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From what I understand they have to move immediately .
A reverse home mortgage is a loan for home owners or buyers, letting them access some of their homes equity. They can receive the mortgage principal in payments over their lifetime, as a lump sum, as a revolving line of credit, or a combination of the mentioned ways.
One Advantage of a Home Equity Loan Is That You Get the Money in One Lump Sump and Pay of a Set Monthly Amount Over a Period of Time. This Allows You to Accurately Budget for the Payment Each Month.
Imagine coming home from a night on the town to flashing fire truck lights or arriving at yourapartment after a long trip to a flooded living room. Hopefully, you have paid for renters insurance as it will help you in the following ways:Fire and Smoke DamageLandlords typically cover the structure of the building, but personal belongings that have smoke damage are not covered by them. Renters insurance comes in handy at this point as the policy will cover everything lost by flames up to the coverage amount chosen.Personal LiabilityIf a friend came over and accidentally tripped over a toy on the floor and broke their ankle, renters insurance covers these types of liability claims. Whether individuals are inside or outside of the home, insurance will cover damage for situations in which you are liable as well as injuries of other friends and family members.Stolen ItemsIf items have been taken from the apartment, the insurance will offer the financial protection needed to replace them. Often times all people need to acquire is a police report proving the items are missing, and they will be compensated.FloodingIf you come home to a basement or living room full of water, renters insurance can cover any of the damage of personal items. The landlord will typically care for the rest of the damages since they have to do with the structure of the building; however, it is nice to know that personal property is covered with the insurance as well.Personal PropertyIf furniture or electronics would get ruined by any type of damage: fire, water, weather and so on, renters insurance covers it. People's possessions are important to them and when they do not have them due to these causes, they feel empty.If renters insurance has not been purchased, individuals should consider doing so in a timely manner. People never know when some catastrophic event could occur, and it is better to have the option to start over than have to depend on someone else's help later.
coreyscott
Renters Insurance doe snot cover "Real Property". If you have purchased a home then you need a Homeowners Insurance Policy.
From what I understand they have to move immediately .
The are many advantages of home rental over buying a home. For example, one does not have to pay a property tax and one can live in home even if they cannot afford to buy a home.
The home field advantage
For a seller, your home is visible on line and in MLS. Over 80% of home searches now begin online so that is important. Drive by traffic, open houses and print ads are rapidly becoming a thing of the past. Also, when your home is listed with an agent, you will have "qualified" buyers coming to preview your home in a very safety secured environment.
Most likely yes, buyers prefer hardwood over carpet.
Fire has many advantages. It can be used to heat a home or cook food over. It can also be used for a source of protection and signaling for rescue.
If you sell it your self one of the obvious advantages would be that you get 100% of the profit and earnings from selling your home, another would be you have complete control over the sale.
No, renters do not pay property taxes. Property taxes are paid by the owners of the property. They may pass that cost down to you through rent, but it will likely be spread out over months.
There is a car buyer's remorse law in Pennsylvania. The law only covers car sales that were made over the telephone or sales that were made in the home.
Some advantages immigrants had in the US were the availability of work. freedom, and the ability to start over. Most find a much better life than the one they left in their home country.
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