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Real Estate and Property Law Questions
Real estate and property law covers purchases, sales, leases, and disputes that are centered on property.
During the sale and purchase of property, contracts need to be drafted, read, modified, and signed. Real estate attorneys typically prepare documents pertaining to closings and provide representation at them. They may also assist in finding financing or reviewing financing documents.
Real estate attorneys also provide counsel and representation for co-owner and landlord-tenant disputes. Attorneys can also verify clear title and assist with property interests including easements, which allow use of property for a particular purpose. Real estate and property law includes commercial development and assistance with obtaining zoning and subdivisions. Real estate attorneys also represent condo and home owners associations.
If a mortgage is in arrears, counsel may represent banks in foreclosure proceedings or assist individuals seeking to avoid foreclosure by negotiating with lenders to change the loan terms to a longer pay out period or lower interest rate. An attorney may also advise you of other options including giving the bank a deed of foreclosure whereby you voluntarily give your lender the deed or filing bankruptcy. In some states, squatters may take possession of land by openly and exclusively using it for a specified time period. In states that permit adverse possession, counsel may be needed to assist in determining property ownership disputes.
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