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This home is in Tennessee. Sellers have turned off power 5 days before closing. Our contract states that home is to be in same condition as the date of the bonding sales contract for the walk through. I assumed that meant utilities.
answered on Sep 15, 2019
That would depend upon how the contract reads, but common sense would tell you that a purchaser should have required it as a condition of signed the contract.
He was awarded a life estate in the divorce, but a few years later he signed this to remove his name from the deed. But the life estate was not mentioned in this deed. Did he lose his interest in the property?
with them as the beneficiary. When we couldn't pay them back we deeded the house over to them for the market value. Does that "repay" the promissory note?
answered on Sep 9, 2019
This should suffice under what is referred to as the doctrine of merger, however, a close examination of the documents will confirm my opinion.
As a seller with cold feet can I use this to somehow to get out of the home purchase contract unscathed? Here is the relevant text:"New Loan Review. If Buyer is to pay all or part of the Purchase Price with a New Loan, this Contract is conditional upon Buyer determining, in Buyer’s sole... View More 
answered on Sep 3, 2019
From the language it doesn’t appear that you have a right to terminate the contract.
Can a lien be placed on my property because of his bad debt? He is not on the mortgage.
answered on Sep 3, 2019
If he has bad credit, that could effectively "infect" your ownership of the house, to a point where someone who has a judgment as against him, could effectively execute on the judgment and force the sale of the house. So think about this carefully first. Also, once he is added to the... View More
The seller continued to show house and got another offer. Ob Saturday was given notice that I had 48 hours to put 24000 additional deposit down. How do I get money if banks and brokers are closed always thought weekends didnt count in timeline only banking days did
answered on Jul 21, 2019
Your contract should dictate what your rates and your obligations are as it is transaction. Examine it closely.
The bank is saying the family has to keep paying the mortgage until the house is sold. She had cancer and there is no life insurance or money left in her account. They are also saying we are responsible for selling the house
answered on Jul 21, 2019
The “family” is not personally obligated to pay the Mortgage, unless the “family” executed the Note.
I made an offer on my first home last month. Everything from that moment with my lender has been a mess. No communication, inaccurate information, snide comments, 3 weeks for a VA appraisal, etc. I've told my realtor that I can't be comfortable with this lender anymore and want to cancel... View More
answered on Jul 20, 2019
You would need to closely and thoroughly examine the trend of your contract of sale in order to determine what the potential consequences may be as a result of your canceling the deal.
First I have no tennant's. Secondly I the owner occupy the apartment and have been for almost 30 years with no complaints. When my parents and aunt & uncle purchased the house the apartment was already there from the previous owner. When the previous owners purchased the house from the... View More
answered on Jul 16, 2019
In New York City, the Department of buildings records control over the New York City Department of Finance classifications.
In the event of my mother's half sisters passing, is the half sisters husband entitled to her half of the house?
answered on Jul 15, 2019
One would need to examine the specific language in the deed, coupled with your mother’s half sister is will to make that determination.
My husband & I signed a purchase agreement for a new house. The construction will begin now. During the closing which will happen in November, Is there a chance to get out of it just for me? What are the circumstances that I might face?
answered on Jul 13, 2019
Your contract should be thoroughly examined and the answers should be clearly contained therein.
First I have no tennant's. Secondly I the owner occupy the apartment and have been for almost 30 years with no complaints. When my parents and aunt & uncle purchased the house the apartment was already there from the previous owner. When the previous owners purchased the house from the... View More
answered on Jul 11, 2019
Because an apartment was there for a long period of time doesn’t make it legal necessarily.
With out in going into probate? If so how?
answered on Jul 5, 2019
Only if your mother so agrees to add both of you to the deed, and as joint tenants.
I was not able to get financing due to the fact that the house needed multiple repairs. I have a denial letter and am within the correct time frame. Who do I speak to to get EM back? The sellers agent or the title company?
answered on Jul 4, 2019
The language in the deed, as well as the terms of his will, will provide the answer.
If an attorney is not required to draft and file the deed, how do I go about doing it myself? Thank you.
answered on Jun 26, 2019
If you feel confident that you could execute on the task without the aid of an attorney, at least in New York, you would be free to do so.
answered on Jun 16, 2019
The purchaser could possibly elect to bring an action for specific performance so as to force you to sell the real estate to the purchaser. Alternatively, the purchaser could possibly ask for money to let you out of the deal, or lastly, the purchaser could ask for the deposit monies back and walk... View More
answered on Jun 15, 2019
Responding from a New York perspective, silence the notes tenants in common.
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