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GlinkAndTamkin

About GlinkAndTamkin

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So far GlinkAndTamkin has created 323 blog entries.

Broker to Blame for Slow-To-Sell Home?

By GlinkAndTamkin| 2009-01-19T01:02:03-06:00 January 19th, 2009|

We were very unhappy with the broker that ended up selling our house. She didn't show up at the first open house. She had a trainee show the property. She did not respond to various questions regarding comments from prospective buyers. She did not attend the buyer walk-thru nor did she attend the closing.

Partnership Agreement Prevents Home Sale Woes

By GlinkAndTamkin| 2008-10-04T00:00:00-05:00 October 4th, 2008|

How do you split up the investment in a condo after it's sold? Two friends contributed to the condo's down payment but only one of their names is on the mortgage. How much of the proceeds are each of them entitled to after the sale? Can the friend who's not responsible for the mortgage claim a significant amount of the sale proceeds? A real estate attorney can help determine who gets what and to set up a partnership agreement the next time someone buys property with a friend.

Quit Claim Deed Can Split Community Property

By GlinkAndTamkin| 2008-10-04T00:00:00-05:00 October 4th, 2008|

How can you remove a co-owner from a mortgage loan? If you live in a community property state the situation may be treated differently. One option is to have the co-owner sign a quit claim deed. Another solution is to try to amicably separate first and if that does not work to contact a real estate attorney.

High Mortgage Loans Worry Home Owner

By GlinkAndTamkin| 2008-09-25T00:00:00-05:00 September 25th, 2008|

A home owner has taken out several mortgage loans but is unsure of her home's value. She worries the home value won't be enough to refinance or sell and pay off the mortgage loans. How can she determine an accurate home value?

Quit Claim Deed Transfers Real Estate Back Taxes?

By GlinkAndTamkin| 2008-09-19T00:00:00-05:00 September 19th, 2008|

A father transferred his home to his children using a quit claim deed, but he stopped paying the taxes. Now his children have been notified they're behind on real estate taxes and could lose the property. One child wants to sign a quit claim deed to transfer ownership back to the father. If they do sign the quit claim deed, will this shift responsibility for the real estate taxes?

Lien Stalls Real Estate Contract

By GlinkAndTamkin| 2008-09-19T00:00:00-05:00 September 19th, 2008|

A husband says his wife has a pending sales contract her home and her ex-husband's divorce attorney has placed a lien on the home for attorney's fees. The husband wants to know how to deal with the lien, which is a claim to the property. The best be would be talking to the couple's real estate attorney.

Homeownership With Contract For Deed

By GlinkAndTamkin| 2008-09-12T00:00:00-05:00 September 12th, 2008|

How a contract for deed and inheritance affect a home sale? Her parents bought a property using a contract for deed and she wonders whether the original seller can claim any of the money from the home sale. Sam and Ilyce advise that once the buyer satisfies the terms of the contract for deed, the buyer owns the property and keeps the home sale proceeds. In this case, the terms of her father's will also affect the transaction.

Quit Claim Deed Signed By Deceased Person

By GlinkAndTamkin| 2008-09-11T00:00:00-05:00 September 11th, 2008|

Is a quit claim deed valid when the signatory is deceased prior to the quit claim deed's execution? Can the notary who approved the signature on the quit claim deed be held accountable? Notaries' role in the quit claim deed process is crucial and it depends on state law.

Canceling A Real Estate Contract Leads to Lawsuit

By GlinkAndTamkin| 2008-09-11T00:00:00-05:00 September 11th, 2008|

A home buyer decides to drop financing for a new home purchase after discovering high financing fees. He's canceling the real estate contract but the sellers have threatened to sue. How can the home buyer break the real estate contract but not be sued? Ilyce suggests the buyer contact a real estate attorney.

Condominium Declaration Affects Renting Out Units

By GlinkAndTamkin| 2008-08-14T00:00:00-05:00 August 14th, 2008|

A condo owner asks about how a condominium declaration affects her ability to rent out her condo. If the condominium declaration does not discuss renting out condo units, the condominium association usually relies on state law. The condo owner could sue to change the condominium declaration but that could lead to upsetting her neighbors. What should the condo owner do?

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