Title: September 12, 2007
Q. Other than forfeiting an earnest money deposit, is there a penalty for canceling a real estate purchase contract?
A. It depends on the contract. If the purchase contract was accepted by the seller, escrow was opened, the seller may file a lawsuit for specific performance, specially if the real estate market is in a downward mode and the seller would lose money by having to put the property back on the market and sell it at a reduced price. Time is often of essence in a real estate sale and obviously a lot of time, and profits can be lost when the seller loses several months in paying a mortgage on real estate that did not sell quickly. The penalty would be attorney’s fees in defending a lawsuit for specific performance, not to mention the Court can force you to buy the property if you lose the suit.
Q. Can I remove myself from a mortgage that I had with my mother when she bought her house? I now want to buy my own house, but I cannot qualify because I am still on the hook for the mortgage on my mother’s house.
A. You cannot remove yourself from a mortgage unless the mortgage holder consents or the mortgage is paid off. Typically, this scenario occurs in a marriage that ends up in divorce. But since this is a deal you made with your mother, you cannot “divorce” her. I would approach the subject with your mother and see if she is in a position to refinance her house without your financial backing.
Q. I rented a house with an agreement to rent to own. There are numerous problems with this house. The roof was leaking. I got it fixed. The toilet in the basement was leaking. I got it fixed. The support beams are all crooked, and major repairs need to be done. I had this house appraised, and it is worth $50,000 less than what the owner is asking for it. I have got to get out of this “rent to own” agreement. Can I?
A. It really depends on the terms of the contract you entered into. You may have to let go of the equity you built in the house. However, you may be entitled to recover the cost of the repairs and improvements you made to the house, however you need to document the costs of the repairs and improvements.
Maxine de Villefranche is an attorney and civil general practitioner with 14 years of experience. She practices law from her Tehachapi office as well as her Lancaster satellite office. She will answer legal questions posed to her by the readers to the best of her abilities. Email your questions to maxinedev@msn.com or fax to (661) 825-8880
Showing posts with label escrow. Show all posts
Showing posts with label escrow. Show all posts
Tuesday, March 24, 2009
Legal Eaze #75 Child Support Garnishment/Selling Home
Title: August 18, 2004
Maxine de Villefranche is an attorney and civil general practitioner with 12 years of experience. She moved to Tehachapi in June 2003 and resides in Alpine Forest. She operates her law practice from her home office and also has a satellite office in Lancaster. She will answer legal questions posed to her by the readers, to the best of her abilities.
Q. I have been paying my ex-wife child support for the last 10 years for my daughter. This has been done through garnishment of my paychecks. At the beginning of August, my daughter turned 18. How much longer am I supposed to pay child support for her?
A. You failed to tell me whether or not she graduated from high school yet. If she is still a full-time high school student, you must pay child support until she turns 19 year old or graduates from high school, whichever comes first. If your daughter graduated from high school already, you must file a Motion to Terminate the child support with the same court that ordered it. If your checks are being garnished, your employer needs a court order to terminate the garnishment. Unfortunately, garnishment does not stop automatically the day your daughter is no longer entitled to child support. You must initiate the change.
Q. I am purchasing a second home while selling my first one. I already live in the new home, despite the fact that escrow has not closed yet. I am paying rent to live there. The buyer of my “old” home and her agent have not contacted in more than six weeks, and it appears this buyer cannot get a loan, despite the fact that she was supposed to be pre-qualified. I had to fix several items that she requested I fix before escrow closes. The date we had decided for escrow to close has long past and gone. I now have a second buyer, who is eager to purchase my home for an all cash transaction. I don’t want to lose this second buyer. What do I do?
A. Without seeing your Agreement to Purchase, I can guess that the house purchase was contingent upon obtaining a loan. If she cannot get the loan she applied for and is now shopping around for another loan, it might be a while. I suggest that you give the buyer either a Notice to Perform or to Cancel the transaction. If the repaired items were not too terribly expensive, or if they were items that needed fixing no matter which buyer buys the house, you should return her deposit back at the end of the time stated on the Notice to Perform and Cancel. That way, there are no hard feelings, otherwise you might be entangled in protracted litigation over her deposit.
Forward questions to maxinedev@msn.com , drop questions at the Tehachapi News, located at 411 N. Mill St., or send them to POB 1840, Tehachapi, CA 93581
Maxine de Villefranche is an attorney and civil general practitioner with 12 years of experience. She moved to Tehachapi in June 2003 and resides in Alpine Forest. She operates her law practice from her home office and also has a satellite office in Lancaster. She will answer legal questions posed to her by the readers, to the best of her abilities.
Q. I have been paying my ex-wife child support for the last 10 years for my daughter. This has been done through garnishment of my paychecks. At the beginning of August, my daughter turned 18. How much longer am I supposed to pay child support for her?
A. You failed to tell me whether or not she graduated from high school yet. If she is still a full-time high school student, you must pay child support until she turns 19 year old or graduates from high school, whichever comes first. If your daughter graduated from high school already, you must file a Motion to Terminate the child support with the same court that ordered it. If your checks are being garnished, your employer needs a court order to terminate the garnishment. Unfortunately, garnishment does not stop automatically the day your daughter is no longer entitled to child support. You must initiate the change.
Q. I am purchasing a second home while selling my first one. I already live in the new home, despite the fact that escrow has not closed yet. I am paying rent to live there. The buyer of my “old” home and her agent have not contacted in more than six weeks, and it appears this buyer cannot get a loan, despite the fact that she was supposed to be pre-qualified. I had to fix several items that she requested I fix before escrow closes. The date we had decided for escrow to close has long past and gone. I now have a second buyer, who is eager to purchase my home for an all cash transaction. I don’t want to lose this second buyer. What do I do?
A. Without seeing your Agreement to Purchase, I can guess that the house purchase was contingent upon obtaining a loan. If she cannot get the loan she applied for and is now shopping around for another loan, it might be a while. I suggest that you give the buyer either a Notice to Perform or to Cancel the transaction. If the repaired items were not too terribly expensive, or if they were items that needed fixing no matter which buyer buys the house, you should return her deposit back at the end of the time stated on the Notice to Perform and Cancel. That way, there are no hard feelings, otherwise you might be entangled in protracted litigation over her deposit.
Forward questions to maxinedev@msn.com , drop questions at the Tehachapi News, located at 411 N. Mill St., or send them to POB 1840, Tehachapi, CA 93581
Monday, March 2, 2009
Legal Eaze #30 house repair/divorce property
Title: September14, 2005
Maxine de Villefranche is an attorney and civil general practitioner with 13 years of experience. She operates her law practice from her new office in town, as well her Lancaster satellite office. She will answer legal questions posed to her by the readers, to the best of her abilities. Please forward your questions to maxinedev@msn.com or fax them to (661)825-8880.
Q. I just bought a house and moved in a couple of weeks ago. I found mince running around the house at night. The bathroom tap is leaking under the sink, and now that I am looking at it closely, the problem is obviously not new. There’s rot under that sink. I am sure that other problems will surface along the way. While the house was in escrow, I noticed that all the disclosures signed by the seller were at least one year old. But because I did not really care for nor trusted the real estate agent representing me, I did not say anything. What can I do at this point?
A. When a house is being sold, disclosures by the seller should be recent. A lot of things can break down and get damaged during a year’s time. This is why it is so important to have an experienced home inspector inspect the house before purchasing it. An inspector would have seen the rot under the sink and pointed it out to you. Electrical, heating and septic systems should be fully operational before buying a house. The roof should have a few years left on it. If the disclosures do not reflect the true condition of the house, you have recourse against the seller of the house for breach of contract and fraudulent disclosures. It is too late to do anything about your lack of trust in your agent.
Q. I am undergoing a divorce right now. I inherited a house from my father when he died. This was a good 23 years ago. I live in the house with my wife and kids during the entire marriage. The mortgage was fully paid form insurance proceeds at the death of my father. Of course, I made improvements to the house, but the house is still free and clear. Now my wife claims an interest in the house. Is this house community property or not?
A. You failed to tell me whether you added your wife’s name to the title of the house. If you did not, the house may be separate property and your wife is not entitled to any part of it, if she did not contribute to the improvements made. If you added your wife’s name to the deed, she may have a community interest in it. Depending whether your wife contributed to the improvements made, she may be entitled to a reimbursement of monies spent towards the improvements. Monies spent on improvements may have come from your earnings, which are considered community property. This is a very complicated issue, with many factors to consider.
Maxine de Villefranche is an attorney and civil general practitioner with 13 years of experience. She operates her law practice from her new office in town, as well her Lancaster satellite office. She will answer legal questions posed to her by the readers, to the best of her abilities. Please forward your questions to maxinedev@msn.com or fax them to (661)825-8880.
Q. I just bought a house and moved in a couple of weeks ago. I found mince running around the house at night. The bathroom tap is leaking under the sink, and now that I am looking at it closely, the problem is obviously not new. There’s rot under that sink. I am sure that other problems will surface along the way. While the house was in escrow, I noticed that all the disclosures signed by the seller were at least one year old. But because I did not really care for nor trusted the real estate agent representing me, I did not say anything. What can I do at this point?
A. When a house is being sold, disclosures by the seller should be recent. A lot of things can break down and get damaged during a year’s time. This is why it is so important to have an experienced home inspector inspect the house before purchasing it. An inspector would have seen the rot under the sink and pointed it out to you. Electrical, heating and septic systems should be fully operational before buying a house. The roof should have a few years left on it. If the disclosures do not reflect the true condition of the house, you have recourse against the seller of the house for breach of contract and fraudulent disclosures. It is too late to do anything about your lack of trust in your agent.
Q. I am undergoing a divorce right now. I inherited a house from my father when he died. This was a good 23 years ago. I live in the house with my wife and kids during the entire marriage. The mortgage was fully paid form insurance proceeds at the death of my father. Of course, I made improvements to the house, but the house is still free and clear. Now my wife claims an interest in the house. Is this house community property or not?
A. You failed to tell me whether you added your wife’s name to the title of the house. If you did not, the house may be separate property and your wife is not entitled to any part of it, if she did not contribute to the improvements made. If you added your wife’s name to the deed, she may have a community interest in it. Depending whether your wife contributed to the improvements made, she may be entitled to a reimbursement of monies spent towards the improvements. Monies spent on improvements may have come from your earnings, which are considered community property. This is a very complicated issue, with many factors to consider.
Monday, January 5, 2009
Legal Eaze #19 Child Support/ Home Purchase
Originally Printed: April 20, 2005
Maxine de Villefranche is an attorney and civil general practitioner with 13 years of experience. She operates her law practice from her new office in town, as well her Lancaster satellite office. She will answer legal questions posed to her by the readers, to the best of her abilities. Please forward your questions to maxinedev@msn.com.
Q. My ex-husband has owed $754 of ordered child support since February 1998. He also owes for two years of ordered day care charges totaling $540. He refuses to sign an interspousal grand deed on a piece of property awarded to me in our property settlement in 1997. What is my best course of action?
A. With regards to the back child support and the day care charges, you need to go into the same court that granted your divorce on an Order to Show Cause (OSC) and get the court to order arrearages to be paid through an assignment of your ex-husband’s wages. As for his refusal to sign the interspousal grand deed, you can double up on the same OSC and obtain a court order to the effect that the clerk of the court should sign your interspousal grant deed in order to get the property in your name only. Once you obtain your court order, you must find out who is in charge of signing your deed and how much it costs. You did not indicate where the property was located and what court granted your divorce. Every county has a different person in charge of signing deeds when the spouse who must sign refuses to do so, is deceased or cannot be found. However, the procedure is the same in every county. This is a fairly technical motion, so I advise you to contact an attorney to handle it for you.
Q. My husband and I made an offer to purchase a home about two weeks ago. We have not heard a word from the seller since. What’s the hold up and what can we do?
A. I simply do not have enough information to give you advice. Was your offer made to a real estate agent representing the seller? If so, contact the agent. Time is of essence in this hot real estate market and once an offer has been made, a response must come forth with a “yes” or “no” or a counteroffer. If you made your offer directly to the seller, then contact the seller. I presume no escrow has been opened and no deposit has been paid. It is possible that another offer was made at the same time as yours and the other offer was accepted. Nevertheless, you should be informed one way or another. You should not sit on an offer for two weeks, and this length of time tells me that either the house has already been sold or the seller is not very serious or some other major reason like an illness has gotten in the way. Patience is not necessarily a virtue here.
Maxine de Villefranche is an attorney and civil general practitioner with 13 years of experience. She operates her law practice from her new office in town, as well her Lancaster satellite office. She will answer legal questions posed to her by the readers, to the best of her abilities. Please forward your questions to maxinedev@msn.com.
Q. My ex-husband has owed $754 of ordered child support since February 1998. He also owes for two years of ordered day care charges totaling $540. He refuses to sign an interspousal grand deed on a piece of property awarded to me in our property settlement in 1997. What is my best course of action?
A. With regards to the back child support and the day care charges, you need to go into the same court that granted your divorce on an Order to Show Cause (OSC) and get the court to order arrearages to be paid through an assignment of your ex-husband’s wages. As for his refusal to sign the interspousal grand deed, you can double up on the same OSC and obtain a court order to the effect that the clerk of the court should sign your interspousal grant deed in order to get the property in your name only. Once you obtain your court order, you must find out who is in charge of signing your deed and how much it costs. You did not indicate where the property was located and what court granted your divorce. Every county has a different person in charge of signing deeds when the spouse who must sign refuses to do so, is deceased or cannot be found. However, the procedure is the same in every county. This is a fairly technical motion, so I advise you to contact an attorney to handle it for you.
Q. My husband and I made an offer to purchase a home about two weeks ago. We have not heard a word from the seller since. What’s the hold up and what can we do?
A. I simply do not have enough information to give you advice. Was your offer made to a real estate agent representing the seller? If so, contact the agent. Time is of essence in this hot real estate market and once an offer has been made, a response must come forth with a “yes” or “no” or a counteroffer. If you made your offer directly to the seller, then contact the seller. I presume no escrow has been opened and no deposit has been paid. It is possible that another offer was made at the same time as yours and the other offer was accepted. Nevertheless, you should be informed one way or another. You should not sit on an offer for two weeks, and this length of time tells me that either the house has already been sold or the seller is not very serious or some other major reason like an illness has gotten in the way. Patience is not necessarily a virtue here.
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