Archive for November, 2009

What should i do before a Home appraisal?

Saturday, November 28th, 2009

Im in the middle of an appraisal and I need to rise the price of my home about 10,000 dollars in order for them to drop the PMI and the extra fees that come along with not owning 20% of the property. I already finished off a 12 by 12 ...

how to know if property prices are overvalued or fairly valued or undervalued ?

Saturday, November 28th, 2009

i want to know how do we evaluate home prices and know wether they are fairly valued or undervalued or overvalued ?? is there tools to determine so or not ?? if yes please tell me thank you There are several methods that appraisers use. The most common is comparable ...

Can the police issue a search warrant for my home? or search it again?

Saturday, November 28th, 2009

My boyfriend has a warrant out for his arrest the police kicked in his moms door but couldn't find him she or someone else told them he was at my home. So they came to my house with the property manager claiming he and the police can search my house ...

What is the law regarding sale of personal property (trailers) in mobile home parks?

Saturday, November 28th, 2009

We want to sale our trailer in a mobile home park where the water has tested high in uranium. Our property has lost value because of the situation and we are wondering what to do. It would seem unethical to not inform prospective buyers of the water issue, but are ...

Conversion of a secondary home to a rental property.?

Saturday, November 28th, 2009

I bought a home 8/02 (400K) and lived in there until 8/04. It remained a second home (my parents lived there for free). I know my 5 yrs will be up in 8/07 to get my tax free gain (worth about 700K) , but in case I cannot ...

How does property taxes work for Canadians buying in Florida? What if its rented out as a vacation home?

Saturday, November 28th, 2009

Property tax is charged against the property. It does not matter much who owns it or where they live. A bill will be sent to you each year for however much the taxes are that year. The tax bill will become a lien against the house if ...

Should I refinance and consolidate loan for rental property and MIL home?

Saturday, November 28th, 2009

We have a small rental property (6% interest) and we signed for our MIL a home (8%, but she pays us for the monthly payment). We know that if anything happens to her, we would be responsible for the balance, or we could turn it into another rental. ...

In CA, is there a legal way to trade homes or property with equal values?

Saturday, November 28th, 2009

I don't mean a 1031 exchange. Say, my home is valued at 1 million, but I bought it at 500,000. Can I trade that home for another million dollar property and maintain my current mortgage since the value of the new property is the same? Lenders generally will not ...

Now that home values are down due to recession… Does that mean your property taxes should be lowered ?

Saturday, November 28th, 2009

State counties are quick to raise property taxes when home values appreciate in price. How about when property value depreciates? most cities will not lower them unless you go to your city assesor office.the best way to fight it which i did was pay for an appraisal which cost around 300-350 ...

Why are homes and property taxes in Washington Township, NJ so inexpensive??

Saturday, November 28th, 2009

Is it a flood area or a really bad area? I am browsing through neighborhoods around the garden state parkway and noticed that homes are significantly cheap. . . and they are not ugly homes either. Can someone tell me where are nice areas around there? Any info would greatly ...