One of the most visible effects of the credit crunch has been a stressed commercial real estate market which has led to the uncontrolled levels of nonperforming commercial mortgage loans. This article will focus on the typical loan purchase process and throws some light on the advantage and disadvantage of buying nonperforming commercial real estate loans. In the case of a loan modification, any small improvement in the terms will equal thousands of dollars of savings. As for short sales, the additional leverage may allow you to avoid a deficiency judgment and mitigate your tax exposure.
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With collective enfranchisement you have the right to manage your block of flats! In spite of the legal fees involved in collective enfranchisement, considerable savings are likely to be made, once you and fellow tenants have efficient management in place. Discover how in this article.
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A DNA Mortgage Reduction is a review of the mortgage you currently have in place to make sure you were not a victim of predatory lending practices. This means that your debt to income ratio was higher than 50%.
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Following the recent floods in Ghana which have killed at least thirty-five people, I am motivated to share with you experiences I have learnt from my father in his ‘land buying stories’. The recent floods in the country which meteorologists say is as a result of global warming is been referred to as the most disastrous in the past few years.
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Assured shorthold tenancy agreements are contracts between tenant and landlord. If there is no breach of the tenancy by the tenant landlords must look to Section 21 of the Housing Act 1988 which provides for two types of tenant eviction notice. The first type of notice must be used during the contractual term of the tenancy.
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Land Development is about taking a piece of raw land and changing its use (better known as rezoning). There is a good chance that the value of the land can go up substantially in value. Land can be a very profitable investment, plus you can do really big deals without using much of your own money!
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When you are involved in the business of real estates, it is most likely that you will one day or another find yourself in the courts having to settle disputes. They may be disputes with your clients, partners, creditors or any other person that is affected by your operations.
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The article describes opportunities to develop coastal areas with respect to tourism. The article touches upon the need to plan activities like developing resorts with a holistic approach involving various aspects from the technical and commercial to the environmental.
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Real estate law involves many processes especially when going through a transaction. Negotiation, sale, and security agreements, mortgages, licenses, escrow, zoning, titles, and ordinances are just some examples of the documentation involved in a transaction. Throughout the buying and selling process an attorney is mandatory; there are many documents which require a lawyer’s approval, advice, or signature.
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If you think you are over- paying your taxes, you should consider looking out for a tax appeal lawyer. Knowing about your rights and being well informed about your finances will help you to save a lot of money and act smart too.
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