contracts
Buyer’s Remorse in New Construction Home Purchase
New construction home buyer gets buyer’s remorse and wants to buy a different home. Q: I signed a contract two months ago for a newly-built house with a leading builder. The home will take about four months to build. The …
Terminating Purchase Contract For Home
Once signed, it may not be easy to terminate a contract for a home. Q: My friend and I are in the final stages of buying a house. The property is going to be in her name only but some …
Neighbor Law: Fence Matters Indicate Wrong Property Line
Q: We found out that the property line between my home and my neighbors’ home is different from what the builder said when he sold us our home. Our neighbor had a survey done to put up a fence. During …
Terminating A Contract With A Bad Real Estate Agent
Q: My real estate agent failed to notify me of a valid bid for my property. He claimed to have opened the bid on a Sunday evening and failed to realize the bid expired on the next day at noon. …
Refinance Needed To Change Name On Mortgage During A Divorce
Q: When I was married, my wife and I signed a loan to buy a home. We got divorced, but she was awarded the house in the divorce agreement and stayed in the property for a few years after our …
Consolidated Tax Bill Can Cause Mistakes On Sale Of Property
Q: I have been caught up in a real estate nightmare. I purchased a single family home earlier this year. Last month I discovered that I was conveyed two lots instead of one. I talked to people at the tax …
1031 Exchanges For Real Estate Investment LLC
Q: Does doing a 1031 exchange inside an LLC come with any additional headaches? A: A 1031 exchange is term used to describe the sale and purchase of real estate that defers the payment of any federal income taxes. If …
Divorce May Not End Joint Tenancy Deed
Q: Here’s my question: Let’s say a husband and wife own a rental property with a joint tenancy and a right to survivorship deed. Later, they divorce without changing the deed, and 10 years later, one of them passes away. …
How To Terminate a Listing Agreement
Q: I recently terminated a listing agreement with a real estate sales office. One week after terminating, they presented me with a contract from a buyer to buy my home. How long do I have to wait before I can …
Partnership Agreement Can Resolve Real Estate Title Transfer Dispute
Q: I had a partnership with another guy for 30 years with a buy and sell agreement and with a right of first refusal. We owned a building with several stores. His wife received the rents and paid the bills. …
