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...
Archived
Removing Child from Deed on House--is there any Transfer Tax Due?
Michael's answer
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Answered on October 16, 2014
If the property is in Maryland, there is no transfer tax due when parents and children convey to each other, as long as there is no consideration...
Archived
Creditor used judgement to purchase deceased share of real Estate. Can she force a sale partition?
Michael's answer
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Answered on October 14, 2014
It is definitely possible for the creditor who purchased the deceased party's interest in the property to force a partition sale. However, if...
Archived
I'm the victim of a mortgage scam, I cant afford a lawyer and don't know what to do. what are my options?
Michael's answer
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Answered on October 07, 2014
What makes you think this is a scam or that it is illegal. It appears that you took title to the property subject to the seller's mortgage. This...
Archived
2nd Lien Holder foreclosing on Property. Should I purchase or not purchase?
Michael's answer
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Answered on September 24, 2014
As I am sure you know, foreclosure purchasing is not for the faint of heart. You have no idea what shape the property is in and you don't know the...
Archived
MD Can I sell home as remainderman after death of life estate. In tax sale. Can I get deed in my name w/o pay tax 1st? Any $?
Michael's answer
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Answered on September 22, 2014
If you are the sole remainderman and the life tenant has died, then you own the property. Nothing more need to be done for you to be able to sell...
Builder's preferred lender and kickbacks
Michael's answer
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Answered on August 31, 2014
It is not only legal for the builder to try to have you deal with his preferred lender, it is customary. Often, the builder will obtain some sort...
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