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.
Unclear Property Line Leads To Driveway Mistake
When you build a new home it's critical to understand the property lines. What happens if the builder creates your driveway on property that's not yours? You have to figure out who made the mistake and that party may be liable to fix it. You need to look at surveys, easements and the contract you used to buy the property. Then you can contact a real estate attorney to resolve this property mistake.
1031 Exchange: IRS Rules For Investment Property Purchase
A father wonders if he can do a 1031 exchange and rent back the newly purchased investment property to his struggling son. Sam discusses the details of the 1031 exchange commonly known as Starker trusts, the IRS rules behind them and how they apply to investment property. One key point: a good real estate attorney will help you navigate the IRS tax rules about a 1031 exchange and how it applies to investment property.
Rental Property Owners Need Real Estate Attorney To Protect Investments, Limit Liability
Owners of rental property should consult and retain a good real estate attorney to protect their investments and limit liability. There are multiple avenues rental property owners can use to find a real estate attorney to help protect investments and limit liability. Calling your local bar association is the best way to find a real estate attorney, protect your investment, and limit the liability that comes with owning rental property.
Protecting Yourself from Liabilities at Rental Property
There are various ways to protect yourself when owning rental property. But first you have to determine which types of liability you're vulnerable to at those properties. You may want to look at an umbrella policy for your rental property investments, or have a separate company own each property.
Easement May Solve Title Problem
When a property line is incorrectly recorded it results in title problems, which can delay or prevent a home sale. To resolve this kind of title problem, you have to correct the documents filed with the homeowners association and possibly create an easement so that the property line becomes acceptable. It may also be worthwhile to ask the developer to modify the documents that describe the property line.
Noisy Condominium Neighbors
Condominiums - What can you do if a neighbor violates condominium rules and regulations and your condo association won't do anything about it? You can try talking to your neighbor to see if you can resolve it. If that doesn't work, you may have to consider moving. If the neighbor's actions don't violate the law, there's nothing that can be done.
Seller Disclosure: Damage After Home Inspection And Closing
What is the seller's responsibility as far as seller disclosure once the home inspection and closing are over? Does seller disclosure still apply, if hail damages the home after the buyer has the home inspection and closing. Months after the home inspection and closing the buyer is still trying to get the seller to file an insurance claim.