Edith Lank
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Fee paid to real estate brokers varies by regionJul 20, 2013 12:30 am - Q. I would like to know what the commission rate is for sellers? A. If you want to know what brokers charge, you’ll have to ask them. There is no standard or legal commi...
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On homes and real estate: Buyer and seller should hire a lawyerJul 13, 2013 2:29 am - Q. My tenant has been renting from me for 18 years. He has received some money and wants to buy the house. It will be a cash deal. What have we got to do now to formaliz...
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What to do when the mortgage is paid offJul 06, 2013 12:30 am - Q. Years ago my uncle lent me the money to buy our house, and we have finally paid off the mortgage. You mention how important it is to have a satisfaction certificate f...
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Why the lawyer for a cash purchase?Jun 28, 2013 10:49 am - Q. I haven’t bought a house before, but I want to buy one now. I would be paying cash for the house. Everyone seems to mention having an attorney handle the purchase. Is...
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Is a ‘for sale’ sign in the yard necessary?Jun 22, 2013 12:30 am - Q. I don’t want a “for sale” sign on my front lawn. Is it a requirement? What if I don’t use a broker? A. A real estate broker needs permission to place a sign in your y...
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Older couple with debt should talk to housing counselorJun 15, 2013 4:30 am - Q. We moved out of our home because we could not afford to pay our two home equity loans and the upkeep of the house. We moved to a one-bedroom apartment. The bank has b...
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Seller should change price, not agentsJun 01, 2013 4:30 am - Q. I have been using the same agent for more than a year to help sell my house, and the contract is up for renewal at the end of this month. I think he has been doing ev...
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On homes and real estate: What’s going on?May 25, 2013 5:30 am - Q. We have found a home we like in what appears to be a great neighborhood, but of the 42 homes on that street, seven are for sale. And the one we like has been on the m...
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Heirs worry about 96-year-old with mortgageMay 18, 2013 4:30 am - Q. When my 96-year-old dad dies, will we heirs have to pay on his mortgage until the property sells? What happens if we don’t make payments? A. Your dad’s estate would b...
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Father can’t take back a $15,000 giftMay 11, 2013 5:30 am - Q. Twelve years ago, my dad, then 80, purchased a condo in Florida for himself and his live-in girlfriend. He paid $30,000 for it. His girlfriend contributed nothing. He...