Refinance Adds Years To Mortgage Payoff Q: My husband and I refinanced our home in 2010. Years later, our mortgage was sold to another lender. I was slow on this but I noticed that the maturity date of the new account is showing 8 years beyond when our original mortgage was to end. I've tried [...]
How to Evict My Brother. A reader wants to know how to evict her brother who hasn't paid rent in 13 years. Q: I'm wondering how to evict my brother. We own a house that has been converted into two apartments. My brother has been living in one of them for 13 years. He has [...]
What is a 1099S Form? Who do I get it from? Q: What is a 1099S form? I just sold my house and moved into a 55+ community. The community had an entrance fee. And, I now pay rent on my apartment every month. I want to be prepared for filing my 2024 taxes. My [...]
Paying Off Mortgage: House in Trust Q: I watched one of your videos about paying off your mortgage and I have a question. I have a living revocable trust and my home has been titled in the name of the trust. My mortgage will be paid off soon. Let’s say I die. and at that [...]
How to Pick a Home Inspector Q: I need to know how to pick a home inspector. On your website, you stated that people need to research the person they hire to do a home inspection. Can you please provide the methodology and resources with which to do this. Most websites are populated with 'ringers' [...]
Estate Plan Mistake Q: I'm wondering if my husband made an estate plan mistake. He died without a will. We have one son and when my husband passed, my son and I signed an agreement that said if I sold any of the properties, we’d both need to agree to the sale. When I sold [...]
2024: Worst Year for Home Sales? Just before the election, the National Association of Realtors announced that 2024 would likely be an even worse year for home sales than 2023. It could wind up as the worst since the late 1990s. Existing home sales fell one percent in September to a seasonally adjusted rate of [...]
Avoiding Capital Gains Tax When Selling Vacation Home Q: We are selling a vacation home. We were told that we should put some of the money from the sale of the property into a 1031 to avoid paying a 28 percent tax on the sale. Is there another way to avoid paying capital gains tax? [...]
Joint Financial Accounts: Pros and Cons Q: Could you explain the pros and cons of having joint financial accounts with a daughter? I also own my home with her as well? My husband has passed away. I have a will and other needed documents. A: We’re sorry for your loss. We understand how having joint [...]
Co-Signing a Mortgage? You'll Need These Docs Q: My daughter is buying a home. The mortgage company wants me to submit a ton of information in order to be her co-signer. They want all pages of my bank statements for the last three months and my tax returns for the last two years. They also [...]
