Buying Foreclosed or Short Sale Property:
Generally speaking, in Virginia,
buying property at a foreclosure sale or through a short sale is often
subjected to many variables. For example - How long will the short sale
process take? Does the property have title defects that will cost you
money in the future? A real estate lawyer can help you to find answers
to these questions and may also be able to protect you from some of the
variables. The key is to consult a lawyer before signing any contracts
or making any bids.
As usual, every situation has exceptions. Consult with a Charlottesville attorney to get the full details.
Tucker Griffin Barnes
Charlottesville, VA (434-973-7474)
Inquire@TGBlaw.com
www.TGBLaw.com
Showing posts with label Real Estate. Show all posts
Showing posts with label Real Estate. Show all posts
Monday, June 18, 2012
Friday, October 8, 2010
Legal Tip: Fractional Interest in Property
Generally speaking, in Virginia, if you own a fractional interest in a piece of property, you can still force the property to be divided, or most likely sold.
Most of the time you will also only pay for a fraction of the legal fee.
As usual, every situation has exceptions. Consider contacting a Charlotesville attorney to find out the full details.
Tucker Griffin Barnes P.C.
Charlottesville, Virginia
434-973-7474
Inquire@TGBlaw.com
www.TGBLaw.com
Want to know more about us? Firm Video (3 min)
Most of the time you will also only pay for a fraction of the legal fee.
As usual, every situation has exceptions. Consider contacting a Charlotesville attorney to find out the full details.
Tucker Griffin Barnes P.C.
Charlottesville, Virginia
434-973-7474
Inquire@TGBlaw.com
www.TGBLaw.com
Want to know more about us? Firm Video (3 min)
Thursday, July 29, 2010
Legal Tip: Bank Wires vs. Cashier's Checks (Real Estate)
Generally speaking, in Virginia, for many years, it has been our practice to require cashier's checks for all closings. Recently, we have learned the Federal Reserve has been putting a random hld on certain cashier's checks, thus causing our local banks to sometimes not give immediate credit on the check. This Federal Reserve policy is due to the recent increase in counterfeit cashier's checks. One way to avoid the difficulties these holds can cause is to use bank wires instead.
Buyers should arrange with their banks to be able to wire to the settlement attorney the necessary funds to close. As long as the Buyers arrange for the wire ahead of time, this new practice may actually be easier for the Buyers, as they do not need to rush to their bank to get a cashier's check. Also, as the exact amount needed to close may not be available until just before closing, the final amount of the bank wire can be adjusted accordingly.
As usual, every situation has exceptions. Consult with a Charlottesville lawyer to get the full details.
Bill TuckerTucker Griffin Barnes P.C.
Charlottesville, Virginia
434-973-7474
Tucker@TGBlaw.com
http://www.tgblaw.com/
http://www.tgblaw.blogspot.com/
Buyers should arrange with their banks to be able to wire to the settlement attorney the necessary funds to close. As long as the Buyers arrange for the wire ahead of time, this new practice may actually be easier for the Buyers, as they do not need to rush to their bank to get a cashier's check. Also, as the exact amount needed to close may not be available until just before closing, the final amount of the bank wire can be adjusted accordingly.
As usual, every situation has exceptions. Consult with a Charlottesville lawyer to get the full details.
Bill TuckerCharlottesville, Virginia
434-973-7474
Tucker@TGBlaw.com
http://www.tgblaw.com/
http://www.tgblaw.blogspot.com/
Thursday, June 18, 2009
Legal Tip: Buying Foreclosed or Short Sale Property (Real Estate)
Buying Foreclosed or Short Sale Property:
Generally speaking, in Virginia, buying property at a foreclosure sale or through a short sale is often subjected to many variables. For example - How long will the short sale process take? does the property have title defects that will cost you money in the future? A real estate lawyer can help you to find answers to these questions and may also be able to protect you from some of the variables. The key is to consult a lawyer before signing any contracts or making any bids.
As usual, every situation has exceptions. Consult with a Charlottesville attorney to get the full details.
Doron Samuel-Siegel
Tucker Griffin Barnes P.C.
Charlottesville, Virginia
434-973-7474
DSamuel-Siegel@TGBlaw.com
http://www.tgblaw.com/
http://www.tgblaw.blogspot.com/
Generally speaking, in Virginia, buying property at a foreclosure sale or through a short sale is often subjected to many variables. For example - How long will the short sale process take? does the property have title defects that will cost you money in the future? A real estate lawyer can help you to find answers to these questions and may also be able to protect you from some of the variables. The key is to consult a lawyer before signing any contracts or making any bids.
As usual, every situation has exceptions. Consult with a Charlottesville attorney to get the full details.
Doron Samuel-Siegel
Tucker Griffin Barnes P.C.
Charlottesville, Virginia
434-973-7474
DSamuel-Siegel@TGBlaw.com
http://www.tgblaw.com/
http://www.tgblaw.blogspot.com/
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