Neville Bedford's answer Caveat emptor ... "maintenance fees into the stratosphere" are not uncommon. There is now an emerging market to resell these "fractional ownership" interest though you will not likely recoup your total investment nor sunk costs. At least you should be able to sell it and stop the maintenance fees cntinuing into the stratosphere
Neville Bedford's answer Excellent question to review with your local real estate attorney with the deed in hand describing the condition subsequent and evidence of the breach along with documentation of all incidental and consequential damages including a careful review of all liquidated damages and specific performance clauses and conditions.
Neville Bedford's answer If they receive the house in his will, they will take it as it is, with the mortgage. If you are still nervous, and he agrees, make an appointment to meet with an estate attorney with him to go over the will and the consequences should he predecease you.
Neville Bedford's answer Many negotiations begin with the buyer saying something like "the most I will pay is the least you will take" and the Seller saying something along the lines of "The least I will take, is the most you will pay" that is where we get to what is called a "fair market price, what a willing buyer will pay a willing seller in an arms length transaction". There are professionals who counsel both buyers and sellers in these transactions on a daily basis. They are compensated by a percentage of the...
Neville Bedford's answer 30 days is reasonable notice in terminating a month to month tenancy. If your rent is due on the 1st then you should give notice on the last day of the month before you plan on leaving (at the end of the next month)
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