Housing / Real Estate Questions
Capital gains on a home sale
If I own my home outright and sell it for $400,000, my understanding the first 250,000 profit is ok. What..
Equity Loans within Trusts
I am the Trustee of my late Mother’s Trust. The Trust owns a condominium. I may need to access the..
Selling Home to Cash Company
Hello, I want to sell my home and move to a smaller house. I feel scared and not qualified to..
Mortgage
I own the mortgage on my daughter’s home. How do I report her interest payments to me? How can she..
Mortgage payoff
My son is down to a five-figure mortgage and is thinking of just paying it off. What would you recommend?..
2 HECMs
My spouse and I file joint but are separated, living next door to each other. Can each of us qualify..
First time home purchase at 63 years old
I just purchased a condo for $250,000. I want to put down $20,000 from my saving account. Would it be..
97yr old mother’smother’s property taxes
My second question about my mother is, she lives in Montgomery county Pennsylvania and I pay her property taxes. At..
Foreclosure
Terry, my husband died I tried several way to get the home put in my name but I couldn’t. I..
Buyout from a home
My friend bought me out of our home we owned. With that money I bought my own home. Will I..
Mortgage after owner’s death
Terry my mother passed away June 15,, we own a two flat that was paid off but she took out..
Real Estate Purchase, down payment question
Buying a condo, have the dollars to put up to 30% down. But wondering if it makes more sense to..
Step Up to parents house
A couple years ago we recorded a QCD from my mom to my mom , me and my 2 sisters...
First time home
My boyfriend and I are looking to buy our first home at 50 years old. I stay home with our..
Cash for house
Dear Terry, you have always answered my questions in the past, but not this time. Maybe it didn’t go through?..
Rental and Home Mortgage Payoffs
We own an apartment building in which we have $200,000 equity after paying off the loan. We also have a..
HOME TRANSFER
I’m 82 yr old widower. Good health. I’d Like to sell my single home to my son for one dollar..
Paying off mortgage vs. investing money
Good Morning Terry, We are both 65 years old and recently inherited some money. We are wondering if we should..
Reverse mortgage
Is a reverse mortgage safe and I need about 60,000 for a roof. I have money on the side that..
Options to avoid capital gains from 2nd home
My husband worked a few years in Colorado and moved back to Illinois where we have a townhome. We continue..