The language must be extremely clear when a JTWROS account is created. For instance, "Mr. X and Mrs. Y are to be designated joint tenants with rights of survivorship, and not as tenants in common." This is necessary because a joint tenancy is automatically assumed to mean tenants in comm...
But just because appraisal waivers aren’t common doesn’t mean that you can’t get one. Depending on your financial situation and the lender’s requirements, you might be able to qualify for a waiver in one of the following scenarios: There’s Plenty Of Local Sales Data The odds of ...
What does it mean when a home is a HUD home? A HUD home is a home that was purchased with an FHA loan, then the homeowner defaulted on the loan, and the FHA foreclosed on the property. The homes are up for sale at auctions and other venues, and buyers interested in primary residenc...