Real Estate Valuing
Would I be better served by using assessed value or real estate comps, to come up with “fair value” of the real estate in the will?
Would I be better served by using assessed value or real estate comps, to come up with “fair value” of the real estate in the will?
What legal actions, other than taking a lien against the unit owners condo., can a condo. association take against an owner who is delinquent in paying their condo. association fees?
Does someone who has deeded their property to their heirs, but retained a life estate interest have the ability to sell mineral rights or timber off of the property? Also, can they alter or tear down existing structures on the property?
In a down real estate market, is there a way to postpone setting the price until the buyer is ready to exercise the option? I don’t want to set the price at the beginning of the lease, because prices are falling.
I want to transfer several properties into LLCs to protect my personal assets. Is this simple to do? Are there any issues?
How might a tenancy by the entirety protect my house from lawsuits and claims?
1967 Bought personal residence 100K 2001 transferred to children estimated FMV 400K but kept a life estate valued @ 175K 2006 children sell property for 475K moved out Question: Do children have a capital gain of 475-400K Do parents have a gain on sale of life estate? or is this a sale of their principal…
My father passed away in December 2003. My stepmother has life time rights to the house on 2 acres of land. My sister and I are owners of the house and all other property. There is still a mortgage on the house. We are currently paying the mortgage. What financial obligations does she has towards…
I live in ___________ [state name deleted] and have a life estate in my home. My husband and I were married 7 years before his death and he had no will. My attorney doesn’t seem to want to give me a cut and dried explanation as to my rights. He had two sons who were…
If I made a verbal agreement on real estate with my Dad and he died before agreement was fulfilled. Can I file the lawsuit against his wife if I have nothing in writing? I cannot afford a lawyer by the hour. The lawyer I have now is working on a contingency, but is doing nothing…