Archived
My business partner and I are being sued by a company that we had a licensing agreement with and broke.
Shaun's answer
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Answered on August 13, 2012
I agree with the previous responses. If they will agree to go to mediation it gives you the best chance to end the dispute and stop the costs of...
Archived
A friend has offered to pay off my 400k mortgage...will there be problems or major issues?
Please advise thanks
Shaun's answer
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Answered on August 13, 2012
You have good friends. Is this a gift or is there expectation that you will have to repay the money? This should be documented in such a way that...
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We had 3 lots titled joint tenancy (JT) in 1 deed. Then my partener quit claim 1 lot to me. Are the other 2 lots in JT?
Shaun's answer
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Answered on August 12, 2012
The remaining 2 lots remain in joint tenancy. The number of deeds is irrelevant.
Archived
URGENT PLEASE REGARDING BUSINESS SOLD BACK IN 2003 WHICH WE NO LONGER HAVE DUE TO CHAPTER 7
Shaun's answer
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Answered on August 10, 2012
I agree with the previous answer. The loan being modified would have recording priority if it was originated before the business purchase loan. ...
Archived
What type of contract will I need to get for Someone investing money in my business?
Shaun's answer
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Answered on August 10, 2012
The threshold question is whether the "investor" is going to be an equity owner or a lender. The kind of documentation you need depends on a...
Archived
How do I respond to a "Complaint for Mortgage Foreclosure" document served upon me that I have a lien against the property?
Shaun's answer
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Answered on August 09, 2012
It sounds as if you have been listed as a defendant in a lawsuit for judicial foreclosure. You have been named because your judgment lien has...
Archived
When filing a Mechanics Lien what should the amount of money be?
Shaun's answer
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Answered on August 09, 2012
The lien should be for the amount you are owed to date. In addition, you could claim the profit that you would earn on the work that has not been...
Archived
My commercial lease is being assigned; besides the underlying term, will I still be liable if the new person does the extension?
Shaun's answer
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Answered on August 08, 2012
You should have a real estate attorney review the lease. I have been seeing commercial leases lately that state that the options are "personal" to...
Archived
In California Real Estate, can you make the buyer on your house sign a no cooling off period for which we get deposit?
Shaun's answer
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Answered on August 07, 2012
If you accept an offer with no Buyer contingencies (ie. loan, appraisal, property condition etc.) there is no "cooling off period". Since the...
Selected as the best answer
Archived
I have lived in house (in California) for 20 years. Do I have to let family live with me with no warning ahead of time.
Shaun's answer
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Answered on August 07, 2012
Do you have a copy of the trust documents? Who is the acting Trustee of the trust? Are you paying "rent" to the trust? If there is a...
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