Realtor Representations of Credit and a Short Sale
December 2009 I have conducted several workshops at PSAR now. If you have attended one of my workshops you know that the leading reason for a client suing the licensed professional assisting them with their mortgage distress is a “surprise”. The client is led to believe that things will work […]
In Real Estate Law, What Is a Covenant?
Properly defined, a covenant is a promise made in a deed. In practice, though, and contemporary legal discourse the word is used rather more loosely to mean simply an obligation affecting landowner, regardless of the obligation is created by deed. The covenant may be positive, or it may be negative. […]
How Long Can I Stay in My Home During a Residential Foreclosure In Illinois?
When either the County Sheriff or special process server appear at your home and serve you, your spouse or teenage child with a foreclosure complaint, perhaps the single most important question is “How long can I stay in the house”. The general rule under Illinois law is that a residential […]
Property Settlements
Property settlement is the process of dividing the matrimonial asset pool between parties of a marriage. The property settlement process has varied outcomes depending on your relationship type, income, assets and liabilities. There is a popular misconception that married people and de facto couples are treated the same when it […]
Conveyancing Mythbusters
Conveyancing in the UK has come in for some flak over the years. Instead of people balking at the first mention of conveyancing we’re trying to change the way people look at the conveyancing process in general, so they embrace it as something that can make your move stress free. […]
What is a Contract For Deed and Who Uses It?
A contract for deed serves as a particular kind of real estate property contract involving a buyer and seller in which the seller releases control but not legal title for the property to the buyer. The transfer of title occurs after all contractual requirements including the total payment on the […]
CEQA – Agriculture and Forestry Resources
Introduction The California Natural Resources Agency adopted amendments to Appendix G of the CEQA Guidelines on December 30, 2009. The amendments were effective as of March 18, 2010. The title of this section was changed from “Agriculture Resources” to “Agriculture and Forestry Resources” and two (2) questions pertaining to forest […]
Why Real Estate Law is Having Such a Tough Time in 2011
Not long ago, I was looking over a listing agreement for selling a piece of commercial property. The darn thing was 25 pages in small print front and back. Imagine that I thought to sell a piece of property, or even enter a listing agreement you have to sign away […]