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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.
Wife continued living in home still jointly owned; ex-husband remarried and owns a home in another state. Ex-husband is terminally ill and wants first wife to own joint home outright. He is concerned that current wife would inherit his share of Minnesota home, under Pennsylvania marital property... View More 
answered on Aug 7, 2018
A quit-claim deed or a warranty-deed would be the way to do it
Or will I be penalized in some way?
answered on Jun 11, 2018
The terms of your contract should be able to provide you with the answer to that question.
Would this be a capital gains issue for my parents? I am thinking it is a $40k gain; still have 5 years on CFD.
answered on Jan 11, 2018
Your parents still have legal title to the property. You should check the specific language of the contract to see what you can and cannot do, and what happens in any given scenario.
this has happen in the state of arizona and how do i proceed in minnesota, how do i ubtain a legal copy of the last will and testa ment
answered on Dec 14, 2017
Hello, Thank You for your question! Unfortunately, the work you need to do is with the Arizona court where this was handled, not in a Minnesota court. But regardless, to get started, you will need a copy of the Will. Luckily, a Will that went through probate is a matter of public record (I am... View More
Both my ex-wife and I are on papers sent by law firm. So both need to sign. However, since divorce we both have different last names than what is on paper work sent by law firm representing time share. Is this an issue? If we do quit claim are we still required to pay $1800.
answered on Dec 6, 2017
I imagine that you already have this wrapped up, but just in case I would usually recommend signing if you don't want to be owners anymore. You should not have to pay the $1800 unless it is stipulated in the cancellation agreement.
Now that the buyers have seen the covenants they want to cancel - will they get their earnest money back?
answered on Nov 16, 2017
Those are documents that: a) a purchaser would typically take subject to; and b) are readily available in the public records; and c) would be swiftly disclosed as part of the title search. So I would be quite surprised if a purchaser would have grounds to cancel the contact based upon same.
The verbal agreement is it will be put in mine and my husbands name after some other debt was paid. Which it has. I'm now getting a divorce. Am I entitled to any equity?
answered on Nov 2, 2017
You should have a lawyer help you with the divorce. At first blush, I would say that it is unlikely you will have a stake in the house. If your mother-in-law transferred the husband to your soon to be ex and you paid for part of that bargain, you may be able to make the argument but I would not... View More
I purchased a timeshare in Las Vegas with my wife, before we were married. She has since passed away. I no longer want the timeshare, but was told I cannot sell it or give it away because I need to find all of her potential heirs and have them release their claims on the property first. Is this... View More
answered on Sep 18, 2017
The answer to this will likely have some state law issues that I could not answer. However, there are ways that an attorney could help you cancel this timeshare. I wrote an article for my state's bar publication last year that will have important information for you and your attorney. You can... View More
Friend died, son was awarded house by probate. I have been paying on it for the last 15 or so years, ready to pay it off, how do I get the son and my name on the deed? They were told and received documents on her death and the award to the son by probate.
answered on Sep 11, 2017
You don't because the house is not yours. You will need the son to execute a deed (and voluntarily to boot) or maybe you satisfy requirements of adverse possession.
We signed a contract to sell our house 4 months ago. Our realtor has not been very helpful in selling our home (1 open house in 4 months). If we don't sell by the end of October, foreclosure proceedings will start. We've dropped the price twice--a $20K price drop. Nothing is working. Is... View More
Person wanting out was not a initial owner but was given his share by his father
answered on Aug 11, 2017
Absent some recording of the agreement, likely not. Under certain circumstances, you may be able to exercise the right to buy this individual's share before any other seller - but this is case dependent.
I had 72 hours to sell my house or my offer was canceled. Since I am so close to selling mine, is there any legal way to extend that 72 hours at all? It's been almost 5 months with no activity whatsoever....
Gra ting quiet title to our property.now buyer wants earnest money and part of title costs.what can we do without spending money we dont have
Can I list the units and process applications before closing on the duplex so I can have tenants in the day after closing?
answered on Apr 20, 2017
If you enter into a binding contract, but for whatever reason you cannot perform, you may be liable for damages.
My lease states under the second paragraph term the initial term of the agreement is that the property is leased on a month-to-month basis starting on September 1st 15 and ending September 1st 16 my understanding is that a periodic lease or a month to month does not include a specified end date... View More
answered on Apr 20, 2017
It sounds like you have a year lease and you make monthly payments. Month-to-month means you or the landlord can terminate the lease with a month notice, but if you have a contractual right to the property for a year, then it doesn't sound like you have a month-to-month lease. The outcome... View More
7 year contract for deed for a lake property. We had a 20% down payment and have paid a large amount in monthly payments. In total we have paid over half of the purchase price. With permission from the seller we've been trying to sell for 3 years. If we are unable to sell we'd like to cut... View More
answered on Apr 20, 2017
The seller will likely send you notice of cancellation of contract for deed and if you fail to cure the default you will lose your prior payments / equity, and the property.
My spouse and I are getting divorced this year, self-filing, and we have a home we purchased during our marriage. The home has a mortgage. My ex has no income but his mother has been paying the mortgage while he's been living there. I do not live there anymore, but my name is the only one on... View More
answered on Mar 7, 2017
You have many options. However, I am unsure who the "they" you are referring to is in this particular scenario.
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