Archived
Lis pendens has been filed on property Im in the midst of purchasing. It is now a week before myclosing. How do I settle this?
Michael's answer
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Answered on August 30, 2014
YOU don't deal with it; your seller does. It is the seller's obligation to deliver good title at settlement. If a lien (a lis pendens is a form...
Archived
What is my obligation to a broker as a Buyer in Washington, DC? See the details below,
Michael's answer
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Answered on August 14, 2014
If you do not have any contract relationship with the broker that obligates you to use his services generally , you are free to act on your own. ...
Archived
If I type my Last Will & Testament & assign ownership to dift people of my earthly possessions, sign & date is it legal document
Michael's answer
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Answered on August 06, 2014
The questions that you have asked show that your situation requires professional assistance. Just typing up something that is not properly...
Archived
How do I get out of a short sale?
Michael's answer
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Answered on July 29, 2014
You did not say, but I assume that you signed the mortgage loan documents as a borrower and you are a part owner of the property. If you are a...
Archived
Is a signed prop management contract for the period of 2010-2011 still valid in 2014, or is an updated/signed contract needed?
Michael's answer
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Answered on June 26, 2014
As noted by my colleagues, the wording of the contract is important. There is also a Maryland statute that addresses such situations, and it may...
Archived
I have purchased a commercial storage with 2 other friends. Can 2 of us sell the building if the third don't want too?
Michael's answer
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Answered on June 10, 2014
If co-owners cannot agree on the management of real estate, any of the owners can petition the Court to have the property sold and the proceeds...
Archived
Can my neighbor prevent me driving over a part of their driveway to enter my driveway?
Michael's answer
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Answered on June 09, 2014
The first thing that you should do is determine what your rights are in the land involved. That requires a review of your title to see what...
Archived
I am divorced. Consent order says sale of house, only in my name on deed, shall split net proceeds. Does title company?
Michael's answer
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Answered on June 05, 2014
If there is a court order directing that the property be sold and the proceeds be split, the settlement agent will follow the court Order. from...
Archived
Is there a way to Deed property in Maryland back to the bank without paying the state and county transfer taxes?
Michael's answer
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Answered on May 04, 2014
If the bank is relieving you from the debt that you owe them, there is consideration in the amount of the forgiven debt, and that will be taxable. ...
Archived
A friend from NYC and I (from DC) want to pool our money and invest in real-estate in DC. Where should our LLC be based?
Michael's answer
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Answered on April 25, 2014
I have frequently addressed this question with my clients who invest across state lines in this area. From the local government's point of view,...
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