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For socrateaser to answer. other attorneys do not reply. Can

for socrateaser to answer. other attorneys do not reply. Can you also comment on exception 1, 4 and 5 on page 4. Does it mean that we are not protected against easement issues. Does it also men that we are not protected against not-collected property taxes, easements, and against issues with deed for $340,000 issued on 8/12/2012?

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We sold our house through a real estate agent; the sale

We sold our house through a real estate agent; the sale closed in July. We then went through the same agent to buy a condo. We closed escrow early September. We started renting a condo in late July and signed a 1-yr. contract. However, our agent told us she would find another renter for the rental. But that has not happened. We are moving to our new condo October 1st. Can we just tell the agent to keep the 1st month's rent and be done w/ the contract without paying anymore rent?

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Marsha411JD

Doctoral Degree

18,946 satisfied customers
I recently saved A house from foreclosure in a very

I recently saved A house from foreclosure in a very expensive Chapter 11 bankruptcy. I had no problem debt other than the loan on a rental property on which arrears had accumulated. I'd been told the arrears would be rolled into the modified loan I was applying for under Making Home Affordable's HAMP 1 program. I had re-applied for 6 years, always with Bank of America, or the loan servicer to which BofA had handed the loan off in Year 4, requiring new copies of out-dated documents. I was not rejected until the new loan servicer said in Year 5 that my income was inadequate. They had determined it to be about half what it really is.I hired a lawyer, and he got them up to 80% of my real income, which they also rejected, and then finally, he got them to verify my entire gross monthly income of slightly over $10,000/month. In an exquisite Catch-22, they then declined my application for inadequate income, but a later explanation made me question that. They set a foreclosure sale date and managed to arrange things so that I didn't know I had thirty days to appeal. (I can fault my lawyer here. He knew, but didn't think to tell me. They had informed him by telephone, which was improper, and which meant that there was no letter he could forward to me.) I immediately complained to CFPB. I said that the process had been artificially delayed so that my arrears became too great for HAMP 1.The loan servicer responded to CFPB's request that they address my concerns. They repeated that my income was inadequate. To demonstrate that, they showed how they had calculated the allowable arrears, which is not derived from my income. The real reason they declined my application was excessive arrears. They found that they were not allowed to put enough of the current amount owed into the forbearance/balloon to yield a balance that HAMP 1 said I could afford. Well, they should not have been so helpful, because whoever wrote the unsigned letter revealed that they were doing the calculation wrong. HAMP 1 said they could put 30% of the capitalized unpaid principle balance into forbearance, but they had calculated 30% of my original balance (the one I had when I began applying for HAMP 1). That made a big difference, because by then my arrears were nearly half the size of the original balance. They also didn't do the last part of the HAMP process, which was to extend the loan term, if necessary, to create smaller payments (and incidentally much higher amounts paid over the life of the loan). I became curious about this, wondering if this had only been done in my case. Data from the US Treasury showed that this loan servicer had the very lowest HAMP approval rate of all the servicers they tracked. They approved only 12% of HAMP applications. I then found data on Bank of New York Mellon's investor site that showed that any loans they did modify were modified without any adjustment to the loan term. The 2006 tranches all had maturity dates in 2036, the 2007s in 2037, etc. Unless they calculated my allowable forbearance by hand, I assume that they did it wrong for all borrowers, because it would have been built into whatever software they used to determine the net present value of a modified versus unmodified loan.If a fraud examiner were brought into a class action suit against this loan servicer, do you think she or he would find some nicely smoking firearms? Are you familiar with any litigation over matters like these that would supply optimism for a borrower like me? I went through far more than was necessary to get my interest rate dropped from 6.375% to 4%. I couldn't re-fi in 2012 or 2013 because my inflated balance was still too high, and by then the arrears were sky high, too.Additional atrocities attached. The long and short of it is that my HAMP applications were not handled honestly, which I think amounts to fraud. Do you?

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For installment contract closing, do I give copies of the

For installment contract closing, do I give copies of the warranty deed that is held in escrow by me to buyer?Also what type of bill of sale is given? Does buyer technically own the property today??

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Attyadvisor

Doctoral Degree

7,094 satisfied customers
I was approved for a loan 1 week ago, I got closing

I was approved for a loan 1 week ago, I got closing document, my lender should have sent loan docs to escrow on Friday and they are now not giving a deadline to send over loan docs, I sold my condo, I was suppose to be out last week on Friday, originally I should have closed on 9/13 and been able to move on 9/16, my lender is just silent telling me they can't give me a date to send loan docs, do I have any recourse? I have now had to pay $700 to rent back another week, but have to be out by Friday so I am going to have to move all my items into storageJA: Because laws vary from place to place, can you tell me what state the property is in?Customer: CAJA: Has any paperwork been filed?Customer: paperworkd filed??? no I need to sign my loan docs so they can record the purchase my loan is approve, but they are just not sending the loan docs to escrowJA: Anything else you want the lawyer to know before I connect you?Customer: nope that is it great

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MIAMILAW1127

Partner

Juris Doctorate

1,484 satisfied customers
I'm in the process of closing a commercial escrow deal but

I'm in the process of closing a commercial escrow deal but have not seen any docs regarding the business (tax clearance, liens, etc). Also, the verbal agreement for the fees has now changed and was not originally documented. What is my option?I was forced to release 75% of the deposit to the seller. Can I still cancel the transaction at this stage and not have penalties applied?

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Ely

Counselor at Law

Juris Doctor

64,410 satisfied customers
I recently purchased a vacation rental property in Orlando.

I recently purchased a vacation rental property in Orlando. At the close of escrow the previous owner transferred the domain name for the website of the property to me. However the owner still has a Facebook business page dedicated to this property, which uses the same name, and is full of pictures of the property (that she no longer owns) and has her contact information all over it. I have asked her to remove the Facebook page to enable me to advertize the property with my own page, but she has refused, for no apparent reason. She did add a statement onto her page stating that she no longer owns the property, but has still left the page up full of pictures and her contact information. Now when someone does a search for MY property on Facebook, two pages come up, mine and hers and both show the same property, which is obviously confusing and could potentially cost me lost bookings (the previous owner still owns the property next door and is obviously trying to steer business to her own property via this page. I do not feel she should be allowed to do this. I have tried to go through Facebook's help sections and forums to find answers but it's impossible and they do not have manned customer service, so I will never get an answer from them. Grateful for some guidance on this.Thank you

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RealEstateAnswer

Juris Doctor

30,384 satisfied customers
In April, 2013; I purchased a condo inside a Planned Unit

In April, 2013; I purchased a condo inside a Planned Unit Development (an over 55 Seniors Community in Camarillo, CA). An association (HOA) happens to be involved with this community. When I first purchased this condo (in 2013) the CC&Rs (by-laws) of the Association did NOT reference anything regarding "home improvements" the owner must do at time of sale. In late April, 2016; I had this condo listed on the "for-sale" market. At that time,, the Association contacted me and mandated various exterior construction improvements I (home owner and seller) MUST accomplish at the time of sale. The association stated that in event I do NOT execute these various exterior construction improvements, that they (the HOA) reserved right to withhold funds (up to $10,000) from Escrow, and the net payout to myself. The HOA stated that this was an amendment incorporated into their CC&Rs,, as of January, 2015 (after I purchased the condo). I was ultimately forced to spend approximately $6,000 out of pocket to tend to these exterior construction upgrades. My new buyer was NOT willing to share the costs with me,, and neither were any of my neighbors on either side. My question is this: As it appears rather obvious that the purpose of these (mandated) construction upgrades were to benefit the community overall,, and NOT necessarily (solely) my condo-unit sold, shouldn't the Community Association have been the source,, paying for these expenses (and out of their own funds), instead of myself,, the one selling my own home? After all, I would think our typical monthly dues paid (which is well over $400) would go towards things such as this project the Association was mandating I have done. Will appreciate any kind of advice. Gary ***@******.***

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We are financing a solar electric project through the PACE

We are financing a solar electric project through the PACE program in Broward county Florida. Quicken Loans my mortgage company said I could face tax problems down the road. What are the tax problems and how can I avoid them.

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Maverick

Doctoral Degree

6,780 satisfied customers
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