0
Who is responsible for trees that fall the day of real estate closing?
Wiki User
∙ 14y ago
The first place to look for an answer is the purchase and sale agreement as this is the governing document. The next place would be state law with regard to the location of the property.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is a short sale in real estate?
A short sale is a sale in real estate, in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens' full amounts and where the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.
If you live in one state and own real estate in another state which state's exemption laws will your real estate fall under?
The state of where the person resides. The homestead exemption only applies to the person(s) primary residence. Therefore property held in another state would not be deemed as exempt from creditor attachment or forced sale for payment of debt(s).
Who regulates mortgage brokers in California?
The answer to that question depends on the specific type of business they operate. Quite often they may fall under the scrutiny of several groups. The CA Department of Real Estate is the primary organization, but they may also fall under the oversight of other state or federal organizations based on the business they conduct. Some other examples might be the Department of Financial Institutions, Federal Housing Administraion, Department of Corporations etc.
How much can commissions be in real estate?
Sellers have more options today for paring down real-estate commissions or handling the sale themselves. Here are three strategies that can help put more cash in your pocket.Gone are the days when selling your home meant a stark choice between paying a hefty 6% commission to your real estate agent or going it completely alone on the For Sale by Owner route. Today, you have a number of options that fall somewhere in between. They include: • Negotiating down your agent's cut;• Paying a la carte for the services you need.All of the options have this in common: They're designed to keep more money in your pocket.Commissions have fallen in recent years to an average 5.1% nationwide. And as the market cools, commissions will be under more pressure.
Who is responsible for maintaining a property in foreclosure?
For as long as the foreclosure process is going on, the original owners of the property will still have legal possession. This makes them responsible for maintaining the property, paying the real estate taxes, and keeping insurance paid up to date in case of damage or destruction. Since they still own the house, they must keep on top of all of the responsibilities of maintaining the property in good condition. Of course, it is especially important for homeowners to keep up on the maintenance if they are eventually successful in finding a solution to stop foreclosure. Letting a home fall into disrepair and then saving the home but having to clean up afterwards is not a good start to financial recovery. Even if it is just a second home or investment property, homes in foreclosure should be kept in as good of condition as possible. For homeowners who are unable to avoid losing the property, though, they will no longer be responsible for maintaining it when ownership is transferred through the foreclosure legal process. This typically happens once the sheriff sale has been conducted and the winning bid confirmed by the local court system. At this point, the foreclosure victims will no longer have title to the home, and it will be up to the new owner (usually the bank) to make sure the property is kept up.
Who takes away trees that fall on homes after a storm?
Generally, the homeowner is responsible for hiring a tree removal company to remove trees that fall on their property. Some damage is covered by homeowner's insurance.Generally, the homeowner is responsible for hiring a tree removal company to remove trees that fall on their property. Some damage is covered by homeowner's insurance.Generally, the homeowner is responsible for hiring a tree removal company to remove trees that fall on their property. Some damage is covered by homeowner's insurance.Generally, the homeowner is responsible for hiring a tree removal company to remove trees that fall on their property. Some damage is covered by homeowner's insurance.
What kind of tress leaves fall in fall?
Deciduous trees fall in the Fall. The trees lose their color and lose their leaves. That's why there are many trees that are bare in the Fall.
What government is responsible if a tree falls?
None, Trees fall all the time, It's a natural occurrence. Nobody is liable for an act of nature.
In which season do deciduous trees loose their leaves?
Autumn which is also called "fall" because the leaves fall from the trees.
What happens to trees in fall?
Trees in the Fall they find Morther Nature! It's a wouderful view.
Which season leaves fall from the trees?
Autumn, or Fall. That's pretty much why they call it Fall. the leaves FALL off trees.
Which kinds of trees loose their trees in the fall?
the answer is desidious
Why do branches fall off trees?
the trees dying
What type of year do leaves fall if the trees?
Fall
Should homeowner pay for tree crushing car?
A home owner is responsible for damages caused by trees growing on his property, even if they fall outside his property line.
Name of trees that lose leaves in the fall?
deciduous trees.
When do trees drop sap?
In the fall. Trees pull back some moisture from leaves before they dessicate, turn brown, and fall off.
