Archived
What are the laws in Maryland pertaining to real estate investors marketing to homeowners who are late on mortgage payments?
Michael's answer
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Answered on April 15, 2015
Maryland has specific limitations on marketing to owner occupants of residential property who are behind on their mortgages. If the owner is 60...
Archived
Is the deposit amount to get in on a foreclosure auction sale a percentage of the opening bid?
Michael's answer
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Answered on March 25, 2015
If you are the successful bidder, the foreclosing trustee will take your deposit check and credit against the price when you settle on the...
Archived
My neighbor has agreed to extend my the right to park my car on her property (drive way). How can this be handled legally?
Michael's answer
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Answered on March 16, 2015
It sounds like what your neighbor is willing to give you is an easement to park on her property. This is done by recording a document on the land...
Archived
Would like a definition of Quitclaim Deed for Baltimore MD 21205 as it relates to the sale of Real Estate Property. Thankyou.
Michael's answer
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Answered on March 08, 2015
The definition of a quitclaim deed is a deed without warranties. That is to say, a deed that transfers ALL of the rights the seller has in a...
Archived
Can I sue my realestate agent for intentionally removing items from home inspection?
Michael's answer
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Answered on February 23, 2015
You say that your agent removed the requirement that the tree be trimmed from an addendum to the contract. If the documents was an addendum to the...
Archived
Is it legal to assume a mortgage after death of loan holder without being on mortgage
Michael's answer
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Answered on February 10, 2015
There is no prohibition, but there is no reason to do so. The heirs simply take over the property. As long as the heirs are within family, the...
Archived
Is it ever possible to get a mortgage when you are less than a year past having been foreclosed on? A situation we are in is
Michael's answer
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Answered on January 20, 2015
There is no law. However, if the lender wants to sell its loans via the federal loan marketing system, the lender has to comply with the...
Archived
Is this real estate fraud? What can i do legally?
Michael's answer
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Answered on January 09, 2015
When selling a house in Maryland, the seller is obligated to disclose known latent defects. That type of defect is something that is not apparent...
Archived
Why won't the bank foreclose on my condo after eight years of not living there? Now I owe $33,300 plus in condo fee arrears.
Michael's answer
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Answered on October 24, 2014
My colleagues are correct. The only way to stop additional charges from accruing against you is to sell the property. However, you will most...
Archived
How do I get out of a mortgage without ruining my credit? I don't want to do a short sale or deed-in-lieu. Mortgage Assumption?
Michael's answer
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Answered on October 20, 2014
This question is really better addressed to an attorney or real estate agent in Florida who is familiar with the real estate market. However, in...
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