Lance S Davidson’s Answers

Lance S Davidson

Scottsdale Business Attorney.

Contributor Level 2
  1. Am I required to turn over tax records and other documents to a mortgage broker just to get a rate quote for a mortgage?

    Answered about 1 year ago.

    1. Lance S Davidson
    1 lawyer answer

    No, you are not required by law. You might be required to do so, however, if you accepted an agreement to be represented by a mortgage broker on your behalf and the agreement specifies the disclosures by you to be made. And many mortgage brokers/banks do require documentation to assure that their rate quote is based on your true financial circumstances. Still, many mortgage brokers/banks may provide your with a nonbinding rate quote absent the demanded financial documentation. Good luck.

    1 person marked this answer as helpful

  2. My sister is executor of our father's estate. We own property & business we own equally. I get nothing. Is this legal? ,

    Answered about 1 year ago.

    1. Paul E Deloughery
    2. Mark Gregory Jacobson
    3. Lance S Davidson
    4. Drew Norman Early
    4 lawyer answers

    The probate [will and possibly one or more trust]s and corporation enabling documents [articles, bylaws, shareholder agreements, etc.] will control, but it appears you will likely have a battle ahead of you. It appears that you have been relying on information and tax payments from your sister since 2006 without having full knowledge of the entire situation. To settle with her absent full information could be a huge [financial] mistake; you may take small comfort knowing that many others in...

  3. 3 people on a house title. Sale of the it is stalled due to one disagreeing on price with the other two. What can they do?

    Answered about 1 year ago.

    1. Matthew M Ellingson
    2. Lance S Davidson
    2 lawyer answers

    The prior attorney's answer may likely be correct, but could turn on what you mean by 'all on the title'. The deed or the conveyance could be defective, in which case the ex may not be 'on title.' The prior attorney assumes by default that you are all on title as tenants in common, but that may not be the case, so that a majority could override the ex's lack of cooperation. And there are several approaches to dealing with the ex's lack of cooperation if indeed she needs to approve. In any...

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