I am starting the 4th month of a 2yr lease in a New York
I am starting the 4th month of a 2yr lease in a New York City apartment I leased with a private owner through a broker. I agreed to pay the first 3 months and the last 3 months of rent in advance. September 1 is the start of the 4th month but I have been unable to contact the owner through email or through the real estate broker regarding where to send the rent check. I am concerned that the owner may be in default and wonder#1 what is my status as a tenant if the mortgage lender takes back the property?#2 To whom if anyone should I be sending a rent check (no address is specified in the rental agreement)?#3 At what point would I be at risk for paying a $500 monthy late fee?#4 what will be the status of the final last 3 months of rent I paid in advance if the lender does indeed reposess the property?
Attorney At Law
Doctor of Law w/ highest honors
I received a summons in the mail for a foreclosed property.
I received a summons in the mail for a foreclosed property. I was never an owner of the property. It belonged to my ex husband, who has owner the house since 2004. We were divorced in 2006. His signature is the only one on the documents attached to the summons. I do not know why they are coming after me.
I won a foreclosed property at an auction and the purchase
Hi, I won a foreclosed property at an auction and the purchase agreement was signed in my name. Due to issues, I need to close on the property under my LLC, since this is a requirement by my hard money lender. The deed has been issued in my name already, and the seller won't allow for a addendum to the purchase agreement under my LLC.My question is how can I close using my LLC to satisfy the hard money lender?
My house has been in foreclosure since 2012. We have
My house has been in foreclosure since 2012. We have horrible terms and an excessively large balloon payment, which was brought on by a refinance to clear up my boyfriend's credit card debt. The mortgage is in his name, but both of our names appear on the deed.I lost my job, which was allowing us to pay our new mortgage payment of $4500/month, up from $2200/month. I was on severance for 6 months, then unemployment, but unable to find work. I was doing freelance work and was barely able to stay afloat. During this time, we split up and I found a small apt to live in - but eventually couldn't afford that, lost my car to repossession and moved in with two roommates. After two years, my boyfriend and I got back together. I am living in the foreclosed property. During this time he made no payments and said that a loan modification was not an option. I am not sure if he actually went through the motions to get one, but based on his salary probably could not have qualified for one.I am working full time at a non-profit and making about half of what I used to earn. Between his salary and mine, we could make a $2500/month payment. We hired an attorney who says there is nothing more to be done. I read about people being able to stay in their homes until they are ready to move. I just need time to find a place to live that I can afford. Today I opened my mail to find a Notice of Summary Judgement and if I am reading this correctly, we have to appear in court on August 25th and fight this, or the judge can find for the bank and allow them to immediately advise the court clerk to have me removed from the property, so it can be sold at auction.Is there any hope at all here? The bot***** *****ne is while I am named in the suit, it is because my name is ***** ***** deed. My boyfriend's name is ***** ***** mortgage, so he has all of the downside of the foreclosure on his credit etc. I hear about programs, but he thinks its not worth looking into.
How to get my ownership of neighborhood common area? Back 3
How to get my ownership of neighborhood common area?Back 3 years ago, I purchased my house through bank foreclosure. In my neighborhood, there are 10 families (means 10 lots) plus one common lot. All houses were built around this common lot. The common lot number is ***** All 10 families response for paying tax and maintenance this common lot. Our neighborhood does not have formal home association, but we do have agreement for all 10 families to pay the fees for all expenses (tax, cut grass, etc.). This agreement was recorded back many years ago.All 10 families owned 1/10th of this common lot (lot-11). From county tax record, 10 families are the owners for this common lot.When I purchased my house (lot 3), title of this 1/10th common lot did not come with my house (lot 3). I was told that the deed of trust previous owner had does not include this 1/10th of common lot. I paid all fees and performed my duty to be of home owner in my neighborhood in past 3 years.Now I am selling my house, the next buyer wants 1/10th common lot title. I have tried to get previous owner help to write Quitclaim deed for the 1/10th common lot, but they refused to do so.Is there another way I can get this 1/10th common lot title?
Attorney At Law
Doctor of Law w/ highest honors
Some years ago my lender offered me a short payoff not a
Some years ago my lender offered me a short payoff not a short sale. A short payoff where I would make an offer on my property and they would decide if they would accept it or not. If they accepted it then I would have to verify I have the funds and they would collect payment and release my title. At the time I didn't have the money however my question is why would a lender even suggest that as an option. Is this common practice? I must admit I was significantly behind on my mortgage.
Whether it be from an apartment eviction or a foreclosure
Whether it be from an apartment eviction or a foreclosure eviction. Can your property be thrown either in the street or taken to the dump on the day of the eviction? Do you have a period of time to retrieve your property? Or is it placed in some type of storage for a set period before thrown away or auctioned?