Short Sale - pressured to take loan out? Is this legal?: Short sale 1 1/2 years ago and was pressured to complete sale by taking out a loan for 1/2 amount shorted. Realtor advised me to sign to close out deal. I am told I should not have a loan on a short sale. Its a non secure loan for 15 years at 4.5%. Thank you. Donna S Cleveland, Ohio
Divina's answer: I know this is being done because a good friend also had to do the same. My guess - without knowing your exact situation - is that you did not qualify for a distressed homeowner short sale with no note due to your other assets. My friend, having other assets that she could have sold to pay the difference in the original mortgage, had to take the loan back to close the transaction. In most cases, short sales are done when there are no other assets. You could ask your bank why this happened, but that seems to be a good educated guess.
Can an illegal immigrant that pays all Federal and State taxes buy stock in a US company?: I'm interested in buying some stock, but I don't know if my immigration status will allow it.
Divina's answer: Yes, an illegal immigrant may buy stock in a US company. The question that no one has risen is what address do you provide as your home? If you are known to be illegal, INS could use this address as a means of finding you to deport you. So its a double edge sword. You can invest but it may lead to your deportation because you need to furnish a contact address.
Selling a family lot: my land is listed on record as a family plot....can someone sell their part of it?
Divina's answer: You need to see how it is titled. There are many ways to title property that could create a right of survivorship - which means you may not be able to sell your part of it. For a quick answer, talk to a title company in Martinsville, IN and ask them how it is titled and if the title company would prepare documents for you to transfer it to a new owner. If not, you know you won't be able to sell it.