What to Do with Utilities When House is VacantThey need to assess the problem and make sure bills are paid, appliances aren't damaged, and the home is looked after while they're away when leaving their house vacant for an extended amount of time. To make certain none of those issues occur because of improper handling or neglect as it pertains to utility management — potentially risking costly repairs or...
Real Estate
Can a Title Company Remove a Lien?One's legal claim, known as a lien, must be held and secured by one creditor in order to remove it. Consequently, the title company is responsible for making sure all liens are collected and released during closing in order that potential issues with payments or property transfers down the road can be avoided. Additionally, a comprehensive title search also needs to verify...
Can You Live in a House During Probate?Living in a house during probate can be possible, depending on the circumstances. When an individual passes away and leaves behind property or assets like real-estate, it must go through probate before being distributed to heirs. During this method, one may have the capability to remain residing in their property although it is going right on through probate court...
Tax Consequences of Buying Your Parents' HouseWhen one is thinking about purchasing a home from their parents, they have to take into account the tax consequences that come with it. Whether buying in cash or we buy ugly homes Reviews through mortgage payments, taxes may still be due on this kind of property transaction. Depending on if the sale price is lower than fair market value and other factors like...
Can a Hospital Put a Lien on Your House?When it comes to medical bills, a hospital can attempt to place a lien on one's house should they fail to pay the bill. This means that any profits from the sale of their home would go towards paying off outstanding debt incurred by not spending money on medical care. It is important that patients understand their rights and responsibilities when working with...
Can They Put a Lien on Your House for Unpaid Medical Bills?You can cause a lien being added to their residence, known as an involuntary lien should they not pay off medical bills. This occurs each time a creditor has exhausted other options to collect the debt and obtains a court order for collection of funds due. An involuntary lien must be filed with either the county recorder or registrar of deeds...
Tax Consequences of Buying Your Parents' HouseWhen one is buying a home from their parents, they need to take into consideration the tax consequences that are included with it. Whether buying in cash or through mortgage payments, taxes can always be due on this sort of property transaction. According to if the sale price is less than fair market value and other factors like capital gains tax implications,...
Who Can Live in a House During Probate?As it pertains to the question of who are able to are now living in a residence during probate, there are always a few issues that need to be taken into account. Firstly, if the property is owned jointly then both owners have equal rights over living in the home until you have passed away. Furthermore, any heirs or beneficiaries may also have an entitlement depending...
Can You Turn Off Utilities on a Squatter?You can end up wondering when it is possible to turn off utilities on a squatter. The solution typically depends on the applicable state and local laws, however in most situations, it's yes. Before turning off the utility services from occupants who do not hold legal rights, an eviction should be initiated as certain court orders are needed for such action. It will...
Tax Consequences of Buying Your Parents' HouseWhen one is buying a house from their parents, they must take into consideration the tax consequences that come with it. Whether buying in cash or through mortgage payments, taxes can always be due on this sort of real estate transaction. According to if the sale price is less than fair market value and other factors like capital gains tax implications, there...