ArcaMax

Q: We currently have an impound account for our home, which includes both property taxes and homeowner insurance. Because of the increases with both of these, every year our monthly payment goes up.

We would like to have more control over our monthly payment and would prefer to keep it the same throughout the remaining life of the loan. We are ...Read more

Q: I recently read one of your columns and found something I thought may be misleading. When one owner of a property held as joint tenants with right of survivorship dies, I thought the surviving spouse receives that person’s share on a stepped-up basis. Thus, the surviving spouse avoids the capital gains tax on the deceased spouse’s share ...Read more

Q: We recently rented a home with a pool, and the pool service is included. For liability reasons we keep the screen doors to the lanai locked to prevent someone entering and falling in the pool. However, the pool service person needs access to clean and check water chemistry. So, we unlock the doors the day of service and relock upon his ...Read more

Q: I’m in desperate need of your help. We bought a property in Virginia back in 2009 and sold it in 2011. We cannot remember the name of the bank where we got the mortgage. We need that information along with all the payment dates from time of purchase to the time we sold the home. What should we do?

A: We wonder why, more than 14 years later...Read more

Reader comment: As you are attorneys, you may not like to hear that in Arizona, paralegals can prepare trusts and all the other goodies needed for the successful departure from this life, including a will, and powers of attorney.

Here’s how it worked for us. In 2014, we paid $1,000 to put our home into a living trust we had created. The fee ...Read more

Q: My mother passed away in January of this year. She died without a will. My house sits on land that was my mothers and is supposed to be mine. I just have to pay the back taxes to have it transferred in my name.

My sister gave me the tax bill, which has my mother’s name on it but was sent in care of my sister. She says she doesn’t know ...Read more

Q: My disabled sister has been separated from her husband. Her husband signed over half of the house to his aunt. My sister never signed that deed. So my sister is now stuck paying the taxes on the home without receiving any income. We think that he either forged her signature or they (her husband and his aunt) did something fraudulent for the ...Read more

To judge the contents of our inbox, people are having a lot of problems with their homeowner associations (HOAs). They’re also having trouble living in developments run by HOAs and by the lack of interest in serving on association boards. Here’s a sample of what homeowners are wondering about.

Comment: I read your recent article on HOA ...Read more

Q: We are selling our townhome this year that we bought almost 30 years ago. We lived there first for 17 years, as a primary residence and then we rented it. How do I calculate capital gain? Do we use the sales price or do we use the market price when we began renting it out?

A: Your question seems simple, but it’s actually complicated. We ...Read more

Q: I was told I am a beneficiary of my sister’s trust. She owned a home and other assets. Her son is the trustee but we don’t have a good relationship. I have been waiting for my distribution for several months. I have called several times and each time I call, they tell me they are trying to avoid a 37% tax liability. How long can they hold...Read more

Q: I own a commercial property that I no longer want to own. The market value of this property is zero as there are many abandoned properties nearby. The real estate taxes are astronomically high for a property with zero market value.

I was advised by my financial planner and CPA to stop paying the taxes and just abandon it. I have kept up the ...Read more

Reader comment: I read your recent article about how to put a home with a mortgage into a trust. I agree with your advice, but as the daughter who had to deal with the sale of my mother’s home that was held in her trust, there is one further thing people should do. They also need a checking account titled in the same name as the trust that ...Read more

Q: For three years, our daughter and son-in-law lived in and paid all related expenses for a home we purchased together. They recently sold the home. Could you tell us how we can report this on our federal tax return? If not, can you tell us where we can get more information?

A: As home prices have skyrocketed over the past five years, young ...Read more

It has been a cold winter in much of the country. Snow in Jacksonville, Florida, anyone? Around this time of year, we normally get a bunch of questions about timeshares. If you’re considering one, you’ll want to read our response to these two questions before you go to the so-called “free” lunch.

Q: Our timeshare is paid for. We don’t...Read more

Q: We had created a revocable trust to hold title to a family home back in 2007. The attorney that created the trust for us has since retired. We need to make some simple changes to the trust. Our son has since married and has two young children, and we’d like to make changes to the trust to cover the new additions to our family.

How can I go...Read more

Q: I live in a mid-sized condo building in Chicago. Last year the common roof above my unit leaked and caused ceiling damage to my unit in several large areas, which required drywall repair, patching and repainting.

When I asked the homeowners association (HOA) and our management company about the repairs, they said they would repair and patch ...Read more

Q: A new owner bought an upstairs condo. Their unit is right above my condo. They’ve been renovating their unit every day, Monday through Friday from 8 a.m. until 5 p.m. It’s been like this for four months. There is no end in sight.

The workers are noisy. They leave the windows open in the unit while working. I complained to the management ...Read more

Q: I’m ignorant of real estate law, so this may be off base. Maybe you can tell us if we’re correct to be angry.

My son moved back to Virginia last year. He was preapproved for a loan, got a real estate agent, and began looking at homes. Over a three-month period he looked at maybe 30 homes. He made several offers but was not successful.

...Read more

Reader comment: This isn’t a question, but a comment/suggestion. I read one of your columns on your website talking about taking care of the small stuff when it comes time to list your home for sale.

You advise people to get a home inspection before they market their home. And, you suggested that they can make all the repairs to the home ...Read more

Q: The Garn-St. Germain Act prohibits enforcement of a due-on-sale clause in a transfer where the spouse or children of the borrower become an owner of the property. Does the “transfer” mean inherit, or does it also include “sale” where the deceased and the spouse are tenants in common?

A: Congress passed the Garn-St. Germain Act back ...Read more