What Is a Condemned House?

A condemned house is a property that a government entity has determined is unsafe. In most cases, condemning a house is triggered by a pattern of hazardous housing code violations. No one can live in a condemned building unless the cited problems are fixed. If the issues are not corrected on time, the occupants will […]

What Is a Deed in Lieu?

Are you trying to prevent foreclosure? One of your options is a “deed in lieu.” A deed in lieu is a legal process in which a homeowner voluntarily transfers the title of their property to the lender to avoid foreclosure. The lender then has the right to sell the property and recoup the amount borrowed. […]

What Taxes Do I Pay When I Sell My Home?

When you decide to sell your home is one of the most important decisions and life changes you can make. Whether buying a bigger home because there is not enough space in your current residence or downsizing as your children go off to college, selling a home is a big event. One of the most […]

5 Mistakes to Avoid When Downsizing

Are you thinking about downsizing your home? Maybe you’re entering a different life stage, or your home is too expensive. Either way, downsizing your home is a big step. You need to consider some challenges when deciding if downsizing is right for you. Here are some of the most common mistakes that you should avoid. […]

“For Sale by Owner” (FBSO) Mastery

What Are Some Tips for Selling Your Home “For Sale by Owner”? These days, real estate agent commissions can get expensive — up to 6% of your home’s sale price in some areas. In Tulsa, where the average home sells for around $137,000, a 6% realtor commission can snatch over $8,000 out of the average […]

What Is the Foreclosure Process in Oklahoma?

Foreclosure happens when a homeowner fails to pay their mortgage payments, and the mortgage lender begins repossessing the home. Each state’s laws and regulations dictate how the foreclosure process works. In Oklahoma, the mortgage lender determines whether the foreclosure process is judicial, meaning the courts are involved, or nonjudicial, which happens outside the court system. […]

Are Cash-for-Houses Companies a Scam?

One of the fastest ways to sell your home is to sell it to a real estate investor. Many homeowners prefer this method because it helps them avoid foreclosure and save money on real estate commissions, expensive renovation, and repairs. Unfortunately, not all cash-for-house buyers are legitimate, and plenty of scammers exist. If you decide […]

6 Ways to Prevent Foreclosure

If you are late on more than three mortgage payments, your mortgage lender can file a notice of default, which means the foreclosure proceedings have begun. Going into foreclosure is scary. However, being late on payments and receiving a notice of default does not automatically imply foreclosure will be initiated. Here are 6 options to […]

The 5 Advantages of a Cash Offer on Your House

When you sell a home, there are two types of offers: mortgage and cash. A mortgage is a traditional offer on your house in which the buyer needs to secure a mortgage to get the property. But a cash offer is even better: The buyer already has the cash to complete the purchase. Here are […]

Should I Rent or Sell My House?

Many homeowners eventually find themselves faced with the same question: Should I rent, or should I sell? There’s an appeal to both options. If you rent, you get a passive revenue stream. If you sell, you get money in a lump sum. There are a lot of things you need to consider when renting or […]