Dear Clients and Friends, If and when you consider backing out of a real estate purchase agreement we suggest you consider the points set forth in this memo. Standard real estate contracts contain inspection and mortgage contingencies that allow buyers a limited amount of … [Read more...] about Escrow cancellation considerations
Real Estate
Current IRS rules if you buy real estate from a foreign owner
Dear Clients and Friends, As a former IRS Attorney and Supervisory Attorney with the SBA (Small Business Administration) our offices continue to successfully represent not only family law clients but, as well, clients with tax, real estate and business legal issues in. Here’s … [Read more...] about Current IRS rules if you buy real estate from a foreign owner
Recommendations on buying a house with another before you remarry
Dear Clients and Friends, A growing number of divorced people are buying a house with a new partner to whom they are not yet married. In some cases, the couple plan to marry, but as a result of their current divorce and other complications they’re not able to arrange … [Read more...] about Recommendations on buying a house with another before you remarry
Divorce and thoughts on selling the family home.
Dear Clients and Friends, Aside from child custody, the most emotionally charged issue in a divorce is usually who gets to keep the house. For most couples, a house is their most valuable asset, and it has an enormous symbolic value as well. But while couples often … [Read more...] about Divorce and thoughts on selling the family home.
New rules if you buy real estate from a foreign owner
Dear Clients and Friends, Did you know that if you buy real estate in the U.S. from a foreign owner, you may have to withhold a chunk of the sale price and send it to the IRS? This is required by a law called FIRPTA (the Foreign Investment in Real Property Tax Act), which … [Read more...] about New rules if you buy real estate from a foreign owner
What businesses need to know about commercial leasing
Dear Clients and Friends, Companies that are leasing their own space for the first time are often surprised by the terms of a commercial lease – and even companies that have leased space before sometimes overlook important points where they might be able to negotiate matters to … [Read more...] about What businesses need to know about commercial leasing
