Real Estate Law

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I live in Hawaii, Maui, I purchased a house in October 2012
Hello, I live in Hawaii, Maui, I purchased a house in October 2012 for 625,000. I put down 200,000. dollars and agreed to a 5% loan, 15 years( carried by the previous owner). We went through a title a… read more
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I purchased a home with Owner financing in December 2011 and
I purchased a home with Owner financing in December 2011 and am trying to refinance with a bank to get a lower rate. I just found that the seller holding the note put a 10 year prepayment penalty equa… read more
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Loan docs (refinance) say no prepayment penalty, but also That I will NOT be entitled to a refund of PART of the refinance charge. I can not get a straight answer from my lender--- what does that mean… read more
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I took out a mortgage loan in 2007. It was a 2nd mortgage loan
I took out a mortgage loan in 2007. It was a 2nd mortgage loan for 30 yrs, I discovered it had a balloon payment after 15 yrs. The rate is 7.5 % 33000 is the total loan.Countrywide loans was the provi… read more
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I have a real estate loan in Georgia on a large number of agricultural
I have a real estate loan in Georgia on a large number of agricultural acres which was taken out in 2009. I am refinancing the current loan (which is with a national bank in the United States). There … read more
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Hi, I refinanced my house in Fairfax, CA with BofA in 2005
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I was planning for a refinance of a business property. So,
I was planning for a refinance of a business property. So, I asked for a payoff info from BoA, which I received in October. There were principle and interest, but no prepayment penalty. Refinancing le… read more
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In Illinois the prepayment penalty on a mortgage can not exceed
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I havent received the paperwork yet, but have been offered
I haven't received the paperwork yet, but have been offered the following by Aurora Bank Svc's: Rolling arrears back into a 40 vs. 30yr mortgage at 3.75% vs. 5.75%, dropping my payment by a whopping $… read more
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I live in CA. My home was purchased in 2004 for 475k with an
I live in CA. My home was purchased in 2004 for 475k with an 80\20 purchase loan. I refinanced in 2005 at 521k with an 80\20 to pull out some equity & to pay a prepayment penalty. I then refinanced ag… read more
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If I refinance my mortgage with the HAP -with no money out-,can
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I have a commercial loan from US bank, Loan officer screwed
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We are refinancing our home and receiving $60,000.00 cash.
We are refinancing our home and receiving $60,000.00 cash. The mortage company said that we have to send a letter stating that we will not sell the house for 12 months. They said that it is a Fannie M… read more
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In November, 2007, we had a 5 year arm - it was just at the
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If I am current with my mortgage and have an opportunity to
If I am current with my mortgage and have an opportunity to refinance at a lower rate but have a prepayment penalty that would tack on an additional $14,000 on to my loan and make the new loan not mak… read more
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If the amount that has to be paid as a prepayment penalty under
If the amount that has to be paid as a prepayment penalty under an "interest yield maintenance" provision of a real estate loan is uneasonable relative to the balance of the loan being paid off (about… read more
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hi i live in philadelphia.,pa and i refinanced in Oct ...
hi i live in philadelphia.,pa and i refinanced in Oct ''06 with a 2 year adjustable rate mortgage with a prepayment penalty if i refinance before the 2 years i''m now in the process of refinancing but… read more
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My husband and i recently mortgaged the home we live in to buy another piece of property. We called the mortgage co. and told them our intentions, the loan officer told us to go ahead and put earnest … read more
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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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