condominium
Home Buying Has Risks
Home buying has risks even when buying a condominium with a homeowners association. Q: I’m in the process of purchasing a condominium and there’s a wooden deck near the porch with drainage under it. The Homeowners Association (HOA) says that …
Long-Term Real Estate Investment Strategies
Q: I previously wrote to you and asked about investing in real estate. Since that time, I’ve moved from thinking about buying a single family house or two to actually purchasing and rehabbing about 45 units located in about 15 …
Investment Properties Have Fewer Refinance Options
Q: In the summer of 2006 I bought a condo in Las Vegas with a friend. At the time, we were both successful online poker players and we were spending a lot of time in Las Vegas for live tournaments. …
Who Is Responsible For Mortgage On Inherited Condo?
Q: I inherited a condominium in Naples, Florida from my parents. The property has a mortgage of $200,000 and is worth about half that much. My parents owned it with my uncle and his wife, who are still alive, so …
Las Vegas Real Estate Market Conditions Good For Knowledgeable Buyer
Q: I have a retired cousin in Las Vegas, where as we all know, housing has declined 50 to 60 percent since the collapse began. I have observed many, many condos that can be purchased for a son, and are …
Pay Off Lien On Inherited Property
Q: I am co-trustee of my mother’s estate. I was informed by my mom’s mortgage company of the debt, $4,000.00 and that there is a lien on the condominium. I would like to settle the debt but the lender has …
Underwater on Mortgage, Lower Price or Allow Foreclosure?
Q: My husband, our two-year old daughter and I have been living in a home for a year. We used to live in a high rise condo in a nearby city, and that property has been up for sale for …
Buying a Condo with a Problem, Who Pays?
Q: I live in San Antonio, Texas and looking to buy a condo. If there is a foundation problem with the property, who is responsible for repairing the problem? It’s a small condo complex of about 8 to 10 units, …
Quit Claim Deed Can Transfer Inherited Condominium Between Family Members
In order to avoid problems after a death in the family, a quit claim deed can transfer inherited condominium between family members. A real estate attorney can help navigate the procurement of a a quit claim deed can transfer inherited condominium between family members. Probate court will not be necessary if you have a quit claim deed that can transfer inherited condominium between family members.
Mortgage Refinance Rejected for Paperwork Mistakes
Your mortgage or mortgage refinance can be rejected because of paperwork mistakes. Paperwork mistakes like not providing the right documentation or missing paperwork is a big cause of mortgage refinance rejection. If there were paperwork errors in your mortgage that weren’t corrected at closing, your mortgage refinance can be rejected for these paperwork mistakes. Avoid problems with your mortgage refinance by making sure there are no paperwork mistakes in your loan documentation.
