Choose Auction, Not Lottery, When Selling Your Home
What can you do if you're selling your home and your home has been on the market for several years to no avail? Should you think about selling your home with a lottery? While selling your home through a lottery may seem appealing, it is illegal in most states. If you're desperately selling your home, you may want to auction off your home instead. Learn why selling a home via an auction is preferable to selling a home using a lottery.￿Refinance Mortgage Loan - When Is The Right Time?
What should you consider when you're debating whether to refinance your mortgage loan? When you're thinking about refinancing your mortgage loan you need to run the numbers - think about how long you'll be in the home and how many years you want your mortgage to last - then find out whether refinancing will reduce your monthly mortgage payment. When refinancing your mortgage loan you also need to look at interest rates.￿Missing Will, Title Make Getting Loan Difficult
When you inherit a home you may decide to put your name on the home's title with the help of an attorney. What if the attorney you hire to help you with the title loses the documents that prove you own the home, including the will and the title? You may have to contact the local courts to ensure that you own the home if the will and deed are missing, especially if you want to get a home loan to repair the home.￿Reversing A Quit Claim Deed When Unmarried Couple Separates
When you want to ensure that your roommate has a place to live you may think about signing over part of your property ownership using a quit claim deed. Unless you want your roommate or partner to inherit the home as well, a quit claim deed may not be the right document to use for estate planning. Creating a life estate or a trust may be a better option than signing a quit claim deed when you want to ensure someone has a place to live.￿Home Inspection Problems May Lead To Seller Disclosure Lawsuit
When you're buying a home you should have at least one home inspection that includes a look at the septic system. What's found during that home inspection including the septic system depends on the caliber of home inspector you hire. If you discover problems with your septic system after the home inspection and after you've taken possession of the home, it may be a case of inadequate seller disclosure and you may be able to sue the seller for not telling you about the septic system problems.￿Homeowners Association Can Sue You For Dues
When you live in a community with a homeowners association you have to pay dues. If you don't pay your homeowners association dues, the HOA may start charging you fines in addition to the dues. If you fail to pay the dues and fines in a timely manner, the homeowners association can sue you in a lawsuit in court.￿Partnership Agreement Helps Unmarried Couple Buy Home
When you're buying property with a significant other but aren't married you should make sure that both of your interests are protected. A partnership agreement can spell out who has paid what toward the property and who is responsible for what in terms of home maintenance, taxes, etc. It's a big risk to have only yourself on a mortgage loan but both of you on the property title.￿