Category Archives: Real Estate Law

The Need Of Real Estate Lawyer Services

Real estate law is a very complicated area that not all lawyers know. Whether you are buying a house or trying to sell a piece of land, or just need to solve a problem, the assistance of an experienced lawyer is vital to ensure that your interests are being protected.

You can find a real estate closing service with comprehensive representation regarding real estate law. Some have years of experience and practical and innovative solutions and has successfully represented thousands of clients. When you hire an attorney title company, it is expected that he conducts an extensive analysis of your situation. Work together with you to know and understand your concerns and thus be able to present the options and alternatives available to you, always taking into account that your goal is to obtain a positive result for you.

real estate closing service

Some real estate lawyer services have experience managing the type of cases, including complex cases such as the following:

Commercial and residential transactions including contracts of sale/documents to complete the legal business

Residential Real Estate refers to the properties intended for people to reside in them, such as houses, flats, apartments, etc. Commercial real estate applies to buildings or land designed to generate profits from capital gain or rental income, like a store, apartment complex, office building, shopping center, etc.

It is essential to differentiate between these two types of real estate when hiring or buying, a Florida real estate attorney because the process of buying or renting these properties can be very different.  If you want to purchase a commercial property, commercial real estate attorneys can assist you to identify if you should buy or rent the property. Commercial real estate transactions can be more complicated than residential real estate transactions, which is why it is crucial to hire a commercial real estate attorney.

Problems with the title of a property

Before you purchase or try to sell any piece of property, take the necessary steps to ensure that the title is clear of any encumbrances. A real estate deal can slow to a crawl, and get derailed entirely if there are problems with title to the property. Work with an experienced real estate closing service to uncover and resolve title problems early.

Problems of use and zoning of a property

Communities enact land use and zoning restrictions to promote orderly growth and to protect the interests of existing property holders. Zoning regulations may be used, like for instance, to reduce traffic congestion, to stop in an area wherein there is a lot of people living there, or to ensure there are adequate public services for the businesses or residents in a field. Before land is improved, it must be zoned and platted. If a developer wanted to use a property for a purpose for which it was not zoned, h or she would need to seek a zoning variance.

Disputes between the owner of the property and its tenants

The owner has the right to take action to reclaim the property. These issues can be incredibly complex, and having an experienced dispute lawyer can be very beneficial.

Mortgage Foreclosure

A house is likely one of the single most substantial investments a family will make on their life. When the owner cannot continue to pay his obligation on his mortgage payments, then both the homeowner and the lender have a tremendous amount of money and property to lose. For owners, there is the possibility that their homes cannot be wholly owned. For lenders, there will be the issue of getting back the money it is being used on the property itself.  Whether you are the buyer who stands to let go of your family home to foreclosure or the lender facing the task of initiating it, the need for an experienced lawyer is critical.

A Brief Overview Of Title Insurance

For those who have had the opportunity to acquire real property, you probably have noticed that in your closing costs must have reflected one that says: “Title Insurance Policy" or “Title Insurance Premium."

title insuranceWhat a surprise, perhaps unaware that ownership or property rights to real estate may be subject to insurance to cover and compensate the owner against any risks that may arise on the title. Let"s explain a little more:

Title insurance is NOT insurance covering risks relating to the structure of the property. No cover walls, ceilings, fire damage, hurricanes or anything that has to do with the physical body of the property. Nor it has to do with liability insurance.

This unique coverage is about property rights and recognizes the title. This insurance policy guarantees the buyer that the title or evidence of property rights to the real estate free from defects, liens, restrictions, preventive or protective measures, except those be the buyer accepts as exceptions to its policy. A title company protects not only the owner but also their heirs, and in most cases, this protection extends even to having sold the property.

You imagine that after acquiring property, a person claims to have a better right to it. For example, there"s unknown debt appears with the condo, or that it possesses a preventive measure for some debt tax nature or injunction for nonpayment of a contractor, among other problems that may arise. That would be very painful and yet occurs with some frequency. Do not worry; these are the situations covered by this type of policy.

Lender"s title insurance policy

To obtain a mortgage loan, you usually need to obtain title services for the lender. The title insurance of the lender protects said lender against problems with the title of his property. For example, if someone files a claim against the owner of the home. The lender"s title insurance does not protect your investment in the home (your capital). If someone sued with a claim against your home, you are the first responsible person. The lender"s title insurance only covers the claims that affect the lender about the loan.

Buyer"s title insurance policy

Purchase title insurance is not mandatory for the buyer when business is cash, but we strongly recommend that when making a real estate transaction, the make with your trusted attorney or certified Securities Company. It is your right to demand the purchase of title services, which would respond to the full amount of the investment in case the ownership of the property seeth affected or violated, including court costs and attorney. It is paid only once, and its price is determined by a gradual and progressive scale not exceeding 1% of the amount of the transaction. In short, this unique insurance offers buyers protection, security and above all peace of mind to invest in a country with clear rules.

The title insurance of the owner protects the owner if someone claims and says they have a claim against the home before the owner bought it.

When you buy a home, you receive a document that is usually called a deed, which indicates that the seller transferred the property, or the “title" of that home, legally. A title company can protect you if someone files a lawsuit later and says you have a claim against the home before you bought it. The most common claims are usually filed because the previous owner did not pay the taxes or because certain contractors did not charge for work done on the home before you bought it.

You can compare prices of title company separately from your mortgage. If you compare the prices of title insurance, you can save money. If you decide to buy title insurance for homeowners, the total cost may be less if you use the same title company for both the lender"s and the owner"s policies, compared to buying them from different providers.

Depending on your state, the title company can give you a detailed list of charges at the time of closing, which may be different from what appears in your Loan Calculation or Closing Disclosure.