Tag Archives: Home

Can a creditor force you to sell your home by putting a property judgment or lien against your home?

If you owe approximately $10,000 to a creditor and cannot pay it and are on disability as your only income, can that creditor force you to sell your home by placing a property judgment lien on it?
Is a property judgment the same thing as a lien against your home?

What is the catch to buying a foreclosed home? Are the foreclosure lists legit?

I am interested in buying a home. I have heard that foreclosed homes are sometimes sold below their market value. I have seen lists of foreclosed homes available on the internet. There is usually a fee just to see the list. I have also heard that a buyer is expected to pay all past due taxes on the property up front. What’s the real deal, and is it worth the hassle?

I want to sell my home and property now so my children will not have to deal with this?

I am 65 and want to sell my home and property now so my children will not have to deal with this later. I also want to give my children the money now as opposed as to when I am gone or if I ever have to go into a nursing home. I am on Medicare. How would this effect me now or later if I was in a nursing home? And would my children be taxed on this money?

I have a home which I would like to transfer to my niece as gift, what are the tax consequences or better way?

The single family house is primary residence bought at $260K with $50K down. Current market price is approximately $390K or more. Is it better to transfer now as a gift or place it in my will as inheritance with deed/trust for my niece to avoid taxes on me. I know I am entitled up to $250K income for sale of primary residence, but my niece just came from a foreign country and working as a nurse for two years. She recently got married and now has a family of her own. She has no enough savings to purchase the house at market value and I would like to sell or transfer the house to her at cost or loan balance of $190K. What are the repercussions on me regarding the equity gift? Can I sell it at cost of $260K to her, below the market value with no penalty? Please advise. Thank you.

Where are property investors that rent back to the home owner?

I am a desperate mother of three children looking to save own only home. Bank says the home is worth way more than it actually is and now I actually owe more than what is owed on the house. We have no where else to go but could still live here if we find an investor to buy the home and rent it back to us. Terribly terribly despirate to find investor.

How much value will the additon of a central air unit, add to my home.?

My home is valued at about 235,000 in a market where the other homes are averaging about 300,000. The appraiser said that the below market appraisal was attributed to the lack of a modern heating/central air unit in my home. I want to upgrade the home so that I can sell it in about a year. Will central air help the value to rise.

What benefits would a mortgage company have to delay the closing of a home sale?

We have been trying to purchase a home for the last 5 months. We are being told by the seller’s realtor that the seller’s mortgage company is not responding to their repeated attempts to finish the closing deal. The seller’s realtor is faxing the paperwork 2 times a day, calling and getting the run around, etc and getting nowhere with the company. Two weeks ago the mortgage company did respond and said they were missing a form from the realty company, which has now been completed and still no response. Are there possible reasons why this mortgage company is not responding? What do they have to gain by not following through with the sale?
In response to the posting that said I was being misleading. Yes, this house buying process has had many roadbumps–too many to include in this 1 post w/the amount of space I am allowed. Many of the issues I had previously posted had been resolved (or so I was informed); The Lis Pendens (we were informed by the seller’s realtor that it had been negotiated off); the sellers did owe $ over what they accepted on our house offer (we were told that they negotiated w/ their mortgage), possible foreclosure in progress (we were assured by the realty company that they had not received any notice that a foreclosure was in sight). That being said, these last few weeks what we have been told was that it was the lack of communication back from the mortgage co. that was creating the roadblock, not any previous issues. When I posted this question, I was merely trying to ascertain if there was a reason a mortgage co. would delay the closing (possible shady company?); Thanks to those who answered.