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Edith Lank / Home & Consumer

House Calls: Two Years' Ownership and Occupancy

Dear Ms. Lank: I understand that I must live in my house at least two years to avoid the tax on my profit. It will be two years on August 9, 2014 that I closed on my home.

So would it be reasonable to advertise and possibly sell the house in July...

House Calls: What's Fair to the Family

Dear Edith: We are selling my mother-in-law's property. Family members expressed interest but did not respond to phone calls and emails. After four months of cleaning out the home, we went ahead and listed the property for sale. Days later, the ...

House Calls: Underground Tanks

Dear Edith Lank: We had our home built in 1965. We put our fuel tank in the ground. Later we replaced it with a fiberglass one. We also put a gas tank in the ground, not used since 1972.

The question is about being able to sell our house. The law...

House Calls: Reverse Mortgage Problem

Dear Ms. Lank: My parents, who passed away in 2013, had a reverse mortgage on our family home. Evidently, they did not pay their property taxes and insurance premiums, so the costs were added to what they owed on the mortgage. The home is not ...

House Calls: Discount Brokers

Dear Ms. Lank: I am planning to list my house by March or April. What is your opinion, pro and con, about listing with a low-rate agency that advertises to sell with 0 to 2.5 percent commission. Can a multiple-listing agent sell through them and ...

House Calls: Losing the Mortgage

Dear Ms. Lank: My husband and I have a mortgage with a VA guaranteed loan. He is very ill. As his caregiver, I have not worked in over a year so I would not qualify to borrow anything. If he dies, will I have to refinance the loan? I would be able...