Looking for an answer about my pay off of my home. The USDA
Looking for an answer about my pay off of my home . The USDA said that they have to reappraise my home and find out the market value from then to now and said I would have to pay the difference. Can they do this to me after I have paid my loan in full?
When calculating equity on a home, the amount owed on the
When calculating equity on a home, the amount owed on the mortgage and the appraised value are usedBut if one has acquired additional debt to make substantial renovations in the home by using credit cards, a home equity line from another property and a bank loan, are any of those subtracted from equity value ?Or are those debts and the interest charged separate from equity value?Thanks
Executor ordered Date of Death EXTERIOR only appraisal for a
Executor ordered Date of Death EXTERIOR only appraisal for a Noe Valley San Francisco County, CA 3 unit apartment building. Appraiser estimated the rentable square feet to be 2770 sf. Actual rentable square feet turned out to be 2880 sf when measured by the broker. The appraisal room count was off missing 1.5 bathrooms, the neighborhood was also wrong. We are using the appraisal to establish Date of Death real estate value for tax forms 706 and 1041. Should we go back to the original appraiser or order a new one with the hopes of increasing the appraisal with the extra square footage and extra bathrooms on this property? How much difference would that make in the final appraised value?
I have rented a house for over 20 years. The owner is
I have rented a house for over 20 years. The owner is looking to sell the house and I am able to buy it for its full appraised value but the owner wants to take an offer from someone who has offered more? Do I have any rights?
State of texas. Community estate and inception of title.
State of texas. Community estate and inception of title. Getting divorce. Owned house prior to marriage. 2009 bought house. 2011 got married, 2014 refinanced house to take 28K out of equity for kitchen re do. New loan was 28K more than payoff of old loan. At that time , wife was put on title but loan still in my name only. Trying to find out what the formula is for calculating her interest in the house. I'm keeping the house, she has moved out.
Counselor at Law
My agent never gave me a listing agreement on any of the
my agent never gave me a listing agreement on any of the homes she sold for me. Is she required to? She did not provide me with any disclosures either, She did check the box agent for the seller on the contract. This is where it gets really bad.She brought me a buyer on a home she sold to me and we had it renovated and under contract in 6 weeks. 4 weeks into the deal she tells me about the FHA seasoning issue and that I had to wait several more weeks and then we would terminate the contract on day 90 of my ownership which was 6 more weeks. I wanted to terminate the contract immediately when she told me I had to wait 6 more weeks. She said I was not allowed to cancel by law and wouldn't talk to the buyers agent about termination so she forced me to wait 7 more weeks and she said they were definetely qualified and we signed another contract on her advice with the same buyer after the first one expired and the buyer couldn't qualify after approximately 110 days which cost me $35K She never explained FHA 90 day seasoning to me and she was negligent to allow the first contract to be signed. On top of all that, another buyer came along while still listed with her and she says i have to pay her a 4.25% commission at closing and there is only 1 agent. The commission is not listed in the contract and I don't have a listing agreement. i did not agree to pay her more than 1% due to what she did. She called me several times per week on the first deal and promised they were qualified and tried very hard to convince me to allow them to rent the home for practically nothing with no security deposit. Although they had an agent she cared more about what the buyer wanted and she is my listing agent. She mislead me during the entire deal and told me I was not allowed to cancel the contract while we waited 7 more weeks. Since I wasted so much time because of her negligence, I had to take an offer $8,000 lower than the first deal and lower than appraised value. What recourse do I have against the agent, the broker and C21. I'm going to tell the closing agent to pay my agent 1 point Is that okay and I would like to and recover all my extra cost for having to wait so long and the $8,000 difference in price. I also want to make a complaint against the agent. PLEASE GET ACK TO ME ASAP.
My father passed away in 2014 and left my brother and I as
My father passed away in 2014 and left my brother and I as co-executors on his estate. We have split everything up with no issue until it came to the house. A few months after my fathers death he told me that he and his family wanted to live in our father's house and that he would pay me half of the value of the house and we even agreed on the date of payment. That date came and went with no payment and then the next agreed upon date came and went and then he moved in the following July 1st. It has been just over 1 year since he moved in and he made all kinds of excuses to delay the process of coming to an agreement on the amount he would pay me for the house. We have had the house appraised and that value was significantly lower than what I believe the house will sell for on the open market. It is in a very sought after neighborhood and on a golf course. I have agreed to sell him the house at half of the appraised value but he wants to subtract money from my half totaling 4.5%. His figuring is that if we sold the house we would pay 6% to an agent and then another 3% in closing costs so 4.5% knocked off the price he pays me. Now if we sell the house I 100% understand that these costs are going to happen and we both lose. But per his method of calculating the house only I lose. In fact he wins twice because not only is he not charged the 4.5% but he also gets my 4.5%. I'm trying to be as fair as possible in these negotiations but I don't see how me losing and him winning twice comes out fair. Is there any legal precedent that can help us with these negotiations? The sad part is that if we sold the house on the market I believe we would get enough that minus the 9% I would still get half of the appraised value.
I live in Texas and I protested my property taxes. I
I live in Texas and I protested my property taxes. I received a settelment offer that was higher than value that I protested. Both values are higher than the homestead cap allowed. I am not sure how to handle the offer. I don't want to accept the offer because it is higher than the original appraised value. If I decline the offer, I will have to go before the board and who knows what that will be. If both appraisals are higher than the homestead cap. How should I proceed? Is there someone in the appraisal office looking to see that some homes are above the homestead cap?