Entries in the 'Real Estate' Category ↓

Real estate foreclosures, short sales, the Stimulus Plan, and new lender guidelines are the main focus of national news. A real estate attorney handles property sales, purchases, eminent domain issues, land and title disputes, broker misconduct, real estate investments, residential closings, and commercial property transactions. A local real estate attorney is the best practitioner to protect what may be one of the largest purchases of your life.

Real Estate Closing Costs in Florida

Closing costs are fees incurred by the buyer and seller when real estate is transferred from one owner to the next. A buyer should receive a Truth-in-Lending disclosure from their lender when the loan process has begun. The Truth-in-Lending disclosure outlines the closing costs. You should review the disclosure with your attorney or settlement agent as soon as you receive it.

Buyer Closing Costs

Some closing costs for the buyer of a home are paid before the closing. The majority of the costs paid at the actual closing and is issued by the lender and are calculated based on the amount of the mortgage loan.

Common Buyer Pre-Closing Costs

• Inspection fees
o Home and property
o Pest
o Septic
• Stucco
o Lender fees
• Credit report
• Loan Application
o Survey

Common Buyer Closing Costs

• Appraisal
• Attorney or settlement agent fee
• Delivery charges
• Document preparation
• Document stamps tax
• Flood insurance
• Homeowner’s insurance
• Homeowner’s warranty
• Intangible taxes paid to state of Florida
• Loan origination and discount fee
• New construction fees
• Prepaid interest
• Settlement fee
• Tax service fee
• Taxes and homeowner association fees – escrowed and prorated
• Title insurance and examination fee
• Underwriting fee

The Tampa real estate lawyers of Fuentes & Kreischer, PA, Phone: 813-579-3039, offer legal suggestions to their current and prospective buyer clients on real estate closing costs.

Tampa Real Estate Lawyer

1407 West Busch Boulevard
Tampa, Florida 33612 (Hillsborough County)

Seller Closing Costs

The seller assumes less closing expenses because they are not taking out a mortgage loan. If there is enough equity at the time of the sale, the seller’s closing costs can be deducted from the proceeds they will receive at closing.

Common Seller Closing Costs

• Attorney or settlement agent fee
• Credit to the buyer (if any)
• Delivery charges
• Document stamps tax
• Home equity line of credit pay-off
• Mortgage pay-off
• Owner’s title insurance and title search
• Real estate commission and broker service fee
• Recording fees
• Taxes and homeowner association fees – prorated
• Transfer taxes

The Tampa real estate attorneys of Fuentes & Kreischer, PA, Phone: 813-579-3039,  offer advice to their current and prospective clients on real estate closing costs.

Tampa Real Estate Lawyers

1407 West Busch Boulevard
Tampa, Florida 33612 (Hillsborough County)

Investors looking to take advantage of the down economy are seeking solace in the housing and real estate markets. For those individuals lucky enough to still be reaping the rewards of a steady income this is a perfect opportunity to gain future comfort.

Affordable prices and foreclosures are attracting investors to the housing markets today, and the number of consumers interested in investing in real estate has doubled since March 2009, according to the new Move.com Homeownership Survey released today. Low prices and foreclosure bargains have also become the most important reasons motivating buyers today to purchase a home.

For example cities such as Dallas are seeing large amounts of interest in the real estate market. If you are interested in investing your future contact a residential real estate lawyer in Dallas to see if the situation is right for you. Do not let a buyers market absorb you into a forced decision.  If you need a real estate lawyer in Dallas contact Norcross & Associates for any legal advice.

The Short sale is a foreclosure alternative which provides an outstanding opportunity for the lender, the borrower/seller, and a prospective purchaser to mitigate damages.  Unfortunately, in today’s troubled real estate marketplace, the short sale process is one fraught with a substantial amount of misunderstanding and delay, which may result in frustration that can be avoided.  Utilizing basic fundamental information and a well-thought-out approach, a short sale can be achieved for the benefit of the borrower, lender, and prospective purchaser, as well as with a reduction in the amount of frustration and effort on behalf of the real estate professionals (real estate brokers, real estate attorneys and/or title agents) involved in such transaction.

1. DEFINITION OF A SHORT SALE

A short sale involving real estate is defined as a transaction in which the purchase price of the property is less than the amount necessary to pay off the mortgage and related closing expenses which results in the lender considering either;

Dallas real estate law firm Norcross & Associates answers:

What makes a good realtor?

As a real estate law firm in Dallas, we have handled countless real estate transactions in Texas.  Although it is not essential that you work with a realtor, an experienced and ethical realtor can be one of your biggest assets in your real estate deal.

Benefits of Working with a Realtor

A realtor should know the market – A local Dallas realtor with a well-known company who has an excellent reputation in the community and among peers will be able to determine the correct market value of a home.  This is essential so you don’t overpay for a home you are seeking to purchase, or under price the home you want to sell.  Also, a realtor who knows the local Dallas real estate market will be privy to the new homes on the market the minute they come on the market.

Dallas real estate brokers can research communities and schools – This is especially helpful to families with children relocating to another state.  A realtor will match your school, community, and transportation needs to towns they service, or refer you to a realtor in a different area that can help you find what you are looking for.

Realtors facilitate inspections, etc. – There is nothing more helpful in a transaction than a realtor who is an active participant in their client’s purchase or sale.  A realtor can facilitate and should be present for the appraisal, home inspection, pest inspection, and municipal inspection.  Additionally, a realtor should arrange for repair estimates; and follow-up on the dates specified in the purchase contract.

Real estate agents help find you a home you can afford – A realtor who helps a buyer find a home should listen to their client at the very beginning and help them determine a purchase price they feel comfortable with.  Then, he or she should give you at least three names of lenders they trust for you to speak with.  The lender should explain the programs that are available to you, as well as home affordability, interest rate and closing costs.  A Dallas real estate attorney can review the information from the lender you have chosen to work with to make sure you understand the terms and conditions of the loan.

Your realtor can have multiple designations, a million dollar agent, and be licensed for 25 years.  However, their services are not a substitute for retaining a real estate attorney for your transaction.  A real estate attorney will negotiate on your behalf, know Texas real estate law, and have your best interests at heart. 

This article was prepared by the Dallas real estate lawyers of Norcross & Associates Attorneys and Counselors at Law, 214-368-9300, www.norcrossrealestatelaw.com.

Herbert Yanowitz is a San Francisco real estate lawyer. His real estate law firm in San Francisco has helped many people with their real estate issues. He attended Yale College in New Haven, Connecticut between 1954-1958.

His honors include the following:

• Magna Cum Laude with High Honors in American Studies
• Phi Beta Kappa
• Delta Sigma Rho
• John Addison Porter Prize in American History for Honors Thesis: “Wiretapping: Its Ingenuities, Its Impact, and Its Implications”
• Frank M. Patterson Prize in American Politics (half award) for same
• Third Prize Ten Eyck Prize Speaking Contest, 1957
• Second Prize Thacher Memorial Debating Contest, 1958

His legal studies were performed at Harvard Law School in Cambridge, Massachusetts between 1958-1961.

His honors include the following:

• Cum Laude
• Frank Knox Memorial Fellowship to London School of Economics, 1961-1962
• Legal Aid Bureau

There are many San Francisco real estate law firms to choose. Herbert Yanowitz is a San Francisco residential real estate lawyer with the experience that can aid in all many real estate issues.

Herbert Yanowitz, Attorney at Law, 225 Bush Street, Sixth Floor, San Francisco, CA 94104-4207, 415-362-1365

Herbert Yanowitz is a San Francisco real estate lawyer and a criminal defense attorney. Including all of the criminal writ petitions which he has filed during the some 16 years. He also practices real estate law in San Francisco. He probably has handled or worked on more than 75 appellate matters.  In California, at least seven opinions in cases I have handled have been cited in various Witkin treatises on points of substantive and evidentiary law and one case was listed in an article as being one of the most important cases in employment law over the past ten years.  The cases are the following:

• Yanowitz v. L’Oreal USA, Inc. (2005) 36 Cal. 4th 1028, 116 P.3d 1123, 32 Cal.Rptr.3d 436, involved retaliation under the Fair Employment and Housing Act against my wife for refusing to fire a good-performing female employee who her general manager thought was physically unattractive.  The opinion of Chief Justice Ronald M. George established several significant principles of employment law. The case has been cited in 286 published and unpublished decisions and has been the subject of discussion and commentary in numerous texts, periodicals, and programs and seminars.

• Molien v. Kaiser Foundation Hospitals (1980) 27 Cal.3d 916, 616 P.2d 813, 167 Cal.Rptr. 831, 16 A.L.R. 4th 518, which involved emotional distress damages when there was no physical injury or impact, was considered by the Continuing Education of the Bar in its annual survey of cases to be the leading tort case in California decided in 1980.  It was featured in an article in the periodical of the Association of Trial Lawyers of America, written by a Professor of Torts, and has been included in summary form in one casebook on torts, Dobbs and Hayden, Torts and Compensation:  Personal Accountability and Social Responsibility for Injury (4th ed. 2001 West), pages 507-508 and 521.

• People v. Schoenfeld (1980) 111 Cal.App.3d 671, 168 Cal.Rptr. 762, was the appeal in the Chowchilla school bus kidnapping case. Three young men from prominent families hijacked a school bus and transported the 26 children on the bus and the bus driver to a buried moving van, from which the victims later escaped.  The crime and its aftermath was the Story of the Year both for the AP and the UP.

There are many San Francisco real estate law firms to choose. Herbert Yanowitz is not only a criminal defense lawyer, but he is also a San Francisco residential real estate lawyer.

Herbert Yanowitz, Attorney at Law, 225 Bush Street, Sixth Floor, San Francisco, CA 94104-4207, 415-362-1365

If you default on your mortgage, foreclosure is the legal means by which a bank can repossess your home. Instead of missing another payment, take action and contact an experienced Naples foreclosure legal representative.

Your lender will usually send you a demand letter before foreclosing on the mortgage, stating the date by which payment must be received to avoid foreclosure. If this happens, it’s in your best interest to speak to experienced foreclosure attorneys to craft a reply. After the demand letter you can expect the following foreclosure steps: a complaint, a lawsuit, court proceedings, judgment, and sale. Speak with an experienced foreclosure attorney to avoid inadvertently waiving your rights or saying the wrong thing.

Because of the high number of foreclosures in Florida, some county courts have developed special foreclosure procedures and rules.  These procedures can be difficult to understand and requires the efforts of an experienced Fort Myers foreclosure lawyer.  There are also some pending foreclosure procedures being proposed by the Florida Foreclosure Task Force with such procedures to be reviewed by the Florida Supreme Court in the fall of 2009. Instead of trying to navigate the complex foreclosure process on your own, put your trust in the capable hands of a qualified Naples real estate attorney.

Kevin F. Jursinski

7800 University Pointe Drive, Suite 200
Fort Myers, Florida 33907
Phone: 239-337-1147, Toll Free: 1-877-291-3926
Fax: 239-337-5364
Email: kevin@kfjlaw.com

Real estate law consists of both federal and state laws and the state-level rules vary from state to state.  State and federal laws encompass everything from ownership of land and buildings to related issues such as zoning, leasing, construction, taxes, and Saint Louis eminent domain laws.  With our knowledgeable and experienced real estate attorneys The Gilroy Law Firm can protect your interests in both routine and intricate transactions.

In Saint Louis and St. Clair County, state laws address a wide variety of issues associated with financing, developing, constructing, buying, leasing and selling commercial and residential property. With real estate, many aspects of the law are more complex than with other industries. A qualified real estate attorney can facilitate all of the tricky decisions and negotiations involved in real estate transactions.  The Gilroy Law Firm understands the complexity of real estate law, and we have a reputation for quality in the Saint Louis area.

We practice: Litigation, easement in St Clair county, contracts, real estate closings in Saint Louis, please contact our lawyers.

The Gilroy Law Firm
231 S. Bemiston Avenue, Suite 800
Saint Louis, MO 63105

GilroyLaw.Net

Our Saint Louis based lawyers can advise you on residential, commercial or industrial property disputes. We can help you with every stage in the process, from understanding Saint Louis eminent domain rights to mediation, our attorneys can help you identify the practical and legal problems that your case will involve. At the same time, we can advise you as to your rights and responsibilities with respect to issues that your case can present.  The lawyers at the Gilroy Law Firm have a deep understanding of procedures and the practical case experience that will help you know your rights.  Our attorneys can help you strategize and select the most effective approach in your case to achieve the desired outcome.

The Gilroy Law Firm
231 S. Bemiston Avenue, Suite 800
Saint Louis, MO 63105 U.S.A.
866-779-2809