Expert Insights: What Types of Foreclosures Are There?
When it comes to foreclosures, there are two types—judicial and non-judicial. A foreclosure that results from a court action is...
Exclusive QA
Expert Insights: If Faced With Foreclosure, What Are My Options?
Talk with your lender immediately. The lender may be able to arrange a repayment plan or the temporary reduction or...
Expert Insights: Can I Deduct Improvements Made to My Home?
Yes, but only after you have sold it because improvements add to the basis of your home. Remember your gain...
Expert Insights: Are Home-Selling Costs Deductible?
If you sell your home and realize a taxable gain even after the exclusion, you can reduce your gain with...
Expert Insights: How Does a Lease Option Work?
A landlord agrees to give a renter an exclusive option to purchase the property. The option price is usually determined...
Expert Insights: What Is a Lease Option?
It is an agreement between a renter and a landlord in which the renter signs a lease with an option...
Expert Insights: How Does the Seller Determine What Rate to Provide?
The interest rate on a purchase money note is negotiable, as are the other terms in a seller-financed transaction. To...
Expert Insights: What Is Seller Financing?
Also known as a purchase money mortgage, it is when the seller agrees to “lend” money to the buyer to...
Expert Insights: What Is a Bridge Loan?
It is a short-term bank loan of the equity in the home you are selling. You may take out a...
Expert Insights: Can the Seller Also Include Contingencies in a Contract?
Yes. For example, if you decide to sell your existing home first before buying another one, you can make the...
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