Have real estate questions? Here, you’ll find helpful articles and other resources that cover issues related to real estate, buying, selling, financing, refinancing, credit and debt, insurance, second homes, vacation homes, real estate investment, new construction, and renovation.
1031 Reverse Exchange
A 1031 exchange is used by a real estate investor who wants to sell an investment property he or she owns but does not want to pay any taxes. To avoid the payment of taxes, he or she sets up a 1031 exchange with one of the many companies that provides this service. In essence, the 1031 exchange company parks the money until you can find and close on a replacement property.
Seller Walks Away At Closing
After signing contracts, this seller walked away from closing on a home after learning that back taxes would be paid out of the home sale proceeds. If the contract did not give the seller the right to walk away from the deal, the buyer may be able to sue the seller. The seller should have lived up to the terms and conditions of the signed contract.
Pay Off Debt With Home Equity Loan
If you have a lot of credit card debt and a car loan you may be looking for a good way to pay down your debt. A home equity loan is one way you can pay off credit card debt and a car loan. If you plan to sell your home in the near future make sure that the proceeds from the sales will help you pay off the home equity loan as well.
Ilyce Glink on WSB Radio – July 1, 2006
In her July 1 show, Ilyce Glink offers her WSB listeners useful real estate advice, personal finance advice, and tips on making life just a little bit easier.
Divorce Requires Home Loan Refinance
In order to get your name off a mortgage loan, the loan must be refinanced. When you go through a divorce and divide up assets, including a home, you have to refinance so that the spouse who gets the home becomes solely responsible for paying the mortgage. Refinancing may result in one spouse buying out the other, but the spouse who is being bought out should not have to incur more debt for that to happen. Taking out a separate home equity loan has nothing to do with refinancing. In addition to refinancing, the spouse who is giving up the home should also sign a quit claim deed.
Are you working on Monday, July 3rd?
A survey of 100 human resource executives revealed that July 3rd is just another day in the calendar. Only 25 percent of companies plan to give their ...
Home Seller Hides Fire Damage
A homeowner didn't have a home inspection and discovers evidence of a fire a year after moving into his new home. A home inspection would have uncovered this damage, but the seller was required to disclose the fire. A real estate attorney can determine if this buyer has a seller disclosure case.
Selling Inherited Property
A homeowner inherited her current NYC residence from her grandmother. Now that neighborhood properties are being sought after by developers, she would like to sell the inherited property for the most money possible. It's easy to determine possible capital gains taxes on the inherited property.