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Tax Implications of Selling a House in a Trust Complete Guide

Can I Sell My House if It Is in a Revocable Trust? Yes, you can. If your home is in a revocable trust, you are still in control of it. This means you can sell it whenever you want, just like a regular homeowner. A revocable trust is a legal way to manage your assets, but it doesn't take away your rights to sell your home. Get A Free Mortgage Quote The main difference is that the home's title (the legal paperwork showing ownership) is in the name of the trust, not your personal name. So, wh
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What Does HOA Cover for a Townhouse?

If you are looking to purchase a townhouse, it is pertinent to know what the homeowners' association (HOA) really covers. Townhouses often come with an HOA, so it can be nice to know what you're paying for upfront to prevent unexpected expenses down the road. Get A Free Mortgage Quote This article will explain what does HOA covers for townhouse, what may not be included, and how these expenses could vary depending on where you reside. We'll keep things straightforward so you can make infor
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Quiet Title What It Is and How the Process Works

When you purchase a house or parcel of land, you want to guarantee that no one else can claim it in the future. Sometimes, there are doubts about the correctness or completeness of a property’s paperwork. At this stage, a quiet title process is available for assistance. It settles all questions about ownership and proves you have the right to the property. Get A Free Mortgage Quote We will discuss in this article the meaning of a quiet title, for what purposes it is used, its processes, an
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Mortgage Payoff Statement How to Request and Read It

If you're about to pay off your mortgage—whether you're selling your house, refinancing, or just want to be debt-free—you'll need a mortgage payment letter. It provides you with the exact sum that you must pay to pay off your debt. Get A Free Mortgage Quote This document describes a payment statement, discusses how to request one, and shows how to read one. It also offers a payoff statement example to help you understand. What Is A Mortgage Payoff Statement? The amount you must pay in
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How to Tell a Realtor You Chose Someone Else

It should be simple to buy or sell a house when you work with a real estate agent. However, things really don't work out at times. Maybe the agent is unreachable when you need them, doesn't know what you're seeking, or you just feel better at home with someone else. Get A Free Mortgage Quote It's extremely OK to switch. It's essential to know how to break up with a realtor in a polite and honest manner. Reasons to Consider Changing Realtors The following are some typical explanations
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What Paperwork Is Needed to Sell a House? A Seller’s Checklist

Selling a house can be exciting, but it also involves gathering some important paperwork. If you’re wondering do I need the original deed to sell my house? Or what other documents you will need, this article will walk you through everything in simple, easy-to-understand language. Get A Free Mortgage Quote Do I Need the Original Deed to Sell My House? A lot of people worry, “Do I need the original deed to sell my house?” The answer is: you don’t need the original paper copy. What matter
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