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Thou art thy brother’s (house) keeper (access required)

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.

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Ex-wife accused of doing dirty deed (access required)

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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Know your rights for canceling PMI (access required)

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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Negligent tenant raises foreclosure risk
 (access required)

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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What to do about shoddy docks (access required)

We bought a property at a lakeside community. Our property has deeded access to a lakeside community park, which is for use of the local property owners. There are number of floating docks that people have placed there for their use to dock boats easily and/or picnic.

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Get 2nd opinion on HELOC question (access required)

This question is related to our home equity line of credit. In 2001, we obtained this loan for $150,000, which we withdrew in its entirety to remodel the kitchen, bath, etc. This is an adjustable 25-year loan. As of 2011, we owe $122,000.

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Can fees be added to tax basis? (access required)

I recently heard that the portion of one's monthly condo fees that go into a reserve fund for capital improvements to the overall property can be added to an individual condo unit's tax basis. Is this true?

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Home inspection protection (access required)

My husband and I are in our 60s and have been married for five years. We both own homes that are fully paid for. Both homes, before the market downturn, most likely would have sold for around $200,000 each. In today's market, we're not so sure.

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Avoiding FHA restriction by renting (access required)

I am currently trying to purchase a home from my daughter. The loan was approved, but the lender told me there is a law that if you purchase a home from a family member, they can finance only 85 percent of the sales price.

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