Archived
In California, if a Bank such as Chase own BOTH the FIRST and SECOND mortgage, can they collect on the SECOND after shortsale?
Kenny's answer
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Answered on July 20, 2010
First, you figure out if these are purchase money loan and if they are, they are non-recourse; chase only recourse is againt the property. It...
Archived
Does the 21-day mandate on security deposit refunds apply between roommates and an ex-roommate?
Kenny's answer
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Answered on July 20, 2010
First of all, the right to receive an accounting for the security deposit is described in the statute. The landlord is not required to account for...
Archived
Can I charge tenant for dirty carpet, but buy new carpet instead of cleaning?
Kenny's answer
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Answered on July 19, 2010
Security deposit is the tenant's money, not yours. However, you may rightfully deduct only the amount necessary to compensate you for any unpaid...
Archived
What California property/ Rental law requires that all adult residents sign rental lease?
Kenny's answer
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Answered on July 19, 2010
I can't think of any law that requires all adult residents to be signatories to the lease. It's not uncommon for one member of a household to sign...
Archived
California real esate ownership disputes
Kenny's answer
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Answered on July 19, 2010
I don't see the direct link. There are exceptions (exclusions) to the requirement to pay documentary transfer tax. These exclusions are allowed by...
Archived
Question about a residential lease- 30 day notice of termination from tenant-Landlord wants to charge a re-lease fee.
Kenny's answer
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Answered on July 19, 2010
Standing alone your provision on re-rent fee of $150 is acceptable to me. I don't think it violates any statutes and therefore it is not against...
Archived
3 day notice to pay rent
Kenny's answer
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Answered on July 19, 2010
I believe the answer would be no.
Archived
I have an investment property in sacramento that i will be foreclosing. Will I be responsible for any fees from the bank.
Kenny's answer
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Answered on July 19, 2010
If the property has only a single mortgage and the lender makes a full credit bid at the trustee's sale and becomes the new owner, they may not be...
Archived
If I sign a "cash for keys" surrender of possession in lieu of eviction agreement, do I waive the right to sue in the future?
Kenny's answer
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Answered on July 19, 2010
What are you planning to sue the lender for? Signing a "cash for keys" in exchange of possession means you agree to give up possession of the...
Archived
Damages allowed though a lawsuit
Kenny's answer
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Answered on July 19, 2010
The answer depends on whether there was a specific contract made by them to pay you a sum certain for the investment. Was it a loan to the the...
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