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
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
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