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California 1031 Exchange Company Closes Doors

By | August 7th, 2008|

A real estate investor asks what to do now that his 1031 exchange company in California has closed its doors. The real estate investor may not be able to get his funds back. Who can the real estate investor contact regarding the 1031 exchange company that went out of business?

Capital Gains Tax On Home Sale Inheritance

By | August 7th, 2008|

You may not owe any taxes on inheritance. When you inherit property, you inherit the property at its value at the time the person died. Generally, if you sell it within a year of the owner's death, the IRS views the property's value as of the day of death as the same as the day it sells. Because real estate can be hard to value, the amount received at the sale of the property if it was close to the person's date of death would be viewed as the value of the property at the time of the death.

First Time Home Buying Difficult With No Down Payment

By | August 7th, 2008|

A self-employed first time home buyer asks Ilyce for advice about buying a home without a down payment. The first time home buyer has a great credit score but no money for a down payment. Many non-profit programs that used to help first time home buyers with a down payment have gone away. What options does the first time home buyer have without money for a down payment?

Research Before Canceling Easement

By | August 6th, 2008|

A home owner asks about canceling an easement that he has on his neighbor's property. The easement may be for utilities and will be affected when the neighbor builds a pool. Both parties must agree to cancel an easement.

Quit Claim Deed And Mortgage Scam

By | August 6th, 2008|

When you sign over your property to someone else using a quit claim deed, you're only transferring ownership - you're still responsible for the mortgage. Even if the person who you're naming on the quit claim deed promises to make payments on your mortgage, there's a risk he or she won't. And since your name is still on the mortgage, you're still ultimately responsible for making payments. Read more about how quit claiming your home to a stranger who promises to make mortgage payments may be a scam.

Unpaid Real Estate Taxes

By | August 5th, 2008|

If you don't pay the real estate taxes on your home, you could lose it to a tax purchaser. While the nightmare situation can be avoided, it still happens to lots of people. Here is what you need to know about losing your property because of unpaid real estate taxes.

Inspiration For Not So Big House

By | August 4th, 2008|

Architect Sarah Susanka talks about her inspiration for the Not So Big House concept. Susanka says she gleaned inspiration from living in an affluent Los Angeles suburb as a child. She also finds inspiration in making space work in a Not So Big House. Learn about Sarah Susanka's inspiration for the Not So Big House here.

Sarah Susanka: How To Prepare To Meet An Architect

By | August 4th, 2008|

Watch this video to find out how to prepare to meet an architect. Sarah Susanka, architect and author of the Not So Big House, tells you how to prepare. Susanka says you can prepare by looking at books and magazines and getting a sense of what you like in a home and why. How can you prepare to meet an architect?

Sarah Susanka: Home Design And Money

By | August 4th, 2008|

Architect Sarah Susanka discusses the home design process and money. When you're doing a home design with an architect you should discuss money at every meeting. Home design includes balancing dreams against the money you have to spend.

Manufactured Housing

By | August 4th, 2008|

Architect Sarah Susanka described manufactured or prefab housing. Manufactured housing is built in a controlled environment by craftspeople. A manufactured home may be of higher quality than a home built on site.

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