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Tammy Doran REALTOR® (DRE License Number 01169651)
Intero Real Estate Services
175 E. Main Avenue, Suite 130
Morgan Hill,  CA  95037
408.691.8269
408.201.0146 
Contact Me
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Is escrow account for taxes, insurance necessary?
DEAR BENNY: Why does one have to pay monthly insurance payments in escrow to the lender? Also, after having paid this payment in escrow for five to six years, why can't this be cancelled? –Marcelle
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Avoid tax when gifting down payment
DEAR BENNY: Our son is looking to buy a house and we promised to help him with the down payment, or part thereof, of approximately $100,000. What is the best way to do that to avoid any gift taxes? Can we give him the money as part of his future inheritance, which won't be taxable up to a certain amount? Or can we give him the money and ask for a promissory note, and then my husband and I both can "give" him $12,000 yearly until the note is paid off?
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Top reasons home won't sell
It's a challenging home sale market for sellers in many areas around the country. Sellers who are having difficulty selling have several options.
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Tammy Doran
REALTOR®
Intero Real Estate Services
175 E. Main Avenue, Suite 130
Morgan Hill,  CA  95037
408.691.8269
408.201.0146 
Contact Me
Visit My Web Site
Equal Housing Opportunity   
  
Seven rules for room additions
If you're happy with your home and your neighborhood but are craving a little more space, maybe adding on is a better alternative to moving out. Room additions can be a terrific alternative for many homes, adding space for a growing family and adding resale value at the same time. ...more
 
Sellers face new dilemma in timing the market
Some sellers have been biding their time for three years and now wonder if they should continue to wait or bite the bullet and sell now. ...more
 
Good Faith Estimate contains some 'quirks'
As of Jan. 1, 2010, the Department of Housing and Urban Development (HUD) required lenders to provide mortgage borrowers with a new three-page Good Faith Estimate (GFE) to protect consumers who are applying for a mortgage. ...more
 
Share your love of California at www.yourpieceofcalifornia.com
There’s no doubt about it. California is a great place to live. Eternal sunshine, miles of gorgeous beaches, majestic mountains, and beautiful stretches of desert – this state has something for everyone. With so much to offer, it’s no wonder everyone would like to own their own piece of California. ...more
 
Protect real estate from Medicaid
DEAR BENNY: Seven years ago, when my mother was 80, my husband and I purchased cooperative apartment shares in a senior complex for her to live in. Since at least one of the tenants had to be over 55, we put her name on the shares, as well as my name. The actual paperwork reads: " 'My Mother's Name' or 'My Name' as joint tenants with right of survivorship and not as tenants in common." ...more
 
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