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Recent Co op Housing questions

Could a board of a Co-op Housing Association refuse to

Could a board of a Co-op Housing Association refuse to change/or add my son's name on the ownership shareholder certificate because I have a judgement? I want to highlight the fact that I just paid off the mortgage on it and got the release paperwork fromthe lender, and I don't owe anything to the Co-op as I have always paid my monthly fees. Does the board have the power to alert the private party who obtain a judgement against me and oppose the transfer of the ownership?

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Attyadvisor

Doctoral Degree

8,358 satisfied customers
I am a board member of townhouses & was told by our property

I am a board member of townhouses & was told by our property manager we could as a board pay off a existing loan from the bank & have the homeowners continue there payments as agreed upon & put the money back in the reserves. Homeowners who are left paying don't want to pay the interest & want the board to pay them back the interest from when we paid up the loan. They want a special meeting over this & are accusing us of making a expenditure more then the yearly budget. The board has a right to manage the reserve to better help the homeowners Right! Any suggestions in stopping this train of anger?JA: Where is the property located?Customer: Wilmington,NCJA: Has any paperwork been filed?Customer: No, they tried to have a lawyer ask for the minutes,etc.. They sent the board a e-mail requesting a special meeting &gathered signatures for a quorum.JA: Anything else you want the lawyer to know before I connect you?Customer: We had a annual meeting in Dec.'16 & the board had told the homeowners &it was 1st & 2nd by the homeowners to accept the boards decision to pay off the lon from the bank so the Reserves would get the 5% interest instead of the bank.

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INFOLAWYER

Attorney

Juris Doctor.

41,550 satisfied customers
I have an issue. I am a landlord of a three family. I rec'd

I have an issue. I am a landlord of a three family. I rec'd a complaint from my first floor tenant stating the for the last 6 months the 2nd floor tenants are having very loud fights to the point there are screaming matches which can last for 30 minutes. Also there 6 year old little boy is being loud at playing and jumping up and down. There are hard wood floors through out the house. The second floor tenants to do not have area rugs because the little boy has asthma so rugs hold dust. I imagine for that reason they have no rugs. One time during the fighting the 1st floor tenant went knocking on the door to ask them to keep it done but they didn't open the door and then he yelled thru the door to keep it done. When they see each other they are always polite and respectfully. Not sure who to approach this in a tactful manner. The first floor tenant does not want adversarial issues with neighbors.JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: MassachsettsJA: Has any paperwork been filed?Customer: noJA: Anything else you want the lawyer to know before I connect you?Customer: I just for the an email informing me of this issue Friday night

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

52,306 satisfied customers
I have a dept with the Employment security department since

I have a dept with the Employment security department since 1989 and have been struggling to pay it off. I would like to know if there is a statue of limitations with that department on a dept from that many years ago.JA: Where is the property located?Customer: No property, the Employment security department is for employment/or unemployment.JA: Has any paperwork been filed?Customer: Yes 18 years agoJA: Anything else you want the lawyer to know before I connect you?Customer: No..I guess that I am 75 years old and on a limited income and they could garnish my Social Security

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

115,378 satisfied customers
My sisters and I are in the process of trying to sell

Hello,My sisters and I are in the process of trying to sell properties under a 1031 exchange. We have identified a real estate broker and we are hoping that you can assist with the following questions.1) We had a family lawyer (who is currently unavailable) review the contract and he asked the broker to insert the following text in to the broker's agreement:Seller intends to do a 1031 exchange. Therefore an offer with a closing timeframe under 90 days may not constitute a "bonifide offer."Here is my question #1. Is there a requirement to include this statement as part of a 1031 exchange? I am not quite sure how this statement would be beneficial to us in the 1031 exchange. If anything, it may scare off potential buyers that may want a quick turnaround for their purchase.2) Are there any additional statements that should be included in the broker's agreement related to a 1031 exchange?3) I have ready that you can do a 1031 in which is handled through a third party company who acts as an intermediary for the 1031 purchase transaction. Essentially, once a replacement property is located the third party company would purchase the seller's property and then sell the property through their company to the buyer. Is there any advantage to us to go the third party route for our 1031 exchange?

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370 satisfied customers
I was a co-signer on an apartment 5yrs ago. The landlord

I was a co-signer on an apartment 5yrs ago. The landlord never issued or had the tenants renew their lease after the first year. They have lived in the apartment for 5yrs and was served a 60day eviction notice. The landlord never contacted myself in any occasion in regards ***** ***** or apartment. Am I still legally tied to this apartment after the last 4yrs of no current lease agreements? If so shouldn't the landlord be sharing information with myself about said apartment and tenants?JA: Because laws vary from place to place, can you tell me what state the property is in?Customer: CaliforniaJA: Has any paperwork been filed?Customer: Not to my knowledge other than the 60 day notice to vacateJA: Anything else you want the lawyer to know before I connect you?Customer: When I asked the landlord about it She told me that she can't share any information with me and if the tenants are not out by May14th than I need to look into legal representation

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

52,306 satisfied customers
FOR BARRISTER BARRISTER ONLY (NO HURRY) VARIABLE LIEN ON

FOR BARRISTER BARRISTER ONLY (NO HURRY) VARIABLE LIEN ON PROPERTY. I (72 YO) WANT TO GRANT MY BROTHER A LIEN ON MY VERMONT PROPERTY (BASED ON A PROMISSORY NOTE) WHICH WOULD INCREASE EACH YEAR THAT I LIVE IN HIS HOUSE IN PA. (MY BROTHER HAS 20+ YEARS OF LIVING EXPENSES IN THE BANK.) CAN ALL OR PARTS OF THIS BE DONE?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

52,306 satisfied customers
My husband had two strokes last year and i missed work hours

My husband had two strokes last year and i missed work hours and behind on my rent for 3 month. I received eviction notice to pay outstanding balance in three days which i cannot do. How long we can stay in apartment until they will get us out? I have disable husband and 7 yr old childJA: I'm trying to find the right Real Estate Lawyer for you right now. As soon as they are ready, I will let you know. Because laws vary from place to place, can you tell me what state the property is in?Customer: Los Angeles CaliforniaJA: Has any paperwork been filed?Customer: I dont know,i just receved letter from property lawer to pay in person in three daysJA: Anything else you want the lawyer to know before I connect you?Customer: The notice is "notice to pay or quit"

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

52,306 satisfied customers
In NJ, if a landlord begins eviction for late payment of

In NJ, if a landlord begins eviction for late payment of rent, what is the minimum time a tenant has to pay in full to stop the eviction?JA: You just pay a $5 deposit now and the rest only when you get a reply from the Real Estate Lawyer. All of this is 100% satisfaction guaranteed, so you can get a refund if you're not happy for any reason.Customer: ok how do I pay the $5JA: When we are ready I'll take you to the appropriate web page.Customer: okJA: Because laws vary from place to place, can you tell me what state the property is in?Customer: New JerseyJA: Has any paperwork been filed?Customer: NoJA: Anything else you want the lawyer to know before I connect you?Customer: We are a month behind on rent, and 6 months into a required minimum 1 year lease on a single family house. The owner wants to sell the house, and has requested several showings, but he did not disclose that some "showings' are actually shown on realty websites to be open houses. We are concerned that he will use the late payment to evict us if we offer any resistance to showing the house.

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

52,306 satisfied customers
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