A sheriff’s foreclosure sale is a simple auction. The Sheriff has his or her gavel, everyone is bidding, and the highest bidder wins. Typically there is money that has to… CONTINUE
Types of Defects Covered by Title Insurance
There are a whole host of defects that can affect real estate that are protected by title insurance. For example, it could be an old lien that didn’t get released…. CONTINUE
Different Types of Real Estate Closings
There are two types of real estate closings in Ohio: Roundtable closings and Escrow closings, and in Ohio, you can have either type of closing anywhere in the state. Certain… CONTINUE
Title Companies and Closing Protection Letters
There are title companies and there are title agencies. Title companies are the actual insurance company, and typically you want a national company that is the insurance company insuring the… CONTINUE
What is Title Insurance?
Title insurance is insurance for which only one premium is ever paid. It insures you for certain deficiencies in the title of the property in a real estate transaction. You… CONTINUE
Bank Foreclosure Sales and Disclosure Requirements
In my experience, bank contracts used in foreclosure auctions are very, very one-sided. Banks are not making any representations or warranties about the property, and their documents offer very limited protection,… CONTINUE
Should I Have a Lawyer’s Help with a Foreclosure Purchase?
A Sheriff foreclosure is fraught with danger. It is very possible that a lien can be missed and a foreclosure does not wipe that lien off. As an attorney that… CONTINUE
Real Estate Agents and Conflicts of Interest
I don’t think anybody considers it a conflict of interest. Human nature might cause a bad agent to think in those terms but there are strict ethical considerations that go… CONTINUE
How Do Real Estate Agents Get Paid?
There is a Multiple Listing Service used by real estate agents throughout an area, and typically within that service, the real estate agent is paid a percentage that is paid… CONTINUE
In a Real Estate Transaction, Can Both Buyer and Seller Have the Same Broker/Agent?
A real estate agent has loyalty to their customer. If you are the seller’s agent and the buyer says to you, “I’m offering $300,000, but I’ll go to $350,000, the… CONTINUE