If you gift the property it will carry the same basis. However, as it is a rental property you may have to recapture depreciation. Also, if there...

A deed has to be drafted to convey the property. If there are any liens or judgments against the Seller or the Buyer, they will not be released by...

You need to discuss the options with both an attorney and an accountant. You may not have to cash in the 401k as several other options may be...

Firstly, make certain whether the sale was canceled or adjourned. If it was adjourned the sheriff will give you a new date. If it was canceled,...

My checks get garnished for a hospital bill can the take my taxes too?

The refund cannot be seized but once the refund hits your bank accoun t it loses its identity as a refund and can be seized.

The Deed is ownership. You cannot be locked out without your agreement or a court order. The borrower on the loan does not change that.

Can I put my husband'shousein my name?

There are several possible scenarios to resolve the situation. There are scenarios where you purchase the property and secure your own mortgage,...

Seller's real estate attorney is not counter-signing the notice of disapproval

The other attorney is not legally obligated to sign the cancellation for it to be effective. Just make sure you have proofs of the notification.

Can an executor get in trouble for giving inheritance to bankrupt beneficiary, ch 13?

The attorney for the bankrupt party has a duty to disclose the inheritance to the Trustee. I would not disburse until full disclosure is made, and...

Is it possible to claim Chapter 7 bankruptcy more than once? What happens to a person's credit history?

You can file the same chapter every 8 years as a general rule.