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Keyword Search Result: home ownership
March 25, 2015 – 10:25 am
The Facts: I am selling my house. A number of years ago I replaced the fence that enclosed my back yard. The person who is buying my house had my property surveyed and it appears that the fence is about 3 feet inside my property line. The title company is requiring me to obtain a […]
January 2, 2015 – 12:19 pm
I generally do not revisit a topic if I have discussed it in a prior article. However, based on the number of phone calls I’ve received from clients in response to alarming solicitations they’ve received in the mail, I am making an exception this month. It has been almost three years since I first warned […]
October 29, 2014 – 10:19 am
At least once a week a new client who owns real property with someone else comes to my office with a question about his rights and obligations with respect to his joint ownership of the property. Oftentimes the questions arise because the owners do not see eye to eye as to who is responsible for […]
September 3, 2014 – 11:39 am
The Facts: My father has decided to gift his house to me and my brother and to retain a life estate for himself. This is part of his Medicaid planning. The Question: What are the advantages and disadvantages of making this transfer? The Answer: The advantages of putting the house in your names now is […]
The Facts: I bought my boyhood home from my parents when they moved into a 55 and over community. The house was built by my parents in the 1980’s. Despite the fact that the driveway is in the same location now as it was when the house was first built, my neighbor brought over a […]
December 20, 2013 – 11:23 am
My husband and I are buying our first house and we want to make sure our attorney works in our best interest. What should we look for when retaining an attorney? When choosing an attorney you want to be sure that the attorney has experience with residential real estate transactions. The less real estate experience […]
November 22, 2013 – 10:17 am
There are a number of ways in which individuals can take title to property. People who are not married to each other can own real property as tenants-in-common (TIC) or as joint tenants with right of survivorship. Co-owners who are TIC each own a share of the real property and have the right to sell […]
The Facts: My father is planning on putting his house into an irrevocable trust and naming me as trustee. He will be naming my sister and me as beneficiaries of the trust. The Questions: Can my father sell his house once it is in the trust? If my father goes into a nursing home, can […]
The Facts: I recently received a letter from a company suggesting that I should have a certified copy of my deed. The company offered to get the deed for me for about $85. The Question: Is this a scan? The Answer: Yes, it is a scam and one that is quite lucrative for the company making the offer. […]
The Facts: My elderly father is putting his house into an irrevocable trust and naming me and my brother as beneficiaries of the trust. The Questions: If my father decides to move out of his house, will we be able to sell the house while my father is still alive? Would it be better if my father […]
September 15, 2011 – 6:58 pm
The Question: I am buying my first house and was told I need to get title insurance. What is title insurance and do I need it? The Answer: That interest may take many forms including an ownership interest or a judgment or lien against the property. While you are not required by law to purchase title […]
November 4, 2010 – 7:08 pm
With low interest rates and a glut of properties on the market, an increasing number of clients are looking to purchase real property. Many of those clients are purchasing the property with friends and family members and have questions about how best to take title to the property. Since joint ownership of property can take […]
With the onset of the warm weather, homeowners throughout Long Island have begun to focus on home improvement projects from replacing windows to building that much needed addition. While some homeowners take the “do it yourself” approach, many hire contractors to be sure the work is done correctly in accordance with local building codes and […]
The Facts: My father had a daughter, Jane, from a prior marriage. He and Jane did not stay in touch. Since he wanted me to have his house after his death and wanted to avoid probate, my father put my name on the deed to his house after my mother’s death. The deed does not identify […]
November 19, 2009 – 7:14 pm
The Facts: My husband and I are thinking about buying our first house. The Question: Is this a good time to buy? The Answer: Absolutely! Inventory is high, interest rates are low and Congress has just extended the Homebuyers Tax Credit bill. Under the new bill, even people who are not first time buyers may be eligible for […]
October 15, 2009 – 7:15 pm
The Facts: Since my son is gong to inherit my house when I die, I was thinking about putting his name on the deed now as a joint tenant with right of survivorship so he would not have to probate my Will. The Questions: What are the pros and cons of doing this? The Answer: If your only […]
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