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Let's make a deal: loan mod for 50% of price appreciation

By Jack Guttentag, Monday, October 29, 2007.

(This is Part 2 of a two-part series. Read Part 1, "Too much equity can deny homeowners loan mods.")

The first article in this series pointed out that when a mortgage borrower is unable to make the required payments, the servicing agent has an obligation to the owner of the mortgage to resolve the problem in the way that is least costly to the owner. The usual method is foreclosure, but an alternative is to modify the loan contract to make the payment more affordable.  more...

Is improving home's basement wise during soft market?

By Dian Hymer, Monday, October 29, 2007.

Should you invest a good sum of money in your home if housing prices in your area are flat or declining? When home prices are escalating, adding more money to an asset that's increasing rapidly in value is a no-brainer. But given current market conditions, it's more important to consider the financial ramification of a renovation before giving your contractor the green light.  more...

Neighbor shouldn't share well without legal contract

By Benny Kass, Monday, October 29, 2007.

DEAR BENNY: Our neighbor is planning on drilling a well and putting in an irrigation system. They have asked us if we would like to install an irrigation system and if so, would we like to tap into their well and help pay for it. Our neighbors across the street have a similar arrangement. The neighbors that have the well on their property pay for the electricity, and any repairs are paid for by the others that use the well. That sounds fine, but what needs to be done to make sure this agreement and our ability to use the well continues if our neighbor decides to sell their house?  more...

 
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