Answers to Frequently Asked FSBO Real Estate Questions
If payments are missed on a loan that is secured by a mortgage, the lender secured for the mortgage can file a foreclosure action. But the language of the title and the mortgage documents are critical to how the lender [...]
While some states have buyer remorse laws, but there are no ‘seller’s remorse’ statutes. […]
A potential buyer or a new owner of a property — be it short sale or standard purchase — must honor an existing lease agreement unless that lease agreement specifically contains a provision for the termination of the lease in [...]
This is a complicated legal question, and one that is est answered by an examination of a state’s specific laws. […]
A wife could purchase a husband’s solely-owned using only her funds (i.e. not using any joint funds or co-mingled marital funds). If she became the sole owner of the home, then that home would not be included as an asset [...]
While most of the For Sale by Owner (FSBO) Home Sale legal forms are geared towards developed property (e.g. property with a house or building), the documents can certainly be used to sell vacant land. […]
A co-owner to a real property can transfer his or her interest in that property to a third party using a Quitclaim Deed. But be advised that such a step does not remove the original owner from all responsibility. [...]
Generally, the phrase ‘deed in lieu of foreclosure’ explains the process more so than any actual deed itself. […]
While this matter can vary by state, generally ownership in a mobile home is evidenced by a title (much like a vehicle). […]
A lending institution is more likely to loan money when it feels that there is adequate security for its loan. While a lender may make a loan to one person who is to be the co-owner of a home (disregarding [...]