I have a verbal agreement with my sister to buy her house and she keeps telling me when i am done paying its hers again.
John's answer
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Answered on January 09, 2015
all states require transactions in real estate to be in writing ...called statute of frauds which encompass other types of contracts (as well as...
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Can the Board president canvass the neighborhood handing out ballots and suggest who homeowners should vote for?
John's answer
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Answered on January 09, 2015
I very much doubt the Bylaws of the HOA prevent solicitation of homeowners, especially if it relates ot the business of the HOA and is not some...
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If I claim my fiance on my taxes as a dependent can they hit me up for his back child support?
John's answer
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Answered on January 09, 2015
He is not a qualifying child or a qualifying relative. See enclosed IRS Publication link which detail the requirements to claim a dependency...
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Can I amend my Operating Agreement to add a involuntary buy of some Members' interests?
John's answer
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Answered on January 09, 2015
The key is whether or not your Operating Agreement has a typical clause (Miscellaneous Provisions) entitled "Amendment or Modification." If this...
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If I create a revocable living trust in New York, can I have real estate owned outside NY in that same living trust?
John's answer
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Answered on November 26, 2014
Yes, is a common technique to avoid what is known as ancillary probate in those states where you are not resident. A new deed for each property...
In the State of California does a Not for Profit have to have a physical address or can you use a PO Box address?
John's answer
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Answered on November 26, 2014
See enclosed link to the CA statute itself, specifically section 202(c), (d) and (e) copied here.
(c) The name and street address in this state...
What is the best corporate structure for a real estate development firm.
John's answer
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Answered on November 26, 2014
Although not enough facts known, most likely an LLC would be best choice, especially if you are potentially going to want differing ownership...
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If an LLC elects to be taxed as a corporation, does that mean it has to follow corporation rules and regulations (and not LLC)?
John's answer
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Answered on November 26, 2014
Let me break it down this way:
1. An LLC is a creature formed under state law and so the state statutes and regulations governing LLC's will...
Can a successor trustee sell a house listed in the trust to themselves and set the selling price also?
John's answer
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Answered on November 03, 2014
The unhappy sibling could file a petition in probate court seeking the court to prevent the trustee from selling the home to himself absent a...
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How do I find out if there is a lien on my property
From the utility company
John's answer
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Answered on November 01, 2014
Even if there is a lien on the property what relevance does that issue have on the tenant's obligation to pay you rent? It seems like a trumped up...
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