If you are buying or selling a home, are in a real estate dispute, or are contemplating a real estate transaction, you need to know your rights and have them thoroughly explained to you. A broad range of issues are encompassed in real estate law. A real estate attorney can answer and explain any questions you have regarding issues of property law, such as easement disputes, foreclosures, injuries, property taxes, neighbor relations, property deeds, real estate warranties, different types of mortgages and insurance, and buying or selling real estate.
Make sure you are fully protected before you sign any final documents.
Real estate disputes can occur with any type of transaction, not just typical disputes during the transaction process such as buying and selling property including defects, titles, and deeds. Disputes can occur in a range of property law areas such as boundary disputes, injuries on the property, trespassing, nuisance, and encroachment. Disputes can be common when a homeowner is unable to make their mortgage payment(s). A mortgage lender can foreclose on a property if the homeowner fails to make payments, though it may vary depending on the terms of their mortgage agreement. A foreclosure involves the lender repossessing the home and then reselling it to another property buyer.
Foreclosure involves a lot of legal procedures that a knowledgeable real estate attorney can assist with. Depending on your state laws, you may be able to stay in your home until the foreclosure process is complete. An experienced real estate attorney may help you work with your mortgage lender to prevent your property from entering foreclosure. It is advisable to consult with a real estate attorney if you are faced with foreclosure or another real estate dispute.
It is advisable to hire a knowledgeable and experienced real estate attorney for any real estate transaction. These transactions are most likely the largest and most important purchases of your life. A real estate attorney can help you, whether you are buying, selling, or dealing with another type of real estate transaction.
Many people are involved in various stages of real estate transactions or disputes. Anyone can make a mistake, which can potentially cost a lot of time and money, not to mention the property in dispute. As an example, if you are purchasing a home and it is discovered that it has an illegal unit or addition, tenants in resident, or there is an existing problem with the title to the property, you will most likely need to take some legal action to remedy the situation. Do NOT take possible biased legal or real estate advice or opinions from the seller or one of the agents of the property, even though they may also be an attorney. The seller or the agent makes their money when the property is sold. What is in your best interest may not be in their best interest. You need a real estate attorney by your side who is looking out solely for your concerns and protection and will review all the real estate documents for accuracy. A knowledgeable and experienced real estate attorney will be able to assist and guide you through property law, which can be complicated and a time-consuming experience.
One of the largest financial transactions you will ever make in your life is the purchase of a home. There are issues that may arise at any stage of the transaction. You may wonder where you should live, how you will pay for the new home, how to make an offer on the home, and how much your offer should be. Your prospective home will need to be inspected, a deed prepared, and necessary repairs made before the closing. You need to make sure you are protected before you sign the final documents. You need to ensure you know what you are buying, including all the good and bad aspects of the home.
You need to make sure you know all of the answer to potentially damaging issues such as:
• Zoning violation issues with the property
• Any present or past environmental hazards on the property
• Any covenants or restrictions on the property that would limit your use of the property
• Changes to your mortgage over time. Can you afford all of the payments over time?
• Potential issues with the chain of title to the house. Will it interfere with your full ownership of
• Accuracy of the property estimate
• Are the real estate taxes affordable? What are the real estate taxes?
Home owners can protect themselves for many issues by taking time to find out all the information needed about purchasing real estate and discussing any potential problems and issues with an experienced real estate attorney.