Bank do finance For Sale By Owner deals in Canada but they might ask you for an appraisal before committing for a mortgage. When the bank does a regular deal the loan officer will ask for MLS listing printout to see the price of the property and even if the home was listed on the MLS but the price for the area is higher then normal the bank might ask for home appraisal as well.

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Looking for acreage plus house/outbuildings in boundary county idaho. other than checking papers and placing an ad, how do you locate them. we have been researching on the internet for a week and can't really zero in on "for sale by owner" sites/ads. the real estate companies want to push the property they list and won't tell you even if they know of any.

http://www.nohasslebargains.com/loan/real_estate_services.html Real Estate Services Financial Services

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Who pays the buyer's broker in a fsbo (for sale by owner) property? i noticed that for some fsbo properties, the seller clearly states no brokers. however, in this one property, the seller welcomes buyer's brokers. who will end up paying the buyer's broker fee? is it the buyer or seller?

The seller pays the broker fees.

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I and my father were joint owners of the property. after my father’s death i want to sale the property and i am ready to give legal rights / amount my sister & my stepmother. my sister is ready for the same but my stepmother is denying for it. i am ready to give more then the actual right but still she is not ready for it. so as a joint owner can i directly sale the property or i have to take help to court? please guide.

As this is property is registered in joint names it can be sold by both the holder of the property of their legal heir as the case may be. In this case you are one of the owner &; the other one was your deceased father, he has half the share in the property which after his death goes in equal proportion to his widow (step mother), yourself (son), and daughter (step Sister) thus each getting one share each of the half the property. In the present case the widow is not prepared for selling of the property even though she is offered more than her share value amount. The only option left here is to seek partition of the property in dispute, namely half of the property held in joint name amongst all the three legal class 1 Heir of the deceased Hindu. You will have to seek the legal redressal for this by filling partition suit and get appropriate order from the competent court. Till the decision of court the disputed portion of the property cannot be sold by you.

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My sister in law asked me to purchase their short sale home for them and i was wonder if that legal because if everyone doing that than the bank will loose more?please let me know before i decided to help her out.thanks.

You can not be related.

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I am buying a property from a for sale by owner.what is the rigth contract to used ?

The one your attorney drafts for you.

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I want to buy a small lot in a resort. the resort filed foreclosure for non-payment of dues not knowing (or checking to see), property has a mortgage. currently deed is in resorts' name, meanwhile, owner of property has filed bankruptcy. if i buy property from owner, will any amt. over loan balance go to bankruptcy or to property owner? or, can i even legally buy this property? is there a way to find loan balance since bank can't give out info. due to privacy laws?

Owner can NOT sell the lot, if his/her bankruptcy is still open. The bankruptcy Trustee administers the debtor's estate and is responsible for liquidating any assets (selling the lot). You need to get the owner's bankruptcy case number and court location, and contact the trustee overseeing the case. If the trustee sells you the lot, any proceeds over the loan balance will definitely go towards paying other creditors of the bankruptcy. Owner gets nothing. PS - bankruptcy filings are public info, so the current mortgage amount will shown in there somewhere.

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We are making an offer to purchase a property that has no liens, but the current owner has admitted to not paying her taxes for the last several years. my question is that when we complete the sale, are we responsible for those taxes that she had not paid, or are we getting the property free and clear of that debt? thank you! (fyi: we are in california if that matters)

The taxes have to be paid before the house can be sold. They can be paid from the sales proceeds.

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I am thinking of purchasing two condos. one for myself and one for an investment. right now there is a lady living in one that i could potentially get for around a 50% discount to market highs. if i do buy is there anything saying i can't rent it out to the previous owner? and would the banks not sell it to me if they got word of this? i can't think of any reason why this would be prohibited but i thought it would be worthwhile to ask. i am only hoping the lady could afford the rent.

That would be the lease of your problems in the purchase, To begin with in this current credit crunch , the vast majority of Condo’s do not qualify for a loan, so be prepared for an all cash deal , assuming a short sale is even feasible

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I would like to sell my home myself in a fast-moving neighborhood. but really don't want to pay a real estate agent. is there a way i can put it on the local mls for a fee? i'm sure it will sell quickly and i may consider giving the buying agent a commission. but due to the low value of the home, i doubt a listing agent will represent it well or lead buyers to it. i don't want to pay him/her a commission he/she doesn't deserve. i know a listing agent can be beneficial. the problem is there aren't any good ones in my area. i don't need assistance in marketing my property. most houses for sale like mine aren't featured in the local publications. agents focus on the expensive houses. often i see selling agents encourage the sellers to take a low ball offer. i know what my house is worth and what the ones in the area are selling for. i know what i will accept for the house. i know what to disclose about the house as well. like i said houses in my neighborhood move quickly. the fsbos go just as fast as the ones listed. thanks to everyone for their input.

Find a limited-services agent. Almost every larger town has one, or you can perhaps make a deal with a real estate agent to just list the property, for a fee, and agree that that will be the extend of your contract with them. For example, in our town, it costs $130.00 to list a $100,000. Why do you doubt the effectiveness of a listing agent? Your listing agent is a direct reflection of how much time you spend choosing one. Get recommendations, look at agents who seem to do a lot of business in your neighborhood. You might "consider" giving a buying agent a commission? That shouldn't even be a question. No agent in kingdom come will touch your house if you don't note "agents protected"; -- why would they waste their time showing their clients a home that they wouldn't receive a commission for? But hey, give it a shot. You might get lucky. Just remember that most FSBO's sell for about 16% less than they would have by an agent. I hope you are savvy when it comes to negotiating inspections and financing deadlines and thresholds, because inspections are where most deals fall apart. (The poster above who claims to work in a real estate office is probably the receptionist . . . )