If you inherited a house, taxes may come along with it. There may be even more hidden costs once you sell the house you inherit, but don't worry,...
Taxes and Inheriting a House, Everything You’ll Want to Know
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Homeowner Problems
What Is An REO Foreclosure?
An REO foreclosure, also known as a real estate owned foreclosure, is when a house is foreclosed on by the lender, and the lender takes ownership of...
What is a Distressed Property?
A distressed property is a home where the homeowner has fallen behind on a few (usually three) mortgage payments to their lender, or there is an...
Can You Sell A Condemned House?
Yes, you can sell a condemned house, but you should not expect to get top dollar unless the land is worth a lot of money. Since a condemned house...
What is a Sale-Leaseback in Real Estate?
A sale-leaseback, also known as a leaseback agreement, is a financial agreement that allows a homeowner to sell their property to someone else and...
What is a Deed in Lieu of Foreclosure?
A deed in lieu of foreclosure is an agreement between you and your lender where you give ownership of your property (the deed and title) to your...
What Is a Lien On a Property?
A lien on a property (a property lien) is a legal claim placed by a creditor to hold your property as collateral for missed payments. A lien is...
The 4 Options You Have After Tornadoes Hit Your Home
Tornadoes are traumatic to live through. The aftermath can be equally as traumatic if you are not prepared to evaluate your options. Especially when...
What happens when you inherit a house?
There are three things that happen when you inherit a house. The first is that you go into probate, then once probate is settled you have to decide...
What Does Foreclosure Mean?
Foreclosure means that a lender has begun the process to take possession of a borrowers’ home after the borrower has defaulted on multiple,...