Posted on September 4th, 2009 by Carlo Capomazza
Image by Amit Gupta via Flickr
DEAR BENNY: I am retired. About 18 months ago (before the economic crash), I bought a fixer-upper and renovated it, but have been unable to sell it. If I let the property go into foreclosure, can/will the bank that gave me the mortgage try to get at my other assets [...]
Filed under: Foreclosure, Legal Advice in Common Scenarios, Mortgage, Real Estate Market, Short Sale | No Comments »
Posted on August 20th, 2009 by Carlo Capomazza
The Basics of Making an Offer
A written proposal is the foundation of a real estate transaction. Oral promises are not legally enforceable when it comes to the sale of real estate. Therefore, you need to enter into a written contract, which starts with your written proposal. This proposal not only specifies price, but also all [...]
Filed under: Buying, Selling | No Comments »
Posted on August 6th, 2009 by Carlo Capomazza
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DEAR BENNY: I recently purchased a home and directly next to it is a piece of railroad property that separates it and two other properties. All properties have access to the streets. The railroad took the land by eminent domain many years ago, and the prior owners are now long gone. When I [...]
Filed under: Current Events, Legal Advice in Common Scenarios | No Comments »
Posted on July 25th, 2009 by Carlo Capomazza
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DEAR BENNY: My husband and I own a rental property that is paid off. We have been talking about separating, and my husband has said that I can keep the house. How can I get his name off the house and put my name on, or should we just sell it? I would [...]
Filed under: Divorce, Legal Advice in Common Scenarios | No Comments »
Posted on June 21st, 2009 by Carlo Capomazza
DEAR BENNY: My parents’ house is paid off. The house is in my father’s name only; my mother has his power of attorney (and I have hers). My father is in a nursing home, recovering from a stroke, but we do not foresee him coming home (he’s 86); he’s wheelchair bound, and conversant, though with [...]
Filed under: Legal Advice in Common Scenarios, Selling, Tax Issues | No Comments »
Posted on June 13th, 2009 by Carlo Capomazza
DEAR BENNY: I have just found out that my neighbor’s septic tank leach line and leach pit is on my property. I was going to buy the property when it was recently up for sale, but I was not given the chance. I did file a lawsuit against the seller. The contract purchaser has not [...]
Filed under: Legal Advice in Common Scenarios | No Comments »
Posted on May 29th, 2009 by Carlo Capomazza
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DEAR BENNY: I was told by a prominent accountant that there is a loophole in the law that states that you can be exempt from paying capital gains (if you are in a home less than the two-year period) if there are “unforeseen circumstances” involved. Are you aware of this? Can you double [...]
Filed under: Legal Advice in Common Scenarios, Tax Issues | No Comments »
Posted on April 26th, 2009 by Carlo Capomazza
With 2 million layoffs recently, the employment websites are busier than ever. And it’s not just jobseekers who are making these sites so popular. Consumer-protection and law-enforcement groups and better-business bureaus are reporting that a whole new breed of scammers and “phishers” are also logging on to get your personal information to steal your identity.
If [...]
Filed under: Identity Theft, SCAM ALERT | No Comments »
