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Fixer-Upper May Be Vintage Home With Repair

By | August 4th, 2006|

When you're buying a home you may look at older vintage homes that need repair. These vintage homes may be fixer-uppers but it take the right kind of home buyer to renovate them. For people who appreciate vintage homes, it may be a shock to see a vintage exterior with completely modern interior.

Real Estate Minute: Sell Your House With Extra Incentives

By | August 3rd, 2006|

Real Estate Minute with Ilyce Glink Want to sell? Give away a car Original Air Date: August 3, 2006

Risks With Seller Financing

By | August 3rd, 2006|

Typically, when you sell your home, and you have a loan, the loan is due on the completion of the sale. The due-on-sale clause on the loan gives the bank the right to call the loan and require you to pay it in full. The bank may not exercise its right to call the loan, but that is a risk you would take if you sold the home on an installment contract basis.

Be Cautious When Using Quit Claim Deed

By | August 2nd, 2006|

A quitclaim deed transfers any interest you may have in a property to someone else. However, using a quit claim deed does not relieve that person from the responsibility of the mortgage. A quit claim deed will relinquish any leverage that owner has to ensure that mortgage payments are made on time.

Real Estate Minute: Quit Claim Won’t Affect Mortgage

By | August 1st, 2006|

Real Estate Minute with Ilyce Glink Getting Him Off of the Mortgage Original Air Date: August 1, 2006

Understanding Listing Agreements

By | August 1st, 2006|

After signing a listing agreement with a real estate agent, this home seller finds a buyer on their own. Most listing agreements state that if someone who saw the house while it was listed comes back within 3, 6 or even 9 months after the house goes off the market, you still have to pay a commission to the agent. A good recommendation is to keep a listing agreement to 90 days.

Real Estate Minute: Explore Real Estate In Virtual World

By | July 31st, 2006|

Real Estate Minute with Ilyce Glink Virtual Earth and counting Original Air Date: July 31, 2006

Survey Dispute May Be Solved With Property Taxes

By | July 31st, 2006|

A new survey revealed a lot line closer to the neighbor's home, giving the homeowner an extra 10 feet. The neighbors claim that the survey is incorrect, and they own the 10 feet. The homeowner should stake the boundaries of their lot, and investigate the tax parcel to determine if it matches the survey. It might come down to who has been paying the taxes for the extra 10 feet.

Dangers Of Co-Signing A Mortgage

By | July 29th, 2006|

When you co-sign a mortgage or "lend" a signature to a family member or friend, you are really saying that you will be responsible for the entire mortgage, should your friend or family member default on the mortgage. Many people don't understand the true implications of "lending" a signature -- and how their actions can destroy in a few short months the fine credit history you've built up over decades.

Closing Confusion May Cause Problems

By | July 26th, 2006|

A homeowners has transferred the right to buy a property to a second party who in turn transferred it to a third party. There are certain legalities that must take place to insure that the paperwork is just right to make sure that title runs from the bank to the third buyer. The homeowner should try to get the bank to authorize the closing agent to transfer title to the third buyer

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