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Recent content by Mark2365

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

  1. M

    Should I do a 1031 Exchange here?

    Wow. THANK YOU, gents,for the extremely clear and concise and thorough explanations. I think you've covered every detail nicely. FWIW, I'm now single, but that apparently is now irrelevant. Minimal (or zero) tax liability for me. Cool. Technically, I hadn't realized that I needed to Contract...
  2. M

    Should I do a 1031 Exchange here?

    What is the name of your state? Arizona. I bought a vacant land parcel for $20k four years ago. I bought a different INVESTMENT property ("like kind") Four months ago, for $21k. I'm now in escrow to sell the vacant parcel for $51k. The question: Can I / Should I use these two properties in a...
  3. M

    Can the widow refinance to get another VA loan?

    Just to finish this story. . . This refi was finished. Completed. Around October of 2020. The best part: We did not need the VA Certificate of Eligibility. To wit, I actually found. . . https://www.benefits.va.gov/homeloans/documents/circulars/26_19_17_change1.pdf Page 1, paragraph 3, section...
  4. M

    How to create a bank account ONLY for mortgage payments?

    No, Blue, it's not the same friend. That VA refi was completed on the house in AZ, and we did not need the VA Certificate of Eligibility. To wit,. . . https://www.benefits.va.gov/homeloans/documents/circulars/26_19_17_change1.pdf Page 1, paragraph 3, section b: replace with the following...
  5. M

    How to create a bank account ONLY for mortgage payments?

    Yes, AdjusterJack, that's precisely it. Refi $330k, and put $100k in that "special account". OK, we'll look into whether or not a spare $100k is available somewhere. Nope... he hasn't yet discussed this with the existing lender. Brilliant! YOU initiated this idea, ZdDoohah. The Lender must...
  6. M

    How to create a bank account ONLY for mortgage payments?

    What is the name of your state? Well, I'm in Arizona, but. . . My friend in California wants to refinance his personal residence. The house is in Lake Forest, CA, with a value of about $700k. Existing mortgage balance is about $230k. Thus, lots of available equity. His FICO score is above...
  7. M

    Is this POA form adequate for the purpose?

    Wow. Thanks very much for all of the input, people. Like I said. . . Very helpful and informative. Thank You, Thank You.
  8. M

    Is this POA form adequate for the purpose?

    What is the name of your state? Arizona A friend recently put his mom (age 88, with very slight dementia) into an Assisted Living facility. He needs to get a POA so that he can sell mom's house to pay the $4k monthly cost. He says she would have no problem appearing to be of sound mind. Is this...
  9. M

    A recorded conversation, without a warrant.

    Thanks, Admin, for allowing the conversation to continue. IF this were Not hypothetical, I would not have posted it from my home computer without the help of TOR and fingerprint-spoofing tricks. Admin (and big brother) knows my IP. OK, so we're back to: Questions: 1. Ignore it. We now know...
  10. M

    A recorded conversation, without a warrant.

    Boyfriend thinks the "powers that be" CAN and possibly DO record ALL of our PHONE conversations, even International conversations.
  11. M

    A recorded conversation, without a warrant.

    Relax, people. . . This IS hypothetical. I apologize if I submitted a post that should not be here. NOT trying to anger the Admin. The conversation came up when my daughter's boyfriend said that he thought the cops CAN and possibly DO record ALL of our PHONE conversations. There's obviously...
  12. M

    A recorded conversation, without a warrant.

    What is the name of your state? Confusion. ;) Of course, this is a HYPOTHETICAL situation. . . A conversation was recorded by the (police, CIA, FBI, NSA, whoever) without their first obtaining a warrant. In the conversation, Adam is talking with Barney about hiring Barney to kill Charlie. A...
  13. M

    Why does the cost Vary so much?

    In Arizona, I received quotes for Home insurance. Regarding ONLY Coverage A (dwelling replacement): Farmers will pay up to $339k, costing me $483, State Farm will pay up to $270k, costing me $1159. Thus, State Farm offers a Lot LESS coverage for a Lot MORE $. Of course, both State Farm and...
  14. M

    Can the widow refinance to get another VA loan?

    Well, Zigner, the widow way is too stressed out. I'm just an old friend, helping. Quincy, thanks for that link. Looks not promising, so far. PayrollHR, yeah, with a FICO above 800, she'll qualify for just about anything, but a VA loan has several advantages. And yes, I understand that All...
  15. M

    Can the widow refinance to get another VA loan?

    What is the name of your state? Arizona With the current VA loan interest rate at 4.5, now is a good time to refinance. The veteran was 100% disabled, and passed away a year ago. One loan agent said that the widow cannot get another VA loan IF she is not now receiving any of the veteran's...

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