Residential and commercial real estate transactions can become complicated and difficult, if you’re not familiar with the ramifications of real estate rules and laws. Some of the real estate issues we can assist with are:
- Short Sales: A short sale is the process of selling a property at a value lower than what is left on a mortgage in order to avoid a foreclosure. This can result in less damage to your credit and less of a chance of being pursued by debt collectors. The downside to a short sale, is that some lenders may not want to participate in it. We can review your situation and help determine whether or not a short sale is right for you.
- Deed in Lieu Bank Negotiations: A deed in lieu is another way to avoid foreclosure with a bank. It involves transferring the title of the property to the bank to settle the mortgage. Unlike a short sale, the property owner does not have to sell the property themselves in this scenario; the property is simply given directly to the bank. We can assist in negotiating with the bank to make this happen.
- Residential Sales/Purchases: Buying and selling a home or personal property is often the largest financial transaction an individual will make. Legal issues surrounding title transfers and purchasing contracts can become very involved. We can help sort it all out.
- Landlord and Tenant Matters: Whether you’re a landlord or a tenant, you have certain rights and responsibilities you should be aware of. If you feel as though these rights have been violated, or responsibilities have been neglected, we are here to advise you on next steps and determine the best course of action for you.
- Leases: A lease agreement is a legal contract, and you should understand exactly what is in the lease so you can be protected against another party who may knowingly or unknowingly infringe upon this contract.
- Commercial Purchases/Leases: Commercial real estate is property that’s used for business, unlike residential real estate, which is primarily for providing living space. Commercial real estate is typically leased, rather than sold to, a business that will use it for generating income.
Although real estate law can quickly become confusing and overwhelming, we are here to help make your transactions painless, and help you watch out for costly mistakes.