Is title insurance a waste of money? The title company handling the purchase offered it and the homebuyer wants to know if it’s really necessary. Q: Have you ever heard of an "enhanced title?" A friend of mine is buying a home and the title company handling her purchase is offering that to her. I [...]
How to approach neighbors to buy their house. This reader thinks neighbors might move out in the next decade and wants to indicate interest in buying the home. Q: I live in a suburb of Chicago and have two neighbors across the street who I have met a couple of times at block parties. Both [...]
What happens when a will and a quitclaim deed conflict? She quitclaimed her interest in the home when they split, but he never changed his will. Q: My friend prepared his will and specified that his house would go to his girlfriend. She had contributed money to the upkeep while they were together. At the [...]
Buying a house in another state: How to view the property without visiting. This homebuyer doesn’t want to make the trip if it’s not for an active listing. Q: Can you give me any advice on how to make it easier to look for a house when you live in a different state? I live [...]
Buying a house that had work done without a permit: What you need to know. This owner wants to know how they should proceed when sellers had work done on the home without a permit. Q: I've always been told that when buying a house I should ask to see any building permits to make [...]
What’s scarier than buying a haunted house? Approximately 70 percent of Americans believe in the supernatural, but most of them are more afraid of this. Halloween is just around the corner and the spooky season is in full swing. While you and your family are watching some classic horror movies (Poltergeist, The Amityville Horror or [...]
Can a power of attorney be signed electronically? This reader wants to give someone power of attorney but have it signed and notarized electronically. Q: I recently signed a contract for the purchase of a home. I am traveling abroad soon and have given a financial power of attorney to a family member and I [...]
What happens if your mortgage servicer can’t find your loan? These homeowners couldn’t figure out how to make payments and now they’re in hot water. Q; We have lived in our house for 15 years. About four years ago our mortgage was sold to a different loan servicing company. We called the new company several [...]
5 mistakes to avoid when buying a house without a real estate agent. What to watch out for if you’re set on going through the homebuying process alone. Q: What do you think about buying a property without a buyer's agent? What tips would you share for home buyers who do not want to use [...]
Buying a house during the COVID-19 pandemic: what you should know. Some homebuyers regret rushing the process to benefit from low mortgage rates. Mortgage rates reached another all-time low in September (9th time this year!), with Freddie Mac showing the 30-year fixed rate falling to 2.86 percent. But that doesn’t necessarily mean it’s the best [...]
