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.
As Is Condominium Sale
A buyer asks about a condominium sale. She purchased the condominium because the living room had a partition in it. Before the condominium sale is finalized, the condo board wants the seller to remove the partition. The buyer no longer wants to go through with the condominium sale. The changes to the unit may have violated zoning laws or homeowners association regulations. What are her rights?
Down Payment For Buying A Home As A Gift
When you're selling a home and a buyer wants to buy the property as a gift is there anything you need to watch out for? Should the earnest money, which may become a down payment, be handled in a special fashion? It's critical that the transaction be handled with care to ensure estate planning and gift tax considerations are taken into account.
Homeowner Finds Home Foundation Issues, Seller Liable?
A home owner asks about who should pay for repairing his home's foundation. He discovers his home needs foundation repair five years after buying it. Whether to sue the seller depends on the cost of the foundation repair and the extent of the foundation's damage.
Escrow Money Treated As Income For Taxes
When you receive money from a canceled contract, it's usually treated as ordinary income for taxes. When a real estate contract goes bad, the money put into escrow is treated as income as opposed to capital gains. The escrow money will be taxed at a higher rate because the ordinary income tax rate is higher than the capital gains tax rate.
Real Estate Advice In Relation To Divorce
When you go through a divorce you may need to hire a real estate agent to help you sell the home you shared with your soon-to-be-ex-spouse and also to help you buy a new home. Each real estate agent uses different techniques to do his or her job and sometimes the person going through the divorce may have a hard time with some of them. Who can help you in such a situation? It helps to contact attorneys specializing in divorce and real estate prior to selling a home.
Partnership Agreement Helps Domestic Partners Who Separate
If you're in a domestic partnership and decide to separate, how should you split the home you own together? If you don't have a business partnership agreement outlining each of your interests in the property it may lead to some confusion. Learn how to divide the property equity and when it is appropriate to involve an attorney.
First Time Home Buyer Gets Inadequate Seller Disclosure
When you're a first time home buyer one of the choices you need to make is what kind of real estate agent you want to work with. If a real estate agent represents both the buyers and the sellers that person is called a dual agent. In addition, the sellers are obligated to tell you about any unusual about the home as part of seller disclosure. If they omit something, such as a septic system that's off the property, you may have to contact a real estate attorney.
Commercial Real Estate Tenant Doesn’t Pay Rent
What can you do when you own commercial real estate and your tenant doesn't pay rent? How can you evict the commercial real estate tenant? Eviction laws vary by state and some attorneys specialize in evictions for commercial real estate.