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If my rental property goes into foreclosure, is my primary residence protected?

Additional Information: I own a 1 bedroom condo in Needham and am looking to buy a larger condo. My 1 bed condo is only worth about 25% of what I paid for it.  If I’m unable to rent it after I buy the 2 bedroom, and the 1 bedroom goes into foreclosure, can they take the 2 bedroom from me?  Can I file a declaration of homestead in Massachusetts? Would this help protect my properties? ATTORNEY ANSWER: Once again, the answer

Read More »

December 10, 2011 – Boston Asian Landlord Association Seminar 波士頓亞裔房東協會

Dear Landlord and Friend, Do you know where your property lines are? Do you assume that fence between your property and the neighbors’ is the property line? Is part of your land being used by someone else? Do you know you may lose the right to your land after 20 years of open use by someone else? This month’s seminar is next Saturday December 10th. We will start at 6:00PM for networking. The seminar will start at 7:00PM. The location is:

Read More »

I have a question re: short sale on our home in Westwood.

Additional Information: My wife and I are considering a short sale on our home in Westwood.  What are the tax obligations we may face? ATTORNEY ANSWER: The short answer is that it depends on the circumstances and you should check with a tax accountant on this issue. Generally, with regard to federal sales taxes, your liability depends upon whether the Westwood home is a primary residence or not. If your Westwood home is your primary residence, The Mortgage Debt Relief Act

Read More »

Avoid Exposure to Winter Weather-Related Litigation

What You Should Know About Accumulation of Snow and Ice By: Howard S. Goldman What is the winter forecast for this year? According to the managing editor of the Farmer’s Almanac, “New England and Massachusetts are going to have a very stormy and snowy winter on tap.”  As we approach the upcoming New England Winter, it is important for business and property owners alike to keep abreast of the latest developments and trends in Massachusetts law to minimize the exposure to

Read More »

The Top 5 Traps to Avoid When Buying a Business

The American dream of one day owning your own business and being your own boss is often considered.  After years of hard work and savings, you finally purchase your own business. Within 6 months of purchase, however, your business is closed, and to make matters worse, you have signed a personal guaranty on a long term lease and are considering filing for personal bankruptcy protection. Unfortunately, the attorneys at Goldman & Pease LLC have seen this happens all too often. We

Read More »

December 9, 2011 – Pitfalls for Property Managers

Attorney Howard Goldman and Attorney Cameron Pease will host a seminar for the Premier Property Solutions on Friday, December 9, 2011. December 9, 2011: Boston Topic Covered: Protecting Tenant at Foreclosure Act, New Lead Paint Law, Data Security Regulations, New Wage Act,  Collection Techniques, and more.  

Read More »

November 29, 2011 – Fidelity Title Legal Updates

Goldman & Pease will be presenting to the real estate title insurance claims representatives  from Fidelity on Tuesday, November 29, 2011 in Jacksonville, Florida. November 29, 2011: Jacksonville, Florida Topic Covered: Equitable Subrogation, Bankruptcy Impact, Boundary Disputes/Adverse Possession, Mechanics Liens, Tax Taking, Foreclosure Statue, Homestead Declaration, and more.  

Read More »

October 4, 2011 – Lawyer’s Council Presents “Better Time Management”

October 4:  8:00 am – 9 am Newton Needham Chamber of Commerce – Lawyer’s Council Topic: Increase Your Revenue & Happiness with Better Time Management (PDF Flyer) Location: 140 Kendrick Street Main Building C Needham, MA Practical advice on focusing on what’s most important, controlling email so it doesn’t control you and hopping onto the 21st Century’s bandwagon of technological efficiency and empowerment. All in an Hour!!! Learn: *Tips for Focusing Your Practice on Success *Putting A Stop To Email Overload

Read More »

My boyfriend and I own a house in Southborough MA.

Additional Information: We recently broke up and I moved out.  I’m still paying 1/2 the mortgage. How do we equitably split the house? ATTORNEY ANSWER: This is becoming a common problem today as more unmarried people purchase real estate together. When I counsel unmarried couples who purchase real estate in this day and age, I recommend that they enter into Agreements that outline how the parties will “uncouple” in the event of a breakup. In addition to the questions you raise,

Read More »

If my rental property goes into foreclosure, is my primary residence protected?

Additional Information: I own a 1 bedroom condo in Needham and am looking to buy a larger condo. My 1 bed condo is only worth about 25% of what I paid for it.  If I’m unable to rent it after I buy the 2 bedroom, and the 1 bedroom goes into foreclosure, can they take the 2 bedroom from me?  Can I file a declaration of homestead in Massachusetts? Would this help protect my properties? ATTORNEY ANSWER: Once again, the answer

Read More »

December 10, 2011 – Boston Asian Landlord Association Seminar 波士頓亞裔房東協會

Dear Landlord and Friend, Do you know where your property lines are? Do you assume that fence between your property and the neighbors’ is the property line? Is part of your land being used by someone else? Do you know you may lose the right to your land after 20 years of open use by someone else? This month’s seminar is next Saturday December 10th. We will start at 6:00PM for networking. The seminar will start at 7:00PM. The location is:

Read More »

I have a question re: short sale on our home in Westwood.

Additional Information: My wife and I are considering a short sale on our home in Westwood.  What are the tax obligations we may face? ATTORNEY ANSWER: The short answer is that it depends on the circumstances and you should check with a tax accountant on this issue. Generally, with regard to federal sales taxes, your liability depends upon whether the Westwood home is a primary residence or not. If your Westwood home is your primary residence, The Mortgage Debt Relief Act

Read More »

Avoid Exposure to Winter Weather-Related Litigation

What You Should Know About Accumulation of Snow and Ice By: Howard S. Goldman What is the winter forecast for this year? According to the managing editor of the Farmer’s Almanac, “New England and Massachusetts are going to have a very stormy and snowy winter on tap.”  As we approach the upcoming New England Winter, it is important for business and property owners alike to keep abreast of the latest developments and trends in Massachusetts law to minimize the exposure to

Read More »

The Top 5 Traps to Avoid When Buying a Business

The American dream of one day owning your own business and being your own boss is often considered.  After years of hard work and savings, you finally purchase your own business. Within 6 months of purchase, however, your business is closed, and to make matters worse, you have signed a personal guaranty on a long term lease and are considering filing for personal bankruptcy protection. Unfortunately, the attorneys at Goldman & Pease LLC have seen this happens all too often. We

Read More »

December 9, 2011 – Pitfalls for Property Managers

Attorney Howard Goldman and Attorney Cameron Pease will host a seminar for the Premier Property Solutions on Friday, December 9, 2011. December 9, 2011: Boston Topic Covered: Protecting Tenant at Foreclosure Act, New Lead Paint Law, Data Security Regulations, New Wage Act,  Collection Techniques, and more.  

Read More »

November 29, 2011 – Fidelity Title Legal Updates

Goldman & Pease will be presenting to the real estate title insurance claims representatives  from Fidelity on Tuesday, November 29, 2011 in Jacksonville, Florida. November 29, 2011: Jacksonville, Florida Topic Covered: Equitable Subrogation, Bankruptcy Impact, Boundary Disputes/Adverse Possession, Mechanics Liens, Tax Taking, Foreclosure Statue, Homestead Declaration, and more.  

Read More »

October 4, 2011 – Lawyer’s Council Presents “Better Time Management”

October 4:  8:00 am – 9 am Newton Needham Chamber of Commerce – Lawyer’s Council Topic: Increase Your Revenue & Happiness with Better Time Management (PDF Flyer) Location: 140 Kendrick Street Main Building C Needham, MA Practical advice on focusing on what’s most important, controlling email so it doesn’t control you and hopping onto the 21st Century’s bandwagon of technological efficiency and empowerment. All in an Hour!!! Learn: *Tips for Focusing Your Practice on Success *Putting A Stop To Email Overload

Read More »

My boyfriend and I own a house in Southborough MA.

Additional Information: We recently broke up and I moved out.  I’m still paying 1/2 the mortgage. How do we equitably split the house? ATTORNEY ANSWER: This is becoming a common problem today as more unmarried people purchase real estate together. When I counsel unmarried couples who purchase real estate in this day and age, I recommend that they enter into Agreements that outline how the parties will “uncouple” in the event of a breakup. In addition to the questions you raise,

Read More »
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