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Foreclosures Move North to Changing Markets

By | June 21st, 2012|

The national foreclosure nightmare is moving north, away from the four states that traditionally have accounted for most defaults and toward markets that heretofore have avoided the brunt of foreclosures and the economic and social problems they cause. Here are some foreclosure factoids based on recent data from RealtyTrac that might surprise you: In April, [...]

Selling a Rental Home: What Are the Tax Implications?

By | June 19th, 2012|

When selling a rental home, understand the tax implications of selling the rental home and the 1031 exchange rules if you buy a new home. Q: I was wondering if you would be so kind and clarify something for me. I have a rental home that I have rented out for the past 18 months. [...]

Four Mistakes People Make When Buying a HUD Home

By | June 15th, 2012|

Buying a HUD home is a great opportunity for those who may not otherwise have the chance to become homeowners. Today’s market is full of HUD homes, and the HUD home-buying process is tailor-made for first-time home buyers and buyers without a large down payment. However, buying a HUD home is very different process from [...]

Retirement and Vacation Deals for Home Buyers

By | June 14th, 2012|

Are you buying a home and looking for a deal on a resort property for family summer getaways or retirement? If so, this may be the last season that you can find bargains-of-a-lifetime in some of America’s most popular beach and resort markets. Prices in some resort destinations, notably in Florida and California, hit bottom [...]

Dividing Joint Property When Co-owner Died Without a Will

By | June 12th, 2012|

Dividing joint property when a co-owner dies without a will depends on whether title was held in joint-tenancy or tenants in common. Q: I own a home jointly but the other owner passed away without a will. His family has filed a suit to partition and insists that if I don't buy them out they will [...]

5 Tips to Prepare Your Home For Sale

By | June 6th, 2012|

There are five important tips to preparing your home for sale and selling it quickly, from adding curb appeal to figuring out your minimum price. There’s a house for sale that we pass every day on the way to the office. The home’s exterior seems to be well taken care of, but the lawn isn’t [...]

How To Buy A HUD Home

By | June 1st, 2012|

In a real estate market plagued with foreclosures, tight lending restrictions, stalled mortgage applications and houses sitting on the market for months, it can feel like the system is rigged against the average American who just wants to own a home. Good news, the Federal Housing Agency (FHA) and the Department of Housing and Urban [...]

How to Divide Inherited Property

By | May 25th, 2012|

How to divide inherited property. There are several ways to divide real estate inheritances without resorting to lawsuits between heirs. Q: I have an interesting situation. My aunt recently died and left behind an estate which includes a luxury condo in Illinois. My aunt had no family of her own, and left 40 percent of [...]

More Facts and Fictions About Real Estate Investing

By | May 21st, 2012|

Did you catch yesterday’s post on facts and fictions of investing in real estate? If you’re thinking of buying a home now, you’re going to have to compete with real estate investors. Good news: There’s plenty of room for you in the real estate investing market. Let’s look at some more myths that persist when [...]

Buying a Home: Facts and Fictions about Investing

By | May 18th, 2012|

Think no one is buying a home? In fact, the numbers are astounding. Investors bought one of every four homes sold in America last year. Moreover, investment-home sales surged from 64.5 percent to 1.23 million last year, up from 749,000 in 2010, according to the National Association of Realtors (NAR). Investing in real estate is [...]

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