This information comes via Doug Pittman & Elizabeth Pedersen of Chicago Title. Filing Bankruptcy while being a homeowner can be confusing. Responsibilities are relieved for a fresh start but judgements remain connected to the property. A relief of judgement is possible but even that can be refused by the judge if he/she feels there is enough equity in the property to pay the judgement debtor.
Ever wonder if easements stay with the land or if they are just granted to a particular person? It really depends on how it is set up.
When a new easement is created it must be signed not only by the owner of the property it will cross but also by any mortgage holder. If the current lender doesn’t consent to the easement and the property is later foreclosed, the easement would be considered to be terminated.
A license agreement gives only a personal privilege or permission to use the land of another. It does not run with property. A license is revocable by the property owner and often can be revoked on short notice.
Here’s a testimony from John & Daniele Donatelli…”Sandy’s proactive marketing and outstanding communication resulted in such a positive experience that we are forever advocates of Sandy and his service…especially in a climate where many people we have met had a “not so positive” experience with their chosen real estate agent. When our home first became available, Sandy’s proactive marketing resulted in multiple offers. Unfortunately the chosen offer ended up not working out. We regrouped with Sandy re-initiating his marketing program which AGAIN resulted in multiple offers! We couldn’t be happier with the service from Sandy.”
Louisiana Pacific Siding, or LP Siding for short, was a product that was used in the 1990 era by builders as an alternative to wood siding. Due to the moisture in the Pacific Northwest, it did not do well. There was a class action law suit (that has since expired) against the company. In the image is the classic signature knot for the product. (video)
If you take mortgage-interest tax deductions, the next 100 days could have significant financial implications for you, thanks to Congress’ federal debt-ceiling plan.
Though the compromise legislation involved no new taxes, it created an unusual mechanism — an evenly split, 12-member bipartisan super-committee — that could call for major cutbacks in real-estate write-offs by Thanksgiving.
All it will take is a single vote by a lone senator or House member who breaks with his or her party to put the mortgage-interest deduction into serious play.
Here is what’s about to unfold and how it could affect you:
The legislation signed by the president Aug. 2 calls for a two-step increase in the federal debt ceiling plus spending cuts of about $917 billion. It also created the Joint Select Committee on Deficit Reduction with the goal of slashing an additional $1.5 trillion from the deficit over the coming decade.
With the Dow Jones Industrial Average down more than 400 points today, and many market experts predicting more volatility ahead, some advisers are recommending their clients put some of their cash to another use: To buy that house or summer home at the shore.
Potential homebuyers certainly have plenty of incentives: Home prices are still way down in many parts of the country, and mortgage rates are nearing their all-time lows. Consider: The benchmark 30-year fixed-rate mortgage fell 1 basis point this week, to 4.45 percent — just a few basis points above the record low hit in October 2010, according to the Bankrate.com national survey of large lenders. Freddie Mac, meanwhile, reported today that the 30-year fixed-rate mortgage averaged 4.15% for the week ended Aug. 18, its lowest reported rate in 50 years.
Mountains can be so awe inspiring and humbling at the same time. So beautiful but can whip you into submission when you try to climb it. (Photo: Steve Avril)
Sometimes there is nothing that gets the heart pumping more than water bubbling with trout. (Photo: Steve Avril)