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Real Estate Law


CRE Online > Real Estate Law > Bill Bronchick Q & A


real estate lawyer - william bronchick


This forum is for educational purposes ONLY.

By publishing this information, the publisher and our hosts do NOT render legal, tax, accounting or other professional advice. It is your own responsibility to seek professional advice for any specific transaction or investment from those licensed to render such advice. If you require specific legal, tax or accounting advice, seek the services of a qualified professional.


No License, No Commission!

Do I Need a Business License?

Transfer in Divorce--Assumption Fees

Verbal Partnership Gone Bad

"Assignment of Rents"

Title Company Fails to Deliver Originals

Widow's Obligation on Mortgage Made by Husband

When Seller Refuses to Move Out

Husband and Wife As Single Member LLC

What Is a "Passive Investor"?

Sale of Residence--Tax Exemption

Transferring VA Loan Property to an LLC

Transferring Personal Properties to Another Entity

Contract for Deed (Installment Sales Contract)

Is Our Verbal Real Estate Agreement Enforceable?

Boundary Surprise

Sandwich Lease Option

What Is The Best State for an LLC?

Can We Charge Interest on Overdue Rent?

Undiscovered Encroachment

Rights and Duties of Co-Owners

Failure to Record

Is a Land Contract Valid Without Recording?

Income Tax on Land Contract

Joint Owners Or Tenants in Common?

Tree Branches Encroaching on Property

Breaking a Lease

Mechanic's Liens and Lease Options

Business Expenses and Deductions

Consequences of Abandoning Home

S Corporations and Capital Gains

Divorce and Real Estate

Is This Brokering Without a License?

Lease Options and "Due on Sale" Clause

Avoiding the Personal Holding Corp. Classification

Liability Under an Assignment of Contract

Transfer to a Living Trust

LLCs and Lease Options

Private Mortgage Insurance

Taking Back Property on "Quit Claim" Deed

Absentee Co-Owner

Is Probate Necessary to Pass Title?

Responsibility for Repairs AFTER Closing

Do I Provide the Lender with the Trust Name?

Paying Taxes on Option Consideration

Capital Gains on Inheritance Transfer

Who Is Responsible for Easement Mistake?

Getting Rid of a Problem Tenant

Tenant's Right to "Quiet Enjoyment"

Protecting Lease Option Against Mechanic's Lien

Selling a Mobile Home on a Wrap

Saving Taxes on House Bought for Child

Unrecorded Land Contracts and Wraps

Conflicting Appraisals and Earnest Money Refund

Taking Title in a Land Trust or LLC

Where Do You Register an LLC?

Multiple Land Trusts, Different Beneficiaries?

Property Owned by Another - Adverse Possession

Protecting Against Mechanic's Liens

Do I Need a Land Trust If I Have an LLC?

Selling Lease Option Contracts & Dealer Status

Corporation vs. LLC

Privacy of a Trust Agreement

Land Trust and Land Contract

Liens Placed After Offer Accepted

Selling "Tenants in Common" Interest

Using Both a Corporation and a Trust Together

Contract for Deed, Land Trusts, and Probate

Transferring the House--Not the Loan

Landlord's Right to Enter and Clean

When the Seller Hides a Known Defect

Land Trust and Due on Sale Clause

Land Contract and "Due on Sale" Clause

Finding out-of-State Owners

One-Half Interest in Property

Rights Under a Land Installment Contract

Divorced Former Spouse Won't Sign Over the Deed

Can You Be Evicted Under a Land Contract?

Lease Option Tenant Problems

How Do Credit Reports Affect Land Trust Privacy?

Retaining Installment Sale Tax Advantages

Which Entity for Flipping Real Estate Notes

Turning a Duplex Into Condos

Getting the Bank to Release Escrow Funds

"Gift Equity" at Closing

Buying on an Installment Land Contract

Land Trust Liability

Entities for Partners

Getting out of a Lease

Three Questions

Do I Need an Attorney to Set up a Trust?

Seller's Benefits on a Lease Purchase

LLCs and Self-Employment Tax

Do I Need a Lawyer for Flipping Real Estate?

Land Trust and Tax Deductions

Land Trust Transfers and Non-Assumable Loans

Interest Rates on Land Contracts

Cancelling a Listing Contract

Getting Co-Borrower off the Deed

Can a Non-Profit Organization Sell a Building for Profit?

Judgments Against a Person with the Same Name

How Should Siblings Hold Title to Inherited Real Estate?

How Do We Get the Deed Transferred?

How Do I Collect on a Judgment?

Is Land Trust Privacy Negated by Tax Deductions?

Where Are the Records of a Defunct S & L Kept?

Is a Corporation or an LLC Better for a Note Broker?

"Handyman" Wants to Buy From Us on a Land Contract

A Clarification of The "As Is" Clause

Can a Corporation or LLC Obtain a Bank Mortgage?

Land Trusts and Depreciation Tax Benefits

Land Trusts and Property Taxes

Land Installment Contract and Tax Benefits

A Joint Venture Gone Bad

"Common Areas" Lease Clause

Trust Property and Personal Bankruptcy

Lease Option SNAFU

Registering an LLC

Should I Use a Corporation for "Lonnie Deals"?

Enforcing a Lease Option

Can I Cancel the Contract to Sell My House?

Can an LLC Have "Officers"?

Realtor's Listing Agreement and Lease Option

What Is a Deed?

LLC or Corporation as Trustee

Foreclosure Threats Due to Mortgage Company's Error

LLC As Trustee For a Land Trust

Is a Restrictive Covenant Enforceable?

Lease Option Problems

Deed in Lieu of Foreclosure and the Due on Sale Clause

Lease Options and Bankruptcy

Selling Property from One Corporation to Another

Reinstating Defaulted Mortgage - "Due on Sale" Clause

Does Mortgage Stay on Credit Report After Transfer?

Can We Quit Claim Property to an LLC

Do You Recommend Lease Options?

FHA Mortgage "Primary Residence" Requirement

Raising Investor Funds

Assignment of a Lease Option

How Does the Seller Benefit from a Lease Option?

Checklist for Buying Property from a Trust

Selling a Property Purchased on a Land Contract

Land Trusts and Judgment Creditors

Nevada Corporations and Asset Protection

Am I Better off With a Land Trust or Corporation?

LLCs and Dealer Status

Title Insurance

The Difference Between a "Dealer" and an "Investor"

"Lonnie Deals," Usury, and Self-Employment Tax

Should a Beginning Investor Use a Corporation?

Using a Land Trust If I Manage My Own Properties

What Is a "Pure Trust"?

Insurance on a Vacant Lease Option House?

Explain the Contract Term "As Is"

How Do I Insure Property in a Trust?

Land Trust to Avoid Property Tax Reassessment

Can I Keep 1929 Model 'A' Ford Truck I Found?

Tax Implications for Land Trust and Contract for Deed

The Risks and Benefits of a Contract for Deed

A House, My $40,000 in Repairs, a Will, and Three Heirs

Do I Change Title When Transferring to an LLC?

Which Is Better, an LLC or a Corporation?

How Do I Protect Multiple Properties?

How Do You Suggest Keeping Records?

LLC, Corporation, and Self Employment Tax

What's So Bad About IRS "Dealer" Status?

Will a Land Trust Get Rid of an Existing Lien?

Should I Place My Personal Residence In an LLC?

IRS and the Transfer of Rental Property into an LLC

As a Notary, What Can I Notarize?

Sales Tax Question

How Do You Select a GOOD Real Estate Attorney?

Should I Incorporate If I Do Lease Options?

How Do I Shield My Spouse from Liability?

Trust, LLC, Corporation -Which Is Easiest to Start?

Are These Rumors About Lease Option Problems True?

What Do I Do About Getting Scammed by a Broker?


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