7 MOST COMMON REASONS A REAL ESTATE TRANSACTION GOES BAD
Every business decision is followed by a lot of anxiety. That?s because there is a variety of issues that may occur before, during and/or after it. Transactions are one of …
WHAT IS A REAL ESTATE ATTORNEY AND WHEN DO I NEED ONE?
Buying a home isn?t just a simple purchase; it?s also a legal transfer of a property from one entity to another. Because the legal side of this transaction can be …
REAL ESTATE SETTLEMENT PROCEEDURES ACT
RESPA Real Estate Settlement Procedures Act The Real Estate Settlement Procedures Act (RESPA) provides consumers with improved disclosures of settlement costs and to reduce the costs of closing by the …
STATES WITH COMMON LAW MARRIAGE
States With Common Law Marriage Colorado: Common law marriage contracted on or after Sept. 1, 2006, is valid if, at the time the marriage was entered into, both parties are …
NON-MARITAL COHABITATION AGREEMENT
NON-MARITAL COHABITATION AGREEMENT MISSOURI IS NOT A COMMON LAW STATE. KANSAS IS A COMMON LAW STATE. IF A COUPLE IS MARRIED UNDER COMMON LAW IN ANOTHER STATE, MISSOURI MUST RECOGNIZE …
WHAT STATES RECOGNIZE TENANCY BY THE ENTIRETY?
What States Recognize Tenancy by the Entirety? These states recognize tenancy by the entirety: Alaska, Arkansas, Delaware, District of Columbia, Florida, Hawaii, Illinois, Indiana, Kentucky, Maryland, Massachusetts, Michigan, Mississippi, Missouri, …
WHAT STATES ARE COMMUNITY PROPERTY STATES?
What States are Community Property States? The community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.
SURVIVORSHIP AFFIDAVIT
A survivorship affidavit (sometimes called an affidavit of death or affidavit of continuous marriage) is a legal document used to remove a deceased owner from title to property by recording …
DEATH AND REAL ESTATE
What effect does the death of an owner of real estate have on the title to real estate? When a person who owns real estate passes away, depending on the …
RULES OF HOME AFFORDABILITY
The rules of home affordability Mortgage lenders use something called qualification ratios to determine how much they will lend to a borrower. Although each lender uses slightly different ratios, most …