My sister and her husband were looking for a house near my house so that I could help with their newborn baby while they work. We were fortunate to find a house that was up for sale or available to rent. The owner said that he would allow them to purchase the home through him using an owner financing agreement. This made me a little nervous because I had read a few stories about people getting ripped off using this method of home buying. That is why I paid for my sister to have a real estate attorney to work with. Visit our blog to learn what to look for in owner financing agreements to protect yourself from loss.
22 June 2017
When you know that your parents have created a trust fund for you, it is difficult to think of anything else and even more difficult to wait for it. This may be the very reason why your parents set up trust funds for you and your siblings; to teach you patience and/or wait for you to gain emotional maturity. Whatever your parents' reasons, you know the trust fund is there. However, you cannot talk to your parents' trusts lawyer to find out anything about the trusts.
10 April 2017
When you make an offer on a home, one of the thoughts that likely never crosses your mind is that you might want to back out of the purchase at some point. However, it happens. Regardless of the reason for your need to pull out of the agreement, you need to handle the situation carefully. Your earnest money is on the line, and in certain situations, the seller is entitled to keep it. Here are some ways you can back out of the agreement.