Archived
I recently bought a foreclosed home, a neighbor came to me afterwards saying he has a 5yr lease on my garage, what can i do?
Erica's answer
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Answered on May 14, 2011
In addition to Mr. Repay's answer, you should demand that the neighbor produce a copy of the lease.
This answer does not constitute legal advice...
Archived
What is the law regarding a short sale to a family member?
Erica's answer
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Answered on May 14, 2011
The issue will be whether you are paying the fair market value of the property and whether the homeowner will benefit from the short sale.
If...
Archived
If one spouse is renting an apt as a 2nd home and dies, does the other inherit the lease obligations?
Erica's answer
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Answered on May 14, 2011
If the living spouse did not sign the lease, there is no obligation to which the landlord can hold the spouse.
This answer does not constitute...
Archived
Can an offer to purchase real estate be withdrawn for any reason at any time before accetance despite the stated time limit.
Erica's answer
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Answered on May 07, 2011
Yes. In order for there to be a contract, the offer has to be accepted. If it is not yet accepted and no consideration was given, the offer can...
Archived
My wife owns an LLC. She's purchasing a condo in SC for rental purposes. Am I responsible for a loan if my name is not on
Erica's answer
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Answered on May 01, 2011
You can only be responsible for a loan if you sign it.
Family Law dictates you and your wife's respective rights to each other's property in...
Archived
My nephew, who is an alcoholic, has sold 3 acres (clear) while intoxicated. Is this a legal contract, and, can it be voided?
Erica's answer
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Answered on May 01, 2011
A contract requires a "meeting of the minds", which was probably not possible in your nephew's intoxicated state.
Agreed that you need a real...
I am trying to give deed in lieu of foreclosure on a condo. The condo assoc. is taking me to court. What can they do to me?
Erica's answer
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Answered on April 16, 2011
A deed in lieu of foreclosure is only a workable solution, if there are no subordinate liens that the lender needs to foreclose out. So, for...
Archived
Real property was deeded to three siblings 10 yrs. ago. Is it possible to to sell if one is not willing?
Erica's answer
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Answered on April 02, 2011
You would have to bring an action for "partition". The Court will then decide if the property should be sold outright or to S3. Litigation is...
Archived
In a land/lease contract Owner filed a chapt 7 what are my rights as a buyer
Erica's answer
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Answered on March 25, 2011
A chapter 7 Debtor has the right to assume or reject an "executory" contract. An executory contract is one where there remains performance on...
Archived
We live with my Mom,she has a fairly high morgage,how do we keep the house after her death? should i be on the mortgage w/her?
Erica's answer
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Answered on March 20, 2011
Look at the mortgage. Most likely it has language that says that heirs and successors are not relieved of the responsibility of paying the...
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