Tag Archives: insurance

What is the difference between a repossession and a foreclosure? (for a modular home in a park)?

Posted on October 26, 2011 by admin| 3 Comments

The house is in a park, not on private land. It’s a big one, 2400 sq.ft. I am current with the payments, but my job is making me move 500 miles away, I won’t be able to make payments on 2 homes. Is it better that they repossess it or foreclose? It’s for sale but the market doesn’t look good, homes have been for sale there for over 4-5 yrs. Renting is out of the question, I can’t afford the insurance they charge for a rental modular, and I don’t want it destroyed by the kind of tennants it would draw.

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Posted in Land For Sale

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Homeowners’ Association Membership Fee?

Posted on October 25, 2011 by admin| 3 Comments

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.

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Posted in Home Improvement

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Chimney repair?

Posted on October 22, 2011 by admin| 4 Comments

The Home Improvement company (VP of credit union second job) has workmen’s comp and insurance, no contractor’s license and not sure if she needs to be bonded (in her opinion). Should her company have a contractor’s license and be bonded to do the work. Only has vendor’s license for 2 years. Where can I found out info. We live in Dayton, Ohio. Really need work done and don’t want to get burned. She does use contracted workers to do the job. Thanks,
we need to have the chimney repaired. So that we don’t get sued or have shoddy work done, should the company be bonded and have a contractor’s license to do the work. They have insurance and workmen’s comp.

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Posted in Home Improvement

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For “average” people with several children…?

Posted on October 8, 2011 by admin| 17 Comments

I’m curious. You and your husband/boyfriend both work full time, have average paying jobs (by no means well off or even comfortable, but you don’t go without, either), standard bills (rent/mortgage, utilities, car payment, insurance, etc.) How do you support three or more children? My husband and I have two sons and we’ve pretty much decided we’re finished…for now. We’ve said when our older son is in kindergarten, we *might* consider trying for a third (we both like large families) but honestly…how do people afford it?? We both have average paying jobs (he works retail at a large lumber/home improvement chain and I’m a legal secretary). What do you guys do to avoid getting on welfare? Or do you?

I realize this probably sounds like a really strange question, but I read on here where people have three or four kids and I wonder…what is your secret for not being in the poorhouse? LOL :)

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Posted in Home Improvement

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