Archive for February, 2009



How to report property taxes on tax refund when changed property during the year?

Saturday 28 February 2009 @ 9:54 am
property
Vivalamitsu asked:

We sold our house and bought another one in the middle of the year. What property tax amount should i report on my income tax return? The full amount of taxes for the new property or should I report the pro-rated amount I gave the buyer of my old property and the amount paid on the new property minus the pro-rated amount the sellers gave me on my new property?
Hope this makes sense……




How many months Property Tax should be paid in advance as reserve to Lender?

Friday 27 February 2009 @ 8:45 am
property
Sangita P asked:

When you close the house, how many months of property tax should be paid in advance as reserves to lender? Does it depend on the lender? If lender says 5 months, can I negotiate with closing attorney?




How do I report my property if I own the house and receive rental income from tenants living WITH me?

Thursday 26 February 2009 @ 6:27 pm
property
ChrisLoef asked:

I purchased a home in 3/07 as my primary residence. I am young so I also have roommates living with me. How do I report this property and the rental income? Investment income? Rental property?

I just went through turbotax and I am pretty confused about this. Thanks for your help!




How long before I can sell a recently purchased property to an FHA buyer?

Tuesday 24 February 2009 @ 8:36 am
property
drgarciadon asked:

I had a recently purchased property under agreement with an FHA buyer. I have owned the property for 6 weeks and was 5 days from closing when her mortgage company said they can’t close because I have not owned the property for 90 days. My problem is we have been under agreement for 6 weeks with a closing date and this comes up. Is this a new rule or an oversight on the mortgage company. The property is in Mass.




How do you find your house property lot?

Saturday 21 February 2009 @ 4:16 am
property
Ichikuzu asked:

My neighbors seem to b cutting their lawn into ours making theirs look bigger. How can I find out where my property (land) ends and begins? They cut over our water line, which was in our property before, it seems they are stealing. How can I prove this wrong and what can I do about it.




What is the communative property and is there more than one communative property?

Tuesday 17 February 2009 @ 10:34 am
property
The graph of Grimms Fairytales asked:

If something just says “communiative property” ? What does that refer to? And are there several types of communative properties?




How do you become a professional property locator?

Sunday 15 February 2009 @ 4:40 pm
property
maggiejo717 asked:

I was wondering if anyone had a job as a property locator could give me some information on it. Such as how you became one, if you need a degree. What school did you go, what background education is needed? Also what is the pay. How long does it take to become a property locator and is there a certain age you need to become? Any information on this would be very helpful. Thanks!




Will my property value be negatively affected if I move the kitchen to a smaller room?

Friday 13 February 2009 @ 9:24 am
property
strosepumpkin asked:

I have an idea for remodeling parts of my home. I want to move t he kitchen to a room adjacent to the livingroom and the dinning room, then open to two rooms to the kitchen. Where the kitchen is now will become a master suite I think. But the kitchen will become much smaller. How do you think this would affect my property value?




Family Property ?: Can lot be offered to different parties with different conditions?

Monday 9 February 2009 @ 1:09 am
property
CheapTravel Admin asked:

A piece of property in our family has been offered up to a buyer outside the family at an unknown price. The family has been told they can offer on the property as well, but only if they also buy the owner out of their share of a different property as well. Is this legal and can anyone point me to any references?

Thank you!