Archived
I would like to know if there is a pending lawsuit against Wells Fargo in reference to mortgage interest on real estate loans.
Kevin's answer
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Answered on April 24, 2009
Based on a 6%, 30 year loan with a principal of $54000, your monthly paymetn would be approximately $324 a month (before any escrows or PMI) and...
Archived
What are the advantages or disadvantages of forming an LLC in a state other than the one I am operating in?
Kevin's answer
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Answered on April 23, 2009
No matter where you incorporate, you will be required to qualify in each state in which you operate. If the LLC is operating in the state of...
Archived
What could happen if I sale a leased equipment before repo I am going to have the balance hanging over me regardless.
Kevin's answer
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Answered on April 23, 2009
You should consult an attorney before undertaking any sale in these circumstances. The seller is apparently claiming a security interest in the...
Archived
Can a family Member who is 1/2 owner of a house get a equity loan on her 1/2 of the house?
Kevin's answer
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Answered on April 19, 2009
I inadvertently send before completing the answer.
The online website is below.
It may also be possible for one party to get an unsecured...
Archived
Can a family Member who is 1/2 owner of a house get a equity loan on her 1/2 of the house?
Kevin's answer
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Answered on April 19, 2009
The technical answer is probably yes. However, as a practical matter, in no. If legal title to the house has changed of record (that is the...
May I change the name on my commerical storefront lease from my personal name to my incorporated name?
Kevin's answer
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Answered on March 15, 2009
What you are asking is not just a name change, you are asking to change legal tenants. As previously answered, it is highly unlikely that you may...
Archived
Do I need a lawyer?
Kevin's answer
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Answered on March 15, 2009
Let me first make clear that I do not practice in the criminal law area.
A criminal conviction may significantly impact your son's career...
Archived
I work for myself and my company is incorporated. A client has threatened to put a lien on my house. Can he do this?
Kevin's answer
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Answered on March 02, 2009
Technically anyone can put a lien on your home at any time. That does not mean that they have a valid enforceable lien or that you are without...
Archived
My seller has defaulted on our home purchase loan, what do I do?
Kevin's answer
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Answered on March 02, 2009
You definitely need to consult with an attorney. Just because the loan is in default does not mean that the Seller cannot close. The sales...
Archived
I have a lot in Florida that I am considering defaulting on a note, not a mortgage. What are the consequences?
Kevin's answer
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Answered on March 02, 2009
As suggested above, the facts you relate seem to be in error. But indebtedness in a purchase is generally represented by a note, secured when land...
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