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Also can a Michigan broker close on that land contract transaction ?
answered on Sep 22, 2018
Yes, provided that it contains all the necessary elements required for a contract. At the same time, it could be like walking on landmines.
answered on Sep 9, 2018
Not personally, but if you do inherit the real estate you take subject to this mortgage.
There is 2 loans taken out on house the first one is the mortgage which just has my grandma on it the second loan has her name and my husband as cosigner
answered on Sep 9, 2018
Yes, because the grantees in the deed took subject to the cloud of the pre-existing mortgage.
The appraisal came back with a few repairs needed. Because our contract is AS IS the seller will not fix the repairs so we can’t get the loan. So are we in breach of contract if we withdrawal our contract?
I received a signed contract from buyer´s realtor, then I made changes in two clauses, initialized those changes and signed all contract´s pages. Buyer´s realtor did not accept those 2 changes and requested to go back to original conditions. Today I received better offers and informed buyer´s... View More 
To someone who decided to buy it. Are we obligated to pay the commission to the realtor?
answered on Sep 3, 2018
The answer will depend upon the terms of the Listing Agreement you have with your Broker. Read it carefully.
Have verbally agreed to a price to purchase raw land with lake frontage. To my knowledge there has never been any improvements or structures on the property and the land has been owned by the current owners for at least 50 years.
answered on Sep 2, 2018
You can keep your fingers crossed and hope that nothing is irregular or you can have a title search conducted and find out for yourself.
There is no will
answered on Aug 31, 2018
Only if the deed reads your name and your mothers name, as joint tenants with rights of survivorship.
answered on Aug 25, 2018
No, if they failed to pay the mortgage the house will eventually get foreclosed upon and therefore lost in the foreclosure. So if there is value in the house, it would behoove them to pay the mortgage.
Otherwise they will not turn on water to the property & they will not approve the sell to me? I have a clear title. Why would I pay for someone else’s delinquencies
answered on Aug 22, 2018
It appears that these are the terms that they are requiring. You have a choice, tell them “no” and don’t purchase this property and find something else.
I am wanting the property to be sold so I can get my name off of the mortgage loan.
answered on Aug 21, 2018
You no longer own the real estate, therefore you are incapable of initiating a partition action.
answered on Aug 11, 2018
Not if you know how to properly execute on the task without the aid of an attorney.
My mom currently has debt (I believe total is less than $20k) and only asset is the house (with a mortgage), when she passes away could it be forced sold to satisfy her debts. I'm her only child, my father has passed away. I know different states have different rules regarding this. I'm... View More
Mr X owns 281 broadway & 283 briadway(empty lot) free and clear ,clear title , Mr H wants to buy both free and clear , can it be done at one settlement
answered on Aug 11, 2018
If the purchaser wants to ensure that he will she will be purchasing both parcels, then he or she should most certainly close on both parcels simultaneously.
answered on Aug 5, 2018
Yes, by means of what is referred to as an action in partition.
They are refusing to pay us the daily mortgage and insurance it would cost us to live in our new home. Can we get out of the deal before we close? We can not afford to extend out interest rate. In order to prolong closing. They only want to pay for the taxes which is about 15 dollars a day.
answered on Jul 30, 2018
If you already signed the contract, then the terms contained in the contract will govern this issue. Read the contract carefully for the answer.
answered on Jul 29, 2018
Answering you from a New York perspective, yes you may, as to your undivided 20% interest.
My aunt has lived in her home for 50+ years. She was the caregiver for her mom who passed away a few years ago. She wants to sell the property, but the title deed is still in her parent's name.
answered on Jul 27, 2018
Your aunt does not need a lawyer to represent her, provided that she can competently and adequately represent herself. I would not count on it however.
I am selling a house that is in trust and I am the successor trustee. *I can't attend the closing* so I will be signing documents at my attorney's office a couple of days ahead of closing. It's my understanding that because this is a trust, signed, original documents are needed so I... View More
answered on Jul 21, 2018
Then just attend the closing and dispense with this issue. On another note, did the attorney who created the trust advise you of the fact that as a fiduciary you would likely need to personally attend the closing?
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