Archived
When does a hard money loan become a security and must I file anything in CA making a loan to out of state investors?
Kurt's answer
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Answered on May 21, 2019
Maybe, If it is your own money and you do not do it often the disclosures are simple. If it is investors money being loaned to others secured by...
Archived
What happens if an escrow company wrote a double check to a Real Estate agent?
Kurt's answer
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Answered on May 08, 2019
If you have the funds you should pay them back. If you do not have the funds you should work out a payment plan. The could sue yes, but they take a...
Archived
If you put a asset, ie house, into a LLC from a family trust can you lose a exemption you received when you inherited the house
Kurt's answer
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Answered on May 06, 2019
You should consult with a good tax advisor before you do anything.
Should I own my CA 4-plex in an LLC with other "layers" or is there a better way to achieve a high level of asset protection?
Kurt's answer
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Answered on May 06, 2019
As the others have mentioned insurance is a great idea. I would run the numbers and see if the LLC makes sense for you. Keep in mind that insurance...
Archived
If I pay a $2,000 retainer's fee, what can I expect from my real estate lawyer aside from the conference call ($200 per 30mins)?
Kurt's answer
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Answered on May 01, 2019
You can expect that the lawyer will do what they promised to do. The California business and professions code requires lawyers contracts to usually...
What liability does a commercial loan broker have when they say they can get a specific interest rate in the future?
Kurt's answer
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Answered on April 16, 2019
You have some potential liability. I have sued several loan brokers on facts similar to this. For example where the loan broker says "take this...
Is a real estate agent allowed to help a homeowner draft a lease agreement for renters?
Kurt's answer
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Answered on April 09, 2019
The Realtor can use the "form" leases without a problem. If you need something that is not on the form I would see a real estate attorney. As Mr....
Can the Section 8 housing find out about settlement award if I don't tell them about it if so how?
Kurt's answer
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Answered on March 13, 2019
I think last I looked at the guidelines for section 8 you have a duty to disclose your income (fully and accurately). You should be honest with...
Archived
What is the best way to avoid paying a second mortgage that is in collections twelve years after losing a house in foreclosure?
Kurt's answer
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Answered on March 11, 2019
This would be well past the statute of limitations. A quick call or letter from a lawyer should get them to go away.
Can I represent my wife in a civil case?
Kurt's answer
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Answered on March 07, 2019
I am surprised the court has not addressed this issue. As the other said you cannot represent her, I hope you have been careful with what you have...
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