Renting Real Estate Questions and Answers

How do you go about suing a landlord and does it cost any thing?




Answers: You file at small claims court. It costs 185 where I live.

If you loose you will also have to pay his legal fees, which can be substantial, so make sure you will win.
Of course, you can sue anyone for anything. Whether you'll be successful is another matter.

It's relatively easy to sue in small claims for a financial matter (the limit is $5,000 in my state). The filing and service fee will probably be around $75-$100. However, your landlord can countersue and can insist on a defending themself in a full-blown trial.

Without more details, not sure what else to tell you.

I've heard of buying homes through the gov. by paying off property tax how do I do this or is it a scam?




Answers: It can be done, but it takes a lot of legwork. In most cases if the house is worth a lot you will get paid back the amount of back tax you paid off plus interest. In a few cases you won't get paid back and you can then (with some effort, varies by state) claim title to the property. A lot of the properties that are abandoned end up being worth less than the back taxes (drainage ditches, odd strips of useless land, etc), so to avoid losses you have to be very careful in your research.
It is next to impossible,so technically its not a scam.
See you need to find a home that an owner owns free and clear (no mortgage) who has back taxes. The odds of this are slim to none. Most people who don't pay their taxes also have mortgages, which they don't pay either. It is no good to pay back taxes on a home that you would also inherit the mortgage owed. I would say that these guys make their money selling you books, not buying real estate.
I dont know about buying through the govrrnment but the best way to buy is at tax sales in counties. You can ask about the at local court houses. They make a list once a year and you get the list and send in closed bids, and you will be contacted if you win the bid. First get the info go take a look at the property and bid, then wait.

How do you research a reposessed or foreclosed property?

You know, to make sure that nearby arent any hidden problems near the property when there is no seller disclosure. e.g. bad economically, deteriorating foundation, etc
I know that you could hire a home inspector, but how much does that cost? and are there any other ways?


Answers: Go to the county clerks department and ask the clerk about the property you are looking for. Make sure to catch the address and all of the information previously you go.

There it should communicate you what is going on with the property and who the mortgage company is. Then phone up the mortgage company and they will probably direct you to the listing broker or agent.

Also you can collaborate to a Foreclosure attorney near where on earth the property is located. They usually know everything about the foreclosed properties.

Never buy a foreclosed property next to tenants or those living in it because they can brand name your life misserable and it will run you forever to evict them.

If the house is vacant I suggest finding the book agent find out if you can get within the property and if you can take an inspector beside you. It will be the best $350-$400 dollars spent because you don't want surprises.

Good Luck,

Rey
If there are family living in the property when it is surrounded by foreclosure, then devout luck. You can be nice to them and attempt to get access that mode, but that rarely works. If the property is deserted and you still don't have access, some ancestors actually break within to inspect the property, but this is also not a viable option.

Now, if you own access to the property and can actually do something nearly it, then grasp an inspector. Really, it's the best money you'll spend. It will cost you about $400, sometimes more or smaller quantity, but if you're spending serious money and taking on a serious risk, why wouldn't you spend that money and find out the truth about a property?

That said, not adjectives inspectors are created equal, so do your homework and find someone who comes recommended.
A thorough home inspection will include a report of all DISCOVERED defect. It costs about $400-$600 (or more depending on the size of the property).

You might consider asking the trader to purchase a home warranty as a condition of the sale. They single cost $400-500 and cover you from many problems during the first year.
3 simple words: sausage pepper.

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