Housing / Real Estate Questions
follow up on previous question
thank you for your answer.. I will pay down my home equity $30,000. it will take about a year.I have...
Re mortgage — paydown before retirement, or not?
We owe $30,000 on our home with 2 years left on the loan- have no credit card debt and one...
Paying down my line of credit
MY MORTGAGE IS 230000.I HAVe 30000 LINE OF CREDIT. I have 70000 in 401k. No liquid cash..do I save up...
mortgage renewal
My $310,000 mortgage is maturing on April 15. However, my house is going up for sale on April 1. What...
INVESTMENT PROPERTY in Florida
My husband and I are both age 72 and are residents of Illinois. We are currently spending the month March...
home sale exclusion of gain
Dear Terry, Can you please tell me if the IRS audits all home sales for ownership and use tests regarding...
landlord exemptiom
I am a landlord in cook county and the real estate taxes are breaking me my house depriciated 33% and...
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. ...
