by Hancock, McGill & Bleau | Jun 5, 2020 | Estate Planning & Probate, Real Estate, Title Services
We receive a lot of requests for the creation of joint tenancies with rights of survivorship and transfer on death deeds (“TODDs”). We understand the reasoning behind these requests. Everyone wants to avoid probate and make the transfer of property to loved ones quick...
by Hancock, McGill & Bleau | May 13, 2020 | Closing Services, COVID-19, Real Estate
COVID-19 has disrupted and continues to disrupt the real estate closing process. There are several addenda floating around which attempt to deal with the issues which result from the coronavirus. Most (1) extend the closing date if the closing cannot be performed due...
by Hancock, McGill & Bleau | Apr 14, 2020 | Buying Real Estate, Financing, Real Estate, Selling Real Estate
COVID-19 is rapidly turning our real estate world on its ear. We have had several clients who have had buyers who lost their loans at the last minute and are inquiring about closing using wrap-around financing. Virtually all residential and commercial mortgages...
by Hancock, McGill & Bleau | Feb 24, 2020 | Financing, Real Estate, Selling Real Estate
Financing for residential purchases including seller financing and unlicensed third-party lenders has been substantially affected by the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly called the “Dodd-Frank Act” which was passed in 2010 and...
by Hancock, McGill & Bleau | Nov 12, 2019 | Buying Real Estate, Real Estate, Selling Real Estate
What is required to allow the seller to convey property “as is”? More particularly, do the provisions in Section 7D of the TREC contracts meet the requirements allowing a seller to convey property “as is”?The short answer to whether you can rely on the printed...
by Hancock, McGill & Bleau | Aug 27, 2019 | Listing Real Estate, Real Estate, Selling Real Estate
Here are five relatively painless ways to reduce your liability when listing and selling real estate. Require the Use of Buyer Representation Agreements When Representing Buyers. If you do not have written authorization from both buyer and seller, you cannot qualify...
