by alex a | Sep 14, 2015 | Legal Tips
Tax prorations continue to be a hot topic due to the investment property tax rate being substantially higher than the owner occupied tax rate. Many sellers when taxed at the investment rate of 6% want the attorney to prorate at the occupancy rate of 4% when selling...
by alex a | Sep 4, 2015 | Legal Tips
Several agents are unclear as to how to cancel the contract under Paragraph 9(C)(3). Pursuant to the contract the buyer has 10 business days to complete any due diligence. During the due diligence period should the buyer determine, in their sole discretion, to...
by alex a | Aug 28, 2015 | Legal Tips
This is an important topic because today’s litigant typically sues the real estate agent and the seller when a lawsuit is filed over a seller disclosure issue. I continue to see “No representation” selected as an answer on the seller disclosure. Blair Cato takes the...
by alex a | Aug 21, 2015 | Legal Tips
Today we delve into Sale and Close contingency (Paragraph 16A). Sale and Close contingency means that your buyer wants to make an offer on a house contingent on receiving a contract for her house and then closing on that contract. While under a Sale and Close...
by alex a | Aug 14, 2015 | Legal Tips
This week I will discuss the Closing Contingency contained in Paragraph 16 B. Closing Contingency means that your buyer wants to make an offer on a house contingent on the closing of their current house. Their current house must already be under contract and all...
