Tax Consequences of Buying Your Parents’ House When one is buying a property from their parents, they need to take into consideration the tax consequences that are included with it. Whether buying in cash or through mortgage payments, taxes can still be due on this type of property transaction. According to if the sale price…

Can a Title Company Remove a Lien? One’s legal claim, known as a lien, must certanly be held and secured by one creditor to be able to remove it. Consequently, the title company is in charge of making sure all liens are collected and released during closing in order that potential difficulties with payments or…

How Long Can a Rental Property Be Vacant? When renting out a residential property, the biggest worry for landlords is just how long their rental will remain vacant before incurring losses. There’s no definitive answer to the question as this will depend on various elements including location, market trends and target tenants. It is advisable,…