CONSIDERATIONS IN GIVING REAL ESTATE TO YOUR CHILDREN
Before the days of income and estate taxes, adult children often just moved into the family home after their parents died. Unfortunately, its not that simple anymore. There are several …
SECURITY DEPOSITS
A security deposit is an amount of money ranging from hundreds to thousands of dollars that a tenant pays a landlord or property manager at the beginning of a lease …
WHEN IS A TAX GAIN RECOGNIZED WITH A CONTRACT FOR DEED?
Tax Laws for the Seller of a Contract for Deed Can I Deduct Interest on a Rent-to-Own? In cases where qualified buyers are scarce, selling a home through a contract …
THE DIFFERENCE BETWEEN A REAL ESTATE LAWYER AND A REAL ESTATE AGENT
If you ask a realtor whether to hire a real estate agent or a lawyer to buy a house, you can expect the realtor will suggest hiring an agent. On …
THE 5 BIGGEST SELLER MISTAKES
Mistake #1 OverpricingEveryone wants to realize as much as possible when they list their home for sale. Here in the Lakes Region of New Hampshire, just like the rest of …
WHAT IS A WRAP AROUND MORTGAGE?
A wraparound mortgage, more commonly known as a “wrap”, is a form of secondary financing for the purchase of real property. The seller extends to the buyer a junior mortgage …
REAL ESTATE LEVY
What is a Levy? A levy is the legal seizure of property to satisfy an outstanding debt. In the U.S., the Internal Revenue Service (IRS) has the authority to levy …
EQUITABLE INTEREST IN REAL ESTATE
Equity is a concept of rights distinct from legal (that is, common law) rights; it is (or, at least, it originated as) “the body of principles constituting what is fair …