Archived
Reverse mortgage.Why would closing docs say they have option to change trustee. Real estate in revocable trust.
Timothy's answer
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Answered on July 27, 2014
It is difficult to address your concerns without reviewing the actual documents you are describing. I've found in my practice that there are some...
Archived
If someone is 2 months late on their mortgage, and then they sell the house - do they still owe the 2 months rent?
Timothy's answer
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Answered on July 25, 2014
The back payments would still be due, but would be reflected in the "payoff demand" the lender provides to escrow through the transaction. So the...
Archived
Can i settle a credit card debt thats closed account?
Timothy's answer
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Answered on July 23, 2014
Yes, these accounts can be settled or discharged in bankruptcy or possibly eliminated completely, but any of those options would require you to...
Archived
Is it normal for the selling lender to defend the buyer in the post-foreclosure law suit?
Timothy's answer
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Answered on July 23, 2014
As it has been discussed, the lender is not going to defend you unfortunately, however, as a third party bona fide purchaser, you have a very...
Archived
I negotiated a real estate deal through email and phone conversation. We came to an agreement. The buyer switches midstream.
Timothy's answer
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Answered on July 19, 2014
Based on the facts provided, it sounds like your recourse would be to sue for "specific performance" to attempt to get a Court to order the buyer...
Archived
Do I need a Real Estate lawyer or a Contract lawyer?
Timothy's answer
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Answered on July 19, 2014
The information you provided strongly indicates that the lease agreement will stay in effect notwithstanding the change in ownership, and you can...
Archived
Can the State Board of Equalization levy my bank acct for my husband's business's debt in a community property state?
Timothy's answer
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Answered on July 19, 2014
Unfortunately, it is probably lawful for them to levy your account. Typically, debt incurred by one spouse during marriage can be collected from...
Archived
I'm being sued for $130K for misappropriating funds several years ago. I no longer have records to prove to the contrary.
Timothy's answer
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Answered on July 19, 2014
The good news is that it is not your burden to prove you didn't misappropriate the money, it is the burden of the Plaintiff to demonstrate to the...
Archived
I plan to file Chapter 7 in CA. Is my car exempt?
Timothy's answer
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Answered on July 19, 2014
Your understanding is generally correct, so nice job breaking down a fairly complicated exemption scenario. The bigger question is should you be...
Archived
We are developing a commercial project in CA. As part of the entitlements the City is requiring a land dedication.
Timothy's answer
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Answered on July 18, 2014
I agree with the previous answer, you certainly need an attorney to advise you on the circumstances of the dedication before you make any...
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