When engaged in a real estate transaction, it is important for both the buyer and the seller to understand that the transaction is not final until closing. There are many events that need to occur between an accepted offer and the closing, which can give rise to numerous opportunities for the transaction to fall through.
Choosing the right broker to work with you on a commercial real estate deal is an important decision, one that will go a long way toward determining how smoothly your transaction will go. A professional commercial broker will help you navigate the process, cutting down on delays and expenses and helping you avoid some of
Buying or selling commercial real estate can be a complicated transaction. While electronic communications make it easier to communicate progress, they also make it harder to keep track of all the moving parts in the days leading up to closing.
Follow our tips below to ensure a smooth closing in your next real estate transaction.
When dealing with the foreclosure of a residential or commercial mortgage on a home, business, or other real property, it is crucial to have a trusted and capable attorney on hand to guide you through the process. Foreclosure laws differ in each state and territory, and local foreclosure practice can be highly idiosyncratic. However, whether
There are some circumstances in which a bank will offer a homeowner the option to pursue a deed in lieu of foreclosure rather than a short sale or other foreclosure alternative. In this process, a person hands over the deed to their home to the bank, bypassing the standard foreclosure process.
You may wonder why
A commercial lease is an important part of your business operations — favorable terms on such a lease will put your company in a better position to succeed. Leases are almost always prepared by a landlord in a way that favors the landlord, but that doesn’t mean the terms of that lease are completely non-negotiable.
When a commercial property goes into foreclosure, the lender will do everything in its power to preserve the value of the property, as well as ensure that any rental income generated by the property is put toward maintaining the property and paying off the loan.
How does the lender ensure this? By seeking the appointment
Title insurance is a type of insurance policy designed to protect both homeowner and lenders from potential financial losses that could arise from covered defects in the title to real estate.
The following is a quick overview of how it benefits both homeowners and lenders alike, and why it’s worth including as part of your
Title insurance is a rapidly growing field in the United States. More people purchasing homes and other real estate properties are choosing title insurance. If you’re anticipating a real estate transaction in your future, you should do some research into how title insurance could benefit you. It is estimated that over $9 billion of title
If you’re preparing to invest in real property in the U.S. Virgin Islands, chances are you’ve been saving for quite some time to get to the point where you can make your purchase. With the amount of time and effort you’ve put into your savings and into researching the property you’ve purchased, it’s important you