Archived
A buyer has offered to take over the mortgage and add cash to purchase
some rental property we have.
Jonathan's answer
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Answered on April 24, 2009
You need a real estate lawyer. Your question does not make it clear who is tranferring what to whom. All institutional (bank) mortgages today have...
Archived
Can a bank declare my mortgage insurance inadequate and would still be grounds for declaring original mortgage invalid?
Jonathan's answer
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Answered on April 23, 2009
The insurance issue does not make your mortgage invalid. The current holder of the note and mortgage should have given you written notice that...
When buying a house with my daughter and son in law. Can they still qualify for homestead excemption?
Jonathan's answer
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Answered on April 23, 2009
Yes, but if you are in joint ownership with them but don't live there, the real estate homestead tax exemption will be reduced by your percentage...
In the state of Florida, does a married person buying a house or condo have to add their spouse to the deed and/or mortgage/note
Jonathan's answer
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Answered on April 22, 2009
Deed no, mortgage yes. Florida has a "homestead" law (actually, 3 types of homestead). You don't have to put her on the deed, but even if you...
Archived
My sister wants to transfer ownership--title of her condo to me she owes nothing on it . Do I need an attorney for this?
Jonathan's answer
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Answered on April 22, 2009
No, not really, but there are a couple of things you should be aware of. First, if she is still going to live there, if she simply gives it to you...
Archived
I wantd to sell a mobile home in a Mobile Park in Florida
Jonathan's answer
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Answered on April 21, 2009
Is this a rental park or a resident-owned mobile home park? If it's a rental park then you will want to have the buyer sign a note and securty...
Archived
Does a heir to her mothers estate have the right to see all the documents pertaining to the sale of her home?
Jonathan's answer
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Answered on April 18, 2009
In almost every state beneficiaries have the right to demand an accounting of the estate assets, income and expenses from the estate admiistrator...
Archived
Does the executor of the estate have to charge interest on the sale of a home? The mortgage is between family members.
Jonathan's answer
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Answered on April 18, 2009
Generally, when a sale or exchange or property for more than $3,000 involves the issuance of a debt instrrument, the instrument should provide for...
Archived
If I receive money from the sale of real estate if my name is not on the deed, do I have to claim taxes on the funds.
Jonathan's answer
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Answered on April 18, 2009
The computation of gain or loss realized upon the sale of property acquired by an estate or beneficiary is madeunder special basis rules,...
Archived
How do I write ownership on deed?
Jonathan's answer
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Answered on April 18, 2009
Putting all of your names on the deed will reduce your daughter's homestead exemption if you are not living there, and will not prevent your...
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