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Paying my Dads mortgage.?

My Dad bought a house 2 years ago and I've made all the mortgage payments since. He has never lived in the home. I'm wondering if everything he is doing is legal? Or is this considered mortgage fraud.

9 Answers

I want to sell my home but it wasn’t professionally built?

The home is an owner built home. No professional builder was involved. Everything was done by the owner who was not a licensed or skilled contractor. How does the market value these homes? Would it qualify for financing or cash only? Do I have to sell it As-is and/or disclose it as an owner built home?

9 Answers

Can I choose to sell my home for less than it's worth?

I want to downsize and sell my home to one of my kids. I'm not looking to make a profit on my kid and would rather sell the house at a loss compared to its current value. I've owned the home for 45 years and it's gone up a lot in value. Can I choose the price to sell the home and sell is for way under the value of the home?

7 Answers

I am adding a metal barn to my property ?

I am adding a metal storage building to my property. why am I required to pay sales tax for it and then pay property tax every year?

11 Answers

Do you need a realtor to move to the Villages?

I'm thinking of moving to the Villages in Florida. Since it's a retirement community, do I need a realtor? Or do they have their own process?

6 Answers

Reduce capital gains tax on 2nd home, convert into primary?

Referring to article written by Kelsey Heath, she says: a second home can be converted into primary residence and therefore, would qualify for a primary residence capital gains tax exclusion. To qualify for the exclusion, you must meet both the ownership and use tests. This means you must have owned the home and lived in it as your primary residence for at least two of the five years preceding the sale, but the two years do not need to be consecutive." I currently am in the process of selling my Huntington Beach Ca home. We have owned the home for 5 years now. I am a resident of Utah. In the past 5 years, we have spend between 45-50% of our time at this home here in Huntington Beach, which would mean in the past 5 years we have lived here more than 2 years. Would this not qualify for the reduction of capital gains tax along with the real estate withholding exemption?

8 Answers

Do buyers agents do the same amount of work as the sellers?

Does a buyers agent do an equal amount of work compared to the sellers agent? What does this mean in terms of payment?

9 Answers

Do buyers agents get paid the same as the sellers agent?

Do buyers agents get paid the same amount as the sellers agent? I'm wondering if one side of the transaction gets paid less, or if I should be negotiating so that I pay a fair price. I don't want to be disrespectful, but is the payment up for negotiation?

10 Answers

How do I negotiate a realtor's payment?

How do I negotiate a realtor's payment? I don't want to be disrespectful and I understand that this is their job; however, it's normal to negotiate a business transaction. So, is this similar? What are recommendations for how to negotiate? Are there any key points to talk about or inquire about?

11 Answers

What a reasonable buyers agent commission?

What's a reasonable buyers agent commission? I talked to an agent that said I need to sign a contract and agree to his commission. It seems high, so I'm wondering what's normal.

9 Answers