Love don’t live here — Newsday.com Courtney Love lost the Olympia, Wash., historic bungalowshe bought in the late 1990s to a Los Angeles mortgage company after a foreclosure auction generated no bids. WMC Mortgage filed a lawsuit last year in Thurston County Superior Court, seeking foreclosure after Love stopped paying the bills. The debt on […]
Category Archives: Legal
Minimum home ownership time just 24 months to claim tax break
Minimum home ownership time just 24 months to claim tax break DEAR BOB: I am confused about your recent answer to a home seller who wants to add her mother to the title. You said the mother would be eligible for an Internal Revenue Code 121 principal residence sale tax exemption up to $250,000 after […]
Using the family silver
Using the family silver It’s hard to find lower loan rates than at the Bank of Mom & Dad. But beware the pitfalls. If the loan is sealed with a handshake rather than written documents, there’s a chance it might turn into a gift and create tensions among siblings. Loans improperly set up can cause […]
Westside Lofts condo files for bankruptcy
Westside Lofts condo files for bankruptcy Proposed South Beach condominium Westside Lofts filed for bankruptcy in a bid to reorganize the troubled development. The move comes amid legal battles in Miami-Dade Circuit Court between the development company and its lender and general contractor. Eastern National Bank is seeking more than $2 million for an overdue […]