Residents who pay fees to homeowners associations may be questioning the HOA fees in this economy. Are the HOA fees being used for the right purpose? Is your HOA financially sound? To find out about the health of your HOA or condo association you should research the latest budget and attend some association meetings.
Mortgage loan borrowers should expect to pay mortgage fees between 1% and 2% of the mortgage loan amount. Mortgage fees depend on the mortgage loan amount, mortgage loan type, interest rates and when in the month you closed on your home. Watch this Expert Real Estate Tips video for more information about mortgage loan fees and how to estimate other costs associated with mortgage loans.
Property owners often use quit claim deeds to transfer title to a property or home. If a quit claim deed names multiple people as property owners and they pass away, does that leave the last quit claim signatory as the property owner? Does someone become the sole owner of a home since a quit claim deed states that the owners have rights of survivorship? It might seem apparent that the last survivor now owns a property by oneself, the survivor should verify. You can hire a title company to verify the chain of title and ensure that you're the sole property owner.
