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Real Estate

Twin Cities Real Estate

Joe Niece  (Web Site: http://www.JoeNiece.com)

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Questions 41-50 of 346:


  1. I recently refinanced my TwinCities home. About a week after the closing, the closing company said they had forgot to include a county filing fee in the closing and asked that I send them a check to cover their cost. I did, but friends have told me that I shouldn't have been responsible to cover their mistake. Then about 2 months later, the mortgage broker said that the appraisal needs to be paid because it wasn't on the closing either. Am I responsible to cover this too? - Kirk Oldre from Cottage Grove, MN
    It is money you owe but if both were being paid by the seller in closing cost or the lender told you that you would not have to bring any money, I wou   » more
    It is money you owe but if both were being paid by the seller in closing cost or the lender told you that you would not have to bring any money, I would tell the lender to pay the appraisal since it was his mistake. I would also check to make sure that the lender or the seller did not get money that was suppose to be used for your closing costs. Stop by a different lender or closing company and ask if someone there can go over the closing statement with you and look for both of those costs to see if they were already paid.   « less
  2. I live in Texas due to the fact my husband was transferred with his company. Our home in a small town in Indiana would not sell. We sold it a 16 months ago on a "land contract". They were making payments to us for the past year with the balloon payment due on Sept 1st of 2007. The owner lost his job, they placed the house on the market and moved out of town. At the beginning of August they stopped making payments to us and will not return our phone calls. We are at a loss as to what our options are with this house. They have abandoned the property and their responsibility. We have alot of equity in this house, and despertely need the cash since my husband lost his job last week. I feel that it would be a waste of time to try to sue this family, as they have nothing. Can the realtor that created this nightmare with a land contract and her wheeling and dealing be held liable? What are our options here? - Sue Nalls from San Antonio
    You most likely will have to start foreclosure proceedings on the buyers. It would be easier to use the internet background checks to find them and a   » more
    You most likely will have to start foreclosure proceedings on the buyers. It would be easier to use the internet background checks to find them and ask them to sign a quit claim deed back to you so you can get it back ASAP    « less
  3. I have 61.8 acres of land 22 miles west of Duluth. It has been appraised. I want to sell it without a realtor. What is the best way to get the word out? - Donna from New Auburn, Wi.
    If it was that easy, nobody would use a Realtor. That is one of the huge benefits of using a Realtor, they can get 10,000 times more exposure because   » more
    If it was that easy, nobody would use a Realtor. That is one of the huge benefits of using a Realtor, they can get 10,000 times more exposure because of the MLS that they pay to run. Part of the money you pay to a Realtor goes to have internet MLS so buyers all of the world can see and hopefully pay you more for you property.   « less
  4. Some property in Texas was left to three grandchildren. If they let a fourth grandchild spilt the property taxes with them, will he be able to claim the property as 1/4 his after so many years or will he have no legal right to it because the others are paying taxes on it also. - ellen from Tomball, TX
    The three grandchildren are going to be the ones that determine the fate of the fourth. If they are willing to cut the forth in, it should work. Hav   » more
    The three grandchildren are going to be the ones that determine the fate of the fourth. If they are willing to cut the forth in, it should work. Have them work together for a resolution.   « less
  5. My husband and I lived in a home owned by my parents for seven years. We had an owner finance agreement with them during the period. Before the house was sold, my parents signed a quit claim deed so that our names would be on the home. Will this help us on capital gains? We did make a profit on the home. In a true mortgage situation we would be clear on the capital gains tax. - Amy from Raymore, MO
    If it was your primary residence, you should not have any capital gains taxes when you sold it. I would talk to an accountant just to make sure and g   » more
    If it was your primary residence, you should not have any capital gains taxes when you sold it. I would talk to an accountant just to make sure and go over things but you are allowed up to 500k in gains untaxed when you sell a private residence as a married couple.   « less
  6. I bought a townhome last april 2006. there will be a adjustment on it this comming april 2008, It turns out that the payments will skyrocket, foreclosure is at hand; what I would like to know is should I stay in the house and continute to pay the utilities and asso. fees. I like to know what I should be doing at this point. Help! What should I be doing? - snowdrift from Friedly, MN
    The best bet would be to try and sell the home before your credit is ruined and before the foreclosure process runs it's course. Call me at 612-508-4   » more
    The best bet would be to try and sell the home before your credit is ruined and before the foreclosure process runs it's course. Call me at 612-508-4100 or e-mail me so you and I can talk on the phone and/or meet. You still have quite a few options. I will wait to hear from you. Joe Niece    « less
  7. In 2004 I entered into a mortgage with my grandma but due to her becoming Ill, I was not able to get on her deed.THe only proof that I have is a verbal contract between her and I.When I was trying to refinance the home,I was not able to sign off on the property without her signature also.She's in a nursing home now and she's not mentally stable enough to make any decisions. Her daughter which is her P.O.A will not allow me to be on the deed although I've been the only one paying the mortgage and living in the household since she became Ill.My question is what is right and if the house is sold am I entitled to any of the money? - Tina from Atlanta Georgia
    At this point, I don't know what you can do unless your Grandmother is willing to sign something that says you have interest in the home. A judge may   » more
    At this point, I don't know what you can do unless your Grandmother is willing to sign something that says you have interest in the home. A judge may be able to help you if you can show some type of proof of your claim.   « less
  8. My husband and I bought a home 2 years ago. My name is not on the mortgage or deed because his credit was better than mine and we didnt want it to hurt our interest rate. I would like to be added to the dead now that we are married. How can we do that? - Nicole from Minneapolis MN
    In Minnesota, if you are married, you both have half interest in the home. It should not matter if you are on the deed or not. You can only sell the   » more
    In Minnesota, if you are married, you both have half interest in the home. It should not matter if you are on the deed or not. You can only sell the home if both of you sign. If this is not enough, a good title company could help you. Call Home Title at 952-829-3800 and ask them.   « less
  9. Hi Joe, my brother has a lot of credit card debts and is thinking of file for bankruptcy. But he name was on my parents’ house. they put his name on their house when they bought it more than 15 years old, thinking that if something were to happen to them. He can take full control of the house without too much of paper work. It already paid off and worth a lot. To make the story short. When my parents found out his credit card debts nine months ago. They did a quick claim on his share of the house back to them about five months ago. Can my brother file for bankruptcy without worrying his creditors go after my parents' house? Or is there a best way to resolve this problem? We have papers to proof that my parents purchased their house with their saving accounts (old passbooks and copy of house closing checks). My brother didn't put a penny into this house. My parents pay all the bills over the years including their property tax bills. Thank you very much. - Anonymous from norwalk, CT
    Check to see what the look back period is for bankruptcy in your state. If it is six months, then your brother would have to wait another month. I wo   » more
    Check to see what the look back period is for bankruptcy in your state. If it is six months, then your brother would have to wait another month. I would have you parent look into it since it will have the most impact on them.    « less
  10. My elderly parents were 'pressured' to write up a purchase agreement with a granddaughter for the year 2011 at an extremely low price (80 acres, ½ timber, ½ tillable, 5 bedroom home, barn and outbuildings for $150,000). I haven't seen a copy but was told no money has changed hands. My parents now are in failing health and need to move to an assisted living, but cannot do so because of the pending sale. The granddaughter doesn’t want to move until 2011, leaving my parents to live in their home longer. Can they void the purchase agreement or at least give the granddaughter 30 days to make the sale or they will put it on the market (no other family member wishes to purchase)? They truly need to be moved before winter. - JT from MN
    If you believe that fraud was committed with the purchase price, I would talk to a lawyer or the granddaughter. I don't know the terms of the entire    » more
    If you believe that fraud was committed with the purchase price, I would talk to a lawyer or the granddaughter. I don't know the terms of the entire purchase agreement but if a judge thinks that they were taken advantage of, he might rule in favor of your grandparents.   « less
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