The Social Security system is in place to help us through difficult times. Unfortunately, there are some instances in which the system makes our lives even more difficult than they need to be. The day I received the denial letter for my claim, I wasn't sure what I was going to do. After talking with a few friends, I contacted a lawyer. That was the best decision I had ever made. Even with the professional assistance, getting the denial overturned and getting the money that I was owed took several months. I have kept a clear journal of my experience and loaded it with information that can help others get through what can be an impossible time.
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Social security denial - a journal of assistance
How Do You Sell A House On Contract?
Alexis Garcia
When a homeowner cannot find a buyer for their house, they may decide to do something different with the home. For example, the homeowner could rent the house to a tenant. The homeowner could also sell the house on contract. If you are a homeowner who is having trouble selling, you could sell this house on contract, too. If you are interested in this idea, here are several things to understand.
You Will Need a Real Estate Lawyer
Selling a house on contract is not something you should attempt yourself. You need a lawyer to use this option, and you should hire a real estate lawyer. Real estate lawyers know and practice real estate law. If you want to use a contract deal, you must select a lawyer that understands real estate. Contract deals have risks, but you can reduce the risks by hiring an experienced lawyer to help you create the contract.
You Should Understand How This Method Works
A contract home sale is different than a traditional home sale. A traditional home sale occurs when a person gets a loan to buy your house. On closing day, you get the money from the deal, and the buyer receives the title to the home. When this takes place, it is a done deal. With a contract sale, you must keep the mortgage on the property. The buyer pays you each month for the house payments on the property and retains full use of the property. The house is still in your name, though. In five or ten years, the buyer gets a mortgage loan and pays you the balance owed. At this point, the deal closes, and you no longer have any rights or responsibilities with the property.
You Must Include Essential Details in the Contract
Using this method is advantageous for the buyer and seller, but as the seller of the house, you must include details in the contract for protection. Here are some of the details you must include:
- The amount of the down payment the buyer pays you upfront.
- The monthly payment amount the buyer pays you each month.
- The results of the buyer failing to make payments.
- The responsibilities that the buyer and seller have.
Selling a house on contract is an excellent alternative method for selling a home. If you would like more information about using this option, talk to a real estate legal service today.
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