Dear Clients and Friends, An “easement” is a legal right of someone who doesn’t own a piece of property to use the property for a particular reason. Many properties have easements on them, so it’s important to know about them if you’re considering buying real estate. An … [Read more...] about Easements
Real Estate
Short-term rentals (like Airbnb) can create tax issues
Dear Clients and Friends, If you lease your home to someone for a week or two through Airbnb or any other short-term rental service, do you have to report the income on your taxes? Maybe! The answer can be complicated. In general, the key question is whether you lease … [Read more...] about Short-term rentals (like Airbnb) can create tax issues
Contingencies in Real Estate Purchase contracts
HAPPY HOLIDAYS MY FRIENDS AND TO A HAPPY-HEALTHY-WEALTHY 2018 AND MORE. Dear Clients and Friends, Once you have signed a Real Estate Purchase contract and transferred earnest money to your new escrow, it is best that you know how binding that contract is - there … [Read more...] about Contingencies in Real Estate Purchase contracts
Selling a property “as is” still requires an honest seller
Dear Clients and Friends, A buyer who discovered that her new house was contaminated with mold can sue the seller, even though the house was purchased “as is” and the seller specifically said there might be mold in it, according to the Wisconsin Court of Appeals. Catherine … [Read more...] about Selling a property “as is” still requires an honest seller
California Foreclosure Protection and CA’s Homeowner’s Bill of Rights
Dear Clients and Friends, On July 11, 2012 California's Gov. Jerry Brown signed into law Senate Bill No. 900. This bill is an act to add and amend a bevy of California Civil Code sections intended to monitor lenders and protect homeowners from earlier predatory/summary (i.e. … [Read more...] about California Foreclosure Protection and CA’s Homeowner’s Bill of Rights
Escrow cancellation considerations
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
