It can be a major financial windfall to inherit valuable property such as a home, securities, bank accounts, and retirement accounts from a deceased relative. When selling an inherited property in Warren, MI, such as a home, you may need to follow a complicated and sometimes lengthy procedure to convert it to cash.
Do you live in Macomb County MI? No one will argue that 2020 was a turbulent year for real estate due to the pandemic. Real Estate was deemed essential, but homeowners were skeptical about listing their property and virtual showings became more popular.
Bankruptcy is one of the most humbling experiences a person or company might go through. In the country, there are two types of bankruptcies that private individuals file for: chapter 7 and chapter 13.
For a lot of Americans, foreclosure is an unfortunate reality: more often than not, homeowners either file for bankruptcy or lag behind mortgage payments because of factors out of their control. That being said, when foreclosure starts becoming more and more likely, it’s best to sell your home so as to at least reduce your liabilities with your lender.
Planning to remodel your home?
You’re not the only one. According to a study by Harvard University’s Joint Center for Housing Studies, Americans’ total spend on home remodeling projects will rise from $332 billion from the third quarter of 2020 to $337 billion in the second half of 2021.
When you’re a landlord, sometimes you can’t avoid that bad tenants would show up at your office doors every now and then. As a result, issues like damaged interiors and past-due rent checks occur.