Monthly Archives: December 2008

Question about taxes when selling a house and not buying another home?

amieretto asked: I purchased a condo 5 years ago. When I made the purchase I put a down payment of $25,000 down. I sold the condo in 2007. After closing, I walked away with $22,000. I did not purchase another home. Am I going to have to pay taxes on this money even though I [...]

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Question about home buying for the first time?

M~K asked: I am looking at buying a home. I was wondering what the process was and if anyone could give any tips on buying, what to look for, how much to have stuck back, etc? Any info would be greatly appreicated!kelvin

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Question about selling and buying a home?

punkinbutt’smama asked: My husband and I would like to downsize and purchase a cheaper home. But, is there a way where we can work it out with a seller so that they wait until our home is sold first? The current home that we own is the only home we’ve ever purchased, so [...]

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Legal question about earnest money buying a home?

Megan asked: My boyfriend and I could not get approved for a loan on a home together so we decided not to go through with buying a home just yet. We put a stop payment on our check for the earnest money because the contract we signed saying we wanted to build a home (not [...]

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Question about selling home with 2nd mortgage and buying a new one?

punkinbutt’smama asked: My husband and I are contemplating buying a new home. We have only owned the one we have now for 1 year. We also have a second mortgage. My question is - will the proceeds first be used to pay off the second mortgage before they would be subject to [...]

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question about taxes and buying a home on land contract?

kefooce asked: shouldn’t I be able to claim the interest and property taxes that I’ve paid over the year on my home, which I’m buying through land contract? Last year the seller claimed everything and I don’t see how that’s correct. I’ve paid 9% interest all year and around $1000 in taxes and [...]

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Got a question about buying a home on contract?

Sarah W asked: I bought a home on contract in Jan 2006 through a local company that strictly sells homes on contract. I know they say payment is due by the 10th, if not rec’d by the 15th, will “serve” me. What does this mean and can I just catch up my payments to them [...]

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I have a question about buying a home for the first time?

Lin ? J Thinker asked: What are some of the steps in buying a home for the first time. What things do I need and how does it work?
Thanks Bj80012.. so far.. that is a start..
Thanks cream.. =)
Wow.. thank you everyone for all the responses you all were great.. thank you [...]

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My husband and I are buying a home and I have a question?

TC asked: Everything has gone smoothly, we are still waiting on the survey (our new home includes 5 acres of land) and a title commentment. My leader has said to “start packing, it ’s a done deal” . We have been scared to move utilities and pack, because our horror stories of something [...]

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I am buying a home and have a question about radon testing accuracy?

It’s just me asked: Our inspections are on Tuesday and for the past 4 days, I have noticed that the house we are buying has had its doors left open to just the screen doors. (The home is not currently occupied). That makes me wonder if the seller is airing it out to decrease radon. [...]

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