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Tax Consequences of Buying Your Parents’ House When one is looking to purchase a home from their parents, they must take into account the tax consequences that include it. Whether buying in cash or through mortgage payments, taxes can still be due on this type of real estate transaction. Depending on if the sale price […]
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Keywords: Who Can Live in a House During Probate? In regards to the question of who is able to reside in a house during probate, there are a few things that have to be taken into account. Firstly, if the property is owned jointly then both owners have equal rights over living in the home until […]
Can a Hospital Put a Lien on Your House? As it pertains to medical bills, a hospital can attempt to put a lien on one’s house when they fail to pay for the bill. Which means any profits from the sale of their home would go towards paying off outstanding debt incurred by not spending […]
What to Do with Utilities When House is Vacant They should assess the specific situation and ensure bills are paid, appliances aren’t damaged, and the house is cared for while they’re away when leaving their property vacant for an extended period of time. To make certain none of the issues occur as a result of […]
How Long Can a Rental Property Be Vacant? When renting out a residential property, the greatest worry for landlords is the length of time their rental will remain vacant before incurring losses. There is no definitive answer to the question as it depends on various elements including location, market trends and target tenants. It is […]
