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Mortgage removal: I got divorced 5 years ago. My ex wife agreed to pay me back the down payment and half of all payments made to date towards the house, in order for me to sign over the deed of the house.

She would normally refinance to release me from the mortgage, but at the moment she wouldn't qualify so I told her to take her time cause I wasn't in a rush.

Now, 5 years later, although she's made every payment on time, she still doesn't qualify to refinance the house and release me.

What are my legal option if I wanted to remove my self from the mortgage other than her refinancing the house? Are there any at all?

Asked over 2 years ago in Debt Agreements

Paul’s answer: Real world answer is your are still involved because the lender will not allow you to get out.

You might try to get your ex a hard money loan to refinance if she has enough equity.

Answered over 2 years ago.

Tax exemptions: Can I claim my sister on my income tax return! She is 30 years old and developmentally disabled (Downs Syndrome) She lives with me and I care for her 24-7. She does get disability income.

Asked over 2 years ago in Tax

Paul’s answer: You can claim her even though she gets aid. However you need to speak to a CPA and not attorneys regarding how this impacts your taxes.

Answered over 2 years ago.

We have an association of retired persons and need to know about filing taxes: We have an association of retired & active persons in the same profession who get together to do fishing trips and other activities. We collect dues and in order to open a bank account, the bank required us to have a tax id number. Since we have a tax id, do we have to file Federal taxes every year, even though we only collect approx six or eight thousand in dues which we spend on social activities

Asked over 2 years ago in Tax

Paul’s answer: See a CPA to answer this. Not attorneys.

Answered over 2 years ago.