Budgeting Your Project

Tax Lien Sales FAQ

When overdue taxes go unpaid, many tax collection jurisdictions utilize tax lien sales to secure the tax. In these earnings, people buy exemptions from the properties . Property owners should pay off the amount of the debt and interest as a result of purchaser of the tax lien. The tax lien is removed once payment is made. Various jurisdictions set special rules and procedures for how earnings are conducted, and they often answer questions obtained from interested people. When Are Earnings Held? State and county taxing bodies often decide on a program for tax lien sales. Sales might be run once a year or once every three months. The earnings are often held on a certain day. For instance, as of 2010, Greenlee County, Arizona, holds earnings annually during the second week of February. Sales often start in the morning. Greenlee County starts its tax lien earnings at 9 a.m….

Budgeting Your Project

Mineral Rights Leasing Tips

Often, when a business wishes to extract minerals, such as oil, gas or coal, by a piece of land, they’ll, rather than purchase the property outright, lease from its owner the land’s mineral rights. This provides the firm with all the right to harvest specific kinds of minerals in the land for a predetermined period of time. Though mineral rights can be a lucrative source of revenue, landowners must keep in mind several important hints before signing a rental. Take Your Time Though mineral rights leasing holds out the allure of fast money, from the beginning you must bear in mind that the process of settling with regards to the lease can last a very long time, up to several years. Oil and gas companies generally have time lines for projects, often measuring in the years. Try not to be impatient and do not be hasty in signing anything. Field…

Budgeting Your Project

How Do You Sell Your House After Performing a Reverse Mortgage?

A reverse mortgage will help a elderly homeowner pay bills or make repairs. A reverse mortgage is a loan taken out against a home’s equity, or part of the home’s value free of additional liens. Reverse mortgages are available only to borrowers ages 62 and older. Unlike conventional mortgages, where a large sum is provided to the borrower at once and repaid over time, reverse mortgages possess the lender paying the borrower a predetermined amount every month until the loan sum is reached. Estimate how much you really owe. The pay structure of a reverse mortgage ensures that you owe no more than what you’ve received on the loan to date, and interest and other fees the lender may charge. Assess your loan documents. Verify the interest and additional fees your lender charges monthly. Start looking for any fees that can be charged if you pay off the loan until…

Budgeting Your Project

Step-By-Step Mortgage Process

There are many actions to consider when applying for a mortgage. From the program and preapproval process, to acceptance, financing, and finally the closing of this loan, it is a long and intense procedure. The more organized and ready you are for this particular procedure, the easier it will be. Pick a trustworthy loan advisor or mortgage agent that will assist you get through the loan procedure. Don’t hesitate to comparison shop. This is one of the significant purchases of your life, and you’ll wish to be certain you are getting the best possible thing. Explore all of your options as each type of lender offers different loan products. Collect information from banks, mortgage brokers, credit unions and government loan programs. Order a copy of your credit report or have your own loan adviser get it for you. Review the report and make certain that there are no errors. If…

Budgeting Your Project

How Can I Pay Down Principal on a House Equity Loan?

Home equity loans serve a function. In case a homeowner is financially secured, he can take a loan out from the equity in his house to make major home repairs, pay medical expenses, or repay high-interest credit card debt. Obtaining a house equity loan off early is not difficult for the homeowner who has a strategy. Refinance the loan. Explore APR, or the yearly percentage rate, of home equity loans. If it is possible to locate an interest rate that’s a lot lower than the one you currently possess, decide whether it might be well worth refinancing to the lower rate, factoring in points and closing prices. Even with the reduced payment, continue to make the same monthly payment you were making previously so as to pay off the loan more quickly. Pay 1/12th extra each month. Pay your monthly payment, but include 1/12 more, along with a note requesting…

Budgeting Your Project

Contractor Tips: 10 Strategies to Get the Remodel You Need for Less

Everybody knows remodeling is expensive, but it usually ends up becoming even more expensive than you thought. So, how can you get the home you desire while adhering to a strict budget? Take some advice from this contractor — the tips below will help you complete your job without veering off your strategy. Buckminster Green LLC 1. Complete the Strategy. The more time spent exercising and finalizing the program with your architect and contractor, the more time you’ll have to find cost savings and avoid expensive change orders down the road 2. Locate a contractor willing to value engineer your job. Value engineering is when the design group, you and the contractor discuss creative ways to achieve the design intent for less. Be frank about your financial plan from the beginning — if you discover a builder that you wish to work with and he knows you are serious about…