vacation home
Deed-in-lieu or Foreclosure on Second Home
Deed-in-lieu or Foreclosure on a vacation second home is not a sure thing with a bank. Q: I have applied for a deed-in-lieu of foreclosure on a vacation beach home I own, but can no longer make the payments. I’m …
Limited Options to Get Out of Timeshare Contract
Limited options available to get out of a timeshare contract. Timeshare owners have limited options for getting out of timeshare contracts. Work with timeshare management company to get out of timeshare contract. Timeshare owners trying to get out of timeshare contract have limited options and are still responsible for maintenance and homeowners assoctiation payments for timeshare. Contact a real estate agent specializing in timeshares to help get out of timeshare contract.
Buy Land to Avoid Property Encroachment
Buy land to avoid a property encroachment lawsuit. To avoid property encroachment buy the disputed land. Obtain an easement on your vacation property or buy land if a property is in danger of encroachment. Solve zoning issues with an easement or buy the disputed land to avoid property encroachment. A vacation property in danger of encroachment can avoid a lawsuit with an easement or the purchase of the disputed land. Encroachment on a neighbor’s property? Buy the land from your neighbor to avoid property encroachment or obtain an easement to avoid the property encroachment.
Don’t Use Quit Claim Deed To Avoid Gift Tax On Inherited Vacation Property
Don’t use a quite claim deed to avoid gift tax on an inherited vacation property. If you’ve inherited a vacation property you don’t need to use a quit claim deed to avoid gift tax on the inherited property. Using a quit claim deed to avoid gift tax is not appropriate on an inherited vacation property. A quit claim deed will not help you avoid gift tax on a vacation property. An inherited vacation property that is a gift does not need a quit claim deed to avoid gift tax.
Fraudulent Loan Leads To Bank Seizure Of Short Sale
Countrywide loan fraud led to bank seizure for unsuspecting homeowner. Her loan was deemed fraudulent and the homeowner discovered a bank seizure on her rental home. The property is not in foreclosure but the owner was in the process of selling her rental home in a short sale. Her best option may be to file lawsuit against the lender. Contacting a real estate attorney is the next step.
Summer Travel — Hot Spots You Might Not Have Considered
When vacationing this summer, consider alternates to crowded Disney World, Las Vegas, and DC. Instead, you may be interested in some of the more laid-back vacations such as Colorado Springs or Jamestown, Virginia. These may offer a more relaxing break and, in some cases, a more historical one.
Real Estate Gift Poses Tax Problems Down the Line
When giving real estate as a gift, it is always good to know the IRS tax laws that come with it. If everything isn’t declared properly, it could lead to tax ramifications down the line. If this happens, the gift could be far more trouble than it’s worth.
Buying A Vacation Rental Property
For some people, this is the worst time to be in the real estate market to buy or sell a home. Others believe, this is a great time to buy properties. In this review of Christine Hrib Karpinski’s book “How To Rent Vacation Properties By Owner,” she discusses the best way to approach buying a vacation rental property. There is a strategy that you should follow to buy a vacation property that you would want to rent most or all of the time. Karpinski is the director ow owner community for HomeAway, Inc. So follow a formula and make sure you understand the market and the risks of buying a vacation rental property.
Ilyce Glink Show on WSB Radio – September 13, 2009
Today on the Ilyce Glink Show, Ilyce discussed the Taylor Bean and Whitaker mortgage servicing confusion with several callers. See our Taylor Bean and Whitaker homepage for the full updates. Ilyce directs callers to the resources they need to get help with their Taylor Bean and Whitaker problems. Is a FICO score really necessary? Dave Ramsey says no, but Ilyce explains why she thinks a FICO score still matters. Ilyce helps a caller weigh the pros and cons of tapping into his retirement savings to buy a vacation condo. Listen to the podcast here and check out the blog for more show notes.
Buying or Renting a Vacation Home. What’s the Better Choice?
Buying or Renting a Vacation Home. What’s the Better Choice? Vacation homes can be a great way to enjoy your summer vacation, but should you rent or buy these homes? If you buy, you get all the investment benefits on owning a home, but you still have to take care of it. You may end up spending more time tending to your vacation home, than vacationing. Renting a vacation home may be the right way to go, if you’re not prepared to pay for the right to have the vacation home for the short period you might want to stay there.
