Daily Archives: April 4, 2006
Social Security
Here’s an email I got yesterday about the Social Security Issue:
I applaud you for speaking out about identity theft. Why don’t you take it a step fu…
Stay Away From Refund Anticipation Loans
The National Consumers League (NCL), founded in 1899, sent out a press release this morning condemning refund anticipation loans (RAL). This isn’t big…
Sorting Out The Ks And Qs And Reading Between The Lines
I spent most of yesterday in the basement conference room of the 410 Club. The 410 Club is located in the renown Wrigley Building, a beautiful piece o…
Lawsuit May Be Only Way Out Of Ownership Dispute
A home owner helped a friend with bad credit by purchasing a home with him. His name is on the mortgage but the title is in the name of the friend. Now that the friend has turned up missing, what recourse does the home owner have? The buyer needs continue paying the mortgage and possibly file a lawsuit to get the title into his name. He won’t be able to take his name off the mortgage unless the loan is paid off or the friend reappears and refinances the property into his name.
Job Search Advice For Real Estate Agent
What’s the best way to start a career as a real estate agent? One option is to contact a real estate brokerage and ask if it has an apprentice program. Some real estate job advice includes passing the real estate licensing exam.
Estate Planning Can Prevent Future Confusion
When you lose your spouse and your spouse did not have a will it may make transferring assets such as a home confusing. Estates without a will have to go through probate, which can take some time. Learn how to clear up the ownership of a home and provide your children with clear legal ownership if something should happen to you.
Cost Basis Determines Taxes On Home Sale
When someone gives you a home what cost basis do you use when you sell it? Cost basis for taxes may include the original market value of the home as well as home improvements. After you’ve figured out the correct cost basis you can find out how much you’ll owe in capital gains taxes. For more information on capital gains taxes and home sales visit the IRS Web site.
Condominium Owners Starting An Association
Condominium owners should get a copy of the condominium statute from the state, and owners need to be cautious when hiring a management company. Management companies offer different levels of services for different fees. The most basic management services include helping the association bill each unit owner for monthly assessments, receiving funds and doing basic bookkeeping services.
Buying Unusual Landmark Property
Have you seen the show “ReZoned” on HGTV that features unusual landmark properties? How would one ever find a cool landmark property to buy?An experienced real estate agent can help you track down a hard-to-find landmark property.
Buying This Spring: 10 Things You Need To Know
Because the market has changed, savvy home buyers need to think about the home buying process a little differently. If you’re a buyer right now, there are a lot of changes to be thankful for. Here are 10 things buyers need to know to make the most of today’s marketplace.
