Editorial

Tom Resnick

Columnist

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items 1-10 out of 132


Requirements must be met to put a lien on someone’s home

Nov 15 2017 | 3:23 pm - Q. I bought a car from a friend of a friend. I agreed to pay him $750 a month for one year, which we both agreed would cover the cost of the car. I stopped payments after the car needed repairs, and it looks like the seller has filed a lien against...

Court costs and attorneys fees are not the same thing

Oct 24 2017 | 9:54 am - Q. I was a tenant in a guy’s condo for a couple years. I lost my job and the landlord sued to have me evicted. The judge said I had to pay him $850. Yesterday I received a letter from him saying he spent $900 on his attorney and he also wants...

Escrow fund should not be short right after closing

Oct 06 2017 | 10:01 am - Q. We purchased a condo in May of 2010 and immediately rented it to our daughter and granddaughter. They lived there for seven years and in 2017 we sold it to her and we closed on the condo sale. After only a very short time, my daughter has...

Couple discovers past loan still a “lien” on their home

Aug 25 2017 | 12:36 pm - Q. My wife and I are in the process of obtaining a home equity loan for our co-op apartment. We currently have one mortgage on the co-op and are obtaining a home equity loan from a second bank in order to renovate the kitchen. Everything was going...

Best to keep up your utilities on, and record clear

Aug 11 2017 | 10:56 am - Q. My tenant is living in my rental house, has not paid rent or utilities and the lease states that the tenant is responsible for utilities. The utilities are in my name.

If rental unit is unlivable, get city involved

Jul 14 2017 | 12:35 pm - Q. I rented the lower level of a house in Naperville about 18 months ago. Recently I had to contact my landlord regarding not only mice but mold.

A 1031 exchange delays, not eliminates, capital gains taxes

Jun 02 2017 | 9:23 am - Q. I have a question about a 1031 exchange. Am I required to use the entire proceeds from my sale on my purchase of the new property or can I take some of the proceeds from my sale and use the balance for my purchase?

It’s fairly uncommon for seller to stay past closing

May 19 2017 | 3:44 pm - Q. My husband and I are buying our first home. We have agreed on everything with the sellers except for one thing. They are an older couple and need extra time to move out.

Radon level can be contentious in sale negotiations

Apr 21 2017 | 4:53 pm - Q. My husband and I signed a contract to purchase our first home. We did a radon test as part of the home inspection. The test showed the radon levels were above the EPA guidelines.

Buyers have legal remedy for refrigerator switch

Mar 10 2017 | 1:16 pm - Q. My husband and I bought our first house a few weeks ago. The contract stated the refrigerator would be included. There was a beautiful new refrigerator in the kitchen and a very old refrigerator in the garage.

items 1-10 out of 132