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I'm hoping someone could help me with this question We are

Hi thereI'm hoping someone could help me with this questionWe are in the mist of selling a portion of our proberty 65' which leaves us around 155' of backyard. There are two proberties that the developer wants to build on ours and are neighbours. Today we went to the royal bank to see if we could get a release form for the buyer apparently our lawyer said we did not have to do this however the buyer said he has to have the release paper. We went to the bank where the person who we saw did not know what to do so he contacted his head office where they told him we would have to have an appraisal done on the proberty which would be around 500.00 then she also told him that we would also need to fill out a full credit application which got my husband very upset why would we have to fill out an application form since we are not applying for credit the person could not tell us why. It's not like we owe a lot on our mortgage we only owe 110,000.00on it and are receiving 100,000.00 for the proberty. Why can't they just give us a release form? It's bad enough that we have too dish out 500 for an appraiser. Any feedback would be greatly appreciated thank you Linda Gerus

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Roger

Litigation Attorney

Doctoral Degree

33,410 satisfied customers
Richard Only) Richard it's Jeannette again. Do you work as a

Richard Only) Richard it's Jeannette again. Do you work as a licensed real estate attorney? I ask because you are familiar with my situation and I need a conveyance document written under contract of a real estate attorney without having to pay a retainer fee. Please let me know soon. Thanks Jeannette

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Richard

Owner

Doctoral Degree

46,606 satisfied customers
I own a lot in a subdivision and one of the boundaries

I own a lot in a subdivision and one of the boundaries between lots is a creek which is moving gradually. The Subdivision Plat calls the centerline of the creek with bearings and distances. Does the boundary of my lot move with the creek or is it fixed by the bearings & distances?JA: Because laws vary from state to state, could you tell me what state is this in?Customer: OregonJA: Have you talked to a lawyer yet?Customer: No, a surveyor.JA: Anything else you think the lawyer should know?Customer: The surveyor is researching this but I would like your opinion.

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Attyadvisor

Doctoral Degree

6,828 satisfied customers
Wife have been separated for 30 years but never divorced.

Hi, Wife have been separated for 30 years but never divorced. I'm neither on the deed or the mortgage of the house we bought together back then. She is about to go into foreclosure or possibly short sale. Can the bank come after me in any way? I have since bought a house on my own and currently have a 401k. We're in New Jersey and thank you

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Ely

Counselor at Law

Juris Doctor

63,644 satisfied customers
My husband and I settled on an office condo in 2007 where I

My husband and I settled on an office condo in 2007 where I opened a hair salon. The business was open for nine years and we could no longer afford to keep the doors open. So we closed the business and moved to a shopping center. The bank tells us that we signed the contract and are personally responsible for the debit. My husband, myself and the LLC are all listed as guarantors. Does this mean we personally are responsible for the mortgage?

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CalAttorney2

Attorney

Doctoral Degree

19,342 satisfied customers
My mother recently passed away; however, her home has been

My mother recently passed away; however, her home has been in my brothers name since 1999. She always kept home insurance in her name. My mother remarried and her husband is still in the house but knows he has to move because my mother wanted her house sold when she passed. Her husband has continued the home policy but has change it from my mothers name to his name. If something happens to the home, who collects,the person on the title of the home or the person on the policy?

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Ely

Counselor at Law

Juris Doctor

63,644 satisfied customers
Do mortgage companies have a legal obligation to report 30

Do mortgage companies have a legal obligation to report 30 days late to credit bureaus and are not allowed to remove a late report if the circumstances are reviewed and the late payment was found to be not at fault of the borrower (but still late)?? In other words, do mortgage companies have no autonomy over whether a late report may be removed from the credit bureaus?

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Ely

Counselor at Law

Juris Doctor

63,644 satisfied customers
My xboyfriend and i own a ct condo on the market for sale 2

My xboyfriend and i own a ct condo on the market for sale 2 yrs now. We assume high fees are reason for not selling along w/ yrly assessments, many rentals. We want to leave the property as no money will be made if sold and we will owe bal of mortgage. Unit appraised at $119k i believe, mortgage is currently $110k. On the market for $99k now. What is the best way for us to back out re tax ramifications? Short sale, foreclosure, deed in lieu? And do we just leave and the bank notifies us separately?

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Ely

Counselor at Law

Juris Doctor

63,644 satisfied customers
My boyfriend and I are separating. I hold the mortgage on

My boyfriend and I are separating. I hold the mortgage on the home, but he is on the deed. He has told me that he can get a loan for the full purchase price of the home. I originaly paid 124,000. The payoff is 101,000. He brought home a "Contract for Sale of Real Estate," for me to sign. He says that signing this contract clears me of the deed, and allows his loan company to move forward. What do you think?

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Phillips Esq.

Attorney

Juris Doctor

17,858 satisfied customers
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