AboutJim Root Expertise How to select the right Real Estate Salesperson & Loan Officer--ones who will serve your best interests! House-hunting tips & suggestions on selection of the home best for your family needs. Introduction to the Home Buying Process & all the "Players" involved.What is of utmost important to the Homebuyer? Real Estate Contracts & Negotiations, Appraisal needs, Title Co. involvement, Home Inspection issues& the Closing/Escrow systems, etc. Whatever your question, the answer will follow, whether from personal knowledge or research! Gale, shown here with me, has been a Real Estate Office Administrator, licensed Realtor & has served as my Research Assistant over the years!
Experience Over 30 years as a "Real Estate Professional." including Real Estate Marketing & Sales, Appraisal work, Mortgage Banking & as a Realty Officer with U.S Dept. of HUD's FHA Homeownership Division in Alaska, Washington & Idaho! Some experience in Montana, California, Utah & Nevada markets!Knowledge of National Markets by continuous Research!
Organizations Former member of Nat'l Ass'n of Realtors (NAR) & Mortgage Bankers Ass'n of America (MBAA). Currently with National Association of Review Appraisers & Mortgage Underwriters (NARA/MU).
Publications Published in various local, state, regional & national Real Estate-related magazines & newsletters!Co-author of various Govt. publications on Homeownership, Appraisals & Mortgages while with HUD/FHA.
Education/Credentials Associate Degree in Real Estate Studies plus:
Numerous Real Estate-related Courses conducted by the U. S. Government & Private Industry over the past 30 years.
Bachelors Degree in Mass Communications,
Masters Degree in Education/Teaching
Awards and Honors Professional Designations: Certified Residential Originator (CRO) from MBAA, Registered Mortgage Underwiter (RMU) & Certified Review Appraiser (CRA) from NARA/MU. Outstanding Peformance Awards for 10 of the 12 years with HUD/FHA & numerous Sales/Listing Awards while a licensed Real Estate Agent.
Past/Present Clients No longer selling/listing Real Estate, nor Appraising properties, nor working in the Mortgage business, this "Real Estate Pro" serves as Director of a Company that provides Professional Development Seminars & Workshops to the "Real Estate Industry" and provides free (as needed) & fee-paid (on a sliding scale) consulting & inspection services to members of the general public.Your questions will be answered without "salesmanship" & with your best interests in mind!
Question I am in a legal situation with an insurance company. The claim against me is 55000 dollars. I told them that I have no assets. But when they ran a credit report it shows that my name is on a loan for a house in Idaho. In 2006 I purchased a home in Idaho with a friend as a fixer upper. It didn't work out and I moved out and moved back to California. I did a quick deed to get my name off the title and I thought I was taking my name off 1 of the loans that we had on the house. We had 2 loans at the time. I told her I would keep my name on the bigger loan because she wasn't going to be able to qualify for the loan herself. So I told her I would keep it on there until she could refinance. Well she has not been able to refinance yet. She is in the process but it hasn't happened. Now I have this claim against me for 55000 dollars. I told the insurance company that I don't have any assets because my name is not on that house. But when the insurance company checked my credit they saw my name on this loan for a house. I am wondering if they can take the equity from this house even if it's not my house, but my name is on the loan. But I am not on the title.
Answer LINDSAY--
What a mess you're in! You need more help than any of us at AllExperts can give you.You're in a very complex situation that only an Idaho-licensed Attorney and member of that State's Bar Association can handle for you!
I'm assuming that you can't afford a Lawyer, so here's some info that may help you. Check the Yellows Pages for the closest Office of the Idaho State Bar Association and call them. Most of these
quasi-governmental professional organizations for Attorneys have Lawyers who will do "pro bono" (free legal) work for people like you who are in dire need of legal assistance but can't afford it!
Hopefully, the Bar Association will hook you up with a Lawyer--and with his/her help, perhaps this can get straightened out soon--and to your advantage!
GOOD LUCK, Lindsay!
--JIM
PS. Sorry this response took so long. You didn't send it to me; I just found it in the "Question Pool" and thought you deserved
an answer ASAP! (JR)
