
17 July 2023 | 4 replies
But, quick search on "transfer on death deed" it seem to work like any other TOD instrument.

15 May 2011 | 7 replies
The will provides that part or all of the decedent's estate will go to a trustee who is charged with administering the trust property and making distributions to designated beneficiaries according to the provisions of the trust.To create a legal trust you will need a trustor, trustee, beneficiary, trust property and trust agreement.You can be appointed as Trustee and run all the day to day business affairs of the Structure or you can appoint another.The trustee has no personal liability in their capacity so long as they operate within the bylaws of the contract on behalf of the trust.A trustee normally will act in accord with the express terms of the trust instrument; act impartially, administering the trust for the benefit of all trust beneficiaries; administer the trust property with reasonable care and skill, considering both its safety and the amount of income it produces; maintain complete accounts and records; and perform taxpayer duties, such as filing tax returns for the trust and paying required taxes.When using a land trust it is best not to name yourself as trustee because A trustee in general must administer the trust property only for the designated beneficiaries and may not use trust principal or income for his or her own benefit.

28 July 2023 | 16 replies
They then proceed to eliminate unsuitable options, usually in the following order:Rent Range - If the person can afford $1,800 per month, they will eliminate properties with an asking rent that exceeds this amount.Property type - If a person has a wife and two children, they are unlikely to consider one-bedroom properties.ConfigurationLocationEven if there are hundreds of available properties, after applying the above housing requirement filters, only a few properties will remain.

28 July 2023 | 9 replies
As Opposed to states like CA AZ NV OR WA where a purchase money debt instrument for an owner occ no deficiency can be obtained the lenders sole remedy is the property in case of default and foreclosure.

25 August 2022 | 11 replies
FHA guidelines require a borrower to establish bona fide occupancy in the home as the borrower’s principal residence within 60 days of signing the security instrument, with continued occupancy for at least one year.With that said, there is an opportunity to house-hack (example: purchase a multi-family home with the FHA, live in one unit, and rent out the others).

13 August 2019 | 2 replies
A trust is a living instrument and mistakes are costly to undo - and some cannot be undone.

13 July 2023 | 7 replies
Any instrument purporting to transfer the owner's right of redemption is void.

25 May 2019 | 11 replies
My property management team in Chattanooga has helped supplement the knowledge I gained from my agent whos local to the area and is instrumental to my successes.

9 July 2023 | 9 replies
Most if not all Architects treat their drawings/CAD files as instruments of service and won’t just hand them over.

13 January 2023 | 12 replies
The lease should also have terms about quiet hours, and acceptable levels of noise (the easiest way to deal with the noise issue is to not allow musical instruments, and to require everyone to use headphones instead of speakers).You can manage utilities in a variety of ways--the easiest is for the owner to have all the utilities in their name, and then charge the tenants a flat fee for the utilities.