This is standard language in notes that favor the lender. It simply means that you do not have to provide notices of default, present the note, or...

What is our liability if a permanent guest is hurt in our rent house?

With premise liability, the answer is almost always "possibly." In your case, it would probably be a higher probability. Certainly, nothing is...

LLC purchase agreement

I agree with Mr. Erikson's answer. I would like to add to it, though. If the seller sold you all shares of the LLC (which are really either units...

My 6 siblings and I are being sued for my deceased brothers unpaid mortgage(Texas owner financed). Are we obligated to pay?

First, hire an attorney. Generally speaking, the bank still has the security interest (deed of trust, etc.) on the house to secure of the...

Purchased new home on 6/1/12. Leak was discovered on walk thru. Builder corrected. After close, discovered mold. Options?

Although you may certainly hire an attorney to handle this matter, I would caution you about actually going through the statutory legal process. It...

Shall I notify Sec of State or IRS about sale of my LLC?

The procedures will depend upon the nature of the sale. If it is a sale of all membership interest, then the new owner will file updated reports...

If I am the president and CEO and business has closed down and I resign as president The business has no cash what happens

It depends upon whether you have any creditors. Regardless, the state will continue to hound you on franchise tax reports. They'll even "guess" how...

I signed a contract with a property manager and want out.

First, it would depend upon the contract and what the property management company told you. If the contract stated that the manager would take...

My vacant house was mistaken for another, tools and other materials were carried away, a for sale sign was placed what can I do?

That's absolutely horrible. You should definitely contact an attorney at your earliest convenience.

How can I get the dee to my house when the people we bought it from are deceased. Cant`t find any informatio at the courthouse

It is probably worth it for you to hire an attorney. More information is needed, but even if we had the additional information, it would be...