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Relocation and retirement are two situations where selling your house fast becomes the decisive solution to all your problems. When you get a new job in a new city it’s quite impossible for you to look after a house in which you have lived for a long time. Considering the time and money that goes into maintenance is an inevitable issue. Read More >>
A distressed property is when a home is in a poor condition and requires improvements. It is a property that is on the edge of foreclosure or is promoted available to be purchased by the lending institute. Distressed properties are bought for less value as the asset is sold due to emergencies, the price can be much lower than the market value. Read More >>
There’s always a time when a homeowner goes through the ‘tenant issue’. While most homeowners opt for expelling the tenants from the property, there are also many ways to tackle this unfortunate situation. As expelling them is an alternative, it must only be considered when everything else fails. Read More >>
In simple terms, foreclosure is where the bank or the lender recovers the owed amount by selling the mortgaged property and taking ownership simultaneously. The process of foreclosure varies from state to state. The foreclosure process usually commences when the borrower misses a monthly payment. Read More >>
A short sale typically occurs when a homeowner finds him/herself in financial hardship. A short sale in layman language means where a homeowner sells his/her property for less than the price of the mortgage. The buyer usually is the third party and not the lender/bank, the yields of the sale collectively go to the lender. Read More >>
In an estate sale, a deceased person usually leaves a will. The will states who the executor and the beneficiaries are of the estate. As the executor, it is your responsibility to make decisions (ex. selling the real estate). The executor is the one who can sign the paperwork. The beneficiaries get the money from the sale of the assets, depending on the percentages left in the will; that’s how the family knows how much each beneficiary is supposed to get. Read More >>
A trustee is a person/firm that holds and manages property or assets for a third party. A trustee can be appointed for many purposes, in cases of bankruptcy, for a trust fund, charity, or for certain types of retirement plans or pensions. A trustee’s role is to make decisions in the beneficiary’s best interests and often have a fiduciary responsibility. Read More >>
What to do after a fire or flood damages your house? We comprehend it’s a panicky situation and the first thought that comes to your mind may be home rehabilitation. Although, a home rehabilitation may cost you thousands of dollars and you may have to live away from the home that makes you drown more money as rent. Read More >>