Housing / Real Estate Questions

Second home sale

Hi Terry, We are selling our second home in January 2025. If we don’t buy a like for like home..

Pay off mortgage?

Doesn’t it make sense to use our Social Security payments, that we will just start receiving at age 70 by..

HELOC

I’m 73 and still working full time but plan on retiring in 2025. Our HELOC is balance 0 right now...

Real Estate Trust

Good Morning Terry, My father in law passed away 5 years ago and his house is in a Trust with..

Home purchase

Hi Terry,…..I am 60 years old and interested in buying my first house. I may be interested in buying a..

Inherited home

My friends mom died, he inherited her home. He has moved in but the home is still in his mom/dads..

Capital Gains Taxes on a Trust House in Chicago (Northside)

My wife is the Trustee of her late father’s brick bungalow (in the city) that was put into a Trust..

capital gains on home sale

We sold our home in July. We haven’t bought another home yet. How long does a couple have to buy..

Mortgage refinancing

We were thinking of using the home acquity of our home. We’re going to do the refinance And include in..

Depreciation Recapture Tax

We purchased a condo in 2011 and have rented it out since then. Each year, the rent we collected didn’t..

Capital gains on a home sale

If I own my home outright and sell it for $400,000, my understanding the first 250,000 profit is ok. What..

Equity Loans within Trusts

I am the Trustee of my late Mother’s Trust. The Trust owns a condominium. I may need to access the..

Selling Home to Cash Company

Hello, I want to sell my home and move to a smaller house. I feel scared and not qualified to..

Mortgage

I own the mortgage on my daughter’s home. How do I report her interest payments to me? How can she..

Mortgage payoff

My son is down to a five-figure mortgage and is thinking of just paying it off. What would you recommend?..

2 HECMs

My spouse and I file joint but are separated, living next door to each other. Can each of us qualify..

First time home purchase at 63 years old

I just purchased a condo for $250,000. I want to put down $20,000 from my saving account. Would it be..

97yr old mother’smother’s property taxes

My second question about my mother is, she lives in Montgomery county Pennsylvania and I pay her property taxes. At..

Foreclosure

Terry, my husband died I tried several way to get the home put in my name but I couldn’t. I..

Buyout from a home

My friend bought me out of our home we owned. With that money I bought my own home. Will I..

money

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