Home Property

proper Standard prosegers in collecting of Evidence of stolen property?

I had police come in my home and say I had stolden property in my home but in collecting it they allowed two none officers in my home when searching my home then allowed then to remove ideas and take with them home they got in to my home because I was on mesdemener propation and My po came but after getting the police in he then left there for it was a po search don’t they have to be preasent for serach ?

You obviously have a criminal history and you need to change your ways. Stop Stealing stuff, get a real job and be productive in society. Nobody cares who removed the stuff that was in your house.

Posted in home property search | 5 Comments »

When can I apply for a new home loan after completing a short sale on my property?

Because of significantly reduced income as a result of unemployment, we’re closing on our house as a short sale on Dec 15 after 4 months of missed payments. Fortunately, we have a loving family that we will be living with until we stabilize. My credit score is now 709, 703, and 660. Should I expect it to drop much further? What is the wait time on approval for a conventional home loan after a short sale?

Your credit scores are already lower then that with the missed payments.

They shoudl drop another 200 points.

Posted in home property sales | 4 Comments »

Is it legal in California for the bank to enter your home and take your property after trustee sale but withou?

On Monday there was a trustee sale – I was in the process of moving but without notice, on Friday someone came, changed the locks and took the remainder of my property. The company (Safeguard Properties) said they had an order from Citibank to clear and secure the property. They took my property to the dump. I had not abandoned the property. What is my recource.

The trustee sale was your notice.

But, Citibank may have still acted improperly. Talk to a lawyer. There are a lot of lawyers suing banks these days.

Posted in home property sales | 2 Comments »

Does a vacation home qualify you as a first time homeowner?

I purchased my first home in 2009 and I would like to purchase an investment property. I was told that if you purchase a "vacation home" within 50 miles from your home, you are still considered a first time home buyer. I desperately want to purchase an investment property while the market is low, but I don’t have 20% to put down.

ask the seller to lend you the 20%, since he is getting 100% of the
asking price anyway!

Posted in vacation home property | 1 Comment »

Tax rules on turning your rental property into your main home.?

Hi,
I am trying to find the answer to this question every where and am having no luck.
We sold our main home in July 2009 and moved into our previous rental home which was vacant in June 2009. My question is how do I determine what portion of mortgage interest and property taxes to claim as my main home and what portion to claim as my rental propery?

you rented the house 6 months? that would be half

Posted in home property rentals | 3 Comments »

Occupy protestors move into foreclosed property to liberate the homes and give it to the homeless?

Bless their little hearts and souls. Is this not an excellent strategy. Waste is a terrible thing when homeless people are in need of housing. Do you agree with their new strategy?

SEATTLE (AP) — The Occupy Wall Street protests are moving into the neighborhood. Finding it increasingly difficult to camp in public spaces, Occupy protesters across the country are reclaiming foreclosed homes and boarded-up properties, signaling a tactical shift for the movement against wealth inequality.

Just because someone doesn’t have what everyone else has doesn’t mean they deserve it.

Posted in homes property | 5 Comments »

How much would i have to pay in taxes if I sold a vacation home in New York.?

I am 60 years old btw. Would i have to roll over to another property?

You could potentially consider a 1031 exchange to avoid taxation, but there is no standard "vacation home tax." It would depend on all of the rest of your income, the cost of the home, improvements, depreciation amount, etc…. You’d have to "do" your taxes to figure out how much you’d pay in taxes. But, your account, who does them regularly should be able to at least ballpark it for you.

Posted in vacation home property | 4 Comments »

How can I set up utilities in a vacation home?

we have a property in the mountains, we visit maybe every 2 or 3 months. In the Winter it would be nice to be able to turn the heat on from our home, which is about 3 hours away, so it’s warm when we get there.

There isn’t an internet connection there b/c we aren’t there very much, but I realize we need an internet connection. I just would like to avoid having to pay a monthly fee for something we would use every 2 or 3 months. Is there any other way?

Thx

Try FreezeAlarm – you buy the system for $350 and need two thermostats. You set one thermostat at the lower temp, the other at the higher temp. These get wired to the FreezeAlarm box which hooks to the phone line. You dial up, give it your password and tell it to switch between thermostats (allows you to switch to lower if you forget to before you leave). Here’s a link:

http://www.protectedhome.com/remote-temperature-control-c-24-l-en.html

Posted in vacation home property | 2 Comments »

I am finshed a chpt.13 bankrutcy.Is it a good time to sell my ounce family home/now rental property?

Property is in good condition and not underwater.

WHY sell it now?
If it is in good condition and not underwater, keep it for the income stream and use it to repay your creditors and to re-establish your credit. You are unlikely to be able to buy anything else right away. . . .so what would you do with the sale proceeds? Not the best time to sell something.

Posted in home property rentals | 1 Comment »

How to mortgage a vacation home?

I have recently inherited some money, and our dream was always to purchase a vacation home. My question is… do I pay off my primary mortgage, car, and every other debt first… and then use the balance of the cash as a down payment on the vacation home and get a mortgage on the 2nd home? I would go into that house absolutely debt free.. and the property taxes are half of what we pay now. Are there any tax implications or advantages one way or another?

Keep the mortgage on you primary residence and use as much money as possible ( if you can afford it) on the vacation home. Interest rates on a secondary residence are much higher on a mortgage than in the primary residence.

Posted in vacation home property | 1 Comment »