Open Question: PARENTS TOO DEPENDANT!!!!!! HELP! What Should We Do Now?!?
I had an allodial title to my home, which was passed down. I signed a contract with a bank for a Home equity loan. As a condition of the loan the Bank agreed with me that I Did not agree to tax deductions in the Home equity loan; they would not deduct a property tax, no agreement to take it out the mortgage payment; (3) I Don’t have to pay taxes in mortgage payment agreeing I would pay property taxes due to a separate arrangement with Township Tax Office if payments are due. I became surety still under the Home equity loan. The Bank forecloses on the property or Home equity loan for failure to receive payment. The Bank didn’t receive payment because they refused it. Was the bank refusal not breach of contract? There was non-payment of monthly obligations on the loan because they refuse to receive payment because of failure to pay property taxes. The Bank forecloses because Township stated I owed property tax. When I was continuing not to pay property taxes after a while the Bank foreclose on the payment. How did failure to pay property taxes breach contract my contract with the bank? Tax bills are sent out by Township Tax Office, which I refuse to honor. I didn’t have a Mortgage Loan rather Home equity loan. United Jersey Bank breached the contract when they did not receive any payment thus the contract was void. The tax issue was separate. Under New Jersey Statute it is the property owner's responsibility to make sure that the property taxes are paid when due, even though the owner may not have received the tax bill. A bill is not necessary to make a payment. There was no court decision that as the person who inherited the home property taxes were due. Under New Jersey Statute it is the property owner's responsibility to make sure that the property taxes are paid when due. Yet how do I owe property taxes? The property was taking for non-payment of Federal Reserve notes.
Me & my brother believe that our parents are completely dependant on us which is why we are worried.
We've always been provided with the bare minimum and became independant finacially around the age of 16. Since then we've been paying rent. We were given absolutely no help to fund our education as our parents claimed they could not spare a dime for us. So now we are living with our parents, and the situation has become riduculous, it seems as more time goes on, they become more dependant on us both. We have a hard enough time paying for school and bills, taking care of ourselves, and we were lucky enough to recently land some decent jobs!! We have been paying their mortgage plus all their bills, including, food, elec, water, even my father's car payment, and equity loan they have on the property!
Me and my brother can't see an end to this as my mother & father make little or no money. We have considered moving out but then who pays all their bills?! we certainly can't forever........
Technorati Tags: equity mortgage, Open, Question, PARENTS, TOO, DEPENDANT, HELP, What, Should, Now
Open Question: PARENTS TOO DEPENDANT!!!!!! HELP! What Should We Do Now?!?
Me & my brother believe that our parents are completely dependant on us which is why we are worried.
We've always been provided with the bare minimum and became independant finacially around the age of 16. Since then we've been paying rent. We were given absolutely no help to fund our education as our parents claimed they could not spare a dime for us. So now we are living with our parents, and the situation has become riduculous, it seems as more time goes on, they become more dependant on us both. We have a hard enough time paying for school and bills, taking care of ourselves, and we were lucky enough to recently land some decent jobs!! We have been paying their mortgage plus all their bills, including, food, elec, water, even my father's car payment, and equity loan they have on the property!
Me and my brother can't see an end to this as my mother & father make little or no money. We have considered moving out but then who pays all their bills?! we certainly can't forever........
Technorati Tags: equity mortgage, Open, Question, PARENTS, TOO, DEPENDANT, HELP, What, Should, Now

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