admin answers:

Depends on when it was sold I think. If the estate sold it and then distributed cash to you and sibling, then that's just part of the estate distribution and no tax due. If the estate distributed the real estate to you and sibling, you have a "basis" (amount paid) equal to your share of the value. If you then sell it, you will have either gain or loss for the difference between your basis and the selling price. Probably worth the $$ to get some professional advice if the amounts are big.

admin answers:

In some states an unpaid brokerage commission can be levied as a lien on the real estate but that would mean that you have sold the house and in that event the broker would usually have been paid from the sale proceeds. In a short sale the lender (mortgage holder) should have agreed to pay the real estate commission as part of their loss.

However, it would appear that the lien to which you are referring would be for work done on the home that is not paid such as a new roof, new air conditioner, etc. In that case this would be a mechanic's lien.

Is the short sale part of the loan modification agreement - meaning did you agree to sell the home to avoid foreclosure? Did you have an attorney represent you in this process? If so, go see your attorney again. If not, it may make sense to see one now as it appears that you do not understand what you signed, to what you have agreed and to what you are now obligated.

admin answers:

"Prime" real estate & "difficult location" should not be in the same sentence.

Prime real estate is Prime real estate because it has the best of everything, especially Location!

Have you been a "for sale by owner" for 2yrs? If not, you're real estate agent is NOT educating you on market conditions & proper pricing.

If you are already in the foreclosure process you probably have about 2-3months left to actually sell it.

Drop the price!!!

If it doesn't seem possible to make a profit after costs & commissions, inquire your agent about getting into a "short sale", where the bank will accept LESS than you owe. Doing a short sale won't harm your credit as bad as actually going into forecloure & the bank owning it.

Make sure your Commercial Realtor is advertising your property on the nationally known websites for commercial properties at www.propertyline.com or www.loopnet.com

admin answers:

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admin answers:

Wow sounds like someone did you in... Well let me tell you that not all Realtors are dishonest and really a very small percentage need to have their licenses revoked. I am a Realtor and I work very hard to be honest and forthright. I have a large following because my clients are happy. I have given up commissions because the other side of a deal was put together by a snake in the grass. It always pays to put everything on the table and if you can't for some reason... You should get out of the business.