A RESPONSE FROM A READER: In your answer to the question about using the home equity line to pay off the balance of the person’s mortgage, I have something to add. You were very right about the dangers of a ...
Tagged with: mortgageRead More »
DEAR BENNY: I have been considering a 1031 action for some time, and I have wondered what happens if the intermediary holding the escrowed funds goes bankrupt. Is the intermediary allowed to co-mingle my funds with funds of the company? ...Read More »
DEAR BENNY: My mother had to be moved to a nursing home from her “independent living” house. This is a very small retirement community and is connected to an “assisted living” facility next-door. People who live in the independent homes ...Read More »
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 »
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 »