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Homeowner’s Foreclosure Help Comes From Non-Profit

By | July 12th, 2006|

Homeowners can get foreclosure help from many areas. The most important thing for a homeowner who may be thinking about starting the foreclosure process is to talk to their mortgage lender about why they can't pay their mortgage loan. The homeowner may find other places to protect them from foreclosure including a non-profit organization.

Investing In Real Estate With Siblings

By | July 11th, 2006|

Can a 1031 exchange be used when selling and buying new property with siblings? Hiring a real estate attorney is a good idea when buying a home with siblings. Here are the best steps to take when using a 1031 exchange and buying real estate with siblings.

Termination Of Easement Agreement

By | July 10th, 2006|

A homeowner shares a driveway with the neighbor as described in the easement agreement. The neighbor has never contributed to the maintenance costs of the driveway. Now a new owner is insisting upon use of the driveway. Unfortunately, termination of an easement agreement is not easy.

Dangers Of Quit Claim Deed

By | July 9th, 2006|

A quit claim deed, without transferring the mortgage, can be dangerous because the mortgage could be called at anytime. Without the title to the house as collateral, the lender can decide to call the mortgage. To arrange a quit claim deed between family members. consult a real estate attorney to determine how the estate should be arranged,

Buying Property Within The Family

By | July 8th, 2006|

A grandchild wants to buy her grandmother's condo, but wants to avoid capital gains for everyone involved. Buying it at an affordable price sounds good, but might not work depending on how much the property has appreciated in value. There may be legal consequences to selling the home at a very reduced price.

Book Review: Two Years To Be A Real Estate Millionaire

By | July 7th, 2006|

Real estate investing can be a profitable venture. Matthew Martinez began real estate investing by buying properties close to where he lived and never buying investment property with negative cash flow. In his new book, 2 Years to a Million in Real Estate, he tells the story of how he turned real estate investing into a major success.

How To Buy Foreclosures

By | July 6th, 2006|

Is buying foreclosure property a good way to break into real estate investing? Buying foreclosure property is getting increasingly popular, but chasing a foreclosure fortune isn't as easy as some make it sound. Timing and local market conditions are important to entering the foreclosure-buying business.

Paying Off Home Equity Loan

By | July 5th, 2006|

A homeowner was unable to contact her home equity lender to get a final pay off amount, so she stopped paying on the loan. She stopped making payments assuming that the company would contact her. This method only hurts her, and she will end up ruining her credit history or going into foreclosure without any warning from the mortgage lender. She needs to try harder to get the contact information, and resume making her payments.

1031 Reverse Exchange

By | July 4th, 2006|

A 1031 exchange is used by a real estate investor who wants to sell an investment property he or she owns but does not want to pay any taxes. To avoid the payment of taxes, he or she sets up a 1031 exchange with one of the many companies that provides this service. In essence, the 1031 exchange company parks the money until you can find and close on a replacement property.

Seller Walks Away At Closing

By | July 3rd, 2006|

After signing contracts, this seller walked away from closing on a home after learning that back taxes would be paid out of the home sale proceeds. If the contract did not give the seller the right to walk away from the deal, the buyer may be able to sue the seller. The seller should have lived up to the terms and conditions of the signed contract.

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