Very little that has to do with buying and selling residential real estate is black and white. This is often evident when inspections are done. And inspections are a critical part of a home sale transaction. Buyers usually make offers to buy a home contingent on inspecting the property to their satisfaction. An inspection contingency …
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Many of the significant upcoming laws are in the landlord-tenant arena, but other new laws involve foreclosures, HOAs, settlement agreements, smoke alarms, mobile home parks, and much more. Landlord Must Disclose Notice of Default to Prospective Tenants: Starting January 1, 2013, every landlord who offers for rent a residential property containing one-to-four units must disclose …
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It’s tax time, so those who don’t own homes are seriously thinking about whether they should. And those who do are busy trying to collect up and cash in all of their deductions. To boot, the real estate market is in year six (!) of what those who can’t agree on a precise economic term …
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To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process. Senators Lisa Murkowski (R-Arkansas), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) proposed the bill addressing the issue of short sales timelines on February 17. A short sale is a …
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