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Will I be responsible for any deficiency after my property is sold by BOA.I live in Florida but the property is in NJ?
Michael's answer
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Answered on March 23, 2013
Unless you get some sort of settlement or release of claims, the bank has the right to go after you or send you a 1099 for the deficiency or write...
Archived
Authorization of the release of escrow funds. Being all seller do I need to sign a release for my sibling to be absolved.
Michael's answer
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Answered on March 23, 2013
As a co-owner, you do not have to sign a release of claims to get funds from a real estate transaction.
They are using the money as...
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Archived
A release of escrow funds if both parties are on a release if one party demanding the release wants to be held harmless .
Michael's answer
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Answered on March 23, 2013
As a co-owner, you do not have to sign a release of claims to get funds from a real estate transaction.
They are using the money as leverage.
Archived
I had a kitchen built for me by a Design company. 4 years later, it is not completed. The owner changed the company name.
Michael's answer
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Answered on March 23, 2013
You may have an action for consumer fraud against the contractor. Under the consumer fraud act, individual members of a business can be sued...
Archived
Hi. I am a Canadian citizen who is looking to purchase commercial real estate in the United States. There was one property that
Michael's answer
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Answered on March 23, 2013
I agree with Mr. Daudt. You need to review the deed of trust and other documents related to the loan. It is likely that a change in ownership...
Archived
Motion by lender to lift automatic stay (chapter 7) on foreclosure with already "scheduled" auction date.
Michael's answer
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Answered on March 23, 2013
A bankruptcy does not affect a secured debt such as a mortgage. Thus, it is common for a mortgage lender to file to lift the automatic stay. All...
Archived
Do I need an attorney? I am the buyer of a short sale. Sq. ft was overstated by 1000 sq.ft. My agent is a friend of the seller.
Michael's answer
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Answered on March 23, 2013
Yes - you will need an attorney.
If you have a contract, you may not have the right to simply "walk" away from the transaction. I would assert...
Archived
Sold a house 2 1/2 years ago on short sale! Buyer now states the pipes burst after he bought it. who's liable?
Michael's answer
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Answered on March 23, 2013
I handle these types of cases pretty frequently.
My first questions would be:
(1) What does the contract say about home inspections and "as...
Is the collapsing of a wall that belongs to the neighbor an issue when buying a home?
Michael's answer
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Answered on March 23, 2013
Yes, a collapsing retaining wall is an issue when buying a home.
The wall, if it collapses, may damage the home and cause drainage issues...
Archived
If three people own a home (they are all on the title) and one of them dies does the home automatically go to the remaining two
Michael's answer
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Answered on March 22, 2013
It would depend on how the deed reads. If you were joint tenants with rights of survivorship, then the remaining two owners now each own 1/2 the...
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