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I am in Miami fl. on a property in an agricultural area. we

I am in Miami fl. on a property in an agricultural area. we have been there 5 years now. we run a non profit organization utilizing plants and animals to teach people about the environment/nature in an engaging interactive way. we could not afford to buy the property when we found it but were approached by a family member who said they wanted to help us. It surprised us but we were very happy for the opportunity. This person purchased the property at a discounted price offered to us by the seller because they believed in our mission statement. We met in her lawyers office to discuss everything. We gave them our two year, three year and five year plan, and offered the purchaser 3% on her money even though she insisted she did not want to make money off us, she just wanted to help us. We would pay the monthly mortgage expense etc, with a portion going toward our eventual purchase of the property. The lawyer said that we should write all this down, but purchaser insisted it was not necessary, she just wanted to help us.We worked our buns off transforming the property to a lush tropical rainforest paradise. We had to be creative as we had very little money and had to generate funds for the landlord. We repurposed found things, got donated plants, rescued plants, rescued animals, found places that would donate discards that we could use to feed the animals etc. We provided a unique experience to our visitors and after a few years word of mouth took off and our attendance skyrocketed. Apparently the landlord figured she could take over our business, but that was not happening. She in no way could fulfill our mission statement. That pissed her off. She started harassing us that she wanted her money out at year two. we were on track with the business plan we had given her and it stated that at the five year mark with our agreement we should be able to purchase the property from her. in 2014 she just got plain nasty. She seemed mad that we were becoming more successful. eventually later that year she told us everything has changed. All the money we had paid to her was gone. Her exact words were 'poof' thats all gone. She said that she was going to put the property on the market unless we started paying $5000 a month. We paid $5000 a month. After a year she put the property on the market anyway. She asks a price $150,000 above the appraised value, insisting that was the price we would have to pay for it. Eventually she dropped asking price a little and says we can buy it for that price plus 25% of the business with none of the liability. It was not the first time she demanded 25% of the business. Now she has sent a letter ( with some lies in it) saying she is not renewing rental, and gave us a few weeks to move out, or buy the property at the too high price, or sign a year lease with increased rent and lots of not good for us things in it. I feel that there is extortion. There is no way we can possibly move all our animals and enclosures and supplies in that time period. People trying to help us mentioned improper enrichment, breach of contract ( although verbal contracts are binding in Fl, I guess it's not so regarding real estate)..She deceived us. And apparently just wants to take all we have. I dont know what recourse i have. But am determined not to worry myself into a heart attack again. Any ideas?

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J. Warren

Attorney

Doctoral Degree

 
3,870 satisfied customers
I owe$110,000 on my residence. i am having structural

i owe$110,000 on my residence. i am having structural problems on my house, i am out of work at this time , i can not afford to fix it now and i am not sure i will have another job soon i have about six payments available to me for my loan payment left . i doint know where to turn i will run out of money soon then may loose my house back to the bank .i have other properties but the loans are in my deceased husbands name only my name is ***** ***** two of the loans but is on the titles of both as joint tennant the structure breaks are serious can they attatch my other properties if i can not sell the and they forclose on me.

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

 
44,784 satisfied customers
My question is about the appraisal inspection of buying a

My question is about the appraisal inspection of buying a home. I was in the process of buying a home but some reason the underwriter couldn't approve the loan. now they told me that in order to proceed we will need to make a new contract. so I'm gonna have to pay the appraisal inspection again. my question is : why can't they just use the same appraisal that I paid for the same home the last there months?

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Alex Esquire

Managing Attorney

Doctoral Degree

 
21,206 satisfied customers
My daughter owns a condo that she bought in 2006 for

My daughter owns a condo that she bought in 2006 for $169,900 that is not only upside down on the mortgage but is a Comm Development (CDA) loan with a 6% interest rate!. At the time it was a 5/30 with only interest paid the first 5 years! None of the banks will refi the loan because it is CDA. The CDA is not an FHA so none of the Gov't programs will help her. She is in good standing and not in foreclosure on the loan. How do we get out of this monster loan? The loan has been sold to first a servicing company, then 2 banks who have dumped the loan, now it is with another servicing company Dovenmuehle Mortgage (who handles HUD loans). I thought about paying it off for her with my inheritance money but she would have to pay me back over a 15 year term and I'm 65 years old and she wouldn't get a write off on her Income tax. Or, paying off the 60K that is causing it to be underwater back to a reasonable market value of $100K which is what they are selling for now. This loan was not a good idea and many first time homebuyers in MD are having the same issues. Most have filed foreclosure already. Any ideas on what to do?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

 
44,784 satisfied customers
I signed a real estate contract to buy with no contingencies

I signed a real estate contract to buy with no contingencies and now realize I made a mistake and want out. Is there anything I can do?

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Attorney

Juris Doctorage

 
266 satisfied customers
I own a home in Orlando that the mortgage was paid off in

I own a home in Orlando that the mortgage was paid off in 2003 my wife died in 2013 and I remarried in 2015. I have been letting my step-son live there rent free since October. This was so he could payoff some students.We signed a noterized paper saying he could live there rent free and we would sell him the home at a later date. The home appraises for $285,000. My wife has now decided I don't have enough money for her so she plans to leave me plus she wants me to sell him the house for $200,000That is all the loan he can qualify for. She will live her but stays in a separate part of the home until I sell him the house. Since my name is ***** ***** one on the deed and I have owned the house since 1995, which r my options. How do I get arouned the noterized note plus how can I move back into my home with him living there. How do I save my home.

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Irwin Law

Juris Doctor JD

 
8,076 satisfied customers
In a divorce settlement I offered to pay my ex a certain

In a divorce settlement I offered to pay my ex a certain amount of money ( the money owed to the appraised value to make it about 50 percent at time) the housemy thought was to just buy her out but I decided to put the houseup for sale this was allowed in the divorce docs.but if after 2 months the house wasnt sold she could have entered a judgement for the money owed. she did that and got a judgement for the money i gaureeteed to herthe house has a buyer and is being sold. is she responsible for the realtor fees and other fees asscoaited with the house.this was NOT in the divorce settlement about any fees??she is on the deed of the house. it was not turned overGary

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Albert Marmero

Juris Doctorate

 
250 satisfied customers
I received a manufactured home in my divorce because my ex

I received a manufactured home in my divorce because my ex wife did not want it, the judge decided I had to refinance it within two years to get her off the deed. I was unable to refinance it because we were in chapter 13 bankruptcy, it is now discharged but I am un able to find someone who will refinance it due to it being a rental (which is currently rented to a section 8 individual) I owe about as much as the home is worth without getting it appraised and I am losing money on it every month, rent versus mortgage payment, plus repairs and taxes and water and sewer bill. My ex wife will not give me a quit claim deed until I refinance it or sell it and if I sell it she gets half of the proceeds from the sale even though I just this year sunk about $10,000 cash into a new roof and A/C. What are my options for this? thanks

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

 
44,784 satisfied customers
We had sold our home 0n May 3, 2016; all went well without a

We had sold our home 0n May 3, 2016; all went well without a hitch. Within days, found a property, made an offer and was accepted. Using a VA loan the sellers agreed to pay for a retrofit 0f their manufactured home. This did not drag on and with us having to pay for the VA appraisal, pest inspection; also paid by us. Then having to pay for a re-inspection because the previous report reflected PREVIOUS termite/wood rot on a storage shed and a covering protecting the well pump. These two out-buildings had no physical connections to the Main house which passe with flying colors. The re-inspection report reflected that the structures were retreated and yet this underwriter would not approve the re-inspection report and stated that these two out-structures must be "repaired or removed". Knowing how this person thinks, we knew that the "repairs" would never pass (a third inspection), so with the financial help from the sellers, the structures were removed. By this time, the sellers had moved out and a closing date was set for May 27, 2016. Now, the underwriter had to look for something else. The closing date of May 27 had come and gone. Two more closing dates had also passed.Now, there was an issue of the road that ran to the the property: Private vs. County. Regardless, any issue(s) of the road is moot. There was never any disclosure or mention made prior to, during or after the contractual transaction of the road to the property; until NOW! To date June 25, 2016 we still, do not have a closing date. Needless to say, the mental anguish of this ordeal has been unbearable. My wife, of whom I adore, has broken down in tears three times that I know. I am a 20yr. retired, 100% disabled, combat veteran who struggles daily with my Post Traumatic Stress Disorder (PTSD). My question for you is: Can my wife and pull out of this without reprisal or lawsuit from the sellers. I have selflessly and without hesitation, proudly served my country with Honor and Distinction without regret and with nothing less than Loyalty towards my comrades and my superiors. That first day of my military life, I took an Oath and Vowed to protect and defend this country and its Constitution. For myself, that oath did not stop when I left military service. I will take this oath to my death.

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William B. Esq.

Attorney

Doctoral Degree

 
18,522 satisfied customers
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