Articles about real estate
Tax debt is simply owing money to the IRS and/or a state but a tax lien means that your taxes went unpaid long enough to trigger collection actions. If you have an IRS lien on your income or assets, it will greatly diminish your chances at getting approved for a mortgage. Can owing back taxes …
If renovations were done without permits and an inspection, the house could be unsafe. … Address the issue now so you don’t have to pay for repairs later. If you decide to buy an unsafe house, you may be denied a mortgage or have to pay extra for homeowners insurance. Can you buy a house …
Putting property “in the name of” someone else is perfectly legitimate provided the appropriate formalities are dealt with. Can I buy a house and put it in my wife’s name? A married buyer can purchase a home on his own, using only his credit, income and assets to qualify for a loan. However, since California …
With an FHA loan you can qualify for manufactured home financing with a FICO score of 500. You can even lock in a pretty competitive interest rate, even with a bad credit score. If you have a FICO score of 575, you can now choose between a Chattel loan or FHA loan. What is the …
puffing. n. the exaggeration of the good points of a product, a business, real property and the prospects for future rise in value, profits and growth. What is an example of puffing in real estate? Agents offering you their services by saying they already have buyers or claiming they can sell your home at a …
Yes, you can. Buying a second property either as an investment on a buy-to-let basis or because you have a legitimate reason for a second home are both common reasons to refinance your mortgage. There’s no reason why the equity you have built up in your first home can’t be used to get you another. …
You can claim the property tax credit if all of the following conditions apply: you were a resident of Ontario on December 31. rent or property tax on a principal residence was paid by or for you in the year. you were 16 or older on December 31. Who is eligible for Ontario property tax …
If you have joint ownership of a property then you cannot sell without your spouse’s permission, and there’s no real way around this. … If your spouse refuses to cooperate, then you will need to begin an action of division and sale in court. Can you sell a house if one partner refuses? If you …
The first step to living off of rental income is knowing how much income you need to live your life as you are accustomed to. Do some math, and get to a figure you feel will allow you to live comfortably without supplemental funds like a full-time salary for a full year. Is it possible …
Will there be a future without real estate agents? The short answer is no. Real estate agents are highly unlikely to go the way of the Caspian tiger or Guam flying fox anytime soon. Still, it seems likely that the demand for real estate agents will decline over the next decade. Will real estate agents …