Suzanne Horsburgh's (lightsonre) Blog

To Escape MIP, Refinance LoanQuestion: What is the difference between private mortgage insurance ? PMI ? and mortgage insurance premium ? MIP? After paying nine years on my FHA mortgage, I have tried to get my MIP canceled. But I have been told I can't get it removed. I paid $70,000 for the house...

To Escape MIP, Refinance LoanQuestion: What is the difference between private mortgage insurance ? PMI ? and mortgage insurance premium ? MIP? After paying nine years on my FHA mortgage, I have tried to get my MIP canceled. But I have been told I can't get it removed. I paid $70,000 for the house...

To Escape MIP, Refinance LoanQuestion: What is the difference between private mortgage insurance ? PMI ? and mortgage insurance premium ? MIP? After paying nine years on my FHA mortgage, I have tried to get my MIP canceled. But I have been told I can't get it removed. I paid $70,000 for the house...

A Limit on Widow's Gains Exclusion Question: My husband and I owned a house as tenants in common. He died in 2005. Now I would like to sell the house. Am I entitled to the $500,000 exclusion on my capital gains?Answer: No. You would be entitled to the $500,000 principal-residence-sale capital gai...

A Ex-Wife Pops Up and the Sale is Off!Question: We made a good-faith offer to buy a house. The owner who listed the house for sale accepted our purchase offer. We proceeded with the inspections and made plans to move in. About five days before the scheduled closing date, our agent told us the sel...

A Limit on Widow's Gains Exclusion Question: My husband and I owned a house as tenants in common. He died in 2005. Now I would like to sell the house. Am I entitled to the $500,000 exclusion on my capital gains?Answer: No. You would be entitled to the $500,000 principal-residence-sale capital gai...

 Ex-Wife Pops Up and the Sale is Off!Question: We made a good-faith offer to buy a house. The owner who listed the house for sale accepted our purchase offer. We proceeded with the inspections and made plans to move in. About five days before the scheduled closing date, our agent told us the sell...

Ex-Wife Pops Up and the Sale is Off!Question: We made a good-faith offer to buy a house. The owner who listed the house for sale accepted our purchase offer. We proceeded with the inspections and made plans to move in. About five days before the scheduled closing date, our agent told us the selle...

  No tax? Now that would be a Gift!Question: My parents bought a riverfront property for $360,000 where they planned to build a large house. However, they had difficulty getting along with a neighbor so they decided not to build. Instead they want to give the lot to us. Is there a way for them to...

No tax? Now that would be a Gift!Question: My parents bought a riverfront property for $360,000 where they planned to build a large house. However, they had difficulty getting along with a neighbor so they decided not to build. Instead they want to give the lot to us. Is there a way for them to g...