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wallstreetesq.
wallstreetesq., Attorney
Category: Business Law
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Experience:  10 years, Corp litigation, Of Counsel to several global and nationwide corporation
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I bought a business with the Property, I got SBA loan to buy

Resolved Question:

I bought a business with the Property, I got SBA loan to buy the property, but im afraid that the old owner has any fake documnent to steal my identity and transfer the deed into his name again, is there a way to protect my business against this kinda thing, my business is in michigan, please advise.
Submitted: 4 years ago.
Category: Business Law
Expert:  wallstreetesq. replied 4 years ago.
do you have a mortgage or title insurance?
Customer: replied 4 years ago.
Yes, i have mortgage under an LLC company owned by me, but could the former owner has transfer the LLC shares under his name?
Expert:  wallstreetesq. replied 4 years ago.
the only way he could do this is by having a notary sign off stating you the president signed off, it would be a felony criminal act. You may want to put the deed into a new corp, and file a personal mortgage, which is owned by you directly so even if the previous owner did commit an act of fraud he could never sell without paying your mortgage off.
Customer: replied 4 years ago.
do i need a lawyer to do that?
Expert:  wallstreetesq. replied 4 years ago.
a real estate lawyer or a title company can do this, a mortgage is an easy form and can be found on several free form websites. A deed transfer can be done by you by going to the town records and filing it.
Customer: replied 4 years ago.

can i get your phone number, in case i need your advise, how much do u charge per hour

Expert:  wallstreetesq. replied 4 years ago.
we cannot do that, you can ask for me through this service, I will be glad to advise you.
Customer: replied 4 years ago.

is there a way to find you through this service, if i want to ask you any question later?

 

Expert:  wallstreetesq. replied 4 years ago.
yes just ask for Kumar Paturi Esq.
wallstreetesq., Attorney
Category: Business Law
Satisfied Customers: 15685
Experience: 10 years, Corp litigation, Of Counsel to several global and nationwide corporation
wallstreetesq. and 8 other Business Law Specialists are ready to help you
Customer: replied 4 years ago.
Thank you Mr Paturi

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