Sellers use many types of deeds to convey ownership of real property, and each one provides different assurances and warranties to the buyer. For example, a general warranty deed states, among other things, that there are no undisclosed liens on the property and that the seller is the legal owner
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11/28/2012
Unless the buyers are planning to pay cash for a home, the first thing that they need to do is to get their financial house in order. Residential mortgage loans are heavily dependent on the applicant’s credit score; too low a score and they’re not getting a loan. If you’re in the market for one o
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11/23/2012
Owning investment property is a great way to build wealth through rental income, appreciation and tax deductions. You might accomplish this goal without ever signing a lease, although that is not the recommended approach. Most states allow verbal agreements for leases not exceeding one year, but
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11/20/2012
Many homes built before 1978 contain lead-based paint, which is toxic and particularly harmful to young children. It is likely that over the years, homeowners have painted the walls multiple times. This is normal and not an issue. The danger is that peeling or chipped walls and windowsills may ex
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11/14/2012
The recent rise in unemployment and falling housing prices created a lethal combination for many homeowners. Many of them forfeited their homes because they could no longer afford the mortgage payments when they lost their jobs. Others walked away from their property because it was worth thousand
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11/07/2012