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Recent Encumbrance questions

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

36,258 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

46,274 satisfied customers
My father owns a house in Arizona Pima County, but lives in

My father owns a house in Arizona Pima County, but lives in Ohio.There is a $70K principal balance owed on the Arizona property.A relative who is going to be the sole beneficiary of the Arizona house upon my fathers death, got him to sign a Beneficiary Deed. Here is my worry. Does this Deed that is held to Arizona Law, require that the house be paid in full from my fathers assets prior to the transfer to the beneficiary? In other words, is this a really sneaky way to obtain a larger portion of my fathers assets? I am fine letting the relative get the house with all current principal plus remaining debt. I am not happy with it if they receive the paid in full from my father assets. My father is still alive and he also doe snot want this to happen. So I need to figure what to do here.

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

46,274 satisfied customers
A person was deeded 5 acres on the family farm and in the

A person was deeded 5 acres on the family farm and in the deed they have easement to their 5 acres and use from the farm well that is not on their 5 acres. Over the years the property was divided and sold. The new proprieters own the property the well is on. Does the person that owns the 5 acres still have the right to use water from the well? If so, can the new owner of the property the well is on make them pay for the electricity for the pump that provides the water amounts to about $40 per month and the repair bills for the well and pump?

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AttyHeather

Attorney

Juris Doctorate

760 satisfied customers
I was wondering what to check for when someone is paying off

I was wondering what to check for when someone is paying off the principal of a home.I'm assuming the owner of the home is willing to accept a payoff of the loan and is wanting to have a notary sign the agreement.What should someone check to make sure this sale will transfer the property to the buyer?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

46,274 satisfied customers
I am looking into investing in Tax Deeds but would like more

I am looking into investing in Tax Deeds but would like more information pertaining to my state specifically. I want to know since Washington state is a Tax Deed state would I be allow to assess interest on the deeds until paid in full by the property owner?

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Ely

Counselor at Law

Juris Doctor

63,706 satisfied customers
In Oregon are all foreclosure sales (auction on court steps)

In Oregon are all foreclosure sales (auction on court steps) for the senior lien. I don't see any warning like in Calif. where they state you might be buying a junior lien and will still owe the senior lien after purchase. Thank you Bob

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LawTalk

Attorney at Law

Juris Doctor

32,420 satisfied customers
I bought a house on a quit claim deed. Now I have learned

I bought a house on a quit claim deed. Now I have learned that they are not very good and I am concerned. I should have required a warranty deed. What should I do now to ensure that I have valid and actual solid ownership in the property?

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LawTalk

Attorney at Law

Juris Doctor

32,420 satisfied customers
I do not have a will. I live in Arizona and I want to quit

I do not have a will. I live in Arizona and I want to quit claim my land I own to a family friend so that in the event of my death he will be able to own it. I do not want him to record the quit claim deed until after my death. Will there be a problem with him taking ownership of the land using the quit claim deed I sign over to him even though it would not have been recorded prior to my death?

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Loren

Juris Doctor

36,258 satisfied customers
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