I am trying to sell my old house and have reduced the price as much as I can. I cannot continue making 2 house payments much longer. If I simply allow the house to go into foreclosure and the proceeds from the foreclosure sale are less that what is owed, am I liable for the difference? The hit I would take on my credit score is not a major concern at this point.
Posted in Homes For Sale
Tagged Calif., cannot, concern, credit, credit score, difference, Foreclosure, foreclosure law, house, law, price, proceeds, sale, score
reporting and offering assistance to governmental and law enforcement authorities and agencies to reveal fraud and embezzlement in the development and real estate and mortgage businesses. Prev. worked with fbi in Detroit Mi to successfully prosecute for same with Oakland County Real Estate developers. This event is much larger.
mortgage fraud, loan fraud, real estate purchases
Posted in Mortgage Tips
Tagged dept, enforcement, Estate, estate purchases, Florida, florida dept of law enforcement, fraud, law, loan, loan fraud, mortgage, mortgage fraud, Real Estate
Is a renter entitled to any amount of the proceeds on the sale of a home if they have paid rent for 5 years or 20% of the value on the home. I am trying to get a clarification on this law. Does it really exist in the state of Ohio?
My partner wants to end our relationship and sell our house. (2/3 of the property is in her name at her request at the start of our co-habitation because she has 2 adult offspring and I one from former relationships. We have been living together for 7+years)
A letter has been served to me by her solicitor saying she seeks the sale of the property and proceeds to be divided 2/1 thirds in her favour. I am warned she may invoke this Act for an Order for the sale of our house and I would bear the court cost.
Because of the origional reason for the 2/1 split in ownership and that we have basicly been on equal income and shared household expenses, and in our late 50s, we talked about drawing up an agreement for a more equal share. I sujested we do this with a solicitor, but she refused on account of cost, saying it could be witnessed by anyone. This took place 7/10 days before I recieved the letter, which is timescaled.
What can I do to effect a more equal share of proceeds.
Posted in Land For Sale
Tagged Act, adult offspring, appointments, habitation, house, Land, law, ownership, partner, Property, relationship, relationships, Trust, trustees act, uk