Archived
On a lease-option. Trying to exercise my option but owner says he's hit maximum # of mortgages per year. Any validity?
Marshall's answer
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Answered on May 05, 2015
Dodd-Frank, a law designed to prevent abuses by mortgage lenders has severely limited seller financing of residential properties. Since yours is a...
Archived
Real estate sale Issue
Marshall's answer
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Answered on May 05, 2015
This is not an "either or" situation. Your and your co-owner can both get what you want. Deliver the quit claim deed to the closing agent for the...
Archived
My mother is 86 and owns her home outright.
Marshall's answer
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Answered on May 04, 2015
The easiest way to accomplish your mother's purpose is for the mother to retain a life estate or an enhanced life estate and to deed the remainder...
Archived
My mother made a will that when she passes away the property is mine and my brothers.The title is under our names also.
Marshall's answer
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Answered on May 04, 2015
Your mother can only leave by will that property which she owns at the time of her death. If she has deed a partial interest in the property she...
Archived
Can transfer of shares of an LLC be designated on a trust?
Marshall's answer
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Answered on May 04, 2015
You are talking about something that is possible, but you are missing a step. For the trust to determine how your 90% of the LLC will be disposed...
Archived
When exclusive use and possession ends? Can former husband throw out former wife and minor child?
Marshall's answer
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Answered on May 04, 2015
The answer to your question depends on the wording of the deed and of the judgment dissolving your marriage. You should consult the lawyer who...
When is an escrow deposit considered received from a buyer? When its postmarked or when the escrow company has it?
Marshall's answer
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Answered on May 03, 2015
Unless there is a provision to the contrary in the contract, the deposit is considered delivered when it is turned over by the buyer to the custody...
Where on the farbar as is contract does it mention who pays the outstanding property tax and can an attorney change this?
Marshall's answer
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Answered on May 03, 2015
When you contract to sell property to a buyer, you are agreeing to deliver clear title to the property. As the seller, you must pay all liens on...
If the buyer sends the escrow deposit in a couple days late can the seller cancel the sale or keep the escrow due to default?
Marshall's answer
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Answered on May 03, 2015
By failing to pay the deposit on time, you were in default under the contract. By paying the deposit late, you cured the default. If you think...
Archived
Time frame on commercial building sale
Marshall's answer
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Answered on May 03, 2015
There is no rule of thumb as to how long the sale of a commercial building will take. Usually, however, there is a period of due diligence...
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