condominium
How to Divide Inherited Property
If you inherit property with siblings or other family members, there are ways to divide the real estate inheritance without resorting to a lawsuit. Q: I have an interesting situation. My aunt recently died and left behind an estate which …
Condominium Insurance Requirement Set By The Board
If you live in a condominium building, you should have insurance coverage for your personal property and for the interior of your condominium. Requirements are usually set by the board of your condominium association. Q: We live in Virginia and …
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, …
