Selling / Related to selling your home

Buying a short sale home

Purchasing a short sale home isn’t the same as buying a foreclosed property, since the owner is actually selling the home to avoid foreclosure. It takes longer than a conventional ...
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Photo - Woman thinking about selling her home

Should I be worried if I have not sold my home in a year?

© pauchi/Fotolia The short answer is “yes.” If the market is exceptionally slow, it can take as much as a year for houses to sell, but in a normal market ...
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Can I sell my home if I owe HOA fees?

If you owe Homeowner’s Association fees, the HOA can put a lien on your home, making it more difficult to sell. Any liens on the home must be cleared before ...
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How much would I have to pay in taxes if I sell my home for a profit?

If you’ve lived in the house as your primary residence for at least two of the past five years, you won’t owe taxes on the sale. The federal government allows ...
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What is a bridge mortgage loan?

Bridge loans fill the gap when you are buying a new home while still carrying a mortgage on the house you are selling. They are temporary loans, paid off when ...
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What is a mortgage short sale?

A mortgage short sale occurs when the homeowner sells the dwelling for less than the remaining mortgage balance. It’s also known as a pre-foreclosure sale and it’s a foreclosure alternative ...
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Do I have to inform the mortgage lender if I want to sell my home?

You don’t have to tell your mortgage provider that you plan to sell, but you do have to settle your outstanding loan when the home is sold. You might want ...
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