| Residential Real Estate Contracts |
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| When buying or selling real estate, a contract must be drawn up between the buyer and the seller. In order to satisfy the requirements of the Statute of Frauds, the contract must be in writing and signed by the parties. Ordinarily, the contract consists of a blank form that is provided by the seller's broker, but an attorney may also draw up the contract. Other times, the seller will draft the contract himself or herself. The responsibility for drafting the contract may vary from one location to the next, depending on local custom and statutes. More... |
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| Homeowners' Associations |
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| As the name suggests, a homeowners' association is a group of homeowners. Homeowners' associations function within condominiums, co-operatives, and planned neighborhoods. More... |
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| Title Insurance |
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| By the terms of a real estate contract, a seller agrees to convey clear title to a buyer. As a condition of being approved for a mortgage to buy the property, the buyer's lender usually requires the buyer to purchase a lender's insurance policy, which is paid for when the real estate transaction closes. Every closing is conditioned on proof of the seller's ability to convey clear title, the release of prior encumbrances, and the ability of the buyer's lender to have a superior interest in the property to be conveyed. More... |
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| Timeshares |
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| A timeshare is an interest in real property. The nature of the interest varies somewhat, depending on the nature of the timeshare itself, but usually the buyer acquires the right to use a specified property during a certain period of time each year. More... |
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| Insuring Your Property Against Damage |
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| A property owner can obtain insurance to protect against damage or loss to real estate as well as to the personal property that may be located on that real estate. The typical types of insurance that are available to protect an insured against direct loss to the property include homeowner's insurance, fire and catastrophe insurance, and consequential loss insurance. More... |
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