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Recent Housing questions
I live with a husband/owner and wife non-owner of a house in
I live with a husband/owner and wife non-owner of a house in a shared dwelling. I realise as the wife, she is entitled to half even if she is not on deed. Husband wants me to stay (I am at-will tenant, paying rent) wife wants me to go (claiming criminal activity) and wife filed for summary ejectment (NC) This entire disagreement arose over an argument over housework that escalated with wife eventually giving husband ultimatum (me or her to leave) What could happen at hearing? Doesn't husband have any rights - on deed, only one to pay mortgage etc.
We have the following problem: We were purchasing the house
We have the following problem:We were purchasing the house in Texas. Unfortunately the documents to obtain the mortgage loan were filed later by our lender then the due date in our purchase agreement. So the loan approval was to be delayed. We created and signed an Addendum to the purchase agreement that if we will not obtain a loan approval within a week, the agreement will be canceled. The week passed by, we didn't get the approval, so the agreement was supposed to be cancelled.We signed prepared by our agent release of the earnest deposit of $5K form; however the sellers & their agent refused to sign the release of our earnest deposit.They are motivating that this cancelation has been extremely inconvenient for them since they'll have to get the house back to market, furniture was sold, etc. By the way, they already purchased another house in another state and their house in Texas was 103 days on the market before we offered for it.Again, the Addendum to our purchase agreement is extremely clear that the loan approval should be obtained by certain date. If not, the agreement is cancelled. Moreover, our lender informed us that our loan was declined all together.The sellers' agent is been extremely difficult & harassing to our lender and our agent – screaming & throwing tantrums ….Please advise what needs to be done to get the sellers and this agent sign the release so we could get our earnest deposit back.Thanks.
The 1st mortgage Bank mortgaged property when it was one
the 1st mortgage Bank mortgaged property when it was one parcel. Just got word that property can be listed for sale as two properties. One has house on it and one has barn on it. mortgage has climbed so high that even if if I sold both properties, I will have problems paying off junior mortgage holders. Can I do a short sale on house property and take the entire proceeds of the barn property to pay off junior liens? Or, if I did not satisfy the entire 1st mortgage balance, could I negotiate a percentage of the proceeds from the sale of the barn lot? The bank says I could sell the property for the lower of the two appraisals which is 740,000. The higher appraisal is 1,230,000. The mortgage is 1,250,000. The value of the house lot is 1,000,000 and the land lot is 500,000, or at least that's what it's listed for. Is bank going to re-appraise the property and demand to be paid all it's money? My argument is that I worked hard to make it 2 lots and I should not be denied the benefit. What do you think?
I had a house listed and rent a little over a year ago. Now,
I had a house listed for sale and rent a little over a year ago. Now, in the second year of renting, tenants would like to buy. Is the original listing agent entitled to the original listing commission? Is there an expiration on when he is entitled to the commission from these people he found for renting? Again, the original agent contract expired a year ago.
An elderly gentleman has been an apartment (basement) in the
An elderly gentleman has been an apartment (basement) in the Bronx NY for 16 years in a private house. Apparently someone reported this to the NYC Inspection Office who arrive the other night and insisted they had the authority to access the apartment to inspect it. Well they did, and informed the gentleman that he must vacate the dwelling immediately. That it is illegal (a fact unknown to him these past 16 years) and now he has nowhere to do. RedJA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: New York. Bronx County, NY. Does he have any recourse against this landlord?JA: Have you talked to a lawyer yet?Customer: Not yet, this just happened two nights ago. He has medical issues and a nursing service provides support to him along with a home health aide. I was hoping to get some suggestion of a direction to take this from you...JA: Anything else you think the lawyer should know?Customer: Just that this elderly man has a very limited income via SSDI, and has no funds accrued. I will likely have to assist him financially and we have to hire a packer & mover, because he has limited mobility. I would like for him to be able to recoup some funds from this Stinker Landlord who will like pull out the stove & fridge, have it reinspected, then renovate it and re-rent it for twice the current rent.
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.
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?
I live in a home in Detroit, mi Moved in at the end of
I live in a home in Detroit, mi Moved in at the end of October. I am renting and when I tried to get renters ins, I found that the landlord did not have the proper documents filed, the house was not inspected, the house is not up to code, and now that there is lead paint, as well as lead paint peeling in the basement. The city inspectors found many other violations as well. I worked with them on the others, but Pearl, I have multiple health issues and cannot allow them to expose me to paint fumes, lead dust, on top of my the fact I was just released from hospital a few weeks ago. They are trying to force me to allow them to come and remove lead paint and to repainted.JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: MichiganJA: Have you talked to a lawyer yet?Customer: I have tried, no one seems to understand the fact this is going to harm me.JA: Anything else you think the lawyer should know?Customer: They knew the house was not up to code before we rented it. She got angry because I would not get the insurance without the proper documents because if I had to file a claim it could be denied. But my health is what's concerning me right now.
I agreed to be out of(basically the house is being used toView more real estate law questions
I agreed to be out of(basically the house is being used to store my mothers stuff-no one is actually living on the property) a property that I have rented on a month to basis after new owners bought it from my mom in February and she passed in April. No contract just a verbal month to month until they found long term tenants. They have now found tenants who are willing to sign a 3 year lease and wanted me out by yesterday. I told them that now I want them to serve me notice. The question is this. I am in california and know how to work the unlawful detainer process through the courts very well and can easily stay at the propert for 9 months to a year or more. Would it be illegal for me to propose that I would be willing to move out now if they paid me X amount of money so that they don't loose the long term leasee and the costs they will incur to start and finish the legal process to evict me?