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3 Benefits of Getting a Real Estate Lawyer

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There are several situations when your first instinct is to call an attorney: a criminal arrest, custody battle, or a divorce. But, when it comes to buying a new house or any piece of property, not everyone rushes to talk to their lawyer. Many assume that all they need to do is research and get the right advice from their homeowner friends to make a successful transaction. But, there are real estate lawyers for a reason. They're well-versed in the law and are aware of the different pitfalls. They'll help you avoid these things by looking out for you throughout the process. After all, they understand that this will be a huge investment. Aside from this, here are other benefits you'll gain by working with professionals when planning to buy a house. Simplify Real Estate Related Laws and Other Terms When buying a property, you'll come across plenty of legal jargon and other words that may sound foreign to you. But, you won't have the time to learn all of t...
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Everything You Need to Know About Home Titles

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As a prospective homebuyer, you'll encounter various documents. This can get overwhelming very quickly. You'll deal with mortgage contracts, deeds, sales agreements, and many more. To help make things clearer, here's a brief guide on land titles: What It Is A title is proof of ownership. It's evidence that a piece of property, whether it's land or a house, belongs to you. Without it, the legal system will not recognize your claim. It contains the full name of the owner. You'll also find the technical descriptions of the property and any annotations about the transaction and other relevant information. How It's Transferred A title transfer occurs as you close your negotiations under the terms both parties agreed upon. For this to happen, the buyer will be given a deed. The document shows the people involved, the parcel of land, and the requirements of the transaction. Once the deed is filed at the county office, they'll produce a title w...
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Avoiding the 4 Most Common Real Estate Scams

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Scams are prevalent in all businesses, and the real estate market isn't spared from them. Whether it be a contractor who asks to get paid for work not done or a seller projecting sketchy motives, they'll do anything to turn homeowners and prospective buyers' hard-earned money into a quick profit. To help spot these schemes, here's a rundown of the most common real estate frauds. Plus, some advice on how to avoid them. Online Rental/Sale Scams  Fraudsters copy a listing and publish it on different websites with their information, pretending they're the owner or manager of the property. Others will hack into original posts and offer them at a very low price. They ask victims to wire a security deposit, months of advanced payment, or broker fees. How to avoid them:  Beware of sellers who ask for an upfront payment that must be wired abroad. Read all the terms and conditions before signing anything. Mortgage Compression or Loan Modification Scams T...
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