Housing / Real Estate Questions
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...
Will reits go away anytime soon?
Will reits go away anytime soon? And if so, why? Thank you. Terry Says: REITS are Real Estate Investment Trusts...
Retirement with mortgage, and home upgrades?
I am over 60 and ready to retire. I have a 150,000 mortgage and 250,000 in a 401(k). I am...
Upside Down Mortgage Refi
Any suggestions for assistance on refi of upside down mortgage with a revolving loan at 14.49%. Mortgage bal 185,000, revolving...
Condo vs. returning to family home
Currently my mortgage and assessment exceed 60% of my income. Would it be wise to sell the condo and move...
REFINANCING small mortgage balance
Hi Terry, Is there any option,or can you suggest a strategy when the mortgage owed amount is only around 29,000.00...
Senior Citizen Assessment Freeze Exemption
My mother is 80 years old and has owned and occupied her home for 41 years. Twice we have applied...
Paying Down Mortgage before Retirement
We have approx. 160,000 left on our mortgage, we have about 600,000 in investments. My wife and I also have...
Underwater mortgage
I owe $40,000 more than my home is worth. I do not qualify for harp as my mortgage is not...
joint tenancy in an unmarried situation
I live in a new townhome for the last 9 years with my boyfriend...our intentions were to marry and build...
Cook county real estate tax exemptions
My mother age 70 is now living in my condo. She cant afford rent elsewhere, so i cannot sell this...
Cook County Taxes on late father’s house
Hi Terry, I have been searching the Cook County website for this question and did not find anything. My father...
Wisconsin property gifted by parents, shared with sister
Terry, Do you suggest having living trust done for my 1/2 of Wisconsin property that my sister and I were...
Timeshares
Thank you for taking the time to read this. Seeking information/advice for a reputable, secure & permanent solution to getting...
