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For Sale By Owner Closing, Do I Need a Lawyer?
Every year over 200,000 home sellers decide to sell their homes without the use of a real estate agent. These transactions are known as for-sale-by-owner or FSBO home sales. Owners selling their homes without a real estate listing agent may sell their homes to buyers...
Choosing Your Real Estate Attorney
The American Bar Association guides individuals seeking an attorney to be mindful of their attorney’s specialization or practice area(s). Most states do not require attorneys to be certified in a certain practice area. However, eighteen states require lawyers to...
How do I find a Real Estate Attorney?
Your real estate attorney will guide you through one of the biggest transactions of your life, the purchase and/or sale of your home. It is important to choose a lawyer that you trust, communicate well with, and is licensed in the state in which the transaction is...
States That Require an Attorney at Closing
Certain states consider a real estate transaction - the buying or selling of real property to be a legal transaction. In these states, the parties in the transaction must be represented by an attorney: Connecticut Delaware Georgia Massachusetts New York South Carolina...
How Can An Attorney Help With A Real Estate Purchase Or Sale?
Attorneys can support buyers and sellers throughout the entire real estate transaction or with select procedures. Some examples of how attorneys help with a real estate purchase or sale include: Contract Creation & Review For individuals entering into real estate...
Real Estate Attorney
Individuals enter into real estate transactions in many different ways. According to the National Association of Realtors, in 2021, 87% of buyers purchased their homes through a real estate agent or broker. These professionals guide their clients through the process...
Consequences of filing bankruptcy
Bankruptcy can help you discharge overwhelming debt, but it also impacts your credit, job, and personal relationships. Getting a mortgage after bankruptcy A bankruptcy shows on a credit report for 7 to 10 years from the date filed, depending on the type of bankruptcy....
When you shouldn’t file for bankruptcy
Filing for bankruptcy shouldn’t be the first option considered when you’re faced with significant debts. Before filing, you’ll want to explore other options like debt consolidation or negotiation. Additionally, bankruptcy doesn’t solve all financial situations or...
Common Bankruptcy Fraud Examples
The Federal Bureau of Investigation (FBI) estimates that 10 percent of all bankruptcy filings involve fraud. According to UScourts.gov 413,616 bankruptcies were filed in the U.S. in 2021. That means that over 40,000 cases were fraudulent. In discussing bankruptcy...
What Is a Bankruptcy Discharge and How Does It Operate?
A primary reason individuals and businesses file for bankruptcy is to have their debts discharged or reorganized. Under a debt reorganization, such as a Chapter 11 or Chapter 13 Bankruptcy, the filer works with court representatives to restructure their debts into a...
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