DEAR BENNY: What exactly is a “lock”? We are purchasing a condo, and the lender asked if we want to lock in the rate. We told him yes, but we are not sure what that means and whether we should ...
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DEAR BENNY: My Mom passed away this year. In her will, she left her condo to my sister and me. The mortgage has been paid off for over 10 years. The only expenses are the condo fees and the taxes. ...Read More »
DEAR BENNY: I am a property manager and work for condominium associations as well as private residential rentals. In both capacities, I have to collect rent and condominium fees, and often I have to send collection letters. I was recently ...Read More »
DEAR BENNY: I am experiencing the exact situation you wrote about recently. I purchased my house in November 2011 and paid the back payments for one association. Almost four years later, in May 2015, I received a bill from a ...Read More »
DEAR BENNY: We have a contract to purchase a house, and settlement is scheduled for early February. Our sellers want to stay in the house after settlement for at least one month, and this is acceptable. How can we protect ...Read More »
DEAR BENNY: A family member loaned me the money to buy a house. We wrote up an unrecorded promissory note to demonstrate that it was not a gift. After settlement, I took out a traditional mortgage and repaid my family ...Read More »