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How To Sell Property With Multiple Owners

By | March 13th, 2009|

As you get older, in order to protect your property, you may want to transfer property titles to your children's names. When you transfer title to property before you die you may see your children fight about the property and whether to sell it. If your children feel one of their siblings is getting a free ride or cheating, the property situation could get ugly. To sell the property your children may have to involve a real estate attorney who can help with a partition lawsuit or enable swapping property.

Zoning: How to Divide a Lot

By | January 19th, 2009|

How can you divide a lot into smaller lots in order to sell? This can be a complicated process. First you need to determine the zoning classification for your property, along with any requirements or restrictions for your property. You may also have to pay attention to subdivision ordinances. To divide a lot you probably want to hire a surveyor and talk to the local building and zoning department. Also, another question about subdivision requirements and modular homes.

LLC Limits Type of Mortgage Lenders You Can Use

By | January 19th, 2009|

When you're a real estate investor you may decide you want to create a limited liability company to hold your real estate assets and to protect you. When you use an LLC to hold your properties, you're limited in what kind of mortgage lender you can work with to get a mortgage. Mortgage lenders have to specialize in either residential or commercial real estate loans.

Name On Title But Not On Mortgage

By | October 23rd, 2007|

Is it a big deal not to have your name on a mortgage? Not if your name is on the title to the home. Having your name on the title but not the mortgage ensures that you have property rights to a home but not financial responsibility. Regardless, you may decide to work with your partner to ensure that the home's expenses are paid on time and in full.

Buyer’s Responsibility To Change Utilities After Closing

By | June 16th, 2007|

When you buy a home you are responsible for having the utilities turned on in your name. Assuming the utilities will roll over or stay turned on can lead to damages if they get turned off in between occupants.

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