real estate law
Joint Mortgage Payment Problems
Joint mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and has the ability to foreclose on the …
Dividing Joint Property When Co-owner Died Without a Will
Dividing joint property when a co-owner dies without a will depends on whether titleTitle refers to the ownershipOwnership is the absolute right to use, enjoy, and dispose of property. You own it! of a particular piece of property. was held in …
Finding Your Property Line Before Buying
Q: I am reading your book, Buy Close, Move In!, and it doesn’t say anything about property lines. I found out that the property line is actually half way through the yard on a property I want to buy because …
For Sale By Owner Advice, Expert Real Estate Tips
Q: I have a possible buyer for my home and am selling it by myself. There is no agentAn Agent is an individual who acts on behalf of a consumer. A real estate agent represents a buyer or a seller …
Using An LLC To Buy Rental Property
You may want to use an LLC to buy rental properties, it may be more cost effective to own in your own name with good insurance in your name. Q: I recently purchased a rental property in Illinois. The titleTitle …
Home Inspector Missed Problem With Underground Storage Tank
Even if you hire a great home inspector (ASHI member), when it comes to an underground fuel storage tanks, problems can be missed. Q: We bought a house in Winchester, VA about ten years ago. We had a professional home …
Quit Claim Deed From Divorce Not Signed At Refinancing
In a divorce, if one spouse will keep the home, the other spouse should quit claim deedA Quit Claim Deed is a deed that operates to release any interestInterest is money charged for the use of borrowed funds. Usually expressed …
Buying Foreclosed Homes And Getting to Closing
You might have succeeded in buying a foreclosed home, you’ll need to get the bank’s attention to get tot he closing table. Q: I am buying a foreclosed home from a bank in Georgia. I am paying cash for the …
Dues Not Paid to HOA Homeowners Association
You live in a homeowner’s association and people aren’t paying their dues, what should you do? Sue, dissolve, or collect? Q: We have about 70 homes in our subdivisionA Subdivision is the division of a large piece of property into …
Home Buying Has Risks
Home buying has risks even when buying a condominium with a homeowners association. Q: I’m in the process of purchasing a condominium and there’s a wooden deck near the porch with drainage under it. The Homeowners Association (HOA) says that …
