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Robert Bruss: When an unrecorded deed might be valid
Published 07/30/2006 at midnight
“Is my 18-year-old, unrecorded deed any good?” That was the question asked in a letter I received recently. The reader said she was given the deed to some farm land years ago by a relative on the condition the deed ...
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Robert Bruss: Book explains home buying for women
Published 07/30/2006 at midnight
Written exclusively for single women who think they want to buy a house or condominium, “The Single Woman’s Guide to Real Estate” by Donna Raskin and Susan Hawthorne explains virtually everything prospective home buyers need to know before deciding to ...
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Robert Bruss: Don't cut yourself off from half of the home buyers
Published 07/30/2006 at midnight
DEAR BOB: My wife and I are thinking about listing our $425,000 home for sale with a real estate agency, which charges a $1,995 commission. They will list our home for 30 days. During the 30 days, we can sell ...
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Robert Bruss: Does flood exclusion bar homeowner's hurricane damage insurance claim?
Published 07/30/2006 at midnight
In June 2005, Elmer and Alexa Buente bought their home and purchased a homeowner’s insurance policy from Allstate Insurance Co. The policy was purchased from Allstate agent Brenda Pace who assured them the policy included hurricane damage coverage.
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Robert Bruss: Co-owner must prove 'ouster' of fellow co-owner
Published 07/23/2006 at midnight
Leonard and Jennie Preciado are tenants in common with a niece, Elizabeth R. Wilde, in two adjoining properties. A house originally stood on one property, but it was torn down after Wilde’s father, who lived in it until 1984, passed ...
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Robert Bruss: Don't worry about estate tax on inherited house
Published 07/23/2006 at midnight
DEAR BOB: Before my father died this year, he deeded his house into his living trust, of which my sister and I are successor trustees. His will stipulates that all his property and assets be divided equally amongst his four ...
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Robert Bruss: Condo pros and cons revealed by investor-attorney
Published 07/23/2006 at midnight
Don’t buy or sell a condominium, co-op or townhouse without first reading Ken Roth’s revealing new book, “Everything You Need to Know Before Buying a Co-op, Condo, or Townhouse.” Written by an experienced Florida real estate attorney and condo investor, ...
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Robert Bruss: Why title insurance is a necessary and sometimes costly evil
Published 07/23/2006 at midnight
Just about everybody understands the need to purchase automobile and homeowner’s insurance to protect against unexpected losses that are often more costly than most of us can afford to pay. We hope we never have to file an auto or ...
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Robert Bruss: Notice to homeowner required before sale for unpaid taxes
Published 07/16/2006 at midnight
For more than 30 years, Gary Kent Jones owned the house at 717 North Bryan St. in Little Rock, Ark. He lived there with his wife until they separated in 1993. Jones then moved to a nearby apartment. His wife ...
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Robert Bruss: Realtor says raising the commission pays off
Published 07/16/2006 at midnight
DEAR BOB: As a Realtor, I want to thank you for your recent item about the drawbacks of cutting home sales commissions below the customary rate in the community. My specialty is listings. I find working with buyers is much ...
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Robert Bruss: Home builder shows how to save 25 percent
Published 07/16/2006 at midnight
If you are thinking about building a new house, or renovating your current home, first read “Be Your Own House Contractor, Fifth Edition” by longtime home builder Carl Heldmann. This very valuable new book explains, according to the author, how ...
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Robert Bruss: How to buy a profitable house or condo
Published 07/16/2006 at midnight
“I can’t believe the mortgage company approved me to buy a condo in such bad shape.” That’s what I overheard a young lady tell her breakfast date at the coffee shop I like to visit on Saturday mornings. The place ...
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Robert Bruss: Can IRS take house fraudulently transferred to son?
Published 07/09/2006 at midnight
In 1992, Rosalina and Coriolano Verduchi owed $82,000 to the Internal Revenue Service for unpaid income taxes as determined by the U.S. Tax Court. While this tax debt was unpaid, they transferred title to their home to their son, Dennis.
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Robert Bruss: Should elderly couple pay off $100,000 home mortgage?
Published 07/09/2006 at midnight
DEAR BOB: We have learned so much about real estate over many years from your concise articles. But now we need your advice. I am 72. My wife is 65. We have $160,000 in three-month T-bills. Should we use that ...
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Robert Bruss: Book reveals pros and cons of being a mortgage broker
Published 07/09/2006 at midnight
If you think being a mortgage broker is an easy, high-income job, read “The Complete Idiot’s Guide to Success as a Mortgage Broker” by Daniel S. Kahn and Marian Edelman Borden. This new book reveals the benefits and drawbacks of ...
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Robert Bruss: Probate property profit secrets
Published 07/09/2006 at midnight
Are you a real estate agent looking for listings with little or no competition? Are you a home buyer searching for a below-market-price residence few other buyers know about? Can you keep a secret? If you answered “yes” to two ...
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Robert Bruss: Is homeowner entitled to a prescriptive road easement?
Published 07/02/2006 at midnight
In 2000, Richard and Lilia Aaron bought their residential property. The only access to a public road over their land is a one-half-mile-long steep driveway, which is difficult to use, especially in inclement weather.
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Robert Bruss: Pros and cons of joint-tenancy home ownership
Published 07/02/2006 at midnight
“How would you like to take title to your new home, Mr. and Mrs. Buyer?” the attorney or title closing settlement officer asks. Thinking fast, you wisely ask, “Well, how do most married couples take title?” The reply is usually ...
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Robert Bruss: Consider pros and cons before buying or selling a summer home
Published 07/02/2006 at midnight
Just in time for the peak summer season for buying and selling vacation cottages, Douglas Hunter wrote the ultra-complete “The Cottage Ownership Guide.” When I first spotted this well-designed book in a major bookstore, I thought perhaps it was about ...
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Robert Bruss: Don't forget to 'fund' your living trust with home title
Published 07/02/2006 at midnight
DEAR BOB: About two years ago, I set up a revocable living trust and placed my checking, savings and stock brokerage accounts in it. But I recently realized the title to my condominium is not in my living trust. What ...
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Robert Bruss: Is city liable to homeowner for city sewer backup damage?
Published 06/25/2006 at midnight
David and Suzanne McKenna own their home on Maybell Way in Palo Alto, Calif. Their residence suffered serious damage as the result to two backups of the city sewer serving their home. After the first backup, their homeowner’s insurance company ...
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Robert Bruss: Have you checked your easements lately?
Published 06/25/2006 at midnight
Not too long ago, a neighbor asked if I knew where our sewer and storm drains are located. He apparently wants to adjust the drainage on his property to drain into the public storm sewer drain, which I knew adjoins ...
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Robert Bruss: Quit claim deed can convey everything or nothing
Published 06/25/2006 at midnight
DEAR BOB: How can I find out the details of a quit claim deed I signed in an attorney’s office in 1990? I found out recently it was never recorded. The attorney at whose office I signed the quit claim ...
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Robert Bruss: Book reveals list of 700 Internet mortgage lenders for investors
Published 06/25/2006 at midnight
The latest book from longtime real estate author Tyler G. Hicks, “How to Acquire $1 Million in Income Real Estate in One Year Using Borrowed Money in Your Free Time,” is really about how and where to obtain mortgage money ...
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Robert Bruss: Is homeowner's insurer liable for negligent investigation?
Published 06/18/2006 at midnight
Magda Benavides purchased her ground floor condominium in 1994. Seven years later, mold was found in the exterior walls adjacent to her unit. Benavides’ physician advised her to move out. She submitted a claim to her condominium owner’s insurance company, ...
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Robert Bruss: Which home mortgage fees are proper?
Published 06/18/2006 at midnight
DEAR BOB: Which home mortgage fees are proper for a lender to charge borrowers? I recall you said some fees are unnecessary junk or garbage fees to avoid. DEAR STEPHEN: Mortgage lenders are constantly working 24 hours a day, seven ...
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Robert Bruss: Book reveals how to improve your home's curb appeal
Published 06/18/2006 at midnight
If you are a home seller, real estate agent or a homeowner who cares about how a home looks from the street, “Curb Appeal Idea Book” by Mary Ellen Polson will anticipate your questions and help you show a home ...
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Robert Bruss: How to steal your neighbor's property and avoid jail
Published 06/18/2006 at midnight
“Thou shalt not covet thy neighbor’s property” is part of the Ten Commandments. But real estate law in every state says it is all right to steal your neighbor’s land without going to jail if you comply with state law. ...
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Robert Bruss: Must homeowner's insurer pay for garage fire damage?
Published 06/11/2006 at midnight
Homeowners Derrick and Carol Scott have a homeowner’s insurance policy with Allstate Insurance Co. On April 16, 2004, a fire severely damaged their home and its contents. Derrick Scott stated that on the day of the fire he noticed a ...
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Robert Bruss: There is a protocol for choosing realty agent to list home for sale
Published 06/11/2006 at midnight
DEAR BOB: What is the protocol procedure for choosing a real estate agent to sell my house? Is it OK to interview maybe three agents and let them know I will choose among them? If I am dissatisfied with the ...
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Robert Bruss: Book reveals top 100 best towns to raise your family
Published 06/11/2006 at midnight
If you can move any place in the United States to raise your family, first read “Best Places to Raise Your Family,” by Bert Sperling and Peter Sander. This unique book reveals the top 100 best towns for families, based ...
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Robert Bruss: Why hasn’t my home sold yet?
Published 06/11/2006 at midnight
Spring is the traditional peak sales season for houses and condos. Summer is also usually very good until the traditional August slump, especially for families who want to relocate before school starts. More prospective home buyers are in the market ...
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Robert Bruss: Book details how to get a home mortgage
Published 06/04/2006 at midnight
If you are a home buyer, homeowner, or residential real estate sales agent, there should be a law requiring you to read David Reed’s new mortgage insider secrets book, “Who Says You Can’t Buy a Home?” Written by an experienced ...
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Robert Bruss: Which is best deal for aging mother?
Published 06/04/2006 at midnight
DEAR BOB: My stubborn mother, 78, owns her home free and clear, is alert and in quite good health. The house is worth about $450,000. When I recently visited her (I live about 1,500 miles away so don’t get to ...
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Robert Bruss: Cutting sales commissions has its drawbacks
Published 06/04/2006 at midnight
A few days ago I received an e-mail from a very smart reader. I know he is smart because his e-mail address says “post.harvard.edu,” which presumably means he graduated from Harvard. He asked if real estate listing agents would reduce ...
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Robert Bruss: Must church be allowed to locate in industrial zone?
Published 06/04/2006 at midnight
The Petra Presbyterian Church bought a building to relocate their church. But the property is in the middle of an industrial zone that does not permit churches. Petra is a predominantly Korean congregation. It currently conducts its worship services, and ...
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Robert Bruss: Humorous realty sales book has a negative slant
Published 05/28/2006 at midnight
When I began reading “Buyers are Liars and Sellers are too!” by long-time real estate broker Richard Courtney, I thought that at last home sellers, buyers, and realty agents would discover the full story about the home sales business. Lest ...
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Robert Bruss: Do homebuyers need their own 'buyer's agent?'
Published 05/28/2006 at midnight
During this peak season when more houses and condos sell than during any other time of this year, prospective home buyers (especially first-timers) often wonder how to go about purchasing their first homes.
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Robert Bruss: Does insurance fungus exclusion include mold damage?
Published 05/28/2006 at midnight
The Church of the Palms discovered extensive mold damage in one of its buildings, which is insured under an all-risk policy with the Cincinnati Insurance Co.
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Robert Bruss: Without a will, you are at mercy of probate court
Published 05/28/2006 at midnight
DEAR BOB: My husband and I have a home mortgage with our names on it, but the house title is in my husband’s name. We have no wills. What would I have to go through if he passed away? — ...
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Robert Bruss: How to get the best appraisal of your house or condo
Published 05/21/2006 at midnight
A few weeks ago I enjoyed lunch with one of my favorite Realtors. During our conversation, she told me about a home sale she recently closed in an upscale neighborhood for thousands of dollars above any previous sale price in ...
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Robert Bruss: Buying a replacement principal residence won't avoid tax
Published 05/21/2006 at midnight
DEAR BOB: Due to a job promotion and transfer we must sell our house of 21 years. Our nice problem is the net profit will be about $625,000. My wife and I are aware $500,000 of that amount for a ...
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Robert Bruss: Attractive 'Apprentice' is really a realty risk taker
Published 05/21/2006 at midnight
If you think Kendra Todd is just a pretty winner’s face you saw on Donald Trump’s “The Apprentice” television show, her new book “Risk and Grow Rich” will change your thinking. This 27-year-old tycooness is a very savvy real estate ...
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Robert Bruss: Must homeowner's insurer pay shooting victims?
Published 05/21/2006 at midnight
John S. Keck went to the home of his ex-girlfriend Karen Adams to demand she choose between him and her new boyfriend Andrew Slentz. Adams chose Slentz. Keck left and returned 30 minutes later with a rifle. He shot at ...
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Robert Bruss: Can city prohibit 'unsightly' wireless antennas?
Published 05/14/2006 at midnight
Sprint PCS offers wireless cellular phones to customers. To provide service, the company must install wireless facilities in its coverage areas. Representatives of Sprint submitted five applications to local building officials. Two were approved by the city. One was withdrawn, ...
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Robert Bruss: No home sale tax exemption for 'significant other' not on the title
Published 05/14/2006 at midnight
DEAR BOB: My “companion,” age 67, and I (age 66) have been living together in his house for the last four years. Although we dearly love each other, if we get married we have been told our Social Security and ...
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Robert Bruss: Book reveals how you home can pay for retirement
Published 05/14/2006 at midnight
If you or your parents own a house or condo and don’t consider it to be a “money machine,” you probably haven’t read “Retire on the House” by Gillette Edmunds and Jim Keene. As the authors emphasize, most homeowners look ...
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Robert Bruss: How to avoid buying a bad house
Published 05/14/2006 at midnight
Have you ever bought a bad “lemon car“? I have. Several in fact. Fortunately, I was able to either get my money refunded or trade for a better car. But getting out of the purchase of a “bad house” isn’t ...
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Robert Bruss: Book reveals good and bad about becoming an appraiser
Published 05/07/2006 at midnight
If you think you might like to become a real estate appraiser, first read “How to Get Started in the Real Estate Appraisal Business” by Daniel J. Nahorney. After you learn how difficult it is to get started and the ...
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Robert Bruss: Can bed-and-breakfast inn owner claim dual-use tax deductions
Published 05/07/2006 at midnight
Charles and Sandra Anderson bought the Eureka Street Bed and Breakfast Inn in Sutter Creek, Calif. They, and Sandra’s parents, use part of the 5,664-square-foot house as their personal residence. Their bed-and-breakfast guests use the rest of the house.
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Cape Romano's infamous dome home
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