Can I put a personal lien against a house in CA and what is the process?
Answers: Yes, you can put a mechanics lien on anyone's property. However, you must have just cause...otherwise...it wont hold up. I have done this in a few cases where I've delt with some bad investors and had a few deals go bad. It is rare...but there are certain things you have to do sequentially...to do it correctly. To much to list here.
You must first win a judgment in court against the owner of the house. You then may be able to put a lien against some of his property (not sure about a house). Maybe he has a nice car or Truck.
Closing on a House?
Do I need to hire a Lawyer to close on a house? are they significant benefits to doing so?Answers: Holy Cow,unless you are fundamentally experienced or well versed surrounded by the business of home buying, you need SOMEONE to PROTECT your interests! Don't EVER expect a LENDER or a vendor to guide you in the right direction! The best, and cheapest passageway, to get your interests represented is to hire a REALTOR to be your BUYER REPRESENTATIVE! 9 times out of 10 it won't cost you a DIME! (traditionally the peddler pays their comission) With a Realtor on your side you have someone to craft sure your title commitment is clean, that the property get inspected, that you are getting a good deal on financing, you are hooked up beside a good insurance agent and MORE! Some states DO require lawyer to be involved but that is on a state by state justification. I have be a Realtor in Indiana and am immediately practicing in Texas and we never use lawyer uless requested by the buyer and seller. A right rule of thumb IS to have an attny. look over any contract until that time you sign. If you need a recomendation for a fitting Realtor, ask family and friends or jump to a local Title Company and since they work with Realtors adjectives the time they may be able to steer you within the right direction.
Good luck!
It depends on the laws of your state. Most states require any a closing attorney or an escrow company (which is usually overseen by a closing attorney). If you are using a lender, your lender will advise on the procedure they and your state require. If you are buying surrounded by cash, your Realtor should recommend as to the laws within your state. If you are not using a Realtor, the fact that you are asking this press shows that you need one. Good Luck!
Is within any bearing to refinance my house if it have lost roughly 35% of its worth since I bought it a year ago?
Is there any agency to refinance my house if it has lost give or take a few 35% of its value since I bought it a year ago?I'm seriously considering letting it stir to foreclosure because Its just not worth paying for it anymore.
Answers: You are surrounded by a tight situation. Depending on how much that 35% is in dollars, you may or not know how to save it. Your credit will be ruined if you tolerate it go into foreclosure.
You can refinance the house, but you will hold to pay the difference between your current loan go together and the new appraisal. No ridge will issue you a loan with 35% over the appraised worth. Maybe 5%-10%, but 35% is just too much.
Good luck.
Basically...no. Unless, you hold enough equity within it that would allow it...but it sounds like you do not. However, if you can afford to prolong your home...letting it go to foreclosure isn't really a fundamentally good hypothesis.
If you are in a situation where on earth you can not afford your home any longer and you are currently delinquent...I may be able to minister to you. I do short-sales all the time and I do them nation wide-ranging. I have a group of investors that purchase from me constantly. I can also show you how to avoid have to pay any taxes to the IRS on any shrewdness liens.
If you are interested in finding out more. Contact me at greenster5869(a)yahoo.com. Even if I can't individually help you, I may know how to give you more information that will.
Do you want to go because it has lost it's utility or you cannot make the mortgage giving anymore? Remember, the market is cyclical and will turn around again and conceivably sooner then then. If you can make your payments presently don't get mired on the value it's worth immediately because it is not important what the house is worth unless you stipulation to sell. Hold out if you can and keep on for the market to turn again. It's no different if your house go up 35% and your not needing to trade. It's all treatise value unless you call for to sell. Then that's what the true good point of your home is. I hope this makes sense to you what I'm trying to carry across.