Commercial property in ALABAMA was sold in 2017 with owner financing with 30% down and 7 years of monthly payments at 6%. The contract was recorded in court house as a lien. The buyer (LLC) with personal guarantee paid on time for 2 years and now filed for bankruptcy (both LLC and personal).... View More
answered on Nov 24, 2019
You can take the property back and sell it to someone else. You have no recourse against the bankrupt buyer unless the bankruptcy isn’t discharged.
I had my daughter put it in her name since she lived here. What would I need to do to put it in my name. Would I have to pay or would she have to pay taxes on it.
answered on Nov 22, 2019
You will need an Alabama attorney to draft a deed. the taxes are due and payable and you should pay them before Dec. 31. Whether they will accept a check from your daughter depends on the practice of the local revenue commissioner. You should call the number on your tax bill to explain the... View More
She signed a power of attorney to my sister before she died.
answered on Nov 21, 2019
You really need to speak with an experienced real estate and/or probate attorney who can help you through the process.
If your mother passed without leaving a Will, or "died intestate", her property will pass to her heirs at law. But if there has been no probate and no one... View More
After our divorce, my ex stayed in our jointly owned home for 2 years and then abandoned it about 6 months ago. He also stopped making payments then. Foreclosure is now the only way to get my name off of the loan. How long does that process take and does the home being abandoned change the usual... View More
answered on Nov 19, 2019
Hello, without reading your settlement agreement or decree, it is difficult to know how to answer. Normally there is language that protects the ex-spouse in your position so you can take him back to court for contempt e.g. non-payment of mortgage, etc. Foreclosure will not get your name off the... View More
Sold for 500k. He passed away and probate is still open . I know there is a 10yr limitation , however if I was home and wasnt advise about sale someone said I could file motion in probate for half of the sale price. Because a POA suppose to benefit the principle and since I was home I should have... View More
answered on Nov 18, 2019
It does sound like you need to take court action and quickly, but this is not something that you can handle on your own. You really need to seek out an experienced probate and real estate attorney to help you with this matter. It will help the attorney if you first visit the probate court and... View More
answered on Nov 7, 2019
That's going to depend on several more factors, including who is living and deceased, and what the language of the conveyance actually says. You need to take your deed to an experienced real estate attorney who can tell you what everyone's rights and obligations are according to the deed.
answered on Nov 5, 2019
How can you sell something that is not yours? Your question is much too vague for any real estate attorney to answer over the internet. A lawyer will need to examine the title to see what rights, interests, and responsibilities all parties have regarding the real property. I strongly recommend that... View More
answered on Nov 1, 2019
An attorney will need more facts from you to answer this question correctly. The short answer, though, is that if you sell to someone who needs a loan for the purchase, they will have to buy title insurance. And a title insurance underwriter will generally require at least a quitclaim from any... View More
My parents have paid the property tax on the land all this time. Someone else currently lives on the land. Does my uncle have a legit claim to adverse possession under Alabama law?
answered on Oct 30, 2019
The answer is that "it depends" on whether you can prove he resided there with permission. Also, there are some very specific rules regarding AP and how those rights can be asserted. You will need to speak to an attorney experienced with AP issues in order to understand everyone's... View More
I am in the midst of eviction proceedings on a commercial property. Prior to the finalization of the eviction process, the LL has re-leased the property and as part of the lease, given to the new lessor my merchandise (over $250,000 worth), and moved them into the store property. I am currently... View More
answered on Oct 30, 2019
The short answer is that it depends on what your lease allows and how much you owe the landlord. If this is going to lose you more money than allowed under the lease, then you should bring this immediately to the attention of the Court. I strongly recommend that you hire an attorney to represent... View More
My father built a house on and has occupied land owned by my grandfather in Alabama for the last 20+ years. A month ago the land was sold to another family member. What rights, if any, does my father have in this situation?
answered on Oct 24, 2019
Obviously he may have a claim to title by adverse possession, and that the recent deed was void for champerty. However you apparently know nothing about the title, which needs to be searched. The Father probably should have intervened in the sale, by quiet title action, etc. He needs a competent... View More
answered on Oct 11, 2019
There are too many unanswered questions in your fact pattern to give a definitive answer. It would be best if you can see a real estate or probate lawyer to ask your question, so that the lawyer can get all relevant facts from you before giving you an opinion. There is no simple answer from what... View More
The tax deed was held for 20 years. Upon doing the title work, it was discovered that the deed was purchased from the state of AL after the owner died with heirs. The deed-holder possessed the house as a rental. He did not contact the heirs and they did not reach-out to him. The closing attorney is... View More
answered on Sep 23, 2019
Yes, and it can fluctuate under the facts of the particular case. You should speak to an attorney experienced in both Estates and Real Estate Tax Sales.
I bought land from a couple and it paid off in 2008. Afterwards they left me a note in the mailbox that says I now need to pay the taxes myself. I have been paying the since 2008. They have died before they ever sent me the title to the property. There is no estate or heirs. So I do I get a quit... View More
answered on Sep 12, 2019
You may be able to file a claim for Adverse Possession. But you need to hire a real estate attorney to do this for you. These cases are very complex.
The commercial property is leased in Montgomery .The contract states that it's for two years ending in 2020. A week ago today the landlord and I had a disagreement about a sublease she wanted to add to the contract already signed .The sublease states I give up half of the property leased to... View More
answered on Jul 30, 2019
How can any attorney on here answer the question without reviewing the lease, the payments and all other issues.
Did you call landlord?
This is on the power of attorney that I have... does this mean I can sign the lease?
This is in Madison, AL
(3) provide living quarters for the individuals described in paragraph (1) by:
(A) purchase, lease, or other contract; or
(B) paying the operating costs,... View More
Will I be panelized on the sale of a house if I don't put all the money into buying another one? And how long do I have And how long do I have to buy a new one after the sale?
answered on Jun 26, 2019
The last time I looked, if the house is your residence, there is no tax unless the house was worth more than $500,000. Before relying on this advice you should check it out with your CPA or tax lawyer.
Our leases are individual for each bedroom. Ive asked mgmt to do something like get her to move to other apt. She tried to get her boyfriends dog to attack me and her boyfriend followed me into elevator and threatened me to stop complaining about her. Apt mgmt advised me that I would have to sit... View More
answered on Apr 17, 2019
IMO, the best thing you can do is to find some way to bury the hatchet with your roommate--because the landlord probably does not care who stays where as long as they pay their rent on time. No online lawyer can help you either.
Purchase agreement with Alzheimer medicated person
Person died before it closeo
answered on Apr 1, 2019
Are you sure this is a serious legal question? How would a dead person be forced to perform a contract if they cannot respond to an attempt to enforce it? Unless you wait until the decedent's family opens a probate case and then file a claim against the estate you are wasting your time.... View More
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