Virginia Beach, VA
Real estate Lawyer at Virginia Beach, VA
Practice Areas: Real Estate, Probate ... +5 more
A lot of attention is given to the seller side of a short sale transaction, and rightfully so. The bulk of the complexities involved in a short sale take place on the listing side. The correspondence...
See Full GuideLoan Modifications, Short sales and Deeds in Lieu (DIL) are the main types of loss mitigation techniques that lenders use when borrowers are in default and in turn facing a potential foreclosure. They...
See Full GuideThere’s a big misconception in the industry that short sales can be closed in a short amount of time. Rather, the “short” component refers to the lender accepting a payoff amount that is less than the...
See Full GuideA short sale occurs when an individual is unable to pay their mortgage in full when selling the home. Instead of a “full payoff,” it’s a “short payoff,” also called a short sale. Most real estate agen...
See Full GuideRemember, everything is negotiable in a contract, but it’s extremely important to be very thorough in drafting and reviewing each and every section. Make sure the contract is accurately conveying the ...
See Full GuideSometimes parties get wrapped up in the formalities of contracts, especially real estate deals. Realtors throughout the country often use templates to draft the contracts and clauses are nearly all bu...
See Full GuideTo help fix the problem of "delayed disbursements" in a real estate transaction, the VA code was amended in 1980 to require settlement agents to disburse funds within two days of closing. While there ...
See Full GuideVirginia has a wonderful legal mechanism by which any property owner (or owners if joint tenants) may convey a piece of property to another individual outside of probate via a Transfer on Death Deed. ...
See Full GuideThe Commonwealth of Virginia and many other states allow creditors to file liens when a debtor is delinquent (late on payments) on debt. SECURED V UNSECURED DEBTS A credit card is an unsecured debt be...
See Full GuideSellers and Buyers alike should understand what constitutes a fixture or whether an item is personal property, so as to not have unrealistic expectations when they perform the final walkthrough. WHAT ...
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