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Where does a real estate attorney work? law answers (459975)

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Q: 

I live in Oklahoma. We had a buyer put a contract on our home and requested we be moved out by 26 May,closing day. They kept putting off closing but

A:  You need to be asking this question to your realtor. I do hope you have a listing realtor on your side? Your next step would be an attorney. This is one of the traps most sellers run into when they sell the house on their own. There are many places in a transaction where the seller can be put in a difficult position with not a lot of protection. Far too often a seller can end up with expenses they were not counting on which ends up leaving them with less money than would have been left after paying commission to a real estate company. Plus, a competent realtor is there to watch out for his client and advise them in the decision making...

Q: 

Short Sale Concerns for a home in Michigan: Please Help

A:  you definately need a short sale addendum or a provision in the purchase and sales agreement stating that this sale is subject to lender approval of a short sale. yes the broker is supposed to deposit your check in the escrow account but should not have said they would not and then do it. teh deposit is part of the offer to purchase. a short sale can take 3 to 6 months to get approval and is not guaranteed,. 9 out of 10 dont close so make sure you get some specific answers on how far along they are in the process. good luck "L", Your agent and their supervising broker would be the ones to ask. My companies policy would be that if buyers and the sellers both signed a contract, the transaction was completed and your earnest money deposit would be...

Q: 

My husband and I have a home and do not owe anything on it. We are buying a condo and plan to rent it to my

A:  Hello Gizmo, Home Buyer 911316: Yeap! Our professional real estate licensces do not allow us to advise for this type of question. It lies in the category of your certified public accountant''s expertise and your professional attorney for consultation. You may contact your local title company and the escrow officer will be able to help you with the quick claim work and explain to you prior how that works. Because this question applicail to your financial well being, and your contractual agreement with your daughter as a tenant/renter and also possibly a business partner in your transaction if you put her on the deed. Best of Luck! Your daughter is very fortunate to...

Q: 

A neighbor's tree is damaging a shared fence?

A:  Sue the bad person in court. If it is foreclosed and there''s a real estate sign in the yard, have your lawyer write the agent a letter tell him about the condition....

Q: 

damage done to us by life estate contract

A:  "Thus far, over the past year, the involved local lawyers have completely disregarded our efforts to communicate with them about a resolution." I'm not sure what you mean by "the involved local lawyers". Clarify? "Can we do anything at all to help ourselves out of this mess?" There may be nothing you can do other than to consult with a local legal malpractice attorney to see if you have any options on that score. First, though, I'd talk with a local (naturally different) real estate attorney who's had some experience with problems like these. What Fxston is saying, is to get a second opinion. I...

Q: 

Are FHA addendum''s which bind the buyer to pay a third-party short-sale negotiator fee legal?

A:  Good for you! It makes me sick to see these absurd "negotiator" fees tacked on to short sales and I believe it should be illegal. Any negotiator fees should be on the HUD-1. Most lenders will pay these fees, but they are negotiable as well as the price and all other terms. You should definitely call a real estate attorney. Regards, Lisa Jones, GRI (352)250-3320 Ljones@tomgrizzard.com Wow, fees not disclosed on the HUD are a giant red flag. Get a lawyers advice as to enforceability. Go straight to the source, contact HUD/FHA directly and ask them what they think about it. Hi, I suggest you contact a local real

Q: 

Can a seller cancel an escrow without buyer knowing about it and keep deposit?

A:  I am not from AZ but I was able to find a real estate complaint form http://www.re.state.az.us/INV/Forms/Form_INV-800i_Request_Fo… but it looks like the division of insurance might regulate title companies Here is a copy of their title insurance info http://www.id.state.az.us/publications/Title_Ins_Brochure.pdf On it is a number for escrow questions :For escrow questions, call the Arizona Department of Financial Institutions at (602) 255-4421. Holy Smoke Terry! We don''t practcie law here as realtors so the best advice we can give you is advice you have recieved earllier, Call a real estate attorney....

Q: 

transfering a deed

A:  A new deed is executed. "She will then take this money and pay off her mortgage amount on the home." You hope. "How do we go about transferring the deed into my name?" Get an attorney to draft the proper documents. Using an attorney in a situation like this is like paying a few hundred dollars for insurance that the deal, which is likely worth LOTS of money overall, goes well. "Is this something a lawyer could do or do we need to contact a special agency?" Not sure what you mean by "special agency", but, yes, you should have a real estate attorney handle this transaction for you. Otherwise, you...

Q: 

Can I assert a equitable interest ?

A:  Basically if you default on a purchase contract you stand to lose the entire shooting match. You don't build an equitable share in that context. And yes, if some of the folks smell a fire sale they may well exploit it. Sometimes there are protections as a matter of contract or law for a contract buyer BUT you probably need a good Fl RE lawyer to review your plight like pronto. You are probably entitled to go get your furnishing out. Rather than take a hit for $50K or more below market or $140K of supposed equity why not complete the purchase and sell it at another time? As an aside I might send over two sets of trusted friends who can act like serious buyers and check out that way just to see how the property is being handled. The...

Q: 

What''s the selling process in NY? When is a lawyer needed in the process?

A:  You should always get an attorney in order to ensure that your financial investments are secure. As far as the selling process, you can feel free to contact me and i will be happy to discuss that with you. Please feel free to visit my site at http://www.stephenmahabir.com Wow, did I ever digress- sorry! If I were selling, I''d have the atty look at the listing agreement (so, before listing) and as a buyer, making a decision should occur when you first consider looking at properties (just in case "the one" comes up faster than you''d expected). New York has set up a system to guarantee their presence in NY transactions by imposing limitation on real estate agents to perform contracts. This...