real estate law
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 …
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 …
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 …