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
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
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
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
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
Purchasing A Home in Foreclosure
When a home that you wish to purchase is in foreclosure, you are actually purchasing it from the Sheriff in a foreclosure sale. A Sheriff’s deed has no representations and… CONTINUE