What are the legal and tax implications of keeping joint tenancy after divorce?

Ownership - Joint tenancy is very clear, the deceased joint tenant's share disappears and the remaining joint tenants are the only owners (3 people...

How to protect separate property after Married

A quit claim alone is usually insufficient. If the pre-nup is not clear on the issue, you should clear it up with your family law attorney. ...

Can I default on my second mortgage and stay in my house?

In some cases the second loan can be non-recourse, but not all. First of all, they already have a lien, that is what the deed of trust actually is....

You are getting into one of the most expensive potential problems neighbors can have. Neighbors who do not like each other will often spend tens...

Must probate be opened in California on an estate valued at an estimated 350,000 in real assets and 200,000.in liquid assets?

Well, it sounds like you have more than $100,000 in assets therefore probate by declaration is not possible, so you will likely need to go "full...

What will happen to 2nd home if we foreclose on the 1st home? Both homes are in CA, both are financed with B of A.

You will likely be safe from a deficiency judgment and highly unlikely to have a lien placed on the other property. If the bank forecloses, then...

How do I evict my ex from the commuity house that is in short sale?

You may not be able to evict her at all. Your scenario did not say who received the home in the divorce. Since the home is in short sale there...

Can the bank come after the money still owed on the forclosure of a rental house?

You can check out CCP 726. In California, if a lender forecloses non-judicially (this is the normal type of foreclosure where you get about 4...

How do I get my name off of a mortgage loan I am on with my ex-husband?

He would need to re-finance the loan. Lenders do not want to reduce their ability to recover in the event of a default, so they almost never...

Do I need a real estate attorney? Buying house in REO Process:

You may be in a bad situation. Normally real estate transactions have Realtor forms to govern the terms and actions of the parties. These "normal"...