Partnership Agreement Can Resolve Real Estate Title Transfer Dispute
Q: I had a partnership with another guy for 30 years with a buy and sell agreement and with a right of first refusal. We owned a building with several stores. His wife received the rents and paid the...
View ArticleHow To Terminate a Listing Agreement
Q: I recently terminated a listing agreement with a real estate sales office. One week after terminating, they presented me with a contract from a buyer to buy my home. How long do I have to wait...
View ArticleDivorce May Not End Joint Tenancy Deed
Q: Here’s my question: Let’s say a husband and wife own a rental property with a joint tenancy and a right to survivorship deed. Later, they divorce without changing the deed, and 10 years later, one...
View Article1031 Exchanges For Real Estate Investment LLC
Q: Does doing a 1031 exchange inside an LLC come with any additional headaches? A: A 1031 exchange is term used to describe the sale and purchase of real estate that defers the payment of any federal...
View ArticleConsolidated Tax Bill Can Cause Mistakes On Sale Of Property
Q: I have been caught up in a real estate nightmare. I purchased a single family home earlier this year. Last month I discovered that I was conveyed two lots instead of one. I talked to people at the...
View ArticleRefinance Needed To Change Name On Mortgage During A Divorce
Q: When I was married, my wife and I signed a loan to buy a home. We got divorced, but she was awarded the house in the divorce agreement and stayed in the property for a few years after our …Continue...
View ArticleTerminating A Contract With A Bad Real Estate Agent
Q: My real estate agent failed to notify me of a valid bid for my property. He claimed to have opened the bid on a Sunday evening and failed to realize the bid expired on the next day at noon....
View ArticleNeighbor Law: Fence Matters Indicate Wrong Property Line
Q: We found out that the property line between my home and my neighbors’ home is different from what the builder said when he sold us our home. Our neighbor had a survey done to put up a fence. During...
View ArticleTerminating Purchase Contract For Home
Once signed, it may not be easy to terminate a contract for a home. Q: My friend and I are in the final stages of buying a house. The property is going to be in her name only but some …Continue reading
View ArticleBuyer’s Remorse in New Construction Home Purchase
New construction home buyer gets buyer’s remorse and wants to buy a different home. Q: I signed a contract two months ago for a newly-built house with a leading builder. The home will take about four...
View ArticleWhat Happens In A Short Sale
Q: I signed a contract for an alleged “short sale.” The price of the house is listed online at $280,000. After accepting the seller’s asking price, I put down a down payment of $10,000 to show my...
View ArticleContractor Files Lien To Get Payment For Work On Home In Foreclosure
Q: I’m a contractor who has completed repairs on a house that was damaged by fire. The insurance company for the owner of the home sent the insurance proceeds check to the owner’s mortgage company. The...
View ArticleReal Estate Contracts: Tips To Make Them Successful
View this Expert Real Estate Tips segment to learn tips on how to close a successful bid on a new home. Full disclosure, thorough documentation and professionalism are essential.
View ArticleHome Repair Damages Sale
Q: We are in the process of buying a home. We really did our homework before we started, but we’ve still hit a big bump in the road. We made an offer on a lovely house that is about 80 years old. It...
View ArticleHome Buyer Wants Seller To Pay For Waterproofing
Q: We sold our home in May. We disclosed the fact that we had had water in basement on the seller disclosure form. We always assumed the basement water issue was due to faulty gutters and an excessive...
View ArticleEarnest Money: Home Buyer Must Follow Home Contract
Q: My husband and I are building a house with a big new construction company. We put down $10,000 in earnest money when we signed the contract back in June. The contingency clause in the contract said...
View ArticleForeclosure After Contractor Botches Home Remodeling
Q: I hired a contractor to remodel two bathrooms, paint and plaster the entire interior of our 1200 square foot home. We agreed to buy all the fixtures, including the bathtub, toilets, plumbing...
View ArticleAggressive Real Estate Agent Pushes Home Purchase
Q: I feel my best friend has been pushed into buying a home by a real estate agent. He told her the amount he was willing to spend on a house and she kept showing him more expensive homes. Finally in...
View ArticleBreach Of Contract During Real Estate Deal
Q: I was under contract to purchase a new home, but while I was waiting for the home to be built, my financial situation changed (due to illness). Consequently, I told the builder I didn’t think I...
View ArticleAppraisal Value Prevents Mortgage Financing
Q: I recently applied for a mortgage but we were denied the mortgage for the amount we applied for. The lender told us the house didn’t “appraise out.” Am I obligated to renegotiate the contract if the...
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