Author: joycelynzepps5

Tax Consequences of Buying Your Parents’ House When one is thinking about purchasing a home from their parents, they need to take into account the tax consequences that come with it. Whether buying in cash or through mortgage payments, taxes may still be due on this type of real-estate transaction. According to if the sale…

Can You Turn Off Utilities on a Squatter? One may end up wondering if it’s possible to turn fully off utilities on a squatter. The clear answer typically depends upon the applicable state and local laws, however in most situations, it is yes. Before turning off the utility services from occupants who don’t hold legal…

What to Do with Utilities When House is Vacant They should assess the specific situation and make certain bills are paid, appliances aren’t damaged, and your house is looked after while they’re away when leaving their house vacant for a long period of time. To make certain none of the issues occur as a result…

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

Can a Hospital Put a Lien on Your House? As it pertains to medical bills, a hospital can attempt to place a lien on one’s house when they fail to pay for the bill. Which means any profits from the sale of their property would go towards paying off outstanding debt incurred by not investing…