i am looking at a home to purchase, in the back yard i opened a gate that had a long post in the ground and quite literally dozens of the pincher bug streamed out fron this hole in the ground. if i buy it what can be or should be do about it?
Mother & daughter situation, right to survivorship. mother wants out, thinks she is entitled to half of the house $170,000, however the mortgage of $340,000 is to the max on the house, and the value of house is less than the mortgage giving no equity. Is she entitled to $170,000.
How does one buy someone out, is it the equity or the mortgage???
BofA recently approved a short sale for my clients. The first mortgage is a purchase money loan. An offer from a well qualified buyer netting the bank $221,123 was submitted in January, 2008. BofA’s BPO valued the home at $220,000 two months later. No surprise since the home is in Stockton, CA , the “foreclosure capital of the US”. The value has since dropped substantially. more...
