Edith Lank
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Sellers obligated to leave home in ‘broom-clean’ conditionDec 01, 2012 3:30 am - Q. I have sold my house and we are currently in the process of moving out. Are there any rules or regulations about what can be left behind that you just can’t get rid o...
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Most of the time, profits on a home sale are not taxedNov 17, 2012 4:30 am - Q. How old do you have to be to qualify for that homesellers tax break? Also, what is the legal age to become a senior citizen? 55, 62, 65? This is always confusing. A. ...
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The federal sales tax excluson on home sales still in effectNov 03, 2012 5:30 am - Q. Did you know there will be a 3.8 percent tax on homes sold in the year 2013 to finance the Obamacare program? A: No, there won’t. You’d have to make more than half a...
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New tax rumors wrong to tie home sales to health careOct 27, 2012 5:30 am - Q. Is it true that starting in 2013 if you sell your home there will be an additional 3.5 percent sales tax on the seller to help fund “Obamacare”? A. No, it’s not true....
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Extra insurance covers a potential, but unlikely, closing problemOct 20, 2012 5:30 am - Q. We have completed just about everything needed for our house refinance. We got a note from the title insurance company offering us Closing Protection Coverage. I’d ne...
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It may be difficult to buy the eyesore next doorOct 13, 2012 4:30 am - Q. A house next door to us has been empty for a few years, and the only real maintenance is cutting the grass. A company did pump the basement several times the first tw...
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Home equity line of credit is basically a second mortgageOct 06, 2012 5:30 am - Q. I paid off my house, but I have a home equity line of credit for $40,000. The balance I owe is about $3,000. The county clerk won’t give me the deed because the $40,0...
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Refinancing your mortgage makes sense, despite tax deductionSep 29, 2012 4:24 am - Q. Please settle an argument between me and my husband. I want to refinance our home mortgage loan. Our current rate is 7.5 percent for 11 more years. We have a chance ...
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Pros and cons of holding a mortgageSep 21, 2012 9:20 am - Q. I am going to sell a house I rent out, and I never went through anything like this before. What about holding a mortgage? What percentage should you get for down paym...
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On homes and real estate: Siblings may squabble over inherited landSep 17, 2012 1:29 pm - Q. I (along with two brothers) have inherited property from my father (deceased in 1957). It was understood that my mother had the legal right to live on the property, t...