Real estate and estate planning, pt. 2

The results are in from our poll about wills, and they do not look good.

Only 35 percent of 724 respondents said that they have a will. Of the 65 percent who don't have a will, 46 percent gave this reason: "I keep putting it off."

That's a reason, but it's no excuse.

Full disclosure: I'm in that 46 percent, making me, at least in theory, part of the problem. So now, getting a will done is on my to-do list (the short one - not the long one, which includes things like, "build a movie studio in Homewood").

I'll let you know how that goes. Meanwhile, here's our...

Real Estate Watch

Several of you have asked about how to pursue the opportunities that you see in foreclosed properties. Never having done it myself, I cannot give you a detailed how-to. However, beginning today, when we list foreclosures in "Real Estate Watch," I will include the name, and if possible, a Web link, for the lender that took possession of the property, so that you know whom to call.

The latest report from RealSTATs shows the following sales in the 13th Ward:

7307 Bennett Street, to US Bank National Association, by sheriff's deed, for $2,528
8336 Bricelyn Street, to Fannie Mae, by sheriff's deed, for $2,863
1308 Sterrett Street,  to Fannie Mae, by sheriff's deed, for $1,506
7148 Upland Street, for $15,000

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