Short Selling in Divorce
For most divorces, a driving objective is closure. One or both of the parties has generally reached the state of being “over it”. Child custody, division of assets, and support issues are challenging. But there is another issue which can rain frustration on a divorce like a monsoon, and that is the disposition of real…
More Advice for the Tenants of a Foreclosed Landlord
Recently, a client wrote us: “I am currently living in a condo in which my landlord was foreclosed on. We have been paying the condo fee, but haven’t heard anything from the bank. The bank has been in possession of the property for quite some time now and has never communicated with us in any…
The Decade After
In the past roughly ten years, emphasis on roughly, nearly ten million (10,000,000) American homes were lost in foreclosure, short sales or deeds in lieu of foreclosure! While our current tepid recovery continues at an underwhelming pace, there is clearly a lack of enthusiasm for home ownership. The “American Dream” seems out of reach to…
We’ve Nationalized Medicine, Why Not Mortgage Lending?
What could possibly go wrong? This is really troubling to me. Don’t let these casual loan officers from west of the Mississippi fool you. They are cutting edge scholars of our society, our media, our government, and our national commerce. They normally opt for more entertainment value, but today’s video-blog on the real estate industry…
WHERE ARE THEY NOW?
On occasion we lose great employees, lawyers, staff, and friends of the firm as they go on to new callings or perhaps to meet their Maker. Thankfully, this edition’s ‘WHERE ARE THEY NOW” is about the former. Matt Pittman, former law firm digital maintenance expert, network and computer guru, file scanning department leader and firm…
I am Still Nursing! How Could I get Pregnant?
A client recently inquired of our law firm: “Hello – . . . My father has just passed away and his house was foreclosed on in a manner that raises questions. Below is a glimpse into our story: Early in the year we initiated a Loan Modification and were told that our application was being…
Creative Financing = Creative Tax Headaches
A client called today to have our lawfirm engage in a discussion with his CPA as to tax ramifications for “subject to” sales of homes. For those of you who have never considered using “creative financing” to sell your home or buy a home, a “subject to” means the buyer takes over the seller’s mortgage…
True Life Lessons on Building Your Dream Home
These are some very helpful recommendations that one of our long time clients took the time to compose and share. The client prefers to remain anonymous but you should know that this gentleman has an incredible resume’ which includes running multi-million dollar businesses and overseeing commercial construction campaigns as well as several of his own…
True Life Borrowing Experiences
This is an actual email from a real life potential client: “Subject: Consultation for Mortgage inquiry To whom it may concern, I was wondering if it would be possible to set up an initial consultation in person, regarding an issue that I am having with understanding my rights as a first time home-buyer. I am…
