Real Property

Is it legal/moral/ethical to walk away from a way-under-water mortgage on a condo, or what would you suggest for a woman who is marrying in Sept and will be living in her husband's home? The condo, located in Cincinnati, cannot be sold for anything near what she owes.

I have a condo I own free and clear and want to put a mortgage on it with an investor. What documents do I need to fill out for a 1) personal loan in which I am paying back over 3 years 2) securing the title to the house to him in the event of my non payments?Which forms do I need to use on your website?

I am trying to determine which type of deed form I need. We filed Chapter 13 last year and the bank acknowledged the surrender of the home. We have been told they will not remove us until such time as the home is deeded back or the bankruptcy discharged at which time they will proceed foreclosure. The bankruptcy atty. assures us we will not be liable at that time. However in the interim, we are liable for HOA dues. They, too, want to see a legal document showing the surrender to the bank, etc. We live in TX but the home is in SC and is in good shape but the value has diminished to more than $20K less than the mortgage balance due to the builder pullout of the subdivision, property values and taxes. We've been told by a RE agent that it will never sell and we cannot even lease it for enought to cover the mortgage - hence the bankruptcy as we were at that point $700 in the negative each month. The move to TX was due to a spousal job transfer - since that time, I have had to quit my job for medical reasons so we absolutely could not keep that home. Chptr 13 was our only option according the the atty. What form do we need to execute to file with the bank, county and HOA association to facilitate the surrender?

Are property quick releases legal in Florida. i.e. to remove one parties name from a property title?

I am buying my grandmother's house using a deed of trust security agreement.I had a friends real estate lawyer draw up the papers stating that I make monthly payments to her until her death then the house is mine, payed in full. The lawyer has made him self the trustee but says my grandmother can appoint another trustee if she wants. Is this a normal thing for him to be the trustee and will he have the power to screw me somehow? And can my grandmother appoint another trustee with no problem?