Staten Island, NY
Real estate Lawyer at Staten Island, NY
Practice Areas: Real Estate
Ask your brother to re-finance the Mortgage, and if he agrees, you can expect to be removed from the Deed as well. There could be gift tax...
Absent special language contained in the Contract, the moment the Seller turns the keys over to the Purchaser.
Then the answer is "no".
It won't affect your "title", so to speak, but it will inevitably affect your ability to get a Certificate of Continuing Occupancy from the local...
You stated that the sewerage company has been taking the payments "out" for 4 years after the closing? "Out" of where? And you didn't think to...
Did your Broker's Agreement that you had with your Realtor include as a part of it that the Broker was entrusted with "watching" your house in...
Tell the seller to follow what is in the contract, as should you.
If the contract provides that the premises is to be delivered vacant and broom clean then don't close.
I have all the confidence that the value of the gift was worth at least $14,000.00; consequently the answer is yes.
You can't properly respond without first thoroughly examining the terms of the Note and Mortgage as to this point.
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