Archived
I want to stay in my home but this escrow shortage every year is stressful and unafforable last year 500 more mthtly now 600.
Michael's answer
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Answered on January 27, 2015
If you believe your mortgage escrow account is incorrect, you may request an accounting of your account from the lender to its servicer.
Archived
Can my escrow be short 7,500 and last year about 5,000 and my property tax and ins. Hasn't went up much?
Michael's answer
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Answered on January 27, 2015
You may request an accounting of your escrow account from the mortgage lender or its servicer.
Archived
Mom died. Co-owned house w/father. Mom owes credit cards only in her name. Can credit cards come after dad's house?
Michael's answer
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Answered on January 25, 2015
I agree with my colleague. It depends on how the deed reads. Typically, married couples own real property as tenants by the entireties. In that...
Archived
Why was I served civil action from Bank for home in foreclosure if I am not the borrower? I did not sign the note, ex did?
Michael's answer
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Answered on January 25, 2015
Technically, the note is not important in a foreclosure (other than as evidence of the loan). It is the mortgage, which is a lien on the property,...
Archived
Is it illegal for an instructor giving the Real Estate Course at Weichert Real Estate to hand out copies of his presentation?
Michael's answer
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Answered on January 25, 2015
I agree with my colleagues. The instructor is not obligated to give you his or her class notes or slides.
Archived
What is a Declaration of Covenants and Restrictions? Am I considered homeowner, grantee, heir and assigns?
Michael's answer
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Answered on January 25, 2015
I agree with Mr. Mack. If you are divorced, and your name is not on the deed, then you are not a "homeowner". It is unlikely that your ex has named...
Archived
What do I do? My home owners insurance dropped us after a lady came onto my fenced, back yard uninvited and was bit by my dog?
Michael's answer
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Answered on January 25, 2015
There is not much that you can do. As a general rule, the insurance company is free to contract - or not contract - with whomever they please. As...
Archived
Do I need to provide executed quit claim to show vesting removed from My ex wife and placed into my name
Michael's answer
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Answered on January 23, 2015
If you ex-spouse's name is on the deed, she would either have to sign off on the new mortgage or be removed from the deed (which would require that...
Archived
I am looking at purchasing a proper but the owner is deceased how do I go about purchasing this property?
Michael's answer
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Answered on January 23, 2015
If we are talking about residential real estate, then the property is likely owned by the decadent's spouse or by the estate of the decedent. You...
Can a memorialization document confirming an "oral" contractual agreement from 7 years ago cure the Statute of Frauds issue?
Michael's answer
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Answered on January 23, 2015
It is always wise to reduce your agreement to a writing. So, yes you should have an attorney prepare a contract for you.
It should be noted that...
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