Beware Of Those Who Promise To Save Your Home From Foreclosure
The Department of Justice today announced that eight people were indicted for $35 million of mortgage fraud in Maryland. You can likely find their na...
More Dads Raise Children On Their Own
In 2006, 2.5 million dads raised kids by themselves. In 1970, there were 400,000 single dads. Of all single parents today, 19 percent of them are dads...
Bad Appraisal Of Home Value Leads To Loss Of Earnest Money
Mortgage lenders require appraisals before issuing home loans. What happens if the home you want to buy appraises lower than what the seller wants? It depends on the contract. The buyer may lose his earnest money if the home does not appraise out and the seller is unwilling to lower the price. It's up to the buyer to cancel the home buying contract if the contract permits him to do that.
Contract Termination With Structural Damage
A home buyer asks about breaking a home sale contract after he learns about a cracked plaster wall. The seller wants to fix the problem but the buyer still wants to terminate the contract. The buyer does not want to fulfill the contract and buy the home with the structural issue, even after it is fixed. The buyer may lose his earnest money depending upon the terms of the contract.
Home Loans, Homeowners Insurance And Home Inspections
If you're looking for zero down mortgage but don't qualify for a VA loan, you could look into the USDA Rural Development Guarantee Loan Program. When shopping for homeowners insurance, be sure to look at more than price because you may miss out on extra coverage that could save you money in the long run. And if you're a home buyer or seller, be cautious about having your attorney share the results of a home inspection.
Selling Inherited Property
If a property is transferred on death the tax basis is the value of the property on the day of the transfer. If the new owner sells the property right away she will pay no tax. If the estate is larger than the current amount one can pass down tax-free, the estate would pay any taxes owed, not you.
Short-Term Savings Account
Unfortunately, there aren't great interest rates for saving short-term cash right now. Shopping around might reveal the best rates among Internet banks. Some mutual fund companies have accounts that will pay decent rates without fees also.
Gas Surpasses Clothes In Teen Credit Card Expenses
Apparently getting somewhere is becoming more important than looking cool. Teens spend more money on gas than they do on clothes when they use their...
How Did Father’s Day Become A Holiday?
Father's Day became an official holiday in 1972 when President Nixon signed it into law. President Johnson issued the first presidential proclamation ...
Are You Having Trouble With Your 401k?
Robert is having trouble with his 401(k). A big company bought his company four years ago. He's no longer allowed to contribute to his 401(k) although...