BUYING PROPERTY IN PROBATE
Probate real estate has proven time and time again that it deserves a place amongst today’s best acquisition strategies. At the very least, investors who are able to acquire houses …
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Probate real estate has proven time and time again that it deserves a place amongst today’s best acquisition strategies. At the very least, investors who are able to acquire houses …
Seller financing can be a useful tool in a tight credit market. It allows sellers to move a home faster and get a sizable return on the investment. And buyers …
What Is Owner Financing? Owner or seller financing means that the current homeowner puts up part or all of the money required to buy a property. In other words, instead …
Before the days of income and estate taxes, adult children often just moved into the family home after their parents died. Unfortunately, its not that simple anymore. There are several …
A declaratory judgment, also called a declaration, is the legal determination of a court that resolves legal uncertainty for the litigants. It is a form of legally binding preventive adjudication …
A security deposit is an amount of money ranging from hundreds to thousands of dollars that a tenant pays a landlord or property manager at the beginning of a lease …
Rental property investing will require prospective buyers to consider a number of factors, not the least of which are outlined below. A good rental property is contingent on both tangible …
What is a Subordination, Non-Disturbance and Attornment Agreement, and Why Do I Need One? While most commercial leases contain a requirement that the tenant will execute a “Subordination, Non-Disturbance and …
By Ted James How to Find and Buy the Home of Your Dreams Whether its your first or fifth home purchase, buying a new place is always exciting. At the …
One of the most misunderstood aspects of Medicaid is the look back period for asset transfers and how that affects eligibility for elderly people in need of long-term healthcare. Lets …
What Is Subrogation? Subrogation is a term describing a legal right held by most insurance carriers to legally pursue a third party that caused an insurance loss to the insured. …
A transmutation agreement is a postnuptial agreement that changes the character of the spouses property from community to separate, or vice versa. It may be used to change the character …
What does prepaid mean? Prepaid items are exactly what the name implies – payments made in advance of the monies due to obtain your new loan. These amounts are often …
Specific performance is an equitable remedy in the law of contract, whereby a court issues an order requiring a party to perform a specific action, such as to complete the …
A recently filed class-action antitrust suit against the National Association of Realtors, among other major real estate players, could spell a serious shakeup for the industry. If the plaintiffs win …
When you sell a property, you’re required to disclose information about its condition that might negatively affect its value. If you willfully conceal such information, you could be convicted of …
Equity is a concept of rights distinct from legal (that is, common law) rights; it is (or, at least, it originated as) “the body of principles constituting what is fair …
The following examples of Financial Institution Fraud Investigations are written from public record documents on file in the courts within the judicial district where the cases were prosecuted. California Woman …
Benefits of Month to Month Rentals for Tenants Sometimes tenants need a place to stay but do not want a long term commitment. For these tenants, finding a landlord who …
FLAT FEE LEGAL PROTECTION PLAN FOR YOUR HOME SALE OR PURCHASE Have an attorney review your documents before signing or if you do not have an agent, our office can …
A. WHAT IS AN EASEMENT? An easement is the legal right of a non-owner to use a specific part of another persons land for a specific purpose. B. WHAT ARE …
Imagine being able to make an offer on a house before any other interested home shoppers can even have a look-see. If you have a right of first refusal negotiated …
Real Estate Covenants Law and Legal Definition A covenant is a promise in a written contract or a deed of real property. There are different types of covenants, such as …
The Difference Between a Real Estate Agent and Lawyer If you ask a realtor whether to hire a real estate agent or a lawyer to buy a house, you can …
If you are 62 or older and want money to pay off your mortgage, supplement your income, or pay for healthcare expenses you may consider a reverse mortgage. It allows …
The U.S. federal gift tax is imposed on cash and properties that individuals give to others. It’s paid by the donor, not the beneficiary of the gift, although the Internal …
ABANDONED PROPERTY Landlords are often eager to remove abandoned property of a tenant who appears to have abandoned a leased premises. Missouri law provides a procedure for removing a tenants …
When it comes to legally binding agreements, certain people are always considered to lack the legal ability (or “capacity”) to contract. As a legal matter, basically they are presumed not …
What Is Appreciation? Appreciation, in general terms, is an increase in the value of an asset over time. The increase can occur for a number of reasons, including increased demand …
Crowdfunding has become a loaded term, meaning so much more than just raising money from the public. In fact, it means different things to different people. New and old terms …
Real estate has its fair share of horror stories. One that keeps both first-time homebuyers and seasoned pros up at night is the thought of sellers walking away with their …
It turns out that there are best practice guidelines that successful real estate investors follow, and you can follow them, too. People who meet their investment goals adhere to principles …
Insurance companies view roofs as one of the most important parts of a home. Roofs protect homes from the elements and can prevent home insurance claims. If you have a …
“What is a wrap-around mortgage, and who is it good for?” A wrap-around mortgage is a loan transaction in which the lender assumes responsibility for an existing mortgage. For example, …
What is Gentrification? Gentrification is a general term for the arrival of wealthier people in an existing urban district, a related increase in rents and property values, and changes in …
Top 6 factors affecting real estate valuation Factors to consider when pricing a home are historic sales price, quality of the neighborhood, the market, nearby features and the size, appeal, …
TOP 10 THINGS AFFECTING REAL ESTATE 1. Interest rates & The Economy The Federal Reserve’s plan is to nudge interest rates back to historically normal levels. Concurrently, the passing of …