Reverse mortgage versus home equity line of credit
Q: We need money to pay for some personal matters. We are both 65 years old and have a small mortgage on our house but have plenty of equity. We...
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Selling your home? Triple-check mortgage payout statement
Q: We are in the process of selling our house and just received a payout statement from our lender. We don't think the numbers are correct. What can we do?...
What should a condo board member do if he or she suspects embezzlement?
Q: I am a board member of a 48-unit condo association. Our property manager has been transferring funds from our reserve account to our operating account without prior approval. Our...
Can renter break lease if appliances are broken, heat is sparse?
Q: At the end of September, I rented an apartment. The owner took time to add a lengthy rider but failed to disclose broken appliances and bad windows. In the...
A will isn’t the only way for parents to transfer property to a child
Q: I am in my early 80s, and have a house that is worth at least a million dollars. There is no mortgage. My son and his wife have expressed...
How do snowbirds define their domicile?
Q: My husband and I are snowbirds — in the summer we live in New England, but we move to Florida when the weather gets cold. We have been asked...
Can one realty agent fairly represent both buyer and seller?
Q: What do you think about dual agency in real estate? A: That's easy to answer. While I know that dual agency is allowed in almost every state in the...
If state law allows marijuana use, can condo board prohibit it?
Q: Can smoking of tobacco and cannabis be prohibited in units? This is becoming complicated with cannabis being legalized in some states and the District of Columbia, decriminalized in others...
How can a condo owner thwart sale of the building to a developer?
Q: I currently have a condo unit that I rent out to a tenant. Recently, a real estate developer called me and left a voicemail message about selling my unit...
A primer on condo association reserves
Q: Our community association just announced that our monthly assessment fee increased as of January. The reason is that we do not have enough reserves in our budget. What are...