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Recent Land lot questions
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?
Can I claim land that was designated as a proposed street in
Can I claim land that was designated as a proposed street in a plat filed more than 30 years ago?I own 9 contiguous lots in a rural area. The lots are arranged in a roughly square shape totaling 17.78 acres. The property was subdivided more than 30 years ago, and was initially owned by a woman who rode horses on the land. I bought the 9 lots from her in 1999 and immediately constructed a sturdy field fence around the perimeter, in order to move my goat raising operation from another ranch.On the plat, there is a proposed street/cul-de-sac that juts into the middle of the property about 300 feet to provide access to 5 of the lots (all owned by me). When I built the fence around the land back in 1999, I ran the fence line straight across the entrance of the proposed street, closing it off to the connecting street, and including the area as grazing pasture with my other lots. All my land/lots surrounding the proposed street are zoned for agricultural use.Is it possible for me to incorporate this 2/3 acre of land into my holdings? I have no plans to develop the land, therefore the proposed street is not going to be needed any time soon.
OK...I own a mobile home and I am currently living in it,
OK...I own a mobile home and I am currently living in it, and all taxes are paid up to date. I rent the land lot it is on and its a private lot. After dealing with the family I bought the trailer from for years with no receipts or contracts, a guy shows up with paperwork saying he is the actual landowner and claims I am six months behind on my landlot rent. After making a few double-payments just to satisfy him, he still claims I am behind and sells the land, and claims I have 30 days to move the trailer. At this point I have seen no paperwork,talked to noone and there's no reason for me to believe the land has actually been sold. I can't afford to move the trailer and by Georgia law, I don't think I can cross county lines with it. I hate to move and I'm just curious what my next step should be...
My LLC is the grantee in a corrective deed - should I have
My LLC is the grantee in a corrective deed - should I have my name listed as organizer and member manager in the corrective version and if so how should it be written ( grantee ABC LLC, a GA domiciled LLC, John Doe as organizer, member manager)?
Good morning and thank you for lending assistance to a situation,
Good morning and thank you for lending assistance to a situation, unique in nature, but assuredly bazaar by what is happening in a 55+ Retirement Mobile Home community here in Arizona. The Michigan based corporation has 60 plus communities around the U.S. in which this is one. Each community has a resident manager to govern day to day policy and procedures, but this particular community has a RESIDENT (a couple) who have taken over the entire community bypassing the onsite manager and their actions and decisions endorsed by corporate, the General Manager in Michigan to be authorized.Every homeowner / resident must sign a contract that every home sold that clearly states that the condition of each mobile home is AS IS / WHERE IS. Where the issue comes to challenge is that this RESIDENT (man and wife) will over ride this contractual clause if they (homeowners) will give them their support to rule the community and upgrade the home at no cost to them, and if endorsed, corporate will agree and pay the funds, leaving all other residents that do not support them without this possibility. Homeowners are not sure why corporate should support such a couple, not sure why there are conditions of (resident support) to qualify, but since this is a low income senior park, there are many who could use upgrades but otherwise due to income restrictions, cannot afford it, so in this sense, they are forced to support this man and wife team who have no other goal in life but to take over the entire 320 unit complex and backed by Corporate. My question is, are there any laws broken here that could be actionable against the Corporation for allowing these two residents such power over the community? My name is XXXXX XXXXX you.
I live in a subdivision in WA that has a Home Owners Association.
I live in a subdivision in WA that has a Home Owner's Association. Our road is private and gated and the HOA pays for maintenance of the road and gate. There is a wooded and undeveloped lot (I'll call it lot B) at the end of our subdivision that is not part of our subdivision, nor is it included in our HOA. This lot was originally part of a much bigger lot (I'll call it lot A) that had an easement for ingress and egress. (Our plat map specifically identifies lot A as the beneficiary of the easement) We just learned that lot B sold and the new owners intend to use the easement that was identified originally for lot A to gain access to the cul-de-sac at the end our private road. This means they would also use our road and our gate. My questions are:1) Is the easement still valid if the title specifies "Lot A" as the easement holder and it is now lot B who wants to use it?2) Can that fact that we put a gate up over 7 years ago and the easement owner did not protest show that the easement was abandoned?3) If all else fails, can we make them join our HOA and pay for upkeep of the road and gate as well as follow HOA CC&R's?
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Doctor of Law w/ highest honors
I bought land lots that were to be developed by a developer
I bought land lots that were to be developed by a developer in 2006 in Oak Ridge, Tennessee. I still cannot get a permit to build on these lots because, as promised in the contract to buy these lots, I do not have completed roadways, electric, etc. Supposedly, the original developer was foreclosed on by a new owner that bought the original developer's bank note. Now the new HOA is sending me to collections because I have not paid the HOA dues. I have not paid the dues, because I still don't have a lot that can be built on as promised almost 8 years ago. My question is, am I liable for HOA dues on lots that still cannot be built on (confirmed by the city), as promised in the contract when I purchased the lots? Taxes are current as are mortgages.
My corporation is been dissolve, im 100 percent stock holderView more real estate law questions
My corporation is been dissolve, i'm 100 percent stock holder and president, under the corporation name there is still a rural land lot that i will transfer to my name, about this lot it is selling on payments for a "Agreement for Deed" i do need to notified the buyer about the changes, Do i need to send the buyer a new Agreement for deed signed by me for the balance that still owe