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I hold a note on a property. I inherited the note from my
I hold a note on a property. I inherited the note from my grandfather when he passed away. The person that owes the note wants to pay it off in full early. I have already determined his cash pay off b… read more
Richard
Richard
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We have multiple hotels and each one I've noticed has only
We have multiple hotels and each one I've noticed has only one of the owners on the actual deed and the other owners and their LLC on the franchise contracts for the hotel. Wouldn't this mean that the… read more
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Lori
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We want to change the name of the entity (to another entity)
We want to change the name of the entity (to another entity) that holds an owner financed note. How do we do this?… read more
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My property in Georgia is offered with Owner Financing.
My property in Georgia is offered for sale with Owner Financing. When the transfer is complete, the seller signs a warranty deed and the buyer signs a security deed with intent to pay the balance to t… read more
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I have signed a purchase with option agreement on 3 mobile
I have signed a purchase with option agreement on 3 mobile homes, a promissory note for the price of $294,000 with the mobile homes as collateral. The titles stayed in the original owners names. I wan… read more
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Qi owner financed my home in Florida and she has missed
Qi owner financed my home in Florida and she has missed several payments. How do I start foreclosure? Do I have to sell at auction after?… read more
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I am selling a residential vacant lot myself. Buyer is
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After falling behind in taxes, a municipality in Maine issued
After falling behind in taxes, a municipality in Maine issued a tax lien on a property. When the taxes were paid, they issued a quit claim deed stating they were relinquishing any interest in the prop… read more
Barrister
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Since the building is purchased as an LLC is there a special
Since the building is purchased as an LLC is there a special quit claim deed I need to form. We filled out paperwork that stated that we would be personally responsible for the loan.… read more
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I am selling my condo to my son. The sale price is 51,500 with
I am selling my condo to my son. The sale price is 51,500 with 6000 down. That part is simple. The remaining terms will be as follows. Remaining balance is to be paid to his retirement fund. After he … read more
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I am involved in a real estate transaction to purchase a credit
I am involved in a real estate transaction to purchase a credit line secured by real property. In 1998 a credit union issued a second mortgage. They assigned the debt to John Doe Investments in 2002. … read more
Law Pro
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I was given a full release deed of trust from my previous mortgage
I was given a full release deed of trust from my previous mortgage company Bank of America, the loan was from 2010, and was just recorded as being released in 2013. I since then have refinanced/transf… read more
Roger
Roger
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ok you are really going to like this one... for over a year
ok you are really going to like this one... for over a year now the US Bank as trustee for the "whatever" Trust has been bringing a foreclosure action against me claiming to be the owner of the note..… read more
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Is there a method to sale by owner with the owner still haveing
Is there a method to sale by owner with the owner still haveing the orginoil bank note? A wrap around note sould be recored, then the bank could possible see and accelerate the due on sale cluuse. So … read more
Andrea, Esq.
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I am owner of a condo which I am trying to sell and I was approached
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I own a property that was purchased with all inclusive note
I own a property that was purchased in November of 2009 with all inclusive note and DOT. There is an existing 1st, and 2nd on the property in the sellers name.In May of this year the sellers filed for… read more
socrateaser
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I would like to purchase a piece of property from someone.
I would like to purchase a piece of property from someone. This property is owned by his LLC. The LLC has an owner financed mortgage inplace. I want to do some type of wrap around where his financing … read more
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We have just sold our Mobile Home on contract in South Carolina.
We have just sold our Mobile Home on contract in South Carolina. Can you tell me what documents I need to obtain and file. I assume the Title to the Mobile Home will not transfer until the note is pai… 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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Meet the Experts:

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LawTalk

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I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

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Dimitry Esquire

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Ely

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Qualified attorney in private practice including business, family, criminal, and real estate issues.

P. Simmons

P. Simmons

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12+ yrs. of experience including real estate law.

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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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