Archived
Closing had been delayed twice, paying two mortgages. As the sellers what are our options at this point?
Brook's answer
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Answered on October 14, 2014
If the Buyers have removed all of their contingencies (or if they have expired under their stated terms), and if the closing date stated in the...
How binding is a land contract when the seller dies?
Brook's answer
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Answered on October 12, 2014
The only grounds upon which the seller's children could contest the land contract sale would be based on a claim that their mother was incompetent...
Archived
Redemption period is up, house is vacated, what now? Does the bank now come after us for the deficiency?
Brook's answer
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Answered on October 06, 2014
If the bank bid the full amount owed on the mortgage, there is no deficiency - unless you also had a second mortgage or home equity loan in...
Archived
What is a quick sale on your house?
Brook's answer
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Answered on October 06, 2014
I think you are referring to a "short" sale. This refers to a situation in which the borrower proves to the bank that borrower does not have...
Archived
House is up for auction end of month. Mortgage co is willing to modify loan however my ex gf will not sign off of deed. Ideas?
Brook's answer
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Answered on October 06, 2014
I have two ideas and neither is a sure thing. (1) Offer your ex-GF money to release her interest in the home (assuming that she is actually in the...
Archived
Buying a condo- presenting an offer, document fees
Brook's answer
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Answered on October 03, 2014
Your question does not indicate who is proposing to charge the "document fees" and in what paper these fees are disclosed. If it is in the Buyer...
Archived
In a member managed LLC if out of 7 members one resigns and another one dissents to continue business. Will LLC stand dissolved?
Brook's answer
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Answered on October 03, 2014
A careful review of your operating agreement and the surrounding facts are necessary to answer the question. If getting a correct answer is...
What is the Statute of Limitations as to a quit claim deed in the state of Michigan?
Brook's answer
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Answered on October 03, 2014
I concur with Mr. Darish. If you have an attorney, discuss this question with your counsel. If you do not have an attorney, hire one right away.
Archived
Are both spouses signatures required in order to sell real estate property accumulated in a marriage?
Brook's answer
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Answered on October 02, 2014
Both spouses' signatures are required. The sale cannot occur without your participation. Before making any agreement about splitting the proceeds,...
Archived
Seller has not answered to price I offered for FHA purchase. Raised price even higher.What happens to my $1000 EMD that I paid?
Brook's answer
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Answered on October 02, 2014
Tell your real estate agent that you want to withdraw your offer and have your EMD returned to you. Make the request in a letter or email. This is...
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