Can I sell a home with a life estate deed where I am the remainderman and have a durable POA for the life tenant?
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Answered on December 30, 2023
A review of the power of attorney would be necessary to determine if it gives you authority to conduct real estate transactions on behalf of the...
What exactly is a promissory note?
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Answered on December 21, 2023
A Promissory Note is basically an IOU. It states the amount of the debt and spells out how it is to be paid back, typically in monthly...
I am an heir to my aunts will canI have my power of attorney sign the documents at closing ??
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Answered on December 20, 2023
That depends on the capacity in which are signing and the terms of the power. If you are signing individually as opposed to say as an executor or...
Family encroachment on property?
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Answered on December 20, 2023
If you are an owner of the property and the people do not have a lease or other right to remain in possession of the property you can commence a...
Can we, the children take a home equity loan out on our house if we do not live there?
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Answered on December 20, 2023
Legally speaking the children can borrow against the home. Practically speaking you will not find a lender willing to lend against the property...
How to update a deed in NYC?
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Answered on December 20, 2023
First a review of the existing deed is needed to determine how title was held, whether there were rights of survivorship between your mother and...
My mom signed her house over to us the children. She is on the deed as a life estate. Can she take out a home equity line of cr?
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Answered on December 20, 2023
She will not be able to get any loan against this property as she does not own the property. By transferring the property to the children and...
Can my father remove my name from the deed (NYC)?
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Answered on December 19, 2023
The only way to remove you from the deed is for you to sign a new deed which removes your name from title. He can not remove you without your...
Can sellers be liable for selling a house as 2.5 bathrooms when one of the full bathrooms is not hooked up to the sewer lines?
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Answered on December 19, 2023
If the sellers knew of the condition and actively hid it from you then you could sue the seller based on a claim of fraud. If they didn’t know or...
What can I do to stay in my house for the winter? New York State, Washington County- property sold, new owners trying to evict
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Answered on December 19, 2023
You need to consult with an attorney as soon as possible to determine what your options are. You may have valid defenses to being evicted but a...