Daily Archives: July 10, 2008
For Sale By Owner – 1406 S. Princeton – Arlington Heights,IL
For Sale By Owner – 950 Shermer Road – Northbrook, IL
For Sale By Owner – 950 Shermer Road – Northbrook, IL. Large, beautiful house for sale on scenic Shermer Road is the ultimate family house.
Fewer Teens Work This Summer
When I was a teenager I babysat, pet-sat and worked at an Arby’s. My favorite summer I was working at a local newspaper during the day and at Arby’s a…
Celebrity Foreclosure: Former Cincinnati Bengal Chris Henry
Chris Henry, a former Cincinnati Bengal football player, lost his Florence, Ohio, house to foreclosure in May after not paying the mortgage. He bought…
Quit Claim Deed And Mortgage Assumption
Managing real estate from out of state can be difficult. You may be able to get a family member to agree to take over mortgage payments on a property that you own but your name remains on the mortgage loan unless that loan gets refinanced. A quit claim deed transfers property ownership rights but does not change who’s responsible for the mortgage. You should first try to work out a situation like this with family members and if it doesn’t work out you may have to hire an attorney.
Quit Claim Deed And Divorce
What does it means to sign a quit claim deed? If you’re ever asked to sign a quit claim deed read it carefully. Quit claim deeds can be used to add or remove someone’s name from a title. What effect does signing a quit claim deed have on a person’s rights to the home? And what happens to the property during a divorce?
Mold In Purchased “As-Is” Home
A homeowner asks about mold in a house she bought in “as is” condition. Who can she hold accountable for the house mold? Should the real estate agent or home inspector have pointed out the house mold? Does she have recourse for house mold when she buys a home “as is?”
Homeowner’s Insurance Doesn’t Cover Foundation Issues, Seller Liable?
A homeowner asks about foundation cracks that his insurance doesn’t cover and whether the seller should be forced to fix them. Can the seller be liable because he did not reveal the foundation cracks in seller disclosure upon selling the house? Or will the homeowner have to pay to repair the foundation cracks since homeowners’ insurance doesn’t cover it?
Community Design Trends
Learn about community design trends from master plan developers. What are the trends in community design that will affect the future? Community design trends come from what residents want and how they use their community’s amenities. What are some community design trends for recreation and proximity to work?
Cohabitation Ownership Rights
What rights do people have with cohabitation? A couple moves in together but the woman’s name is not on the deed or the mortgage. Does she have property rights from cohabitation? What impact does her financial contribution have on what she would get if the cohabitation ended?
