All Posts Tagged With: "fair"
Can You Trust Your Lender?
There is something new in the marketplace, what is being called the Fair Market Collaborative. As someone who has been looking for fairness in the mortgage marketplace since the 1970s you can bet that I welcome any effort to create a level playing field for borrowers.
But will the new collaborative really change marketplace [...]
What’s Real Estate “Equity?”
In general terms, equity is the difference between the fair market value of your property and all debt it secures. A more conservative view defines equity as the fair market value of your property less debt and marketing costs.
Example: If you have a home worth $600,000 and a $225,000 mortgage, the equity is $375,000.
Tweet [...]
I can buy a home from my family. What are the major issues that will concern the IRS?
Real estate transactions tend to be major financial events, so there can be substantial tax issues. In the case of buying a home from a family member, there are several questions to raise:
___Are you paying a fair market price? An appraisal or market studies by real estate brokers can establish the value of the property.
___If [...]
© Copyright 