Are you facing foreclosure or has your insurance dropped you due to natural disasters or property damage? These articles will help you overcome obstacles including infestations, roof and foundation damage as well as selling your house.
If you’ve found your home has a cracked foundation, you’re likely wondering how bad it is and how much it will cost to fix it. The good news is that not every crack needs fixed, the bad news is that some foundation cracks are indicators of more serious issues that are too expensive to repair. […]
A zombie property is a property abandoned by its owner after receiving a notice of default from their lender. It is called a zombie property, because the homeowner mistakenly believes that they need to leave the property and stop maintaining it. These properties get the name zombie because many zombie properties are decayed, rotting on […]
While home inspections are not legally required in the home buying or selling process, many buyers will request them after making an offer on your home to verify that your house is in good condition. And if the buyer is taking a mortgage, almost every lender will require a home inspection for the same reason. […]
The person who gets the house is based on three factors: If one spouse wants to keep the house Who a judge deems fit to have the home if both spouses want to keep it (assuming neither person can come to an agreement) Both people want to sell Because a home is likely the most […]
If you inherited a house, taxes may come along with it. There may be even more hidden costs once you sell the house you inherit, but don’t worry, inheritance taxes on houses are easy to work with and this guide walks you through them without the legal jargon. The costs and taxes with inheriting a […]
An REO foreclosure, also known as a real estate owned foreclosure, is when a house is foreclosed on by the lender, and the lender takes ownership of the title. Sounds a lot like a regular foreclosure doesn’t it? The biggest difference with an REO foreclosure is that the lender, normally a bank, will keep the […]
A distressed property is a home where the homeowner has fallen behind on a few (usually three) mortgage payments to their lender, or there is an impending lawsuit coming to the property. When this happens, the lender may take steps to protect themselves from a financial loss by filing a “lis pendens” notice on the […]
Yes, you can sell a condemned house, but you should not expect to get top dollar unless the land is worth a lot of money. Since a condemned house cannot be lived in, the buyer will have to either invest a lot of money in making repairs to the home, or tear it down entirely. […]