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Joanna's Team is the trusted name of buyers and sellers for the past 20 years!!! call 928-505-2777
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three mortgages at one time. Download TripleCalc now. It's
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Joanna's Team
is one of The Top Selling Real Estate Experts™
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First American Title Insurance Company of Mohave,
First American Title Insurance Company of Mohave, Inc.
72 South Lake Havasu Avenue
Lake Havasu City, Arizona 86403
Phone 928-855-3051
Fax 928-855-4160
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First Time Buyers >The Perfect House Home buyers must often deal with deferred maintenance or repairs. For example, you may have found a terrific house and like many competent home buyers, you included a structural inspection contingency in your purchase agreement. What happens when you find out that your "perfect" house needs some work? Do you ask the sellers to pay for the repairs? Before you answer "yes", there are some important considerations.
Some contracts require that all of the home's systems, such as plumbing, heating, electrical and central air conditioning, be in working order. In this case, the sellers may be obligated to repair any problems with these systems. Leaky roofs, damp basements, or other structural problems may not be covered, however. If you ask the sellers to make these types of repairs, you may void the contract by doing so. The sellers might prefer to negotiate the repairs to keep from losing the sale. If there are other buyers waiting in the wings with back-up contracts, you run the risk of losing the home.
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| Q |
What is an encumbrance against a property, which may be voluntary or involuntary?
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| A |
There are many different kinds of liens: a tax lien, a judgment lien, a mortgage lien, and a mechanic's lien. |
 See More Real Estate Trivia > |
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