Hey, It's Free Legal Advice Day, AGAIN
Okay people. LISTEN TO ME. LISTEN TO ME VERY CAREFULLY. We have been through this before, but, here I am, I'm going to say it again, because, evidently, I have not gotten the word out to the entire country. Or even the entire state in which I live - or even, for that matter, the entire county in which I practice law.
Land contracts. ARE. A. BAD. IDEA. Seriously. I mean it. Don't get involved in a land contract. BUT, if you are embroiled in a land contract, for the LOVE OF ALL THAT IS HOLY AND GOOD, record the land contract. DO YOU HEAR ME??? RECORD IT. RECORD. IT. WITH THE COUNTY RECORDER. Or the Register of Deeds. (Depending on what state you live in.)
I'm going to make this very simple. Unrecorded land contract=financial ruin. So. JUST. DON'T. DO. IT.
________________________
Piece of free legal advice number 2:
If you are already married, DO NOT, under ANY CIRCUMSTANCES, fly to Las Vegas and MARRY SOMEONE ELSE. Bigamy is a crime, people. Take this to heart.
Also, if you do this, against the very sound advice of LAWMOMMY, do NOT be surprised if BOTH of your spouses (or putative spouses) want your head on a platter. You have been warned.
That is all for now.
LM
posted by LawMommy at 12:16 PM
6 Comments:
It sounds like you've had someinteresting days at work!
LOL....The Vegas situation seems interesting....:-)
~Michelle
Bahahahahahaha. And how was YOUR day?
I will be sure to keep that in mind.
Oh lordy. Land contracts. We made the big, huge naive mistake of trusting a stupid realtor and "selling" our first house on land contract. Big, big, bad mistake. Much money lost (and it was recorded). Big, big bad mistake. I can only second what you have said -- DON'T DO IT! As far as the Vegas thing -- geez. People are stupid.
Your work is SO interesting! I shall be sure to heed both pieces of advice. ;-)
What you said. Plus, it's NEVER a good idea to put your house up as collateral for someone's bail. Just. Don't. Do. It.
And estate planning forms out of a book *will* cost you more in the long run than paying an actual attorney to draft the documents for you.
More free legal advice from Another Law Mommy :)
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