Ramsey Yount's (ramsey) Blog

What Is "Seller Rent-Back"? In home purchase transactions, there are many times when the buyer and the seller are simply unable to agree upon a specified closing date. The Real Estate Agent involved can negotiate a 'rent back' period that is agreeable to both parties. This means the transaction ...

Company Unveils Mortgage Deferral Program Mortgage Payment Deferral Inc., Roseville, Calif., has announced the introduction of a patent-pending mortgage program that allows homeowners to defer from three to 36 months of their mortgage payments. The 12 Month Deferral program, or 12MoDef, works by...

What Constitutes Closing Costs? Closing costs are expenses that cover fees associated with the transfer of property ownership, fees paid to state and local governments, and the costs of obtaining a mortgage loan. Some of these fees are negotiable, and could be paid by either the buyer or the sel...

If I Sell My Home, Will I Have to Pay Capital Gains Tax? The IRS permits a maximum exclusion on capital gain of $250,000 for individuals and $500,000 for married couples filing a joint return who sell their home, but of course some conditions apply.For the five-year timeframe prior to the date o...