Real Property
If A Son Buys Property for His Parents How Should He Transfer It to Them?
my son-in-law is buying a home that we will live in. he expects to close september 1. we will buy the property with cash that will come available to us from him for the same amount that he borrowed. do we need an attorney to complete this transaction? do we have to have a new title search? should he include us on the deed of the original purchase? are there tax consequences we should be aware of? for him? for us? what is the best way to complete the two transactions?
Can a contractor file a lien without a contract in Minnesota?
If I had work done on my home and paid the amount I owed in checks, and the other in cash of 200.00, and I never signed a contract, can the company file a lien on my home? (of which they had a certified letter at the post office that I haven't picked up stating so)
Does a Bank or Realtor Have a Duty to Tell a Buyer of a Lien on the Property?
A friend of mine filed for bankruptcy last fall. Everything was filed and completed. Early this year she got a call from a friend who said some vacant land she owned was still in her name and all she needed to do was pay up on the loan to bring it up to current status and the land would still be hers. She checked with the bank and they confirmed that she could reclaim the property if she just paid the past due amount and kept the loan current. She paid up, started making payments again and put the property up for sale with a Realtor. The property sold and then she found out the same bank also had a lien on the property for more than she would get in the sale.Is there a requirement for the bank to disclose they have a lien on property they also hold a mortgage on? We were led to believe it was clear and the lien was not identified by the listing Realtor either. I believe we were both misled by the bank and now are out an additional $40,000. Is there a legal way to reclaim this money?
Can the CCR's of A Housing Association Prevent Children Under 18 From Living There?
In reviewing the CC&Rs for a single family home under contract, I noted that no residents under 18 years of age are allowed. I understand that there are allowed age restrictions for over-55 communities, but is an 18-yr age restriction allowed or is this a violation of Fair Housing?
Will Filing a Motion Stop a Foreclosure?
My wife has a home which is in foreclosure and will be sold Aug 16 under the redemption law. Several errors were made in the deed. She wants to file a motion to dismiss . She is running out of time. Does the filing of the motion itself stay the foreclosure until heard by the court?