Author: Jacob Michal

Selling A House In Joint Names Divorce In Louisville

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In most divorces, hard feelings between spouses make selling a Louisville house in joint names divorce difficult, as more often than not, one or both parties want to inflict as much emotional harm on the other person as possible. Unfortunately, the couple’s shared finances often take the brunt of this ax-grinding. When selling a house … Continued
the concept of doing due diligence for a real estate transaction and what the difference is between earnest money and a due diligence fee

Due Diligence Fee Vs. Earnest Money What’s The Difference

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Due diligence money is non-refundable, whereas earnest money is refundable if the buyer decides not to buy the home within the due diligence period. Earnest money is usually a much larger amount than the due diligence fee. During due diligence, buyers thoroughly inspect the property to make informed decisions, uncovering potential issues negotiated in the … Continued
A worried homeowner looking at visible termite damage on the wooden structures of their home.

2024: What Happens If Your House Failed A Termite Inspection

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A failed termite inspection indicates termite activity or damage, impacting the property’s value and integrity, requiring repairs and treatment. Repairs vary from minor to extensive, incurring significant costs. Additionally, the property’s market value may decrease due to termite issues, deterring potential buyers. Promptly addressing the infestation is essential to protect the property’s structure, meet legal … Continued
Small House on hand

Can A Lien Be Placed On A Property Inheritance?

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Yes, a lien can be placed on an inherited property if the deceased had debts or legal obligations that secured creditors’ rights to the property. When an individual passes away and leaves behind unpaid debts, creditors often have the right to recover what they are owed from the estate, which includes any inherited properties.  In … Continued
How big is 3 acres of land?

How Big is 3 Acres: Unveiling Its Dimensions

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How Big Is 3 Acres? 3 acres is 130,680 square feet or 12,141 square meters, to visualize a land size of three acres, imagine a couple of football fields to be exact 2.27 football fields. 3 Acres is big enough to build several large single-family homes or even a apartment complex or hotel! Depending on where … Continued

Stopping the Foreclosure Process: A Guide for Louisville Homeowners

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Stopping the foreclosure process of your Louisville home can be difficult, but not impossible. Dealing with the banks, negotiating terms, and stressing over your mortgage can feel completely unbearable, but luckily you have lots of options available to you. Foreclosure is more common than you might think and can affect millions of Americans every year. … Continued

4 Things to do if You Are Upside-Down on Your Mortgage in Louisville

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Whether you overpaid for the property in a bidding war, you’ve fallen behind on mortgage payments, or property values have dipped, being upside-down on your mortgage or owing more than the current market value is a less-than-ideal situation for homeowners. If circumstances force you to sell your house due to foreclosure instead of waiting out … Continued

Traditional Sales vs. Short Sales And Foreclosures in Louisville

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Home sales usually fall into one of three main categories: traditional sales, short sales, and foreclosures. For buyers, each has pros and cons, though generally speaking the cheaper properties are short sales and foreclosures. But if you’re a buyer, you need to keep in mind that these properties are usually cheaper for a good reason. … Continued

Avoiding Foreclosure: How Louisville Direct Property Buyers Can Help You Keep Your Credit Score Intact

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Facing foreclosure can be an extremely stressful experience for any Louisville homeowner. Not only does it mean the loss of a home, but it can also have a significant impact on one’s credit score and financial future. Fortunately, there are options available for homeowners facing foreclosure, including working with direct property buyers in Louisville. In … Continued

How to Sell Your House During Bankruptcy in Louisville

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If you own a home when you file for bankruptcy, it becomes part of the bankruptcy estate, the property or assets you own. In October of 2022, there was a twenty-seven percent increase in chapter 13 bankruptcy filings over the previous year. Bankruptcies, including all chapters, total a seven percent increase overall, which correlates strongly … Continued