Property Histories: Why They Matter
Fresh out of college, I found a home to buy. The place was just what I wanted and even had room to add on in the years to come. After buying the property and moving in, I found out there were some problems with the title to the property. The result is that I spent several thousand dollars in order to get the mess squared away.
If I had consulted with one of the real estate attorneys in town first, the whole matter could have been avoided. Since that time, I've learned to never commit to a real estate deal without seeking legal help.
For anyone who is considering the purchase of a property, let me tell you why past title transfers and deed information is so important. Once you learn more about my experience, the idea of seeing an attorney will make perfect sense.
Having an estate plan is an important part of bein …
If you are involved in settling the estate of a cl …
Purchasing a home that's in foreclosure (or was re …
Having an estate plan is an important part of being an adult. You should get one when you are young and then continue to revise and revamp it as you age. It is especially important that you have a good estate plan when you near retirement and enter your golden years. However, many people wonder what they can do to make their plan solid enough that their family won't fight over it.
If you are involved in settling the estate of a close family member, you might be dismayed to discover extensive debts in your family member's finances. You understandably will have plenty of questions, including who is responsible for paying those debts and how the accounts will be settled. Unfortunately, lack of knowledge when it comes to settling an estate can lead to costly mistakes. Here are some basic tips for handling deceased debt.
Purchasing a home that's in foreclosure (or was recently foreclosed upon) can potentially be a good deal. Banks are typically anxious to unload these properties, so buyers can often get the homes at less than the market value. If you purchase a home that currently has tenants, however, you have to be careful about how you handle the situation, or you may end up getting sued. Here's what you need to know.