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I'm unable to locate new housing. Also, addendum on contract for me to pay 4% of buyer's closing costs.
answered on Dec 12, 2024
Not being able to find new housing, unless that was a contingency in the offer you accepted, is not a reason to stop the sale.
A costly addendum YOU AGREED TO (did you agree?) also is not a reason to stop the sale.
What did your attorney say when reviewing the offer? What... View More
I inherited a house from my mom. She was unmarried and I am the only benificary of her estate. I have gone through probate and am the legal representative of her estate. I want to transfer the ownership of her house to my name. I have drafted a deed but am not sure what I should put as the purchase... View More
answered on Dec 6, 2024
Michigan has very specific rules about taxable values in inherited properties that are not something out of state lawyers (or most lay people!) will understand or know about.
Have a MICHIGAN attorney, preferably in the county where the property is located, draft the deed for you, and... View More
Hi, we bought a home in Troy, MI a few months ago. The seller and sellers agent listed the home as having 2,540 sq ft. After we bought it, we had some work done and the home only has 1,901 sq ft., that is 327 sq ft less than we were told. We paid $257.76 per sq ft x the 327 equals $84.287.56 for... View More
answered on Dec 5, 2024
First of all, given the facts you state, that is 639 square feet less than 'advertised'.
BUT even with that said, there are two things 'working against you'.
Did the sellers 'hide' that 'defect' from you in some way? No -- you had the... View More
The agreements were one for the farmland and one for the farmhouse back in 2012 and 2013. Both have given monetary consideration but no expiration date (grandfathers death triggered the option). Both options are for purchase prices far below market value. Also, the optionees on the land deal are... View More
answered on Nov 23, 2024
Without seeing the actual paperwork it is impossible to provide any real advice but
1) If there was 'consideration' given
2) if the agreement was in writing
3) if the other conditions have been met
and
4) if the other party (ies) are wanting to... View More
worth less than $15,000 to my sister that lives 400 miles away and avoid probate without losing control of them before I pass? Also need to know if I can do it for next to nothing somehow and if none of what I ask is doable, what would you suggest.
answered on Nov 16, 2024
Sure there are ways from ladybird deeds to naming beneficiaries and SOS affidavits, but without examining details anything offered here would be speculation and not good advice.
Plus, your house, car and bank account are in total worth less than $15k? Something seems off.
Bottom... View More
court?
answered on Nov 6, 2024
Your question is unclear.
The BANK is in default after a circuit court action of some kind? Who sued whom and for what?
Is the case pending, or has it been dismissed or a default judgment been issued? What does the default say about the status of the property?
There are... View More
answered on Oct 8, 2024
That isn't a question, but a will won't 'get you into an account' you still need letters of authority.
Where is the estate to be probated? Is there something more than just the one bank account and is it below 10-15k?
There may be other ways to proceed, but if... View More
Wife died 7 years ago. Has 3 surviving children.
answered on Sep 23, 2024
Was there a beneficiary named on the life insurance? If so you probably do not need probate, but the analysis is more complicated than that.
Please consult with a local licensed attorney to review ALL the facts of your case to insure there aren’t other issues. Starting probate... View More
answered on Sep 12, 2024
A promissory note is a promise to pay a specific amount of money in a given time usually with interest rate and payment schedule spelled out. It is usually secured by a mortgage or similar ‘security agreement’.
This has nothing to do with life leases which is a way to transfer a... View More
What would be their rights if they’ve been notified for many months? Their portion of the lease has been expired for 2 months now. They do not live in the home & the lease is only in my name. They are threatening to come get only the expensive items and not everything, since they still do not... View More
answered on Sep 3, 2024
What does your written agreement with your roommate say? Do you have ANYthing in writing?
Put it in writing or there is no way to answer this. I’d suggest even now you should — in writing — offer a specific time and place for them to pick up their things. If they are not removed... View More
The estate sale company has acknowledged that the clean up crew wrongly took the phone and sold it. Company says they want to make it right. It’s a for real vintage, red wall mounted rotary phone in pristine condition. It was mounted on the wall. (There’s a newer beige wall mounted phone in... View More
answered on Sep 13, 2024
I concur this isn’t a ‘crime’ so be careful how you approach this. A ‘crime’ requires intent and this — particularly with the response of the company trying to ‘make it right’ — shows there is no criminal intent, just a very unfortunate mistake. It is ‘negligence’ at best and... View More
I am 1 of 3 remainders on a ladybird deed in michigan. My grandmother ( the grantor ) passed away in 2016. I currently live in the house along with 1 of the other remainderman. My fiance and I are currently in the market for our own home. Once I move, I no longer want any type of responsibility to... View More
answered on Jun 10, 2024
You transfer your property interest to someone else, usually one or all of the other co-tenants since they are the ones who will get the most value from that. HOW you do that depends on what you would like to get out of the deal. The best response is to contact a local lawyer to discuss your... View More
Claim by my grandmother who has since passed. He’s is ill and I’m trying to figure out how I can sell the home without paying taxes on it since she paid $45000. 50 years ago but has since refinanced and owes $120000. The selling price would be between $300000 and $350000. Im located in Michigan... View More
answered on May 30, 2024
There will be an ‘offset’ for ant mortgage, but if you’re asking about the capital gains the answer is ‘welcome to the downside of quit claim deeds. You have acquired the basis for tax purposes of the original owner and will need to pay capital gains.
Absent some other facts you... View More
What rights do I have?
Thank you
answered on May 25, 2024
That depends on what sort of 'claim' you have.
Judgments are good for 10 years unless renewed, and there is the '40 year marketable title' act to deal with.
Your rights depend on a lot of things that aren't discernible from this question, and would require... View More
I own property with a 66ft easement by necessity. My neighbor keeps cutting the grass on the easement after I cut it. I like to maintain 4 inches and he keeps cutting it down to 2 to match his side of the easement. Is he allowed to cut the grass in the easement? He also blows all the grass... View More
answered on May 17, 2024
Is the easement ON your property or FOR your property?
Is the easement ON the neighbor’s property or FOR it?
From the wording I’m assuming you BOTH have a right to use and maintain the property in question.
It doesn’t really matter though because if the easement is... View More
I've put over 400K into property to develop it and build a huge pole barn, paid numerous mortgage payments as well as put another 10k cash on principle. Since i haven't been able to get on the property and having excuses time and time again I'm leaving but would like to know if i... View More
answered on May 14, 2024
In GENERAL a verbal contract is worth the paper it is written on.
In the case of real estate however, there is an actual rule called the "statute of frauds" that says 'if it isn't in writing it is not enforceable. So -- your assumption was it was 'joint'... View More
Can they legally dispose my belongings without giving me the opportunity to retrieve them just because they are mad about I don't know what?
answered on Apr 28, 2024
Well that depends. Are they ‘mad’ about the fact you didn’t pay your rent or that you’re storing contraband items there?
No they cannot terminate a lease or sell your stuff MERELY because they are ‘mad’ and it seems unlikely that is the reason. What’s the ‘rest of the... View More
When we purchased the home we had a wood destroying pest inspection and there were no known issues disclosed. They also did not disclose that this was not the owners primary residence and they had to evict someone to sell it. It was a POA who sold the home. We purchased the home 4/12/24 and had a... View More
answered on Apr 22, 2024
This is not an 'open and shut' case.
Bedbugs are not a 'structural' issue (the house is not compromised physically or functionally with that type of pest) -- it is more akin to a mouse getting into a house more than being like termites that are destroying the... View More
answered on Apr 19, 2024
Assuming they are dealing with an INDIVIDUAL, the standard usury law would apply.
What do the condo association documents say? Is that compliant with usury rules? Has anyone raised the issue with the condo board?
Condos are a rather strange animal especially when so many people... View More
The buyer is 4 months behind on payments and two years behind on taxes which is in the contract. The buyer has been always late on every payment since the land contract was signed. The owner has sent the proper letter to start eviction process. Another two weeks he could file court papers for... View More
answered on Apr 18, 2024
In MICHIGAN the buyer on a land contract has what is called 'Equitable Title'.
While that entails certain limitations, that means they *can* LEGALLY sell their interest, and ... here's the kicker ... if they can do so before you complete the forfeiture or foreclosure on the... View More
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