Category Archives: Real Estate
Lis Pendens In Ohio Real Estate Disputes: What Property Owners Should Know
Legal conflicts involving real estate can cause a number of concerns, especially when it comes to lawsuits that affect your ability to sell or refinance your property. Certain legal measures are commonly used in these cases, with “lis pendens” being among the most common terms. Most people will probably never hear about it until… Read More »
What Ohio Small Businesses Should Know Before Signing A Commercial Lease
A commercial lease may be one of the largest commitments made by an entrepreneurial business. No matter whether you plan to open a shop, restaurant, office, warehouse, or anything else, the provisions of a lease agreement have a considerable influence on the finances and prospects of a company’s development. However, most business people in… Read More »
Ohio Partition Actions: What Happens When Co-Owners Disagree About Selling Real Estate?
Property ownership with another partner can succeed only when all parties are united on its use. Disagreements will emerge when co-owners cease to be on the same page when managing jointly held property. For instance, one of the co-owners could want to sell the property, while another party wants to retain ownership of it…. Read More »
Zombie Mortgages In Ohio: What Homeowners Need To Know About Old Debt Coming Back To Life
For Ohio homeowners, the economic downturn of the late 2000s might be something of the past. However, some of those old debts from that period are emerging again in an alarming manner. These are known as “zombie mortgages,” referring to the old debt of second mortgages or HELOCs that appear years later after the… Read More »
Real Estate Purchase Agreements In Ohio: Common Pitfalls And Red Flags Before You Sign
One of the largest financial deals that most people make in their lifetime is buying or selling real estate. In Ohio, this is subject to a real estate transaction. Although these contracts seem to be relatively straightforward, there are some pitfalls that can cause costly problems when things go wrong. Understanding these pitfalls can… Read More »
What Is A Home Sales Solicitation Act Claim?
A Home Sales Solicitation Act claim (HSSA), sometimes referred to as a “cooling-off” period claim, arises when a consumer tries to cancel a contract made during a home solicitation sale. This rule, which is found in many states, gives consumers a limited time (usually three business days) to cancel the contract made at their… Read More »
What Is A Quiet Title Lawsuit In Ohio?
They say that possession is nine-tenths of the law. That’s because issues related to possession and ownership can quickly become complex. What happens if more than one individual claims ownership of a property? In that case, a lawsuit can be filed to have the court intervene and determine the real owner of a piece… Read More »
Homeownership Counseling Requirements
There are specific requirements dictated by the Truth in Lending Act (Regulation Z) and Real Estate Settlement Procedures Act, or “RESPA” (Regulation X). These requirements – and others – dictate working with a Columbus Real Estate Settlement Procedures Act (RESPA) lawyer if you have any questions or concerns about federal consumer protection laws that… Read More »
“As-Is” Addendums in Real Estate Purchase Contracts
Caution should be exercised, and buyers should work with experienced real estate attorneys, when considering purchasing home from business entities or individuals who recently purchased and renovated the property with a contract and an attached addendum making the sale “as-is” and releasing the seller(s) from any issues related to the renovation, including any compliance… Read More »
The Statute Of Frauds In Real Estate Contracts
When it comes to real estate contracts, it is essential to work with an experienced attorney, as real estate contracts are different from other property-related contracts. Because real estate contracts involve property that is considered to be one-of-a-kind and irreplaceable, these types of disputes are typically more adversarial in nature precisely because there is… Read More »