Real Property Legal Questions and Answers
What forms are needed for me to assume the loan on my father's home?
My father would like to sell me his house. It is appraised at $130,500. We have agreed to purchase it for $100,000. I have given him $25,000 cash. I would like to assume the balance of the loan and transfer the deed to my name. My income allows for me to do this; we would have it paid off in full in less than 10 years. Which forms do we need?
04/06/2009 | Category: Real Property » Sales | State: Texas | #15898What form is needed to add me to my sister's home that I have assumed the loan on?
I purchased a home from my sister on 10/1/04. I gave her $5000 down and took over payments. I have been making payments since then to the mortgage company, and the home remains in her name. What legal form do I need to fill out so that I don't lose the home if something were to happen to her. I am a single parent with a minor child and do not want to lose my home.
03/31/2009 | Category: Real Property » Sales | State: New Mexico | #15828What forms are needed for an owner financing of a home?
Seller offered to sale house to me, with 'him caring the mortgage', as appose to Land Contract. What forms and procedures are needed for this?
03/26/2009 | Category: Real Property » Sales | State: Ohio | #15778Is a right of first refusal in Texas legal?
I have a piece of real estate which I sold and retained a right of first refusal. The property has since come up for sale and another buyer has a signed contract with the seller. Included with the contract is exhibit A which reads: If the Optionee advises of its election to exercise its option Buyer has the right under this contract to increase the amount of Buyer's offer p...
03/26/2009 | Category: Real Property » Sales | State: Texas | #15762What agreement do I need to sell commercial property for a seller?
What agreement do I need to sell commercial property for a seller and what do I need to make sure the buyer only deals with me once he knows who the seller is (what is non 800 number as I'm in Canada for ordering by phone)
03/23/2009 | Category: Real Property » Sales | State: California | #15731I am still responsible for paying the realtor the commission if we did not use her services?
We signed a buyer contract with a real estate professional for her to represent us as buyers for the purchase of a home. That evening, the real estate professional was expressedly unavailable until the following evening. We, subsequently, found a FSBO home that we were interested in seeing. We loved the home and drew up a contract to purchase on our own--as we knew the home ...
03/20/2009 | Category: Real Property » Sales | State: Wisconsin | #15705How can I ensure that my mother and daughter can purchase my home upon my death?
I own two properties, not paid off. I want to convey the right to purchase the properties to my mother and daughter if I die. How can I do this?
03/17/2009 | Category: Real Property » Sales | State: Washington | #15667Doing a contract on a house with a balloon payment
My mom currently has a home with a mortgage on it, which I am paying for out of my money. Since I can't deduct these payments, and all the repairs I've done to her property, what can I do to buy the property? We were going to do a 7 year land contract with a balloon payment? Is this a good idea??
03/12/2009 | Category: Real Property » Sales | State: ALL | #15591How do I assume a nonassumable mortgage?
How do I assume a nonassumable mortgage?
02/18/2009 | Category: Real Property » Sales | State: California | #15273Is the landlord entitled to legally keep the earnest money since the sale fell through?
I had a lease purchase agreement and put up $5,000.00 earnest money but could not obtain a mortgage and the landlord kept the money. Is he allowed to do that since I had the intent to buy, but could not obtain the mortgage?
02/16/2009 | Category: Real Property » Sales | State: Georgia | #15256