They live in the home & it's only valued at under $11k. There's no mortgage. The concerns are: we didn't sign anything to agree to this; they are financially unstable; have large medical bills & we don't know if they pay taxes or insure it. Could we be held liable if... Read more »
My parents owned the home but we're letting the bank foreclosure on my childhood home because of bankruptcy . So I started to make the mortgage payments to try to get it put into my name for my new home, but now the bank is talking about for taking about foreclosing on me/her (my step mother).... Read more »
You should save the payment money and approach the bank to take over the loan. Yet, the bank in not likely going to be able to talk with you about it since your not on the loan. Making payments may take your dad out of default but you won't get any credit for the property and your just helping...Read more »
We sold our home and gave the new homeowners a certified check for 650 dollars made out to a mudjacking company per our contract to have some work done on the drive way. The new homeowners lost the check and had the work done. The check had a 90 day experation. 1 day after it expiered they... Read more »
Loan refinanced. Quit claim deed filed and my name off of property. Now it is foreclosing, and creditor's attorney is stating my name needs to be off of deed of trust. It's off of the note and title, but he said that's not enough. Please help.
This doesn't make sense. If your ex really refinanced, the deed of trust with your name on it would have been paid in full and the mortgage would have been satisfied. In addition, on a foreclosure, the lender usually goes after the property, and you would not have any liability. The deed of...Read more »
There are times when a transaction like this is challenged even after the closing. This is why it's essential that you purchase owner's title insurance, which will protect you from any possible financial loss resulting from such claims.
The answer to this question is fact dependent. However, in many situations the neighbor would be responsible for the cost of having to remove the tree, and also the cost of repairing any damages the falling tree caused.
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