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Archive for: January, 2010

Homeowner ‘rescue’ a lose-lose

Homeowner ‘rescue’ a lose-lose

ShareHome Sale Hindsight
Tara-Nicholle NelsonInman News
Q: A few years ago, I paid $500,000 for a condo as part of an investment strategy recommended by my now ex-husband’s mortgage-broker relative. We received $10,000 and rented the home back to the former owner, who got enough money to pay off her debt.
Now I’m divorced [...]

simple steps to lower your property taxes: DIY

simple steps to lower your property taxes: DIY

Earl + Tarita saved over $3,500 with about 30 minutes’ work. That’s what I call a major return on investment!

FHA stigma vs. ‘conventional’ cost

FHA stigma vs. ‘conventional’ cost

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Tara-Nicholle NelsonInman News
Q: I’m trying to buy my first home using a loan insured by the Federal Housing Administration (FHA). My offers keep getting rejected, and my agent says it’s because sellers don’t like FHA loans because of all the different repairs and guidelines. I understand that. But I’m [...]

Drawing the line on cell towers

Drawing the line on cell towers

ShareLaw of the Land
Tara-Nicholle NelsonInman News
Located in Southern California, Palos Verdes Estates is a planned community, about a quarter of which is devoted to public rights-of-way, both for aesthetics and transportation. Telecommunications company Sprint applied to the city for permission to build wireless telecommunications facilities in the city’s public rights-of-way to [...]

Don’t cry over empty piggybank

Don’t cry over empty piggybank

ShareBook Review: ‘The Personal Bankruptcy Answer Book’
Tara-Nicholle NelsonInman News
Book Review Title: "The Personal Bankruptcy Answer Book" Authors: Wendell Schollander and Wes Schollander, attorneys at law Publisher: Sphinx Publishing, 2009; 288 pages; $13.25
I’m a lawyer. Nevertheless, until recently, the field of bankruptcy has always been murky to [...]

Homebuyer expectations disappoint

Homebuyer expectations disappoint

ShareMood of the Market
Tara-Nicholle NelsonInman News
Ahhh, the agony and the ecstasy of buying a home. Well, the ecstasy has largely been supplanted by anxiety and nervousness, but I’d like to think there’s still a little taste of excitement and suspense (the good kind) inherent in making this lifestyle transformation.
Nevertheless, I see buyers [...]

Short sale vs. loan mod showdown

Short sale vs. loan mod showdown

ShareHome Sale Hindsight
Tara-Nicholle NelsonInman News
Q: I listed my home for sale as a short sale, and it’s been on the market for a few weeks. My agent is great, and I really like her. My bank just sent me a letter offering me a loan modification, and I’d really like to keep [...]

The dual-agency double standard

The dual-agency double standard

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Tara-Nicholle NelsonInman News
Q: I will be purchasing a vacation home this spring. The home I’m interested in is currently offered by a real estate agent. This agent will be acting as a "double" agent — working for me and the person who has listed her property with the agent. [...]

Sellers fight presale inspection law

Sellers fight presale inspection law

ShareLaw of the Land
Tara-Nicholle NelsonInman News
Calumet City, Ill., passed a point-of-sale ordinance prohibiting a home from being sold until it has been inspected to determine whether it complies with city building codes. Several homeowners were prevented or delayed from selling their homes by the mandatory inspection.
The group of homeowners [...]

Survival kit for your first place

Survival kit for your first place

ShareBook Review: ‘The Essential Guide for First-Time Homeowners’
Tara-Nicholle NelsonInman News
Book Review Title: "The Essential Guide for First-Time Homeowners: Maximize Your Investment & Enjoy Your New Home" Authors: Ilona Bray and Alayna Schroeder Publisher: Nolo, 2008; 320 pages; $13.99
How many times have you bemoaned the fact that X, [...]

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