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,...
Archived
Under Maryland Tenant-In-Common law can 1 owner "rent out to third parties or mortgage without the consent of the other owner"
Michael's answer
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Answered on April 09, 2014
Your sister really cant impose any conditions on deeding the property if the Court has ordered her to do so. If she wont deed the property, you...
Lender made a mistake and is now rescinding mortgage commitment letter
Michael's answer
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Answered on April 03, 2014
You should have your commitment letter reviewed by an attorney to determine whether or not it does represent a binding obligation to loan money. ...
Archived
Need a lawyer to rewrite a mortgage for my specific requirements
Michael's answer
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Answered on April 02, 2014
you actually need more than just a mortgage document. You need at the least a note as well. Depending on the circumstances, these might be...
Archived
Real estate lawyer in gaithersburg
Michael's answer
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Answered on March 20, 2014
Unless the deed states otherwise, each owner is entitled to half of the proceeds. However, that is only part of the analysis.
Each owner is...
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