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Divorced Spouse Sells Property and Commits Fraud

By Ilyce Glink| 2017-08-23T13:49:45-05:00 September 9th, 2007|

When you get divorced you may still own property with your ex-spouse, perhaps as tenants in common. If one of the partners sells the property without the permission of the other, that spouse is committing fraud. What are the options for the other spouse?

Refinancing Required By Divorce Settlement

By Ilyce Glink| 2007-09-08T00:00:00-05:00 September 8th, 2007|

This divorcee is unable to refinance her home to remove her ex-husband's name, and can't afford the house on her own. The only way to get a name off of a mortgage is by refinancing. If the woman can't afford her home after her divorce, selling it might be a better option than refinancing.

Real Estate Market Ripple Effect

By Ilyce Glink| 2007-09-07T00:00:00-05:00 September 7th, 2007|

It's entirely possible that the U.S. won't return to a seller's market until sometime next year or later. The only wrinkle is that next year is a presidential election year and often, the housing market will slow while citizens consider who is running for office and what effect that is likely to have on the national, and local, economies.

Name Change Will Not Affect Title

By Ilyce Glink| 2007-09-06T00:00:00-05:00 September 6th, 2007|

A homeowner has changed her name and would like the new name reflected on the title to her home. The name change will be confirmed at the time of sale and there is no need to change it on the title.

Home Buyer Loses Earnest Money When Closing Fails

By Ilyce Glink| 2007-09-05T00:00:00-05:00 September 5th, 2007|

When financing falls through for a mortgage, the seller wants to keep the buyer's earnest money. The buyer withdrew from the home buying contract but now the seller's attorney says the buyer can't get her earnest money back. Keeping the earnest money will compensate the seller for taking the property off the market while the financing was pending.

Banks Sells Mortgage

By Ilyce Glink| 2017-09-26T16:04:32-05:00 September 4th, 2007|

When your mortgage is sold, where do you send your payment? When mortgage loans are sold, there must be a company that purchases the rights to service the loan. The company that sold the mortgage is required by federal law to tell you who owns the servicing rights to your loan.

Tenant Wants To Break Lease

By Ilyce Glink| 2017-09-06T16:08:02-05:00 September 1st, 2007|

To be a successful landlord, you must have the temperament and financial wherewithal to handle the problems associated with renting property. Unfortunately in a slow real estate market, many homeowners are forced to rent their homes when they cannot sell. Make it a goal to sell your property as quickly as possible, but prepare yourself for becoming a landlord by reading books or consulting an attorney.

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