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March 11, 2010

Selecting a residential real estate attorney for your legal case is a very important decision. Please enter a zip code to find an attorney that serves your area:

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Selling a Home

Selling a Home? When selling a home, a lot of work is involved. The home owner will need to decide if they will sell the home or hire someone to sell the home for them. This is where a residential real estate attorney is a great option. Why? Because the home owner will save on fees, as well as percentages to a real estate agent and broker. Not only that, but a residential real estate attorney understands all the contract work and legal jargon. They are here to help, not to make a percentage profit off of the home owner’s equity.

Want to save money in selling the home or condo? Contact a Residential Real Estate Attorney for home selling advice and legal advisement.

Some of the many procedures that a residential real estate attorney assists with include:

Reviewing listing agreement
Reviewing agreement of sale
Transferring legal title
Closing
Settlement
Sign deeds
Mortgages agreements

Most people think that a residential real estate attorney is only involved in the closing process, but they can help in every aspect of the sale of the home. It is to the advantage of the home owner to have a residential real estate attorney to handle their transaction affairs. They can help review everything in the beginning from the listing agreement to the agreement of the sale to the potential owner. Also, they ensure that the seller is best protected from shady real estate deals.

Completing the transaction of a sale can be a drawn out process. However, this process can be sped up with the knowledge of a residential real estate attorney to handle the transfer of the legal title, closing, and settlement. Through careful research, they help with looking for outstanding liens, encumbrances, and other documentation. It is very important to make certain there are no problems prior to the potential sale of the home and to ensure the transaction goes smoothly.

Want to save money in selling the home or condo? Contact a Residential Real Estate Attorney for home selling advice and legal advisement.

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	Online Home Buying Purchasing A Home Real Estate Closing Construction Case Law Selling a Home Condo Conversion Loan

Did You Know?

The garage is not considered in the square footage of a home.
A garage that is attached to the home is not considered part of the home's square footage. Only livable space is considered in the square footage calculation.

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RESPA protects certain types of transactions.

Federally related mortgage loan transactions, such as loans secured by a lien on residential property. This includes: refinances, home purchase loans, lender approved assumptions, equity lines of credit, property improvement loans, and reverse mortgages.

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According to real estate case law, second mortgage tax deduction on undeveloped land is not allowed.

Real estate case law states that you must have begun construction of a building on the land that and occupied within 24 months to submit a tax deduction. Otherwise, the land is an investment and the interest paid on the second mortgage does not qualify.

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Legal Disclaimers
All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Residential Real Estate Lawyer.com is not intended to be legal advice, but merely conveys general information related to legal issues commonly encountered. Please contact a local attorney in your area for official legal and law information. Your access to and use of this website is subject to additional Terms and Conditions.

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