When transferring home ownership, be aware of the tax implications that could cost you a lot of money. Q: My brother wants to transfer ownership of his home into my name and I need to know what the tax implications are for him and me if we do this. He received a settlement from his [...]
We're rebuilding America one house at a time, recovering the housing market by homeowners working on their own personal finances individually. This is how we'll get through the Great Recession. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show on February 17, 2013 at 11:00am Eastern [...]
Do you have noise issues with rotten neighbors? How to deal with neighbor issues in a homeowner's association. Q: I borrowed your book for first-time home buyers from the library a few years ago. I need to read it again and this time I’ll buy it. But in the meantime, I’m hoping you can answer [...]
Getting a quitclaim deed after divorce is necessary to remove a spouse's name from the property title and mortgage. Q: When I was married, my wife and I purchased a home with a VA loan. My wife and I later divorced and I was awarded the home in the divorce and it states so in [...]
If your are having problems with seller disclosure about moving a manufactured home, you may have a legal case against the seller. Q: We have a problem. My son purchased a manufactured home last year at the age of 21 and obtained an FHA mortgage on the home. It appears that he should have never [...]
Trying to decide if you should buy a new house and rent out your old house? A good idea is to decide whether it will be a short or long term investment. Q: My wife and I have saved about $225,000 and want to buy a bigger home with the cash. We owe about $120,000 [...]
S&P faces civil lawsuit for selling bad mortgage loan bonds, a result of risky loans from mortgage lenders. This was a huge impetus for the housing market crisis. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show on February 10, 2013 at 11:00am Eastern Time on [...]
When thinking about how to protect your property from a lawsuit, you might want to consider setting up a trust. Q: I bought my house 20 years ago and today it is worth $300,000. I owe about $150,000 and have about 10 years left on a 15-year mortgage. The interest rate is 5.125 percent, and [...]
Do you have house deed problems? If you want to know more on how to prove property ownership, first talk to a real estate attorney. Q: I have a little bit of a unique situation here. We purchased a house in September 2011, in Minnesota. My fiancée’s great grandmother is the one who took out [...]
The real estate outlook for 2013 continues to look muddled: While new home sales increased in 2012, the economy still struggles. Each week, pundits step forward to proffer yet another prediction about where the housing market is going. Since 2006, when the housing market began its descent into madness, all we’ve heard that the residential [...]
