Real Estate
Short Sale With Multiple Mortgages
Q: I have a second and third mortgage on my house. Can the lenders of my second and third mortgage foreclose on my house even if I make all my payments to my first mortgage lender in timely manner? Is …
Check Homeowners Association Fees and Amenities Before Buying
Q: We just purchased and closed on a home with community pool/spa listed in the local multiple listing service (MLS) in a gated community. As it turns out, the pool is not for this subdivision in the community but another …
Finding Your Property Line Before Buying
Q: I am reading your book, Buy Close, Move In!, and it doesn’t say anything about property lines. I found out that the property line is actually half way through the yard on a property I want to buy because …
For Sale By Owner Advice, Expert Real Estate Tips
Q: I have a possible buyer for my home and am selling it by myself. There is no agent involved on either side of the transaction. What are my responsibilities as a home seller? Are there any disclosures I have …
How to File a Title Insurance Claim
Q: I purchased land in 2003 and obtained a title insurance policy from one of the most prominent title insurance companies in the country. Additional title searches and policies were issued when I obtained a construction loan and a loan …
Name Change on Property Tax Bill Pays Off
Q: This isn’t really a question. I just figured that you seldom find out how situations you’re asked about actually turn out, so I want to tell you about mine. A couple of years ago I asked you if it …
Remodeling To Increase The Value Of Your Home
Q: How do we decide if we should do the remodel or not and how much to ask for our house? If we haven’t found a house yet, when should we put the property up for sale? My husband and …
Short Sale Income and IRS form 1099-C
Sell a home in a short sale. You may have to pay taxes on the sale even if you lost money and may receive an IRS form 1099c Q: I formerly financed a property in Denver, Colorado that successfully underwent …
Who Pays For a Home Inspection Report When Buying A Home
Who Pays For a Home Inspection Report When Buying A Home if the report is then used by a subsequent buyer and that buyer benefits from its use? Q: As a short sale buyer, I paid for the well and …
First Time Home Buyer Student
A First time home buyer who is a student wants to buy a house and use most of his savings to purchase the real estate. Should he? Q: I am a first time home buyer and a 22-year old student …
