If someone is contributing money to a home purchase, do they have to be on the title or deed?
If she is already a signatory to the contract then it appears that she has expectations of being a co-owner on the deed. Being a co-owner provides...
Staten Island, NY
Real estate Lawyer at Staten Island, NY
Practice Areas: Real Estate
If she is already a signatory to the contract then it appears that she has expectations of being a co-owner on the deed. Being a co-owner provides...
Responding from a New York perspective, from what you stated it appears that you are willing to give you a friend mortgage. That document is...
Responding from a New York perspective, if a deed is not acknowledged, it is not able to be recorded. If it is not recorded, it therefore fails to...
That will depend upon how the Note and Mortgage that you executed when you were lent the money specifically read, as to whether they allow for you...
The "cons" is that if you aren't on the Deed as a Co-Owner, then, as far as title to the real estate is concerned, you own absolutely nothing.
He would need to either join in the refinance if the lender allows it, or alternatively, he would have to forfeit his life interest in real estate...
If a Lender has two (2) obligors on a Note, there is no reason for the Lender to dismiss one (1) of the obligors and cut their recourse in half.
I wouldn’t count on having any recourse, except, perhaps, in small claims court where you may find a sympathetic arbitrator who is not necessarily...
You can initiate an action which is referred to as a partition, the court would appoint a receiver and it would be sold to the highest bidder,...
If you are confident that you can properly and fully handle the transaction without an attorney, then do so. if you are wrong, you are stuck with...