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Recent Appraised Value questions

I own a home with three of my brothers. We are hoping to

I own a home with three of my brothers. We are hoping to trouble shoot any future problems we may have as joint owners (common tenancy I believe?)JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: Washington. The home is in Brier, WAJA: Has any paperwork been filed?Customer: Just the deed no official contractsJA: Anything else you want the lawyer to know before I connect you?Customer: Don't think so Thanks

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

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On Dec. 30, 2013 H&W bought house for $49,500 paid $9,000

On Dec. 30, 2013 H&W bought house for $49,500 paid $9,000 down. Three year balloon note due to owner. Taxes and interest included in the approx. $550.00 monthly paymt. H&W were led to believe they will qualify for a loan to pay mobile home off. Discovered they not qualify b/c home old, built in 1995. Owner demanded full paymt of balance owed. H&W unable to pay. Maturity date was Dec. 1, 2016. H&W begged Owner to not evict them. Owner agreed to allow them to stay till end of Jan. 2017, provided they pay $700.00 a month in rent. Recently they received a letter stating they must now pay $1,000.00 in taxes by the middle of Jan. 2017.

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LawTalk

Attorney at Law

Juris Doctor

35,122 satisfied customers
Question for Law Educator: Right now have the estate of my

Question for Law Educator: Right now have the estate of my father on the real estate market for sale with a shortsale. Brother is the executor of the estate. Getting offers. Bank will do appraisal and the offer needs to come up to 100% of appraised value. That's all I know. My question is: If we handed keys over to bank instead of trying to sell through real estate broker, will the bank be able to sell for higher price or lower price? Will the bank do minimal maintenance on property?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

112,750 satisfied customers
How do I determine the value of my property when the city is

How do I determine the value of my property when the city is trying to exercise eminent domain?

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Ely

Counselor at Law

Juris Doctor

66,978 satisfied customers
I can't get my mortgage company to cancel my PMI even though

I can't get my mortgage company to cancel my PMI even though the balance of my loan is at 55% of my original purchase amount of my property and the property is worth more today than the amount for which I purchased it. Can I sue and if so, how do I go about it?

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TJ, Esq.

Juris Doctor (JD)

11,450 satisfied customers
I bought a camp recently and the real estate disclosure.

I bought a camp recently and the real estate disclosure. Indicated it had public water supply. I do not have public water but a shared well with six other lots and no legal right to the well. I am concerned my resale value will be affected. The real estate disclosure was clearly fraudulent. What are my rights?JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: MaineJA: Has any paperwork been filed?Customer: NoJA: Anything else you want the lawyer to know before I connect you?Customer: no

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

50,096 satisfied customers
My husband has his name on 2 mortgages from a previous

My husband has his name on 2 mortgages from a previous marriage. Only the first mortgage carries her name too. The home is located in litchfield county in CT. He has been divorced 3 years and his ex refused to refinance. He has a quit claim deed and it is written in the divorce decree that she is the sole responsible person for the property and mortgages. She was supposed to have refinanced years ago and refused.Fast forward.. she stopped paying on second almost a year ago and it hit his credit. His credit tanked then but has rebounded. She is now trying to settle on the second. The second mortgage has charged off. We took her to court for contempt as it also stated no harm could come from her to him. She has been trying to unsuccessfully refinance and settle second to no avail. The ex refuses to sell until next July based on last child finishing high school. We may seek judge to mandate short sale which is likely the only outcome. She likely will not be able to sell now due to a lien from second without a short sale. Judge may rule against us because family law the child is always considered first.My husband just got approval for a VA loan yesterday and we would like to put in an offer this week on another home. My concern and my question is: if his ex cannot refi or sell home and walks away lierally abandons the home can the banks attach a lien to our new home as he will be the only name on mortgage. Is this legal or possible? If that could happen what can we do to protect ourselves in this scenario?

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ScottyMacESQ

Doctoral Degree

23,742 satisfied customers
In a short sale where all the lenders have to sign off on on

In a short sale where all the lenders have to sign off on on the price, so that the property can be sold to a third party, who decides how much of the offer the lenders get? Does the 1st mortgage take it all? I don't get it.

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

112,750 satisfied customers
Looking for an answer about my pay off of my home. The USDA

Looking for an answer about my pay off of my home . The USDA said that they have to reappraise my home and find out the market value from then to now and said I would have to pay the difference. Can they do this to me after I have paid my loan in full?

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KJL LAW

Juris Doctorate

1,740 satisfied customers
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