DEAR BENNY: We live in California and own a second home within five miles of our primary residence. This second home has been used as a rental, initially to persons we were not connected with in any way. For the past 10 years, two different sets of relatives who were in need of a new start in life lived in the home.Read More »
DEAR BENNY: I own two homes. In my will and my trust, I have assigned a beneficiary for each of the properties. However, I would like for the properties to cede to a nonprofit once the designated beneficiary dies, rather than the properties being successively willed to beneficiaries of their choosing. Is there any means to make this happen? – JerryRead More »
Dear Benny: I had two properties foreclosed on this year. Although we had short-sale offers on both properties, for some reason the banks would not accept the offers. One of them was my primary residence, which had a first loan of $417,000, and a second in the amount of $180,000. The second home was an investment property, for which the first loan was $290,000 and the second loan was $60,000.
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DEAR BENNY: I live with my girlfriend at her house. I am trying to fix our backyard and we have a neighbor behind us with a 100-year-old oak tree. There are two main trunks of that tree hanging over our fence line. We are not talking about some small branches, but a main trunk and top canopy is 40-45 feet over our property.Read More »
DEAR BENNY: We recently had a contract to sell our home to a “cash” buyer. He and his wife were allegedly inheriting a large sum of money, and their Realtor confirmed that she had seen the bank account statement confirming ...Read More »
DEAR BENNY: Are there standard practices that apply with a 50 percent owner of a home buying out the other owner? My sister and I have each inherited 50 percent of the family home, which is owned free and clear, ...Read More »
DEAR BENNY: I was at the closing table for my condo purchase only to discover that there was a penalty for early payoff. I called the bank immediately and they told me to take it or leave it. A great ...Read More »