Often, real estate transactions are tricky and complicated, leaving buyers with no clue about what they should do next. A real estate lawyer can guide you through all negotiations, reviews, agreements, and other matters involved in a purchase.
A real attorney does a lot of things like researching titles, preparing and reviewing paperwork, closing sales on behalf of a client and even facilitating the transfer of funds. However, the most important task of such a professional is to guide his or her client and ensure that they steer clear of trouble.
Typically, the purchase and sale of commercial real estate property requires a lawyer who is experienced in litigation, banking and other areas of business.
We understand that real estate transactions are serious business. Our law office can walk you through your legal issues from start to finish. We are a trusted resource that can give you advice about your real estate rights.
Dealing with inheritance and estate tax issues left behind by a property owner who passes away can be quite daunting. Fortunately, this doesn't have to be the case as you can always hire an established real estate lawyer to sort things out.
As real estate attorneys, we help resolve title insurance and environmental issues. In addition, we also help lenders carry out a foreclosure or provide defense to borrowers against foreclosures.
A buyer who backs out without what is considered to be legal good cause is in breach of contract. Typically, they will lose their earnest money deposit, and may actually be subject to legal action for breach of contract by the seller.
Real estate transactions do not always work out and when they don’t, a lawsuit may result. Hiring a skilled real estate attorney will include bargaining with an opposing counsel to try and work out a settlement agreement.
Do you know why the Empire State Building was once nicknamed “The Empty Space Building”? Well, it was due to the Great Depression when approximately 77% of its office space remained unleased for several years.
Did you know during the early 20th century that people used to burn their mortgage paperwork after their last loan payment as a sign of freedom from obligation?
What is earnest money? Very much what it sounds like - the potential buyer pays an agreed upon amount to show they are legitimately interested - or earnest - before the process begins.
Whether a person is looking to buy, sell, lease or finance, our capable team of real estate attorneys will guide you to a favorable outcome in a timely and cost-effective manner.
Did you know that some real estate contracts will need the go-ahead of a real estate lawyer before they become valid? This is done to ensure that everything is above board and that the buyer and seller are on equal footing before things are finalized.
Marshall Field has rightly said, “Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.”
What is an amortization schedule? It refers to the repayment structure of a mortgage - generally meaning that more of the monthly payment goes toward interest in the beginning, with more going toward principal later in the loan.
Before you pull the trigger on a real estate deal, it would help to consult with a real estate lawyer first. This is especially true if the paperwork for the property is a bit murky because there are possible legal entanglements that you may encounter.
Having jointly owned property can create problems when it comes time to sell it. Working with a real estate attorney can guide you through the processes so that what happens meets all necessary legal criteria.
When is the right time to hire a real estate attorney? Any time, actually. Some hire the services of a lawyer when the transaction begins. Others have an attorney step in to serve as litigators when a dispute arises.
Real estate attorneys concentrate their legal knowledge and skills on situations that concern real property. But what is real property anyway? Legally, real property pertains to land and everything that is on it, including immovable structures and even plants and trees.
Much like doctors, lawyers also concentrate their practices in different fields. Case in point? There are business lawyers, intellectual property lawyers, family lawyers, legal malpractice lawyers, digital media lawyers and real estate lawyers, among others.
If you're serious about buying property, you should also consider hiring a good real estate attorney. Retaining one will certainly cost you, but having a professional around to shield you against bad deals should more than make up for what you will be spending.
Real Estate attorneys prepare deeds for contract transactions and financing agreements, and they are experienced in negotiating sweet deals for their clients. Often clients ask their real estate attorney to negotiate the terms of a real estate deal.
