Monthly Archives: March 2007
Illegal To Raffle Off Home
Is it legal to raffle or lottery off your home? You’ll have to do the research for your particular state, but most likely, selling a home through a raffle or lottery is illegal.
Septic Problem Should Have Been Disclosed
A home buyer purchased a home that turned out to have major septic problems that weren’t disclosed at the time of the purchase. The septic field should never have been approved by the health department. In some states, if you have to sue the seller for a failure to disclose a material issue that should have been disclosed to you, you may also be entitled to recover your costs of suing the seller for a recovery.
Co-Buyer Wants Off Title
He helped a friend buy a home by agreeing to be the “co-buyer,” but now that the friend can’t make the payments he wants off the title. He is not the “co-buyer,” he is the owner and his credit score depends on the payment of this mortgage.
Settling Property After Split
A couple splits up leaving the name of the man on the mortgage but both names on the title. Now the gentleman is stuck with the debt of the mortgage and not sole ownership of the home. The man can either buy the woman’s share of the home or go to court to have the home awarded to him and become the sole owner on the title.
Wait To Transfer Property Through Inheritance
It is probably better to transfer property through inheritance, rather than gifting or quit claiming the property. With inheritance, the property will be transferred at the market value of the day of the land, and both parties will avoid a big tax bill.
Housewares Show 2007
New and innovating products designed to make your life easier at home were somewhat limited this year at the Housewares Show. Here are a few products from the Housewares Show you might enjoy.
Green Building Resources
Over the past few years, the green buzz has been growing. More home buyers are concerned with how builders are putting up homes, and how “green” they …
Portion or Price?
Today’s New York Times examines the new TGI Friday’s “Right Size” Program. www.nytimes.com/2007/03/25/business/yourmoney/25bite.html?em&ex=1174968…
Types Of Property Insurance
Homeowners who move out of their homes and leave the home vacant — not just unoccupied — risk having the insurance company invalidate a claim they file against their insurance policy. There are different types of property insurance needed if a home is vacant or rented out.
Ilyce Glink on WSB Radio – March 25, 2007
When it comes to eating in restaurants, what’s your preference? Portion control or price? TGI Friday’s is in the middle of an experiment with its new “Right Size” program — smaller portions for a smaller price. On today’s show, Ilyce threw open the phone lines and listeners weighed in (no pun intended!).
