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Vincent J. Gallo

Vincent Gallo’s Answers

808 total


  • Do I need my own attorney to do the paperwork for the closing for my house?

    I am doing a lease to own and the owner said I could do everything through his attorney. I was wondering if I should obtain my own attorney.

    Vincent’s Answer

    The fact that you posed the question gives you the answer.

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  • Do I need a real estate attorney involved in the sale of my house post divorce ?

    Can I legally sell the house I have been living in post divorce if said house is in ex husbands name? The court judgment ruled house to be mine, as stated in a MSA, ( marriage settlement agreement) with a dollar amount owed to him. I would nee...

    Vincent’s Answer

    At least in New York, an Order/Judgment that entitles you the house only "entitles" you to the house, it does not cause title to the house to be vested in you so as to allow for you show ownership. To "round the bases" , if you get no co-operation in gaining actual title to the house you will have to endeavour to enforce the Order/Judgment, under the cloud of sanctions for your ex-husband's failure to co-operate in conveying his interest in the house to you.

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  • How can I find out how much is owed on our Mortgage?

    My partner and I live together in a home that is in her name with the Mtg company, but we are both on the warranty deed. Our relationship is very rocky at times and I'm worried about my future. She is very private about her finances and what is ...

    Vincent’s Answer

    Since you are not a signatory on the Note, from what you stated, the Lender will most likely not communicate with you directly as to the debt. Are you paying the Mortgage debt jointly with her? If so, then did you try asking her for a copy of the latest statement that will likely show the balance?

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  • I was appointed a home inspector. Is this legal in NJ?

    I am purchasing a home and the Realtor assigned me an home inspector.

    Vincent’s Answer

    Then seriously consider selecting an inspector of your own choosing.

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  • Penalty for paying off a mortgage early?

    If I were to pay off a $100,000 30-year mortgage early, the bank would obviously be losing tons of interest they expected to make over those 30 years. What is the rule? Is there a penalty equal to all that interest (another $75,000)? Or is it s...

    Vincent’s Answer

    The Mortgage Note that you executed would govern your obligations, so read it carefully as to its terms.

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  • Why do I need a real estate attorney to buy a house?

    My understanding is that the contracts are pretty much form contracts and that the seller's attorney is responsible for ensuring good title (and his malpractice insurance covers any problems with the title he fails to uncover.). So then why does ...

    Vincent’s Answer

    You are not legally required to have an attorney represent you in connection with a real estate purchase transaction. Provided however that you are confident that you possess the acumen necessary to fully understand what you are getting yourself into, at your own risk and peril, noting that a seller's attorney has no obligation to you whatsoever.

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  • Can I file a quit claim deed

    A very good friend allowed me to movin to his home on May 29th 2011 and passed away in Feb 2013. I am paying the tax's . The Appraisers office says he's 100% owner. Can I file a quit claim deed.

    Vincent’s Answer

    You can file it; it won't have any effect on the property, but you can file it.

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  • Escrow- I have paid 10 k into escrow . I am now considering backing out of the contract .

    Our loan has not been approved within the 30 day period as stipulated in our contract . Does that give me am out and will I get my escrow back ? Could I be liable for damages beyond the escrow ? Closing is in2 weeks time.

    Vincent’s Answer

    What do the terms of your contract provide?

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  • Can a seller's agent force me to buy a house even though they didn't comply with all the repairs asked for?

    I asked for all galvanized pipes to be replaced under home (meaning all the pipes). They only replaced the ones in the crawl space of the home. After final inspection I mentioned that galvanized pipes still on the premises and asked in writing for...

    Vincent’s Answer

    Did your attorney provide in detail in the Contract all of the repairs that you insisted on as a condition of your closing on the real estate? If so, you should have a good case. If not, then why not?

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  • Is a Deed the only way to sever a joint tenancy?

    Is a Deed the only way to sever a joint tenancy?

    Vincent’s Answer

    It's not the only way. It can also be done by Court Order, if you really want to spend money.

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