How are you! My Friend have a house in Las Vegas, which now
Hi, Sir,How are you!My Friend have a house in Las Vegas, which now coming an offer, but the buyer buy with FHA loan, buy require:LENDER AND CLOSING FEE: In Addition to seller's expenses above, seller will contribute $6000 to buyer's lender's fee and/ or buyer's title and escrow fee. excluding cost which seller must pay pursuant to loan program requirement. Different loan type(e.g. FHA, VA conventional) have different appraisal and financing requirements, which will affect the parties rights and costs under this agreement.seller to contribute $6000 towards buyer's recurring, and -non -recurring closing cost,points and fees.Because we know nothing about FHA loan, if my friend agree this term, he just simply $6000.00 or he need have some liability with this loan.Thank you so much for your great help.Thanks and best regardsMaggie
To follow-up. The developer has active developments in the
To follow-up. The developer has active developments in the town. That mean the town is holding escrow monies, performing Inspections, etcRelated to that development. Should that town hire the same developer to do construction work for the town?
This question is real estate related. needed a copy of the
this question is real estate related. needed a copy of the documents concerning property in utah in which owner carried. the only papers i had were either signed by the seller and not my husband and i, or signed by us and not the seller. figuring the title company we went thru would have them.what they had on file was pretty much what i had...escrow instructions that were not signed by both parties..etc. escrow officer said she would mail me what they had in thier files but ,utah is a right to privacy state and she would not send me copies of sellers papers.that each transaction was individual etc. my question...what could sellers papers contain that buyer would be kept from? and are any of the escrow agreements valid if not signed by seller and husband and i( as joint tenants) ?she said there is a search they can do for a fee. what might that be ?
We have a contract to sell our home. we are in the due
we have a contract to sell our home. we are in the due diligence period (ending Sept 9th). The potential buyers want to build a shed on the property and are, now, stating that we will have to accept a lower offer than they made (Written) or they will not go forward to closing. Isn't this voiding the original contract? We don't like blackmail. I realize that they can back out of the contract during this period. But can they keep us in a "limbo area" until they decide in the next 40+ days until closing? We have our own plans to make. WE have never had this happen to us before.JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: NCJA: Have you talked to a lawyer yet?Customer: NOJA: Anything else you think the lawyer should know?Customer: Have they, in essence, voided the contract by adding this new offer?
Who owns the house? My son thought he purchased a house on
Who owns the house? My son thought he purchased a house on Friday 8/19/16 in Bakersfield, Ca. He was told by the escrow co. that escrow had closed, the deed had been recorded and that he could pick up the keys and move in. Over the weekend, the family cleaned the yard and the inside of the residence. Today, Tues 8/23/16 they received a knock on the door. A man showed up and said "what are you doing in my house?". He further stated that yesterday, Mon 8/22/16 he attended a foreclosure sale "on the steps of the county courthouse" and purchased the property in question for cash. He went on to say that the deed had been recorded and that he will take legal action (eviction??) if my son did not vacate the house. He bought the property that was in foreclosure. My son knew the seller was behind in his payments but nothing was ever mentioned of an imminent foreclosure sale. Needless to say my son is upset and confused. Have you ever heard of the county forgetting to take a foreclosure sale off the market? My son loves the house and just wants to live their in peace and quiet. I am a retired attorney that needs some help on the subject. Please help.
I have a commercial apartment building I would like to sell
I have a commercial apartment building I would like to sell that I own. It currently has a loan. I wanted to ask if the following could be structured.I was thinking to set-up a master lease for the property. We would set-up the master lease that I would retain ownership/title to the property initially.I was thinking to set-up the master lease with the following:* The master lease would provide the lessee the right to collect rents, repairs etc for the property. The title would remain the same initially. * The lessee would pay me 20% down.* The lessee would pay me an amount equivalent to the purchase price minus down payment amortized over 20 years at 8% interest rate. * Monthly property tax and insurance would paid separately to me and held in escrow.Within 3 years the actual sale would occur, I would pay off the existing loan on the property and provide lessee title to the property. I would offer seller financing, but it will be seem less to the lessee as the payments and remaining principal amounts would remain the same. Lessee would take care of the property taxes and insurance on his own at that time. These things will be mentioned in the master lease.I have heard it being done with many other commercial properties. I wanted to ask if you have any concerns using about doing this? Is their any way to have the insurance in the lessor's name?
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?
An Order for Restitution and Abstract of Judgment was filed
An Order for Restitution and Abstract of Judgment was filed on myself and property in Los Angeles County in April, 2008. This derives from a criminal case dating back to 2007 and prior. The victim/judgment creditor and I have agreed to a final payout amount and would like to move forward to settle financially and have the abstract of judgment and/or lien removed. On the abstract of judgment there is language that reads "the victim shall file a satisfaction of judgment with the court whenever an order to pay restitution is satisfied, pursuant to penal code section 1214(d).Probation was ended about 3-4 years ago, and this was turned into a civil matter as far as I understand. I'd like to know if we have to get approved or anything with the court / probation dept since a restitution matter.The judgment creditor believes that all we need is a settlement agreement, satisfaction of judgment and release of lien. However, with the abstract of judgment and order for restitution I'm not so sure.We have agreed to use an escrow company so I can deposit the funds while the creditor files their necessary paperwork. This is holding up a refi on our property. How long will it take once the satisfaction of judgment (or whatever is required) for the lien or abstract to be removed?