In many states a landlord has to follow specific procedures and meet precise deadlines before a tenant can be evicted for failing to pay the rent or for other violations of the lease. Not so in Georgia. Georgia’s Landlord/Tenant Eviction Rules In Georgia, if you are a tenant, you had better make certain to […]Continue Reading... Comments Off on When the Sheriff Comes Calling: A Look at Evictions
Your rental apartment doesn’t have to be a palace. But it does need to meet certain minimum requirements under law for being habitable. What are these requirements and what are they called? Let’s see. Implied Warranty of Habitability Implied into almost all residential leases is a warranty by the landlord that the rental property will […]Continue Reading... Comments Off on A Brief Look at the Warranty of Habitability
Predatory lending encompasses a number of unfair, and often illegal mortgage lending practices. Predatory lending practices take advantage of a borrower’s lack of understanding or knowledge about mortgages and loans, and frequently ignore whether or not the borrower has the financial ability to repay the loan. Who Is At Risk for Predatory Loans? Very often […]Continue Reading... Comments Off on 2 Examples of Predatory Lending to Look Out For
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.
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?
Buying and selling real estate is serious business. So is the money that can be made on real estate transactions. Knowing how real estate brokers and agents make their money is important issue for both real estate buyers and sellers. Why? Because understanding commissions can help buyers to make informed offers, and reducing the commission […]Continue Reading... Comments Off on How Brokers Earn Their Commissions