A homeowner purchased a home with his fiance and they eventually broke up and is wondering if a quit claim deed will work. A quit claim deed will remove him from the title, but not from the mortgage. You cannot remove your name on the mortgage loan unless you sell the house or refinance the mortgage.
Here's the www.cpsc.gov/cpscpub/prerel/prhtml07/07307.html link to the recall information from the Consumer Product Safety Commission. If you have a ...
We had a call this morning on the show about selling a timeshare. You should know a couple of things about timeshares: * Some people like 'em, some p...
Well, we're officially into Fall -- and in many parts of the country, the summer weather continues unabated .... unless you live in Los Angeles which ...
Today on the Ilyce Glink Show, Ilyce talked about the ten questions you should ask your spouse or partner before you retire. Surprisingly, it isn't just about how much you've saved but how each of you are planning for retirement and what you hope to do after you leave your full-time jobs (if indeed you leave). She also discussed, and took calls about, a Washington Post report that says the TSA is collecting even more data on our travel, including cruises we take abroad. Finally, she discussed Friday's recall of a million baby cribs by Graco and Simplicity, the largest full-size crib recall in history.
When you refinance or pay off your mortgage, you'll need to notify your insurance company. The insurance company should know that the title is now in the owner's name. This will make it easier to file a claim with the insurance company should you incur a loss.
A homeowner is going to rent her house, but plans to sell it within the next two years. She should not have to pay any capital gains taxes, because when a person sells his or her home, and the person has used the property as their primary residence for at least 2 out of the last 5 years, he or she doesn't have to pay any tax to the federal government on the first $250,000 of profit (up to $500,000 if the owners are married).
The real estate market is operating in favor of buyers, so sellers have to be patient until the market improves. If you're a seller with property you're anxious to sell, waiting for the market to swing back will certainly pay off. But the caveat is that the market may come back stronger in some places than others.
If you're facing foreclosure, learn as much as you can about your options first. Some of the same people who helped you to buy your home may be able ...
A homeowner bought a seller financed home and the seller holds a deed of trust. She would like to transfer the seller financed home to her children, but the seller does not want to transfer the property to them. Ilyce surmises that the seller may be concerned about losing his interest on this investment property and discusses alternative ways of obtaining this property that started with seller financing.
