| Land Trusts |
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| A land trust is a device by which land is conveyed to a trustee for the benefit of another. A settlor is the owner of the property that is placed into the trust. A land trust is created when settlor expresses his or her intent to create a trust through a written instrument. The instrument must name the trustee and identify the trustee's powers, the beneficiaries, and any remaindermen. The settlor may be the trustee and, in most cases, the beneficiary of the land trust.More... |
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| Residential Real Estate Sales -- The Final Walk-Through |
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| In connection with a residential real estate sale, it is not uncommon for a buyer to "walk through" the house one or more times before the closing takes place.
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| Real Estate Negotiations |
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| Parties often use negotiation as a technique by which to come to an understanding. The parties may or may not be represented by real estate agents or attorneys.More... |
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| Shopping for a Mortgage |
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| For most of us, obtaining a mortgage is a particularly important financial transaction. The costs that are charged by various lenders in connection with mortgages vary widely. It is advisable to comparison shop when looking for a mortgage. Doing so could save you hundreds or even thousands of dollars.More... |
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| Rights and Duties of Co-Tenants |
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| Co-tenants may own real estate in one of three ways -- as joint tenants, as tenants in common, and as tenants by the entirety. Except for the exclusive rights noted below, co-tenants generally have the same rights and duties. More... |
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