Real estate contract

for a foreclosure on your credit report to settle down. Renting to own a home still allows you to start the family you always wanted and have your own place, and at the same time have you on the highway to home ownership. Everyone knows that the real estate market is a very rocky place, it is constantly changing, and it waits for NO ONE. Another benefit to choosing the rent-to-own option is that it allows you to secure a home while the market is at a stable state.It allows you to buy a home…

potential health and safety issues in addition to areas in need of repair or replacement. In Texas, inspectors must be licensed by the Texas Real Estate Commission (TREC), and are required to comply with the TREC Standards of Practice when inspections…

Fundamentally, property insurance claims are critically distinguishable from liability claims in that property insurance is generally intended only to encompass first-party claims. See Parks Real Estate Purchasing Group v. St. Paul Fire & Marine Ins. Co., 472 F.3d 33, 41 (2006) (citing 2 Ostrager & Newman, Insurance Coverage Disputes § 21.01[a], at 1303 (13th ed. 2006)). This is so, because the subject of a property coverage property is a thing, whereas the subject of a liability policy is a…

Owning a home, a place to raise a family and create memories. A dream that many holds close to their hearts and at one point lived the dream. Feeling the pride of ownership, having a place to raise a family, create memories and receive tax benefits. Then the day comes the economy takes a downfall, and people start to lose their jobs. Cash becomes low, not enough to pay the mortgage on the house, and then the home is foreclosed. Taken away by the banks, losing the benefits of owning a home, and…

In today’s society, having a place to live in is very important. That raise the question of how one should live their lives, should one rent or should one buy a house? This decision is hard to make due to the reason that each of the choices have their own advantages and disadvantages. According to the National Association of Realtors, there will be “five to six million families that will become new renting households in the next ten years.” (Harper 2013) We might ask ourselves, why is there a…

The Perils of Pets and Property Management “Do you allow pets?” As a property manager, this very question can evoke fear, dread, or indifference in your mind. Pet ownership and property rental is one of the greatest challenges, and perhaps most difficult obstacles you face in your line of work. Considering many people own pets and the growing challenge of filling properties with responsible tenants that pay on time, allowing pets in rental property is becoming more common - but the challenges…

SO YOU LOST YOUR HOUSE TO FORECLOSURE. WHAT WILL YOU DO NOW? Maybe it was because of a job loss or divorce. Maybe there was a medical issue. The fact remains, you’re starting over and it might not be anything you did wrong. A lot of people are in a similar situation. The good news is, as a boomerang buyer, you’re in a unique position to bounce back and reenter the ranks of successful homeownership. With a new set of tools and industry knowledge, you can get back into your dream home.…

As I stood there, I could remember the day we moved in like it was yesterday. The house had been so beautiful, so large, so new, and I couldn’t believe it was mine. The day we had signed the papers, my husband had given me a nervous look and I had known exactly what he was thinking. ‘Are we sure we can afford this?’ The same thought had been bouncing around in my head too, a nagging feeling weighing down the excitement of owning a new home. My husband and I both worked full time, but even with…

premium on top of the rent payment which is non-refundable if the sale never goes through. The owner could be foreclosed on and the potential buyer loses everything invested. The buyer may not be able to qualify for the loan within the time of the contract. There are also rent-to-own scams all throughout the country. This is where the professional is absolutely essential. This is a risky proposition at best. But as mentioned earlier, life is all about risk. The good thing about…

Being the product of a family who struggled financially, and growing up in poverty; home ownership was something wished for, thought about, but not really obtainable. The great housing crash that occurred a few years ago, honestly didn’t affect my life since I have been a renter of my property and never an owner. I saw the reports on the news and saw the “for sale”, “foreclosure”, and “reduced price” signs all over nearby homes, and I thought about the families that lived there and what they…