Owning a home can be a very rewarding experience, but it can also come with headaches involving taxes, permits, upkeep and repair, fees, insurance and more. Look for more information here in our articles, blog posts, videos and radio shows about what it means to be a homeowner.
It's not that simple to just add a name to a mortgage. To add your name to a mortgage, you would have to be one of the owners of the home. Depending on the reasons, it might not be necessary or beneficial to add a name to a mortgage loan.
The U.S. Internal Revenue Service just announced that it will allow homeowners to apply to make their mortgage loan the primary lien against their hom...
BBQ lover alert: new Kingsford BBQ accessories make grilling fun and easy. Kingsford has new silicone sop mops, magnetic grilling light for your spatula or tongs and grill sauce pots! Grill at night with the magnetic light and make the clean up easy with new BBQ accessories by Kingsford. Watch this Expert Real Estate Tips segment for more information.
More and more condo owners find themselves in a situation where they're sharing a building with renters. In some cases, developers convert apartments into condos and in years past they could sell the units. Selling condos has become more difficult during the credit crisis. What can a condo owner do when he can no longer afford to make payments and the lender won't work with him? His options include recourse against the lender or seller and working with a new lender to stay in the condo.
If you're trying to sell your old home to buy a new one but can't, you may want to rent a second home until the real estate market improves. Instead of struggling to pay two mortgages on a primary residence and second home, consider renting the second home. Save up money for a new home purchase while keeping your credit score intact and avoiding foreclosure or a short sale.
A homeowner who went into foreclosure a few years ago is paying a private mortgage insurance (PMI) claim as part of a forbearance agreement with a new lender. Homeowners who purchase property and obtain a loan that exceeds 80 percent of the purchase value must pay for PMI, which protects the lender, not the buyer. The original lender will file a claim with a PMI company and a new lender has the right to collect the full loan amount under a forbearance agreement.
Love Salads? Check out the new Oxo Salad Chopper & Bowl! Learn how to make restaurant quality chopped salad at home with the Oxo Salad Chopper and Bowl. For more information from the International Housewares Show watch this Expert Real Estate Tips segment.
A condo owner recently installed replacement windows and his homeowners association notified him that he broke the homeowners association covenant. The replacement windows are similar to his neighbors' windows. Ilyce says he may have to pay a fine or contact a real estate attorney.
Today on the Ilyce Glink show, Ilyce invited noted condominium association attorney George Nowack to spend some time on the show discussing some of the issues facing homeowners and homeowner associations during the current housing crisis. Nowack, a partner with the Atlanta law firm of Weissman, Nowack, Curry & Wilco, talked about how foreclosures are sapping HOA coffers, forcing HOAs to become creative in terms of the fees they charge to local homeowners. If you live in a development or condominium that has an HOA, this is a show not to be missed. To find out more, tune into the show. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
A sibling asks about having a brother move into his widowed mother's now vacant home to facilitate buying homeowners insurance. The family plans for the brother to buy the home but he can't afford it until he receives his share of the estate. It's a good idea to have the brother move into the home to help buy homeowners insurance, but it might not be necessary to sell him the home right away.