Were you up front with this attorney that you may want to back out of this deal when he/she told you to be patient? Did you ask him/her specific questions about this and you wanting to back out or being concerned about the condo?
I do think you could change attorneys, just consult with someone else so they know the full details of the situation and you know their fees. You will owe the current attorney fees for what he/she has provided so far (P&S review, etc).... more
Wow, that's quite a situation. Only an attorney can give you legal advice but here's how I see it. After 6 years the previous owner will probably be off the hook due to the "reasonableness" of time in which you should have discovered this issue. When a person buys a condo typically they, their attorney and their lender will have an interest in reviewing the condo bylaws, rules and regulations, budgets etc. This is typically done in this state prior to the signing of the purchase and sales contract.
You should review the listing sheet and any correspondence with your CIL, the seller, your attorney if you used one and your condo docs as well as any closing documents. If this seems a challenge it's ok, understandably it is. A real estate attorney (possibly the one that did the closing for you) can review any and all documents and give you legal advice on how to proceed.
I do have one question though, why does assigned versus deeded parking make such an imact on you now? Is there some reason why you need it deeded rather than just assigned? If it's a matter of your tenant's car being towed answers to that separate issue can be found in the condo docs. Perhaps there's a proceedure that your association has for the renting out of units in your association.
As for the situation with your CIL, this can be a touchy subject. Sometimes in real estate transactions errors are made. That's why we as real estate professionals are requred to carry errors and ommissions insurance coverage. Claims on thi should be reviewed by your own attorney and proceed with this route as advised by your attorney. This is why it's called "Errors and Ommissions" to cover errors and ommissions. Your cousin, their company they work for will have to review any claim with their insurance provider and respond, this is why you'll need your own attorney to assist you with this route.
Both are great schools - BU is very popular and has educated many a famed name - I think you win either way. As far as condos - many many exist and if you doi need any help or would like to see any of them - just ask - I can even set you up in MLS to get daily updates if you wish.
Are you an agent??? As far as the first time buyer tax credit--you need to be in contract by April 30, 2010 and close by the end of June 2010--there hasn't been any talk about an extension--see IRS link--
Your first step is to visit with any qualified loan officer(s) see what your budget can handle and check your credit score--after that choose an agent.... more
After one year, you can move and rent out the unit you plan on living in without refinancing. However, unless you meet one of the exceptions, you will not be able to get another FHA mortgage unless you pay the first one off.... more
A lot of it depends on what type of investment property you seek. Some areas have higher concentrations of students while others appeal more to working professionals. If you'd like more details and guidance, I specialize in this area and would be happy to chat with you. My URL is below.... more
can only go up from here... of course is always a question of how long will it take. yes BC is acquiring land in the area and Harvard is edging into nearby North Allston. most likely Oak Sq has a ways to go before it's a mainstream neighborhood. plus the BC acquisition cuts both ways. yes they will pump some money into the area but they will also cement it as a "college" neighborhood.... more