Archived
Does removing my name from the deed affect the terms of the separation agreement related to the sale of the marital home?
Michael's answer
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Answered on September 30, 2015
As Mark has pointed out, a spouse customarily gets paid off in a refinance, in return for signing over their interest in a property. Once you...
Archived
How to sell/transfer ownership of a home to a relative
Michael's answer
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Answered on July 28, 2015
The state and some counties charge transfer and recordation taxes on sales. They are usually expressed as a percentage of the sales price. If...
Archived
How do we get someone to move out of a home that we purchased.
Michael's answer
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Answered on July 21, 2015
Before you can put anyone out of the house, you have to own it. The "notarized letter" from your mother is not necessarily enough to transfer...
Can Condo associations ban rentals under Maryland or specifically, Baltimore law?
Michael's answer
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Answered on July 08, 2015
The powers of the condo association are set forth in the Declaration and By-laws that are recorded on the land records. The rules that the...
Archived
Can the Board in a Co Op Housing Association refuse to transfer ownership to my son if he pays mortgage off?
Michael's answer
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Answered on July 06, 2015
In a true coop (as distinguished from a condominium) the Association has the power to accept or reject owners. However, whether the owner has a...
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Archived
Can I file a quitclaim to transfer interests of my unit Coop to my son without having to ask approval from the board?
Michael's answer
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Answered on July 03, 2015
You have used the words "condo" and "coop" as if they are interchangeable, and they are not. Classically, in a condominium, you can transfer...
Nickname is on a deed instead of legal name. Is that a problem or should it be changed?
Michael's answer
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Answered on June 25, 2015
As noted above, the simple way to solve the problem is by recording a corrective deed. It is not required, but it will no doubt simplify matters...
Archived
Do I need a real estate attorney?
Michael's answer
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Answered on June 25, 2015
Thomas is absolutely correct. Do not let anyone fast-talk you into something.
It may be time for you to inquire further into why your buyer is...
Archived
I have my Consent Order Approving Sale. Why is the tittle company waiting out an additional 30 days before I can settle?
Michael's answer
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Answered on June 04, 2015
After a final order in a lawsuit, each party has 30 days in which to file an appeal. Thus all title companies require that the 30 days pass before...
Can a Borrower on a loan sue the Coborrower if the Co borrower doesn't pay half?
Michael's answer
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Answered on May 24, 2015
Unless the loan documents require otherwise, each of several borrowers is obligated to pay their proportional share of the debt. To the extent...
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