A homeowner must pay off a tax lien before selling property. The state will place a tax lien on property if the owner has not paid his or her taxes. The homeowner will not be able to sell the property before paying off the tax lien. Contact a real estate attorney for more help with how to pay off a tax lien before selling property.
Real Estate Investing: How to Handle Nightmare Tenants By Sam Tamkin “There’s a beeping sound in the home that’s driving me crazy. Can you come fix it?” When I heard those words, I knew I had a tenant who did not know the basics of home maintenance. In this case, the smoke detector needed a [...]
Protect Your Big Day with Wedding Insurance By Linda Rey “I do” are the two most important words in the wedding ceremony. They can also answer other marriage questions: Do you think about getting married? I do. Do you want to get married? I do. Do you think insurance can help in the process of [...]
5 Tax Lessons Learned from Filing Your 2010 Tax Return By Eva Rosenberg, EA One of my editors wanted to clarify something. Andrea was surprised to learn that the IRS pays interest on refunds. After all, isn’t that the whole point of reducing your withholding—not to give the IRS an interest-free loan all year? Andrea [...]
Do you need a 10 percent return in order to retire on time? I have clients who have a goal date for retirement. They want to have X amount of money put away to be able to retire by Y date. These retirement savers tend to focus on the rate of return, wanting to see [...]
Market News for Passover/Easter Week on the Ilyce Glink Show April 17, 2011 Tax returns are due tomorrow, April 18, although the way electronic returns are pouring in, I'm thinking many people still believe the due date was the 15th. Lines are open to take your questions about foreclosures, short sales or any other real estate and personal finance questions you may have. It was a big week for financials. The Dow ended up down 38 points and we averted a government shutdown. We saw competing budget plans from Paul Ryan and President Obama introduced. We need to cut expenses, but where? Get more information and links at Ilyce's blog.
Lenders would prefer that you had a credit score over 700 and these days it's almost impossible to get mortgage with credit score below 620. There’s a huge difference between having a credit score of 580 and 680, but it's almost impossible to get mortgage with credit score below 620. Even though many sellers are desperate to get rid of their homes, it's almost impossible to get mortgage with credit score below 620.
There are quite a few options available to those upside down or underwater in their homes. Avoid mortgage scams, try legitimate loan modification and strategic default options. If anyone comes to you and ask you to transfer title of your home to them, you should only do that if you have an attorney helps you out in the transaction and you approach your lender to get the sale approved as a short sale. Avoid mortgage scams, try legitimate loan modification and strategic default options.
Even though lenders may handle these payments through the establishment of an escrow account, the responsibility to calculate and pay property taxes falls to homeowner. Before signing off on a mortgage, always look at the documents because the responsibility to calculate and pay property taxes falls to homeowner. In the case of an escrow shortage, it's still the case that responsibility to calculate and pay property taxes falls to homeowner.
Last week's Department of Housing and Urban Development (HUD) ruling may prevent reverse mortgage foreclosure. AARP Foundation Litigation filed a formal challenge to a 2008 rule change on behalf of three surviving spouses of reverse mortgage borrowers, and the new HUD ruling may prevent reverse mortgage foreclosure. Seniors have been experiencing foreclosures but a new HUD ruling may prevent reverse mortgage foreclosure going forward.
