A timeshare investor forgot about a debt owed on a timeshare that she and her ex-husband purchased before their divorce. She does owe the money for the timeshare, and it will start to affect her credit history, if it hasn't already. All consumers should think very carefully before purchasing timeshares, it might turn into a long-term arrangement you will come to regret.
Real Estate Minute with Ilyce Glink Grandparents Help With Saving For College Original Air Date: July 3, 2006
When your spouse dies with credit card debt, is it your responsibility to pay it off? It depends on whether the person who died had an estate with money to pay off the credit cards. If the deceased did not have an estate to pay off the debt it may fall to the spouse, depending on whose name was on the credit cards.
There are several places to go to find a qualified financial advisor to help you decide on retirement investments and estate planning. Flat fee financial advisors who can assist you on decisions dealing with retirement investments and estate planning is through the Garret Planning Network. The National Association of Personal Financial Advisors can give you a list of fee-only financial advisors who can help you make decisions on retirement investments and estate planning.
To divide multiple properties acquired through inheritance, the owners will have to have new deeds drafter. Each partywill have to sign each new deed, but the "grantee" on the deed will become the official new owner. Don't forget to hire an attorney to help you in drafting the deeds and in making sure that they get recorded with any additional documentation that is required of you.
It is easy to be concerned about the value of your home. However, it is impossible to predict what the market will be like in three years, so you should not worry about the selling price of neighboring homes affecting your property value too much. The best thing you can do to raise your home value is to keep your house and landscaping in good order.
If a house is owned by an LLC (limited liability company), the owner is that company. In owning a house, an LLC would be no different than a corporation owning the home. Just like a person, an LLC or a corporation can hold title to a house and other sorts of real estate.
With the real estate market softening, when is the best time to sell an investment property? Understanding the "real estate bubble" can help you make good decisions about your real estate investment. Holding out for a profit you expected to get on the investment could backfire.
A mother has a piece of land that is supposed to be left between her two children in her estate. One of her children and his wife use the property and keep their horses on it, so do they have a greater claim to the property? There are many unlikely requirements the brother and wife would have to meet to claim the land as theirs once it is in the estate.
Most states have seller disclosure laws that require the seller to disclose to you material defects that affect the home. If a seller lies to a buyer about a material defect in the home, you can sue the seller to recover your damages. In some cases you can even recover your attorneys' fees in suing the seller.
