A woman tries to reclaim assets after her father's death. Before dying he lived with his mother and gave her power of attorney to handle his affairs. The woman says her grandmother passed on a car and house when the father left them to her (his daughter). What can the woman do to get the car and the house back? What rights did the power of attorney give to the grandmother?
What is a stated income loan or no doc loan? Mortgage lenders require a property appraisal and good credit score among other items to qualify for a stated income loan. What are the benefits and who can qualify for this type of loan? Watch this Expert Real Estate Tips segment to learn more about what mortgage lenders require for a stated income loan.
Does it hurt your credit score if you close credit card accounts? Credit bureaus monitor how long you've had each credit card in determining your credit score so closing a long-held credit card could have a negative impact. But if you're generally responsible with your credit cards by paying them off every month and thus not carrying a balance your credit score may not drop significantly. It's important to know your credit score when you're applying for a home loan.
A husband, who will soon be divorced, lives in a home paid for by his wife and his father-in-law. The wife wants to know what rights her soon-to-be ex-husband has to the property since he's not on the mortgage note. It's possible the divorce court may decide that he's entitled to one quarter of the property. His soon-to-be ex-wife will get one quarter and her father owns half. The exact property ownership breakdown will depend on the divorce settlement.
The 2008 mortgage crisis increased the numbers of foreclosures and short sales in the U.S. Lenders responded by tightening rules for new home loans. If you want to buy a home in 2009, what do you need to know before looking for your home and home loan? What can you do to make yourself a desirable mortgage borrower so that banks will issue you a home loan? Check out these New Year's resolutions for home buyers to improve your changes of getting a great home loan and the property you want.
Property owners often use quit claim deeds to transfer title to a property or home. If a quit claim deed names multiple people as property owners and they pass away, does that leave the last quit claim signatory as the property owner? Does someone become the sole owner of a home since a quit claim deed states that the owners have rights of survivorship? It might seem apparent that the last survivor now owns a property by oneself, the survivor should verify. You can hire a title company to verify the chain of title and ensure that you're the sole property owner.
As more bad news continues to come out of Wall Street, Freddie Mac offers some help with a new plan to aid families facing foreclosure. Under the Stre...
