Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
I would like to keep the property in his name until its paid in full. Then transfer the deed to my name.
The property is worth more than whats owed .The loan is not in default at all.Can I do a lease perches between me and him and have it notarized and that be legal.Then later down the road I would finance in my name
When I do a contract for deed and then record it. will I be able to caim the taxes and interest and get home owners insurance in my name.I dont want to raise any red flags with his bank
When I record the contract for deed.will that action cause a problem between him and his bank in any way
Last Q when I record the contract for deed will they send me the tax info at the end of each year just like a warranty deed
Thank you very much
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).