Real Estate Law Archives

Conveyancing Fees – Smart Tricks Will Keep You Paying Low

2021-02-192022-11-25 WebEditor

Do you need to transfer the ownership of your real estate or property in legitimate way? How should you start? What are the processes? What are the documents you need to prepare? There are so many things involved in a property transfer process. Or you want to buy a property. How to negotiate the price? Are you getting accurately what you are assured by the owner? The whole process is related with large amount of money so we all become suspicious and feeling helpless during the process. This is when…

Property Law in the United Kingdom

2021-02-162022-11-25 WebEditor

The United Kingdom has different property law systems for England and Wales, Scotland and Northern Ireland. The Property law in England and in Wales comes from English Common Law System which dates back to the feudal system of land ownership. Property is something that is owned by a person or entity. English law of property is divided into two types: ‘Personal property’ and ‘Real property’. Real is any interest in land, real estates, growing plants or the improvements and developments on it and Personal is everything else. The basic theory…

California Property Taxes and Prop 13

2021-01-292022-11-25 WebEditor

When somebody inherits a home via a will, trust, intestacy or by gift, it is not necessarily true that the value of the home will be re-assessed for property tax purposes. This can be especially important to a beneficiary who inherited a home from his parents or grandparents since they probably had a low base year value of their home. For example, if Bobby Beneficiary inherited a home, currently valued at $1 million dollars, from his late parents who had purchased the home for $50,000 decades ago, he would not…

Preparing to Purchase a Home

2021-01-112022-11-25 WebEditor

Using Estate Agents Don’t just use one or two estate agents for your search. In order to widen your search for the ideal property, send a generic email containing the following information to as many local estate agents as you can. What type of property you are looking for What size and number of bedrooms you want What location and how many miles surrounding that location you are willing to extend your search to Your realistic lower and upper budget for the purchase Any specific requirements such as a garden,…

Hire An Attorney To Plan Your Estate

2021-01-092021-04-16 WebEditor

If you live up in the northern part of Washington State, and are thinking about estate planning, you may want to consider hiring a Skagit County attorney. Lawyers who specialize in this area of the law know exactly how to phrase your requests. They can also set up a will that is legally binding. A Skagit County attorney dedicated to estate planning can do far more than preparing your last will and testament. This legal representative can also: • Distribute wealth and property in accordance to your specifications • Prepare…

New Home Warranty (Tarion): Your Pre-Delivery Inspection

2021-01-062021-04-16 WebEditor

Its overwhelming – the amount of information you need to know when you buy a new home. One of the most important of these is the new home pre-delivery inspection (PDI). This article will cover: what needs to be inspected, who should go, how long it will take, what you need to take with you, the documents you will be asked to sign and the documents you should receive. Finally, what to do if something gets left off the PDI list! The purpose of the PDI is to minimize any…

Extending Your Lease – Mistakes to Avoid

2021-01-052021-04-16 WebEditor

Achieving a lease extension on your flat can significantly add to its value. However if you’re considering lease extension, be sure that you don’t make any of the following mistakes. If you are in the process of selling your property, make sure that your agent knows that you are applying for an extension. Extending your lease will add significant appeal and value to the sale. Seek legal help and advice when drafting your statutory notice to extend. The legal process for leasehold extensions is fairly strict. Taking advice from an…

Why Loan Modifications Do Not Work and What You Can Do About It

2020-12-162021-04-16 WebEditor

Many people are misguided by the thought that getting a loan modification can help them in rescuing themselves from foreclosure. An effective loan modification will surely help you in lowering down the payments of your mortgage thus making it affordable for you to put a stop to a foreclosure. Unfortunately, loan modifications rarely reduce your principle owed. Most of these completely ignore lowering the amount which is owed on the loan. They focus on reducing interest rate or term extensions. Another major reason for loan modification failure is that no…

Understanding Unclaimed Properties

2020-12-162021-04-16 WebEditor

If you are a homeowner in the state of California you could be richer than you expect and to make it even more appealing it is possible to live anywhere that you want. The issue of unclaimed property is one that many people don’t even know exist and this simple fact could be costing you a fortune. Every single year there are properties that are unclaimed, in the state of California there are millions of dollars in unclaimed properties. All the different kinds of tax refunds and insurance proceeds are…

Conveyancing Horror Stories – The Sequel

2020-12-102021-04-16 WebEditor

We’re bringing you another example of a conveyancing horror story today, with the chilling tale of a man who failed to instruct a conveyancing firm with a no move, no legal fee guarantee. Once again, names have been changed to protect identities, and the content is not for the faint hearted! Mr Evans had decided to instruct his local high street conveyancing solicitor to deal with his sale and purchase. Everything seemed to be going well until, a couple of months down the line, his conveyancing solicitor phoned to say…