Fisher, MarkErickson, JeffKopp, Ethan
A bill of sale is a piece of paper that transfers the ownership of the goods from one party to the other. It is used when the person who owned the goods transfers the property to the buyer instead of a real estate agency or another service. It is a legal document, similar to a ...
A short sale in real estate is an offer of a property at an asking price that is less than the amount due on the current owner's mortgage. A short sale is usually a sign of a financially distressed homeowner who needs to sell the property before the lender seizes it in foreclosure. Al...
Once recorded at the registry of deeds, a lis pendens can effectively stop a purchase or sale of real estate from closing, create a “cloud” on title, and otherwise prevent a party from taking adverse action involving the subject property. Additionally, title insurance companies routinely decline...
Louis in the top 10 Metropolitan Real Estate Markets in their August report. In the middle of almost constant negative, end-of-the-world reporting this comes as welcome news to homeowners and potential sellers and maybe even potential buyers. Zillow Home Value Index Explained Here’s how Zillow...
NO DOWN HOUSES FOR SALERENT TO OWN HOMES& GUARANTEED NO DOWN PURCHASE PROGRAMS NO MATTER WHAT YOU'VE BEEN TOLD... YOU CAN BUY A HOME, RIGHT NOW, TODAY! AND IT DOESN'T MATTER HOW BAD YOUR FINANCES OR CREDIT IS!AND YOU CAN DO IT WITH... ...
years. The owner decided to move back once the tenant left and lived there until 2005. The owner then sold the property. In this case, the owner can still qualify for the exemption because the property was used as aprimary residencefor at least two of the five years leading up to the ...
If you don’t have a mortgage on your propertyyou’ll make money at anything more than 35 weeks of rental. And if you don’t need to travel out to maintain it (but do have a mortgage) then it’s about the same although you’ll spend a lot more money on handyman charges. Here’...
The basis will be either the property's fair market value when the person died, or if anestate returnwas filed, it can be the FMV on another date the valuation occurred. In cases where the decedent died in 2010, the basis can be calculated one of these two ways according to IRSPublicat...
Also, because the tax on the sale of real estate is now considered ordinary income rather than capital gains (with a maximum cap of 28%), it is important to be able to document improvements to the property. For example, if you purchased your house for $100,000 and put on a major add...