I live in New Jersey and I'm buying a house cash in Virginia. We are not using a buyer's agent. We were told we needed to have a real estate lawyer or a title company when the paperwork was signed. I'm trying to find out if the title company needs to be in Virginia or if I can use... Read more »
I agree with my colleagues' answers above. I assume (since it is a cash transaction) that you most likely are or purchased it for investment which you may want to flip or receive passive income. And if you purchased a distressed property, a lawyer can also counsel on the best route and proper...Read more »
I am renting to a person using a housing voucher in the state of Virginia'. We are asking &1750.00/mo. The program will only pay $1573 and the tenant has agreed to pay the remainder of $177.00. The issue is, the housing authority cannot know that the rent is higher than the monthly... Read more »
I think you know what you should do and do not need someone to tell you. As a general rule is that if you feel uncomfortable to do something then do not do it. Alternatively, call a lawyer near you who will explain how this works.
There is no operating agreement on file. However, there are official minutes and a general operational procedure over the years. The person acting as agent wants to take over the LLC and run it for the agents benefit. How can we enforce the original [purpose and remove the agent?
Generally speaking yes, but it also depends on the relationship of the ownership. There are other methods by which owners of real estate (those on deed) can sign to sell the house. Call a lawyer in your area to review the current deed and will explain.
An older man who was a friend has told me since our verbal barter Arrangement that he has had a fantasy of dating me. Due to my uncomfortability about the situation I have declined to finish our barter Arrangement and he's telling me that I owe him $360. Do I legally owe him anything for hours... Read more »
It sounds like you have an oral or maybe a written contract with this person. And after you started, he revealed his fantasy to you which made you uncomfortable to finish whatever is was you were going to. Now, he wants his money or remainder of his money. You may have some defense to...Read more »
I want to refinance my house with a better interest rate but I am in my 70's and I want to leave the house for my children What should I do? I don't think they will qualify for a loan themselves, but if I do refinance they will definitely be able to keep paying the mortgage. What would if... Read more »
Your question involves mortgage, real estate (deeds), and wills issues. You can certainly do any of the things you want, but to achieve your twin goals of leaving the house to your children and them being able to keep it by paying the mortgage may be achieved after you speak with a lawyer and...Read more »
at 196,000 and the bank countered today at 207,000 which we sent back a counter of 200,000. They just sent back a response of we now have multiple offers..send your best offer. This property has been sitting on the market for a good while (I doubt there are other offers but) can we ;still accept... Read more »
I grew up in the home in question and per our separation agreement I got sole rights to this property once divorce was final now 2 years later, I have since remodeled and out grew my home so do I need to consult with my ex husband to sell or is my signed document that’s notarized enough to sell... Read more »
First, your question assumes that the home was in both of your names. If so, usually the Property Settlement Agreement (PSA) will say that one spouse to convey title to the other. If that has not happened, then your ex husband may still be on the deed and he may be needed to sign documents. So, I...Read more »
It depends on what your non-compete says. Non-compete, also knowns as restrictive covenants, prevents employees from stealing employer secrets and customer after their employment ends. It can also prohibit employee from contacting employer's customers, prohibiting you from working for someone...Read more »
I agreed to a settlement, but unfortunately I don't think I can pay. There are no penalties besides continuing to trial and a clause that says "In the event any litigation arises out of this Agreement, the prevailing party shall be entitled to its reasonable expenses incurred to enforce... Read more »
Contract governs the agreement. So, if you default or breach, go to court and lose, most likely you will pay the additional cost associated with the matter. You should look at the clause(s) where it might say how to get out of it if you cannot pay or show this document to an attorney to help you...Read more »
her three roomates have paid their rent each month but now the apartment is empty (3 roomates also left -entire town is deserted). I have recently read about the 'force majeure'. With all the death going on everywhere and in that town as well, is this such an event? The students are... Read more »
I agree with Mr. Maloof's answer so please take a look at the lease agreement to learn how force majeure is defined. Additionally, see if you can find a language something about laws or extraordinary laws preventing one from performing contract. In this case, it was the Government of Virginia...Read more »
My fiance and I have agreed to purchase a home in an unmarried status. My credit score was low so we decided to have the loan in his name. The home won't be available until June. How can I secure myself in the event of a breakup? We both put money in on the deposit. If he... Read more »
I assume have have not closed on the house. If so, then part of preparing closing documents is a deed which is basically a title, a document showing ownership to the property. Make sure your name goes on this deed. A lawyer will be drafting this deed to transfer ownership from seller to purchaser....Read more »
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