Yes !! Until the new buyer re-registers the vehicle into his/her name, YOU are legally liable for any damages to people or property as long as your name is on the title. Best to hand carry the title with both seller and buyer to the motor vehicle office and get this done before handing over the keys.
A non-binding contract is considered to be an informal contract. It means both the buyer and the seller are not legally obligated to go through with the bid.
if da buyer does not get da title in their name legally is not ders
No, an auctioneer can't legally take a bribe from anyone like apotential buyer.
No, because technically and legally that would be perceived as cattle rustling, especially if the buyer "forgets" to close the sale and make the payment after taking your cattle. The money must be paid in full before the buyer can legally remove the cattle from your land. If he/she cannot make the sale, the cattle must stay. No ifs, ands or buts!
No, the refinancing without the consent or knowledge of the original cosigner created a breach of the original lending agreement and the cosigner is no longer legally obligated for the debt.
The co-buyer should contact the LENDER and ask to have the buyer removed from the loan. Nothing can be done legally without the LENDERS approval.
Mostly banks don't have buyers. They have investors and account holders. New customer!
The seller is obligated to notify the buyer of the problem. However, a buyer is also obligated to do everything possible to protect their investment. That includes having a comprehensive title examination performed by a professional and having a surveyor review the lot lines and draft a plot plan. The surveyor would specifically be looking for any encroachments. Buyer beware.
I would hope this was covered in the contract you signed. There is usually a protection period but it extends only to buyers that looked while listed with the brokerage. If your buyer has never seen the house and your contract has legally ended, you are free to sell right away.
Yes, but the buyer must be informed.
It is possible. Some banks and lenders will allow a buyer to assume payments on an outstanding mortgage. You will need to contact the lender who currently holds the paper on the property.
If they are a co owner on the reg, they have as much right to it as you-essentially, neither one of you can keep the other from using it paid for or not.
Extorting money from anyone sounds slightly criminal. When a buyer knows, from a reputable inspector, for example, that repairs are required to a property, the buyer can request that the seller consider that expense in the sale price. Neither the buyer nor the seller is obligated to move forward with the purchase if no agreement can be reached over repairs.
Yes you do have disclose a salvage titled vehicle.
Buying and selling on eBay enters both the buyer and seller into a legal contract. If you list an item for sale on eBay, you are legally obligated to sell it to the highest bidder. You can use a reserve price to avoid selling if the auction doesn't reach the minimum price you are willing to sell for.
First home buyer should wait how long before refinancing?
Nothing. They are just two people saying they will be responsible for the loan. The difference is where you sign on the contract. Legally there is no difference. The co-buyer by signing is saying that they will insure the loan gets paid. If the loan does not get paid the co-buyer can have wages garnished and basically get the wrath of someone else not doing what they are supposed to.
Not legally unless the buyer agrees to it.
The buyer becomes the legal owner when the deed is delivered. However, the deed must be recorded immediately in order for the new owner to become the record owner.
To buy a car anywhere in the United States, the buyer must be legally able to enter into a contract. To be legally eligible, the person must be over the age of 18, or must have been ruled by a court as an emancipated minor. As long as the buyer meets either of these requirements, he or she is legally allowed to enter into a contract and thus allowed to buy a car.
It depends on whether or not you signed a legally enforceable lease. If you didn't sign an official lease (i.e. you & the previous landlord had a verbal agreement), you're at the mercy of the new buyer...if the buyer decides to kick you out, you're out of luck. If you signed an official lease with the landlord, the new owner must follow the procedures outlined on the lease if they want to kick you out. If you're on a month-to-month lease, and it specifies that you must be given 30 days' notice before termination, then the new owner has to stand by that. If you're on a longer-term lease (1 year, for example), the new owner must either let you stay for the duration of the lease, or follow the lease's outlined procedures to kick you out (usually 30-60 days' notice). In either case, the new owner is legally obligated to return any security deposit (plus interest, if applicable) to you at the end of the lease.
A transaction broker, however, remains legally neutral, and can assist the buyer and the seller in a transaction.
No. The buyer does not own the property until the seller has executed the deed to transfer title to the buyer and the deed has been recorded in the land records. The buyer has no rights in the property until they have taken title.