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wetdawgs's Q&A

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  • Questions (4)
  • Answers (2508)
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wetdawgs wrote:

Should we sell our condo if we will have to pay capital gains taxes?

Answer
That is a question only you can answer for yourself.   Talk to an accountant to run the numbers if you need some coaching on the subject and assess the impact of the capital gains taxes. In order to sell with the capital gains exclusion of 250k single/500 k married, you must have had it as your principal residence for 2 of the last five years.  So, if your stint out of state wasn't too long you may be able to count some of the previous time also.
15 hours ago
(0)

To Cindy's reply, is it possible to ask the seller to credit the difference of the old&new price?Thx

Answer
It is possible to ask anything, but you are not likely to get a positive response.
15 hours ago
(0)

In my divorce decree state that my Ex has to refinance our property,what happen if she doesn't do it

Answer
She is not likely to be able to refinance if she has filed bankruptcy.  What happens if she doesn't?  You need to speak to your attorney on this subject because it depends on the terms of the divorce and none of us are privy to this information.
22 hours ago
(0)

Will you please post my price for the house since I can't do it on line. $132,000.

Answer
If you enter the value without the dollar sign or comma, you may discover that you can indeed do it.    So, $132,000 would be entered as 132000
22 hours ago
(0)

Lending to a non-resident alien?

Answer
You are not likely to find many foreclosure properties (if any) in the price range you mention in Seattle unless they need a tremendous amount of work (teardowns).
1 day ago
(0)

who is the new owner of this property

Answer
In order to find the owner of record, you will need to tap into your county database.  Although this is public information, Zillow does not publish it.
1 day ago
(0)

I'm self employed and about to move to the US with my wife. Can I get a mortgage

Answer
Are you a US citizen, if not, what is your residency status?    Can you document your self employment with several years of tax returns?
1 day ago
(0)

my ex-hus was approved for a loan mod. He still owes me $45000. How does this affect me?

Answer
A loan modification and your ex-husband's debt to you are separate subjects.   Lack of payment on the debt is something you probably need to take up with your attorney.You do need to get your name off the mortgage and deed if you don't want his potential defaults to affect you.
1 day ago
(0)

If I am on the 3 mth trial period and receive a slu award through workers comp, would I be disqualif

Answer
I'm a simple consumer and not smart enough to understand the difference between "don't be too honest with the bank" and "lie".     Derek, could you explain?P.S.  I'm not looking for a loan modification, and hope those who are are not being encouraged to commit fraud.   Jail time puts the onus on me and my other friends (taxpayers) to pay... alas.
1 day ago
(0)

How do I get the zestimate to be as accurate as possible, 12-2-09

Answer
When I updated my home facts, the first hint of change in the Zestimate was a full four weeks later.
2 days ago
(0)
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