Edith Lank
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You likely will have to pay taxes after selling a home you inheritDec 19, 2009 10:00 pm - Q. Are we required to pay 28 percent capital gains taxes on a house we are selling? The house was signed over to my wife and me in 2004 from my mother who is in a nursin...
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When buying real estate, is an e-mailed offer legally binding?Dec 05, 2009 10:00 pm - Q. The buyer has agreed to my terms to a counter, but we only have talked via e-mail. I have not sent his Realtor the signed contract. Am I still obligated by law to go ...
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Real estate agents deserve commission for their workNov 28, 2009 10:00 pm - Q. We are planning to list our home for sale with a real estate agent who we have known for several years; she has shown us homes from time to time. On my own time, I re...
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Parental loan should help couple get first-time buyer's creditNov 07, 2009 10:00 pm - Q. Our son and his wife have never owned a home. If we give them an interest-free loan to buy a home and the house is put in their names, will they qualify as first-time...
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Can the new $8,000 home buyer credit be used as a down payment?Oct 31, 2009 11:00 pm - Q. I am a first-time homebuyer with very little money for a down payment. I am extremely interested in the column where you stated that the $8,000 tax credit can be used...
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Mom's retirement money shouldn't be in real estateOct 24, 2009 11:00 pm - Q. My family has owned a property for a few generations in the "hub" of a city. The house is ready to come down for sure. We are in the process of subdividing the lot in...
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There are inherent dangers to cosigning a mortgageOct 17, 2009 11:00 pm - Q. My daughter and her husband want her mother to cosign their mortgage. What are the good and the bad sides of committing to cosigning their mortgage? They promise to r...
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It's important county recorder gets proof of mortgage payoffOct 10, 2009 11:00 pm - Q. Once a mortgage and/or a refinance is completely paid off, does one need to keep all the original paperwork? A. I hesitate to tell you it's all right to throw ou...
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Advantage of FHA loan is lower down payment requiredOct 03, 2009 11:00 pm - Q. Who can qualify for FHA home loans? What exactly is necessary, moneywise, closing costs, credit? How do I contact them? Do I consult a Realtor to do this? A. Ther...
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For a prompt sale, set a bargain priceSep 26, 2009 11:00 pm - Q. We are looking to sell our house, but need out quickly due to some problems. At this point, we don't care to make any money, just want our current mortgage to be paid...