Category Archives: General

Life Estate Deed Passes Title

Question: My husband and I gave our children a deed reserving a life tenancy for us.  I have since seen varied language used in life estate deeds of friends and family.   Our lawyer has passed away, so I decided to look up our deed, online at the Registry of Deeds.  I am a little worried.  The registry lists the grantors as my husband and me, but it shows all four of us as the grantees.  Is this a problem? Continue reading

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Spouse Doesn’t Own Home, Signs Mortgage Anyway

Question:  My husband owns his parent’s former home.  He is getting a home equity loan and the closing attorney says I need to attend and sign the mortgage.   My name is not on the deed, so why do I need to sign?

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Medallion Signature Acts as Super Notary

Q:    I am transferring stocks and must obtain a medallion signature guarantee stamp on the transfer form.  What is this and how do I get one? Continue reading

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When Is A Cash Offer Not A Cash Offer?

Q:    I am selling my home to a real estate developer, who submitted a cash offer.  Now, he is asking for an extension to allow his lender some more processing time.  I am angry.  I did not think he was using a lender, when I accepted the “cash” offer.  Can he do this? Continue reading

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Town Claims Mud Run Organizers Play Dirty

Have you ever seen a Mud Run?  They are quite popular over the past three years.  I had the pleasure of running in one each year with different themes like Superheroes and Zombies.  In August, the Amesbury Sports Park hosted the popular Spartan Run, and may have found itself in hot water.  Continue reading

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Younger Spouses of Reverse Mortgage Borrowers – now protected

A small group of disparately aged reverse mortgage borrowers, found themselves unknowingly caught in a trap.  Here is the conundrum:  Due to an age limit for reverse mortgage borrowers (62 years old), many couples found themselves on both sides of the age threshold.  In such cases, lenders would use only the older spouse as the borrower.  Leaving the younger spouse off the mortgage didn’t seem like a problem, until years later when the borrowing spouse dies.  That was when the banks began foreclosure, and eviction of the younger spouse.  Continue reading

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Know Kids’ Mortgage Status, Before Moving In

Question:  We are retiring soon, and would like to spend some months in Florida.  We may sell our home and build onto our son’s house.  We have no mortgage now, and would use a third of our sale proceeds to build.  What should we consider? Continue reading

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