Monthly Archives: October 2014
Relief To Homeowners From Potential Deficiency Claims
RELIEF TO HOMEOWNERS FROM POTENTIAL DEFICIENCY CLAIMS (AND SOME PITFALLS!) Question: I’m a homeowner facing foreclosure, and understand the law has changed regarding my lender’s rights to go after me for a deficiency claim. First, what the heck is a deficiency claim, and second, how has the law changed, and does it benefit me? Answer:... Read More
Winterization/De-Winterization – Who Pays?
WINTERIZATION/DE-WINTERIZATION Question: WHO PAYS? Answer/Senario: Seller and Buyer enter into the standard Residential Real Estate Sale Agreement (OREF 001). Seller has already winterized the home, but then voluntarily de-winterizes the home so that the Buyer can have an inspection done. Sale fails to close and Buyer seeks a return of the earnest money. Seller refuses to execute a... Read More