If the spouse is on the mortgage, he/she remains in privity of the contract between the bank and him/herself unrelated to his/her spouse. The reality is that if one party… CONTINUE
What Is a Dower Interest?
Dower interest is an ancient concept in which each spouse has an interest in the other spouse’s real estate. Typically, it was the wife’s interest (‘dower’ indicates the concept of… CONTINUE
Real Estate Disclosures: Warranties and Representations
When you are representing the buyer, do you ever insist on the warranties and representations? More so, we recommend doing this on the commercial end than the residential end. However,… CONTINUE
Ohio Real Estate Disclosure Requirements
When you are representing the buyer, what are the disclosure requirements? There is an inspection/property disclosure report that the seller must give to the buyer under Ohio law. The form… CONTINUE
What is Earnest Money?
Earnest money is a good faith deposit put up by the buyer to commit them to the transaction. Often the real estate agent will hold onto the earnest money, and… CONTINUE
Closing an Offer
“Closing an offer” means that written offers and counter-offers finally resulted in an unequivocal written acceptance by one of the parties. At that point you have a contract for the… CONTINUE
Our Services to Sellers of Real Estate
We have represented numerous sellers of real estate when the real estate is FSBO (For Sale By Owner). The seller then doesn’t have to pay a real estate agent’s commission…. CONTINUE
Financing a Property, Site Unseen
Is it difficult to get the bank to promise to finance a house or property they haven’t seen? What if the property has defects or you don’t win the auction?… CONTINUE
In a Sheriff Sale, ⅔ of the Appraised Value is the Opening Bid. How Reliable is That Appraisal?
The appraisers for foreclosure auction property are appointed by the court. The appraisals are not reliable and I tell my clients not to rely upon them. A buyer in a… CONTINUE
How Do I Finance a Home Purchase in Advance of an Auction?
It is best to to have the financial means to buy the property without financing in an auction. If you are going to finance it, you’d better have a bank… CONTINUE