In an estate, how does a land contract for a house sold as individual but deeded to a revocable trust need to be probated?
Michael's answer
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Answered on May 10, 2012
Upon your mother's death, the property became part of the trust (assuming that everything was proper) subject to the land contract, which your...
Archived
Can my spouse changing previous bankruptcy chapters, from 13 to 7 effect a proposed property settlement.
Michael's answer
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Answered on May 04, 2012
Your spouse's bankruptcy will not affect your interest in the shared assets. The change to Chapter 7 might be a good thing for you in that your...
Archived
My mother wants to sell her home but her name is not on the deed my fathers is and he died in 1994 what does she need to do.
Michael's answer
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Answered on May 04, 2012
There are several questions that need to be answered before you can proceed in this matter. Did your father have a will? If so did he leave the...
Archived
What is a real estate lawyer likely to cost me?
Michael's answer
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Answered on May 03, 2012
A real estate attorney might charge between $125 and $250 an hour in most states; however, everything is negotiable and most real estate attorneys...
Archived
Do all parties who are purchasing a property need to be present during a closing?
Michael's answer
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Answered on May 03, 2012
There is a disconnect between your question and the facts presented. If, in fact, your husband did not sign the mortgage or a promissory note in...
Archived
I am purchasing a home for $180,000 (with a down payment of $50,000). The loan is for $130,000 (30 year conventional fixed rate
Michael's answer
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Answered on May 03, 2012
Unless you have a pre-payment penalty, you will only have to pay the principal balance plus accrued interest owed up to the date of sale. This...
Archived
Should I hire an attorney when buying bank-owned property?
Michael's answer
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Answered on May 02, 2012
The reason for hiring an attorney is to protect your interests with respect to the purchase. The lender might offer to pay closing costs to use...
Archived
Do I need a real estate attorney?
Michael's answer
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Answered on May 02, 2012
Since your ex-husband doesn't want to work with you, I would recommend that you contact an attorney to act as your agent with respect to the...
Archived
I live in Mississippi, can my landlord raise my water bill without notice?
Michael's answer
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Answered on May 01, 2012
If there is no reference to your bill amount in the lease and the landlord is merely passing the increase on to you, then yes, they can raise your...
Archived
Good Morning, We seem to be closing our FHA Refi very soon. Should I have a lawyer look over the HUD settlement statement before
Michael's answer
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Answered on April 23, 2012
$10K in closing costs seems steep especially now with interest rates at an all-time low. You do mention that some of this money is funding your...
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