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Foreclosure is a homeowner's worst nightmare. Until they pay off their mortgage, the home that they purchased is vulnerable. It serves as the collateral property for the loan. If they do not make all of their payments on time, the lender may eventually try to lay...
Buying a new home is an exciting yet daunting journey. Many buyers focus on finding the perfect property with the right layout, location and price. However, one critical factor that often slips under the radar is the neighborhood. A beautiful house with bad neighbors...
Imagine you’ve finally found the perfect home: a charming property with a great backyard, just the right amount of space and located in your dream neighborhood. The excitement can be overwhelming, but before you commit to the deal and sign the contract, it’s important...
Tenancy in common (TIC) is a legal setup that is sometimes used for property ownership. Multiple people can all own the property together, and they can have different levels of investment. They could split ownership equally, but they’re not required to do so. For...
There are numerous scenarios in which a seller might list their property in as-is condition. Buyers purchasing from a lender who foreclosed on a property or an estate may notice language indicating that they agreed to purchase the property as-is. Essentially, the...
Buying or selling a property can be a complicated undertaking. As a result, you can easily make a costly mistake whether you are a buyer or a seller. Nonetheless, with practical tips, you can more effectively navigate your experience. In addition to a buyer and a...
For many years, New Yorkers who are selling their homes have been required to disclose property conditions including asbestos, hazardous waste, fire and smoke damage and pest infestations. Last September, after a year of unprecedented flooding in many parts of the...
With a residential lease, the tenant may just have to pay rent every month. In some cases, utilities are also included. But this isn’t a given, and many renters have to cover these costs themselves. With commercial leases, however, rent and utilities are just the...
Commercial leases are significantly different than residential leases. They last for longer and typically cost far more. They also include an assortment of costs and fees that people usually don't need to cover when they sign residential leases. Those renting retail...
No one wants to move into a new home and then find out their neighbors are nothing but trouble. Unless the seller has filed police reports, been engaged in litigation or gone to the homeowners’ association (HOA) regarding the troublesome neighbors, they can likely get...
