Give Gift Of Land With Quit Claim Deed
Land can be given as a gift through the use of a quit claim deed. No taxes need to be paid if the gift is valued at less than $12,000. You might need an appraisal to prove the value of the land to the IRS.
Real Estate Minute: Think About US Taxes When Living Abroad
Real Estate Minute with Ilyce Glink Think About US Taxes When Living Abroad Original Air Date:
Refinanced Mortgage In One Homeowner’s Name, Title In Both Homeowners’ Names
What do you do if you purchased a home with a friend who ran into some financial difficulties, and the home was refinanced in the your name only? Should you have mortgage refinanced in your name only, even if the title is in both names? If you do, you will be stuck with all the financial responsibility of the refinanced mortgage while the friend has none.
Buying A Foreclosure? Hire A Home Inspector And Attorney For Protection
When buying a foreclosure, it's important to hire a home inspector and attorney to protect yourself from any unwelcome surprises. A foreclosed property may come with maintenance problems that a professional home inspector can identify. An attorney will a home buyer purchasing a foreclosure by making sure the contracts are legal and the seller discloses any problems the house may have.
Real Estate Minute: Health Care Costs Only Going In One Direction
Real Estate Minute with Ilyce Glink Health Care Costs Only Going In One Direction Original Air Date: October 12, 2006
Meet The 300th Million American And Mortgage Rates
From today's batch of press releases: The U.S. Census Bureau today reported that the nation's population will reach the historic milestone of 300 mil...
Buying Property With Partner
A homeowner purchased a duplex with a partner and is now trying to figure out an equitable way to split expenses after the partner's fiance moved in. A partnership agreement should spell out the financial arrangement between the two homeowners. The partners should also change the ownership of the property to reflect the partnership agreement.
Real Estate Minute: Get CLUE Report In Addition To Seller Disclosure
Real Estate Minute with Ilyce Glink Get a CLUE about the condition of the home you want to buy Original Air Date: October 11, 2006
Housing Costs Go Up, Putting Credit At Risk
More homeowners are putting a higher percentage of their annual income toward their housing costs. The danger of higher housing costs, is that families who don't have enough cash to pay their bills at the end of the month will start playing games with the money in order to make ends meet. Don't risk your credit rating by making uninformed decisions.
Spending The Afternoon With Bonnie Hunt And Thea Flaum
I spent a good deal of the afternoon sitting in the ballroom of the the Ritz Carleton Hotel in downtown Chicago. Actress, comedian, producer, director...