All Forum Posts by: George P.

 no assumptions, common practice.

https://www.trulia.com/voices/Financing/What_happens_if_the_Seller_Lender_Contribution_tow-285846

 it's buyer's title co. 

Thank you

Thank you, Mark. Thing is, they can use up to 10k to pay for closing costs etc, but can't keep the leftovers. Hence I want to know if they use all of 10k or some will be refunded to us. 

Is there a law that specifically prohibits the closing company not to disclose the buyer's itemized closing costs ? We are contributing a rather large sum to the buyer's closing (10k), and would naturally want to see how much of this sum will not be used by the buyer. Our agent quotes some NEW law that supposedly protects buyer's financial details. Title co (buyer's choice) takes their sweet time to answer questions, but sent us the castrated version of "ALTA Settlement Statement - Seller" (http://www.alta.org/trid/download.cfm?tridID=8&type=pdf) which excludes all the closing costs itemization.

Any insights from the pros?

THANK YOU!

The buyers are asking for the required expansion tank on the (gas) water heater to be installed. The unit was installed appx 3 years ago by the licensed plumber.

So I have googled and came across this page where it states: 

"The International Residential Code (P2903.4.2) requires the installation of an expansion tank on a hot water tank where thermal expansion may cause an increase in pressure. The tank is only required when the water supply system incorporates a backflow prevention device, check valve or similar device. Similar language can be found in the Uniform Plumbing Code under section 608.3."

Here is our heater's fact sheet and I don't see any of these devices.

Any help is appreciated!!!

Thanks!!!

P.S. Also, on a side note, we bought another property 3 months ago, with newer electric water heater w/o an expansion tank, and our inspector didn't make a not of it. So I am thinking one of the inspectors is wrong.

just a few websites from the google search

http://www.realtytrac.com/mapsearch/auctions/md/wo...

http://www.zillow.com/homes/for_sale/Worcester-Cou...

http://realestate.alexcooper.com/upcoming/foreclos...

tax sale https://www.co.worcester.md.us/departments/treasur...

but your best bet is to find whats sold at the courthouse (Alex Cooper handles some, but not all).

yes its (very) smelly

will the smell go away anytime soon?

or covering with white flat req'd to cover the source of smell?

primed the ceiling with oil-based Killz, and it look awesome.

I am thinking of skipping on painting it with my usual latex white flat to save time and money.

Any reasons I should not be skipping this step?

Thanks

Thank you

...if the tenant moves out, you spend about $4k to paint/repair walls and replace the carpet, but can't find a qualifying tenant within a month and decide to sell.

The intention was to keep the rental property, but since you didn't get any quality prospective tenants, you decide that selling is a better option. Seems that painting/carpet replacement in this case is not deductible, right?