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- Legal Issues Involved in Purchasing a Foreclosed Property
There are often complications with a foreclosed property and the owner that could not make the mortgage payments. However, these issues may extend to the house or land once they’ve been transferred to the new owner. These problems may include deed or title situations or previous interests.
- When a Real Estate Valuation Expert Is Needed
Real estate matters are important to those that are either selling and buying or seeking investment opportunities. This means that an accurate evaluation or determination of the value of the property must be completed.
- Expert Witnesses on Drones and Privacy Issues
Drones usually defy privacy, as they are able to fly into the private and persona property of another individual. This means that if the drone is equipped with cameras or a recording device, the conversations of a person over the phone or with another and even groups may be intruded upon.
- Can I Get a Lien on Someone’s House Who Owes Me Money?
Sometimes if a person owes, he or she may not pay this debt. His or her creditor, whether an individual or a business, may decide to look for ways to ensure repayment of funds. One option may be to place a lien against the debtor’s real property.
- Legal Considerations when Purchasing a Bank-Owned Property
Pre-owned property is often overlooked for various reasons, but when someone buys the house or land again, there may be several defects. Additionally, these locations may be owned by the bank. This is especially true if there was a foreclosure. It is important to understand how these properties are different than when purchasing through a seller with a financing company backing the purchaser.
- Falsification of Taxes and Real Estate Projects
Preparation of tax returns that are false or contain inconsistencies may lead to criminal charges. Real estate projects may be harmed from the illegal acts committed by some attempting to increase returns for clients through larger refunds and providing incorrect data to the Internal Revenue Service.
- Legal Consequences of Broker's License Suspension When Assisting with Real Estate Dealings
Having a broker’s license is important to real estate dealings. Without these, it is not legal for the individual to handle the processes that property sales entail. However, if the person does work with real estate, financing or the sources of funding while his or her license has been suspended, he or she may find severe legal consequences being issued.
- What is a Real Estate 1031 Exchange?
There are numerous types of exchanges and deals with real estate that may not be known by the general public. In this regard, the Internal Revenue Service permits certain actions to be completed provided they fall into categories and forms are filled out with all appropriate activities. This would include an exchange 1031.
- How Lawyers Assist in Construction Defect Cases
Defects occur so often as per specifications are not always followed, some machines break down, certain designs are not perfected and accidents happen. Because of these defects, constructed structures may have issues within walls, floors, through materials or with added items such as insulation.
- How to Treat Secondary Debt When Buying a Property
Convention debt accrued when purchasing property in real estate dealings usually comes from banks, insurance agencies, savings and loan organizations and similar services. However, when these are not available, the prospective buyer must look elsewhere. This leads to secondary borrowing procedures such as through a broker, mortgage banker governmental assistance and state or local branches of monetary aid.