Housing / Real Estate Questions

First Time Condo Buyer

How does refinancing work? My son was quoted 7.25 for his mortgage. He will be purchasing a condo in Lakeview..

Proceeds from the sale of my home

My home is located in CA , i have lived in it for 5 yrs. I moved to MT to..

Solar farm lease

We been approached by a company to lease our 15 acre property to install a solar farm. Have you had..

Capital Gains Tax

I sold my Dads home last year. What can I deduct to avoid paying Capital Gains Tax?

TOD

After I pass what do my survivors do with the Transfer of Dead that has been registered in cook county..

Re: Social Security – sale of Mother’s house

What was the form to fill out for Medicare not to increase due to a one-time increase in earnings due..

Home paid off/ how can I use my home toward this purchase?

What would be my best option other than a home equity loan to make this purchase?

best idea for first home buyer

Hi-My son is 24 and has been at his career job for 7 months. He lives at home to save..

Home Equity loan vs HELOC

I have a 2.75% rate on my mortgage. Which is best, a loan or HELOC? Which institution is best?

Escrow

Terry, Our mortgage company recently revised our escrow assessment and added nearly $500 to our payment for “shortage”. They also..

Second home sale

Hi Terry, We are selling our second home in January 2025. If we don’t buy a like for like home..

Pay off mortgage?

Doesn’t it make sense to use our Social Security payments, that we will just start receiving at age 70 by..

HELOC

I’m 73 and still working full time but plan on retiring in 2025. Our HELOC is balance 0 right now...

Real Estate Trust

Good Morning Terry, My father in law passed away 5 years ago and his house is in a Trust with..

Home purchase

Hi Terry,…..I am 60 years old and interested in buying my first house. I may be interested in buying a..

Inherited home

My friends mom died, he inherited her home. He has moved in but the home is still in his mom/dads..

Capital Gains Taxes on a Trust House in Chicago (Northside)

My wife is the Trustee of her late father’s brick bungalow (in the city) that was put into a Trust..

capital gains on home sale

We sold our home in July. We haven’t bought another home yet. How long does a couple have to buy..

Mortgage refinancing

We were thinking of using the home acquity of our home. We’re going to do the refinance And include in..

Depreciation Recapture Tax

We purchased a condo in 2011 and have rented it out since then. Each year, the rent we collected didn’t..

money

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