Property is anything you own, whether it’s land, a house, electronics, a car, or collectibles. Learn more here about buying and selling property, taxes, and protecting your assets.
Partnership Agreement When You Buy Real Estate Pre-Marriage
When you're about to get married and either you or your future partner has a lot of assets, you may want to sign a prenuptial agreement. If you're buying property prior to getting married, you may want to set up a partnership agreement that outlines the responsibilities of each partner. Prenuptial agreements and partnership agreements can protect people involved in real estate transactions.
Foreclosures Increase Almost 60 Percent in a Year
RealtyTrac, the leading online marketplace for foreclosed properties, announced this morning that the number of foreclosures nationwide in March 2008 ...
Consult Attorney To Document Property Ownership
When elderly parents own a home and one of them passes away, it may put the home's ownership into question. How can the surviving parent and children ensure the home ownership is fair? Consult with an attorney to document the home ownership in a way that takes into account all family members.
New Construction: Pay Attention To Vacant Lots
When you're building a home next to a vacant lot you need to be aware of plans for the property next door. What can you do if the builder of new construction in your neighborhood follows different plans? It helps to talk with a real estate attorney to understand your recourse when you build a home and then plans for the vacant lot next door change.
How Do Tax Sale Properties Work
How can someone buy properties through tax sales? If a homeowner has failed to pay real estate taxes that may be due on his or her property, the local jurisdiction that collects the taxes has the right to sell off the property for the amount of unpaid taxes. Generally, there is a time period by which the homeowner can come up with the money to pay the tax bill even after the property has been "sold" for unpaid taxes.
Property Transfers Into Revocable Living Trust
If you want to transfer property in to a revocable living trust - can you do so without a lawyer? Because it can be a complicated process and an error with the title could cause future problems, you should pay an attorney to do it. Or you can go to a title company for help.
IRS Announces 1031 Exchange Safe Harbor For Personal Use
If you own rental property and want to sell it to buy other property, you may want to consider a 1031 exchange. It allows you to not pay taxes because...
Divorce Property Refinance and Buy Out: Put Quit Claim Deed in Trust
A woman getting divorced says her ex-husband is buying her share of their home through a quit claim deed and will refinance the home. Ilyce advises her to put the quit claim deed in trust until she gets the money from her ex-husband. Otherwise, the woman may not see the cash after handing over the quit claim deed and having her husband buy her share of the property.
Landowner Wants To Sell Fraction Of Property
A landowner who owns one twelfth of a property wants to sell. The landowner says his co-owners will not buy him out. The landowner wants to know his options for getting out of the property.