| Causing Damage to a Neighbor's Property |
|
| Generally speaking, if a property owner undertakes an action that results in damage to the property that is owned by his or her neighbor, the offending property owner may be liable. More... |
|
|
| Insuring Your Real Estate against Liability |
|
| A homeowner, a landlord, or a tenant may be subject to liability if someone is injured on the premises. If there is no insurance, the damages will have to be paid out of pocket. Various types of insurance policies can shift liability from the property owner to an insurance company in exchange for the payment of premiums. More... |
|
|
| Residential Real Estate Contracts |
|
| When buying or selling real estate, a contract must be drawn up between the buyer and the seller. In order to satisfy the requirements of the Statute of Frauds, the contract must be in writing and signed by the parties. Ordinarily, the contract consists of a blank form that is provided by the seller's broker, but an attorney may also draw up the contract. Other times, the seller will draft the contract himself or herself. The responsibility for drafting the contract may vary from one location to the next, depending on local custom and statutes. More... |
|
|
| Disclosures in Residential Real Estate Transactions |
|
| One of the biggest decisions in a person's life is the decision to buy real estate. The excitement often associated with the purchase of a new home can be overshadowed by disappointment once the newness wears off and defects become apparent. Generally, the rule of "caveat emptor" -- buyer beware -- requires the buyer to conduct a reasonable inspection of the premises to discover defects and imperfections. More... |
|
|
| Bridge Loans |
|
| A bridge loan is a short-term loan designed to assist a borrower in Alex's situation. When a borrower has sufficient equity in an existing home, the borrower can borrow against the equity in the existing home in order to finance the down payment on a new home. More... |
|
|