Archived
I am being summoned to Civil Court for a promissory note that the company is demanding I pay in full. I cannot afford to pay.
Richard's answer
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Answered on August 20, 2018
If you do not show up then a default judgment will be entered against you for the full amount sought. You must answer the summons and complaint...
Archived
How can I pay the lowest tax on a co-op apartment that I have rented out for about 30 years and claimed appropriate depreciation
Richard's answer
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Answered on August 20, 2018
If your son inherits the property he will pick it up at the stepped up basis of the current market value at the time of death. If he is a joint...
Archived
Do I need to pay a fee for breaking a private school contract?
Richard's answer
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Answered on August 20, 2018
Read your contract. If it says you have to pay 10% to cancel and you signed the agreement then it is enforceable against you unless a court finds...
Archived
Can I have the mortgage loan transferred to me without qualifying for a loan?
Richard's answer
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Answered on August 20, 2018
You can not simply take over the mortgage. The lender would have the right to call the loan due and payable if you did this. You would need to...
Archived
I would like to know if anyone has power of attorney over me?
Richard's answer
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Answered on August 20, 2018
The only way someone could have a power of attorney for you is for you to sign a power of attorney form giving someone specific powers. If you did...
Archived
What can I do about a disappearing contractor?
Richard's answer
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Answered on August 20, 2018
You can sue him on the contract or you can fire him, hire a new contractor to finish the job, then sue him for the cost of completion.
Archived
Medical document
Richard's answer
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Answered on August 15, 2018
You can state your interpretation in any manner you want in your pleadings or in an affidavit but you may not alter the document itself in any way...
Can a seller sue a buyer for backing out of a home buying contract because they took a lower offer?
Richard's answer
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Answered on August 15, 2018
More facts are needed. Did the seller sign the contract and return a fully executed counterpart to you? If so, did the contract provide that you...
Archived
I'm I going to be able to close in 10 days?
Richard's answer
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Answered on August 14, 2018
You should not close with such an encroachment on the property. The seller needs to clear this up before you close or it will become your problem...
Archived
I would like to start an independent real estate brokerage. Do I have to incorporate in the state I am licensed?
Richard's answer
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Answered on August 14, 2018
You can incorporate in any state and then file as a foreign corporation in NY to be authorized to do business in NY. The entity would then need to...