It is extremely important for sellers to know upfront that they will not be able to e-sign all of the documents required for closing and to make the closing attorney aware if the seller is not local or needs to make separate arrangements to sign in person.
Even if all parties agree to the terms, a verbal contract for the sale of real property is unenforceable. The reason is due to a legal doctrine called the Statute of Frauds.
Before creating an LLC and transferring rental property to it, there are a few concerns to consider.
The deed to your house is in your name only. Does your recent spouse need to sign-off when the house is sold?
The addition of Barbara Stewart and Raven Ash allows us to serve more of our existing clients’ needs while also helping new clients with commercial or residential real estate matters.
The biggest change: the upfront fees that borrowers pay based on their credit score and down payment size.