Is Your Garage Or Shop Adequately Insured?
Do you have an old shed on your premises? Did you just put up a new 30’x 40’ storage garage? Are you operating a new business out of your garage? Do you board someone’s horses in an outbuilding on your premises? And most importantly, do you know if your homeowner’s insurance provides coverage for these […]
Fannie, Freddie Give Some Relief to Foreclosed Homeowners – WSJ
Mortgage-finance giants Fannie Mae and Freddie Mac will allow homeowners who have been foreclosed upon to repurchase their homes at market value even if they owe more, reversing a policy that prohibited such transactions. “This is a targeted, but important policy change that should help reduce property vacancies and stabilize home values and neighborhoods,” said Mr. Watt, the chief […]
Historical Home Flipping Profits and Activity – CityLab
Can You Afford to Flip a House? Now Is the Time Due to an enduring credit crunch, house-flipping has reached its lowest level in 5 years—but the practice is more profitable than ever. KRISTON CAPPS @kristoncapps Nov 20, 2014 By one measure, the housing market is finally back to normal. The practice of flipping—whenever a […]
LIMIT YOUR LIABILITY BY UTILIZING AN OPERATING COMPANY – PROPERTY COMPANY (OPCO PROPCO)
An Operating Company – Property Company deal (“Opco Propco”) is a strategy is which a company is divided into at least two parts: a Property Company that owns all of the real estate and assets associated with generating revenues, and an Operating Company that uses those assets to generate sales. How it works / Example: […]
I Transferred an Interest in an Entity that Owns Real Estate in Washington. Is Excise Tax Due on the Transaction?
BY WOLFFANDHISLOP ON APRIL 18, 2013 By JENNIFER JACKSON, Attorney at Law The Washington Department of Revenue imposes excise tax on each sale of real estate. See RCW 82.45.060. The term “sale” includes the transfer of a controlling interest in any entity with an interest in real property located in Washington for valuable consideration. See […]
10 Surprises When Inheriting Real Estate
HUFFINGTON POST FRIDAY, OCTOBER 31, 2014 7:52 PM GMT Following the death of a loved one, you may become the recipient of an unexpected parcel of real estate. Yet, with every windfall comes great obligations, so be prepared for the surprises you may encounter when inheriting property. Mortgage Transfer You may be able to keep […]
How Your Mother In-law Can Add Value To Your House! (No seriously…..) The Hottest Home Amenity: In-Law Apartments – WSJ
In an analysis of real-estate listings, homes with in-law units, technically called accessory-dwelling units (ADUs), were priced about 60% higher than houses without them, according to real-estate website Zillow, which examined the past four years of new listings in major cities. via The Hottest Home Amenity: In-Law Apartments – WSJ – WSJ.
Disability Lawsuits Against Small Businesses Soar – WSJ
Small-business owners face a growing number of disabled-access lawsuits in the wake of a recent appeals-court ruling giving rise to disabled “testers,” as well as the release of detailed federal specifications for curb ramps, self-opening doors and other standards. For the year through June 30, plaintiffs filed 1,939 lawsuits under a section of the federal […]
3 Ways to Keep Your Home Inspection From Killing Your Home Sale – daveramsey.com
These days, homebuyers are looking for more than just a pretty face when they make an offer on a home. They want to know they’re putting their hard-earned money into a solid investment. That’s why nearly 84% of homebuyers request a home inspection in their purchase contract. And while most home deals eventually go through […]
Americans face post-foreclosure hell as wages garnished, assets seized – Yahoo News
In judicial foreclosure states (typically Midwest and East Coast) – Fannie Mae (a federal govt branch) (and other large lenders following FNMA’s lead) are pursuing ‘deficiency’ judgments against ‘strategic defaulters’ on their residential home loans. Using a legal tool known as a “deficiency judgment,” lenders can ensure that borrowers are haunted by these zombie-like debts […]