Can I afford a 30 yr mortgage vs 15 yr mortgage?
Depends on the terms of the two mortgages and your personal financial situation. You have to figure out themonthly paymenst on each and compare the terms. In the end, which one is better depends on what you need, what you can afford, and the specific t...
Risks of letting seller stay in house after closing.
The other answers were correct. If you do let someone stay after closing, you need to have contract provisions to manage your risk by obligating the other side to take care of your property, make repairs to their damages, and to pay rent for the period...
How long do I have to wait after closing before I can move in?
Yes, look at your purchase contract. There should be a section covering possession. Generally, possession is transferred at closing, although sometimes it is transfered after or even before the closing. This is generally something that is negotiated be...
When will house prices start to fall?
Yes, in many areas thay already are falling. You might try and find an investor that buys foreclosure homes and see if they have any for sale.
I would not advise you to go buy a home at a foreclosure sale unless you have some expertise as that is a ...
Can I fire my realty agent if I am not happy with them?
Maybe. You have to look at the terms of your listing agreement with your current realtor. Most listing agreements are exclusive listing agreements and they have provisions preventing or limiting the circumstances that you can switch realtors under.
...
How will I know if I get money back after foreclosure?
The best and easiest way is to attend the actual foreclosure sale and observe. If the final sale bid is more than what you owe plus costs and there are no junior lienors, you should get the difference.
If it is a court ordered sale, you can likely c...
How can I find money owed through foreclosure sale?
After a judicial foreclosure sale if the property was sold for more than what is owed, the court that sold the property would retain the additional proceeds due to the original owner. The procedure for claiming this money varies by state.
If it was...
Can I change realtors if I don't like my current one?
Maybe. You have to look at the terms of your listing agreement with your current realtor. Most listing agreements are exclusive listing agreements and they have provisions preventing or limiting the circumstances that you can switch realtors under.
...
What will I be taxed on the sale of property?
FlyBoeing:
If you did not use theproperty as a primary residence, you cannot get the benefits of protecting the gain of up to $250,000.
You would get taxed on thecapital gain. However, be careful here. The IRS taxes the gain you realized on the s...
bwbutcher's Advice
Depends on the terms of the two mortgages and your personal financial situation. You have to figure out themonthly paymenst on each and compare the terms. In the end, which one is better depends on what you need, what you can afford, and the specific t...
The other answers were correct. If you do let someone stay after closing, you need to have contract provisions to manage your risk by obligating the other side to take care of your property, make repairs to their damages, and to pay rent for the period...
Yes, look at your purchase contract. There should be a section covering possession. Generally, possession is transferred at closing, although sometimes it is transfered after or even before the closing. This is generally something that is negotiated be...
Yes, in many areas thay already are falling. You might try and find an investor that buys foreclosure homes and see if they have any for sale. I would not advise you to go buy a home at a foreclosure sale unless you have some expertise as that is a ...
Maybe. You have to look at the terms of your listing agreement with your current realtor. Most listing agreements are exclusive listing agreements and they have provisions preventing or limiting the circumstances that you can switch realtors under. ...
The best and easiest way is to attend the actual foreclosure sale and observe. If the final sale bid is more than what you owe plus costs and there are no junior lienors, you should get the difference. If it is a court ordered sale, you can likely c...
After a judicial foreclosure sale if the property was sold for more than what is owed, the court that sold the property would retain the additional proceeds due to the original owner. The procedure for claiming this money varies by state. If it was...
Maybe. You have to look at the terms of your listing agreement with your current realtor. Most listing agreements are exclusive listing agreements and they have provisions preventing or limiting the circumstances that you can switch realtors under. ...
FlyBoeing: If you did not use theproperty as a primary residence, you cannot get the benefits of protecting the gain of up to $250,000. You would get taxed on thecapital gain. However, be careful here. The IRS taxes the gain you realized on the s...
December 26.
This site explains it best: http://amasci.com/amateur/transis.html