Coming up with a down payment for a home purchase can be a challenge for many Americans. The down payment on a $200,000 house, for example, will run a buyer anywhere from $7,000 (for a FHA loan) to $40,000! Many people simply do not have this kind of money and it seems like an insurmountable [...]
So you have bought a foreclosure and now there is all the ruckus in the news about robo-signers and a new a moratorium on foreclosures and some banks stopping them and on and on. You bought a foreclosure before all this occurred. Should you be worried? Well it may depend on how you went about [...]
With all the flap in the news about “robo-signers” a question you may be asking is what is the difference between a title and a lien state? Here is a link to a map, with the states notes as to which are title states and which are lien states and some explanation of the difference.
The city of Glendale Arizona is implementing a new policy that puts rental property owners on the hook for their tenants’ outstanding utility bills. Glendale’s policy is aimed primarily at renters in single-family homes, duplexes or other smaller rental properties. The city will require new utility customers in rental properties of four or fewer units [...]
With the housing market in a slump, the HOAs (Home Owners Associations) in many communities in the state are facing short falls of cash as house after house in the community is vacant and therefore owners are not paying a monthly HOA fee. So far, there are no reported bankrupt HOAs according to the recent [...]