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Flipping Properties: Generate Instant Cash Profits in Real Estate

By Staff| 2006-04-01T00:00:00-06:00 April 1st, 2006|

Real estate investing has historically been one of the most consistent ways to achieve great wealth. Focusing on proven strategies for buying and sell...

Lawsuit May Be More Trouble Than It’s Worth

By GlinkAndTamkin| 2006-03-28T00:00:00-06:00 March 28th, 2006|

A borrower worked with a debt management company in another state that did not provide the services they promised. Now the borroweris trying to get a refund for those services.The borrower has done all the right things by filing complaints with various agencies, but the difficult task of suing the company may be their only resort. In some instances, you might pay more in legal fees and costs that what you recover.

Real Estate Agent Wants Home Equity Information

By Ilyce Glink| 2006-03-28T00:00:00-06:00 March 28th, 2006|

As you're looking for a real estate agent to sell your home you may interview some that will ask you questions about how much equity you have in your current home. While it is none of the business of the real estate agent, the agent may be seeking reassurance that she or he will receive their real estate commission upon selling your home. You can reassure the real estate agent without sharing how much equity you have in your home or providing other personal finance details.

Owing Back Taxes After Foreclosure

By Ilyce Glink| 2006-03-28T00:00:00-06:00 March 28th, 2006|

After a home is foreclosed on, do you still owe the back taxes? You must determine if the foreclosure of the home and subsequent sale of the home by the lender produced enough cash to satisfy your debt to the lender. In some cases, lenders don't go after the difference from the borrower. However, in other cases, lenders keep will pursue that homeowner until they get all they can. A deficiency judgment would be the difference between what the lender got from the sale of the home and what you still owe the lender. The deficiency judgment gives the lender the right to continue to go after you for that amount of money.

Listing Agreement Is The Key To Agent’s Commission

By GlinkAndTamkin| 2006-03-21T00:00:00-06:00 March 21st, 2006|

A home seller dismissed their original agent only to have their new agent work with one of the original buyers. What agent gets the sales commission? The listing agreement or termination agreement will clarify which agent gets the commission for this home sale.

Hire Home Inspector For Newly Built Home

By Ilyce Glink| 2006-03-21T00:00:00-06:00 March 21st, 2006|

A home buyer is about to close on a new construction home and a self-inspection brought up a few issues of concern. Hiring a professional home inspector will ensure any major problems are identified before the close. A home inspector should be able to make sure everything is working correctly in the house, so the buyer's new home doesn't have a lot of new problems.

Changing Title Involves Contacting Relatives In Inheritance

By GlinkAndTamkin| 2006-03-21T00:00:00-06:00 March 21st, 2006|

If you buy property with someone and he or she dies how can you ensure that you have clear title to the home? Generally, when someone dies his or her share of a property goes to his or her next of kin. You have to track down your real estate partner's relatives to get them to sign a quit claim deed or so you can buy them out of the property. A real estate attorney may also be able to help you in this situation.

Research Septic Problem Before Suing

By GlinkAndTamkin| 2006-03-14T00:00:00-06:00 March 14th, 2006|

When considering filing a lawsuit over a possible defective product or system used in your home, much research is required. You must research the product and its installation, in addition to talking with other owners, attorneys and the BBB before pointing any fingers. You should also talk to the manufacturer of the product to determine if others have had this problem and what, if anything, they are willing to do to fix it.

Zoning Revisions May Change Builder’s Interest In Property

By Ilyce Glink| 2006-03-14T00:00:00-06:00 March 14th, 2006|

It's important to know how your land is zoned when you want to sell it. A land's zoning affects what can be built on the property as well as the price that the seller can get. To find out your zoning, you need to contact your municipality.

New Tax Ruling Allows For Exception To Capital Gains

By Ilyce Glink| 2006-03-14T00:00:00-06:00 March 14th, 2006|

A new IRS ruling describes how much gain you can exclude in certain circumstances, including death of a spouse, accepting a new job in another location, divorce and medical issues. A homeowner who bought a house, upgraded it, then had to sell because of a medical condition, should be able to exclude at least part of the taxes.

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