The following links to real estate Law articles published by various legal resource services, attorneys and legal professionals are posted here as a legal resource by National Lawyers Directory, a national directory of links to attorneys, lawyers and law firms.
Real estate investment trust - posted: September 8, 2005 - author: From Wikipedia - A real estate investment trust or REIT (rhymes with treat) is a tax designation for a corporation investing in real estate that reduces or eliminates corporate income taxes. The REIT structure was designed to provide a similar structure for investment in real estate as mutual funds provide for investment in stocks. When organized as a public company, ownership shares in REITs trade on public stock market exchanges like shares of common stock in other firms. REITs generally pay no federal income tax but are subject to a number of special requirements set forth in the Internal Revenue Code click here for full text.
Liquidated Damages and Earnest Money - posted: September 8, 2005 - author: Ilyce R. Glink and Samuel J. Tamkin - A buyer made an offer to purchase a home and placed a deposit. For some reason the sale did not go through and the seller kept the buyer’s deposit as damages. The seller later sold the property at a higher price and actually benefited from the first deal falling apart. The seller then had to return the first buyer’s deposit because the seller didn’t have any damages. Is this true click here for full text.
Quitclaim Deed Does Not Change Mortgage - posted: September 8, 2005 - author: Ilyce R. Glink and Samuel J. Tamkin - A reader signs a quitclaim deed transferring his share of a home to his ex-wife. He now realizes that he is still listed on the mortgage and it is hurting his credit rating. Sam and Ilyce explain the differences between quitclaim deed, title and deed of trust. click here for full text.
Time Constraints Set by 1031 Exchange - posted: September 8, 2005 - author: Ilyce R. Glink and Samuel J. Tamkin - The reader wants to use a 1031 exchange for the sale of commercial property but is concerned about the tight time frames outlined by the IRS. Sam and Ilyce explaing how a reverse exchange may be the solution to the readers concerns click here for full text.
PROFILE OF A RESIDENTIAL REAL ESTATE CLOSING - posted: September 8, 2005 - author: From The Law Office of Faiman & DeAngelis - The purchase or sale of a home generally begins with the drafting and negotiation of the Offer to Purchase. The Offer to Purchase is often of critical significance to both the buyer and the seller. For the seller, the price, closing date, mortgage commitment date, inspection contingencies, and the date by which the Purchase and Sale Agreement is to be signed are of vital importance. For the buyer, in addition to these issues, the financing terms and the scope of the inspection contingencies are important. click here for full text.
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