Real Estate Attorney Can Sort Out Title
After paying back and current taxes on a property that was quit claimed to you, can you take full title to a property? The answer? It depends on how the quit claim deed was drafted and what its intent was.
When a builder won't make repairs, is it OK to hold back the last payment? Will the builder then be able to put a lien on the homeowner's new house? What recourse you might have with a builder depends on the contract.
Real Estate Transaction To Avoid Probate And Expenses
When a family member wants to bequest property to another family member you need to do estate planning. If the property owner has liens against her property, that is she owes money to creditors who want to be paid when the property is sold, then the new property owner may be liable for those debts…
Should I declare bankruptcy? I've got a ton of credit card debt and I'm worried that my creditors will put a lien against my house. I don't want to lose my house. What should I do?
How To Remove A Mortgage Lien From A Title
A homeowner paid off her home mortgage but doesn't know if a lien was removed from the title. Once the lender receives payment, it then needs to prepare a release deed or release of lien to clear the title to the property. Unfortunately, some lenders have become overwhelmed by the refinance boom and…
Reverse Mortgages And Lender Liability
If your neighbor has a reverse mortgage, can she and her mortgage lender be held responsible for criminal activity at the home? With a reverse mortgage or hecm, the mortgage lender pays the homeowner over time and the the lender is repaid when the home is sold. But even though the mortgage lender…
Most lenders will run a lien check from the IRS. Lenders require the lien to be paid off prior to lending you any money. The IRS has first dibs, even before a mortgage lender, to any proceeds available when you sell your home.
A Mechanics' Lien Haunts Homeowner
A mechanics' lien was placed on a homeowner many years ago. Even though he does not own the property any more, this lien continues to reappear in other real estate transactions. Sam suggest going to the courthouse in the county in which the original court case was filed and, perhaps, if they have a…
Credit Report Contains Liens, Bankruptcies And More
What can you find in your credit report? A credit report lists both good and bad credit items such as credit cards, liens and bankruptcies. Learn what bad credit items are and how to fix them on your credit report. If you don't understand something on your credit report an accountant may be able to…
Don't Sign Anything You Don't Understand
A daughter is worried she signed onto her mother's mortgage loan when she refinanced several years ago. Not being sure what she signed, it's possible she became a co-borrower on the mortgage loan. Not knowing if she has a mortgage loan on her credit report is a good example of why you should never…
Keeping Your Home Out Of Foreclosure
Although it may seem that lenders are quick to foreclose on a home, mortgage experts say foreclosure is an expensive, time-consuming process for lenders. If you are in danger of not making a payment to your lender, or if you are struggling to pay all of your bills, there are some ways you can avoid…
Co-Signing Mortgage Loan Means You're Responsible
What should you do if a friend wants you to co-sign a loan? Is there a way to co-sign a mortgage loan and not be financially responsible if your friend can't make the mortgage payments? There's no way for you to co-sign a loan for your friend and not be fully responsible if the debt goes bad.
Title Insurance May Protect Lender And Buyer
When you're buying a home your lender will likely ask you to buy title insurance. Title insurance covers the cost of a title search to make sure you have a clear title. Title insurance protects the lender in case it's later discovered that there's a problem with the title. When you're buying a home…
