Housing / Real Estate Questions
Cook County Real Estate Exemptions
The single-family house (located in Cook County) is deeded to my mother's estate (my mother is now deceased). The house...
Short sale and asset protection
I have land in Florida "underwater" and bank loan on this investment for $90,000 ($100,000 in 2006) for 34 years...
Revolving home equity loan
What can one do?. Interest rate is at 14.99%, no equity in home. Mortgage is under water; no one will...
OWNERS TITLE POLICY
When our sister passed, myself and two other siblings inherited her estate which included her home. The home recently sold...
WGN discussions mortgage refinancing
Can you give me the email address of the person ( Leslie, I think) who you mentioned on WGN this...
capital gains on sale of home
I'm a disabled widow with an income of $12,000 a year I sold my home for 35000 do I owe...
Line of credit
I have a line of credit at 3.29 and a balance of 168,00.00 which is owed. My house is paid...
refinancing a home loan
Terry , we live in the Naperville/Aurora area. Can you recommend someone we can speak to about refinancing our home...
Living Trust and Real Estate Owned with Daughter
Hi Terry, my wife and I are setting up a living trust in order to pass on our estate to...
“walking away from my mortgage
what are the legal & financial consequences of "walking away" from your house/mortgage? Terry Says: Oh gosh, I hate to...
Should I pay off my mortgage before I retire?
Terry, I'm a 66 year old female who is still working with a gross salary of approximately %55,000 a year....
Reverse Mortgages
Hi Terry, My spouse is retired. My spouse is always jotting down contact info for reverse mortgages. What are reverse...
i’ m 73 yrs old,doi have to pay fed.tax after selling my house ?
Do i have to pay fed. tax after selling my HOUSE/ Terry Says: That all depends on your cost basis. ...
Mortgage dilema
I owe about 250K on my home. It is worth about $525K. We built it for $615K. The interest rate...
What to do with a large sum of $$$ earned from real estate?
He Terry, I am a commercial real estate broker and I am expecting some large commissions that will double what...
refinancing
Hi Terry, just heard you on WGN! I have a 30-Fixed FHA mortgage, 5.5%. My home is probably worth the...
Chapter 13/mortgage refinancing
Dear Terry, April of next year we will have completed a chapter 13... We have a 30 year ARM mortgage...
using IRA to buy primary residence
Hi Terry...I am 67 yrs. old and retired. I want to sell my old house and use money from my...
Living trusts and out-of-state rental property
Can California real estate condos be covered by Living Trust prepared by Illinois lawyer for Illinois resident. Condos are rentals....
Capital Gains
I have a rental home in California we bought in 1986 for $100,000 and can sell for around $360,000. that...
