Housing / Real Estate Questions

Taxes on Mortgage Buy-out?

Hi Terry, My ex-boyfriend and I bought a house together in 2019. The mortgage was only in his name and..

Heloc

If I take out a Heloc for home improvements 4-5 prior to retirement can I still sell my home?

Remodel or Tear down

I am a new widow, live in a spot my kids and I love, Fontana, Wi. My house is 1890s..

Gifting money from an IRA or 401K

I would like to gift my son money from my IRA or 401K for the purchase of his new home...

how long to keep records of mortgage refinancing

We have refinanced our house several times over the years and every time we do we sign all new papers..

HELOC

I have a $53,300.00 HELOC. I have no debt. My townhouse is worth about $250,000. I am 76 year old..

Mortgage refinance

Hi Terry, I’m looking to pull some money from the equity of my home to pay for repairs and credit..

Trust

Several years ago I set up my house in trust. However I have never been billed nor paid an annual..

HOA dictated deck replacement

Can an HOA demand money to replace our deck when replacement not needed. This has been done early December demanding..

How to get out of debt, sell my house?

I’m 73 years old. Own my own home with an approximate value of $300,000 with a remaining mortgage of $120,000..

Real estate

Hello Terry, I’m 53 years old and have never purchased a home. I’ve had an aversion to being tied to..

Foreclosure

Hi I was behind on my mortgage but was in contact with my lender and now I may be forced..

Reverse mortgages

Hello. My husband and I are 74 years old, and the balance on our mortgage is $165 thousand. With approximately..

Home loans — best deals

Is it better to use a credit union or a bank for a loan

Real estate & medicaid

My ex owns property (3/4), including the house he lives in with his sister. He took out a reverse mortgage..

Appeal Cook county reassessment?

Hi Terry! I live in Arlington Heights and my assessed value of my home went up from $274,000 to $380,000!..

Home Equity line of credit to buy another house

In order to be a cash buyer I would like to open a line of credit again my home It’s..

Amendments to remove home from a Revocable living trust.

I want to remove my home from my living trust so I can sell it . Do I need a..

Should I take a loan vs cash purchase for real estate

I am considering a purchase that is several hundred thousand dollars and am wondering if I should borrow the money..

whether renter should pay homeowner’s costs

Hi Terry, My adult daughter is renting part of a house that is owned by a friend, and the friend..

money

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