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77057 : Real Estate Advice

  • All61
  • Local Info4
  • Home Buying16
  • Home Selling17
  • Market Conditions0

Activity 39
Tue May 23, 2017
Sherryhoward55 answered:
Is the same for the state of Vermont when more then pne sibling owns the same piece of land
0 votes 53 answers Share Flag
Fri Apr 21, 2017
Susie Kay answered:
I'm not sure what you are trying to ask. I would suggest that you discuss with your siblings openly.
0 votes 1 answer Share Flag
Wed Mar 22, 2017
Alan May answered:
Obviously, the four siblings need to agree on what is fair.

But it seems pretty simple. Let's presume that there is $200,000 after any mortgage is paid.

Since sibling 1 & 2 have incurred $10,000 each in expenses... for a total of $20,000. They should be repaid first... leaving $180,000 to be divided equally among the four. $45,000 each. ... more
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Fri Mar 10, 2017
Ben Hughes answered:
That's really up to the appraisal district. If you are looking for something specific I can help if you want to send me a message.
0 votes 2 answers Share Flag
Sun Mar 5, 2017
Susan Pruden answered:
In Maryland, Section 17-502(b)(1) and Section 17-505(b) of the Business Occupations and Professions Article, Annotated Code of Maryland specifies how the earnest money is to be handled. This law only governs how brokers are to handle EMD, not how an outside party can handle it. We have had at least one instance where a title company held the EMD, then only disbursed part of it, saying they kept a portion to cover their costs. Maryland law does not hold 3rd parties to the same standard that brokers are held to when it comes to earnest money. ... more
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Wed Mar 1, 2017
Coleche24 asked:
The question is; if the home is valued under $250,000. do we have to pay a capital gains tax on it?
0 votes 0 Answers Share Flag
Thu Jan 12, 2017
Susie Kay answered:
I have to agree with the below unless you have an agreement with the one who wants to be bought out that he will be obligated to pay part of the real estate fees when the home is sold later. ... more
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Thu Dec 1, 2016
Bbhanley5412 answered:
This has probably already been settled by now but here's the logic according to me. But you need to get a lawyer's opinion just to make sure.
If you sold the house outright for $270,000 each one of you would get $54,000, which is one-fifth of $270,000.
Therefore for you to get the house, you should pay each of the other four $54,000. Four times 54,000 is 216 - so you are correct.
Another way of looking at it is for you to buy the house outright from the trust for $270,000. Then the trust would pay each one of the five, including you, $54,000 from the proceeds of the sale. The net effect would be that each of the others received their $54,000 and you would have obtained ownership of the house for $216,000.
... more
0 votes 1 answer Share Flag
Thu Sep 1, 2016
Patricia Higueras asked:
We are two girls about to begin working at the Consulate General of Spain in Houston for six months starting September so we are looking for a fully furnished 2BD/1BA or 2 BA apartment in…
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Wed Jun 1, 2016
Adkal answered:
0 votes 1 answer Share Flag
Tue May 17, 2016
June Buerkle answered:
Yes, if you decide to buy it yourself and outbid them.

Why would you want to stop them?
1 vote 1 answer Share Flag
Tue Apr 19, 2016
Pbuitimea1 answered:
what are the laws in arizona when you purchase a home with 3 other partners and they sel the house and they keep the money and do not give yu any. you have a contract with them and wht is my rights help please ... more
0 votes 5 answers Share Flag
Wed Mar 30, 2016
Kevan Pewitt answered:
That is a complex question. I think that you really should consult with an attorney who specializes in estates or real estate. If there is a mortgage, the lender can foreclose the property if it is not handled according to the terms of the mortgage. ... more
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