vacation home
Buying a Vacation Rental Home: Issues to Consider
Thinking of buying a vacation rental home? Does it make financial sense for your family to use the home, or to use it as an investment? Q: I am trying to figure out if the numbers would make sense for …
Ilyce Glink Show – Best Vacation Spots In America – May 26, 2013
Ilyce Glink Show on WSB Radio: Where are the best vacation spots in America, and how does this compare to the regular home market? On this week’s Ilyce Glink Show on WSB radio, Ilyce discussed where the best vacation spots …
Buying Vacation Property in Florida: Is Now the Best Time to Buy a Home?
When buying a vacation property in Florida for retirement, now may not be the best time to buy a home. Q: We’re thinking of buying a property in Florida as a vacation home. Since we won’t be able to use …
Deed-in-lieu or Foreclosure on Second Home
Deed-in-lieu or ForeclosureForeclosure is the legal action taken to extinguish a home owner’s right and interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest rate, it is the percentage of the total loan charged …
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.
