If a rental SFR is quit claimed, and eventually sold, who is responsible for the depreciation recapture?
Janet's answer
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Answered on July 15, 2014
This is an accounting and tax question but the answer is a Quit Claim IS A SALE (a disposition); each owner has their own numbers during the time...
Archived
If my ex girlfriend is the only one on title for a home I purchased due to my credit and never put me on like she said?
Janet's answer
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Answered on July 14, 2014
Well the litigators will say "sue her for Quiet Title Action, But since I put together transactions for a living my advice is: make a deal with...
What effect does a UCC-1 Financing Statement
have on california real estate property?
Janet's answer
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Answered on July 14, 2014
No effect. A UCC-1 financing statement if for the purpose of perfecting an interest in PERSONAL PROPERTY, not real property. Any corrections in...
Archived
Can I get a HOA lien released on my property that's from my wife, and her sister? I had nothing to do with, I hold title alone.
Janet's answer
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Answered on July 14, 2014
Your fact pattern is very convoluted and hard to follow. Maybe this is correct Wife and sister owned a property and didn't pay HOA fees, HOA got...
Archived
Is it legal for a lender to charge 10% late fees on a Mortgage and pass due Arrears?
Janet's answer
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Answered on July 14, 2014
Sounds like a private lender, and as long as you agreed to it in the Note it is ok. If the late fee was in the Note already, then a late fee of...
Archived
What are my rights when it comes to a house that my boyfriend and I bought together and now we are splitting up?
Janet's answer
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Answered on July 14, 2014
My colleague Amir is correct; either you sell and split, or you buy him out, or you refi. Buying him out requires that you determine what it would...
Archived
What's best route to transfer home ownership between siblings?
Janet's answer
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Answered on July 13, 2014
If all sibs own equal shares and all are in agreement to sell their share to one then that is great. The mechanics are all that's left: agreeing on...
Archived
My partners are I are breaking up our company and they want to sue me - can I transfer my car and apartment to my brother
Janet's answer
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Answered on July 13, 2014
Dear Irvine, since you already did it so your question should be, What are the ramifications? The simple answer is that assets transferred to avoid...
Archived
I recently sold a building I own and while it was in escrow...I had to stop the sale.
Janet's answer
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Answered on July 12, 2014
You first need to verify title to the property; the title company would have done that preliminary if you were in escrow and had a title company....
Archived
Legalities involved in starting a franchise of a company abroad
Janet's answer
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Answered on July 12, 2014
Dear NY, franchising in highly regulated in the united states and particularly in NY, there are significant legal hoops to go through in "offering"...
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