Pros and cons of a life estate
Q: My cousin and disabled elderly aunt are living in a house that my aunt sold about four years ago in which the agreement included lifetime living rights without the...
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A potential tax trap with family real estate deal
Q: My mother wants to sell me a house next door to hers. I do have two sisters. Anyway, my mom wants me to start paying her $400 per month...
Did honesty raise borrower’s rate?
It was to help out a relative. While going through the application process, we were completely honest about the reason for the loan. My credit rating is very good, and...
File lien against deadbeat condo owner
Q: My wife and I own a vacation condo in a small development on a lake in Wisconsin. There are about 32 units in the condo complex, of which 20...
File lien against deadbeat condo owner
Q: My wife and I own a vacation condo in a small development on a lake in Wisconsin. There are about 32 units in the condo complex, of which 20...
Did honesty raise borrower’s rate?
It was to help out a relative. While going through the application process, we were completely honest about the reason for the loan. My credit rating is very good, and...
Starker exchange could defer capital gains tax
Q: I have a rental house I have owned since 1977. It currently grosses $1,400 per month. The house is 120 years old and I have done most of the...
Starker exchange could defer capital gains tax
Q: I have a rental house I have owned since 1977. It currently grosses $1,400 per month. The house is 120 years old and I have done most of the...
Staying on top of extra mortgage payments
Q: I have a related issue to the recent question regarding payment of extra principal on a mortgage. A few years ago, I read an article that found banks and...
A warning about unpaid real estate taxes
Q: Subsequent to the purchase/settlement of my condo, I began receiving claims of delinquent real estate taxes that the seller had neglected to pay from a previous year, prior to...