Real Property » Sales Legal Questions and Answers
Can Children Sell Property Still Titled in the Names of Deceased Parents?
My father-in law recently passed away in Oklahoma. (My Mother-in law died 3 months earlier. Nothing was filed for her except death certificates to Social Security etc.) All assets except his home were sold or disposed of before death with power of attorney for both Mom & dad. (Home is still recorded in the names of both Mom & dad) His sons are trying to sell his home 'by ...
04/25/2011 | Category: Real Property » Sales | State: Oklahoma | #24709How Can I Force the Bank to Complete the Sale of a Home?
My daughter's offer to purchase a bank-owned house for all cash was accepted and the title company has her deposit. She provided the requested proof of funds, but at the last minute the bank requested a different form of proof of funds. She provided this within minutes, and well before the stated deadline. But the bank put the house back on the market and now will not respon...
04/20/2011 | Category: Real Property » Sales | State: Ohio | #24687Can We Transfer Property to a LLC Without Considering It a Sale?
We Purchased investment property in both husband/wife names(sales price $47,500); Deed was recorded on 3/7/11; We want to transfer property to our LLC , which is also in husband/wife names; it is a Special Warranty Deed which reads: 'GRANTEE HEREIN SHALL BE PROHIBITED FROM CONVEYING CAPTIONED PROPERTY TO A BONFIRE PURCHASER FOR VALUE FOR A SALES PRICE OF GREATER THAN $57,300 FO...
04/11/2011 | Category: Real Property » Sales | State: Tennessee | #24617Can a Person Advertise for Funds to Purchase Distressed Properties?
IN FLORIDA , CAN YOU ADVERTISE FOR FIRST MORTGAGE MONEY USED TO PURCHASE REO'S AND OTHER DISTRESS PROPERTY?
04/11/2011 | Category: Real Property » Sales | State: Florida | #24614Who is Liable for Not Telling Me about an Encroaching Sewer Pipeline?
I bought a house 9 years ago, I understand that i have to maintain my septic tank and make repairs as needed. But now i have the state of Alaska telling me I have to replace my whole septic system because it is illegal, It seems when we bought the house the current septic tank is pipe directly below our house into our neighbors yard. This is totally illegal and now the state...
03/18/2011 | Category: Real Property » Sales | State: Alaska | #24439Who is the Seller When a Life Estate is Sold?
When real estate with a life tenant and a remainderman (both still living) is sold by the life tenant , who is the seller? A warranty deed was signed by both parties.
02/27/2011 | Category: Real Property » Sales | State: Idaho | #24309What Are The Tax Consequences of a Parent Deeding a Home to a Child?
My parents are 80 and 70 and want to give me and my wife their lake house before the pass. What forms do I need and what are the tax implications for them and us. The way I understand it is I will also inherit their basis. They paid around 25,000 and the property is now worth around 80,000. However, I don't believe I would owe any taxes until I sell the property. Their net...
02/11/2011 | Category: Real Property » Sales | State: Alabama | #24202What Forms Do I Need to Sell a Half Interest in My Property?
I own a piece of property. I still owe a sum to the bank which is paid monthly. My son in law wants to take over the payments for 1/2 ownership in the property. What type of contract should we sign to make this a legal contract? Also what happens if the property is sold before he has made his obligation to pay for his obligation?
01/05/2011 | Category: Real Property » Sales | State: Florida | #23942Can I Hold a Seller Liable for Expenses for Not Disclosing They Had a Double Escrow?
I was trying to buy a rental property and the day before the schedule closing date the title company discover that the seller was doing a double escrow. Due to this information the lender did not found and after looking for other lenders I still could not get financing for the same issue. So I would like to get reimburse for the inspection and appraisal fees since this informat...
12/29/2010 | Category: Real Property » Sales | State: Arizona | #23898Can My Family Take Out a Mortgage for Me and Then Transfer the Deed to Us??
My parents got our home loan and lived with us for a couple years until they built a smaller home on the same property. Due to my husbands previous marriage and his x wife's failure to get a home in Vegas out of his name, we cannot qualify for the loan. The loan is in my dad's name but we need to somehow get the home in our name for tax purposes and to protect him. Can he ow...
12/18/2010 | Category: Real Property » Sales | State: Missouri | #23839