Buying Your Spouse Out Of The House
Buying your spouse out of the house is not unusual, but take some consideration before getting a loan do so. Q: My ex-husband wants money before he signs the house over to me. We have no mortgage on the home. I’d like to know if I can take home equity loan just to pay him [...]
How to Afford Your Summer Travel Plans
How to afford your summer travel plans without totally breaking the bank, or taking out potentially risky travel loans. Have you considered taking out a travel loan to pay for a vacation? I read an article on MarketWatch about several companies offering payment plans for flights, hotels and amusement. Each company offers different loan terms, [...]
How to Manage a Life Estate
How to manage a life estate: This older form of transferring an estate can cause a lot of confusion. Here’s what you need to know about your obligations. Q: My dad quit claimed his house to me but if he wants, he can live there his entire natural life. Does that mean I own the [...]
How to Sell Your 1031 Exchange Inheritance
How to sell your 1031 exchange inheritance in order to avoid complications with taxes after the sale. Q: I have inherited a 1/3 interest in a property that is part of a 1031 exchange. The total value of the property is being split between 3 heirs and is worth about $150,000. Is there any way [...]
Millennials, Money and Mortgages
When it comes to money, Millennials are doing better than many people think. And yet the vast majority are still fretting about their money, even as the oldest part of the cohort has begun applying for mortgages. Let’s start with money. Millennials (age 23 to 37) are saving money. There’s no doubt about it. Nearly [...]
What Happens to My Timeshare After My Death?
What happens to my timeshare after my death? Scammers will try to convince you that your children will be responsible, but is that really the case? Q: I just read your article about considering fees and finances before inheriting a timeshare. As a timeshare owner who cannot sell or give his timeshare away (because, as [...]