DEAR BENNY: My parents gave their house to me and my three sisters in 1997. They purchased the home in 1965. They set up a life estate. Unfortunately my father passed and my mother is in assisted living. She will ...Read More »
DEAR MR. BERKO: In January of 2012, you recommended a bank stock called Synovus Financial, which was trading at $1.47 a share. I studied this stock for three days and did my research on it and read their financial reports ...Read More »
Strong increases in both single-family and multifamily starts raised our nationwide housing production 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released by the Department of Housing and Urban Development and the ...
Tagged with: David Crowe Department of Housing and Urban Development Fannie Mae Federal Housing Finance Agency Freddie Mac Jim Woodard MSM Market Trends National Association of Home Builders November 2013 Zillow Report Real Trends rick judson U.S. Census Bureau Zillow Home Value IndexRead More »
DEAR BENNY: I am at my wit’s end. This is a long story so please bear with me. (Note: For brevity’s sake, I am summarizing: Peter appealed his real estate tax assessment, but first the county got it wrong, and ...Read More »
DEAR MR. BERKO: I researched then purchased 1,000 shares of Quest Diagnostics a year ago at $64.30. And while the stock market has gone up a lot, my Quest stock has fallen in price. I’ve been thinking for several months ...Read More »
The interest rate for a large jumbo mortgage is now less than the rate for a smaller conventional loan. The increase in rate for conventional loans, combined with banks seeking jumbo mortgages for their portfolios, has created a situation in ...
Tagged with: Bill Banfield conventional loan Fannie Mae Federal Housing Administration Federal Housing Finance Agency Freddie Mac interest rate Jim Woodard jumbo mortgage Mutual Mortgage Insurance Fund NAtional Mortgage NEws Quicken Loans real estate websiteRead More »
DEAR BENNY: We have our house deed titled in our two trusts. We have our will designating our two children as beneficiaries. Could there be any problem because the deed is in our trusts? – Sumitra DEAR SUMITRA: Yes, there ...
Tagged with: accurate home estimates appraising property deed home assessments IRS last will and testament property distribution after death tax basis of capital investment title Trulia trust document Trusts ZillowRead More »
DEAR MR. BERKO: What is your opinion of the water industry ─ especially Middlesex Water Co., which pays a 3.5 percent dividend. We’d like to buy several water utilities to add to our portfolio of telephone, gas and electric utilities. ...Read More »
DEAR MR. BERKO: I read your five T. Rowe Price recommendations with great interest. I know that T. Rowe Price is a very good organization. However, we prefer to own Fidelity funds for our children’s college education. We have three ...Read More »
DEAR BENNY: I am hoping you can clarify debt relief as it applies to rental property. My sister has a single-family residence that she rents out and is now letting the house follow the path to foreclosure. She received info ...Read More »