Firm News

Even though the typical real estate contract states that the Property is being sold in "as is" condition, the buyer will perform an inspection during the due diligence period.  Inevitably, items will come up and both sides will go back about needed repairs or credits,...

Borrowers typically negotiate lender loan fees such as points paid to the lender.  However, borrowers often overlook other fees and costs, such as lender's estimated attorney fees.  Depending on the lender and law firm selected by the lender, these fees can vary...

A client recently came to the office and discussed purchasing a warehouse.  He wants to eliminate the mini-storage use of a portion of the building and find one primary commercial tenant to occupy that space.  The client believes this would yield a higher return.  Why...

I used to own a number of single and multi-family properties, most all of which I sold over time.  I do not have the ability to fix the properties, I do not want calls from the tenants, and professional management only reduces the profit potential.  I much prefer...

Should you consider using the lender or mortgage broker referred to you by your real estate agent?  I would consider the recommendation, but I would not stop there.  Sometimes, the real estate agent or company has an affiliated business arrangement with the lender or...

If the Buyer does not close, and the Seller if unwilling to refund the Deposit, what does the escrow agent holding the Deposit do with the money?  The answer is to file an interpleader action and place the money with the clerk of court in the county where the Property...

I have been working on my client's behalf with a national tenant regarding approximately ten percent of his strip retail shopping center.  This is a vacant space, the discussions have been going on for months, back and forth.  With landlord rent concessions, I am not...

Other writings discussed the value of a 1031 Exchange.  Of course, you must identify and close on a suitable replacement property within 45 and 180 days, respectively, of the initial closing.  One possible alternative to finding a suitable replacement property is to...

If you are moving to a new area, what would you do?  I recommend that you take the time to find the best location for you, so consider renting and give yourself time to explore your location before you make that purchase.  I have a client who rushed to buy a home, put...

A client recently came to our office with a problem arising from a prior deed.  The couple owned the real estate but decided to add their daughter and her husband after they acquired the home, to avoid probate upon their death.  The significant problem is that the...