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What else can I help you with?
Can you carry homeowners insurance on company property?
Commercial property cannot be covered by homeowner's insurance. Commercial property insurance must be purchased for that category of property.
What are the short sale ramifications?
A short sale incurs a loss for the bank or other institution that extended the loan to the homeowner. Therefore, the homeowner must negotiate the terms of the sale with the bank before attempting to sell the property. There are a variety of consequences for the owner of a short-sale property.
How old do I have to be to rent a private property?
To rent private property you must be of legal age to enter into a contract (verbal or written). The state, province, or country where the property is located determines what that age is. You must check the laws of that location.
How would one qualify for refinancing on a home loan?
In order to qualify to refinance a home loan, the homeowner must not be in default. The homeowner must make a certain amount of income in a year and their monthly expenses cannot be more than 31 percent of their income.
Does homeowners insurance stay with property or homeowner when he moves?
Homeowners insurance is NOT transferable. It will not follow the Homeowner to a new property nor will it cover the home for the new owner. If the homeowner sells or vacates the home or transfers ownership by other means the policy is null and void at the moment the property changes hands whether or not the Insurance company has been notified. A new owner must qualify for their own insurance policy based on their own merits.
What does Under offer mean?
A property is under offer when a homebuyer has made a formal offer to purchase the property but the homeowner has not confirmed whether to accept. If the offer is rejected then the property remains on the market until the next formal offer is made at which point the homeowner must again decide whether to accept the offer or reject it. If the offer is accepted then it becomes 'Sold Subject to Contract' (Sold STC).
Can a homeowners association lien impede a mortgage loan?
If you are the seller, notice that the lien must be satisfied before title can be transferred to a new owner. If you are a buyer, notice that the lien must be paid -- thus affecting the amount of your new equity, before title is transferred.
When a crash results in property damages of any amount who must the driver notify?
The owner of the property (if he can), the police and his insurance company.
Does a homeowner who has a mortgage on his home have legal title to the home?
Generally, yes. That can be confirmed by a visit to the land records office where you can perform research to find out who owns a property. In another sense, in a title theory state, a homeowner who grants a mortgage actually conveys the property to the bank until the loan is paid. The bank can take no further action unless there is a default. During that time the homeowner has equitable title to the property and is considered the owner. When the loan is paid the bank must record a satisfaction of the mortgage in the land records. If the loan isn't paid the bank will take possession by foreclosure and then has the right to sell the property.
Can you put a lien on a house for collateral for a car in the state of PA?
The only way a person can obtain a lien on a home is for the homeowner to agree to the lien in writing or the lender must sue the homeowner in court for non-payment of the car loan. If they win they can request a judgment lien from the court and that lien can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid off.The only way a person can obtain a lien on a home is for the homeowner to agree to the lien in writing or the lender must sue the homeowner in court for non-payment of the car loan. If they win they can request a judgment lien from the court and that lien can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid off.The only way a person can obtain a lien on a home is for the homeowner to agree to the lien in writing or the lender must sue the homeowner in court for non-payment of the car loan. If they win they can request a judgment lien from the court and that lien can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid off.The only way a person can obtain a lien on a home is for the homeowner to agree to the lien in writing or the lender must sue the homeowner in court for non-payment of the car loan. If they win they can request a judgment lien from the court and that lien can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid off.
Why would a homeowner need to sell a house in order to recover back rent?
A homeowner can receive tax credit claims by selling a house in order to recover back rent. When the house sells, the only thing that must be repaid is the amount of gain on the sell.
What is the required amount of earnest money that must be included with the offer?
The required amount of earnest money that must be included with the offer is typically around 1-3 of the purchase price of the property.
