Category Archives: Real Estate
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 »
Selling Real Estate In Ohio
As Columbus real estate attorneys who help clients with transactional matters involving buying and selling real estate, as well as related litigation, we frequently receive questions regarding disputes that can sometimes arise after property is sold; Specifically, a number of these disputes involve buyers arguing that they have discovered problems with the property after… Read More »
Ohio Real Estate Law Decision Involving 140-Year-Old Park: Court Rules Parking Fees Do Not Violate Restrictions On Deed
A recent decision made by the Ohio Supreme Court carries broad implications for Ohio real estate law, including when it comes to the interpretation of deed restrictions and the “Marketable Title Act,” a provision of Ohio real estate law that allows for heirs’ interests and claims in land donations “prior to the root of… Read More »
How Ohio’s New Appropriations Law Affects Property Seizures
In early November, the Supreme Court of Ohio issued a ruling on a lawsuit brought by a local park district to acquire an individual’s property through eminent domain in order to allow for the construction of a recreational trail. The concept of eminent domain can be a frightening one: In a nutshell, the Constitution… Read More »
Canceling Home Purchase Contracts In Ohio: What You Need To Know
According to the latest statistics, homebuyers are backing out of their contracts to purchase homes at historically high rates, likely due in part to rising interest rates and a “softening” housing market. According to Redfin, in the month of August alone, more than 60,000 of these contracts were canceled. Whether or not there will… Read More »
Leaseback Real Estate Contracts
We all too often see relationship and contract breakdowns where these fields emerge; for example, when one party purchases property from another, promising to lease it back to them, only to instead sell the property to another buyer without allowing for that “holdover” period. When disputes like these arise, consulting with experienced Columbus real… Read More »
Understanding Land Installment Contracts In Ohio
As Columbus real estate attorneys, we regularly receive a number of questions, including those that involve questions intersecting real estate law and contracts, such as installment contracts, which involve buyers purchasing property from sellers directly (i.e. without involving the bank or a mortgage) via installment payments. In Ohio, these contracts can be legally arranged… Read More »