We are the 81- and 83-year-old seniors (we travel and live together) who you advised to take the $28,000 cash value from two life insurance policies and invest it in dividend utility stocks.
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Some time ago I entered into a sales contract with my then-fiancee to buy a house. Both our names (hers was in her maiden name) were on the sales contract, which we both signed. I turned over my half of the down payment, we went to closing and we owned the house (or so I thought).
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I want to get the PMI off my mortgage in February of next year, which will be two years from the time of my refinancing. All my payments have been on time. I have communicated with my current mortgage company that I wish to have the PMI canceled, and they informed me in writing that I have to wait for two years and that I have to get an appraisal, which I have to pay for, in order to make sure I will have 20 percent equity of the new appraised value.
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Sure, there are well-publicized negative factors that influence the housing recovery. But there are also very strong positives that are more apt to dominate the path of recovery in 2013 and beyond. Increasingly, economists are changing their signs on the recovery path, from "Danger, muddy road ahead" to "Prepare for good times."
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The Federal New York Mint is selling 1-pound bags of silver-clad Buffalo nickels of various dates for $49, which includes a free stone arrowhead with each order. If there are approximately 45 to 50 nickels per pound (my guess), and if silver-clad Buffalo nickels are worth an average of 75 cents each, about $35 per bag, then this sounds like a great investment.
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Catastrophic natural events can have an unnatural impact on the home-selling market. An example is seen in the aftermath of Hurricane Sandy along the East Coast. That event changed many prospective buyers’ thinking and dreams about owning a seaside residence.
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My sisters and I "own" some Tennessee properties inherited from my late father, who died in 1984. In his will, he wanted to provide for his current wife, "B,” so she was given a "life estate" for her use of both properties during her lifetime. My sisters and I are the owners on the deeds. One of the properties is a residence, and the other is an income-producing commercial property.
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