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Sell and Rent Back: Good idea for seniors?

By | June 5th, 2023|

Sell and Rent Back: Is this a good idea for seniors? Q: I have owned a condominium in Sarasota, Florida since 1978 and it's been my permanent residence since 2004. The character of it has changed and my costs have gone up. However, at 90, I don't wish to move. I've been thinking of selling [...]

House Title: How do I get title to my house?

By | June 1st, 2023|

House title: How do I get title to my house? Q: My mother died two years ago. She owned property but couldn't find a will. We know her wishes were for me to move back home to take over the property, pay the bills and do the upkeep on the property. We don't know where [...]

What is a Reverse Mortgage?

By | June 1st, 2023|

What is a reverse mortgage? And, why does a reverse mortgage hurt rather than help an elderly homeowner? Q: I was recently evicted from my home, where I lived with my mother before she died. This is due to a reverse mortgage. I am disabled and now have no home. My mother signed this loan [...]

Homeowner Association Problems

By | May 24th, 2023|

Got homeowner association problems? You're not alone. Here's what you can do. Q: I read the article you wrote about first-time homebuyers and homeowner associations. The State of Florida has a lot of gated communities and along with that typically comes a powerful homeowners association (HOA). Unfortunately, I didn't know that when I moved and [...]

Does Paying Property Taxes Give Ownership of the Home?

By | May 22nd, 2023|

Does Paying Property Taxes Give Ownership of the Home? Q: Someone paid my deceased uncle's property taxes before I could pay them. Does this mean that person now owns the property? The property has a mortgage on it. What should I do next? Does paying property taxes mean you own a home? A: Here’s the [...]

Do we owe tax on the sale of our parents’ home?

By | May 15th, 2023|

Do we owe tax on the sale of our parents' home?  Paying tax on the sale of your parents' home can be costly if you don't plan ahead. Q: My parents gave their house to their children but continued to live in it and pay all expenses related to the home. Life happened, and my [...]

What is a Homeowners Association and What Can It Do?

By | May 12th, 2023|

What to do when your homeowners association is making life difficult?  What do HOA's do? Q: I read the article you wrote about first-time homebuyers and homeowners associations. The State of Florida has a lot of gated communities and along with that typically comes a powerful homeowners association (HOA).  Unfortunately, I didn't know that when [...]

Will my son inherit the house?

By | May 12th, 2023|

Will my son inherit the house? Q: I purchased a house with my married son several years ago for him to live in. My husband and I gave him the money for the down payment. Only my credit was checked when we purchased it. Both my son's name and my name are on the deed [...]

What to do with Inherited Property that is Leased

By | May 11th, 2023|

What to do with inherited property that is leased? https://www.youtube.com/watch?v=oeQ0uX-Li4w Tenants, leases, and inherited property. What happens when you inherit property but it comes with a tenants?  Are there options for handling with this lease? Q: My brother and I inherited several acres of commercial property from our parents. The land came with [...]

Paying Tax on Sale of Foreign Property

By | April 26th, 2023|

Am I required to pay tax on sale of foreign property? Q: I sold my house in my home country of Guatemala last year for around $90,000. The buyer paid me half of the sales price by wire transfer to my United States bank account. The other half was paid to me to an account [...]

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