Archived
Can I be served a notice to vacate and a forfeiture notice at the same time? And do I have 30 days to vacate?
John's answer
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Answered on February 27, 2013
Attorney Monahan is correct . You are not a tenant so the notice to vacate is meaningless. The LC seller can proceed with either a Forfeiture or...
Archived
Trying to short sale a house in Michigan. I am told by my real estate agent that the bank what's me to aid in the financing.
John's answer
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Answered on February 27, 2013
In trying to get a short sale approved, an agreement with the lender must be negotiated. This would include whether there will be a deficiency, ...
Archived
Can I pursue legal action if information regarding title problems was withheld from me when purchasing a house?
John's answer
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Answered on February 27, 2013
This involves many legal issues that need sound legal advise. There are fraud, negligence, misrepresentation, breach of contract , and...
Can we sue the person who walked away from the land contract we sold to him?
John's answer
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Answered on February 27, 2013
There are two remedies for Land Contract defaults. One is a quicker remedy and it is called a Forfeiture and you can get the property back but you...
Archived
I am going through a deed in lieu . It is a Fannie Mae owned mortgage
John's answer
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Answered on February 27, 2013
If you and the lender agree on a "DIL", an agreement setting forth the terms and conditions of the transaction should be drafted. Examples of...
Archived
My mom and I share a leased vehicle. She recently took it away --Legally since we are both on the lease-legally can she?
John's answer
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Answered on February 21, 2013
Good advise from my contemporaries. As a co-lessee you have an equal right to possess and operate the vehicle. Court is expensive but if you...
Can you refinance a commercial loan or mortgage to remove a guarantor who was removed as a member of the debtor company
John's answer
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Answered on February 21, 2013
If the original lender is willing to allow you to refinance without the former member as a guarantor , you certainly can refinance. However the...
Archived
Sellers disclosures. If its open to plain view sellers don,t have to disclose? What if you did not have inspection & missed it?
John's answer
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Answered on February 21, 2013
The Sellers Disclosure Act mandates that a seller disclose any known defects in the document known as the Sellers Disclosure Statement. This is...
Archived
How do I get a new deed done for a house?
John's answer
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Answered on February 21, 2013
You get a deed done for the house by contacting someone who is knowledgeable and licensed to draft legal documents, generally speaking, a lawyer....
What is the redemption period for a commercial business that is zoned agricultural in Michigan?
John's answer
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Answered on February 21, 2013
You have 12 months from the time of the foreclosure sale to redeem the property. During this period you retain the right to continue to occupy...
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