Edith Lank
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IRS revises rule to qualify for home seller's tax breakSep 19, 2009 11:00 pm - Q. In 2004 we purchased a condo in Florida. We have rented it over the years and have also spent time in it ourselves. We are about ready to sell this property. We were...
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Allowing buyer to move in before closing is not advisedSep 12, 2009 11:00 pm - Q. After four months of our buyer trying to get financing, the last hurdle for him is to wait another two months for clearance on his work visa. We don't want to lose th...
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Cosigning a mortgage is asking for troubleSep 05, 2009 11:00 pm - Q. I'm looking at going into a loan as the "co-borrower." What does this mean in terms of my legal claim to the property when we decide to sell? A. Not a thing. Ta...
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Realtors are usually paid by sellers at closingAug 22, 2009 11:00 pm - Q. We're first-time homebuyers looking into buying a foreclosed house. We've been working with a Realtor who has been sending us listings, taking us on tours, etc. We've...
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As deadline nears, more tax-credit questions arriveAug 15, 2009 11:00 pm - Q. My husband says we can get that first-time homebuyer tax credit, $8,000, for any house we buy this year, whether it's new or old. I said I'd double-check. Is that for...
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Title insurance is a wise choice with troubled builderAug 01, 2009 11:00 pm - Q. My husband and I are buying a repossessed, foreclosed house from a bank. It is a new house, and we know for a fact that many of the people who worked on it or supplie...
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Homebuyer has leeway in making a 'reasonable' offerJul 18, 2009 11:00 pm - Q. In today's market, is an initial offer of 10 to 20 percent below list price considered reasonable and acceptable? A. There's no way I can judge what a particular...
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Non-married homeowners find a tangled web when they break upJul 11, 2009 11:00 pm - Q. My sister and her boyfriend bought a home one year ago; all payments have been on time. They broke up and now co-own a home which my sister wants to keep and the boyf...
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Below market value for a quick saleJul 04, 2009 11:00 pm - Q. Help! Our 72-year-old friend is undergoing severe stress with a son in Iraq and estranged daughter-in-law and grandchildren. She wants to move out of the home she's b...
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Seller pitting buyers against each other, even after counterofferJun 27, 2009 11:00 pm - Q. We offered on a house, and the seller countered with $10,000 less. It had gone back and forth, and finally the seller had made a counteroffer we accepted within the h...