Edith Lank
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On homes and real estate: IRS now waives tax on forgiven mortgage debtNov 18, 2011 11:00 pm - Q. My husband lost his job, and we could not afford house payments in addition to our medical bills. At the end of 2010, we had a short sale. We found a buyer and th...
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On homes and real estate: To lend or not to lendNov 05, 2011 12:00 am - Q. My son is going through a divorce, his credit is terrible, and I am his only hope of keeping his home. I want to help him out, as I’m concerned about his ability ...
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On homes and real estate: Signed the listingOct 29, 2011 12:00 am - Q. After I spent several hours with a broker preparing (and signing) a listing contract, she said, “Let’s go outside so I can see the back of the house.” We were sho...
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On homes and real estate: Rent with option to buyOct 15, 2011 12:00 am - Q. My tenants signed a rent-with-option agreement to close in May 2012. They’ve maintained the property for 16 months and paid the rent on time. Their credit may not...
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On homes and real estate: Lenders disclose different interest ratesOct 08, 2011 12:00 am - Q. I notice how many mortgage companies mention an interest rate and then an APR a bit higher. How is this annual percentage rate calculated? Is it simple or is it a...
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On homes and real estate: A natural for a reverse mortgageOct 01, 2011 12:00 am - Q. I don’t have a close relative and I’m now reaching age 90. I don’t want to enter a nursing home. I own my home with a large equity. I have most of my cash used u...
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On homes and real estate: Happily ever afterSep 24, 2011 12:00 am - Q. Nine years ago, you took the time to advise us not to turn over our home to our seven kids. We took your advice and have lived happily ever after. Thanks. PS: Fo...
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On homes and real estate: Assessment too lowSep 17, 2011 12:00 am - Q. I’m planning on selling my home within the year. My assessment hasn’t changed for years. My neighbors complain about high assessments, but my house is at least $1...
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On homes and real estate: Co-signer of loan surprisedSep 10, 2011 1:00 pm - Q. I am the co-borrower on an owner-financed property. I recently found out the mortgage bill was not being paid when I received a summons to court. I never received...
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On homes and real estate: What’s worth doingSep 03, 2011 12:00 am - Q. I am contemplating selling my home. I would like your opinion on whether I should have painting done, carpeting replaced and possibly new sliding glass doors inst...