A basement inspection should be part of a home inspection. When home inspector Jamie Dunsing inspects basements he looks for gas leaks such as carbon monoxide and radon. Learn what else may be found during a home basement inspection.
When a home inspector conducts an attic inspection he will look at the attic's insulation, air conditioning and more. Addressing problems found during attic inspections can save you money on heating and cooling. Learn what's included in an attic inspection.
Buying a home? What happens when you buy a home with unpaid real estate taxes? What risk do unpaid real estate taxes pose to your home purchase? How often do buyers come to closing with unpaid real estate taxes? Chicago Title's Gina Giannelli talks about unpaid real estate and property taxes.
If you go through financial hardship such as bankruptcy you may decide to remove yourself from a property title. After your financial hardship (including bankruptcy) has passed, you may want to add your name back to the property title. Learn how you can add your name back to the title using another quit claim deed.
When you sign a quit claim deed you relinquish ownership rights to a property to another person. If that person has you as the heir in his or her will you should get the property back. If you're not listed in the will, then the quit claim deed stands and the property goes to the heirs named in the will. To sort this out you'll need to review the quit claim deed and the will and possibly contact an estate attorney.
What does it means to sign a quit claim deed? If you're ever asked to sign a quit claim deed read it carefully. Quit claim deeds can be used to add or remove someone's name from a title. What effect does signing a quit claim deed have on a person's rights to the home? And what happens to the property during a divorce?
Managing real estate from out of state can be difficult. You may be able to get a family member to agree to take over mortgage payments on a property that you own but your name remains on the mortgage loan unless that loan gets refinanced. A quit claim deed transfers property ownership rights but does not change who's responsible for the mortgage. You should first try to work out a situation like this with family members and if it doesn't work out you may have to hire an attorney.
Transferring property just before or during a lawsuit without payment may be seen as a fraudulent conveyance -- as if you were trying to shield assets from the lawsuit. Even if you sign a quit claim deed giving up your interest in a property, the court can overturn that quit claim deed and award the share of the property to the victor in the lawsuit. Learn more about how the timing of a quit claim deed can put a property at risk.
