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Recent Encumbrance questions

My daughter's name is on the deed with me in case I should

My daughter's name is ***** ***** deed with me in case I should die, I want the property to go to her automatically, however, I hold the mortgage, lots of equity. Must she qualify to hold this mortgage or just continue making the monthly payment. State of North Carolina

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,090 satisfied customers
I have a final judgement that does not appear on my credit

I have a final judgement that does not appear on my credit report, but does show up in county records. It is not on the home I own, but want to sell. Will it be discovered during the sale and need to be satisfied? The home is homesteaded, but the judgement was filed before the purchase of the home.

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,090 satisfied customers
My husband passed away. He was borrower on our home loan and

My husband passed away. He was borrower on our home loan and I was co borrower. The loan originated with Met Life and was refinanced under Sterling National Bank. I was still a co-borrower on that loan. Chase assumed the loan and do not have me listed on the account and can't investigate without my husbands written request. They can then investigate and see why my name isn't on it. My attorney advised me after my husband passed away in 2012 just to keep making the payments. The problem is, since I am not listed, the IRS came back and say I owe more money because,of interest income. I have not notified Chase of his death as I was afraid they would require me to refinance the loan and the interest rates were higher and I probably wouldn't qualify based on reduced income. Please advise!

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Ely

Counselor at Law

Juris Doctor

64,410 satisfied customers
If a foreclosure by a HOA is sold by the county and the bank

If a foreclosure by a HOA is sold by the county and the bank recently foreclosed on the property and did not pay HOA fees.The foreclosure would be subject to bank? The county sells foreclosure by HOA would be on the bank as owner? I as buyerof foreclosure would be super to bank?

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Irwin Law

Juris Doctor JD

8,808 satisfied customers
Are cooperative housing communities where the corporation

Are cooperative housing communities where the corporation owns the land and the homeowners own the improvements and are given shares by the corporation required to have reserve funds in the state of California. And if so, can you cite chapter and verse for me or provide a link to the statute.Regards,Steve ******

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Ely

Counselor at Law

Juris Doctor

64,410 satisfied customers
If i buy a property with mortgage foreclosure sheriff sale

if i buy a property with mortgage foreclosure sheriff sale (for primary mortgage lender ), do i have to pay second mortgage lender, third mortgage lender,...aliens?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,090 satisfied customers
My father in law is selling his home - there is not a

My father in law is selling his home - there is not a mortgage against it but there is an equity line with a zero balance - do we have to close the equity line before the closing date with the title company?

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LawTalk

Attorney at Law

Juris Doctor

32,996 satisfied customers
I recently closed on a real estate transaction where I was

I recently closed on a real estate transaction where I was the seller of a house my dad transferred to me and my sister was the buyer. After closing I received a call from the escrow attorney that the property had a judgement lien. If I would have known, I would not have closed. What should we do or what should the buyer do?

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Loren

Juris Doctor

37,064 satisfied customers
I have a mini perm construction loan on my property, which

I have a mini perm construction loan on my property, which was just completed and I have a CO. The loan's now rolled into a permanent loan.I have an issue with my roofing contractor. The labor fee was $16k total. I paid a $10k down payment, now the amount owed is $6k as the project is complete.My primary issue is that I received the initial material order at a discount from a supplier, but it was a very expensive material that I could only afford because of the discount. Due to a massive underestimation of material required (about 25%) by the contractor, who did the takeoff using field measurements, I had to order new materials at the actual cost. The additional materials cost $3k.My secondary issues is that the contractor took a very long time to do the job. During that time, the roof kept leaking, requiring repairs inside on 3 separate occasions.I want to negotiate the remaining fee. If the contractor is not willing to negotiate, what are my likely legal remedies? Further, will he likely be able to issue a mechanic's lien? What are the likely repercussions with my loan if there is such an encumbrance issued on my property?Thanks

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,090 satisfied customers
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