Where is it written in law or regs that banks cannot do loan modification on home titled in irrevocable trust?
It is probably not written anywhere, but is merely a bank policy. The bank is under no obligation to modify the loan in any event.
Merrick, NY
Real estate Lawyer at Merrick, NY
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It is probably not written anywhere, but is merely a bank policy. The bank is under no obligation to modify the loan in any event.
Life estate generally means they have the right to live in the property until the last one of them should pass away. Since they hold your mortgage...
Yes it is. Normal. While the deed itself usually cost $250 to $300 it is a good idea to know what you are buying. A quit claim deed says that...
NO. Make a motion to dismiss based on not being a proper party to the action. This will make the plaintiff have to start over and cost them time...
You have 23 years of accrued interest on these loans. Of course it will be greater than the original loan amount. In addition you are only paying...
Use the find a lawyer tab on this site and search in Puerto Rico.
That depends on how title was held. If title was held as joint tenants with rights of survivorship then the house would automatically belong to...
An attorney would have to review the actual lease and all paperwork to determine if there is a notice provision, how much notice is required and...
Assuming your dissolution of LP was done properly and with consent of the other members then yes you can. This is the equivalent of selling the...
How is the loan secured? did you take back a promissory note? is there a UCC filed against the business? Did you take back a mortgage? Is the...