Archived
What laws apply to a homeowner who has abandoned his property for 15 years but continues to pay property taxes.
Michael's answer
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Answered on August 28, 2013
Try bringing it to the attention of the building inspector or the board of health, whichever one may have jurisdiction and see if they can do...
Archived
Do I have any legal rights that not all information was told to us about a house we recently purchased
Michael's answer
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Answered on August 22, 2013
Buying real estate in Massachusetts is a "buyer beware" transaction, which means that the Seller is not legally required to tell you anything about...
Archived
Is there a cap on reasonable maintenance costs for a elderly life tenant? Is the remainderman responsible for major repairs?
Michael's answer
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Answered on August 20, 2013
The first place to check is the Deed which created the life estate. If there is no guidance to be found there, then I would say that the life...
Archived
Is it better to retain our mortgage after a complete home loss due to fire, or pay it off.
Michael's answer
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Answered on August 16, 2013
If you have the ability to pay off the mortgage, then I would suggest doing it. I would not rely on the mortgage company to "oversee" the...
Archived
My significant other and I are looking to purchase a home. How do I protect this asset from his ex-wife?
Michael's answer
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Answered on August 16, 2013
I would suggest that you keep the house in your name only at least until the ex-wife refinances and pays off the mortgage that is in his name.
Archived
Does the law for PMI needed on a mortgage state that the appraisal is the original appraisal or can a current appraisal be used?
Michael's answer
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Answered on August 12, 2013
This is a good question for a mortgage broker, but ... I am going to assume that your goal in all of this is to eliminate PMI. So, one way to do...
Archived
Real Estate (Common home) Negative Equity
Michael's answer
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Answered on August 12, 2013
In addition to the other answers, I would point out that how the house issue is resolved is still negotiable in the course of the divorce settlement.
Archived
What are the repercussions of selling your home in a short sale to an investor?
Michael's answer
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Answered on July 31, 2013
I would suggest you direct your question to a bankruptcy lawyer because that seems to be where the main issues are.
Archived
What is the liability against a real estate agent for failing to notify seller that buyer failed to obtain mortgage loan
Michael's answer
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Answered on July 23, 2013
I would doubt that you have any recourse against the broker, but you may have a claim against your lawyer. Most real estate brokers get paid from...
Archived
Selling 30% of my company share
Michael's answer
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Answered on July 18, 2013
You do not necessarily need to establish an LLC, but there may be advantages to doing it as an LLC as opposed to a sole proprietorship. There are...
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