Reverse Mortgage Lender Isn't Responding Children of deceased parents wonder how to get reverse mortgage lender to respond to them Q: Our mother and father took out a reverse mortgage years ago. There is no equity in the property. Our mother died several years ago and our father passed away recently. We contacted the company [...]
Which Loan Option is Right For You? Reader needs cash and is looking for the right loan option Q: I’m considering allowing an investment company to invest in my home so that I can receive a personal loan. I took out a mortgage approximately 18 years ago. The original company went out of business. Over [...]
Financing Your Forever Home What's the best way to finance a newly constructed house that will become your forever home? Q: I’ve been reading your book 100 Questions Every First Time Homebuyer Should Ask. As my wife and I approach retirement age around two years from now, we’re wondering if we’ll ever be able to [...]
Unpaid Home Loan Reader wants her fair share after siblings failed to repay loans to mother's estate Q: My mother told me directly that the home loans my sisters and brother received from her would be taken out of their inheritance. My mother passed away 10 years ago. I just found out that my siblings [...]
Gift Letter: Why You Write it Q: When I gave my son some money to buy a house, I had to submit a letter to his lender stating that the money I gave him was a gift and not a loan. Why did the lender require that? A: As housing has become more expensive and [...]
Paying Mortgage But Not on Deed Children who purchased a home for their parents and are paying the mortgage, realized they are not on the deed. What should they do? Q: I purchased a home for my parents and was named on the mortgage along with them. But, I’m making the payments. My husband and [...]
Putting Assets In a Trust A reader wants to understand how to put her mortgaged home and other assets into the trust she created. Q: I created a trust so that my three kids won’t have to deal with probate when I die as I did with my parents’ home. How do I get my [...]
Estate Issues: Transferring Co-owned Assets How estates transfer assets like brokerage accounts or houses that are co-owned Q: I just read your article in the newspaper about the parents weighing the pros and cons of sharing assets with their daughter. What do you think about brokerage accounts that are held in joint tenancy with one [...]
Unpaid Home Loans Reader wants her fair share after siblings failed to repay home loans to mother's estate Q: My mother told me directly that the home loans my sisters and brother received from her would be taken out of their inheritance. My mother passed away 10 years ago. I just found out that my [...]
Retiree Co-Signing Mortgage Reader offers suggestions to retiree that won't put him on the hook for his daughter's debt Q: I am a faithful reader of your Real Estate Matters column every Sunday. I am moved to comment on your advice to the retiree who was trying to be a co-signer on his daughter's mortgage. [...]
