IF THE OWNER HOLDS THE MORGAGE AND THE BUYER DEFALTS DOS THE PROPERTY GO BACK TO THE OWNER OR AT SHERIFS SALE?
Tag Archives: buyer
Neighbor is criticizing my house I have for sale?
I have a house that needs some work that Im selling as a handy man special. I buy and sell house for a living and have done this for years. But the guy that owns the property next door and around the house keeps coming over when the realtor is there with a potential buyer and saying there is a million things wrong that really are not. What can I do about this. he has ran several people off doing this. Is there any laws that prevent this. i have no trespassing signs up now to maybe detour him from coming around.
Posted in Homes For Sale
Tagged buyer, door, guy, handy man, house, man, million things, neighbor, no trespassing signs, Property, realtor, sale, work
Anyone know about any houses for sale for a first buyer?
Callhan or Dinsmore area ?
Posted in Homes For Sale
Tagged anyone, area, buyer, Callhan, dinsmore, houses for sale, sale
What is a Sellers second Mortgage?
I am trying to sell my house. The sales price is $131500, the buyer was able to get a loan for 97% of the sales price. However they want me to do a Seller’s Second Mortgage for the remaining 4% ($5000). How exactly will that work? What do I base the terms on? How does the agent get paid?
The house had very little equity in it. How does my bank get paid? Is it a good idea to even consider in the first place. Thanks.
Homeowners’ Association Membership Fee?
I am the Secretary of an HOA . Our By-Laws provide that the assoc. take care of exterior maint., insurance, and general upkeep. Each member owns his own home, but we spend assoc. funds on the fences, roofs, parking space painting and a global insurance policy. When a member sells, the buyer is able to take advantage of previous improvements. It was brought up in the last meeting that the assoc. implement a $750.00 one-time membership fee from the newbuyer 2 help offset the assoc. expense on improvements that the buyer is immediately benefiting from. I know how many votes I need to ammend–that process in not in question. I want to know how to phrase the amendment or resolution that is going to provide for this membership fee. I am not going to hold an official meeting, but I am going to solicite each members signature on a written instrument with a “yea” or “nay” next to their name. Help me with some suggested language. Our budget is tight, so there is no legal fund for advice.
Posted in Home Improvement
Tagged Assoc, association, association membership, Budget, buyer, fee, fences, global insurance, HOA, homeowners, homeowners association, improvements, insurance, insurance policy, Laws, meeting, member, membership, painting, parking space, phrase, roofs, Secretary, signature, time membership fee, upkeep, yea