Posted on: 12th Nov, 2009 12:53 pm
Someone is tryin to buy out my interest in a property. I don't want the other party to refi and keep the money. Do we need a buyout agreement?What documents need to be in the loan docs to make sure that the lender pays me directly?
hi nancy,
you will have to ask the buyer to refinance the mortgage once you transfer the property to them. you can even sign a written agreement in this matter with the buyer. you should also contact a real estate attorney and take his opinion in this matter.
thanks
you will have to ask the buyer to refinance the mortgage once you transfer the property to them. you can even sign a written agreement in this matter with the buyer. you should also contact a real estate attorney and take his opinion in this matter.
thanks
Here,The house is an asset and is therefore subject to division in accordance with the law of your state division of property.Want to know what percentage of the house belongs to you and also whether the court will order the home sent to you.All evaluations are conducted by a lawyer or law firm.
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