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Put broadly, a 1031 exchange is a swap of one property for another. This is done between people with investment properties because of a wish to move, for example, without having to go through a traditional buying/selling process. Most property swaps will be taxed as...
Many people think of the eviction process as a long, drawn-out affair that can take months. That's not the case, however. Landlords who have non-paying tenants may be able to evict them in as little as two weeks. If you're a landlord, you must follow specific steps...
If someone you love has passed away and willed you their home, then it may be necessary to change the home’s title. This usually happens in one of three ways. The first is by having the successor trustee prepare, record and submit the transfer deed. The second way is...
If you are struggling to keep up on payments on your business property, something that you may need to consider is a deed in lieu. A deed in lieu is a legal document that passes on all interest in a property from the borrower to the lender. This helps satisfy a loan...
Quite often, real estate is jointly owned by more than one party. When those parties can’t agree on how to manage that property, that can create significant conflicts. Sometimes, the only way out of the situation is to ask a court to make some decisions through a...
If you’re trying to defend yourself against a foreclosure, one think you may want to look into is a loan modification. A loan modification varies from lender to lender, so it’s important to have an attorney on your side who is familiar with the process your lender...
As a commercial landlord, the lease that you execute with your tenants is one of the most important legal protections that you have. As with residential landlords, some commercial property owners make the mistake of using boilerplate documents and identical terms for...
Your home isn’t worth as much as you need it to be worth in order to sell it and make a profit. You know that selling it may not even cover the remaining debt on your mortgage. Rather than continuing to pay large sums for a home that has significantly decreased in...
Contractors are hired by individuals or companies for specific projects. These jobs usually come with a contract that outlines the responsibilities of both parties. It’s imperative that you understand what to look for in a construction contract so you can ensure that...
Whether you are expanding into the commercial real estate arena or are already a seasoned property transaction professional, it is always wise to reduce your legal difficulties. Without up-to-date knowledge, you may find yourself facing any number of legal issues...
