Real Property » Sales Legal Questions and Answers
Do I Need to Give a Buyer's Agent a Commission if I Find a Home Without Her?
I signed an 'Exclusive' contract with a realtor as a buyer. My friend then offered to sell me her home. I told my realtor, he did not refer to the contract or any subsequent commission that would still be owed, so I went ahead with the purchase on my own. Absolutely no help from the realtor, no other realtor was involved. The sale was between two friends. Now that realtor wa...
08/02/2010 | Category: Real Property » Sales | State: Utah | #22814Do I Have to Sell Property I Inherited With My Sister?
If I have put a property, left to me and my siblings from my mother, in a real estate, and they have found a buyer, who will pay the price given, do I have to agree to sell???? What happens if I have changed my mind and the Real Estate owner has a Bill of Sale between her and the potential buyer??? What are my liabilities?????
07/08/2010 | Category: Real Property » Sales | State: Florida | #22620How is a Short Sale Conducted?
We are selling a home as a short sale only if the buyer will agree to cover the some amount of the promissory note our lender insists on for allowing the short sale. I need to give the buyer the agreement to pay $40,000 of the promissory note no later than June 1, 2010. Question is, what type of legal form or document is this? Would he sign a promissory note to me? Would he s...
06/27/2010 | Category: Real Property » Sales | State: Michigan | #22497What Documents are Needed to Pay Off a Person's Mortgage?
I want to payoff a persons bank mortgage balance and finance the mortage as an individual. What are the documents that are required? The property is located in CA.
06/26/2010 | Category: Real Property » Sales | State: Texas | #22490How Do We Correct a Clerical Error on a Deed in Hawaii?
We sold a Hawaii Timeshare for $1.00. We filed a quitclaim deed in Honolulu. After it was recorded, it was discovered there was a typo on the unit number (off by one digit). Do we just file a NEW quitclaim Deed or do we AMEND or CORRECT the original deed? Does it make any difference which we do? Isn't the first deed null and void because it is not the correct unit number? We li...
05/20/2010 | Category: Real Property » Sales | State: Florida | #22178Does a Person Whose Name is on the Deed Need to Also Be on the Mortgage?
We are in the process of purchasing a home with my father in law. He is putting down the down pmt. and we are applying for the rest of the loan. Can he be put on the deed of the house without being put on the loan?
05/13/2010 | Category: Real Property » Sales | State: California | #22101Can I Be Sued for Negligence of a Former Landlord if I Buy a Rental Property?
I'm buying a bank owned property duplex in Calif. One unit is currently occupied and listing agent (agent for the bank) has been collecting rent on behalf of the bank for last two months. I'm currently I escrow and still within my contingency period. During my inspection contingency period, a licensed HVAC company noted on their billing invoice 'positive indication of cracke...
05/11/2010 | Category: Real Property » Sales | State: California | #22079How Do I Create a Loan for a Seller Financed Real Estate Sale?
I'm working as an independent agent to purchase a farm property for another person. I going to lend the person 100,000 dollars and hold the first lien on the property. I also be the person who provides all the necessary contracts for sale and purchase of land and house. So, my question is: What forms and documents do I need to purchase & what is the full purpose of title insura...
04/26/2010 | Category: Real Property » Sales | State: Texas | #21912How Do I Create a Promissory Note for a Seller Financed Real Estate Sale?
I am trying to purchase a residential home to be owner financed. The owner is both a Trustee and the co-owner is a individual. Price is $200,000 with $40,000 down and a note for $160,000 at 6% for 10 years secured by ???
04/22/2010 | Category: Real Property » Sales | State: Texas | #21877Can I Avoid Paying Transfer Taxes By Stating a Nominal Sum on A Deed in New York?
My sister and I own a commercial unit in Staten Island, N. Y. consisting of three apartments and a nail salon. The Unit is in both our names as joint tenants with the right of survivorship. I am applying for a mortgage on said property and my sister does not wish to co-sign the mortgage. Therefore, the property has to be transferred from me and my sister to my name alone. ...
04/15/2010 | Category: Real Property » Sales | State: New Jersey | #21800