It is rare for the residential REALTOR® ever to encounter water rights, and for that reason it is even more rare to encounter a residential REALTOR® who understands water rights law. On that rare occasion, however, proceeding with the transaction without the advice of a water lawyer can be unnecessarily risky. The problem is, how … Continue Reading
Co-Author: Oliver E. Frascona, Esq. When selling real estate, an owner may realize its equity by receiving cash or by “carrying” a note. Because mortgage interest rates exceed interest rates banks pay on deposits, there can be a significant financial advantage of carrying one’s equity, rather than taking it in cash at closing upon the … Continue Reading
I am about to purchase my first home. When my sister bought a home, she had problems with a repairman of the previous owner who filed a $2,000.00 mechanic’s lien after her closing. Her title insurance company told her that she wasn’t insured against the lien, but her bank said that it had coverage. How … Continue Reading
