WHAT IS A CORRECTIVE DEED?
What is a Corrective Deed? A Corrective Deed is a special type of deed used to fix problems in deeds that have already been recorded. Unlike other types of …
How it Works
What is a Corrective Deed? A Corrective Deed is a special type of deed used to fix problems in deeds that have already been recorded. Unlike other types of …
A partition is a term used in the law of real property to describe an act, by a court order or otherwise, to divide up a concurrent estate into separate …
How Property Tax Sales Work in Missouri Under Missouri law, when you don’t pay your property taxes, the county collector is permitted to sell your home at a tax sale …
An accessory dwelling unit (ADU) is a smaller, independent residential dwelling unit located on the same lot as a stand-alone (i.e., detached) single-family home. ADUs go by many different names …
In property law, alienation is the voluntary act of an owner of some property disposing of the property, while alienable is the capacity for a piece of property or a …
Sign No. 1: The inspection turns up something majorly wrong Sure, you might cringe at some of the current owner’s wallpaper choices. But cosmetic issues are relatively easy to fix …
1. You’re using it as a way to gauge your relationship’s strength. Moving in together shouldn’t be a litmus test for whether your relationship is on sound foundation. It should …
Fiduciary Duties A real estate broker who becomes an agent of a seller or buyer, either intentionally through the execution of a written agreement, or unintentionally by a course of …
TRANSFER ON DEATH DEED (TODD) Planning for what happens to your home after your death can be difficult. Transfer on death deeds provide a simple, cheap way to make sure …
While the tax consequences of the sale of real estate should not drive the decision to sell or hold a property, there are important issues to consider in order to …
Homeownership has long been considered the culmination of a person’s adult life, a moment when they’ve finally achieved the American Dream. However, more and more Americans are foregoing the 30-year …
Guide to Fighting Real Estate Deed Fraud I. The Problem As real estate owners and industry professionals, we understand the importance of regular maintenance, property insurance, and other routine tasks …
Certification of trust. 456.10-1013. 1. Instead of furnishing a copy of the trust instrument to a person other than a beneficiary, the trustee may furnish to the person a certification …
How to Handle a Small Estate in Missouri If you’re wrapping up the estate of a Missouri resident who died with an estate that’s worth less than a certain dollar …
This article gives a short overview of evictions (unlawful detainers) from a landlord’s perspective. When you, the landlord, need to evict a tenant, you may not use self-help measures to …
Homeownership is a rite of passage many of us dream of. Owning a home means putting down roots and having a space that is truly yours. It’s a significant moment …
Tax Increment Financing (TIF) Tax increment financing, or TIF, subsidizes companies by refunding or diverting a portion of their taxes to help finance development in an area or (less frequently) …
Everyone who applies for housing has the right to be treated the same. The Fair Housing Act was created with the goal of advising landlords, lenders, buyers, and renters …
When two or more individuals own property — whether it’s a condominium, a home, or a piece of land — the relationship between the owners is very important. The form …
Another potential blow has been struck against the longstanding way in which real-estate agents get paid. In April, the Department of Justice wrote to CoreLogic, a real-estate software provider. …
BUYING A HOME IS AN EXCITING AND EMOTIONAL TIME FOR MANY PEOPLE. TO HELP YOU BUY YOUR HOME WITH MORE CONFIDENCE, MAKE SURE YOU GET OWNER?S TITLE INSURANCE. HERE?S WHY …
Renting vs Buying: What to Choose Any grown-up person one day may get haunted by the idea of getting a house instead of renting one. Yes, I know, we?ve all …
5 Common Swimming Pool Problems Who doesn’t like to swim in a pool? Whether we can swim or not, it’s fun being inside the pool especially with friends or family. …
Requirements for a Real Estate Purchase Contract A real estate purchase contract?also known as a contract to purchase real estate or a residential purchase agreement?is a binding, bilateral agreement between …
Judicial foreclosure refers to foreclosure cases that go through the court system. Foreclosure occurs when a home is sold to pay off an unpaid debt. Many states require foreclosures to …
Understanding Ownership of Property When an estate planning attorney meets with a new client, one of the first questions the attorney asks is “What do you own and how is …
Both get a share of the profits based on time and money invested. Real estate syndication is an effective way for investors to pool their financial and intellectual resources to …
IT’S EASY TO SEE THE rise in popularity of Airbnb and other online vacation rental sites and think it’s a good idea to buy a property dedicated to short-term housing. …
Closing gifts are almost as important in the real estate world as securing a home, at least it is if you want your clients to come back. Are you thinking …
Code of Conduct Thanks for choosing to participate in the exchange of ideas and information in the Missouri REALTORS?online community, THE LANDING. To ensure the best possible experience for all …
Types of LLC’s Domestic LLC: If your LLC is formed and operating within your state, this is a domestic LLC. Your state has the authority to govern your LLC if …
It may be hard to believe, but I receive calls regularly from buyers and sellers that have become estranged from there realtor or feel they are being taken advantage of …
How much does it cost restore water damage? Water may be a necessary part of life, but it can also do a tremendous amount of damage to your property if …
When responsible first-time home buyers need help buying a home, the family bank can sometimes lend a hand. Younger home buyers face a mountain of obstacles, including rising home prices …
One site http://(www.realestateabc.com) cites a 6.34% annual appreciate rate since 1968. But, that does account for: state, city, county, or neighborhood variations. It doesn’t account for type of house (single …
Today, 30 years on from my original proposal for an information management system, half the world is online. It’s a moment to celebrate how far we?ve come, but also an …
ALABAMA Attorneys and title companies handle closings. Conveyance is by warranty deed. Mortgages are the customary security instruments. Foreclosures are non-judicial. Foreclosure notices are published once a week for three …
You?ve likely heard terms such as net income, gross income, adjusted gross income, take-home pay, and disposable income. But do you really know what each term means, both in definition …
Cycle-low construction at odds with tightening retail vacancy. As unemployment reached the low-3 percent range by the end of 2018, the retail environment in Kansas City remains well positioned for …
Rising interest rates are providing welcome relief to savers. As previously reported, earning at least a 2% APY on your savings from an FDIC insured bank account is now much …
1. Leverage All of Your Savings Options While a 401(k) (or another employer-sponsored plan) is a good first stop for retirement savings, it’s not the only way to build your …
Airbnb Is Facing an Existential Expansion Problem Tom Slee JULY 11, 2016 Surprisingly, the new Airbnb ad campaign exhorts you not to be a tourist: ?Don’t go to Paris, don’t …
Acknowledgement and jurat certificates are the two most common notarial acts, yet there is confusion about the difference between these forms for many signers. Some notaries even find it difficult …
Employers can get into legal trouble if they ask interviewees about their religion, sexual preference, or political affiliation. Yet they can use social media to filter out job applicants based …
A Lawyers involvement in residential house sales began dwindling in the 1980s with the advent of HUD regulations requiring title insurance for mortgages, secured by residential properties, which were being …
Why Is “Full Disclosure” Important? In business transactions, especially real estate deals, the contract often contains a full disclosure requirement. Full disclosure means being truthful and forthcoming about anything the …
Real estate! It’s the way to make money ? or so some people claim. On the surface, it seems likes like a surefire bet; in reality, it’s usually more headache …
TENANT?S DEFENSES The most common complaints made by tenants deal with the condition of the property. Major problems that affect the habitability of the premises are covered by therelated doctrines …
Real estate wholesaling is similar to flipping except that the time frame is much shorter and no repairs are made to the home before the wholesaler sells it. A real …
You want extra income and you just happen to have extra space in your house. What could be more logical than turning a portion of your home into a small …
REAL ESTATE LAW Transfer-on-Death Deeds A transfer-on-death (TOD) deed, or beneficiary deed, allows an owner of real property to execute a deed that names a beneficiary who will obtain …
NONPOROUS BACKFILL. Soils loaded with clay or organic matter hold water like a sponge, increasing the risk of foundation cracks when the soil freezes and expands. RUSHING THE CURE. Concrete …
Tips on Rental Real Estate Income, Deductions and Recordkeeping If you own rental real estate, you should be aware of your federal tax responsibilities. All rental income must be reported …
By Michele Lerner December 5, 2013 If you?ve toured a newly built model home recently, you may have noticed a few things missing: a formal living room or the once-popular …
1. We’ll return to normal (Anyone remember normal?) The year ahead will see healthy growth in home sales and prices, but at a slower pace than in 2015. This slowdown …
1. Severability Though a legal precaution, this?is perhaps one of the most important clauses in a lease. This clause states that if?one aspect of the lease is found to be …
From the first decision to invest in real estate to actually buying your first rental property, there is a lot of work to be done. This task may be daunting …
Written By: Miranda Marquit Right now, I am in the process of a cross-country move. As part of this move, my husband and I have decided to sell our home. …
Inheritance law governs the rights of a decedent’s survivors to inherit property. Depending on the type of inheritance law your state has, a surviving spouse may be able to claim …
A common public misconception is that “per unit” land values apply universally within a market locale. That is, a three acre site is sometimes thought to command the same “per …
Single-Family Home – The most common definition of a single-family home is: An individual, freestanding, unattached dwelling unit, typically built on a lot larger than the structure itself, resulting in …