Lawyers, Answer Questions  & Get Points Log In
Pennsylvania Banking Questions & Answers
1 Answer | Asked in Banking, Collections and Contracts for Pennsylvania on
Q: Is it Legal, and Lawful to use a "Federal Reserve Note" in the place of a "United States Bank Note" and why?

Can any instrument be negotiated by two or more parties to be considered tender to pay off a debt between them, or do they have to follow that law, or code on what has to be used as the legal tender? thank you!

Peter N. Munsing
Peter N. Munsing answered on Sep 12, 2017

In a famous example a check was written on the back of a cow.

Basically you just say pay however many dollars it is. Dollars presumes the legal tender known as the dollar. Get all caught up in reserve notes and the like and you are in coin collector land (paper edition).

KISS rule...
Read more »

1 Answer | Asked in Banking and Real Estate Law for Pennsylvania on
Q: Please Help Me. I was added to a deed before my dad passed away. The Real Estate Lawyer Was Paid, But never recorded it.

Please I have a situation where i was put on the deed, but it was never recorded. My dad added me before he passed away. That was on march 12th 2004. My mother hired this lawyer after the death of my father. The Lawyer made up another deed for my mother, she paid him off. Where is the original... Read more »

Mark Scoblionko
Mark Scoblionko answered on Mar 20, 2017

Your question is not clear, but I will do my best with the facts as I understand them.

First, I gather that the property was in the names of your father and mother. At one point, your father, without your mother, tried to add your name to the deed. That deed was lost and never recorded....
Read more »

1 Answer | Asked in Real Estate Law, Banking and Estate Planning for Pennsylvania on
Q: we both are on the deed but only my critically ill husband is on the mtg loan.

At his death, with me on the deed, Will I automatically be the owner of the home and the loan given to me as well? We have been making consistent payments and I have while he has been ill. He could die at any time.

Mark Scoblionko
Mark Scoblionko answered on Mar 16, 2017

If you and your husband are both on the deed and own the property as tenants by the entireties, which, unless otherwise stated, is the way that you would own the property if you acquired it while you were married, the property would automatically pass to you upon his death. If that is the way you... Read more »

1 Answer | Asked in Consumer Law, Criminal Law, Divorce and Banking for Pennsylvania on
Q: Can a bank hold me responsible for my wife's action? She had an account alone and shorted the bank $900.00 can they take

Money out of my account to cover this money

Peter N. Munsing
Peter N. Munsing answered on Aug 22, 2016

No. Contrary to popular belief one spouse is not responsible for the debts of another unless they agree. If the bank did this get a written print out of transactions, then ask for a written statement of why they claim they can do it. File complaints with the state banking commission and the Federal... Read more »

1 Answer | Asked in Banking and Real Estate Law for Pennsylvania on
Q: Mortgage appraisal fees - due upon offer acceptance or once contingency issues are worked out?

Is the mortgage appraisal fee due when the seller accepts the buyer's offer, regardless of any contingencies? A recent offer made, with contingencies of a home inspection fell through because the buyer would not acknowledge damages that needed to be repaired to insure a safe operation of the... Read more »

Peter N. Munsing
Peter N. Munsing answered on Aug 17, 2016

Look at the contract. If the contract is silent then have your attorney write it in. But check your old contracts--should be covered.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.