lawyer
Terminating Purchase Contract For Home
Once signed, it may not be easy to terminate a contract for a home. Q: My friend and I are in the final stages of buying a house. The property is going to be in her name only but some …
FSBO: Investment Property and Seller Financing
Q: I wish to sell an investment house I own personally. Do I need a license? I live in Washington DC. Also, can I give the buyer financing (it would be seller-financing) to buy the home. Would I need a …
How Does Probate Work Without A Will?
Q: What happens, if a person passes away and no one files probate because the estate has no assets? Do any of the deceased relatives become liable for taxes owed by the person that died? Would the relatives have to …
Who Is Responsible For Mortgage On Inherited Condo?
Q: I inherited a condominium in Naples, Florida from my parents. The property has a mortgage of $200,000 and is worth about half that much. My parents owned it with my uncle and his wife, who are still alive, so …
Estate Planning: Dividing Assets Between Adult Siblings
Q: My parents died and had a will in place. I would like to know what option we have to sell the assets of my parents’ estate and dividing the money among the siblings. They died over two years ago, …
When Is Probate Not Necessary
Q: My father passed away a year and a half ago with few assets other than his home. I am executor of his will. He left me his house and all his personal effects but the will stipulated that his …
How To Find And Buy Foreclosed Properties
If you’re looking to buy foreclosures or short sales, there are can’t miss opportunities out there, in every market. That’s what Mike Rose, an Atlanta-based loan officer with Wells Fargo, and I were discussing on my radio show recently. Rose …
When To Report A Lawyer To The Bar Association
Q: The lawyers my boss hired got together with a defense lawyer and started making “concessions” with each other on the cases they were working. To me, that is throwing the case for their own benefit and charging the clients …
Loan Modification Hell: A Borrower’s Loan Mod Can Be Denied If Financial Status Changes
Loan modification hell is evident when a borrower’s loan mod can be changed if financial status changes. When applying for a loan modification, bear a mind that a borrower’s loan mod can be denied if financial status changes. If you have moved out of state you may have to do a short sale on your property if your loan modification is not approved. Remember that a borrower’s loan mod can be denied if financial status changes.
Selling Your Home on an Installment Sale
Selling your home on an installment sale or a rent-to-own home sale. Homeowners sell home with installment sale by transferring home title to buyer or entering into an installment sale for deed for the home. Installment loan, owner financing and rent-to-own issues arise when homeowners sell home with installment sale. Consult with a tax expert when selling home with installment sale or installment loan.
