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I signed a quit claim deed in a divorce settlement. The

I signed a quit claim deed in a divorce settlement. The judgement at final decree was that my ex would assume responsibility and "hold harmless'" on all expenses associated with the property. My name, however, is still on the mortgage and credit line (charged off) associated with the real estate. I am, and have been receiving collection calls associated with the credit line that has a balance of approximately $16000. My ex probably cannot get refinanced due to her credit status. How can I protect my income and bank account and credit from further actions associated with these mortgage instruments? How can I release myself from liability?

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Loren

Juris Doctor

37,188 satisfied customers
I would like to help my daughter buy a new house. I can

I would like to help my daughter buy a new house. I can contribute 300,000 towards her down payment. Do I need to be on the deed with her so it is not considered a gift and subject to 40% gift tax? Another option is I pay off her balance on her current home so she has a free and clear home to use as a rental. That amount would be $197,000. Would I have to pay any gift taxes on that amount??

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Loren

Juris Doctor

37,188 satisfied customers
I am the seller in a transaction that was originally

I am the seller in a transaction that was originally scheduled to close on 1 September but was delayed, via addendum, until 23 September. The buyer closed on or about 16 September but I just signed on 27 September due to multiple (five) incorrect HUD statements submitted by the title company. I signed and sent a cashier's check to cover the amount owed but was just contacted today and told that I owe an additional $2k. 1) Given we are beyond the addendum end date, am I liable for this $2k? 2) will the title company have to return my $5.5k that I sent via cashier's check?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,238 satisfied customers
Our home went into foreclosure in May 2010. We also had a

Our home went into foreclosure in May 2010. We also had a second mortgage. Are we still under obligation to pay on the second mortgage.

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Ray

Lawyer

Doctoral Degree

35,888 satisfied customers
I am looking to purchase property in Louisiana. The seller

I am looking to purchase property in Louisiana. The seller wants to include, in the purchase agreement, the stipulation that if i was ever to sell the property that i would have to sell it back to her or her immediate family. Is there any issue with including this in the agreement? If not, what is the proper terminology to use?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,238 satisfied customers
I entered a purchase contract with Centex (Pulte) several

I entered a purchase contract with Centex (Pulte) several weeks ago in North Port , FL. They strongly recommended Pulte Mortgage. I agreed. They have been disorganized, non responsive, evasive, and refuse to use my full income (including muni bonds) to qualify me for a loan. My net worth exceeds 1 million with just 78K of debt. Total purchase was 216K. Now I've had enough. BUT....they have the full 20% deposit of 44K. I want out.....Can I get my money back? Research shows these people do not refund. Thank you *****

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Damien Bosco

Attorney

Doctoral Degree

3,116 satisfied customers
MY WIFE (74) LIVES IN VT. IN A CONDO IN BOTH OUR NAMES.

MY WIFE (74) LIVES IN VT. IN A CONDO IN BOTH OUR NAMES. (VALUE $90K, MTG. $60). MY BROTHER (55) AND I (72) LIVE IN PA. WE WANT TO PUT MY BROTHER ON THE TITLE WITH THE AIM OF AIM OF SIMPLIFYING ESTATE PLANNING AND AS SECURITY FOR A LOAN ($5K) HE MADE TO US. THE CONDO WILL BE SOLD AT MY WIFE'S DEATH OR LEAVING (TO GO TO A NURSING HOME OR WHATEVER.) MY BROTHER DOES NOT NEED MONEY AND WE TRUST HIM IMPLICITELY........... ASIDE FROM LOGISTICS, WHAT ARE THE PROS AND CONS, RAMIFICATIONS OF SUCH AN ARRANGEMENT? PS. WHAT TIME ZONE ARE YOU IN?JA: Since estate law varies from place to place, can you tell me what state this is in?Customer: SEE ABOVEJA: Has any paperwork been filed?Customer: NOJA: Got it. Anything else you want the Real Estate Lawyer to know before I setup your one-on-one?Customer: NO

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,238 satisfied customers
Requesting Ely answer what type of contract I will need for

Requesting Ely answer what type of contract I will need for Joint te***** *****ving arrangement for two years, with him being responsible for Mortgage, taxes, insurance and any major repairs to house and property for that time frame. He stated A contract CAN be made specifically to discuss who pays WHAT exactly, however. You can request me in a new thread if you'd like an example of a contract like this.

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Ely

Counselor at Law

Juris Doctor

64,594 satisfied customers
Are you familiar with Lender Licensing laws, Ok, I have

Good afternoon. Are you familiar with Lender Licensing lawsJA: No. I'm the Real Estate Lawyer's Assistant.Customer: OkJA: Where is the property located?Customer: I have property in several statesJA: Has any paperwork been filed?Customer: Not as of yet. I'm curious if I even need to become licensed as a lender as we are doing contract for deed transactions on properties we ownJA: Anything else you want the lawyer to know before I connect you?Customer: No ma'am

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Legalease

Attorney At Law

Doctor of Law w/ highest honors

15,044 satisfied customers
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