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Foreclosure is a legal process that a lending institution or mortgage company obtains ownership of your home, in other words, a repossession of the property.
Having to say my house is being foreclosed is something that homeowners never want to have to admit. Unfortunately home ownership comes with a lot of financial responsibilities.
If you are a senior citizen (over age 65) about to sell off property in Georgia, you probably have some questions about the taxes you’ll have to pay: Do senior citizens have to pay taxes when selling their home? Do I still have to pay a capital gains tax? Or perhaps you’re helping your elderly mom, dad, or friend sell a home to pay for senior care. Not only do
As the executor or heir of an estate, you’ve probably heard by now that probate can be a painful process. Why is that, you ask? Not only can probate hold up the transfer of property for months (sometimes over a year), the process can get quite expensive. How much will you have to shell out? The cost of probate varies from state to state, and county to county. Because
If you’re wanting to sell your home, but is has termite damage, then you probably have a lot of questions. For instance, do you have to tell potential buyers you have a termite problem if they’re going to inspect the home anyway? Is it worth repairing termite damage before you put your house on the market? What are all the options for selling a house with termite damage? There’s
Are you wondering how to sell a home quickly if it has a long list of repairs? You have a few options: Invest in the necessary repairs; Try to sell it as-is on the market; or Sell it as-is to a property investor. Before you decide which route to take, there are a few factors to consider. Should I Sell My Home As-Is or Make the Repairs?
If you’re selling a house by owner in Georgia, there are a few things to consider. You can expect to pay for realtor commissions, your mortgage balance, any liens, an Owner’s policy, an appraisal, transfer tax, home warranty, and attorney fees. With 3 to 6 percent realtor commissions in Georgia on top of other costs, it may seem appealing to sell your home on your own. But it might not
Why it Might Be Better to Start Over New Did you know that the average American has 300,000 items in their home? It doesn’t take much for that number to grow exponentially, especially if you have a difficult time organizing or letting go. Excessive items in a home often compromise walking space, safety, and general hygiene of a home. If this sounds familiar, know that you can get your quality
Tips for the Big Move Relocating state-to-state, or even internationally, for a job has become more and more common these days—and it all happens so quickly. On average, companies give a person two weeks to consider relocating for a job. Once the person accepts, they typically only have about four weeks to move. Many are rushed to sell a house quickly, find a new place to live, and start
Seven Factors to Consider When Deciding Whether or Not to Sell an Inherited Home Inheriting a home can be stressful, especially if you have just lost a loved one. You’re faced with deciding if you should rent it out, sell it, or keep it as a second home. In addition to your personal finance situation, there are several factors you’ll need to consider before deciding what to do