Category Archives: Property

Understanding Order Of Liens On A Property

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In order to buy a tax lien property you must first decide which states or counties are conducive to producing conditions that will allow you to end up in ownership. In addition you may want to consider purchasing tax deeds instead, as the process is set up in a way that gives you a better chance at property ownership.

Before you buy a tax lien property you have to purchase the tax lien certificate first. In order to get a certificate you will have to bid on the sale in many cases. This process can differ from state to state, and county to county. The bidding process starts at 18% in Orange county Florida and they in fact begin to bid down from there. In other words, whoever is ready for the lowest amount of interest will end up winning the certificate.

In general, assuming that you win the bid for the tax lien property certificate that you are interested is to foreclose on the assets that you have. This process varies from state to state but usually you will have to wait until the redemption period is over, in order to start the foreclosure procedure. The redemption period can differ anywhere from six months to a few years.

Here are the different types of liens:

1. IRS liens: IRS liens take precedence over any other lien on a piece of property. Once you find out the amount of the IRS lien, you may be able to speak with the IRS and negotiate how much they will accept to forgive the arrearage.

Tip: Make sure you get that in writing! Another little known fact is that after 10 years, unless the IRS renews the lien, the lien drops off their list.

2. Real estate liens: Those are the next on the priority list. Those must be satisfied. If you go to an auction and if enough money is paid for the property to pay off only the first mortgage, then everything beneath that on the priority list is wiped away. If you buy a second mortgage and then you have purchased everything above that on the priority list. You need to have completed your due diligence and know the lien priority.

3. Other liens: Other liens may include
Second Mortgage
Homeowners Association Fees
Mechanics Lien
Lawsuit
Judgment

All these other items go on the priority list by the date on which they were filed at the County Recorders Office.

Delhi Ncr Property Is Hottest Destination Of Real-estate In India

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Having property in the Metro cities such as Delhi NCR is not a simple task and it can be the particularly the daunting for first timer. Every person wants to be building his house in the metro cities but some time due to the lack of the information about properties we lost opportunities. Now main expensive industry is a real estate thus if you want to buy both property in Delhi NCR you must the aware about several facts. In the National Capital Region thousand of the property dealers are available who get some amounts percentage for each deal. In the NCR cities such as Gurgaon, Noida, Faridabad, Ghaziabad, Delhi are developing the very fast due to the New Delhi and the Employment opportunities.

You want to buy the Property in Delhi NCRarea you must recognize where you spend your money. There are available both types properties like commercial and residential. Types of the residential Properties include apartments, bungalow, flats, villas, plots and commercial properties Shopping, Mall, offices, companies are available but they all are very costly and may be the insufficient as per your require so you must know every property with the details like is it space full and its budget fit on your pocket. In the property in Delhi NCR are many events of fraud happen so it is the better to know generally about of the property you want to the buy. If you sore to buy any properties (The Residential and The Commercial) then you must read these terms as given bellow:—-

Property Dealer should be the registered
Property follows the rule of Government
Property should be the legal
Space of the parking should be available in Society
Transportation services available
Close to the Hospital, Police Station and Railway Station
Proper Water supply available
Proper Electricity supply available
Other points like Gas connection, Security, power back up, society maintenance, lift facilities should be available

Deepchand Saran tells you a property dealer in NCR, who is renowned in property dealers of Delhi NCR and Honesty. Taniyaestate are providing many types properties in the NCR.

South Delhi The Most Happening Residential Place In Delhi Property Market

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South Delhi is the most happening residential place in Delhi property market. The major residential localities in South Delhi include: Ashram, Amrit Puri, Alakananda, Anand Lok, Amar Colony, Bijwasan, Bhogal, Bikaji Cama Place, C.R. Park, Defence Colony, Central Market, Delhi Cantt, Dilshad Garden, East Of Kailash, Deoli Village, Freedom Fighter Colony, Ghitorni, Friends Colony, Gautam Nagar, Golf Link, Hauz Khas, Green Park, Greater Kailash, Gulmohar Park, Jasola Vihar, Kailash Colony, Jungpura, Jasola Vihar, Jamia Nagar, Kailash Colony, Lajpat Nagar, Kalkaji, Khan Market, Nehru Place, Munirka, Mahipalpur, Mehrauli, Malviya Nagar, Malviya Nagar, Netaji Nagar, Okhla, New Friends Colony, Nizamuddin, Okhla Industrial Area, Niti Bagh, Safdarjung Enclave, R K Puram, Panchsheel Park, South Extn., Sudarshan Nagar, Sheikh Sarai, Saket, Sangam Vihar, Sarojini Nagar, Sarita Vihar, Sarvpriya Vihar, Vasant Vihar, Sunder Nagar, Vasant Kunj, etc. Being the most prominent residential parts of Delhi, the real estate market in these locations of South Delhi is vibrant with talks, deals and transactions.

South Delhi has been rated to be the most preferred residential place of most of the people who look for a hassle-free accommodation. Be it businessmen, corporate executives, government servants or public sector employees, South Delhi is their first choice when residential property matter is concerned. This has made property market in this location very much vibrant and active. Hotel Leela Ventures Ltd. alone has invested recently Rs.611 crore in this region primarily because of the popularity of this place. It was through a highly competitive bid the Leela group acquired the property. The group outbid other players such as Emaar-MGF, Indian Hotels, Uppal Builders, ITC, Park Hotel, Positive Builders, etc. to grab a 3-acre estate in the heart of Delhi by paying a hefty sum of Rs.611 crore against a reserve price of Rs.300 crore. Reportedly, this high priced plot is to be changed into deluxe apartments and other residential complexes.

There are reasons for the upward trend in South Delhi residential property market. A high-paying corporate sector, Central and State Governments’ salary hike, presence of world class property developers building trendy residential units, etc. have lent a fillip to the real estate market in the region. Estimably, property values are to go up in the coming years as there is a mismatch in the demand-supply matrix. The national capital of India, a leading industrial centre, the primary educational centre, etc. are factors which trigger migration to Delhi and this in turn has augmented the demand for residential property in South Delhi. However, a number of mega residential unit projects of the major infrastructure development companies are going on at different locations in the city.

Tips to Speed up the Process of Selling Property

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Reports and studies reveal that property investors are increasing at an exponential pace. People residing in different parts of the world invest money in property to earn high returns. Considering the results of these studies, one may think that it is easy to sell a property. But, upon entering the market it can be easily seen that selling a property is not as easy as it appears. A seller has to market his property in the right way to the right people so that deal can be finalized in minimum possible time. People who deal into sale and purchase of property frequently are aware of marketing tactics. And those who are selling property for the first time can refer to the tips mentioned below.ow.

Let People Know – People would come to buy your property only when they know it is up for sale. There is nothing wrong in putting up signboards in your yard. For best results, think of some creative ideas for making attractive signboards.

Paint Your Property with Attractive Colors – In Burlington Vt real estate industry, people believe in the saying – -First Impression is the Last Impression-. If the property does not look good from outside, nobody would bother to enter in and have a look. To sell off your property without waiting much, paint it with bright colors.

Keep Your Surroundings Clean – It is true that one should keep his surroundings clean always but extra care should be taken when you are selling off a property.

Get the Building Repaired – You are no more going to live in that house but still you must get it repaired to get good price for your building. Repairing costs a few hundred dollars but it may increase the value of your property by thousands of dollars.

Run Ads in Newspapers – For quick results, run ads for your property in newspaper. By doing so, you cannot only target a larger audience but get quick queries too. Running ads in newspaper is not very expensive and can be taken help of with ease.

Inform Real Estate Agents About Your Property – Apart from running ads in newspapers, you can register your property with Burlington Vt real estate agents too. Find a list of agents in your area and ask them to bring clients for the building. These agents work on commission basis but are worth trying.

Take Help of Internet – Last but the most popular way is to list Vt real estate for sale on free directories available on the Internet.

Author Bio:-

John Smith has five year experience as a content author in Maple Sweet, Dealing in Waitsfield Vt Real Estate and property in Vermont. Get all real estate business information for Mad River Valley and Mad River Valley at maplesweet.com.

Hike in Collector rates – Property market in Zirakpur suffers

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Hike in Collector rates – Property market in Zirakpur suffers Owning a property in chandigarh has become a costly affair as the collector rate and the fee for getting building plan approved has been hiked by the authorities. A common man who is thinking of owning a small residential house in this region is hit badly by the hiked collector rates. Imagine, before April 1st, 2011, owning a small six Marla (150 sq yards) plot could be accomplished with the payment of Rs 75,000 (as collector rates) as compared to Rs 1,35,000 today for the same. The buyer will have to also pay Rs 45,000 for getting approval for building plan. The information about the hike is drafted on the basis of categories focused on location, for example the location of the property in concern is on the main road, on the link road, their placement in the municipal limit of Zirakpur etc. Registration rates for the land on the main road have been increased from Rs 1 cr to Rs 3.5 cr per acre. Similarly, the land rates have been fixed at Rs 1.5-2 cr per acre for the inner parts of property in zirakpur. Collector Rates Zirakpur Property LocationsPrevious NEW Main Road ( Per acre)Rs 1 cr3.5 cr Agricultural Land in Inner parts ( per acre)Rs 1.5 crRs 1.5-2 cr Commercial Property ( per sq yard)Rs 9,000Rs 18,000 Residential plots in named colony ( per sq yard) Rs 5,000Rs 9,000 Independent residential plots ( per sq yard)Rs 4,500Rs 8,000 Building Map Fees Residential Plot SizePreviousNEW 50-125 sq yardsRs 80Rs 323 flat rate for all sizes 250 sq yardsRs 213 Commercial plots All sizes Rs 350RS 2,815

For commercial properties the rates have been increased from Rs 9000 to Rs 18,000 per sq yard. The rates in approved residential colonies have been increased to Rs 9000 from Rs 5000 and for residential sites without any name of the colony; the rate has been fixed at Rs 8,000 per sq yard.

Hiking and fixing a same cost for building map approval fees for all sizes of plots will have direct impact on the property owner of small residential houses as it was Rs 80 instead of Rs 323 per sq yard now. For commercial property, there is a substantial hike in the rates; it has been increased from Rs 350 per sq yard to Rs 2,815 per sq yard. According to property consultants, -an end customer / buyer in the region would opt for flats in developments instead of plots due to hike in collector rates and building map approval fees-.