by designonetest | Dec 12, 2022 | Landlord Tenant
Many real estate investors purchase a property with the intention of renting it to tenants, and only after they have made the purchase do they look into the legal and financial implications. This is a risky course of action that can result in devastating losses....
by designonetest | Dec 12, 2022 | Landlord Tenant
When a person purchases a home or a multi-unit property and rents the home or units to others (known as tenants), that person has become a “landlord.” Collecting rents from tenants is one of the oldest forms of income generation, and ownership of real property has...
by designonetest | Oct 26, 2022 | Real Estate Law
Foreclosures are highly regulated and controlled procedures. The basic steps are the same nationally, however, details and timelines may vary from state to state. For example, some states may allow the homeowner a Right of Redemption. Typically reserved for...
by designonetest | Oct 26, 2022 | Real Estate Law
The Consumer Financial Protection Bureau mentions another option for avoiding foreclosure. In a deed-in-lieu of foreclosure the homeowner and mortgage lender mutually agree to exchange the deed to the home to the lender, who then drops foreclosure proceedings. By...
by designonetest | Oct 26, 2022 | Real Estate Law
There are many steps homeowners can take and resources they can tap into to prevent a foreclosure situation. Not only does foreclosure mean the loss of the home and relocation, but it also has significantly damaging impacts on credit histories and scores, which can...
