Latest Posts Under: Real Estate News
“Definitely preventing me from buying right now that’s why I’m renting and happy to do so,” said Chicago renter Drew Schafer.
Schafer said he’s now holding off on buying a condo because of outstanding debt attached to properties.
The I-Team looked up the debt associated with Chicagoan Tom Harney’s home. It’s $124,000.
“When I look at that number coupled with my income tax, I ask myself why am I staying here and not going to a state that’s focused on keeping its people and growing. I don’t see politicians changing anything,” said Harney.
He can see that information because Cook County Treasurer
Did you know that your state may be holding property of yours — money, an uncashed check, jewelry or safe-deposit box items — that you need to claim? This happened to me: I stumbled upon a link on my state government’s website to check for unclaimed property. It was free to do so. I found my state was holding several dollars worth of items I could claim.
The total value of the unclaimed property is quite high. New York is holding on to $16.5 billion in lost or forgotten property, while California’s holdings are valued at approximately $10.2 billion. Florida returned claimed property worth $328 million last year. In 2019, the average claim paid was $1,780 according to the National Association of Unclaimed Property Administrators.
It takes less than two minutes
After you search for a home and settle on the perfect property, there’s still another search to perform: the title search. While the title search may not be as exciting as browsing those listings or dreaming of moving in, it’s a crucial step in a real estate transaction, and can have implications for your purchase if it turns up issues. Here’s what you need to know.
What is a property title?
A property’s title is the term used to describe the rights of the owner. It isn’t a document, like the deed, but instead “refers to the concept of ownership rights,” explains Megan Hernandez, director of marketing and public relations at the American Land Title Association.
If you’re buying a home, you want to make sure that the seller is the only one who has claim to the title. This confirms that there are no other claims or liens on
- Iowa Supreme Court bars warrantless police searches of trash
- Property buyers resort to extreme measures to beat stamp duty deadline
- Your state might owe you hundreds of dollars. Here’s how to check in under 2 minutes
- The crack threatening to bring the housing market crashing down
- BABY JOE: Deputy called to Daniels property after car parts found in ditch