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The Mortgage Financing Contingency Clause
Real estate sales are usually subject to many contingencies, and the mortgage financing contingency is one that often causes considerable headaches for buyers and sellers. At the most basic, a mortgage contingency…
What To Do With Our Deed Now That We Are Divorced
The divorce decree doesn’t take care of everything. You often need to take extra steps to protect your financial interests. This is particularly true when it comes to any real estate you…
When Offers to Purchase Are Enforceable
Most of the time, when you offer to buy something, you can’t be held to that offer. Usually the offer must be accepted, and some form of consideration must change hands to…
The Importance of Communication
Whether you are a buyer, a seller, a lender, or an agent representing either side, it’s hard to overstate the importance of communication in real estate transactions. An attractive property and a…
Does Having a Trust Prevent a Future Probate?
Hint: It Can! Speak With an Attorney To Learn Your Options If you’ve done any estate planning research, you’ve likely seen the word “probate” and all the scary adjectives surrounding it. So…
What Happens With Your Mortgage After a Divorce?
You’ve begun the divorce process, and now you must determine what to do with the “family house.” Understanding what happens with your mortgage after a divorce can feel overwhelming when you don’t…
Living Trusts and Taxes: You Must Prepare Properly to Minimize Estate Taxes
Most of the trusts created to minimize tax liability are irrevocable. However, the popular revocable living trust the people use to avoid probate can sometimes also be used to minimize estate tax…
What Happens if You Do Not Have a Will or Trust
People delay estate planning for many reasons. Some may say, “I’m young; I have plenty of time,” or “My children will inherit everything anyway.” Such reasoning may jeopardize your estate, sour family…
When To Hire an Attorney for a Real Estate Closing
If you’re buying or selling a property in Massachusetts, state law requires that an attorney be present at the real estate closing. This is typically the lender’s closing attorney, but buyers and…