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
Whenever a lease comes to an end, the pressing question for most tenants is, “will I get my deposit back?” The answer depends on your state’s laws and the condition of the property at the end of the lease. In Georgia, where we practice, the laws governing security deposits apply only to landlords who own […]Continue Reading... Comments Off on 3 Things Tenants Should Know About Safety Deposit Returns
If you are a landlord, you realize that despite your best efforts, sometimes you can end up in a heated dispute with your tenant(s). When this happens, it’s easy for tempers to rise and conflicts to escalate. To make matters worse, you could find yourself embroiled in litigation—never a pleasant thing. Here are 3 strategies […]Continue Reading... Comments Off on 3 Strategies For Working Out a Dispute With Your Tenant Without Losing
Homeowners living in communities governed by a homeowners’ association (“HOA”) or those considering buying property within an HOA community often wonder what happens if they violate the HOA rules. It’s a question worth asking. Before you purchase property within an HOA community, it’s a good idea to know the answer to that question. In today’s […]Continue Reading... Comments Off on The 3 Main Powers of a Homeowner’s Association to Enforce The Rules