Real Estate Blog - Smith Mountain Lake -Dutch Colonial-Minutes …
TheVanTeam at Smith Mountain Lake Real Estate -Virginia (Long & Foster REALTORS- Smith Mountain Lake). Find Homes for Sale in your city : … financing (1), fireworks (1), first time home buyers (1), fishing (2), foreclosure (1), foreclosures (1), franklin (4), franklin county (4), free time (1), goodview (1), government (1), hales ford bridge (1), hardy (2), homes (1), hud (1), huddleston (1), inventory (1), lake (9), lakefront (2), last minute (1) …  read more…

Real Estate Blog - Condo Trends: New Development Hits Hudson …
As condo sales continue to hit bottom on resales in metro area after metro area, New Jersey water front is still all the rage across from the Big Apple. A piece in the Hudson Reporter states that “the resurrection of …  read more…

Real Estate and Home Improvement Articles » Blog Archive » Lake …
There is so much history to the Lake George NY area. While on a trip one year riding around with no real destination in mind, I found myself in front of Fort Ticonderoga (fort-ticonderoga.org). Being very interested in …  read more…

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Profiles in Urban Redevelopment : Mueller Austin
What once was an airport is now an inner city place to live and work. The Robert Mueller airport opened for business in 1936. It served Austin and surrounding cities for 63 years before being closed…  read more…

Riverbend At Lake Hickory, Granite Falls North Carolina - NC Lakefront Real Estate Information
Riverbend at Lake Hickory, Granite Falls North Carolina is a beautiful and exquisite waterfront community. This luxurious community will include large estate style lots and houses built by some of the…  read more…

Utah Investors: When Renting Out Your Property, How Much Should You Keep in Reserves?
As a landlord with my own personal rental properties, and as a property manager for some of my investor clients, I see all kinds of expenses that can arise without warning in the rental world. Vacanc…  read more…

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Resolved Question: Real estate Legal advice?
I agreed on a purchase price for a home for $500,000.00. I had a home for sale for the same price. I was wanting to wait to move into the new home after I sold my house. The owner was adamant I moved into the new home in April 1, 2008. We agreed on a price of $10,000.00 a month which I started paying in December of 2007, and have every month since. So I have paid $100,000.00. I went to his lawyers office which is in the same office as my lawyer. I asked my lawyer if it was ok to sign the Buy Sell agreement. He said it was a basic agreement. I knew I had to get financing by 12/15/08, or I would lose my money paid toward the purchase of the new house minus some Interest. The seller moved out of his house and left everything but their personal photos. The seller is regarded as a multimillionaire. I thought it odd he and his wife would move out and leave everything and move into a 14′x60′ mobil home! The agreement listed in the Buy Sell agreement the purchase price of the furniture for $20,000.00. He was insistent we move into his home on April 1, 2008. We did. A few months later the sheriffs office started attempting to deliver papers to the Seller. They left a set of papers with my wife for us to deliver to the Seller. I couldn’t help but read this suit. It was for the sum of almost $500,000.00 for a personal guarantee they made on a loan with a major US bank. I called my lawyer, he told me to return the papers to the sherriffs office. The next day, the sherrifs office came back to my home to drop off more papers. I returned the papers to the sherrif. The officer replied they had several more to serve to the Sellor and his wife. I hired a lawyer to investigate this situation. It was found Sellor was being sued for about $1,000,000.00. The house I am paying $10,000.00 a month on also had up to a $50,000,000.00 attachment for a real estate deal he was doing on condo construction. He denied he was being served papers. He said they were someone elses. I saw the paper. They were his!
Since, Sellors sister told me Sellors condos have a huge note on them, and the loan has been called. Sellors sister was concerned because her father built a new home and the same Sellor of my home, still owns the land fathers house is built on. Sister went to court house and said all of the property my new house, and her fathers house is on is tied up with the called note. I also found out he has a Line of Credit of $350,000.00 tied up in my home also. Sister found out Sellor has been taking $10,000.00 out of fathers account, as he has POA.
Sellor has started building a new home, but construction has stopped with bricks 4′ high. So I knew something was wrong with his finances.
He has been urging, even calling banks and setting up appointments for me to go and try to get financing on the home Sellor owns. I cant get financing on this home, because I havn’t been able to sell my house.
I am in the process of moving out, as Sellor has put everything he has up for sale. Sellor called me and told me I can move out, but this house is mine. I would have to keep making the $10,000.00 payments however until I sell Sellors house. I am out $100,000.00.
My lawyer and I met today, and he said the Buy Sell contract I signed didn’t have the usual terms in it to give me an out if I couldn’t get financing. The lawyer didn’t see this and didn’t advise me it needed to be in the contract before I signed it. Sellor is saying he will sue me for Specific Performance.
I have moved out the furniture from Sellors house, as the 1st two payments went to purchase of the furniture.
I also had a banker who was wanting to finance Sellor’s house for me, but it was found the 20′ of lake front was retained by Sellor. My banker informed me he couldn’t finance the property because the property had to go to the lakes edge.Seller told me I had a nice boat landing on the water. He didn’t say I could use it, that it was his!
What are my options if any except pay for the Sellors house? My lawyer told me I can’t list the home because I don’t own it.
Do I have any other options? Any Recommendations?
Thank you all very much.

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Resolved Question: looking for cheap waterfront real estate in Vermont/ new Hampshire area under 20k?
i looked at several different real estate sites and found no results for water front properties that are under 20000. im looking for any type of house as long as its in a non community location and on a lake the house can be in any condition or abandoned. where else should i look?
i found several houses that are close to that price range however they are often in communities im looking for a house for that price thats in a private location and on a lake with a water front

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Resolved Question: Sell my cottage now or keep it as investment and sell later on?
I own a lake-front cottage near Grand Bend, Ontario Canada that was recently appraised at $ 575,000.

My question quite simply is should I sell it now because from what I understand real estate, especially luxury real estate like cottages are at their highest point right now for resale and they are expected to flatten out or even go down in prices over the next few years due to the uncertain economy. Or do I keep it and ride the calm wave of the upcoming downturn in the economy and hope that after the downturn cottage prices go up even higher in the future. The cottage is only costing me maintenance at this time and property taxes and utilities, other than that it is completely paid for with no mortgages or loans against it.

Do I keep it and earn basically no return on the thing over the next 3 years anyhow until the economy turns around and prices head back up or sell it now and put the over $ 500k into a mutual fund or a interest bearing GIC account and make some return on the thing

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