Tom Resnick
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A 1031 exchange delays, not eliminates, capital gains taxesJun 02, 2017 10:23 am - Q. I have a question about a 1031 exchange. Am I required to use the entire proceeds from my sale on my purchase of the new property or can I take some of the proceeds f...
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It's fairly uncommon for seller to stay past closingMay 21, 2017 6:00 am - Q. My husband and I are buying our first home. We have agreed on everything with the sellers except for one thing. They are an older couple and need extra time to move o...
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Radon level can be contentious in sale negotiationsApr 23, 2017 6:00 am - Q. My husband and I signed a contract to purchase our first home. We did a radon test as part of the home inspection. The test showed the radon levels were above the EPA...
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Buyers have legal remedy for refrigerator switchMar 12, 2017 6:00 am - Q. My husband and I bought our first house a few weeks ago. The contract stated the refrigerator would be included. There was a beautiful new refrigerator in the kitchen...
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Land trust supersedes will regarding inheritanceFeb 26, 2017 5:00 am - Q. My uncle died late last year and his will stated that any real estate he owned would go to me and my wife. He owned a small house in Wauconda that's probably worth ar...
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Easement restriction clouds necessity to remove dead treeFeb 12, 2017 5:00 am - Q. I read your column in the Daily Herald. I am hoping you can give us some advice on a property situation we are having. The back 50 feet of our lot is a designated pre...
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You may need to help landlord find your exJan 15, 2017 5:00 am - Q. I lived with my boyfriend for about a year and a half in an apartment we rented. I left with about seven months to go in the second year of our lease. We agreed that ...
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'As is' sale does not eliminate repair discussionsDec 05, 2016 8:46 am - Q. My wife inherited a house from her aunt and we recently listed it for sale. We advertised that we were selling the house "as is" because we never lived there and didn...
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Renters have rights when the property is foreclosedOct 02, 2016 6:00 am - Q. We enjoy reading your column in the Daily Herald and are hoping you can shed some light on our dilemma. We are looking to buy something in a year or so. We are now re...
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Trust can be changed to remove condominiumSep 18, 2016 6:00 am - Q. A few years ago, my husband and I set up a trust and living will. Included in the trust are two pieces of real estate. One is our primary residence and the other is a...