Real Estate Minute: Prepare For The Curve Balls Of Life
Real Estate Minute with Ilyce Glink Prepare For The Curve Balls Of Life Original Air Date: September 11, 2006
Rehap or Sell Home to Developer
Summary: A reader inherited a dated home from his parents. Now he is faced with the decision to invest money to improve the h...
Real Estate Minute: What’s Your Disaster Plan?
Real Estate Minute with Ilyce Glink What’s Your Disaster Plan? Original Air Date: September 2006
Setting Up Condo Association
Normally, condominium associations are not-for-profit corporations, and each state has specific guidelines regulating them. One guideline is to have a registered agent for the condominium association. If the condominium association is involved in litigation, the registered agent is the person who will receive the legal notice of the suit.
Bankruptcy Doesn’t Change Home Ownership
A reader had owned a home with her boyfriend prior to falling ill. Her boyfriend filed for bankruptcy and now claims she no longer has any interest in the home. Ilyce suggests she check with the bankruptcy court and check to see if the boyfriend has forged her name.
Life Estate On Home Could Lead To Gift Tax
Receiving a life estate in a home means the home belongs to you and you can do as you wish with the property, except for sell or transfer upon death of the holder. Giving someone a life estate could result in a gift tax. Talking with a real estate attorney should help determine a way to use a life estate without incurring a gift tax.