A zombie property is a property abandoned by its owner after receiving a notice of default from their lender. It is called a zombie property,...
What is a zombie property?
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Homeowner Problems
Home Inspection Checklist: What to Fix and Not Fix
While home inspections are not legally required in the home buying or selling process, many buyers will request them after making an offer on your...
Who Gets the House in a Divorce?
The person who gets the house is based on three factors: If one spouse wants to keep the house Who a judge deems fit to have the home if both...
Taxes and Inheriting a House, Everything You’ll Want to Know
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,...
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...