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Recent Due On Sale Clause questions

Purchasing a house in Arizona this is hard as I cannot see

Purchasing a house in Arizona this is hard as I cannot see what I am typing the screen only shows your little pop up face and keyboard . Anyway I am having to sign s gift letter as our findings were not in bank and lender wants me to sign a disclaimer deed but the work " forever is in the disclaimer . They say I can add my name to deed after closing . Can they be held responsible for giving me such advice if the do a due on sale due on sale action?JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: Arizona funds not findingJA: Has any paperwork been filed?Customer: Yes husband is getting a mobile notary coming to him in Denver on Monday then I am traveling out to Arizona to sign the disclaimer deedJA: Anything else you want the lawyer to know before I connect you?Customer: Does a quit claim deed trump a disclaimer deed and is so I can be added after closing and is a wife vulnerable to a due on sale. Laura - I'm overwhelmed

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Maverick

Doctoral Degree

8,162 satisfied customers
I am buying a house in Houston, Texas, where I live, with my

I am buying a house in Houston, Texas, where I live, with my daughter. I will ultimately buy her share out within a year. I am fronting the money and trust her fully. I have a federal tax lien based on assumptions by a tax assessment that should be cleared within 90 days and I'm considering putting the house fully in her name, if that is ok, until lien is cleared. Is there a way that I can minimize closing when I buy out her share. Should I create a side agreement that could minimize the cost when I buy here share. Should I list myself as a minority owner on the closing documents? Any guidance would help.

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Ely

Counselor at Law

Juris Doctor

69,230 satisfied customers
I am talking to a seller about assuming her 1st and 2nd lien

I am talking to a seller about assuming her 1st and 2nd lien mortgage until I can get a fha loan for full amount as owner occupant in July 2017 when tenants move out. (see her comments to me: "Then you can open up escrow as long as you pay closing or I can quitclaim to you once you give me the 6k deposit. The latter is easier for me. But possession won't happen until 7/1 when the lease expires and the tenants have been notified and are cooperative as well.")1.Don't trust her with my 6k unless you think her quit claiming house to me is safe (but probably need to do promissory note to the two private lenders holding the first and second mortgage so they don't send a due on sale clause on me)2.Don't know her tenants but heard they have been slow pay so possibly have to do a cash for keys situation with them to get them out in July?3. Need your opinion on what else you think could go wrong with this deal.

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39,608 satisfied customers
My ex-wife was awarded our home back in Dec 2002. She has of

my ex-wife was awarded our home back in Dec 2002. She has of yet refinanced the home to get in her name and the mortgage is still under my name also. The is a VA certificate under my name. finding out that she is behind and trying to get something going through Wells Fargo and she has stated a Quit Claim Deed. and there is another gentleman that is with her on this paperwork. I'm confused and cant see how someone else can be put on a loan without my consent.JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: texasJA: Has any paperwork been filed?Customer: only items at wells Fargo to get stuff going. shes behind from what I'm toldJA: Anything else you want the lawyer to know before I connect you?Customer: my name and SSN is still associated to the property

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legalgems

Juris Doctorate

18,156 satisfied customers
Are you a California based attorney? In California, No but I

Are you a California based attorney?JA: No. I'm the Real Estate Lawyer's Assistant.Customer: In CaliforniaJA: Has any paperwork been filed?Customer: No but I have a question about California's Prop 13JA: Anything else you want the lawyer to know before I connect you?Customer: This has to be a. Ali for is lawayer

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264 satisfied customers
Assistant: Thanks. Can you give me any more details about

Assistant: Thanks. Can you give me any more details about your issue? Customer: I am wanting to transfer the ownership of my house in Jupiter Farms to my son and daughter in law. We purchased the hope about 3 years ago. The home mortgage is carried by Wells Fargo. All payment have been paid on time. We have paid it dwon so that no PMI is required.What process would we encounter to accomplish this..

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Richard

Owner

Doctoral Degree

49,606 satisfied customers
Second opinion] regarding buying a property with an existing

Second opinion] regarding buying a property with an existing mortgage.when can i buy the property subject to the existing loan ?when and how can i force to keep the existing loan as perline 203 of the HUD- 1 SETTLEMENT STATEMENTEXISTING LOAN TAKEN SUBJECT TO. ?KINDLY EXPLAIN.

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Irwin Law

Juris Doctor JD

9,820 satisfied customers
If I am holding the note and deed of trust on a property and

If I am holding the note and deed of trust on a property and the borrower changes the zoning from commercial to residential in AZ Can I file for foreclosure or call the note due?JA: Since laws vary from place to place, what state is this in? And has any paperwork been filed?Customer: AZ. We send a demand letter and he is currently 120 days late on paymentsJA: Has any paperwork been filed?Customer: With the court NoJA: Anything else you want the lawyer to know before I connect you?Customer: He also transferred title and then put it back in his name when he knew we found out. There is a due on sale clause.

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Attyadvisor

Doctoral Degree

8,560 satisfied customers
I have a question my aunt pass away and left me the house. I

I have a question my aunt pass away and left me the house. I did not tell the mortgage company about the death because we were going through probate and plan to refinance. We still have not finish but are closer to being financing the now.JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: Bonita Fortune, I am in Washington, DC.JA: Has any paperwork been filed?Customer: For probate yes, for I was told that I could not pay the mortgage and my aunt is dead. SoJA: Anything else you want the lawyer to know before I connect you?Customer: So I was going to call the mortgage company and tell them of her death.

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

53,342 satisfied customers
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