When you buy a home through a short sale, you need to negotiate with the seller, their lender, your lender and any other lienholders on the property. This can complicate the short sale process and add to the time it takes to complete the sale. Sold as-is In most cases, a short ...
A tax lien is a claim imposed by law upon property or other assets to ensure the payment of taxes. Here's what you should know.
Any additional loan against the property is called a subordinate mortgage or a subordinate lien. As the name implies, this second mortgage is junior to the first one in terms of reimbursing creditors or lenders — they’re second-in-line to get paid if you get foreclosed on or become ...
In some areas, real estate transfer tax is considered a fee for processing thetransfer paperwork, even though “you don’t need to pay $1,000 or $2,000 to put a stamp on the property,” Fallico says. “It’s what you do for closing. It’s what you pay, just like you pay inter...
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 inforeclosure. ...
A life estate is an excellent tool for securing your assets to pass on to your beneficiaries and bypass lengthy probate but it isn't the only option available. You can also create a:23 Transfer-on-death-deed: This deed passes real estate on to your heirs after your death. You can chang...
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1. Set up an Installment Plan If you can't pay in full immediately but feel you could catch up on your back taxes pretty easily, the best option is to call the IRS and work out a payment plan. Depending on how much you owe, an installment plan agreement can last up to a...
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Lien Waiver & Release, is not conditioned upon receipt of payment and is used to waive Lien or Payment Bond Claim rights after payment has been received. As such, an Unconditional waiver should not be signed unless payment has been received. Section 53.283 prohibits a party from requesting a ...