You may know that real estate brokers and real estate agents are licensed by the State of Georgia. But do you know who the Georgia Real Estate Commission (“Commission”) is and what they do? Today’s post will give you a brief overview of who they are and what the Commission does. The Georgia Real Estate […]Continue Reading... Comments Off on Who is the Georgia Real Estate Commission and What Do They Do?
Eminent domain is a complex and complicated area of real estate law. In today’s post we want to help demystify eminent domain by introducing you to some of the more common words used in eminent domain proceedings. Understanding the language of eminent domain will give you a better understanding of just what is going on […]Continue Reading... Comments Off on The Language of Eminent Domain. 4 Important Words to Know.
Unfortunately, when you are at your most vulnerable, that’s when you are most likely to fall prey to con artists. In the real estate world, many of these criminals take advantage of people who are facing foreclosure. Foreclosure and mortgage scam artists will promise to “save” your home; or get you a loan modification. They […]Continue Reading... Comments Off on Struggling to Pay Your Mortgage? Watch Out for These Scams.
If you are fairly familiar with real estate terms you’ve probably heard of easements. But what is a “quasi-easement”? Let’s see. Easements. An easement is a non-possessory property interest in land that allows the person holding the easement to use another’s property for his own benefit. An easement confers upon the easement holder some right, […]Continue Reading... Comments Off on A quasi-easement. What in the World Is That?
Whenever you sell a home, you have certain obligations. One of the most important obligations you have is to disclose (i.e., “tell”) prospective buyers about certain conditions of the property. Why Disclose? Property sales disclosures protect homebuyers from buying a property that has dangerous or material defects that they cannot discover through a reasonable inspection […]Continue Reading... Comments Off on Show and Tell? Or Show and Not Tell? (Your Disclosure Obligations When Selling a Home.)
Maybe you don’t like the way your Homeowners’ Association (“HOA”) is running things. Maybe you just want to become more involved in your planned community. Either way, if you want to become an HOA board member, you need to know what’s involved. What the HOA Does. When you buy a home in a planned community, […]Continue Reading... Comments Off on Can You Be a Board Member of Your Homeowners’ Association?
In Georgia, the nonjudicial foreclosure process moves pretty quickly. In a matter of months a foreclosure can be completed and you could no longer own your home. So what happens once a foreclosure is completed? Tenant At Sufferance. In Georgia, when a nonjudicial foreclosure has been properly completed, meaning that all nonjudicial foreclosure procedures have […]Continue Reading... Comments Off on What Happens To a Homeowner After Foreclosure?
What happens if you have a piece of property but there’s no way in or out of it except over someone else’s land? You may want to find out a little bit about easements. What Is an Easement? Easements are an interesting real property right. An easement allows a person (the holder of the easement) […]Continue Reading... Comments Off on What Happens If Your Property is Landlocked?
In Georgia, adverse possession, (also called “squatter’s rights”) is one way of acquiring title to real property. Adverse Possession. Adverse possession (meaning to possess the property “adverse” to the true owner) allows people who do not have legal title to a piece of property or a portion of property to acquire title to it by […]Continue Reading... Comments Off on Real Life Land-Grab. (Examples of How Adverse Possession Can Affect Your Property.)
Real estate foreclosure law has some terms that tend to confuse people. For example, people often mix up the terms “redemption” and “reinstatement.” In most states, when a lender starts a foreclosure action, the borrower in default has a right of redemption or reinstatement. (In Georgia, there is no right of redemption.) These two legal […]Continue Reading... Comments Off on Reinstatement. Redemption. What Do These Terms Mean?