Call Us Today (256)350-4100

Decatur Attorney News

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that has been used in the blog.
  • Login

Decatur Attorney

Decatur Attorney has not set their biography yet

reQuireUnbeknownst to most homeowners is that our country has experienced a huge problem with lenders failing to release or satisfy mortgages, home equity lines of credit, and UCC-1 Financing Statements. Under the provisions of Code of Alabama, Section 35-10-30 , a lender has 30 days following the receipt of a payoff and a written demand to satisfy the mortgage. Unfortunately, many lenders fail to properly record these releases or they mail them to the customer/borrower for recording, and few customers understand that the Release and Satisfaction must be recorded in order to clear the mortgage from their title. Under the law, it is the responsibility of the lender to satisfy the mortgage and NOT the homeowner/borrower, but it is very common for lenders to mail Releases to borrowers.

wireI recently bought a house and the closing attorney is insisting that we wire the amount we owe at closing, even though the contract says that we can provide a cashier’s check. Is this really necessary and why? What is the big deal?

PatientProtectionActThe answer to that question is yes…BUT. The Patient Protection Affordable Care Act, better known as Obamacare, does place a 3.8% tax on investment income, which includes unearned income from capital investments, sometimes referred to as capital gains. However, the tax only applies to individuals with “other income” in excess of $200,000.00 and married couples with combined income in excess of $250,000.00 AND only on the “profit” in excess of $250,000.00 for an individual and $500,000.00 for a married couple.

Posted by on in Latest News
1
laptop-calvin

After 10 years, we have built a new website for your convenience. Much more eye catching and more informative and offering more services for our clients!

Please take a look around and let us know what you think! Contact us, we'd love to hear from you.

We look forward to helping you, your family and friends with their legal needs and ensuring a smooth closing on your next home transaction.

Thanks for your trust! 


From our offices in Decatur, Alabama, we represent clients in Morgan, Madison, Cullman, Lawrence, and Limestone Counties, including the communities of Decatur, Huntsville, Madison, Hartselle, Cullman, and Athens.

Privacy Policy
Alabama State Bar rules require the following in every attorney advertisement:
“No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.”
AV Preeminent is a registered certification mark of Reed Elsevier Properties, Inc, used under in accordance
with the Martindale-Hubbell certification procedures, standards and policies.

The information you obtain on this website is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Copyright © 2012 by J. Calvin McBride & Associates, PC. All rights reserved. You may reproduce materials available on this website for your own personal use and for non-commercial distribution. All copies must include this copyright statement.

McBride Richardson, P.C. was originally incorporated as J. Calvin McBride & Associates, P.C. and was formerly known as J. Calvin McBride & Associates, P.C.  Both of these names relate to the same corporate entity.