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Preview: Edith Lank - ArcaMax Publishing

Edith Lank - ArcaMax Publishing

Edith Lank News Feed

Copyright: Copyright 2017 ArcaMax Publishing

House Calls: Losing Money with Two Homes


Dear Edith: I am trying to downsize from my large upscale house to a much smaller house. My small house is complete, but my large house is not selling. My Realtor dropped the price three times in six months, to far less than I paid for the place, ...

House Calls: That Escrow Account


Dear Edith: Our purchase offer was accepted, and we are excited about moving into our new home. But we have a question about our monthly mortgage payment. It's more than we figured because of escrow. We have a good record of paying our bills, but ...

House Calls: Timeshare Worked Out


Dear Edith: I want to share my story and that of my siblings. There are three of us. We inherited a timeshare from our mother, and we paid the yearly fees. It was great for many years, but the yearly cost kept climbing, and we all wanted to sell ...

House Calls: What to Look For


Dear Ms. Lank: We just put our home on the market without a broker. We'll take any offers we receive to our lawyer, but could you give us an idea of what to watch out for? -- P. I. Answer: First of all, understand that in the sale of real estate,...

House Calls: Inheriting a House and Land


Ms. Lank: It seems I will soon come into ownership (via my mother's passing) of a property that is divided in two portions: a home and 10 acres that are more suited for commercial development. How would tax reporting and capital gains be handled ...

House Calls: What About Tipping?


Dear Edith: We are buying our first house, and we're both so pleased with the extra help our real estate agent has been giving us. She will be paid by the sellers, and we won't have much spare cash, but are there any guidelines for tipping? -- L. ...

House Calls: Selling on Their Own


Dear Edith: We are just starting to sell our house by ourselves. The idea is that by eliminating the broker's commission we can set the price lower and attract more buyers. We could use advice about how to avoid wasting our time with people who ...

House Calls: Tax on Sale


Dear Ms. Lank: We would like to move to a senior center in my son's area. We inherited our home from my wife's grandmother. It was a family farmhouse. I have no idea what it cost. We live in a neighborhood of expensive houses; it should sell for ...

House Calls: Reverse Mortgage


Dear Ms. Lank: I'm curious about reverse mortgages. What's the good of them? I've heard they are scams. Can you explain? -- M.V. Answer: First off, don't worry about the scam problem. When reverse mortgages first became available, some were ...

House Calls: Forcing a Sale


Ms. Lank: I am half owner on a property in Florida, and I am eager to sell; however, the other owner will not agree and also will not pay half of the property tax. Is there any way I could claim the property, seeing as I have been paying all the ...