How long do bankruptcies and foreclosure stay on a credit report?
They can remain on your credit record for seven to 10 years. However, a borrower who has worked hard to ...
Month: November 2007
Can a home be sold for less than its mortgage?
Sometimes. But it is a complicated process and a lot will depend on the lender. This process is called a ...
If faced with foreclosure, what are my options?
Talk with your lender immediately. The lender may be able to arrange a repayment plan or the temporary reduction or ...
What about repairs made to get the home ready for sale?
If you realize a taxable gain after you sell your home, even with an exclusion, you can reduce your gain ...
What does a buyer’s agent do?
A buyer's agent represents the buyer exclusively. This means he works to protect your interests in the transaction and helps ...
What can I expect from a good real estate agent?
Competence, efficiency, and ethics. According to the All America's Real Estate Book by Carolyn Janik and Ruth Rejnis, good agents ...
How do you decide whether to add on to an existing home or purchase a new one?
There are a few things to consider, including cost, individual needs, and what will add value down the road. Also ...
What is the first step to buying a home?
Make sure you are ready---psychologically and financially. Ask yourself the following questions: Do I have steady income? Is my debt ...
Are home selling costs deductible?
If you sell your home and realize a taxable gain even after the exclusion, you can reduce your gain with ...
Can I deduct a loss on the sale of my home?
No. A loss from the sale of personal-use property, such as a home or car, is not deductible. They are ...
How to Calm Jittery Sellers When Similar Homes Close by Are Also for Sale
While you as the seller’s agent or broker understand all the intricacies and strategies of working a listing, your clients very likely are first-timers, vulnerable to emotions and worrisome opinions precisely because they don’t have prior experience. Read more.
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