer discovers the home she bought has flood damage after closing and moving in, but nothing was indicated through seller disclosure. Now the home buyer is trying to determine if she can sue the seller for not disclosing the flood damage before closing. Ilyce explains that in order to sue the seller, the home buyer must be able to prove that the seller purposely chose not to disclose the flood damage before closing the sale.
A couple is considering selling part of their 22-acre property to fund building a new house for retirement. They prefer not to sell property to developers. Is avoiding selling property to developers possible? They have many different options for the property and how to get the most money out of the property.
