A homeowner moved into his vacation home and hopes to avoid capital gains tax when selling the property. If a vacation home has become your primary residence and you want to avoid capital gains, you should wait 24 months after the date you closed on the sale of the primary residence.
In another sign of the housing market's woes, First Horizon National Corp. is cutting 1,500 jobs, or 50% of its mortgage sales force, and shutting 50 ...
Home sellers used to have to choose between a full service real estate brokerage and the help of a real estate agent or selling a home themselves, in a for sale by owner scenario. Discount real estate brokerages have emerged to fill the gap between for sale by owner sales and full service real estate agents. Learn what kind of services discount real estate brokerages offer and how they can help in a for sale by owner transaction.
After going through a divorce and bankruptcy you may find it difficult to keep making mortgage payments on a property that's not a primary residence, even if it's rented out. To prevent your credit from becoming more bad, you should try to keep making mortgage payments. Perhaps your former spouse, who's also paying part of this mortgage, can help you out until you have more income. Despite bankruptcy and bad credit, it's not a time to give up.
If you have been given property as an inheritance, and share it with others, hire a real estate attorney if there's a conflict. If you share the inheritance property with a family member, hiring a real estate attorney can be tricky. But if the siblings are having a conflict over the inheritance property, sometimes the real estate attorney may be the best, fair way to deal with the conflict.
After my show was over, I jumped on the telephone to dial into my friend Tom Kelly's radio show, which airs in over 400 markets out of Seattle. We wer...
If you've got an extra bundle lying around, here's a purchase you might want to make for someone special this holiday season. Bugatti's newest entry i...
We're recapping some of the important business/financial news of the week, including Countrywide's stunning announcement that it's going to cut as man...
This week on the Ilyce Glink Show, we spent a lot of time talking about credit and credit scores. A number of callers were unaware that if they canceled their older cards, they could be tanking their credit score. We also recapped all the big financial news of the week, including the record number of foreclosures and delinquencies, and the news that Countrywide is laying off up to 12,000, or 20 percent of its workforce.
When you get divorced you may still own property with your ex-spouse, perhaps as tenants in common. If one of the partners sells the property without the permission of the other, that spouse is committing fraud. What are the options for the other spouse?
