Monthly Archives: May 2006
This Sunday’s Show On WSB – May 21, 2006
As the spring blossoms are pushing up, so are new scams emerging. There’s a new scam that’s operating in some parts of the country involving teeth whi…
How To Find Good Tenants
A landlord owns a couple of rental properties and would like to purchase more but is concerned about finding good tenants. One good tip is to underprice your rental property to bring in more prospective tenants to choose from. The key is to bring in enough interest so that you can choose the best tenant for your rental property.
House Owned By LLC
If a house is owned by an LLC (limited liability company), the owner is that company. In owning a house, an LLC would be no different than a corporation owning the home. Just like a person, an LLC or a corporation can hold title to a house and other sorts of real estate.
Selling A Home Fails Due To Square Footage Inaccuracy
When you’re selling your home, you’ll need to tell prospective buyers how much square footage your home has. Careful buyers may do their own square footage calculation when they want to buy a home. There are many ways to calculate the square footage of a home you’re selling.
Refund Of Money Held In Escrow
Many homeowners pay money into escrow for their taxes and home owner’s insurance. When the borrower pays off the loan in full, the borrower is entitled to a refund of all money held by the lender for both the real estate taxes and insurance premiums. Generally, Federal regulations require lenders to return the funds within a month or two.
Paying Property Taxes Without Escrow Account
A mortgage lender wants to make sure that real estate taxes are always paid. If the real estate tax bill for your home isn’t paid, the house could be sold to someone who agreed to pay the taxes owed and you and the lender could be left out in the cold. You could lose your home and the lender could lose its interest in the home. In some circumstances, however, lenders will waive the requirement of a tax escrow. The lender must feel assured that you will pay the property taxes, and in some states you must fulfill certain requirements.
Negotiating Closing Costs
Shopping for a new mortgage can be confusing. You should ask what for an itemization of closing costs, because some of them may be negotiable. You may be able to close at the end of the month instead of at the beginning and cut down on your prepaid interest, but this only changes the cash you’ll need at the closing and does not reduce your loan fees. Ask the lender to provide you with an estimate and make sure the closing costs are itemized so you can see what you’re paying.
Ilyce Glink on WSB Radio – May 14, 2006
In her May 14 show, Ilyce Glink offers her WSB listeners useful real estate advice, personal finance advice, and tips on making life just a little bit easier.
Home Equity Loan Is Tax Deductible
Improving your home takes a lot of time and money. Ilyce helps a reader take advantage of the tax benefits of a home equity loan and suggests ways to save on taxes when selling a home.
How To Generate Interest In A Buyer’s Market
Think you’ve tried absolutely everything? Given the recent slowdown in the real estate market many types of new selling techniques are appearing. Ilyce shares some of the new interesting ideas and old trusted ideas for selling your home.
