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Purchased home from nton Mortgage thru Banner Bank Sept 1986
Purchased home from Hinton Mortgage thru Banner Bank Sept 1986 orig loan 60,619.00 30yr 9.5% fixed rate FHA loan. Husband lost Job, got behind on payment. HUD took over loan in 1992. Made payments to Hud for aprox 4yrs. Loan was sold or given to Ocwen Federal Loan servicing 03/01/1996. Maturity date 08/01/16. Rec'd Balloon Letter in March of this yr. saying payment due in full on maturity will not accepts payment after that time. Requested pay off quote they are saying we still owe $44K. Loan amount turned over to Owen looks like $60,619.00 the total amount of the Loan??. 20 yrs later I owe $44K, where is the credit for the 10yrs of payment made prior to Ocwen (between Hinton Mortgage and HUD). If the balance turned over was incorrect, the application of principal and interest incorrect for 20 yrs is also incorrect. Rec'd amortization schedule from Ocwen in 1996. They are not following their own schedule. I have copy of Deed and Trust between HUD and Ocwen, I have paper work from Hinton Mortgage, I have an annual tax-loan/Escrow statement from HUD dated 01/07/92 -12/3192 showing I paid $7,217.33 in interest nd $1,142.15 in tax. I am current on my loan payments. I look forward to paying off loan, but we do no owe $44K. A few yrs ago Ocwen said we were current on our principal and no longer needed to be on their Forbearance plan. They adjusted my payment from $735.00 a month to 705.00. When asked if he adjustment was enough to pay off loan at maturity, they said it would pay every thing except arrearage in the amount of aprox $9K (owe less than now) . I feel Ocwen is trying to steal our home by saying we owe $44K. I have not rec'd statements from Ocwen in yrs, although requested never rec'd. I do have payment history from Ocwen dating back to 03/01/96 - 06/15/96, it is not a running total and the report is hard to read. Can you firm help me?JA: Since estate law varies from place to place, can you tell me what state this is in?Customer: Dallas TXJA: Have you talked to a lawyer yet?Customer: Most represent Ocwen. Some feel because my house is not in foreclosure, the case is light. And others are way out of our price rangeJA: Anything else you think the lawyer should know?Customer: We filed Bankruptcy about 5 or six years ago included Ocwen, but continued to make our mortgage payment. Ocwen said the Bankruptcy has been dischargedJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Real Estate Lawyer about your situation and then connect you two.
We've been JTWRS co-owners in my parent's home yrs.
We've been JTWRS co-owners in my parent's home for 28 yrs. after helping them purchase the home with our initial investment of $40k. They want to include the home in their trust assuring us a min. inheritance of 100k and dividing the remaining proceeds among my 3 siblings as their inheritance. We don't feel this is fair and are concerned about taxes all the way around. They are concerned about losing the home if one or both need long term care someday. I insist they can't be forced to sell the home as long as we're JTWRS and will survive the applicable look back period. Can they include the home in the trust (with us still as JTWRS) without us signing a quit claim deed turning the property over to the trust?
Dear Attorney, Can you please tel me the setback distance
Dear Attorney,Can you please tel me the setback distance for a attached town home was in 2003?(From the attached side and back side of the property line.)The property is located in Clark County NV.Thank you very much!Wei Chen-Goldman
We have a condo in Culver City, CA, the tenant who was
Good Morning. We have a condo in Culver City, CA, the tenant who was living there recently moved out. After we paid the full deposit back to her, our agent found 5 important letters sent from tax collector, which addressed to us. The tenant did not forward important letters to us,nor informed our property manager. Simply she neglected them. The letters were property tax bills and since we were never aware of them, now we have a significant penalty to pay.A USPS forwarding service was actually established but these letters were for some reason not forwarded to our new address.Any legal action we could take against the tenant for not informing us about these letters???
Several years ago we sold our farm in eastern Colorado. When
Several years ago we sold our farm in eastern Colorado. When we sold it we retained the air rights, in case there was the potential that air farms would be developed. In the contract it states that if the person who bought the farm eventually sold it, the air rights would remain with us.I was recently contacted by the person who bought the property from us. He states he plans to sell the property to someone else; however, they will only purchase it if they can obtain the wind rights. It was then explained to me that in Colorado you cannot own the wind rights if you do not own the land; therefore, we will not be able keep them. I was told that if this went to court the part of the contract about the wind rights would be “thrown out”.What are the laws in Colorado about wind rights and is what I am being told correct?
I just recently sign a quick deed on my home to my
I just recently sign a quick deed on my home to my girlfriend mom .I bought the house for like 2 years now and I'm the only person on the Morgage loan. The reason why I sign the deed is because I lost my job and was worry I couldn't make the Morgage payment on time . So my girlfriend suggest me to sign the quick deed to her mom so that way her mom would willing to help us with the Morgage payment .I didn't really read the quick deed throughly but sign it anyways because I trusted my girlfriend.One month later I got a job from out of state I took it and move there ,now I'm able to make the Morgage payment .Now I found out she don't want to be with me and don't want me to come back home. She already made other plans all alone. My concern is do she really have the right to kick me out of my own home. I Been paying for the Morgage for two year now and her mom just been paying for one month.I didn't want to give up my home at the first place. What are my right. What can I do after I already sign the deed. They didn't force me to sign . I just got false agreement . If I knew she going to plan this I would never sign the deed. There was no money involved when I sign the deed.What can I do please help me.Thank you
I am in the process of refinancing my 1920-era home withView more real estate law questions
I am in the process of refinancing my 1920-era home with cash out. The proceeds will go to improvements, ones that affect the value of my home. The front porch is in disrepair. The siding with peeling lead paint needs to replaced, among other things. (These issues appeared in one season.) Any lender would want an appraisal. I am terrified of an appraisal. Comparable homes in my neighborhood are selling for what I think it is worth. But these homes need no major work and have lovely curb appeal. My home looks, well, sad and neglected. The interior is excellent though.How much would the condition of my home as described affect an appraisal?Another thing, since the discovery of peeling exterior paint, my 2-year-old and I have been staying elsewhere. A friend is occupying my home, as I do not want it vacant and he will not chew on lead paint chips. One lender told me that if I am not currently residing in my home, it is considered an "investment property," and a higher interest rate would apply. Cash-out would not be an option either. Is this true? We plan to move back in a week or two after close (after the contractor is paid and takes care of the lead).Is it wise to apply for a HELOC in case the cash-out refi does not work out?
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