Archived
I purchased a house in North Carolina with my wife. I took my name off the deed and my wife just passed away.
Michael's answer
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Answered on October 11, 2012
Rights to the real estate itself may well depend on the laws of the State of North Carolina since the land is located there. If your wife's estate...
Archived
How can i unload a rental property?
can I put the home up for sale and will the bank turn any balance owed into an unsec. loan?
Michael's answer
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Answered on October 10, 2012
If the sale price of the house will not support payoff of the mortgage debt, the best you can hope for is a "short sale" in which the bank agrees...
Do I need a real estate lawyer to win rights to use condo storage unit (limited common element)?
Michael's answer
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Answered on October 09, 2012
The rights to the storage unit are set forth in the condominium declaration and bylaws which are recorded on the land records. You use the term...
Archived
I want to find the correct forms to be able to assign contracts for Real Estate in Maryland, which forms can I use?
Michael's answer
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Answered on October 08, 2012
There are several forms being commonly used. Which form you use depends on what it is you are seeking to accomplish within the assignment process....
Archived
What happens if the lender (Chase) can't produce documents that state I will be responsible for the deficiency in a short sale?
Michael's answer
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Answered on September 27, 2012
You should have an attorney review the short sale approval letter that you received from Chase. Such letters frequently discuss releasing any...
Archived
Assessment of Property without consent of P.R.
Michael's answer
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Answered on September 27, 2012
as was noted in the prior answer, usually the estate is responsible for determining the value of the property. Your question however says that the...
Is it legal in Maryland to take out a home equity loan that is jointly owned and without the consent of one of the owners?
Michael's answer
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Answered on September 09, 2012
Tom is correct in saying that unless both owners of the property have signed a mortgage, it will not be a lien against the property.
However,...
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Archived
On house title but not mortgage what am I liable for?
Michael's answer
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Answered on September 07, 2012
As a general matter, you are only responsible for debts that you signed for. Therefore, if you did not sign the original note promising to pay the...
Archived
Need to have my Deed revised. Would like to have my oldest son's name removed but may not be able to obtain his signature.
Michael's answer
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Answered on September 04, 2012
You cant remove someone from title to property without their consent (their signature) or a court order. Unless you have a legal reason to remove...
Selected as the best answer
Is a real estate contract binding in Maryland if there is an initial missing.
Michael's answer
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Answered on August 22, 2012
Tom's answer is correct. Just to amplify it a bit, a real estate purchase contract usually contains many provisions, some of which may allow you...
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