When a divorce occurs, it's important that the title be in the name of the person who will own the home going forward. And while the spouse who keeps the home may want the mortgage loan in only her name, it isn't critical to refinance to remove the other spouse's name. The spouse who no longer has any interest in the home should be the one requesting a refinance of the mortgage loan, not the spouse who continues to own and live in the home.
Clark Howard Show: Ilyce Glink filled in and talked about how she is trying to sell one of her investment properties. She talked about how she is using all available means on the Internet to generate interest in the property, but now she's just like every other seller -- waiting and waiting for an offer. Tune in to hear more, as well as her answers to your calls.
Can you sue a home's seller because they did not disclose mold? This homebuyer discovered mold everywhere and the need for a new foundation after buying a home from a friend without an inspection. Here's how to make a seller disclosure case.
Often, insurance policies are written to cover homes that are exclusively lived in by the owner. If you're going to rent your property or the property is going to be left vacant, you'll need a different sort of insurance policy or at least a waiver from your insurance company. The typical insurance policies don't cover what happens to a home if no one lives in it.
This homeowner wants to sell a home he still owns with his ex-wife. Unless the ex-wife signs a quit claim deed for her share of the home, the house cannot be sold without suing the ex-wife to force the sale of the home. If a judge awarded the house in the divorce agreement, the house will need to be refinanced in the correct name before being sold.
Using a quit claim deed in estate planning is tricky and can quickly turn into a legal mess. Many homeowners do not understand how a quit claim deed works. There is a lot of misinformation about quit claim deeds, and this letter is a good example.
On the show this morning, we talked about the new USDA estimate of how much it'll cost to raise your child: $279,000 from birth to age 17. Does that s...
On the show today, Ilyce talked about last week's stock market drop, and what that means going forward. She also talked about how incredibly expensive it has become to raise children. A new estimate from the Federal government pegged the cost at $279,000 on the low end -- not including college or graduate school. How much does it cost to raise your children? Ilyce takes your calls on today's show.
After the inspection of a newly constructed home the buyer has found that the air conditioning does not meet the manufacturer's requirements. Now she is negotiating with the developer and sub-contractor to get some assurances that the unit will work. A real estate lawyer can help determine what was included in the contract and how she can get out of the purchase if the developer doesn't fix the AC or provide a warranty.
Relocating to a new city can be difficult. To save time and money, you might consider moving only once - by renting the home you'd like to buy before the closing. However, a seller may not want to rent the home. But given the current buyer's market, renting before closing could be a possibility. To have the opportunity, you must work with the seller to offer them several assurances that you will go through with the closing.
