Finance & Legal Info

Newest Questions

• Can you purchase land with a credit card?

  We found a plot of land that we like. We can cover most of the cost, but have about $20K that we need to finance. Instead of going through the bank and a mortgage, we're thinking of simply putting it on a credit card that we'll try to aggressively pay off. There's options for low interest cards for the first year, and that may benefit us. Is this even possible though?

  • Asked by Gary
  • Somerville, TN
  • 16 views
  • Finance & Legal Info
  • 3 days ago
  0 Answer

• Is a loan from a seller a bad idea?

  Is a loan from a seller a bad idea? The seller is offering a loan as part of the deal. The interest rate is below what I could get from a bank, but I'm worried about a shady deal.

  • Asked by Meri
  • San Diego, CA
  • 22 views
  • Finance & Legal Info
  • 1 week ago
  0 Answer

• Can an agent enforce payment of non mandatory POA dues?

  My community has a POA. Our covenants have no mandatory dues written or listed anywhere in them. Our POA board interchanges the use of HOA/POA terminology to illicit mandatory dues from property owners selling their homes and land. The POA a few years back hired a property management company who were also real estate agents to manage the financial side of the association. In doing so they were given a set of bylaws stating the association had mandatory dues. These bylaws did not align themselves to our covenants. Anyone not paying those annual dues were told they would have to pay when selling their property at closing. The management company shared this information with all the other realtor groups in the county. Also, informing title companies there was a transfer fee to be paid by seller at time of closing. If the seller refused to pay any " outstanding" fees the sale of property could /would be jeopardized and risked the sale not going through. This situation is illegal, the covenants do not subscribe to mandatory fees of any description in the entirety of the document, and therfore real estate companies have no right to enforce this and should stop demanding this from sellers. How can we stop real-estate agents giving potential buyers false information about mandatory dues and transfer fees, and forcing sellers to pay for fees that are not mandatory?

  • Asked by Fiona Vaughan
  • Sevierville, TN
  • 29 views
  • Finance & Legal Info
  • 3 weeks ago
  1 Answer

• Is an ARM loan risky?

  Is an ARM loan risky? I'm considering taking out an ARM loan at a lower interest rate with the hope of refinancing before the rate increases. Is this a good idea to save money on interest now while the rates are high? Or is it too risky?

  • Asked by Brad
  • Bozeman, MT
  • 35 views
  • Finance & Legal Info
  • 3 weeks ago
  1 Answer

• Reduce capital gains tax on 2nd home, convert into primary?

  Referring to article written by Kelsey Heath, she says: a second home can be converted into primary residence and therefore, would qualify for a primary residence capital gains tax exclusion. To qualify for the exclusion, you must meet both the ownership and use tests. This means you must have owned the home and lived in it as your primary residence for at least two of the five years preceding the sale, but the two years do not need to be consecutive." I currently am in the process of selling my Huntington Beach Ca home. We have owned the home for 5 years now. I am a resident of Utah. In the past 5 years, we have spend between 45-50% of our time at this home here in Huntington Beach, which would mean in the past 5 years we have lived here more than 2 years. Would this not qualify for the reduction of capital gains tax along with the real estate withholding exemption?

  • Asked by Devon Obrien
  • Huntington Beach, FL
  • 54 views
  • Finance & Legal Info
  • 1 month ago
  0 Answer

• How do I know when to refinance?

  I bought a house about a year ago. My interest on the loan is pretty high. How do I know when it's the right time to refinance? I want a lower rate. I'm worried if I jump on the first rate drop that I'll miss out on something better later.

  • Asked by Drew
  • El Paso, TX
  • 109 views
  • Finance & Legal Info
  • 3 months ago
  4 Answers

• What do I do to get a quick sale of my parents home ?

  There is no will . Just myself and sister. I been paying the mortgage for 4 years now. I just want the deed in our name. Chase mortgage will transfer the mortgage over to our names if we can transfer the deed over.

  • Asked by Anthony
  • i don't know, FL
  • 152 views
  • Finance & Legal Info
  • 3 months ago
  2 Answers

• Executed Contract + addendum not signed

  Already closed but sellers didn’t sign contract. Only has a date on the signature line. Addendum and amendments that were part of the contract wasn’t given to the lender or signed by the sellers. We signed them but I don’t know what happened after I sent them to the Realtor. No one caught this error and now I have to sue the sellers for fraud and non disclosure. Agent said it was an executed contract, nothing to worry about? Is she correct?

  • Asked by Alison Honea
  • ANDERSON, FL
  • 95 views
  • Finance & Legal Info
  • 4 months ago
  1 Answer

• Real estate contract addendums ?

  I am a beneficiary of a 2016 addendum for a commercial building adjacent to a income property the addendum was to separate mine from the sale. The owner and buyer both named I was an intentional beneficiary it covers necessary work and upgrades to the apartment and detailed use of property i now have none although I pay for out -of - pocket while the other tenants have social services and other perks. My landlord has done nothing to rectify the discrepancy nor has she offer or intend to fulfill the obligation she made to me and accepted bythe buyer

  • Asked by Amme
  • West York, PA
  • 105 views
  • Finance & Legal Info
  • 5 months ago
  1 Answer

• Can our agent demand their commission B4 closing?

  Our listing company is insisting that we bring a cashier's check to them before closing because the lender the buyers are using doesn't work with them. Our listing agreement states that they will receive their money AT closing. They want $3000 prior to closing the deal.

  • Asked by Elizabeth Hanning
  • Ocala, FL
  • 124 views
  • Finance & Legal Info
  • 6 months ago
  3 Answers

• Why is a 15-year fixed rate mortgage better than a 30 year?

  Why is a 15-year fixed rate mortgage better than a 30 year mortgage? Are there other factors that I should think about?

  • Asked by Kayla
  • Portland, OR
  • 294 views
  • Finance & Legal Info
  • 7 months ago
  6 Answers

• What are mortgage points?

  What are mortgage points? And how do they work? What are the benefits or drawbacks of mortgage points? Is there a reason why a lender would offer that option and another lender wouldn't?

  • Asked by Will
  • Concord, NH
  • 142 views
  • Finance & Legal Info
  • 8 months ago
  2 Answers

• What are the different types of mortgages?

  What are the different types of mortgages? I know there's different lengths of time. And it seems like then the interest rates changes with the different lengths?

  • Asked by Alicia
  • Boise, ID
  • 162 views
  • Finance & Legal Info
  • 8 months ago
  2 Answers

• How do I decide what mortgage is right for me?

  How do I decide what mortgage is right for me? With the rates being so high I'm trying to figure out the best way to go forward. It feels like there are a lot of options and I don't know what's best for me.

  • Asked by Alex
  • Houston, TX
  • 266 views
  • Finance & Legal Info
  • 8 months ago
  5 Answers

• What credit score is needed to buy a house?

  What credit score do I need to buy a house? I have decent credit, and I want to make sure I can get the loan I want.

  • Asked by James
  • Heath, OH
  • 218 views
  • Finance & Legal Info
  • 9 months ago
  4 Answers

• Minimum down payment for house first time buyer?

  What is the minimum down payment for house first-time buyer? How do you decide how much to put down on a house?

  • Asked by Miguel
  • Taos, NM
  • 193 views
  • Finance & Legal Info
  • 9 months ago
  1 Answer

• How to buy a house in California with bad credit?

  How to buy a house in California with bad credit? I'm trying to get better credit, but that will take a long time and I want to buy a house now.

  • Asked by Sara
  • Oakland, CA
  • 194 views
  • Finance & Legal Info
  • 9 months ago
  1 Answer

• What credit score is needed to buy a house in California?

  What credit score is needed to buy a house in California? Does the credit score need to be higher than in other states?

  • Asked by Juan
  • Bakersfield, CA
  • 260 views
  • Finance & Legal Info
  • 9 months ago
  1 Answer

• If my home is in my name does my boyfriend have any say?

  If the deed and mortgage are in my name only does my boyfriend have any right to ask me to see financing or any money that has been paid in?

  • Asked by Karin Wrighg
  • San Antonio, TX
  • 212 views
  • Finance & Legal Info
  • 10 months ago
  3 Answers

• What is the difference between closing costs and pre paids?

  What is the difference between closing costs and prepaids? And what about credits? How do all these affect what I pay for a house?

  • Asked by Edwin
  • Louisville, KY
  • 202 views
  • Finance & Legal Info
  • 11 months ago
  1 Answer

• What is better a 15 or 30 year mortgage?

  What is better a 15 year mortgage or a 30 year mortgage? Or if one is not better, what's the advantages or disadvantages of a 15 year mortgage or a 30 year mortgage?

  • Asked by Jesse
  • Phoenix, AZ
  • 319 views
  • Finance & Legal Info
  • 11 months ago
  1 Answer

• What are the tax implications for selling a house?

  What are the tax implications for selling a house? When selling a house do I pay state and federal taxes? If I buy another house can I avoid taxes?

  • Asked by Ken
  • St John, IN
  • 278 views
  • Finance & Legal Info
  • 11 months ago
  0 Answer

• What kind of loan do we need for redemption ?

  Our mortgage company sold our home to Sheriff without discussing anything even though we have proof of making all of our mortgage payments

  • Asked by Terry A. Cowger Jr.
  • Romulus, MI
  • 288 views
  • Finance & Legal Info
  • 1 year ago
  1 Answer

• What is owner financing for a house?

  What is owner financing for a house? Are there any hesitations or concerns with owner financing for a house? How do I know if this is an option?

  • Asked by Brody
  • Sierra Vista, AZ
  • 271 views
  • Finance & Legal Info
  • 1 year ago
  3 Answers

• How does buying land and building a house financing work?

  How does buying land and building a house financing work? Are there separate loans for buying land and then financing a house?

  • Asked by Grainger
  • Grand Rapids, MI
  • 339 views
  • Finance & Legal Info
  • 1 year ago
  1 Answer

• Can I sell a house with a home equity loan?

  I have a mortgage and a home equity loan, can I sell my house? If I can sell a house with a home equity loan, what if I owe money on it?

  • Asked by Carlos
  • Bakersfield, CA
  • 267 views
  • Finance & Legal Info
  • 1 year ago
  2 Answers

• Do I need home insurance on a vacant home?

  I'm planning to move out of my home and it will be vacant until it sells. Do I need home insurance on the vacant home?

  • Asked by Garrett
  • Breckenridge, CO
  • 249 views
  • Finance & Legal Info
  • 1 year ago
  3 Answers

• Is a loan for a condo different than a house loan?

  Is a mortgage for a condo different than a mortgage for a house?

  • Asked by Cooper
  • Chicago, IL
  • 323 views
  • Finance & Legal Info
  • 1 year ago
  3 Answers

• Capital gains tax- how long can I wait to buy a home?

  How long can I wait to buy a home and avoid capital gains tax?

  • Asked by Darrel
  • Raleigh, NC
  • 310 views
  • Finance & Legal Info
  • 1 year ago
  3 Answers

• How do I avoid paying capital gains tax?

  Can I avoid paying capital gains tax? If so, how? I'm planning to sell and buy within the next year or so, but not immediately.

  • Asked by Darrel
  • Raleigh, NC
  • 312 views
  • Finance & Legal Info
  • 1 year ago
  4 Answers

• Should I avoid an ARM loan?

  If I get an adjustable rate loan, my interest rate is lower. But my family tells me I shouldn't get an ARM loan. This is my first home purchase, so I'm figuring all this out.

  • Asked by Brian
  • Omaha, NE
  • 353 views
  • Finance & Legal Info
  • 1 year ago
  4 Answers

• Can Boyfriend legally get money off my sale of the house?

  Hi we moved to FL in Aug 2021. He gave me 20k to put down on the house. I put down the other 120k. He’s not on the title or the loan. Does he have the legal right to any proceeds from the sale?

  • Asked by Erika Spencer
  • Cape Coral, FL
  • 408 views
  • Finance & Legal Info
  • 1 year ago
  2 Answers

• How can I save money on a mortgage loan?

  Is there anything I can do to save money on a mortgage?

  • Asked by Misha
  • San Diego, CA
  • 251 views
  • Finance & Legal Info
  • 1 year ago
  6 Answers

• How big should I make my downpayment?

  How big should I make my downpayment? If i can squeeze and put more than 20% down should I? I'm also worried about having a cushion if something breaks on the house.

  • Asked by Jerry
  • Franklin, WI
  • 249 views
  • Finance & Legal Info
  • 1 year ago
  3 Answers

• Should I appeal my property taxes?

  We're already paying a hefty sum every year in property taxes. And every year they're going up. Should I appeal my property taxes to try to get them reduced? Or do I just need to accept the increase in property taxes?

  • Asked by Brian
  • Chicago, IL
  • 212 views
  • Finance & Legal Info
  • 1 year ago
  2 Answers

• Property value and taxes have gone way up?

  We received our tax assessment and our property value went way up. This also means our taxes went up significantly. Do we have any recourse to fight the increase in property taxes? We live in Illinois.

  • Asked by Michael
  • Frankfort, IL
  • 307 views
  • Finance & Legal Info
  • 1 year ago
  2 Answers

• Invest or pay off mortgage?

  I have a low-interest rate on my house thanks to the recent years of low-interest mortgage rates. Is it better to pay an extra $200/month to pay down my mortgage or should I take that money and invest it?

  • Asked by Garrett
  • Alexandria, VA
  • 405 views
  • Finance & Legal Info
  • 1 year ago
  6 Answers

• Do you pay taxes when you sell a house?

  Do you pay taxes when you sell a house?

  • Asked by Charlotte
  • Buffalo, NY
  • 324 views
  • Finance & Legal Info
  • 1 year ago
  3 Answers

• Can I use my 401K to buy a house... (if so should I?)?

  Can I use my 401K to buy a house? Should I use my 401K to buy a house? First time home buyer and I need additional cash for the downpayment. I have decades before retirement and I'm thinking of using my 401K for the downpayment.

  • Asked by Brent
  • St. Louis, MO
  • 245 views
  • Finance & Legal Info
  • 1 year ago
  2 Answers

• Who pays realtor fees with a for sale by owner house?

  Who pays real estate agent fees with a FSBO house?

  • Asked by Todd
  • Alexandria, VA
  • 379 views
  • Finance & Legal Info
  • 1 year ago
  4 Answers

• Who pays realtor fees and commissions?

  Who pays realtor fees and commissions?

  • Asked by Gabriel
  • Tampa, FL
  • 1059 views
  • Finance & Legal Info
  • 1 year ago
  3 Answers

• When selling and buying do I pay closing costs on both?

  Selling one house and buying a new one... do I pay closing costs on both homes? Do I pay different closing costs for each home? How are they different?

  • Asked by Evelyn
  • Marinette, WI
  • 451 views
  • Finance & Legal Info
  • 1 year ago
  4 Answers

• What's in the closing costs?

  I bought a place before and feel like I paid a bunch of money for closing costs, but didn't know what it was for. I'm hoping to sell and buy a different place this spring, but I want to understand what I need to pay and make sure I have enough money for it.

  • Asked by Henry
  • Bentonville, AR
  • 326 views
  • Finance & Legal Info
  • 1 year ago
  1 Answer

• How are commission rates split?

  So, the seller usually pays the commission for both agents, right? Who determines the commission rate for the buyer's agent? Can the seller's agent get 2.5% and the buyer's agent get 2%? Or is it always split evenly?

  • Asked by Tony
  • St. Louis, MO
  • 309 views
  • Finance & Legal Info
  • 1 year ago
  3 Answers

• What to pay attention when reading real estate agreement?

  What should I pay attention to when reading a real estate agreement or contract? There's so many pages and so many details, I don't know what to look for or what's important.

  • Asked by Charlotte
  • Augusta, ME
  • 394 views
  • Finance & Legal Info
  • 1 year ago
  3 Answers

• Do you need to report sale of real estate at a loss?

  Do you need to report sale of real estate at a loss?

  • Asked by Brianna
  • Monroe, LA
  • 366 views
  • Finance & Legal Info
  • 1 year ago
  3 Answers

• Are home improvements tax deductible when selling a home?

  Just wondering if I should do some home improvements before I sell. Would they be tax deductible or is there any kind of tax benefit?

  • Asked by Will
  • Waterbury, CT
  • 426 views
  • Finance & Legal Info
  • 1 year ago
  3 Answers

• How to avoid capital gains tax on real estate?

  Hi, How do I avoid paying capital gains tax on real estate? We're planning to move, rent for a bit to see what neighborhood is best for us, and then buy a home. It might take a year or so before we buy our next home. But we don't want to pay capital gains tax. Is there a way to avoid this?

  • Asked by Carol
  • Glenview, IL
  • 433 views
  • Finance & Legal Info
  • 1 year ago
  4 Answers

• Do I get my earnest money back?

  Help me understand earnest money. What is it? Why do I need to pay it? Does it go towards my home purchase? What if I back out, do I get that money back? Clearly I need some help in understanding how this works. Thanks.

  • Asked by Peter G
  • Phoenix, AZ
  • 376 views
  • Finance & Legal Info
  • 1 year ago
  6 Answers

• Is sale of real estate from a trust taxable?

  If we sell a property that is in a trust, do we have to pay taxes? And who is responsible for the taxes, the trust? Thanks

  • Asked by Tido V
  • Galveston, TX
  • 398 views
  • Finance & Legal Info
  • 1 year ago
  4 Answers

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