DEAR BENNY: I have a reverse mortgage. It is in my name only. My estranged wife gave me a quitclaim deed. She did not qualify anyway. She does not want this house, and neither do any of the kids. I ...Read More »
DEAR MR. BERKO: We are nine guys living in a retirement golfing community who began an investment club in January 2003. We each started with a $5,000 investment ($45,000), and every January, we invest another $5,000. So far, we have ...Read More »
DEAR MR. BERKO: I’m a 57-year-old woman who has been unemployed for three years, but not for lack of trying. My 57-year-old husband is a self-employed engineer and works from a home office. Our retirement portfolio is just getting back ...Read More »
Homeowners and investors are asking a key question: How much will home values rise in coming months and years? Highly credible analysts and organizations are projecting varying degrees of value appreciation. Here’s a sampling: One bullish projection comes from JPMorgan ...Read More »
I purchased vacant land (more than a half-acre) a little away from the city in a country living-style neighborhood. At the time of purchase, the lot was overgrown and mostly couldn't be accessed except in one corner where a pumping station existed. I did not obtain a survey; I just looked at the county records/maps and purchased the land.Read More »
My dad used to say, "The reason so many members of Congress and so many bankers are alive today is because it's illegal to shoot them." If you are depositing a check from the Bank of Iran, the Bank of Nigeria or the Bank of North Korea, I can understand "11 business days to clear." But you deposit a check from Monkey's Eyebrow, Ky. or Cuba, Kan. any morning of any day (except Saturday or Sunday), and it clears electronically at 2 p.m. that same day. If your bankster tells you differently, he/she is bloody dissembler.
Tagged with: Bank of AmericaRead More »
I recall that in 1997, the pudding-heads at the Federal Trade Commission put the kibosh on a proposed merger of Office Depot (ODP-$3.95) and Staples (SPLS-$13.25) because it feared the power of these two big-box stores. ODP and OfficeMax (OMX-$11.69) is a merger of two weak companies with a decade of declining revenues, cash flows, book values, earnings and share prices.
Tagged with: mergerRead More »