Tag: Michael Kayem
Buying a home in “as-is” condition
Dear Michael: We are purchasing a home. The escrow officer tells me that as part of the closing steps we need to record title...
PUD vs. HOA
Dear Michael: I am buying a house located in a “P.U.D”. What is a PUD and how does will it affect my home?
Answer:...
IRS tax liens are tied to the property not the owner
Dear Michael: We are buying a new home. The seller asked if he can store his belongings in the garage for a period of...
Hiring a real estate agent to sell your home is a...
Dear Michael: We are in escrow on our first home. My brother has given us the funds for the down payment. The lender is...
Reverse Mortgage is a good option when retiring
Dear Michael: Can you let me know what are the advantages and/or drawbacks with regards to a reverse mortgage? I am getting a lot...
Condo’s Special Assessment is disclosed in the board’s meeting minutes
Dear Michael: We are in escrow on a condo, how can we find out if there are any pending special assessments?
Answer: When purchasing a...
Title search should be done on all properties
Dear Michael: I am closing escrow in two weeks and the tenants whom are occupying the property are moving out on the day we...
The importance of using a knowledgeable realtor
Dear Michael: We purchased our home two years ago in a Culver City zip code. At the time we were told by our real...
Understanding appraisal contingency removal
Dear Michael: I am renting an apartment and my lease is set to expire at the end of July. My landlord has informed me that...
Square footage should be calculated by a licensed appraiser
Dear Michael: I signed a listing agreement, but am having second thoughts about selling. How do I cancel my listing? And will it cost...
