transactionsengineer

Please elaborate on your part in the alternative lending arena and what borrowers should consider. Thanks.

MichaelC, Looks like I'm late to the party on this question. Anyway, I am a graduate of Golden Gate University School of Law but it doesn't take a lawyer to read what the law says. In this particular case, the 2017 Florida Statute, Chapter 475.01 (1)(a) answers your question. Carefully read the definition of a broker. Even before you leave the first line, you'd read, "“Broker” means a person who, FOR ANOTHER, and for a compensation..." I've purposely capitalized what you need to know. Here is a link to the 2016 Florida Statute PDF, which holds the same definition. http://www.myfloridalicense.com/dbpr/servop/testing/documents/printable_lawbook.pdf Good luck.

This one isn't difficult to handle. You said that your assignment fee is to go through escrow. This is so that parties won't have to hand you the fee. It comes from the deal. Here's what you can do: 1. Inform the seller (Homeowner) that the buyer wishes to have the assignment fee covered at escrow. 2. Tell the seller (homeowner) that to release the pure option, you'll need the seller to sign an invoice for your fee to instruct escrow to pay you in exchange for the option release. 3. Submit the invoice to escrow and receive a written confirmation. 4. Sign an assignment form releasing the pure option and provide both option and assignment to the seller (homeowner) who will submit it to the escrow officer. 5. Wait for disbursement at closing. Your fee will be paid as a transaction consultant from escrow disbursement. * From your friendly neighborhood Transactions Engineer.

Forget buying the house. The person wants out so have her give you the home via Subject-To. This depends on the state you are in because some states will not let you sub-to anymore. If were to do this, I would have the current owner transfer her property into an LLC, claiming that it is being done for estate planning purposes so no taxes are required in the transfer. Then the current owner can sell me her LLC for $10. The LLC owns the home and the rights to the home. I would own the LLC and can sell it from the LLC at my leisure. If you are still intent on doing the short sale, you will need to put together a package of comparables or have an appraiser give you a price based on lower comparables that go against the BPOs. The BPOs are usually higher and will get you a small discount on the notes. Hope this helps you. Daniel Ng, JD/LL.B http://www.tradetheyen.com

You can definitely buy property in Kuwait and not be Kuwaiti. It is all about money. They also believe in the 99 year mortgage. As for your question about setting up a corp here in NJ. Yes, I live in NJ. If I were to incorporate an LLC, I would do it in Delaware. Delaware has advantages that NV does not such as $50 annual resident agent fee for the life of the corporation and setting classes of distribution within your LLC for estate planning purposes. Keep in mind that if your property is in NJ, no matter what state you incorporate in, you will need to file a foreign corporation in your home state to protect your assets. Daniel Ng, JD/LL.B Foreign Exchange Speculator http://www.tradetheyen.com

Wear what you would to a sporting event or something comfortable. If you aren't comfortable, you appear odd or nervous. This lack of confidence will not ease your buyers or sellers. Daniel Ng http://www.tradetheyen.com

I'm familiar with John Alexander too. He is my business associate. Look us up on the topic of forex trading http://www.tradetheyen.com Looking forward to seeing some of you join us. Daniel Ng, JD/LL.B Foreign Exchange Speculator http://www.tradetheyen.com

Chances are that you may have misunderstood an advertisement or the advertiser may be advertising his or her own fees to create the corporation for $85. The advertisement should state $85 plus state filing fees. You should also be aware that some states also have publishing fees. These are fees that you must pay to publish in a legal paper that your entity exists. New York is one such state. If you want to form a corporation cheaper, do it yourself. There are plenty of books to show you how. Daniel Ng, JD/LL.B Foreign Exchange Speculator http://www.tradetheyen.com

Big H, Here is the information you wanted on security deposits here in NJ: The Rent Security Deposit Act Most agreements to rent housing, or leases, require you to pay the first month's rent before you move in. Most leases also require you to pay a security deposit. The New Jersey security deposit law, the Rent Security Deposit Act, specifies how a landlord must collect, maintain, and return a security deposit. Cite: N.J.S.A. 46:8-19. Under this law, a security deposit is money that belongs to the tenant but is held by the landlord in trust. A security deposit is made to protect the landlord against the tenant's failure to follow his or her responsibilities as stated in the lease. This includes nonpayment of rent, or damage done to the apartment by the tenant, other than ordinary wear and tear. The lease should state clearly where the landlord will hold your security deposit and under what conditions it will be returned. The security deposit law now says that a landlord can't take any money from the tenant's security—for repairs, rent due, or anything else—while the tenant still lives in the apartment or house. The Rent Security Deposit Act applies to all rental units, including tenant-occupied, single-family homes. The only exception is for rental units in owner-occupied buildings that have no more than two units other than the owner-landlord's unit. However, the law does apply even to tenants in these small, owner-occupied buildings if the tenant sends a 30-day written notice to the landlord stating that he or she wants the landlord to comply with the law's provisions. If you are dealing with a lease purchase, your lease should identify the Rent Security Deposit Act N.J.S.A. 46:8-19. Daniel

Buy the manual. Learn all about a CA. http://www.naked-investor.com/the_manual.html

Frank, Be really careful with posting a dummy ad. One problem comes to mind, you may have heard of it, called false advertising. Some states have laws against such a practice and can punish you with a fine, imprisonment or both. It isn't worth it. Daniel

Doug, Here are the rules on defamation in Canada (Does Not Apply to Quebec): Defamation was well described in a 1970 British Columbia Court of Appeal decision called Murphy v. LaMarsh: (Defamation is where) a shameful action is attributed to a man (he stole my purse), a shameful character (he is dishonest), a shameful course of action (he lives on the avails of prostitution), (or) a shameful condition (he has smallpox). Such words are considered defamatory because they tend to bring the man named into hatred, contempt or ridicule. The more modern definition (of defamation) is words tending to lower the plaintiff in the estimation of right-thinking members of society generally. The common law protects every person from harm to their reputation by false and derogatory remarks about their person, known as defamation. In addition, all Canadian provinces have libel/ slander legislation (defamation includes slander and libel, where slander is verbal defamation and libel is printed defamation). It is a tricky and slippery field of law, based on statutes, English common law and many defences. Defamation tort law protects your reputation, not your feelings. The major points of defamation law in Canada are as follows: 1. Defamation is a "strict liability" tort. In other words, it does not matter if the defamation was intentional or the result of negligence. Defamatory material is presumed to be false and malicious. "Whatever a man publishes", according to one case, "he publishes at his peril." 2. Defamation must be a direct attack on an actual reputation, not an alleged reputation that a "victim" believes they deserve. A judge will assess the statement against the evidence of the victim's reputation in their community. 3. The remarks must be harmful (i.e. "defamatory") and this will be assessed on a case-by-case basis. Some statements are clearly defamatory. Other statements would only be defamatory to the person targeted by the remarks. What may be a nonsensical or mildly offensive remark to one person may constitute serious defamation to another. The judge will consider the situation of the person defamed in assessing the claim of defamation. 4. The defamatory remark must be clearly aimed at the plaintiff. General, inflammatory remarks aimed at a large audience would not qualify as the remarks must be clearly pointed at a specific person. 5. The defamatory remarks must be somehow conveyed to a third party. Private defamation just between two parties causes no reputation damage to reputation because there are no other persons to be impacted by the remarks. With libel, the damage is presumed as it is published. With slander (verbal defamation), proof of repetition to other people is essential to the claim; damages have to be proven (there are four exceptions: the defamation imputes the commission of a crime, the unchaste status of a woman, a "loathsome disease", or a professional incompetence). There are a number of special defences available against defamation: A. The "defamatory" remark was basically accurate. B. The plaintiff agreed with the defamatory remarks. For example, if the plaintiff subsequently publishes the remarks, they would be hard pressed to succeed in a defamation claim. C. Some special privileges exist for remarks made in certain venues such as in a court room during trial or in a legislative assembly or one of its committees. A privilege against defamation claims also exists for judicial or legislative reports. D. There is what is known as a "qualified privilege" where remarks that may otherwise be construed as being "defamatory", were conveyed to a third party non-maliciously and for an honest and well-motivated reason. An example would be giving a negative but honest job reference. The criteria for this defence are: defamation was incidental to the protection of an interest or discharge of a duty and the remarks were given to a person who had an interest in receiving the information. In assessing this defence, judges will ask themselves whether a reasonably intelligent person would have given the information to the person to whom it was conveyed. E. Citizens are entitled to make "fair comment" on matters of public interest without fear of defamation claims. A good example of this is a letter to the editor on a matter of public concern. The author of the remarks may even go so far as to presume motives on the part of the person who's actions are being criticized provided only that the imputation of motives is reasonable under the circumstances. The rule of thumb is that the fair comment must reflect an honestly held opinion based on proven fact and not motivated by malice. It should be noted, however, that some provinces have enacted laws which give their citizens varying rights to "fair comment." Situations which involve racial or hate defamation might find a more expeditious and cost-effective recourse through human rights legislation rather than defamation. You should also be aware that most provinces have implemented very short limitation periods with regards to alleged defamation appearing in newspapers or broadcast (as short as six weeks in some cases) so time may be of the essence. Daniel

IF you are still seeking an attorney, I would suggest looking at The Martindale Directory http://www.martindale.com Daniel

For all you sports fans who need further entertainment, here is a site that should be a part of your favorites. Topless Sports News If the link does not work, paste this link into your URL address line. http://www.toplesssportsnews.com/index_02.html Daniel

Wheatgrass juice? What the heck is that? Why would Adam want to bring the wife to a motel when he as a perfectly well built room in his home and a bottle of Nyquil for the kids? Just some things that make you say, hmmm.

If you are looking for asset protection information, the best and most cost effective is located near you at the law library in your county. I have spent a lot of time in my local law library and have found information and sample documentation that applies to the real world. Forget Abalos and get the information that applies to your situation.

Thank you for all the great responses. Please keep them coming. Daniel

Here is the link on the Real Estate and Business Brokers Act Scroll down to General and you will find a section on False Advertising. Daniel

Jeff, You will find Robert J. Abalos has a lot of bad press. He has mislead many in the real estate game. He was booted off of Ebay for selling his products but not delivering. He cheated many people on the internet and there are many web complaints at the consumer affairs department of Massachusetts, Virginia, and the State of Washington on his internet sales practices. Buyer beware! --- As for liability protection: To avoid the problems of legal liability, the answer is to not violate the law. The article just indicates what could pierce the corporate veil of protection and does not address avoidance of corporate liability. According to a plethora of court cases, to pierce the corporate veil requires proof of three elements: 1. complete domination and control of both the entity's policy and business practices; 2. use of such control to commit fraud or wrong, breach of a legal duty, or a dishonest or unjust act (such as using such control to avoid personal liability previously assumed by an individual); and 3. that the aforesaid control and breach of duty must proximately cause the injury or loss. The areas are: Fraud, Breach of a legal duty, Dishonesty, and Proximity. Avoid these and you are protected by a corporate entity. For a more accurate view of asset protection, see http://www.rjmintz.com Daniel

Thanks Gordon. Frank (OH): Yes, a can of worms or whoopass got opened. I believe that if a successful man got married to a woman, he has to know something about this topic and survived. Everyone Else: I'm curious if I will get a woman's point of view as well. Maybe women know something men don't know. We men know what we want but it's the women who know if we are going to get it from them.

Gordon, Nice website design. It is simple and straight forward. Please let us know the stats of how effective the website has been for you. Daniel

"I never quite figured out why the sexual urge of men and women differ so much. And I never have figured out the whole Venus and Mars thing. I have never figured out why men think with their head and women with their heart. FOR EXAMPLE: One evening last week, my girlfriend and I were getting into bed. Well, the passion starts to heat up, and she eventually says "I don't feel like it, I just want you to hold me." I said "WHAT??!! What was that?!" So she says the words that every boyfriend on the planet dreads to hear... "You're just not in touch with my emotional needs as a woman enough for me to satisfy your physical needs as a man." She responded to my puzzled look by saying, "Can't you just love me for who I am and not what I do for you in the bedroom?" Realizing that nothing was going to happen that night, I went to sleep. The very next day I opted to take the day off of work to spend time with her. We went out to a nice lunch and then went shopping at a big, big unnamed department store. I walked around with her while she tried on several different very expensive outfits. She couldn't decide which one to take so I told her we'd just buy them all. She wanted new shoes to compliment her new clothes, so I said lets get a pair for each outfit. We went onto the jewelry department where she picked out a pair of diamond earrings. Let me tell you...she was so excited. She must have thought I was one wave short of a shipwreck. I started to think she was testing me because she asked for a tennis bracelet when she doesn't even know how to play tennis. I think I threw her for a loop when I said, "That's fine, honey." She was almost nearing sexual satisfaction from all of the excitement. Smiling with excited anticipation she finally said, "I think this is all dear, let's go to the cashier." I could hardly contain myself when I blurted out, "No honey, I don't feel like it." Her face just went completely blank as her jaw dropped with a baffled WHAT?" I then said "honey! I just want you to HOLD this stuff for a while. You're just not in touch with my financial needs as a man enough for me to satisfy your shopping needs as a woman." And just when she had this look like she was going to kill me, I added, "Why can't you just love me for who I am and not for the things I buy you?" Apparently I'm not having sex tonight either" Calling on all the experts. Any advice?

Guam - What an excellent place. The only place that mail order divorce is possible and accepted by both the United States and the British Realm.

MichaelC is correct. It would not appear as a foreclosure on the credit report. It can say that the loan is pending foreclosure. I've seen that listed on credit reports but that is easily removed once the entire loan is paid off. A simple verification request made to each of the credit bureaus will remove the entry. Keep in mind that the entire amount is the back payments, the reinstatement costs, and the remaining balance of the mortgage note. Most people cannot pay that much in one shot. Your friend is fortunate to be able to repay the loan in its entirety. Daniel

Mobile Home Financing I don't know what state you are located in but here are a couple of resources for your manufactured / mobile home financing: http://www.aaronfinancial.net/ http://www.jcfinc.com/ Daniel