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Reader Question: My mother owns (or owned) one unit of a two-unit duplex condominium. The two units shared one lot but never created a condominium ownership agreement. My mother was the original owner; the other unit has sold four times….
Continue readingReader Question: We want to ask about homeownership. After witnessing the run-up in real estate values in the not-to-distant past and the aftermath of the financial meltdown, we read conflicting information about where real estate values, and the economy are…
Continue readingReader Question: I am 83. We bought a property in Maryland in 2006 for $225,000. My husband died in 2012. The agent felt it would take $99,900 for a short sale to sell it. Got a full-price offer the first…
Continue readingReader Question: Hi Monty, I have two homes and two mortgages. Home “A” is underwater, and I am unable to sell it for the remaining amount owing on its mortgage. Home “B” is fine, gaining in value and is my residence….
Continue readingReader Question: I live in an over 55 community. We do not receive full services from the city. Example, in the winter no street plowing, no regular police patrols. Can I successfully challenge the real estate taxing rate from the…
Continue readingReader Question: My daughter and son-in-law (the kids) went through bankruptcy a couple of years ago, but did not include their home in bankruptcy. The judge approved their decision to do so. Now they are trying to refinance their home…
Continue readingReader Question: I purchased my home 8 years ago expecting some appreciation in the value before I retire within the next year. However, now my home is worth 35-50 thousand less than I owe. What choices do I have, since…
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