home equity. Why? Certain
Home Equity Scams: Borrowers Beware! Home Equity Loans : Borrowers Beware! D o you own your home? If so, it's likely to be your greatest single asset. Unfortunately, if you agree to a loan that's based on the equity you have in your home, you may be putting your most valuable asset at risk. Homeowners-particularly elderly, minority and those with low incomes or poor credit-should be careful when borrowing money based on their home equity. Why? Certain abusive or exploitative lenders target these borrowers, who unwittingly may be putting their home on the line. Abusive lending practices range from equity stripping and loan flipping to hiding loan terms and packing a loan with extra charges. The Federal Trade Commission urges you to be aware of these loan practices to avoid losing your home. The Practices Equity Stripping You need money. You don't have much income coming in each month. You have built up equity in your home. A lender tells you that you could get a loan, even though you know your income is just not enough to keep up with the monthly payments. The lender encourages you to "pad" your income on your application form to help get the loan approved. This lender may be out to steal the equity you have built up in your home. The lender doesn't care if you can't keep up with the monthly payments. As soon as you don't, the lender will foreclose-taking your home and stripping you of the equity you have spent years building. If you take out a loan but don't have enough income to make the monthly payments, you are being set up. You probably will lose your home. Hidden Loan Terms: The Balloon Payment You've fallen behind in your mortgage payments and may face foreclosure. Another lender offers to save you from foreclosure by refinancing your mortgage and lowering your monthly payments. Look carefully at the loan terms. The payments may be lower because the lender is offering a loan on which you repay only the interest each month. At the end of the loan term, the principal-that is, the entire amount that you borrowed-is due in one lump sum called a balloon payment. If you can't make the balloon payment or refinance, you face foreclosure and the loss of your home. Loan Flipping Suppose you've had your mortgage for years. The interest rate is low and the monthly payments fit nicely into your budget, but you could use some extra money. A lender calls to talk about refinancing, and using the availability of extra cash as bait, claims it's time the equity in your home started "working" for you. You agree to refinance your loan. After you've made a few payments on the loan, the lender calls to offer you a bigger loan for, say, a vacation. If you accept the offer, the lender refinances your original loan and then lends you additional money. In this practice-often called "flipping"-the lender charges you high points and fees each time you refinance, and may increase your interest rate as well. If the loan has a prepayment penalty, you will have to pay that penalty each time you take out a new loan. You now have some extra money and a lot more debt, stretched out over a longer time. The extra cash you receive may be less than the additional costs and fees you were charged for the refinancing. And what's worse, you are now paying interest on those extra fees charged in each refinancing. Long story short? With each refinancing, you've increased your debt and probably are paying a very high price for some extra cash. After a while, if you get in over your head and can't pay, you could lose your home. The "Home Improvement" Loan A contractor calls or knocks on your door and offers to install a new roof or remodel your kitchen at a price that sounds reasonable. You tell him you're interested, but can't afford it. He tells you it's no problem-he can arrange financing through a lender he knows. You agree to the project, and the contractor begins work. At some point after the contractor begins, you are asked to sign a lot of papers. The papers may be blank or the lender may rush you to sign before you have time to read what you've been given. The contractor threatens to leave the work on your house unfinished if you don't sign. You sign the papers. Only later, you realize that the papers you signed are a home equity loan. The interest rate, points and fees seem very high. To make matters worse, the work on your home isn't done right or hasn't been completed, and the contractor, who may have been paid by the lender, has little interest in completing the work to your satisfaction. Credit Insurance Packing You've just agreed to a mortgage on terms you think you can afford. At closing, the lender gives you papers to sign that include charges for credit insurance or other "benefits" that you did not ask for and do not want. The lender hopes you don't notice this, and that you just sign the loan papers where you are asked to sign. The lender doesn't explain exactly how much extra money this will cost you each month on your loan. If you do notice, you're afraid that if you ask questions or object, you might not get the loan. The lender may tell you that this insurance comes with the loan, making you think that it comes at no additional cost. Or, if you object, the lender may even tell you that if you want the loan without the insurance, the loan papers will have to be rewritten, that it could take several days, and that the manager may reconsider the loan altogether. If you agree to buy the insurance, you really are paying extra for the loan by buying a product you may not want or need. Mortgage Servicing Abuses After you get a mortgage, you receive a letter from your lender saying that your monthly payments will be higher than you expected. The lender says that your payments include escrow for taxes and insurance even though you arranged to pay those items yourself with the lender's okay. Later, a message from the lender says you are being charged late fees. But you know your payments were on time. Or, you may receive a message saying that you failed to maintain required property insurance and the lender is buying more costly insurance at your expense. Other charges that you don't understand-like legal fees-are added to the amount you owe, increasing your monthly payments or the amount you owe at the end of the loan term. The lender doesn't provide you with an accurate or complete account of these charges. You ask for a payoff statement to refinance with another lender and receive a statement that's inaccurate or incomplete. The lender's actions make it almost impossible to determine how much you've paid or how much you owe. You may pay more than you owe. Signing Over Your Deed If you are having trouble paying your mortgage and the lender has threatened to foreclose and take your home, you may feel desperate. Another "lender" may contact you with an offer to help you find new financing. Before he can help you, he asks you to deed your property to him, claiming that it's a temporary measure to prevent foreclosure. The promised refinancing that would let you save your home never comes through. Once the lender has the deed to your property, he starts to treat it as his own. He may borrow against it (for his benefit, not yours) or even sell it to someone else. Because you don't own the home any more, you won't get any money when the property is sold. The lender will treat you as a tenant and your mortgage payments as rent. If your "rent" payments are late, you can be evicted from your home. Protecting Yourself You can protect yourself against losing your home to inappropriate lending practices. Here's how: Don't: Agree to a home equity loan if you don't have enough income to make the monthly payments. Sign any document you haven't read or any document that has blank spaces to be filled in after you sign. Let anyone pressure you into signing any document. Agree to a loan that includes credit insurance or extra products you don't want. Let the promise of extra cash or lower monthly payments get in the way of your good judgment about whether the cost you will pay for the loan is really worth it. Deed your property to anyone. First consult an attorney, a knowledgeable family member, or someone else you trust. Do: Ask specifically if credit insurance is required as a condition of the loan. If it isn't, and a charge is included in your loan and you don't want the insurance, ask that the charge be removed from the loan documents. If you want the added security of credit insurance, shop around for the best rates. Keep careful records of what you've paid, including billing statements and canceled checks. Challenge any charge you think is inaccurate. Check contractors' references when it is time to have work done in your home. Get more than one estimate. Read all items carefully. If you need an explanation of any terms or conditions, talk to someone you can trust, such as a knowledgeable family member or an attorney. Consider all the costs of financing before you agree to a loan. For More Information The FTC works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. To file a complaint or to get free information on consumer issues , visit www.ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters Internet, telemarketing, identity theft and other fraud-related complaints into Consumer Sentinel , a secure, online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad. FEDERAL TRADE COMMISSION FOR THE CONSUMER 1-877-FTC-HELP www.ftc.gov April 1998
Florida Real Estate
Florida Real Estate Select a topic... Appliance Repair & Shopping Bathrooms Bedrooms Deck, Porch & Patio Doors & Windows Electrical & Home Wiring Finance Fireplaces HVAC Kitchen Design Lawn & Garden Paint & Wallpaper Roofing & Siding Storm-Ready Workshop Featured Channel: Deck, Porch & Patio Order a FREE Book Get a full-color book of Homes or Apartments in this area. Call or click for your free copy! Homes: 800-841-3401 Apts: 800-222-3651 Order Online -- -- Owens Corning Create more room for living with the ultimate Basement Finishing System BobVila.com > Real Estate > Florida Florida (change state/province ) Select an Area: Amelia Island (442) Apalachicola-St. George Island-Port St. Joe (998) Beaches of South Walton-Destin (1838) Boca Raton-South Palm Beach County (544) Cocoa Beach-Melbourne-Titusville (2079) Crystal River-Homosassa-Inverness (496) Daytona Beach-New Smyrna-West Volusia (1469) East Pasco-East Hernando (1451) Flagler County-Palm Coast (962) Florida Keys (1133) Fort Lauderdale (2910) Fort Myers-Cape Coral (3486) Fort Pierce-Port St. Lucie (1382) Fort Walton Beach (1675) Gainesville-Alachua County (676) Homestead-South Dade (202) Inland Northwest Florida (1069) Jacksonville-Ponte Vedra Beaches (1562) Lake and Sumter Counties (1422) Lake City - North Central Florida (747) Lakeland-Winter Haven (312) Marco Island (316) Miami-Dade (1208) Naples-Bonita Springs (865) North Palm Beach County (1170) Ocala-Marion County (1562) Orlando and Surrounding Counties (1542) Panama City (2143) Pensacola (1244) Sanibel-Captiva Islands (151) Sarasota-Bradenton (1423) Southeast Georgia-Kings Bay (1122) St. Augustine-St. Johns County, FL (900) Stuart-Palm Cty-Hutchinson Isl-Jensen Beach (1631) Tallahassee (753) Tampa-St. Petersburg-Clearwater (2663) Venice-Englewood-Port Charlotte (2026) Vero Beach-Indian River County (1513) West Pasco-West Hernando Counties (832) Select a City: Alachua (41) Alford (63) Alligator Point (43) Altamonte Springs (29) Altha (17) Altoona (13) Alva (71) Amelia City (1) Amelia Island (127) Anastasia Island (1) Anna Maria (22) Anthony (9) Apalachicola (51) Apollo Beach (76) Apopka (71) Arcadia (42) Archer (11) Argyle (1) Aripeka (1) Astatula (5) Astor (2) Atlantic Beach (35) Auburndale (17) Aventura (167) Avon Park (3) Babson Park (9) Bagdad (1) Baker (37) Bal Harbour (11) Baldwin (7) Balm (1) Barefoot Bay (2) Bartow (3) Bascom (3) Bay Harbor Islands (1) Beacon Hill (1) Bell (3) Belleair (5) Belleair Beach (2) Belleair Bluffs (3) Belleview (59) Bellview (1) Beverly Hills (60) Big Pine Key (144) Biscayne Gardens (3) Biscayne Park (3) Blountstown (15) Boca Grande (2) Boca Raton (119) Bokeelia (13) Bonifay (107) Bonita Beach (4) Bonita Springs (136) Boynton Beach (163) Bradenton (520) Bradenton Beach (12) Brandon (42) Branford (26) Briny Breezes (1) Bristol (2) Bronson (7) Brooker (6) Brooksville (86) Bruce (2) Bryceville (5) Bunnell (41) Bushnell (86) Callahan (14) Campbellton (5) Candler (1) Cantonment (38) Cape Canaveral (53) Cape Coral (1795) Cape Coral Central (3) Cape Haze (3) Cape San Blas (60) Captiva (40) Carrabelle (168) Carrollwood (3) Caryville (4) Casselberry (30) Celebration (4) Center Hill (9) Centerhill (1) Championsgate (1) Chattahoochee (4) Chiefland (6) Chipley (168) Chokoloskee (4) Christmas (2) Chuluota (3) Citra (19) Citrus Springs (85) City Of Sunrise (3) Clarksville (3) Clearwater (173) Clearwater Beach (17) Clermont (212) Clewiston (8) Cocoa (34) Cocoa Beach (54) Coconut Creek (87) Coconut Grove (15) Coleman (4) Compass Lake (2) Cooper City (53) Copeland (1) Coral Gables (44) Coral Springs (329) Cottondale (26) Crawfordville (127) Crestview (273) Cross Creek (1) Crystal Beach (11) Crystal River (67) Crystal Springs (2) Cudjoe Key (50) Cutler Ridge (5) Cypress (2) Dade City (240) Dania (21) Dania Beach (7) Davenport (34) Davie (153) Davis Island (1) Day (1) Daytona Beach (152) Daytona Beach Shores (34) De Land (1) De Leon Springs (5) Debary (49) Deerfield Bch (4) Deerfield Beach (38) Defuniak Springs (46) Deland (62) Delray Beach (121) Deltona (94) Deltona Pines (1) Destin (317) Disston Plaza (1) Dona Vista (2) Doral (6) Dover (4) Dowling Park (2) Duck Key (6) Duette (5) Dundee (4) Dunedin (63) Dunnellon (147) Eagle Lake (2) East Palatka (3) East Point (1) Eastpoint (33) Eastside (3) Ebro (1) Edgewater (87) El Portal (4) Elkton (9) Ellenton (44) Englewood (724) Englewood Beach (4) Estero (96) Eustis (144) Everglades (5) Everglades City (23) F M (1) Fedhaven (1) Fellsmere (16) Fernandina (4) Fernandina Beach (217) Flagler Beach (113) Florahome (3) Floral City (17) Florida City (22) Floridana Beach (1) Fort Lauderdale (283) Fort Mc Coy (19) Fort Meade (1) Fort Myers (547) Fort Myers Beach (38) Fort Pierce (372) Fort Walton Beach (129) Fort White (23) Fountain (24) Freeport (110) Frostproof (7) Fruit Cove (1) Fruitland Park (40) Ft Lauderdale (61) Ft Myers (70) Ft Myers Beach (9) Ft Walton Beach (24) Gainesville (275) Geneva (18) Gibsonton (23) Glen St Mary (29) Golden Beach (4) Golden Shores (1) Goodland (1) Gotha (2) Graceville (27) Graham (4) Grand Island (18) Grand Ridge (13) Grant (26) Grassy Key (5) Green Acres (2) Green Cove Springs (49) Greenacres (12) Greenhead (1) Greenville (5) Greenwood (25) Grove City (1) Groveland (36) Gulf Breeze (121) Gulf Stream (1) Gulfport (17) Haines City (25) Hallandale (32) Hallandale Beach (15) Hampton (6) Harmony (4) Hastings (10) Havana (8) Hawthorne (14) Heathrow (2) Hernando (41) Hernando Beach (18) Hialeah (3) Hibiscus (1) High Springs (44) Highland Beach (8) Hilliard (9) Hillsboro Beach (2) Hobe Sound (79) Holiday (47) Holly Hill (12) Hollywood (144) Holmes Beach (17) Holt (19) Homestead (158) Homosassa (33) Homosassa Springs (2) Horseshoe Beach (1) Hosford (1) Howey In The Hills (13) Hudson (27) Hutchinson Island (53) Hypoluxo (4) Immokalee (1) Indialantic (92) Indian Harbor Beach (31) Indian Harbour Beach (63) Indian Lake Estates (9) Indian Pass (12) Indian River Shores (3) Indian Rocks Beach (15) Indian Shores (12) Indiantown (8) Inglis (3) Interlachen (15) Inverness (109) Islamorada (153) Island Grove (1) Jacksonville (925) Jacksonville Beach (60) Jasper (17) Jax (1) Jay (11) Jennings (10) Jensen Beach (153) Juno Beach (37) Jupiter (260) Kathleen (2) Kendall (8) Kenneth City (2) Key Biscayne (4) Key Colony Beach (34) Key Largo (270) Key West (178) Keystone Heights (14) Kissimmee (63) La Crosse (1) Labelle (83) Lacoochee (2) Lady Lake (37) Lake Alfred (5) Lake Buena Vista (2) Lake Butler (8) Lake City (239) Lake Helen (2) Lake Mary (31) Lake Panasoffkee (39) Lake Park (5) Lake Placid (5) Lake Suzy (1) Lake Wales (68) Lake Worth (66) Lakeland (22) Lakewood Ranch (4) Lamont (1) Lanark Village (24) Lanark Vlg (8) Land O Lakes (181) Land O' Lakes (18) Lantana (8) Largo (48) Lauderdale By The Sea (22) Lauderdale Lakes (8) Lauderhill (33) Laurel Hill (9) Lawtey (2) Layton (1) Lecanto (39) Lee (7) Leesburg (270) Lehigh (3) Lehigh Acres (418) Lighthouse Point (13) Lithia (31) Little Torch Key (31) Live Oak (122) Lochloosa (2) Long Boat Key (3) Long Key (4) Longboat Key (43) Longwood (33) Lorida (1) Loughman (1) Lowell (1) Lower Matecumbe Key (4) Lower Sugarloaf Key (4) Loxahatchee (22) Lutz (142) Lynn Haven (82) Macclenny (46) Madeira Beach (12) Madison (17) Maitland (20) Malabar (30) Malone (7) Manalapan (1) Marathon (79) Marco Island (316) Margate (72) Marianna (124) Mary Esther (47) Masaryktown (2) Mascotte (22) Matlacha (1) Mayo (82) Mc Alpin (3) Mcalpin (9) Mcintosh (2) Melbourne (482) Melbourne Bch (3) Melbourne Beach (107) Melbourne Village (1) Melrose (4) Merritt Island (86) Mexico Beach (72) Miami (468) Miami Beach (205) Miami Lakes (2) Miami Shores (3) Miami Springs (2) Micanopy (6) Micco (6) Middleburg (55) Midway (14) Milligan (1) Milton (212) Mims (3) Minneola (16) Miramar (214) Miramar Beach (54) Molino (10) Monticello (57) Montverde (10) Moore Haven (13) Morriston (14) Mossy Head (3) Mount Dora (63) Mount Plymouth (1) Mulberry (5) Myakka City (42) N Fort Myers (11) N Ft Myers (45) N Lauderdale (8) N Miami Beach (10) N Port (4) Naples (803) Navarre (380) Navarre Beach (21) Neptune Beach (14) New Port Richey (92) New Smyrna (7) New Smyrna Beach (264) Newberry (28) Niceville (128) Nmb (5) No Name Key (2) Nobleton (2) Nokomis (28) Normandy Isle (1) North Bay Village (36) North Fort Myers (74) North Lauderdale (28) North Miami (24) North Miami Beach (17) North Palm Beach (38) North Port (164) North Redington Beach (1) North Venice (1) Northport (2) O Brien (7) Oak Hill (6) Oakland (5) Oakland Park (37) Ocala (979) Ocean Ridge (7) Ochlockonee Bay (23) Ocklawaha (32) Ocoee (36) Odessa (64) Okeechobee (94) Oklawaha (1) Old Town (1) Oldsmar (20) Orange City (17) Orange Lake (2) Orange Park (169) Orange Pk (1) Orange Springs (11) Orlando (580) Ormond Beach (294) Osprey (10) Osteen (4) Overstreet (7) Oviedo (41) Oxford (20) Pace (86) Paisley (28) Palatka (4) Palm Bay (609) Palm Bch Gdns (1) Palm Beach (22) Palm Beach Gardens (177) Palm Beach Shores (8) Palm City (193) Palm Coast (800) Palm Harbor (159) Palm Springs (3) Palmetto (79) Palmetto Bay (1) Panacea (14) Panama City (292) Panama City Beach (1141) Parkland (144) Parrish (75) Pasadena (3) Pass A Grille Beach (10) Paxton (3) Pembroke Park (2) Pembroke Pines (332) Pembroke Pnes (3) Pensacola (299) Pensacola Beach (23) Perdido Key (44) Perry (29) Pesacola (1) Pierson (1) Pinellas Park (9) Placida (14) Plant City (28) Plantation (106) Plantation Key (13) Poinciana (9) Point Washington (10) Polk City (9) Pompano Beach (128) Ponce De Leon (10) Ponce Inlet (23) Ponte Vedra (11) Ponte Vedra Beach (88) Port Charlotte (432) Port Everglades (1) Port Orange (125) Port Richey (27) Port Saint Joe (131) Port Saint John (5) Port Saint Lucie (400) Port Salerno (1) Port St John (7) Port St Lucie (445) Port St. John (2) Princeton (1) Pt Charlotte (4) Pt Orange (1) Pt Washington (1) Punta Gorda (265) Quincy (17) Ramrod Key (21) Reddick (3) Redington Beach (5) Reunion (4) Ridge Manor (51) Ridge Manor Estates (1) Riverview (96) Riviera Beach (22) Rockledge (83) Roseland (1) Rosemary Beach (5) Rotonda West (19) Royal Palm Beach (68) Ruskin (25) S Daytona (1) S Fort Myers (1) Safety Harbor (25) Saint Augustine (178) Saint Augustine Beach (2) Saint Cloud (9) Saint George Island (118) Saint James City (1) Saint Joe Beach (59) Saint Leo (1) Saint Lucie West (17) Saint Marks (7) Saint Pete Beach (9) Saint Petersburg (87) Saint Petersburg Bch (4) Salt Springs (6) San Antonio (46) Sanderson (15) Sandestin (13) Sanford (61) Sanibel (111) Santa Rosa Beach (258) Sarasota (491) Satellite Beach (138) Satsuma (2) Seacrest (9) Seagrove Beach (44) Sebastian (114) Sebring (2) Seffner (10) Seminole (22) Seven Springs (1) Sewalls Point (12) Shady Grove (2) Shalimar (21) Shark Key (3) Siesta Key (22) Silver Springs (58) Singer Island (35) Sneads (13) Sopchoppy (11) Sorrento (23) South Creek (3) South Daytona (15) South Pasadena (3) Southport (30) Southwest Ranches (17) Sparr (3) Spring Hill (223) St Augustine (433) St George Island (27) St James City (10) St Joe Beach (6) St Lucie West (7) St Pete (1) St Pete Beach (5) St Petersburg (54) St. Augustine (1) St. Cloud (9) Starke (65) Station #1 (1) Steinhatchee (2) Stuart (527) Sugarloaf (2) Sugarloaf Key (16) Sugarloaf Shores (1) Sumatra (2) Summerfield (127) Summerland Key (38) Sumterville (13) Sun City (3) Sun City Center (7) Sunny Hills (7) Sunny Isles (43) Sunny Isles Beach (114) Sunrise (135) Sunset Island (1) Suntree (11) Suwannee (2) Tallahassee (381) Tamarac (102) Tampa (799) Tampa Palms (1) Tangerine (1) Tarpon Springs (62) Tavares (66) Tavernier (77) Temple Terrace (5) Tequesta (34) Terra Ceia (2) The Villages (54) Thonotosassa (2) Tierra Verde (13) Titusville (30) Town N Cntry (1) Treasure Island (9) Trenton (12) Trinity (35) Umatilla (42) University Park (6) Valkaria (3) Valparaiso (4) Valrico (56) Venice (208) Vernon (45) Vero Beach (1378) Viera (31) W Melbourne (21) Wabasso (1) Wakulla Springs (6) Waldo (7) Walnut Hill (2) Wauchula (2) Wausau (7) Waverly (1) Webster (69) Weeki Wachee (35) Weirsdale (16) Welaka (3) Wellborn (14) Wellington (86) Wesley Chapel (256) West Delray Beach (2) West Melbourne (66) West Palm Bch (3) West Palm Beach (234) West Panama City Beach (2) Weston (233) Westville (20) Wewahitchka (28) White Springs (17) Wilbur By The Sea (2) Wildwood (31) Williston (8) Wilton Manors (22) Wimauma (3) Windermere (36) Winter Beach (1) Winter Garden (26) Winter Haven (55) Winter Park (72) Winter Springs (19) Woodville (3) Yalaha (4) Youngstown (22) Yulee (59) Zellwood (5) Zephyr Hills (9) Zephyrhills (353) Zolfo Springs (1) Home | About | FAQ | Contact | Sitemap | Privacy Policy | Terms of Use | Help
purchase property with other
Buying Property Abroad - Property Abroad for Sale Properties Abroad - Buying and Selling Property Abroad - 20:42:59 GMT Home | Contact | About Us | Viewing Properties | Purchase Procedure | Selling? | Work With Us | Resources | Useful Contacts | Exhibitions | Investment & SIPP email us: call us: +44 (0)20 8920 5260 UK local call: 0845 644 7611 Buying a property abroad? Search by Country, Region, Town, Reference or property name... Customise our site to show... Set Currency to -- Browse by Region -- SPAIN TURKEY FRANCE PORTUGAL CYPRUS MOROCCO EGYPT FLORIDA DUBAI -- Pre-release Investment Opportunities Please register your interest with us if you would like to be kept informed of any land or off plan property investment opportunities the moment they arise. Such investments offer rapid high returns. Please provide us with... NAME ADDRESS DAYTIME CONTACT NUMBER EMAIL INVESTMENT BUDGET MAXIMUM pureinvestment@propertiesabroad.com Thank you. Carol Mann Sales director SIPPS - Residential Property and Pensions It is now possible to purchase residential property in both the UK and overseas utilizing a Self Invested Personal Pension (SIPP) as long as completion does not take place before 6th April 2006. This means that your pension can buy property off plan today. The main requirements are as follows: The property must satisfy the lawyers and trustees in respect of due diligence ie the property or development must satisfy the necessary legal requirements such as planning permission, legal title, building licenses etc If let, the property should be managed by a professional letting and/or management company For property located in the UK, the income (rent) received will be free of income tax, and on the future sale of the property there will be no capital gains tax on the profit. For property located overseas, the tax position is yet to be fully clarified, but it is anticipated that there will be an element of income and capital gains tax that cannot be reclaimed if the purchase is overseas and that countrys tax regime dictates that income and capital gains tax is chargeable on investment property. The precise position in relation to taxation will be clarified later this year. Your SIPP will be able to borrow up to 50% of the total fund to assist with a property purchase. However, most trustees will require absolute certainty that the monies will be available in your pension fund at completion. This could be in the form of an unconditional mortgage offer at the time of paying the deposit, or a certainty that you or your company will make a contribution in the next tax year (when contribution limits and subsequent tax relief is greater than in the current tax year). It is also possible for individuals to collectively purchase property with other individuals pension funds. This syndication is straightforward and enables people who have smaller pension funds to pool resources. Some practical points if you dont already have all your funds in the right type of SIPP: You may have several pension schemes with a number of different insurers. Before you can consider a property purchase, you will need to transfer some or all of your pension funds to a SIPP with a company who have confirmed that they will allow you buy residential property now. In order to avoid any delay, and ensure that you buy your chosen property at the best possible price, it is possible for you to pay a reservation fee and initial deposit(s) from your own resources, and the property to be purchased from you, by your pension after April 2006. This will enable you and your adviser time to affect the necessary transfers to the SIPP to ensure that funds are available before completion. You will of course need to ensure that you will have sufficient monies in order to complete the transaction and cover all anticipated costs. Please ask us for further details if required. When the pension purchases the contract from you, this may create a chargeable event (we anticipate that the property will have increased in value between now and next April) and hence you may be liable for capital gains tax. This could be an opportunity for you to realize gains within your annual CGT exemption. For example, a purchase at one of our golf resorts would currently cost approximately £125,000. Assuming that prices increased by 6% between now and April 2006, the market value would be £132,500 and this is the price that the pension would have to pay. This would create a taxable gain of £7,500 which is within the annual exemption and would be tax free (assuming that you have made no other gains in the current tax year). If you purchase the property jointly, you could make gains of up to £17,000 without paying any capital gains tax. This gain could be invested in your pension in the next tax year (as a contribution), and enjoy tax relief. For a basic rate taxpayer, this would gross up to £9,615 and for a higher rate tax payer, £12,500. Hence, by acting now, you could effectively fund around 10% of the purchase price with some simple yet legitimate tax planning. If you have high earnings, paying tax at 40% (and available capital now), rather than paying £125,000 for a property, you could, through pension contributions post April 2006, pay as little as £67,500 for a property purchased today at £125,000 by a combination of the above, and the higher rate relief available on your post A day contribution. This equates to an immediate gain of 54%. You need to accept that the actual structure of the purchase and precise taxation implications have yet to be clarified for overseas property. It is confirmed however, that the purchase can take place, provided the property is deemed by the trustee to be suitable. Syndication We believe that there will be a great demand for collective property purchase, for people who want to combine a sound financial investment with the ability to use a property abroad for occasional personal use, but dont have sufficient funds in their own plans. For an additional fee, you can syndicate with other people to jointly own property and pool your resources. These other people could be family members, friends or colleagues. Because of the charges and other practical implications, we anticipate that this will be available to people who have a minimum fund value of around £25,000. Beneficiaries on death do not have to be the other syndicated owners, but the relevant documentation needs to be in place to deal with things like retirement and death in much the same way as company directors effect a shareholders agreement to clarify these issues. If you would like an information pack on SIPPs please call our office. Global properties Contact us for further information © 2005 Properties Abroad
sell house, sellproperty, sell
Rent - Exchange - Buy - Sell my home, house, property. Buy, sell, rent residential and holiday properties across the UK - FREE List Property : Free Web Space : Owners Guides : Partner/Affiliate : Web Links : Realtors/Agents : Testimonials : What's New? -- Members Log in Your Email: Your Password: Register Forgot Password Go to Property ID: Find Properties Africa Asia Australia Canada Caribbean Europe Mexico Middle East New Zealand Republic of Ireland South America UK USA For Sale Monthly Rental Weekly Rental Daily Rental Home Exchange -- Advertisers List Ad Modify Ad Cancel Ad Your Account -- Visitors/Members Introduction About Us Why List? FAQ Contact Us How Do I? -- Mortgages & Finance Free Classified Ads -- Worth Seeing UK Property Development About Home Swapping Homes Seekers World of Property Please visit our recommended sites! Site Visitors: Please click on a category below to see the sites contained within. Webmasters: Please click to submit your site for listing consideration or click to modify your current listing . Featured Category - Travel and Tourism Books and Magazines (3) Business and Office services (13) Clothes and Footwear (3) Commercial Property and Land (11) Education and Training (6) Employment and Careers (8) Ezines and Newsletters (2) Financing and Mortgages (70) - Finance and Mortgages Europe (1) - Finance and Mortgages UK (12) - Finance and Mortgages USA (31) - Financing and Mortgages Canada (3) Friendships and Romance (5) Games and Pastimes (18) Health and Fitness Matters (25) Home and Property Services (335) - Africa Home and Property services (1) - Asia Home and Property services (4) - Australia Home and Property services (2) - Canada Home and Property services (5) - Caribbean Home and Property services (1) - European Home and Property services (39) - Mexico Home and Property services (4) - Middle East Home and Property services (3) - New Zealand Home and Property services (2) - South America Home and Property services (3) - UK Home and Property services (15) - USA Home and Property services (242) Hotels and Accommodations (25) - Europe Hotels and Accommodations (10) - UK Hotels and Accommodations (6) - USA Hotels and Accommodations (3) Hunting and Fishing (5) Insurances (9) - Insurances - Europe (0) - Insurances - UK (4) - Insurances - USA (3) Legal and Professional (11) - Legal and Professional Europe (0) - Legal and Professional UK (1) - Legal and professional USA (2) Moving and Storage (11) Office and Business Premises (6) Online shopping experiences (10) Pets, Animals and Birds (5) Relocation Services (6) Rooms, Flats and Apartments (7) Self Build & DIY House projects (2) Seniors and Retirement (2) Sports and Outdoor (16) Telephones and Communications (4) Time Share properties and locations (1) Transport - Air, Auto and Rail Services (6) Travel and Health Insurance (2) Travel and Tourism (94) - Africa Travel and Tourist links (3) - Asia Travel and Tourist links (2) - Australia Travel and Tourist links (2) - Canada Travel and Tourist links (5) - Caribbean Travel and Tourist links (3) - Europe Travel and Tourist links (22) - Mexico Travel and Tourist links (3) - Middle East Travel and Tourist links (1) - New Zealand Travel and Tourist links (4) - South America Travel and Tourist links (3) - UK Travel and Tourist links (6) - USA Travel and Tourist links (27) Travel Reports and Reviews (4) Web Site design and marketing (7) Weddings and Celebrations (6) Homes Seekers Top 20 Link Swap Partners #1 Mobile Phone Numbers UK - UK Mobile / Cell Phone Number directory service for UK business and personal users. Free to search and add your own cellular listing. #2 Norfolk UK Self Catering Rentals - Stay in Martham village, Norfolk, England. Ideal location for touring the Norfolk Broads and the East Coast #3 Boot Camps For Teens - Learn more about teen boot camps, juvenile boot camp for bad kids, boot camps for children, military schools for boys and teenagers #4 Homes Seekers - Books and Guides - Wide range of information and advice about buying property in the UK and Europe as permanent or rental. Save yourself time and trouble with our guides. #5 Puerto Vallarta Real Estate - Based in Puerto Vallarta, Mexico Playa Del Sol Group has 4 Beachfront Resorts & Hotels (Condos) - Playa Del Sol, Playa Del Sol Grand, Costa Sur & Lindo Mar. #6 Playa del Carmen Real Estate - Homes, condos, land Playa del Carmen and Riviera Maya by Realty Executives www.Playa-Buyer-Broker.com, real estate Mexico #7 Our Property UK - How much did property in your street, town or area sell for? Facts on UK property sales since 2000. Free Search. #8 www.hotelstobuy.co.uk - Directory of commercial property for sale in UK. Hotels, B&Bs and Guest Houses to buy. Plus information about buying and running a successful small hotel. #9 For Sale By Owner Real Estate Canada - Listing Canadian homes for sale "by owner". Buy, sell or rent real estate privately in Canada without an agent. Free real estate web directory, home buyers and sellers guides. #10 Hibiscus Real Estate Services, All types of property for sale in the Greek island of Lesvos - We provide a full support service in buying property in Lesvos, from the point of locating the right property to completing the sale on your belhalf.Lesvos offers a wide range of good value properties #11 Animal pictures - collection of pet and wild animals pictures #12 Sonoran Sea Condo - You are at the right place for: Rocky Point rentals, house rentals, and reservations, as well as reservations for Sonoran Sea Resort & Mexico. #13 HomeSell - HomeSell is a Private Sale Real Estate Company with offices throughout New Zealand (NZ). #14 Vancouver Real Estate Online - We are the experts you want in your corner when it comes to Vancouver real estate. Visit our site today. #15 Bargain Homes For Sale Abroad - Property for sale in Turkey, Spain, Mexico, Bulgaria, Hungary and worldwide. #16 land for sale - Sustainable Land Plc have over a century of experience in the land industry #17 Dog Apparel - luxury pet products and pet supplies for your Dogs and Cats. Pet Apparel, Pet Furniture, Pet Toys, Dog Furniture, Pet Dining, Pet Grooming Supplies, #18 Bay Islands Real Estate, Honduras Property, Honduras - Bay Islands Real Estate, Roatan Honduras real estate. Come and find your tropical paradise! #19 Cyprus Property - Cyprus properties for sale in Northern Cyprus. #20 mouseprice.com - Obtain current valuations and historic transaction prices for every house sold in England & Wales at mouseprice.com - an indispensable valuation tool for house buyers and sellers. Search our Sites Find all words Find any words Find phrase Go: Our Home Page Search WWW Search homes-seekers.net Home | Join | Search | About Us | FAQ | Contact Us | Web Links Site Map | Legal info | Privacy Policy 2001 - 2004 Homes Seekers Database Development By Cosmic Solutions India UK Counties UK Home Exchanges Alderney County, Antrim County, Armagh, Avon, Bedfordshire, Berkshire, Borders, Buckinghamshire, Cambridgeshire, Central, Cheshire, Cleveland, Clwyd, Cornwall, Cumbria, Derbyshire, Devon, Dorset County, Down, Dumfries and Galloway, County Durham, Dyfed, Essex, County Fermanagh, Fife, Mid Glamorgan, South Glamorgan, West Glamorgan, Gloucester, Grampian, Guernsey, Gwent, Gwynedd, Hampshire, Hereford and Worcester, Hertfordshire, Highlands, Humberside, Isle of Man, Isle of Wight, Jersey, Kent, Lancashire, Leicestershire, Lincolnshire, Greater London, County Londonderry, Lothian, Greater Manchester, Merseyside, Norfolk, Northamptonshire, Northumberland, Nottinghamshire, Orkney, Oxfordshire, Powys, Shropshire, Sark, Shetland, Somerset, Staffordshire, Strathclyde, Suffolk, Surrey, East Sussex, West Sussex, Tayside,Tyne and Wear, County Tyrone, Warwickshire, Western Isles, West Midlands, Wiltshire, North Yorkshire, South Yorkshire, West Yorkshire. EUROPE Countries Europe Homes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, United Kingdom. USA States USA Rental Properties Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming rent home,selling a home online,real estate listings,search for houses,without brokerHomes-Seekers World of Property helps you sell home, sell house, sellproperty, sell your home or house, we are the selling property and realestate specialist. Homes-Seekers offers you services to sell home, sellhouse, sell property, sell your home or house. Homes Seekers is theselling property and real estate specialist. Homes-Seekers servicesinclude how to sell home, sell house, sell property, sell your home orhouse, an international service for selling property and real estate.Homes-Seekers services lets you sell home, sell house, sell property,sell your home or house, the complete selling property and real estateservice. With Homes Seekers you can sell property and homes privately,as well as sell property and homes direct and save money on fees andcommissions. Homes Seekers specializes in private sales, direct sales,and lets you advertise for sale, rent or exchange online worldwide.Homes Seekers helps you buy home, or buy house, search to buy property,or buy home, buy house, buy property, buy property privately.Homes-Seeker's service offer to buy home, buy house, search to buyproperty, or buy home, buy houses, buy property, buy property privately.Use Homes Seekers international service to buy home, buy house, searchto buy property, or buy home, buy houses, buy property, buy propertyprivately. Homes Seekers helps you buy a home, or buy a house, search tobuy a property, or buy a home, buy houses, buy property, buy propertyprivately. If you want to buy homes privately, buy houses privately, buyproperty direct or buy home direct. Homes Seekers can help you find aprivate buy, rent house, rent property, direct buy, rental home, rentalhouse or rent property. Homes-Seekers helps you find a private buy, renthouse, rent property, direct buy, rental home, rental house or rentproperty. Use Homes Seekers to find a private buy, rent house, rentproperty, direct buy, rent home, rent house or rent property. HomesSeekers property listings can help you find a private buy, selling ahome on line, home for sale by owner, buying a home, buying a house,property for sale, land for sale, finding houses for sale, direct buy,rental home, rental house or rent property. Homes-Seekers internationalproperty listings can help you find a private buy, selling a home online, home for sale by owner, buying a home, buying a house, propertyfor sale, land for sale, finding houses for sale, direct buy, rentalhome, rental house or rent property. Homes Seekers low cost propertylistings can help you find a private buy, selling a home on line, homefor sale by owner, buying a home, buying a house, property for sale,land for sale, finding houses for sale, direct buy, rental home, rentalhouse or rent property. Homes Seekers offers home exchanges, houseexchanges, property exchanges, home swaps, house swaps, property swaps,as well as rentals, vacation holidays, rental holidays, homes for saleby owner, fsbo, fsbo listings and real estate for sale by owner atprices and types. Homes-Seekers low cost services provides homeexchanges, house exchanges, property exchanges, home swaps, house swaps,property swaps, as well as rentals, vacation holidays, rental holidays,homes for sale by owner, fsbo, fsbo listings and real estate for sale byowner at prices and types. Homes Seekers international servicespecialist in home exchanges, house exchanges, property exchanges, homeswaps, house swaps, property swaps, as well as rentals, vacationholidays, rental holidays, homes for sale by owner, fsbo, fsbo listingsand real estate for sale by owner at prices and types. Homes-Seekershelps you find and offer home exchanges, house exchanges, propertyexchanges, home swaps, house swaps, property swaps, as well as rentals,vacation holidays, rental holidays, homes for sale by owner, fsbo, fsbolistings and real estate for sale by owner at prices and types. Searchfor homes, property for sale, for sale by owner and houses without abroker or realtor via the internet using Homes-Seekers World ofProperty. Homes Seekers lets you search for homes, property for sale,for sale by owner and houses without a broker or realtor via theinternet using Homes-Seekers World of Property. International propertysearch for homes, property for sale, for sale by owner and houseswithout a broker or realtor via the internet using Homes-Seekers Worldof Property.rent home,selling a home online,real estate listings,search for houses,without brokerHomes-Seekers helps you sell a home, sell a house, sell a property, sell your home or house, we are the selling property and real estate specialist. With Homes Seekers you can sell property and homes privately, as well as sell property and homes direct and save money on fees and commissions. Homes Seekers specializes in private sales, direct sales, and lets you advertise for sale, rent or exchange online worldwide. Homes Seekers helps you buy a home, or buy a house, search to buy a property, or buy a home, buy houses, buy property, buy property privately. If you want to buy homes privately, buy houses privately, buy property direct or buy a home direct, Homes Seekers can help you find a private buy, direct buy, rental home, rental house or rent property. Homes Seekers offers home exchanges, house exchanges, property exchanges, home swaps, house swaps, property swaps, as well as rentals, vacation holidays, rental holidays, homes for sale by owner, fsbo and real estate at all prices and types Search for homes and search for houses without a broker via the internet using Homes-Seekers World of Propertyrent home,selling a home online,real estate listings,search for houses,without brokerHomes-Seekers World of Property helps you sell home, sell house, sellproperty, sell your home or house, we are the selling property and realestate specialist. Homes-Seekers offers you services to sell home, sellhouse, sell property, sell your home or house. Homes Seekers is theselling property and real estate specialist. Homes-Seekers servicesinclude how to sell home, sell house, sell property, sell your home orhouse, an international service for selling property and real estate.Homes-Seekers services lets you sell home, sell house, sell property,sell your home or house, the complete selling property and real estateservice. With Homes Seekers you can sell property and homes privately,as well as sell property and homes direct and save money on fees andcommissions. Homes Seekers specializes in private sales, direct sales,and lets you advertise for sale, rent or exchange online worldwide.Homes Seekers helps you buy home, or buy house, search to buy property,or buy home, buy house, buy property, buy property privately.Homes-Seeker's service offer to buy home, buy house, search to buyproperty, or buy home, buy houses, buy property, buy property privately.Use Homes Seekers international service to buy home, buy house, searchto buy property, or buy home, buy houses, buy property, buy propertyprivately. Homes Seekers helps you buy a home, or buy a house, search tobuy a property, or buy a home, buy houses, buy property, buy propertyprivately. If you want to buy homes privately, buy houses privately, buyproperty direct or buy home direct. Homes Seekers can help you find aprivate buy, rent house, rent property, direct buy, rental home, rentalhouse or rent property. Homes-Seekers helps you find a private buy, renthouse, rent property, direct buy, rental home, rental house or rentproperty. Use Homes Seekers to find a private buy, rent house, rentproperty, direct buy, rent home, rent house or rent property. HomesSeekers property listings can help you find a private buy, selling ahome on line, home for sale by owner, buying a home, buying a house,property for sale, land for sale, finding houses for sale, direct buy,rental home, rental house or rent property. Homes-Seekers internationalproperty listings can help you find a private buy, selling a home online, home for sale by owner, buying a home, buying a house, propertyfor sale, land for sale, finding houses for sale, direct buy, rentalhome, rental house or rent property. Homes Seekers low cost propertylistings can help you find a private buy, selling a home on line, homefor sale by owner, buying a home, buying a house, property for sale,land for sale, finding houses for sale, direct buy, rental home, rentalhouse or rent property. Homes Seekers offers home exchanges, houseexchanges, property exchanges, home swaps, house swaps, property swaps,as well as rentals, vacation holidays, rental holidays, homes for saleby owner, fsbo, fsbo listings and real estate for sale by owner atprices and types. Homes-Seekers low cost services provides homeexchanges, house exchanges, property exchanges, home swaps, house swaps,property swaps, as well as rentals, vacation holidays, rental holidays,homes for sale by owner, fsbo, fsbo listings and real estate for sale byowner at prices and types. Homes Seekers international servicespecialist in home exchanges, house exchanges, property exchanges, homeswaps, house swaps, property swaps, as well as rentals, vacationholidays, rental holidays, homes for sale by owner, fsbo, fsbo listingsand real estate for sale by owner at prices and types. Homes-Seekershelps you find and offer home exchanges, house exchanges, propertyexchanges, home swaps, house swaps, property swaps, as well as rentals,vacation holidays, rental holidays, homes for sale by owner, fsbo, fsbolistings and real estate for sale by owner at prices and types. Searchfor homes, property for sale, for sale by owner and houses without abroker or realtor via the internet using Homes-Seekers World ofProperty. Homes Seekers lets you search for homes, property for sale,for sale by owner and houses without a broker or realtor via theinternet using Homes-Seekers World of Property. International propertysearch for homes, property for sale, for sale by owner and houseswithout a broker or realtor via the internet using Homes-Seekers Worldof Property.rent home,selling a home online,real estate listings,search for houses,without broker
Colorado Real Estate
Manual Table of Contents 2005 Real Estate Manual An * in the left margin indicates a change in the statute, rule or text since the last publication of the manual. Revisions since the publication of the printed version of the manual dated July 1, 2005 appear in RED text. Chapter 1. License Law Chapter 2. Rules Chapter 3. Commission Positions Chapter 4. Subdivision Laws Chapter 5. Case Law and Opinions Chapter 6. Interest in Land Chapter 7. Land Descriptions Chapter 8. Deeds Chapter 9. Evidence of Title Chapter 10. Appraisal and Valuation Chapter 11. Water Rights Chapter 12. Brokerage Relationships Chapter 13. Listings Chapter 14. Contracts Chapter 15. Financing Chapter 16. Trust Deeds and Liens Chapter 17. Closing Statements Chapter 18. Escrow Records Chapter 19. Property Management and Leases Chapter 20. Farm and Ranch Brokerage Chapter 21. Business Opportunities Chapter 22. Tax Factors Pertaining To Real Estate Chapter 23. The Fair Housing Act Chapter 24. Related Real Estate Laws Chapter 25. Commission Approved Forms Glossary of Terms (15 Pages) Index (15 Pages) Manual Order Form Updated 08/19/05 Privacy Statement | Disclaimer Technical Assistance: E -Mail Information Technology Section Revised October 27, 2005 Federal Home Page || State Home Page || Department Home Page Division Home Page || Top of Page E-Mail the Division of Real Estate 1900 Grant Street, Suite 600 Denver, CO 80203 (303) 894-2166 or (303) 894-2185 - Phone (303) 894-2683 - Fax Relay Colorado (TTY (English & Spanish), Voice, VCO, ASCII, STS Assistance Numbers)