When real estate changes hands, it goes without saying that there will be a contract in place. This contract is created to protect both parties throughout the process.
When buying real estate, you may wonder to yourself why you need title insurance. While this sounds like a waste of money, there's something you need to know: A search can go a long way in uncovering problems. Furthermore, insurance will protect you in the event that an issue comes to light once you finalize the purchase.
When a person is selling his or her home, he or she may do whatever it takes to make a deal. Unfortunately, this could mean hiding certain problems in an attempt to keep the buyer in the dark.
Everybody's seen it before: a house on the block up for sale, a "Pending" sign appears after awhile -- then, suddenly, instead of a "Sold" sign going up, the house is simply back on the market again with no explanation.
Any type of real estate dispute is one that can quickly escalate. If this happens, it goes without saying that you'll want to learn more about your legal rights.
Imagine this: You just moved into a new home and you want nothing more than to deal with that old fence that separates your yard from the neighbor.
There could come a time when you find yourself locked in a border dispute with your neighbor. While you hope this doesn't happen, it's more common than many people realize.
It may be the buyer's responsibility to look into the zoning regulations before attempting to purchase any property, but it's also wise for the seller to be very aware of what the zoning looks like in advance. This can help to avoid disputes.
When purchasing a home, you want to collect as much information as possible. This often comes in the form of real estate disclosure statements.
The approval of a temporary restraining order has postponed the foreclosure of the Steinway Tower, which is located in Manhattan on "billionaire's row." The investment firm that filed for the restraining order is also an owner of the building. The firm, AmBase, filed the restraining order at the end of July.