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Fixing Title Company Mistakes
Q: My father’s property was sold in California a couple of years ago. I was recently contacted by the title company that assisted my father in the sale. They told me that there was a “typo” on the number of …
Neighbor Law: Fence Matters Indicate Wrong Property Line
Q: We found out that the property line between my home and my neighbors’ home is different from what the builder said when he sold us our home. Our neighbor had a survey done to put up a fence. During …
Second Mortgage Holder Can Foreclose On Property
Q: My dad and my mom bought a house with a mortgage. My mom died, and my dad married my stepmom. They took out a second loan on the property, but then separated for awhile. During that period of time, …
Tax Implications Of Selling Rental Property
Q: My sister owns a rental property in California that had approximately $200,000 in equity. She owes $200,000 on the mortgage. This property is now valued only at about $250,000. She also has a mortgage on her primary residence nearby. …
Consolidated Tax Bill Can Cause Mistakes On Sale Of Property
Q: I have been caught up in a real estate nightmare. I purchased a single family home earlier this year. Last month I discovered that I was conveyed two lots instead of one. I talked to people at the tax …
1031 Exchanges For Real Estate Investment LLC
Q: Does doing a 1031 exchange inside an LLC come with any additional headaches? A: A 1031 exchange is term used to describe the sale and purchase of real estate that defers the payment of any federal income taxes. If …
Divorce May Not End Joint Tenancy Deed
Q: Here’s my question: Let’s say a husband and wife own a rental property with a joint tenancy and a right to survivorship deed. Later, they divorce without changing the deed, and 10 years later, one of them passes away. …
Partnership Agreement Can Resolve Real Estate Title Transfer Dispute
Q: I had a partnership with another guy for 30 years with a buy and sell agreement and with a right of first refusal. We owned a building with several stores. His wife received the rents and paid the bills. …
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 …
Walk Away or Stay? Strategic Default is a Personal Decision
I received yet another letter from a homeowner struggling to decide whether to do a strategic default, and leave the house he loves or to stay in a neighborhood that is now in a serious downward spiral. I’m printing the …
