For years, creative defaulting homeowners and their attorneys have thrown up a phalanx of new and old defenses to slow down the foreclosure process. The best defense has always been to live in a “judicial foreclosure” state where the court system must be invoked by the lender in order to take back a property for…
Some might think me crazy, being a person whose livelihood depends largely on commerce in real estate. But it has to be acknowledged! There is an opportunity cost to being a homeowner. I have been a homeowner since I got out of school and found a seller crazy enough to owner finance my first home…
As a law student I was blessed to get a part time summer job shadowing the old law clerks who helped manage the dockets of the judges and document the outcome of cases being tried. Most of my Clerk Mentors (tormenters?) were retired military and were probably hired as backups to the armed bailiffs to…
One of the novel questions we received in the new year concerns short selling a property held by a Trust. Many a well intended realtor has done their job only to miss the pay day (and reimbursement of advertising fees) when attempting to sell a property when they find that the person for whom they…
Yes and No! Dying does relieve you personally from having to ever pay another penny for your Timeshare or another maintenance fee. However, your heirs may not appreciate the fact that your estate remains liable for these sorts of contractual obligations and it may affect the legacy that you leave to the next generation. It…
