A land contract is nothing more than a rent-to-own agreement. It is NOT a purchase transaction, it IS an agreement to purchase the property at a future date. A land contract IS an agreement to purchase a property at a future date, at an already agreed-upon price,...
The only thing worse than bad news…is bad news later! Kill the monster while its small! Do NOT let it continue to grow, getting uglier and nastier every hour. Don’t put off sharing bad news. Don’t be afraid to address the potential “tough stuff”, gently, directly, and...
Estimating escrows in KY is the SAME in all 120 counties. [What’s “escrow”? – For all non-lenders: Your monthly payment usually includes the amount to pay back your loan each month (principal and interest), plus 1/12th of your annual property tax bill, and 1/12th of...
Property Taxes in Kentucky (Fayette Co. is below) 1. They are paid in arrears, annually, on a calendar year. 2. All bills get mailed out sometime during the month of October, by each county’s sheriff’s department. 3. Tax bills most always get mailed to whoever the...
