Every year since 1976, Edith Lank has sent thousands of readers individual answers to their real estate questions -- "mostly via e-mail these days."
"I write," she says, "not about the big picture but about the small -- whatever concerns the individual home buyer, seller, small investor, tenant or landlord. I answer every letter, and I always treat names or email addresses I receive with complete privacy."
Her nationally-syndicated real estate column has won awards for journalistic excellence and consumer education from the National Association of Real Estate Editors, the Real Estate Educators Association, the Mortgage Bankers Association, various Bar Associations and the National Association of Realtors. She has appeared on CNN.
Dear Ms. Lank: Did you know that there will be a 3.8. percent tax on homes sold in the year 2013 to finance the Obamacare program? -- Email Answer: No, there won't.
The bad news is that each owner is legally responsible for the entire tax bill. The good news is that in a tax foreclosure, action is usually taken against the property, and not personally against the landowner(s). If you don't pay, your relationship with your cousins might take a hit, but I don't think your credit record would.
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