Law NewsPractical stuff in estate planning, elder law and real estate(Untitled)- August 20, 2003 What to Do if Your Mortgage Lender Bails Out on You Recently, as interest reates rose and the number of files on their desks exploded to record levels, mortgage companies have bailed out on clients and failed to close. In two cases I am involved in (both of which are new construction) the mortgage companies literally "forgot" about the client. The loans were not ready to close because no one paid attention to the file for months. The other problem is that many lenders are so.http://radio.weblogs.com/0127553/2003/08/20.html#a10 (Untitled)- August 1, 2003 Security Deposit Hassles I just finished a rather bitter case involving a security deposit. The rules on security deposits are as follows: 1. If the property is in a complex of 5 or more units (this does not mean that the landlord has to own all 5 units, but that the complex has 5 or more units); then, 2. The landlord has 30 days to give the tenant an itemized list of damages;and, 3. The landlord must return the security deposit within 45 days of the tenant moving out. If the landlord does...http://radio.weblogs.com/0127553/2003/08/01.html#a9 |