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If I have 2 loans, 1st and 2nd mortgage on the same home are they considered payed after they take the house?
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Answered on January 09, 2013
The answer depends on which mortgage was foreclosed. If the first mortgage was foreclosed, then the second mortgage was divested. If the second...
Archived
My daughter owns a townhouse and wants to put it in my name. I am her mother.
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Answered on December 02, 2012
You can certainly do a quit claim deed from your daughter to you, and it would be exempt from state and local transfer taxes. However, if your...
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Is a quiet title a good way to get the mortgage company to produce my note?
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Answered on November 26, 2012
A quiet title action may be brought in PA for the purpose of establishing the validity of an interest in land. While a mortgage is an interest in...
Archived
Real Estate Transfer
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Answered on November 22, 2012
Transferring the property may trigger a federal gift tax liability, which you (not your children) would be obligated to pay. Depending on the...
Archived
Are you able to stop a sale of a house?
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Answered on November 16, 2012
Based on the information provided, it sounds like you may have a basis to ask the Orphan's Court to stop the liquidation of the real estate, but...
If property taxes are owed on a home can the deed still be transferred into another name?
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Answered on November 14, 2012
Depending on your relationship to the home owner, you may also be subject to a Commonwealth of PA inheritance tax which has a super-priority and...
Archived
We own a home on 9 acres - we want our son to take over this home and we want to put a new mobile home on the property for us.
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Answered on November 07, 2012
You can convey title to a property without selling it. If the property is your primary residence, a sale of the property would not trigger a...
Archived
I moved out of my house august 2 nd of this year ,my wife moved out September 7th, we're separate. house is in both names,
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Answered on November 07, 2012
The cancellation of your hazard insurance should not, by itself, affect a future real estate purchase. However, if your name is still on the deed,...
Archived
What is the best way to transfer LLC-owned real property, in PA, to an individual to minimize, or avoid, tax consequences?
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Answered on November 07, 2012
The question needs more detail about what type of taxes are sought to be minimized or avoided. My assumption was transfer taxes, but the...
Archived
Can someone take me to court without a contract?
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Answered on November 07, 2012
If you were misled about the price, then you may have a defense to a claim brought against you in court.
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