(Part 2 of a three part Series on Long Term Care) I wrote in the previous column a lot about long term care issues. This column deals with the insurance policies available for long term care. There are two major types, with one subtype available for people who are lucky enough to live in one …
Continue reading “Long Term Care Insurance: Non-Tax-Qualified versus Tax-Qualified, and Partnership”
“overpriced house offer rejected what next” (Before I get started, I want to make it clear that I am using the same definition of worth found in this article: A property is worth what a willing buyer and a willing seller agree on and consummate.) The seller obviously didn’t feel that it was overpriced. Given …
Many people are uncertain as to what closing costs are. Basically, they relate to the costs of doing the transaction. There are people who work on getting your loan through the process of approval and funding, and those people have got to be paid. Anytime you’re talking about a fee for a service that needs …
There are several possible options to deal with this issue, depending upon the exact situation. For A paper, both spouses must qualify, credit score-wise. The way around this is a quitclaim to the spouse who has a good credit score as sole and separate property. The catch is that then the good credit score spouse …
Continue reading “Real Estate Loans: What If One Spouse Has a Bad Credit Score?”
<blockquote> I simply love “Fear And Greed: How did the real estate bubble get so big” I’m not sure if you are aware that there is a grass-roots group that is starting a “boycott on housing.” They feel that the prices in the San Francisco Bay Area are unreasonable. It’s kind of interesting. The website …
my prorated property taxes came were paid at closing but now I’m getting a delinquent tax bill You mean they were supposed to be paid at closing. There are two major possibilities: 1) They were not, in fact, paid 2) They were paid, but were miscredited, or they were properly credited, but your county goofed …
Continue reading “Property Taxes and Whether They Were Paid Through Escrow”
(This is a historical post, and applies to every Republican president since Nixon at least to my personal knowledge. Time has taken some of the bloom of President Bush, mostly due to political constraints placed by others) The Anchoress has a much needed perspective on President Bush. I am neither religious nor conservative, and yet …
One of the two most undersold financial products is long term care insurance. Yet it is a critical need, ranking just below disability insurance in the estimation of most financial planning agencies. Long Term Care is already a large part of our nation’s health care costs. In 2002, the last year I actively worked as …
“what can a consumer recover from title company for undisclosed easement” Basically, the cost of the immediate remedy, at least here in California. Here’s a standard example. Mr. and Ms. Smith buy a property and they wish to put a pool in. The purchase process reveals no easements and they quickly take possession of the …
Continue reading “What Can You Recover From the Title Company?”
In my experience, these are death to your credit rating. Why? Because of how they work. The short story is they get your creditors to agree to accept some lesser number of dollars for your debts. The creditors, for their part, aren’t happy about this. They often mark you as not having paid in full. …
