Blog
How Does a Short Sale Work and What Are Its Benefits?
When it comes to owning a property, unforeseen circumstances such as job loss, medical emergency, or other financial hardships can make it difficult to keep up with mortgage payments. For homeowners in this situation, a short sale may be a viable option to avoid foreclosure and potential financial ruin. A short sale is a process where the lender agrees to accept less than what is owed on a property in return for a release of the loan debt. Although a short sale can be a complex process, for those who are struggling to pay their mortgage, it can provide some much-needed relief and help them avoid the harsh consequences of foreclosure. If you're considering a [...]
When Should I Hire a Real Estate Lawyer in Texas?
Buying or selling a property is one of the biggest financial decisions many people make in their lifetime. In fact, the past few years have seen a decided boom in residential real estate sales with many people investing in real property for the first time. Although there seems to be a slowing down in existing home sales, the real estate industry is still very active and can be complicated for the average person to navigate. When dealing with complex real estate transactions, whether they be residential or commercial real estate matters, it is important to have a legal expert on your side who can protect your interests and guide you through the intricacies of real [...]
What Can You Do to Get Out of a Builder Contract?
Building a home can be an exciting and rewarding experience, but it's not without its challenges. Since it’s a significant investment, many people choose to work with a builder to bring their dream home to life. However, sometimes things don’t go as planned, and there can be unforeseen circumstances where you're no longer satisfied with the builder's services. As you’ve already signed a contract, can you do anything about it? Yes, you can still get out of a builder contract if you have a valid reason to do so. In this article, we’ll tell you what it takes to get out of such contracts and how you can handle things legally. We’ll even discuss common [...]
How to Use Deeds to Transfer Real Estate
Did you find the right buyer for your home listed in the real estate market? Whether selling a house or any other real estate, Texas law requires you to transfer your ownership to the other party in order to complete the deal. A “deed” is a legal document that refers to you as the "seller" and the new owner as the "grantee" or "buyer,” making it easier to transfer the property’s title without any issues. Do you know how to use deeds to transfer real estate? Are you aware of the elements a deed contains or its different types? It’s a must for every seller to learn about how to use deeds to avoid any [...]
What Is a Loan Modification? Everything Borrowers Need to Know
Mortgages are loans that make it easier for many potential buyers to purchase their dream homes. Unfortunately, some homeowners get into a situation where they cannot repay the loan due to unforeseen circumstances. To prevent borrowers from defaulting on their loans, lenders introduced a process called loan modification. The term may seem simple, but there are several complexities a borrower needs to know before opting for modifications to their mortgage. This detailed article will enlighten you about loan modification, how it works, and its benefits. We'll also tell you why having an attorney by your side can help you set favorable repayment terms that protect you from defaulting. What Is a Loan Modification? How Does [...]
Common Types of Neighbor Disputes
Living close to someone is not always the easiest. You might have good relations with your neighbors most of the time, but there are usually some instances when you just don't see eye to eye. If you've ever had an issue with a lousy neighbor, you are not alone, Most Americans dislike their neighbors, and 42% of homeowners have engaged in some neighbor dispute. Any kind of conflict can be stressful, but it's worse when you share a property line or wall. Staying calm and reacting thoughtfully in such situations is essential. This article will tell you about some common types of neighbor disputes and how to deal with them. We'll even tell you the potential consequences [...]
10 Common Legal Issues Faced By Small Businesses
Irrespective of the size of the business, legal issues can arise for many reasons. A small business may face issues because of a misunderstanding within the company, a dispute among partners, or an issue with small business clients. Legal issues can pose a significant hurdle and prevent a business from functioning smoothly. Therefore, it's essential for all small business entities to know about these common legal issues and follow the best practices to avoid them. This article will examine 10 common legal problems faced by small businesses in the Austin, TX area. In addition, we have also highlighted how to avoid these issues and how to protect your business. Common Legal Issues That Can Sink [...]
What Does a Property Attorney Do?
Buying and selling real estate is not a simple transaction. It’s a legal transfer of property from one party to another. Due to the legal facet of this transaction, it is crucial to consult with a property attorney who is able to take care of all the legal requirements for a smooth transfer of ownership or lease of property. Besides handling the paperwork, the attorneys also help their clients negotiate with the other parties, draft real estate contracts, and transfer the property titles. Are you looking to buy or sell property in Austin, Texas, and are wondering how a real estate attorney can help you? This article explains the role and benefits of a property [...]
6 Elements of a Successful Contract
Austin, Texas continues to thrive as one of the top American tech hubs with a rapidly growing business climate. With so many new startups, company expansions, business transactions, and more taking place, the need for comprehensive and well-written contracts are rising. A contract can make or break a deal, meaning every business must ensure that they are signing a legitimate contract that will benefit their interests, as well as the interests of other parties involved. Moreover, businesses majorly depend on contracts to lay a foundation for their professional relations with other businesses, clients, and employees. A contract ensures that all the parties involved supply or deliver the agreed-upon procedures, services, and products that govern those [...]
10 Causes of Real Estate Litigation
When it comes to property or real estate matters, there are many kinds of issues that can come up. From ownership-related issues to breach of contract, there are many things that can lead to real estate litigation if no resolution can be found. Every intelligent buyer or seller should learn the main causes of real estate litigation and how to handle them correctly. Buying real estate, whether residential or commercial, is likely one of the most significant purchases a person makes. Some people may use their entire savings on their new home or on starting a business in a new space so it is an important transaction. The buying or selling process requires several steps [...]