It's a numbers game. If there is enough left over after the IRS is satisfied to make it worthwhile for the lender to go through the process there...

I am going through the process of Deed in Lieu of foreclosure. The lender is asking for my commitment to give $3000 cash at

The Lender does not have to accept a deed in lieu. It can go through the foreclosure process. The leverage you have really depends on how...

You don't make it clear whether this was for the same property. It is a little odd to do two leases for the same property rather than one two year...

Fiance took money out of bank account what can I do?

You said that both of you put money into the account during the year. If there was no clear agreement whose money was taken out for living expenses...

No one is living in the house with a mortgage. My name is not on mortgage. am i responsible if forecosure?

If you are asking whether you are responsible to pay the debt the question is whether you signed the Note. The Mortgage is security for the debt,...

Are appraisers getting away with murder when appraising homes?

Appraisers are supposed to use comparables as close as possible to the property being appraised. Given the current real estate market it is...

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Do i have to pay for a pump I "may" have broke. Well pump needs to be replaced and landlord wants me to pay for it.

You also need to review your lease if you have a written one for the house. It may establish who is responsible for both maintenance and repairs. ...

Two borrowers on mortgage loan, no co-borrower. However, only one borrower listed on title deed. Both borrowers paid equaliy.

Property laws vary by state but as a general rule the deed controls ownership, not the mortgage. If the husband is the only one on the deed he is...

What is the process to establish a home based massage business in Edison, NJ?

This is too local and specialized for a specific answer but you should know there are two things to consider. First is the statewide regulation of...

HUD Statement - Line 505, what is the legal meaning around "Pay-Off of Second Mortgage" or is it just a lein release?

All liens must be discharged at closing to transfer clear title to a Purchaser. If the homeowner has a second mortgage, most commonly a home...