Flipping a Home: The Legal Aspect
House flipping can be a fun and lucrative business, but it is not easy. Between title concerns, mortgage loan fraud, construction delays, and disclosure requirements, house flippers must have a comprehensive understanding of the legal issues surrounding the house flipping business model.
- REAL ESTATE LEGAL GUIDE FOR THE HOME SELLER
- » General Legal Rights and Obligations of a Home Seller
- » Selling a Home that Is Foreclosed
- » Selling a Timeshare: The Legal Aspect
- ⇒ Flipping a Home: The Legal Aspect
- » The Real Estate Agent Rights and Obligations
- » Legal Mistakes During a Home Sale Process
- » Home Selling and Disclosure Requirements
- » Inheritance Legal Issues Involved with Real Estate
- » Title Issues Involved in Real Estate Transactions
- » Real Estate Contracts and Agreements
- » Resolving Real Estate Disputes through Alternative Dispute Resolution
- » Real Estate Lawyers: What They Do For A Seller
Flipping Homes and FHA Re-Selling RestrictionsThe Federal Housing Administration has certain re-selling restrictions that could cause flipping homes to receive limitations based on insurance, a timeframe limit and complications for the house flipper that change various requirements. It is important to understand the federal implications as well as any state-specific needs when flipping houses.
Read more- Title Concerns in Flipping Houses
Legal problems may arise when you purchase a home, renovate it and quickly seek to sell it. Here are some title concerns that you may confront when flipping houses.
Read more - Flipping Houses and Mortgage Loan Fraud
Many house flippers are not aware of the potential legal problems that may arise when securing funding for a flipping project. Here are some of the restrictions and laws that you should be aware of to avoid accusations of mortgage loan fraud.
Read more - Flipped House For Sale - Does Realtor Have a Duty to Disclose It Was Flipped?
It is important to understand about your disclosure requirements before putting your flipped house on the market. Here are some guidelines to help you with this process.
Read more - What is a Real Estate 1031 Exchange?
A real estate 1031 exchange refers to the favorable tax treatment that the Internal Revenue Service gives to real estate investors. Here is everything you need to know.
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