A lawyer is a person who can give legal advice, draft contracts, help with lawsuits, anything related to the law. Many people don’t consult with a lawyer when they should. Take advantages of the services of a lawyer, depending on your situation. When buying property, writing a will or trying to untangle your taxes, a lawyer can be a great help.
Breach Of Contract Puts Earnest Money At Risk
What are your options when you're selling a home and the buyer puts down earnest money and later delays the closing? Can the seller keep the buyer's earnest money if the buyer has not met his or her contract obligations by delaying closing? Yes, but getting the earnest money requires keeping a good paper trail!
Hire Real Estate Attorney When Buying Or Selling
When should you hire a real estate attorney? States do not require real estate attorneys to participate in buying or selling transactions so it's up to you. It's a good idea to hire a real estate attorney when you're not familiar with the nuances of a buying or selling contract for real estate.
Consumer Advice: The Lemon Law
If your automobile is less than two-and-a-half years old and has been repaired under the manufacturer's warranty several times but still has a substantial problem, the vehicle may be a "lemon." Contact your state's Attorney General's office for their Motor Vehicle Lemon Law program
Selling Commercial Real Estate And Tax Deduction
When you want to sell commercial real estate to a non-profit such as a church, the group may not be able to pay you full property value. What can the non-profit do to make the commercial real estate sale worth it for the seller? The group may be able to offer the seller a tax deduction in exchange for a cash contribution in addition to the property. It's important to involve an attorney in the transaction.
Loan Approval Letter Versus Loan Commitment Letter
A loan approval letter will generally state that the borrower is approved for a loan and will fund on the loan upon satisfaction of certain conditions. A loan commitment letter will state that a lender commits to fund on a loan upon the satisfaction of certain conditions. Both of these types of letters are routinely used by lenders and most people involved in real estate closings will accept either type.
Transferring Rental Property To LLC
Most rental property owners put the title for their property in their own name is the standard, but holding title in the name of a corporation can make sense in certain situations. The advantages of holding a real estate investment in a corporation or limited liability company is to insulate the shareholders from lawsuits that may come about from the ownership of the property.
Subleasing Rental Property May Be Illegal
A renter has been subletting an apartment and paying the original tenant the monthly rent. Now it turns out that the sublease is illegal and the original tenant may not have not been paying on the lease. The subleaser may be obligated to pay back rent to the apartment owner. In general, if you're going to sublease an apartment, you have to make sure the owner has knowledge of your existence, has consented to the sublease in writing and that the parties understand who will be paying what and when.
Mortgage Loans: Pricing The Best Home Loan For You
Want to get a good mortgage loan? Be sure to shop around, compare prices, and negotiate with mortgage lenders to get the best mortgage loan for you. Just remember, the best loan for you may not be the cheapest loan you’re offered by the mortgage lender.