Archived
My 90 yr old aunt is the surviving owner of her home. She signed a reverse mortgage 10 yrs ago with no recollection of terms.
Bryan's answer
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Answered on August 29, 2014
Usually, new debt would accelerate the reverse mortgage. Interest accrues on the amount borrowed. When your aunt sells the house, the mortgage...
Archived
Do we need an attorney?
Bryan's answer
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Answered on August 29, 2014
As my colleague has noted, to determine the extent and nature of your property interest, a real estate attorney will have to review the deed and...
Archived
What to do if you do not not get a copy of a will if you are a beneficiary
Bryan's answer
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Answered on August 28, 2014
The will is a matter of public record and can be obtained from the Surrogate's Court in the county where the probate proceeding is filed.
Archived
How can I finalize a deed
Bryan's answer
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Answered on August 28, 2014
Most likely, the Surrogate's Court will appoint an estate fiduciary who can sell the property in the context of a probate or estate administration...
Archived
How can i legally close my driveway/easement?
Bryan's answer
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Answered on August 28, 2014
As easement is a privilege to use land that one does not own. The answer to your question will depend in part on the type of easement it is and...
Archived
How can I get paperwork showing that there is no lien on my property against the previous owner?
Bryan's answer
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Answered on August 27, 2014
You own shares (i.e., stock) in a co-op, not real estate. You may be able to use an insurance product to satisfy the lender that your shares are...
Archived
Is an $11,100 title search and $75 gratuity tip legal?
Bryan's answer
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Answered on August 25, 2014
To clarify, the $11,100 is not the cost of the title. It covers the title insurance premium and a variety of itemized costs and taxes. The tip is...
Archived
Am I obligated to allow my co-op to have their contractor perform repairs in my unit as a result of damage from roof repairs?
Bryan's answer
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Answered on August 25, 2014
Usually, co-op tenants want the co-op to do repairs for them. Under the circumstances, I can understand your concern – especially if it could void...
Archived
My great aunt died with no will. My uncle took everything. Alot of money involved! was the great niece. What can I do? Was singl
Bryan's answer
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Answered on August 25, 2014
When someone dies without a will, the person is "intestate." The law of intestacy determines who will inherit and in what amount. If she was...
Archived
Can a living trust used life insurance payout towards specific investments?
Bryan's answer
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Answered on August 25, 2014
You can fund a trust with insurance. There are some default laws with regard to investing by a trustee. To properly authorize the trustee to...