Archived
Can someone move out of a house he co-owns and buy another residence nearby and call it his primary for the new mortgage?
Michael's answer
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Answered on January 30, 2013
I agree with my colleague - your ex needs a new mortgage broker. A home in which your ex does not reside cannot be his "primary residence".
Archived
Mortgage Assignment
Michael's answer
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Answered on January 30, 2013
It depends. If the mortgage lender was a member of MERS, then the assignment may have been handled internally within MERS and not recorded in the...
Archived
If i pull out of a texas real estate contract after the option period, but before closing, do I lose only my earnest or can i
Michael's answer
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Answered on January 30, 2013
I agree with Mr. Bonica - it depends on what the contract says.
Archived
A HOME THAT IS WILLED TO BOTH THE EXECUTOR AND SIBLING...IS THAT SIBLING RESIDING IN HOME OBLIGATED TO PAY RENT??
Michael's answer
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Answered on January 30, 2013
As a general rule, you and your brothers would be co-tenants (tenants in common).
Tenants in common, as a general rule, do not have to pay rent...
Archived
If I am layed off just prior to signing mortgage refinance, is it fraudulent to sign?
Michael's answer
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Answered on January 30, 2013
Typically, you are required to either re-sign the application or an affidavit of no change at the closing. It is a violation of federal law to ...
Selected as the best answer
Archived
A home was will to me and my brother, can i sell the house with the estate deed ?
Michael's answer
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Answered on January 30, 2013
I agree with my colleague. You should be consulting with an estates attorney. Since your brother is an heir, he already has an equitable interest...
Selected as the best answer
Archived
Judgment/Lien against former roommate on my property title in VA, can I get this removed?
Michael's answer
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Answered on January 30, 2013
As a general rule, no - you cannot have a lien removed that was put in place while the debtor was on title. You will either have to get him to pay...
Archived
Do I need to also have a will and living trust in CA where I now live in even though all my property is in SC?
Michael's answer
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Answered on January 30, 2013
No - where you reside does not require that your will be changed so long as it was validly witnessed and executed in the jurisdiction where it was...
Archived
Is this for a real estate lawyer?
Michael's answer
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Answered on January 30, 2013
The "statute of frauds" generally bars the enforcement of a contract fo the sale of real property. However, there are exceptions to the general...
Archived
How does a lien against a property impact doing a short sale?
Michael's answer
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Answered on January 28, 2013
The second mortgage lien is a "cloud on title" that could hold up a short sale.
Here is an article on the...
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