The Ask the Real Estate Lawyer column by Samuel Tamkin answers your questions about real estate and the law. These helpful articles by Ilyce Glink and real estate attorney Samuel Tamkin cover all sorts of topics, everything from buying a vacation home to selling investment property.
Real Estate Lawsuit Concerns New Construction
What happens if your new home gets built on the wrong lot? You may be involved in a lawsuit with the builder, mortgage lender, title company and real estate agent. To sort out who's responsible for what and to ensure that you get clear title to your new home, make sure to hire a good real estate attorney.
Timeshare Inheritance: Pay Property Taxes
When you get a timeshare inheritance you're responsible for property taxes and maintenance as if it were real property. Even if you don't want the timeshare, you're responsible for property taxes and maintenance until you can sell the timeshare. To determine what to do with the timeshare you may want to contact a real estate attorney.
How To File Complaint Against Real Estate Agent
A buyer is out a large sum of money due to fraud committed by a real estate agent. A complaint can be filed against the agent, but an attorney should really be used to go after this agent. It's though to know how to proceed against the agent without the help of a competent litigator.
Hire Attorney To Resolve Title Problems
When your spouse passes away and the title to your home has the name of another individual on it, what can you do? One option is to offer to buy out the other party whose name is on the title to the home. Another option is to hire an estate attorney to resolve title problems.
More On Adverse Possession
Adverse possession is the legal term given to a person who takes real estate to be his own without the consent of the rightful owner. Some states do require the person who is claiming ownership to property that he or she knows might not be theirs or is not theirs, to pay the real estate taxes on that land. While adverse possession is hard to prove in urban areas, it can happen.
Protect Your Real Estate Investment From Adverse Possession
What should you do when a neighbor encroaches on your land, especially if it is an investment property? Learn from a trial lawyer what he advises for cases of adverse possession. Understanding how to handle adverse possession will help you protect your real estate investment.
Mortgage Lenders Use Ratios To Set Mortgage Amount
Are you applying for a mortgage? Mortgage lenders use a variety of ratios including the front-end, back-end and loan-to-value ratios to determine if you can afford the mortgage. Learn how these ratios are used to assess your ability to pay back a mortgage.
Second Mortgage For Tear Down
A homeowner is thinking of getting a second mortgage to finance the tearing down and rebuilding of her home. This will put her initial mortgage at risk of being called due. The homeowner should talk with several local mortgage companies to determine what options this homeowner may exercise.
Quit Claim Deed May Prevent Property Sale
What happens when you quit claim a property to a friend who makes you promises to take care of a property and your interests in it and then renegs? You've given up your property rights because of the quit claim deed. It may be time to hire an attorney.
New Construction May Eliminate Tall Trees
What can you do if new construction on a neighboring lot will impact your property? You can talk to the new construction developer or to the county to try to get some resolution. In addition, a real estate attorney may be able to help you get compensated for the loss of the trees.