Tom Resnick
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Living trust is an easy way to formalize a parent's wishesSep 05, 2009 11:00 pm - Q. My mom has owned her home for more than 40 years. She is 85 years old and her home is basically her only asset. She wants her home to go to her three children when sh...
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Poor housing market can justify tax breakAug 15, 2009 11:00 pm - Q. There have been numerous foreclosures in our area over the past two years. We have been following what the homes have been sold for after they were foreclosed by the ...
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Flood plain drowns couple's hopes of raising some cash off landJul 11, 2009 11:00 pm - Q. My wife inherited a fairly large vacant piece of property. We would prefer not to sell it now because of the market but we could really use some cash. We tried to get...
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Buyers frustrated with short sale taking too longJun 27, 2009 11:00 pm - Q. My husband and I signed a contract to buy our first home about two months ago. We were told this was a short sale and that it may take a little extra time for the dea...
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Negotiate a signed release to back out of contractJun 06, 2009 11:00 pm - Q. My wife and I signed a contract to purchase some vacant property. We put down about $20,000 and were scheduled to close at the end of June. There was no financing con...
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Home addition foiled by line restrictionsMay 16, 2009 11:00 pm - Q. My husband and I wish to put an addition onto our home. We had someone draw up some plans and we submitted them to the village so we could get our building permit. We...
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Subcontractor caught in middle of foreclosureApr 11, 2009 11:00 pm - Q. I was hired by a general contractor to do the heating and air conditioning work on a very large residential rehab. The total cost of my work was around $45,000. A...
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Second mortgagee needs to see some money to release a lienMar 21, 2009 11:00 pm - Q. My husband lost his job about a year ago and after struggling for months to pay our two mortgages, we have finally given up and realize we cannot hold on to our home....
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When landlord nears foreclosure, renter must be cautious in buyingMar 07, 2009 10:00 pm - Q. I have been renting the house I am living in for about four years. Last month, when I paid the rent, the owner told me he has to sell the place because he is behind o...
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Buyers may lose earnest money if they back out of dealFeb 21, 2009 10:00 pm - Q. We sold our home about a month ago. The contract had a paragraph that stated that if the buyer could not get financing, they could get out of the contract. The co...