buyers questions: Lease Option And Lease Purchase
- 01/04/11 03:41 PM
Lease Option And Lease Purchase Before anyone decides on using either of the below options they should consult with a real estate lawyer as laws may vary between states and I am not an attorney. While the following is for general informative purpose it is not to be considered legal advice. Lease option and lease purchase are two possible options for a home buyer. While there is also simply an option to buy I rarely come across it. When purchasing a home there are many options; FHA, VA, cash, conventional, seller financing, land contracts and others. Not all are right or possible … (11 comments)
buyers questions: What Is A Deed Or Title To Property
- 01/02/11 02:26 PM
What Is A Deed Or Title To Property What is a deed or title to property is not always clear to the buyer, but there is a difference between the two when concerning real estate. In it's simplest terms a deed conveys ownership of property from one entity to another and establishes the right to claim ownership by the new owner. Title to property can be viewed two ways. First as a right to ownership along with the owners bundle of rights such as possession, enjoyment and control or use of the property within legal boundaries. Secondly, title is just a … (9 comments)
buyers questions: What Are Redemption Rights
- 01/01/11 11:52 AM
What Are Redemption Rights What are redemption rights, is a question I've had to answer more often than not these days especially because of all the foreclosure properties on the market. Redemption rights are of particular interest to anyone considering the purchase of a foreclosed home either as primary residence or investment property. There are two generally established types of redemption rights and are not available in each state. Equitable right of redemption refers to the foreclosed individuals right to redeem his property before the foreclosure sale. In order to redeem the property the owner usually has to make up any payments in arrears plus any associated … (7 comments)
buyers questions: Selling A House AS-IS
- 12/30/10 08:06 AM
Selling A House AS-IS The question below is typical of most sellers...what can I do to help sell my house for the least amount of money? We'd love to sell the property as-is, as soon as possible, that would be much easier. Because we weren't successful selling the property as-is we were considering upgrades but want to spend as little as possible to make the best impact. Please advise. Thanks. This question was sent to me by an out of state client that was unsuccessful selling their home here because of the homes condition for over a year. My answer was predictable … (4 comments)
UPDATED 3/10/2015: When this post was originally written, earnest money was held by the listing brokerage, since then the rules regarding the handling of Earnest Money were amended: Earnest Money may now be deposited into a non interest bearing escrow account of the buyer agents brokerage as well.
The following is an excerpt from an email that I received from a client. It is clear that the client didn't understand the handling of earnest money or in my clients words; "good faith" money. "...I do have a question, once again in … (8 comments)
Lease Option And Lease Purchase 
;)
;)
;)
