The owner of a condominium wants to lease his property to two 21-year-old women. The homeowners association says the building is restricted to "single-family homes" and he cannot lease his condominium as a rental property. Ilyce says the homeowners association president is mistaking the meaning of, or incorrectly defining a single-family home and they may be violating the Fair Housing Law from HUD.
While it's getting more difficult to qualify for home equity loans, Americans borrowed more of their home equity lines of credit than last year. Cons...
A home buyer discovers his air conditioning unit that he thought was new is now broken and wants to hold the seller accountable for not disclosing it. If the buyer can prove the seller intentionally didn't disclose the age of the air conditioner, he may be able to sue the seller for damages. To win a seller disclosure case, you must prove that the seller knew, or should have known, about a particular problem.
This week on the Ilyce Glink Show, Ilyce discussed the mortgage crisis proposal offered by President Bush this week and what you have to do to see if you can take advantage of this opportunity. She fielded questions about closing costs, investing spare cash vs. paying down a mortgage early, and investment property. Check it out and don't forget to take a look at her new all-video website, www.expertrealestatetips.net.
Long-term capital gains taxes will be paid on the difference between the purchase price and the sales price, minus the broker's commission, transfer stamps, advertising costs, any other costs of sale and the cost of capital improvements made to the home.
An owner financed mortgage is not working for this home buyer. Ilyce suggests that this ThinkGlink reader work with a real estate attorney to understand her current mortgage and then refinance from a conventional lender.
Yet another group is speaking out against President Bush's mortgage proposal. The National Multi Housing Council, which represents the interests of t...
Yet another group is speaking out against President Bush's mortgage proposal. The National Multi Housing Council, which represents the interests of t...
Ilyce will be on CNN this morning discussing President Bush's mortgage relief plan. Tune in and see Ilyce answer viewer questions. Dec. 7, 2007....
President Bush unveiled his mortgage relief plan yesterday. Apparently it will give homeowners who financed homes with adjustable rate mortgages afte...
