We bought 260 shares of Invesco Ltd. in December 2007 at $31.45, and the stock hasn’t been back there since. We have nine other stocks, but this is the only one we are concerned about. We need to raise about $7,500 more in cash to modify our home so our Marine son, who was injured in Afghanistan, can move in with us until he recovers.Read More »
Key industry information sources suggest that more than 5 million homes had been foreclosed and sold as a result of the recent housing crisis, and some anticipate another 8 million to 10 million more foreclosures will make their way through the pipeline over the next few years.
Tagged with: investorsRead More »
My wife and I are in our mid-50s. We have a 30-year-old daughter who owned a house years ago and now resides in an apartment. Our son is 21 and also lives in an apartment. We want to put our home in which we have lived for 15 years in the kids' names. We have approximately three years left on the mortgage.
Tagged with: titleRead More »
I'm a barber who loves your column and listens to lots of bad-luck stories. Your October column about the church people who invested $9,000 in 1,000 U.S. $1 silver certificates prompts me to ask why so many financial scams work. A customer told me he had lost $17,000 in an oil drilling partnership that had promised him a 32 percent return. Another invested $7,000 in Iraqi dinars, losing it all, and a bowling buddy lost $11,000 trading stock options.Read More »
My husband and I were in Las Vegas and made a horrible mistake in sitting through a time share presentation so that we could obtain half-price tickets to a show. The presentation was at an office on The Strip. Unfortunately, I did not research the company before the presentation. The salesman gave only his first name and had no business card. That should have been a clue about the company.Read More »
For many years, consumers were purchasing ever-larger homes. Then about five years ago, the trend turned to smaller homes. Today, there's yet another shift, back to larger homes. "Homeowners are desiring bigger spaces again, following five years of downsizing trends,” it was stated in a recent article published by the National Association of Realtors.Read More »
I have a question regarding a rental house that my brother and I jointly own. The house was our parents' home and was willed to both of us several years ago. The mortgage was paid off. We have a joint checking account in which we originally deposited $5,000, and we use the account for all house transactions. We have been leasing the home for $1,300 per month, and until recently we each took $600 a month out of the account. Due to taxes, insurance and maintenance, the original balance in the joint checking account is gone and the monthly $1,300 income is not enough to maintain the house and still provide a monthly $600 payout to both of us.Read More »