real estate law
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 …
Using An LLC To Buy Rental Property
You may want to use an LLC to buy rental properties, it may be more cost effective to own in your own name with good insurance in your name. Q: I recently purchased a rental property in Illinois. The title …
Home Inspector Missed Problem With Underground Storage Tank
Even if you hire a great home inspector (ASHI member), when it comes to an underground fuel storage tanks, problems can be missed. Q: We bought a house in Winchester, VA about ten years ago. We had a professional home …
Quit Claim Deed From Divorce Not Signed At Refinancing
In a divorce, if one spouse will keep the home, the other spouse should quit claim deed the home before you refinance the loans on the home. Q: In 2008, as part of my divorce decree and to pay off …
Buying Foreclosed Homes And Getting to Closing
You might have succeeded in buying a foreclosed home, you’ll need to get the bank’s attention to get tot he closing table. Q: I am buying a foreclosed home from a bank in Georgia. I am paying cash for the …
Dues Not Paid to HOA Homeowners Association
You live in a homeowner’s association and people aren’t paying their dues, what should you do? Sue, dissolve, or collect? Q: We have about 70 homes in our subdivision in Georgia. We have a Homeowners Association that has hired a …
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 …
Buyer’s Remorse in New Construction Home Purchase
New construction home buyer gets buyer’s remorse and wants to buy a different home. Q: I signed a contract two months ago for a newly-built house with a leading builder. The home will take about four months to build. The …
Options for Underwater Mortgage Holders
Q: I need guidance on what to do with my underwater mortgage. My wife, my preschooler, my infant and I are living in a house that we owe $90,000 on that we bought eight years ago for about $100,000. Comps …
